J O H A N N E S B U R G
J a n u a r y 5.
G old P r e m iu m .— S o u th A fric a h a s a b a n d o n e d th e gold s ta n d a r d a n d th e W itw a te rs ra n d m in e s are now e n jo y in g th e ben efit of th e gold p rem iu m . M ines w hich h a v e b ee n o p e ra tin g a t a loss o r a v e ry p rec a rio u s m a rg in of pro fit m a y n ow be able to m a k e som e r e tu r n to sh a re h o ld ers. T h e lives of all th e gold m in es w ill b e pro lo n g ed , a la rg e a m o u n t of a d d itio n a l m o n e y will be c irc u la te d , a n d m a n y m illions o f c a p ita l w ill soon b eg in to flow b a c k in to th e c o u n try . M ines w hich w ere closed dow n ow ing to th e h a n d ic a p im p o sed b y th e e x c h an g e w ill be reo p e n ed . I t h a s b e e n p o in te d o u t t h a t th e re is no rea so n to su p p o se t h a t th e S o u th A fric an c u rre n c y co st o f w o rk in g a to n of W itw a te rs ra n d ore, w h ich co st w as in N o v em b e r 18s. l i d . , w ill rise to a n y im p o r ta n t e x te n t or to a n y e x te n t c o m p arab le w ith th e im p ro v e d m o n e y v alu e of th e m ine p ro d u c t. T h e effect of a d e v a lu a tio n of, say, 25% w ould b e to b rin g dow n th e w o rk in g cost ex p re sse d in te rm s o f th e p ro d u c t, gold, from 18s. l i d . to 14s. 2d. A ccording to evidence s u b m itte d to th e Low G rad e Ore C om m ission b y th e C h a m b e r of M ines, th e effect on th e in d u s try of a re d u c tio n of 4s.
p e r to n w ould b e to m o re th a n d o u b le its life.
T h is w ould r e s u lt from th e fa c t t h a t th e m ines c o n ta in larg e to n n a g e s of low -grade ore a n d , if a sm aller p ro p o rtio n of th e gold p ro d u ce d be a b so rb e d in w o rk in g costs, it is o b v io u s th a t ore of low er g rad e can be w o rk ed . I t is e x p e c te d t h a t th e N ew Y e a r w ill w itn e ss im p o r ta n t d e v e lo p m e n ts on th e E a s te r n a n d W e ste rn se ctio n s of th e W it
w a te rs ra n d — ex te n siv e d rillin g o p e ra tio n s, s h a ft sin k in g to o pen u p d ee p levels, a n d p o ssib ly th e p ro sp e c tin g of c e rta in gold- b e a rin g farm s b y m e an s of d riv e s from a d jo in in g p ro p e rtie s.
R hod esian M ineral P r o d u ctio n .— I t is e s tim a te d t h a t S o u th e rn R h o d e sia ’s gold o u tp u t for 1932 is, in r o u n d figures,
¿3,000,000, th e h ig h e st for th e p a s t fifteen y e a rs a n d th e fifth h ig h e st in th e h is to ry of th e colony. T h e p e a k figure of ¿3,800,000 w as re a c h e d in 1915, w h en se v eral big m in e s w ere o p e ra tin g w hich h a v e since b ee n e x h a u ste d . T h e n u m b e r of p ro p e rtie s n ow p ro d u c in g in th e co lo n y c o n s titu te s a rec o rd . A n im p o r ta n t fa c to r in th e p a s t y e a r ’s
re s u lts h a s b ee n th e e n h a n c e d p rice of gold, b u t a m o re sig n ific an t a n d e n c o u rag in g fe a tu re is t h a t a n u m b e r of new a n d hig h ly - p ro m isin g m in e s h a v e b een o p en e d u p . T his is a d ire c t r e s u lt of th e s tim u lu s g iv e n to m in in g e n te rp ris e b y th e gold prem iu m . L a s t y e a r ’s o u tp u t b rin g s th e to ta l from the gold m in es in th e co lo n y since th e B ritish o c c u p a tio n u p to ov er ¿80,000,000. A m ore o p tim istic view is ta k e n o f th e b a s e m in e ral p ro sp e c ts, in p a r tic u la r a sb e sto s, w hile it is h o p ed t h a t a re c o v e ry o f th e co p p e r m a rk e t a n d of a c tiv itie s on th e n o r th e r n co p p e r belt m a y le a d to th e re s u m p tio n o f n o rm al w o rk on th e W a n k ie coalfields. N o rth e rn R h o d e s ia ’s m in e ra l r e tu r n s for th e eleven m o n th s o f th e y e a r a re m o re t h a n d o uble th o s e for th e J a n u a r y -N o v e m b e r p e rio d of 1931, th e figures b ein g re s p e c tiv e ly ¿2,345,000 a n d ¿1,063,063.
