The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-27
ANNUAL REPORT Of
MASCOT COMPANY
Captain libby States Values
So Far Better Than Were
Expected.
HIGH-CRADE ORE DEEP
Has Opened Mine to Extent
That Future Operations
Are Plain.
HIGH-CRADE ORE DEEP

The annual report OF the Mascot Cop
per company has been issued, con-
pany OF Arizona In which there is very
substantial Utah interest. Captain Zen
W. TIbhy tho n-knoNn mining cngi-
uccr of salt Lake and Butte and con
suliinE engineer OF the company SUBJ
mits report on property conditions
which will prove Of interest. This fol-
lows
During the last year the continuous
development, and equipment work al
YOUR property, consisting Of sinking ar
shafts. driving tunnels and drifts' Greet
Ing new buildings and other necessary
work. is progressing as rapidly as could
be done with the eNDcn~cs allowed ior
the work by the management oil your
corporation. Three thousands seven
hundred and sixteen feet Of underground
work has been done during the ast year
and as nearly all Of this particular work
Is prcpara tory. or what might be termed
dead underground development work Tor
the purpose az getting your property In
the proper necessary condition. previous
10 the producing stage. but lirhiteo
amount of ore bodies has been cut. as
no effort has been made until recently
10 open orc bodies, but simply 10 get
ready and be III shape To handue the
ore when tho orc bodies were opened at
4 depth in the sulphidc ores.
HighGrade Copper Ore
eve have recently onened an ore boay
at depth of about 500 feet OF sulpnids
ore thai ASSAYS from ! per cent 10 20
per cent copper and from 81 70 klo IN
gold and silver values contained Ill inc
ore More than 1000 tons OF this grade
OF orc have been taken out in exploring
the ore body and Is on the dump. visible
for stockholders inspection. Ado'tion9l
development work Is In progress az thie
time for the purpose OF gaining more
information regarding tho magnitude Of
the or" bodies in the Immediate zone
where this was discovered, and. In add
iion 10 this the drifts from the Con-
solidated tunnel arc nearing. as To be-
lovc. some of the largest orc bodies on
the property AT a depth Of from 5oo 10
500 feet such as the Iron Tower. the
Oregon Opcn-cut the or incline, the
heavy iron ouicrop and ore body as shown
near and above Snipe sulch, and other
certain important ore bodies rs shown
II has required lime. patience and eX-
pcnse TO develop your property thus
far, but worry large part OF the initial
preparatory work leading To the produc"
geological conditions OF the ground
owned by your company Is being proved
by underground development aud grad
unily placing mo in position To dofi-
nitely understand facts and conditions
al depth as Wcll ~as. on the surface IN
largo mIncralized zonc. such as YOU
have on your property. in a porphyry
formation where veins, faults and dykes
occur 10 the extent that they have all
conditions cannot bc actually and def-
nitely read or told by surface indica-
lions. but sufficient evidence has been
secured To demonstrate the wisdom Of
the course pursued during the last year
In underground development and also to
confirm thr ideas entertained by read
ing surface conditions.
Can Move Rapidly,
More practical. definite and conclusive
evidence by the actual opening OF ore
bodies should he made within reason
able period after this date than has been
made during the last two years, and We
very rapid rate. not only towards the pro-
ductlve stage of tho property, but TO a
point where your property should, and
believe will. he made one of the greatest
copper producers In tho southwest II
is only necessary to have patience and
rot expect too much at the property In
The line OF results In short period.
The opening Of large and pern1a
mont copper property requires great OK
pense. Time and patience, but when
fully opened and developed. and dtvi-
dcn0s commence. they should continue
for many generations to come.
am glad TO sce that the ideas and
advice given by me 10 the management
five years ago arc working out In q way
originally anticipated and those ideas
being confirmed by actual development
and facts as shown in underground de-
velopment.
Better Than Expected,
The oic bodies VIZ have opened are
Of higher grade than we ha"
reason 10 expect. and I must ask
YOU 10 be conservative in considering
the future. all orc bodies tn be
opened in your property Will not be AS
high grade those already opened II
rs not the history of large properties 10
have everything on tho entire property
All high grade. hu; tho future Is In my
Judgment satisfactory and of Il char.
acter that will be entirely satisfactory TO
The officers directors and shareholders
Of the corporation. although II will re-
guire little longer Time than wns orig
nslly anticipated.
Thanking YOU for your hearty Coop
Grafton and support and assuring YOU
tnat IL Will he NV desire 10 merit "A
continuance OF the same In the futurc
] remain With respect. very truly YOURS
II, W. TIBBY.
Consulting Engineer.