The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-07-26
WALKER ON THE
INSPIRATION
WeII-Known Writer Takes His
First Lock at This New
Property.
TWENTY MILLIONS
NET NOW CERTAIN
Believes Company Will Receive
Average of Fifteen Cents
for Its Copper.

George L. Walker writes from the In
spiration mine the following description
Inspiration has proved up approximate
ly %. 900. 900 tons OF 2 per cent ore by
churr drilling. TO which 1t will probably
add 5000 900 or 100000, and possibly
much more. considerable portion OF
Its area, some OF which has a fair pros
pect OF containing ore, has not yet been
drilled II the Black Copper and the Cor
dova ground are found tc be ore bearing
Inspiration may yet make r. 40. 000, ,0OO-
ton mine. Figured on the basis OF
$4,000. 900 tons. So per cent recoverable. a
IS per cent extraction OF the values In
the ore and a 13-cent copper market
Inspiration should ultimately make q
profit of $4,000 900. To accomplish this
however. It will probably be necessary
TO raise SO, 500, 600 10 S3,000,000 in addi-
tion TO the Sl.600.00 now In Its treas
ury.
ity concentration, now being considered.
will cost about $4,000, 900. To this must
be added the expense OF water supply,
shaft and equipment and several miles
These will cost lot of money, but In
my opinion the mine Is we'll worth 1t.
One Big Advantage.
Inspiration has an important advan-
tage In following, Instead OF leading. the
porphyry procession 1t VIII oeneil,
other companies having low grade con-
centrnling ore deposits which have thor
oughly tried out their mining and milling
systems This should enable It's manage
ment to work out more economical meth
DDS OF mining and concentration than II
otherwise could.
The Inspiration ore body is Of very
great extent being $500 feet long, 200 TO
feet thick. About 10000 600 tons OF 1t can
be extracted advantageously through the
long working tunnel already driven, and
the rest will have to be holsted only 100
10 100 feet. A few million tons could be
cxcnvatod by steam shoyels; but II is
doubtful II the amount OF such ore Is
great enough 10 warrant the installation
Of this kind of equipment,
Economical Mining.
II Is the aim of the MANAGEMENT to
cal methods OF mining and treating the
ore. While II is quite well satisfied that
profit OF 81 per ton can be made OH
123 to 13-cent metal market, which
means an operating cost Of about $3.50
per ton OF ore, 1t is endeaVoring to find
a way 10 save 25 cents more, and thus
add S5,000,0D0 To the company's ultimate
profits In this It is likely to succeed.
Careful calculations have made II quite
clear that II will be more economical
to pump water eight or nine miles TO the
eoit'Ht toI t!'an ~ pay ds HluCu as ~
cents ton freight OH the ore TO q mill
location where the water can be de-
veloped. The installation OF II pumping
plant and pipe line, however, would make
the first cost greater. Until the loca- :
tion OF the concentrator is fully deter
mined, very little more underground de-
vclopment work will be done The loca-
tion. position, size and grade of the ore
body are now known and il can be
opened up and made ready for extraction
while the proposed concentrator is being
erected.
l feel there is an excellent prospect
that Inspirations production may be sold
at an average price OF 10 cents pound
The company will not begin producing
for about two years and by that time the
depressing influence OF the large output
phyries will probab bly, have exhausted IT.
self consumption should then consider
ably exceed production, resulting IN much
higher metal prices.