D ia m o n d In d u stry .— S ir E r n e s t O ppen- h eim er, c h a irm a n of D e B e ers C o nsolidated M ines, p o in te d o u t in th e co u rse of h is review a t th e a n n u a l m e e tin g of th e c o m p a n y th a t, w hile som e fall in th e p rice of d ia m o n d s was u n a v o id a b le , it h a d b e e n b u t a fra c tio n of the d ro p in o th e r co m m o d itie s a n d d ia m o n d s w o u ld s ta r t , th e re fo re , w ith a m u c h b e tte r p rice le v el w h en a re c o v e ry cam e ab o u t.
“ D ia m o n d p ro d u c tio n in S o u th A fric a ,” he a d d e d , “ h a s e ith e r ceased or b e e n m a te ria lly re d u c e d a n d th is h a s effected th e sm all im p ro v e m e n t in th e d ia m o n d m a r k e t w hich h a s b een e v id e n t for th e p a s t th re e m o n th s .”
A lth o u g h th e p a s t y e a r w o u ld alw a y s be re m e m b e re d as one of e x c e p tio n a l distress, h e w as co n fid e n t t h a t it w o u ld u ltim a te ly be looked b a c k u p o n as h a v in g seen th e tu rn of th e tid e in th e d ia m o n d in d u s try . I n no y e a r in th e p a s t h a d such s tu p e n d o u s efforts b ee n m a d e to p u t th e in d u s try on a firm b a s is - a n d th ro u g h th e c o -o p e ra tio n o f th e o u tsid e a n d C onference p ro d u c e rs th e D iam o n d C o rp o ra tio n w as in a p o sitio n to offer goods for sale o n ly as th e m a rk e t re q u ire d th e m a n d ste a d ily to p u rs u e a policy of m a in ta in in g p rices.
N ew C o a lfield .— I t is r e p o rte d t h a t large coal seam s h a v e b een d isc o v ered in th e A le x a n d ria d is tric t, n o t fa r fro m P o rt E liz a b e th . A p p a re n tly th e d isc o v e ry h a s no conn ex io n w ith th e o n ce -p ro sp e ro u s coal a re a s of S to rm b e rg a n d M olteno, w h ich are sev eral h u n d re d m iles d is ta n t a n d w h ich , on ac c o u n t of th e p oor q u a lity of th e ir p ro d u c t, h a v e a lm o st ceased to o p e ra te . LTntil th e U n io n th e m in es on th e se a re a s u se d to tu rn o u t a ro u n d 200,000 to n s a n n u a lly , b u t to -d a y
F E B R U A R Y , 1933 95
96
w as 51,208 ft. T h e d rillin g in th e R io G ra n d e se ctio n h a d re v e a le d ore of a good av e rag e v alu e . T h e q u a n t ity o f ore tr e a te d a t th e m ill d u rin g N o v em b er, 1932, w as 62,966 to n s a n d th e re su ltin g c o n c e n tra te s 12,168 to n s. T h e b ullion rec o v ered c o n ta in e d 5,213 to n s of le ad , w o rth £63,772, a n d 244,125 oz. of silver, v a lu e d a t £19,835, th e to ta l v alu e o f th e m o n th ’s o u tp u t th u s bein g £83,607. D ev e lo p m e n t w o rk in th e sam e m o n th c o n tin u e d to p roceed sa tisfa c to rily , p a r tic u la rly in th e B lac k S ta r section, w here ex te n siv e p r e p a ra tio n s are bein g m a d e for a sto p in g c a m p a ig n on a la rg e scale. T h e new sm e lte r is ru n n in g sm o o th ly a n d gives pro m ise of bein g ab le to tu r n o u t 100 to n s of le ad d a ily u n d e r n o rm a l co n d itio n s. T h e in s ta lla tio n of th e M ay jigs in th e m ill h a s b een p ro g ressin g s te a d ily a n d th e se w ill soon b e in com m ission. D ia m o n d d rillin g h a s b een co n tin u e d u n d e rg ro u n d a n d I. 38 v e rtic a l hole w as c o m p leted a t 137 ft.
