MINEBK00511

• County: Teller
• Document: Manager
• Suffix: C

Office of
the Golden Cycle 1Vlining Company.
To lke Slockholders of the Galderz Cycle Mivtittg Company:
an ing Pros-
G6nTLC^ttN • ement of your Company feel that the stockholders should have the benefit of
The manag and therefore submitoive acfaithful Picture of
all their information concerning the property,
peetus, Non-residents will find the illustrations of interest, as they a
thePrOPerty' ort. of l~'lr. C. J. MoorQreat a ility andre¢ogu edcone
ineer of ~ o an ex-
Careful attention is invited tot e rep
inions were formed after spending sis weeks in the mine making
placed in his conclusions because Mr, Moore is an eng and in sight. This can be
servatism, His op
haustive study of its resources. We would call particular attention to th erocentlna month on
o ened uP
More than one million d 300rs worth of ore is alrea Y P even if the future develop-
a sum sufficient to pay dicidends of 1 P
mined at a net profit of $~0+
the par value of the stock during the next three and a hal years,
ained the ore bodies steadily increase in value. Tne ore in the lo~vestlevel-
ment of the mine should not reveal further resources. er art of the mine.
As depth is g
700 feet deep-is more than twice as rich as in the upP p. oineers
cal and minerological manifestation indicates the continuance o t to
eologi inion concurred in by other eminent ens
Every g th, an oP dross, or $931,000 net after deducting
values to the greatest dea t has amounted to $1,899,598 = as
cle in the past has been of a low grade,
Production in the p
freight and milling charges. the Golden Cy
Although the ore prodttced by ding higher. Mechanical devoreatly facilitate sorting
A washer is being installed
stated above, the values are constantly g
lion of the ore axe being multipolf fdeight and treatment charges 1 a so a
eat economy o is expected.
and result in a gr considerable saving now to the future: aring no device
and from this, too, a the mine perfectly, sP
resent conditioe 1 e1itlto first egmP accomplished that it only re-
So much for the P is already so nearly ment will be
It is the intention of this managhowever, ing dividends further develop
that will save time or labor. This, bile Pay whom at all
mains to complete the work now begun. rWer~ e accumulated. Front time to time reports o
actively prosecuted, and a largvellrbesPt Ulished and sent to the stockholders, to
ro erty that the ore bodies
the condition of the p P cle, as a lnatter of
times the books will bekind axe hazardous, and no onlnaY~e 1GoldenrtCy tY increase in value
Predictions of any indefinitely. th yet reached, but they the property
of a mine are going to continue greatest dep
fact, they not only continue to the of remark that in the Vindicator, continue -
and in volume. In this connection it is worthy
near future and may be expected to
adjoining on the north, the best values have been found at a depth of 90 ee .
article on the Golden Cycle in the "Min-
Dividends will be commenced in the very
indefinitely. it win be many
b quoting froln a very interesting
We conclude Y added to the hottont of rt, own, tt is
pf FeU. 25th. of continuin6 the shat d
ing Ittvestor» ~ but with a few hundred feet
rite ~.~
cle is a great urine today ro o*t9,
"The Golden Cy nt will add value to the p P
and every toot of dep hY to start three or four fair sired mines in husi-
times greater, and will rack with the wealthiest iv the entire State.
h veins opened up and ore in sig
understood, is to he started soon,
"The Golden Cycle has enoug ro erty in other directions are also entirely satisfactory.
Hess, and the appointments of the p P Very respectfully, IKFN pyesidettf.
JNO. T. MILI+
March 1, 1901.
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