White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-02-19
PRODUCTION At
THE G|ROUX IS
NEARING
STATEMENT OF PRESIDENT COLE
TO THAT EFFECT Is AMONG
GOOD NEWS OF THE WEEK
FOR DISTRICT.

As the days go by the conditions in
the Giroux Consolidated mine are
showing up in better shape and Presi-
dent Thomas F. Cole has made re-
port showing that the average of the
first of the porphyry ores to be ship
ped will be much higher than the re-
port showed. The ore of this charac-
ter, he says. will average about two
per cent copper or better, and they
will be mining this character of ore
for several years. With regard to
the high grade ore of the Alpha he
says that there has not been sufficient
work done there to determine the ex-
tent of the tonnage. He also refrains
from telling what the average of this
ore Is. In this regard 1t is possible
that the company desires first to
make terms with the railroad before
revealing the grade of ore which will
be shipped. The report is very in
teresting as the following excerpt will
prove:
Before We exercised our option on
the Butte K Ely Copper eompany's
stock, our work on its lands demon
strated that the concentrating ore
bodies being mined by the Nevada
Consolidated TO the east OF the
Westphalia claim of the Butte K Ely
company extended into Butte 4 Ely
lands, and since that time mining
operations of the Nevada Consolidate
ed company have reached the north
east corner of the Westphalia claim.
Though no work was done upon the
the Butte & Ely Copper eompany's
ground during the past year. the drill
ing on some of our adjoining claims
TO the north indicates that the ore
which we are there showing up ex-
tends into that company's property
also.
Butte & Ely has no Indebtedness
and at the close of the fiscal year
ending December 81, 1910. had cash
balance of $242,037
We are still directing our efforts
towards reaching and opening up
through the Giroux shaft the high
grade ore bodies cut by the old AL
pha shaft on the 1000-foot aud 1900
foot levels.
We have also continued sinking
the Giroux shaft to the 1400-foot lev
el, so that erosscut can be made
from this level to the Alpha's terri
tory. The erosscut on the 1200-foot
level was started September 16, 1910
and we expect to complete same
about March /. 1911.
The company still has a very large
territory unexplored, on which the
prospects for showing up additional
ore tonnages are favorable. and there
are possibilities of disclosing large
tonnages of contact ore bodies along
a mile or more of our land. and which
should be of the same character as
those of the Alpha shaft territory.
The ehurn drilling has demonstrated
that in a very large portion of the
territory west and south metal values
have been leaehed out and rede-
posted at depth. To reach these
ores, as well as the Alpha mine ores.
the Giroux shaft was sunk in the
limestone and equipped with modern
pumping, hoisting and other machin-
cry so as to give us permanent out
let. Development work from this
shaft, now that pumps to handle the
water are installed, will be vigorous
ly prosecuted.
The porphyry ore developed has
shown rich copper contents nearer
the surface which will be the first
concentrating ores mined and treated
and will be of a grade considerably
higher than everage shown In the es-
innate. therefore. for several years
after work on that portion of the
property Is commenced the ore ex-
tracted will average 2 per cent or
better in copper. The lower grade
material can be taken out In future
years as the price OF copper metal
advances. 1t is proposed TO do con-
siderable additional development
work on the lands just north of the
Butte a. Ely property, and we are
hopeful that this will disclose ad-
ditional ore of higher values.
The estimate of tonnage actually
developed does not include any esti-
mate of tonnage of the high grade,
direct smelling ores known to exist
In the Alpha territory. The drilling
and drifting. heretofore done at that
point are not sufficient to enable us
at this time to make any estimate of
definite tonnage in that territory, but
such work gives every indication of
a very large tonnage of high grade
ores. From now on, development
work here will be carried on extern
siyely, with veiw of showing the
extent, tonnage and value of these
ores as soon as possible.
When the present management as
sumed control of the Giroux prop
erty, 1t found that railway rates
charged on materials used for mine
equipment and smelter and mining
operations were excessive and un-
reasonable During the year. COM
plants were prepared. covering both
eastern and western business and al