6 in., p ro v in g th a t th e ric h s tre a k s en c o u n te re d in G. 37 cro ss-cu t p e rsis te d in d e p th a n d t h a t th e ore of low er g rad e w as re p la ce d b y p y ritic m a te ria l.
The New C racow F ield. — A co m p re h ensive re p o rt on th e new Cracow goldheld, in C e n tral Q u een slan d , b y a S ta te G o v ern m e n t geologist (Mr. A. K . D en m ead ) h a s ju s t been issued, ac co m p an ied b y n o te s th e re o n b y th e Chief G eologist. F ro m th e se it is g a th e re d th a t a large a m o u n t of p ro sp ec tin g , b o th su rface a n d u n d e rg ro u n d , is re q u ire d befo re th e p o te n tia litie s of th e h eld c a n b e g au g ed a n d befo re reliab le e s tim a te s c a n b e m a d e of th e a m o u n t of m illing ore av a ila b le . T h e m o re im p o rta n t finds com prise th e original h ig h -g ra d e sh o o ts of th e G olden Mile q u a rtz o se fo rm a tio n a n d th e rich a n d large, b u t n o t as y e t fu lly d elim ited , k ao lin ore- b o d y of th e G olden P la te a u . T h e G olden P la te a u , w hich h a s d ev e lo p e d th e la rg e st re se rv e s of ore, is, a t a n y r a te , e x p e c te d to b e a p ro d u c e r for a n u m b e r of y ears. All of th e larg e bodies of q u a r tz a re now bein g te s te d a n d th is w o rk will p ro b a b ly occupy a b o u t six m o n th s . A lth o u g h a la rg e a re a in th e v ic in ity of C racow h a s a lre a d y b een p ro sp ec ted , f u rth e r discoveries of p a y a b le gold, Mr. D e n m e a d say s, are “ w ith in th e ra n g e of p o ssib ility .” O n th is field th e re are u n d o u b te d ly h ig h -g ra d e ores, as w ell as som e of a v e ry low g rad e , th e la tte r p e rh a p s n o t tr e a ta b le a t a p ro h t, b u t as y e t it is to o e a rly to m a k e a reliab le fo re ca st of w h a t w ill be its
fu tu re .
M ount M organ, Ltd.— T h e a c tin g c h a ir
m a n , a t th e a n n u a l m e e tin g of M o u n t M organ,
L td ., h e ld in S y d n e y la s t w eek, to ld th e s h a re h o ld e rs th a t, b a s e d on th e p re s e n t p rice of gold, a p ro fit of £2,500 a w eek, o r £130,000 a n n u a lly , is e x p e c te d b y th e e n d o f A p ril nex t, w h en th e p la n t w ill b e h a n d lin g 3,000 to n s of ore w eekly. E v e n a t th e n o rm a l p rice o f gold th e e s tim a te d p ro fit is £40,000 a y e a r. The p ro fit b y th e en d of A p ril, it w as a d d e d , will be in th e v ic in ity o f £17,000. T h e p rese n t c o m p a n y is n o lo n g e r tr e a tin g d u m p s, as it h a s b een d o in g since its fo rm a tio n , b u t is now d ea lin g w ith th e ore t h a t is b e in g m ined.
