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t, <br />+ ~i <br />J <br />z '~ g <br />1 D <br />~] <br />~~I <br />l,t,l I THF, MINES. <br />4~i~ ~, ~~ <br />Pnrticnl+ars as to dovolopmeuta, milling, &e., will be found in Mr. H~az¢ox's <br />I I ,- <br />Report• A table is appended giving the results of crushings for the period under <br />1~' i' review. Prom this it will be seen that 85 (~G tons of ore have been milled <br />ing bullion to tho value of ~i85G,OG4.50, or au average of $i0,gg per ton, at a cog <br />of `v~"501, r4i.G7, or an average of ~i5.85 per ton ; resulting in a profit of ~354,31G.83, <br />oi• au moorage of X4.13 per ton. The figuros in this table relate only to bullion <br />actually realised, and the espouses incidental thereto. Those given by Mr• Ht;zti:on <br />iu his Roport include recoipts and expenses from other sources, which aooomrta fox <br />the diifereuce between the two statements. <br />Tomboy proper. In the original property of the Company, 61re Tomboy Mine <br />proper, only re limitod arnouut of dovoloptnout work has been dono during tho yogi, <br />and the ore miuod has peen of a low grade. <br />The Argentine.-During this period, hoverer, the Argentine property has <br />'~' ' opened up in a highly satishactory rnauuer, frilly justifying the opinion expressed <br />~;rt., '' <br />{~ b3' 1141'• I3r,tutos as to its valua. It has produced 35,408 tong of oro during the <br />,VOmr, yielding ~p534~ 79G.g7 m• au overt r <br />lzaavo averabred mz] ~ tE,e of X1010 per ton, zshilo the expenses <br />3 $'iG.80 per ton, ]caving' au avervt e n•ofit of <br />TLo tunnol whio$ i9 being run throe, g 1 98.24 poi ton. <br />G'loud Chtim, and the discover , gh this property hag penetrated to the Red <br />ooufirtr' the existence of Jrw,o of fresh oro-bodice apt this point goes far to <br />plan and sections vhioh aowm~anand valumblo stoping-grmtnd overhead. 'The <br />I and the most recent developments o rtuhe Cotnpuny's pr 1 et~tlostion of this tunnol, <br />The Clncinauti.-'1'ho option to purchu9e this property wag oxorvisod in <br />April lust. Apart frmn its intrinsic value ass a ntiniug pcopositiozr, its.poaition <br />with rognrd to the Arg'ontitzo uud ltod Uloud propur'tios rondflz'ed rte acquisition <br />1 highly d0911'ablfl. <br />