The Calumet news., 1912-08-29
ANNUAL REPORT
OF SHATTUCK
Company In Good Condition Ore
Reserves Growing

fNCeltnl Hndft TAI Nontltlon an
rapid progress are shown In the annua
report of the Shattuck Arizona Cop
per company for the fiscal year endinl
July 81. 1912. which was distributed {,
the stockholders Of the company thl.
week.
on Aug. I. 1872. ,he company ho,
cash In hand to the amount of S277,
S50.S5. The amount due fer ores solo
was S51.62S.22, bills receivable, $4,000.
accounts receivable$1,37S16. supplies
$l9.se415. and prepaid Insurance. $i5l-
The items, aggregating S39i2s2.iS to-
gether with the cost of the mining
property, s3,O22 500. and OF all the
equipment. made a total OF assets o.
S3.5lS.605.22.
President Thomas Bardon reports
that the estimated cost of the proposed
4OO-ton smclter is 100000. He says
the company has secured 25l-aCrc
site for the new plant at Douglas, not
far from the Calumet ~ Arizona and
Copper Queen smelters.
Mr.. Bardon says the lead ere that has
been found in the Shattuck property
will be very valuable, but ne canno'
yet give any estimate of what its value
win be- He says some Of the or,
was shipped TO the smelters at II Paso
and the net returns amounted 10 Sl0|
ton.
Supt. Arthur Houle reports that tho
entire cost of the new smolter plant at
Douglas will be returned 10 the com
pany within two years i'm the sayins
over the present smcltcr charges paid. !
Speaking Of the continual nndins OF
additional ore reserves, Mr.. Houlc re-
ports that In Crosscut No. IS, on The !
400 level, the advance has been TWEEN
ty-one feet. all the way IN fine car
Donate copper. asSaying better tnau
9 per cent copper. lie says IL is cyi-
dent that large body is being opcnci
up i'm that direction. He also observes
that drillinC is being done in good ore
in Crosscut No. l6 on the SOC level
He says that indication are that tbs
will be one Of the largest ore bodies
yet found in the mine.
MI Houle also mentions the big or,
body discovered on the 400 level and u
the vicinity of crosscuts and II. This
body he says. has been partially Gee
veloped for a distance of $50 feet. ay-
eragiug about sixty feet in width and
has proven 10 be more than 100 feet M
heighth He says this body carries
good ore values. He remarks that be-
tween the 800 and 400 lovels II has bet
ter silver values than have set been
developed in tine mine.
Mr Huule recommends that dcvol
,pmeut Doe conducted on the lower {
eve's 60 procure sulphidcs He OBJ {
serves that ne mine has an abund- =
lnce Of oxide ores aud says that fOr .
economical smelling there should De- q
, larEer development OF eulphidcs tEau II
there Is al present. h
The development during ihc past D.
year Mr.. Fcule SAYS. has been boo {
tween the SEQ and 6Oo-foot Levels o
While prosecuting it. 3ogi tons of orc ,
we're produced without stoping ans lI
rhe average percentage OF copper io In
mis- ore was 20Si per cent Pounds OF 70
'opper recovered were l.253 .3o5. su c
'er. 2ioOS ounces end sold 70 ounces e
While conducting development. tb, n
company made a gross pront Of S4S,- d
.65.3S C.
General Nanaror l., G.. Sbattuck re- n
,orts that the plans for the now smell d
or az Douglass VIII De- ready 10 In %
ite bids for construction about sept. ] t
he advises that in case the deposits or q
cad ores continue 20 come to light ID
, lead ia ket OF hfty tons caracitl bc v
Idded 10 the smeler. lie SAYS IL can h
,e done ~ q cost Of $4,000 and lead
res that net $40 az El Paso smctcrs O.
would net 81 to the Shattuck com D
ANY when treated In its own pllrt. "
Mr Shattuck estimates that the 10
0mpany has Increased its orc reserve, n
20 o0o tons of no per cent copper dur D
ng the fs al year. He says TINT "a" D.
cad carbonate. comparatively nau 20
eyel"pment IN the property, has been b.
ound iu a good sized body between fEe D.
90 and 300 foot levels and i sInua' O.
o lead ores found along the Czal 81
ault In Copper Queen territory lie
bsetycs that further Development p,
cad orc is expected between tha 500
nd 2oo-foot levels. IIc s1vs that Ny. Q
crosscut has been productive Of col
idersble copper glance