W ith th e successful d e m o n s tra tio n of selective flo ta tio n , Mr. C a m p b e ll said , th e c o m p a n y is e n e rg e tic a lly a tta c k in g th e m a in ore-body, c o n sistin g of 8,000,000 to n s o f ore, e s tim a te d to c o n ta in 1,153,600 oz. o f g old, a t 85s. an ounce (£54,092,800), a n d 123,840 to n s of c o p p e r, a t £40 a to n (£4,953,600). I t is p o in te d o u t t h a t, h a d th e science o f m e ta l
lu rg y re a c h e d its p re s e n t sta g e of d ev e lo p m e n t w h en th e old c o m p a n y d e c id e d to w in d up, th e m ine w o u ld n e v e r h a v e b ee n clo sed dow n a n d t h a t as a co n seq u e n ce A u s tr a lia w ould h a v e b ee n se v e ra l m illion p o u n d s ric h e r. The c h a irm a n also affirm ed t h a t th e re c o rd s of the old c o m p a n y (M ount M o rg an G old M ining C o m p an y , L td .) show ed in d is p u ta b ly th a t th e re e x is t in th e m in e k n o w n rese rv e s of m o re th a n 8,000,000 to n s o f ore, assay in g 4-37 d w t. of gold a n d 1-7% of co p p e r.
M o u n t W a n d o o G o l d M i n e . — M r. A le x a n d e r M acd o n ald , th e h o ld e r of the M o u n t W a n d o o lease, n e a r C hillagoe, N o rth Q u ee n sla n d , h a s fu rn is h e d to th e m ining w a rd e n for th e d is tric t a re p o r t on o p era tio n s a t th e m in e u p to th e e n d o f N ovem ber.
A t t h a t tim e th e m a in s h a ft h a d b e e n su n k to 187 ft., b u t sc a rc ity o f w a te r h a d n o t only ca u se d first th e c u rta ilm e n t a n d th e n the su sp en sio n of w o rk for a tim e in th e sh a ft, b u t also h a d p re v e n te d th e s ta r tin g o f the b a t te r y a n d tr e a tm e n t p la n t, w h ic h is now re a d y for use a n d w h ich Mr. M acdonald co n sid ers to b e e q u a l to a n y of its k in d in Q u ee n sla n d . H e likew ise s ta te s t h a t th e ore in th e b o tto m of th e s h a ft h a s show n n o signs of d im in u tio n in v a lu e s a n d t h a t th e last a ssa y gave a r e tu r n of 8 oz. of gold fro m the c ru d e ore a n d 12 oz. in th e c o n c e n tra te s . A n e a s t level, w hich h a s b ee n p u t in a t th e 125-ft. m a rk a n d e x te n d e d to 85 ft w as d riv e n for th e la s t 50 ft. on a n o re-b o d y a v e ra g in g in w id th fu lly 6 ft. a n d b u lk in g o v er 1 oz. of fine gold p e r to n in th e cru d e.
In Mr. M a cd o n a ld ’s opin io n th e in d ic a tio n s w ere th a t th e level w as e n te rin g a n ore zone of g re a te r w id th th a n a n y p re v io u sly , th e
F E B R U A R Y , 1933 97
98
F o r th e nin e m o n th s e n d e d S e p te m b e r la s t th e c o m p a n y show ed n e t e a rn in g s a f te r all d e d u c tio n s o f $523,427. T h e co m p a n y e n te re d th e y e a r 1932 w ith in v e n to rie s of n ic k el to ta llin g 2,888,466 lb., b u t th e opening u p of new m a rk e ts e n a b le d th e c o m p a n y to dispose of th e se larg e sto c k s a n d it becam e n ec e ssa ry to in crease p ro d u c tio n to ta k e care of th e grow ing d e m a n d for n ick el. T h e r e c e n tly co m p leted a d d itio n to its p la n t is in s te a d y o p e ra tio n a n d o th e r u n its w ill be o p en e d e a rly th is y e a r. I n th e S w ayze gold a re a th e K irk la n d H u d so n B a y M ines w ill co n d u c t a d ia m o n d -d rillin g c a m p a ig n on th e D a rra g h g ro u p of claim s, on w h ich som e ric h show ings h a v e b ee n disclosed.
