White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-02-18
President Cole Declares That
Arrangements With Steptoe
Go. Will Be Welcome News
ORE RESERVES ARE GREATER
ANNUAL REPORT CONVEYS IN.
FORMATION THAT NORRIS
BUNKER HILL HAS TEN YEARS
ORE SUPPLY FOR SHELTER.

Publication of the annual report of
the Giroux Consolidated for the year
ending December 81. 1911 has been
delayed because of certain vital statis-
ties which could not be previously
compiled because the eompany's en-
gineers were detained by billiards
while enroute TO Duluth to attend the
stockholders meeting The doeu-
ment prepared by President Thomas
F. Cole contains much information of
interest TO the people of the Ely dis
triet.
Mr.. Cole states that explorations
during the last two years have
demonstrated that the Giroux does
not consist of one mine, but that the
extensive territory will show at least
seven large, seperate and distinct
mines. The significance of this
statement is apparent when It is con-
sidered that the contract with the
Steptoe company relates to produe-
ton from one of these mines only.
The report also indicates that the
Giroux has at this time more than
ten tons of fully and partially de-
yeloped ore of an average copper
content of per cent. and In ad-
dition thereto six million tons aYerag-
ing g. per cent in the red metal.
The president also calls attention
to the fact that on the basis of ship
ping only ores averaging ia per
cent, there Is blocked out in the Nor
ris-Bunker Hill mines alone more
than ten years ore supply of the
maximum daily production contem-
plated by their agreement with the
steptoe company at MeGil.
In discussing the arrangements
entered into for the treatment of the
Giroux ores at MeGill Mr.. Cole says
We deliver the ores to the Steptoe
company at the Morris shaft and the
Steptoe company arranges for the
TRANSPORTATION, does the eoneentrat
ing. and smelling and arranges for
refining. The rates and charges fof
the service and the conditions of the
arrangement are the customary ones
and are extremely fair and mutually
satisfactory to both companies and
will be advantageous to each Your
directors have formally approved the
contract and estimate that we can
make and market our refined copper
for about " cents per pound.
Your directors believe that the ar
rangements made with the Steptoe
company will be welcome news to the
stockholders of this company. be OF
considerable benefit to the Ely min
ing district and will hasten increased
mining operations in that camp. 1t
must be remembered that, If we had
concluded, at this time to enlarge on
coneentrator We would still be wit.
out smelling facilities and our con.
centrates would either have to be
smelted In the Steptoe Valley. .inyoly
ing a contract arrangement, or in
lieu thereof shipped to the lnterna-
tional smelter at Tooele, Utah, rr
elsewhere.
I'VE also believe that the establish
ment of closer business relations with
the Nevada Consolidated interest
in the Ely district. will be mutually
advantageous In many ways, To both
companies.
In order to get the property IN
shape for daily shipments of large
quantities of porphyry ores at the
earliest possible date, Mr.. Cole states
that 1t has been necessary for the
company to install sufficient hoist
ing plant at the Morris shaft, and to
build a railroad from that point to
the Nevada Northern railroad.
distance including sidings of 3,40O
feet
Continued on Page Four1