The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-13
UTAH CON. MINE
GOOD FOR YEARS
Comment Upon Property by
George L. Walker IS Most
Favorable.
EXTENSIVE LEAD ORES
Deep Copper Ores Are Low
Grade, but Capable Of
Bringing Profit.
EXTENSIVE LEAD ORES

There is a great deal O. comment in the
east on the success Of the Utah Consoll-
dated company OF Bingham in returning
TO the production class, and the follow"
ing statement OF George L. Walker In
his copper letter OF December S, will be
OF especial interest in view OF the siren
uous fight put UP by Walker for the
control OF the organization at the last
annual meeting:
Utah Consolidated is now shipping at
The rate OF about ala tons OF copper ore
Snd seventy five tons of lead ore daily.
and its output will gradually increase
during the coming year. Tho company
working force has been Increased TO AZ
men. Only little less than half the
miners employed arc constantly on eN-
plorajion and development work. Drifts.
crcsscuts and raises are being driven on
practically every level in the mine. with
a view TO finding more ore, and q cross
Gu; Is now being extended 10 explore the
upper portion OF the Highland Boy lime
stone, going west. where no work mas
ever been done heretofore. II ore is
found in that area Il is practically sure
10 be high in grade.
Copper Resources.
The copper ore being developed in The
deep Workings continues quite low IN
grade: but considerable portion OF II
rich deposit OF lead above the fourth
level in the Highland Boy mine gives
promise OF running into considerable
however, and whereas it was forty or
more feet wide Just above the disoov-
cry point il has narrowed down TO four
feet seventy or eighty feet higher up
The crosscut which is being driven 10
cut the Yampa lead ore deposit $50 feet
below the present WORKINGS should reach
that point the latter part OF next month.
IL is quite possible, however. that a
raise rnay ne put up 10 tcst he orc AT
point about zoo feet below the present
best showing.
among mining men that Utah Consoll-
dated does not own Xtra-lateral rights
on the Highland Boy and Nampa lime
stones In which Its ores occur, after they
dip beyond the north boundary Of rs
property. + have satisfied myself that us
ownership TO great depth OF cvery lime
stone belt outcropping on its property is
unquestioned and that X Will he able 10
n,ine these mineral bearing formations as
deep as they contain ore OF commercial
value.
Importance of Lead oye,
4 number OF correspondents have
asked me FOR information concerning the
lead orc smelling contract of the Utah
Consolidated company. This contract
was signed last May with the lnterna-
tional Smelling & Refining company,
the smelling companies operating in the
district II went 10 the lowest bidder.
il was fortunate that the lnernational
made the best bid, as the lead ore can
be scnt 10 that plant by. iramway direct.
saving freight charges,
The value Of Utah Consolidated stock
depends largely on the result OF inc eX-
plorgtorv and development work which is
being continued al the rate of about
20On feet monthly By this mean ihat
If no more ore were 10 pe found, the
stock would he worth less than It's pres
ent selling price. In view Of the tacts,
however that the mine has yielded net
profits OF $4,000. 600 OF more. and that tho
extensive development work Of the past
wear has added very heavily To It's orc
resources especially in the lead area
where values arc high. il is reasonable TO
expect that the company will earn ana
pay dividends for a great many years 10
come.