T h e H alc ro w S w ayze M ines h a s u n co v e re d fo u r p ro m isin g v ein s show ing free gold. T h e K e n ty , w h ich h a s b ee n sin k in g a s h a ft b y h a n d steel, is now in sta llin g e q u ip m e n t p r e p a r a to r y to c a rry in g o u t a n e x te n siv e p ro g ra m m e of d ev e lo p m e n t.
P orcu p in e.— T h e H o llin g e r gold m in e is a ssu re d of a co n tin u o u s su p p ly of ore for m a n y y e a rs to com e, acco rd in g to th e re p o rt of D r. L. C. G ra to n , P ro fesso r of M ining G eology of H a r v a r d U n iv e rsity , w ho m a d e a n e x h a u stiv e e x a m in a tio n of th e geological c o n d itio n s of th e p ro p e rty . H e w as co n v in ce d of th e c o n tin u ity of th e d ep o sits to a c o n sid e r
able d e p th below p re s e n t w o rk in g s a n d p ro n o u n ce d th e H o llin g e r one of th e g re a te s t gold m in es of th e tim es. D om e M ines, L td ., re p o rts b u llio n p ro d u c tio n in D ec em b e r v a lu e d a t $322,284, a slig h t gain o v er th e
$321,089 for th e p re v io u s m o n th . O re to n n a g e tr e a te d a n d th e av e rag e g ra d e show little ch an g e from N o v e m b e r’s r a te , w hen 45,650 to n s of th e av e rag e g ra d e of $7-02 w as m illed. D u rin g th e y e a r th e b u llio n o u tp u t re a c h e d a v alu e of $4,030,296, a n in c re ase of a p p ro x im a te ly $556,000 ov er th e $3,474,000 for 1931. D u rin g th e p a s t y e a r new h ig h -g ra d e se ctio n s w ere o p en e d u p , w hich m a te ria lly in c re ase d th e a v e rag e g rad e of ore tre a te d . D ev e lo p m e n t on th e low er levels o f th e M c In ty re is pro ceed in g w ith s a tis fa c to r y re su lts, p ro d u c tio n is b ein g w ell m a in ta in e d , a n d th e d ire c to rs fe lt w a rra n te d in d ec la rin g th e u su a l e x tr a d iv id e n d of 12^- cen ts. G ood pro g re ss h a s been m a d e in th e sin k in g of th e w inze fro m th e 3,750-ft. level on th e M c In ty re to o pen u p 19 new levels below th a t h orizon. T h e p la n t b e in g in sta lle d a t th e 3,750-ft. level for th e second sta g e of m in in g is sim ilar to t h a t on th e surface, a lth o u g h th e h o ist is a little sm aller. V ipond C o n so lid ated for th e q u a r te r en d in g D ec em b e r 31 p ro d u c e d
b u llio n to th e v a lu e o f $125,900 fro m 27,719 to n s of ore m illed , as c o m p a re d w ith $103,157 fro m th e tr e a tm e n t of 27,096 to n s of ore.
G ross p r o d u c tio n for th e y e a r to ta lle d
$472,474 fro m 87,200 to n s, w ith a n average re c o v e ry of $5-42 p e r to n . S o u th K eora M ines h a s re su m e d o p e ra tio n s on its p ro p e rty . A d ia m o n d -d rillin g c a m p a ig n is now being c a rrie d o u t to confirm th e re s u lts o b ta in e d in e a rlie r w o rk , w h en d rill co res r e tu r n e d high v a lu e s in gold o v er c o n sid e ra b le w id th s.
