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<br />C_~1i9~4/W MEMBERS:
<br />C ppRRESG;~KEN~RICK° DENVER. COLORA00 STOCK EXCHANGES,
<br />-- [ODES USED:
<br />BERG, A.O.C.,
<br />_ fOR~Mc NEILi MOREING&NEAL.
<br />----- 51ERR NNION. POSTAL- ROOMS nOTyxNG CxANGE SLOG. D
<br />>~jP/l7/UP/U~ji,O'fio4. 25th, 1901•
<br />~'
<br />i(
<br />--- ~
<br />- ear Sir:- - ~~
<br />Since the last quarterly report of The Kendrick and Gelder r ~
<br />~a,
<br />
<br />-------- Smelting Company was issued, showing assets of X2,145,032.24, there has
<br />ines and .-
<br />
<br />'
<br />een considerable more ore developed. Its property, including m
<br />lant at
<br />er i
<br />________
<br />p
<br />sreiter, are free and clear of debt. We have put on a pow
<br />and by spring
<br />t
<br />i
<br />er,
<br />n
<br />and will drive that actively this w
<br />7 level
<br />;
<br />e
<br />,
<br />j
<br />D,
<br />sro,~ld have the ore reserves doubled. This level v7ii1 develop the or
<br />3
<br />in no ,
<br />,
<br />.
<br />ur hundred feet below no. 3, and as we have sunk two winzes
<br />Yar
<br />o
<br />rd proven the ore to continue down, and the highest grade ore so
<br />+ill more than ? .
<br />~
<br />aned in the mines, we 2-Aave no question whatever that we v
<br />'------""
<br />7
<br />1C ~.
<br />p
<br />o.
<br />________ Duble t~ value of the ores on hand by next spring or summer.
<br />nd has passed through csr+-
<br />t
<br />, a
<br />unnel is in six 'r~ndred feet as a crasacu
<br />separate and. disiinct froze
<br />ineral
<br />f
<br />t
<br />,
<br />m
<br />o
<br />-------- iderably over one hundred fee
<br />The tunnel will intersect the Henrietta- ~'`°
<br />ire Henrietta-Lizzie vein-
<br />ithin probably thirty days. We have never figured this
<br />i
<br />--------'
<br />n w
<br />izzie ve
<br />in any of our statements given to our clients, although
<br />e bod
<br />y
<br />_.________ arge or
<br />e have valued it as something for future development.
<br />leas
<br />'
<br />_____ This large ore body contains gold and silver, with more or
<br />aterial witY. .
<br />-
<br />`~ead and copper. The most of the ore is a concentrating m
<br />silver, lead, and some cop°
<br />gold
<br />in
<br />rr
<br />-
<br />,
<br />g
<br />y
<br />-------- some high grade smelting ore , ca
<br />desirable and profitable. The company will now ~
<br />!ll
<br />er, an ore being very
<br />nitude and character of this vela.,
<br />rtxiin the maP
<br />---- ----
<br />< f
<br />,,,..
<br />-.,., to a~ng
<br />_
<br />_ ~.ssa
<br />'UIllWCII V-G Lit 11 oiuE, Y
<br />ch value as the main Henrietta-hizzie vein, as ~ -'
<br />_____ rich may prove of as mu
<br />____
<br />t is much larger where intersected.
<br />t bodies of ore It has several veins.
<br />company has grea
<br />--------- The
<br />ictur
<br />i
<br />the
<br />i
<br />~~
<br />e
<br />D y
<br />'
<br />of
<br />p
<br />n
<br />he Humboldt as you will notice
<br />in
<br />aend you
<br />~hich we
<br />a copy
<br />e 9
<br />a
<br />-
<br />,
<br />g
<br />financier oY September 5th, on p
<br />---"----
<br />es similar to the Henrietta. We
<br />_-_______ eparate wrapper, has surface appearanc
<br />7 tunnel will cross-cut to
<br />t So
<br />b
<br />.
<br />u
<br />ave not proven t3fis vein in depth,
<br />ll of this ore can be brought out and
<br />'t after we cut the Henrietta. A
<br />7 tunnel without hoisting and thus save `
<br />slivered at the mouth of 1Co.
<br />livered Prom there to the railroad track,
<br />d
<br />'
<br />-
<br />e
<br />hat expense, and can be
<br />r.N
<br />-----
<br />a suspension wire trarmxaY, the same as used by t
<br />b
<br />y
<br />____ _ 300 feet distant,
<br />f the district, at an expense of ten cents per ton.
<br />--- t
<br />hen 18.rge mines o
<br />e it coats ua X1.25 per ton tp take it by wagon haul, f
<br />--~_._. t the present-tim
<br />up the roads, making $1.50 per ton, and
<br />kee
<br />t
<br />~
<br />p
<br />o
<br />nd fully 25~ per ton
<br />day oY the year regardless
<br />ver ?
<br />-
<br />y
<br />- ith a tramway we xi7:1 deliver our ore e I
<br />f storms.
<br />our eatimatlon of values in the report of the company Jung
<br />-~ I
<br />n
<br />_ ,-_
<br />__ _ ~
<br />I~
<br /> ';~
<br />
<br />
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