K irkland Lake.— T h e L a k e S h o re re p o rts b u llio n p ro d u c tio n o f $3,110,000 fro m 205,187 to n s of ore m illed fo r th e th re e m o n th s ended D ec em b e r, as c o m p a re d w ith $3,032,000 from 204,645 to n s fo r th e p re v io u s q u a r te r. The r e c o v e ry w as a t th e r a te o f $15-15 p e r to n , as a g a in st $14-81. F o r th e y e a r th e m in e ’s o u tp u t of b u llio n w as of th e v a lu e of
$12,495,076, a n in c re ase o f $1,422,382 over th e to ta l of $11,073,694 in 1931. The c o m p a n y is m a in ta in in g a n e x te n s iv e p ro g ram m e of m in e d e v e lo p m e n t a n d it is sta te d th a t th e ore v a lu e s a n d to n n a g e s a re increas
in g a s w o rk p ro ce ed s d o w n w ard s. A t th e W rig h t-H a rg re a v e s th e N o. 3 s h a f t is down to 3,900 ft. a n d N o. 4 s h a f t to 3,710 ft. and i t is e x p e c te d t h a t b o th w ill b e c o m p le te d to 4,000 ft. b y F e b r u a r y , w h en e x te n s iv e la te ra l w o rk w ill b e u n d e r ta k e n to d e v e lo p th e ore- b o d ies in te r c e p te d b y d ia m o n d d rillin g . On th e 3 ,000-ft. h o riz o n c o n sid e ra b le d evelop
m e n t w o rk h a s b e e n c o m p le te d a n d sections a re s ta te d to h a v e r e tu r n e d ric h assay s. It is e s tim a te d t h a t th e c o m p a n y h a s ore rese rv e s in excess o f 1,000,000 to n s, o f the a v e ra g e g ra d e of $14 p e r to n . T h e Teck- H u g h e s h a s e n c o u n te re d m in e ra liz a tio n in a d ia m o n d -d rillin g ca m p a ig n u n d e rta k e n to ta p a v ein com in g in from th e L a k e Shore, b u t n o a ssa y s a re y e t a v a ila b le . W o rk on th e low er le v els is m e e tin g w ith encouraging re su lts, ore of a good g ra d e h a v in g been o p en e d u p below th e le a n se c tio n s. The S y lv a n ite w ill en larg e th e scope o f its op era
tio n s. T h e s h a ft w ill b e c o n tin u e d do w n from th e 3,000-ft. to th e 3,5 0 0 -ft. le v e l a n d four new levels o p en e d u p . I t is also p la n n e d to c o n tin u e th e p ro g ra m m e of u n d e rg ro u n d e x p lo ra tio n . O n th e 3,000-ft. le v e l th e n o rth v e in h a s b ee n d r ifte d on for 400 ft. a n d shows a v e rag e v a lu e s of $10 a to n . W o rk is also b ein g p u sh e d on th e 2,500-ft. h o rizo n , w here ric h ore se ctio n s w ere lo c a te d a s h o r t tim e ago. T h e M iller In d e p e n d e n c e , in th e B oston C reek a re a , h a s a c q u ire d th e ad jo in in g p r o p e rty of th e A llied G old M ines. A c a la v o rite vein on th e c o m p a n y ’s p ro p e rty
F E B R U A R Y , 1933 99
h a s b een tra c e d in to th e A llied g ro u n d a n d th e old s h a ft is b ein g d e w a te re d in p r e p a ra tio n for a re su m p tio n of o p era tio n s. T h e B a rry -H o llin g e r h a s le t a c o n tra c t for 1,500 ft. of d ia m o n d drillin g below th e b o tto m level. A t th e M asassa w o rk is p ro ce ed in g on th e new level abo v e th e d riv e a n d som e good ore h a s b ee n e n c o u n te re d . A new raise is going u p to o pen u p a m in e raliz ed section.
O ther O ntario G old field s. — I n th e M a tach ew an a re a th e A sh le y is now on a re g u la r gold sh ip p in g basis. T h e w ork in g s a re b ein g ca rrie d to low er d e p th s , a w inze h a v in g b een p u t dow n to th e 750-ft. level.
T h e new ore w h ich is bein g open ed u p show s a n im p ro v e m en t in g rad e, m ill h e a d s d u rin g D ecem ber av e rag in g $18-76 p e r to n . T h e Bloom L ake C onsolidated M ines h a s th re e g ro u p s of claim s w h ich w ill b e th o ro u g h ly te s te d b y d ia m o n d d rillin g to a d e p th of 1.000 ft. T h e Moss Mine in th e T h u n d e r B a y d is tric t, w h ich re c e n tly e n te re d th e p ro d u c tio n sta g e, is m illing ore a t th e r a te of 150 to n s p e r d ay . Good p ro g re ss is bein g m ad e in d e v e lo p m e n t w o rk a n d a new h ig h - g rad e sectio n h a s b ee n o pened u p on th e 625-ft. level. P re p a ra tio n s are u n d e r w ay for th e d ev e lo p m e n t of th e Cole p ro p e rty , in th e R e d L ak e a re a of th e P a tric ia d istric t.
A m in in g p la n t sufficient to sin k a s h a ft 1.000 ft. h a s been ta k e n in. S urface show ings a re c o n tin u o u s a n d ex ten siv e, c a rry in g good v alu es. T h e B a th u rs t, o p e ra tin g in th e W o m an L ak e are a , h a s m a d e its first sh ip m e n t of gold, v a lu e d a t $7,500. T h e s h a ft h a s b een p u t dow n to th e 250-ft. le v el an d m u c h la te r a l w ork done.
N orth-W estern Q uebec.— T h e N o ra n d a h as in creased th e c a p a c ity of its c o n c e n tra to r from 1,000 to 2,000 to n s d aily , giv in g th e m ine a to ta l c a p a c ity of a b o u t 4,000 to n s daily. T h e o b jectiv e of th e m a n a g e m e n t in increasing c o n c e n tra to r c a p a c ity is to enable th e m to tr e a t m ore ore of low er co p p er a n d h ig h e r gold c o n te n t. T h e re are large bodies of ore hig h in copper, w h ich are being h eld in reserv e u n til th e c o n d itio n s in th e co p p er m a rk e t a re im p ro v e d . T h e Siscoe d u rin g D ecem b er p ro d u c e d bu llio n to th e v alue of $87,398 from th e tr e a tm e n t of 5,563 to n s of ore of th e av e rag e g rad e of
$16-09 p e r to n . F o r th e y e a r 1932 th e c o m p a n y ’s p ro d u c tio n w as in excess of
$1,000,000. T h e c o m p a n y is now engaged in a p ro g ra m m e of m ill en la rg e m e n t, w hich will b rin g th e r a te d c a p a c ity u p to 225 to n s
p e r d a y , as co m p a re d w ith th e p re s e n t r a te of 175 to n s. T h e new H a d se l m ill of th e G ra n a d a , w h ich r e c e n tly w e n t in to o p e ra tio n , is w o rk in g sa tisfa c to rily a n d w ill b rin g th e m ill c a p a c ity u p to 150 to n s daily. Good re s u lts are bein g o b ta in e d from th e d eep d e v e lo p m e n t p ro g ra m m e . T h e c o n tin u a tio n of No. 3 vein h a s b een e n c o u n te re d in a cross
c u t on th e 1,225-ft. level. Mill h e a d s are a v e rag in g a ro u n d $14 p e r to n . A t th e P a n d o ra , in th e C adillac are a , good v alu es h a v e b een e n c o u n te re d on th e 250-ft. level.
T h e g rad e of th e ore shows-some im p ro v e m e n t w ith d e p th . T h e B e a ttie h a s n e a rly c o m p leted th e c o n s tru c tio n of its m ill a n d o p e ra tio n s a re sch ed u led to beg in in M arch. T h e sh a ft
T h e g rad e of th e ore shows-some im p ro v e m e n t w ith d e p th . T h e B e a ttie h a s n e a rly c o m p leted th e c o n s tru c tio n of its m ill a n d o p e ra tio n s a re sch ed u led to beg in in M arch. T h e sh a ft