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to T7:ny lot, IS:1G, fi•om tLe ~mrious ww~]:fags being 5,399.114 toes, having n <br />gross value of ti931,1~J1.S9; the nvernge value per ton being $41.05. The Com~ <br />yauy received during that yeriod sS'35,09G.58 from lessees ae royalty mr ore <br />shipped, and in addition to this, ~111,G(i] ~9 Las been received from ore mined <br />and shipped by the Company. A full nud deWriled account of the receipts and <br />expenditures for the yens will be foetid in the Secretary's reyort. <br />The louses ou the Chance vein expired ou the 3'Oth of April, and the <br />Company is now iu possession. An examination of the workings of the various <br />]eases on this vein made since that time, shows the stopes to bo iu a fair condition, <br />and much ~nm•e ore iu sight tLau we had reason to anticipate. life are rauuing <br />a level along the entire length of the ore clmte at 3011 feet from the surface. <br />It is safe to say- that there is ah•eady enough ore opened np above that level <br />to ]:cep n Imge number oti men employed for several ruouths. None of the <br />shafts mr the Chnuce vein being suitable fo3• deep or extensive mining, it was <br />deemed advisable to put down n l;uge working sLnft of sufficient size nud <br />strength for use to :my depth that may hereafter be required. The sinking of. <br />such abaft was commonoed~i d+mu+u•y ]net, and has now ranched n depth of n <br />little over 300 foot. Tho shaft is 5 by 15 feet in the clear, divided into three <br />com}~~m•tmeute, and strongly timbered. Tt is the purpose oT the presuut mamigo~ <br />menu to continue the oinking witLoat intermission until the shaft ranches a depth <br />of seven or night hundred feet. <br />Au entirely uuw phwt of hoisting nmeLiuery, having n enp+w~ty mnply <br />suf3}cieut for all uses until the workings tench a deptL oC 1,900 foot, Lus boon <br />pmeLnsed nail is now being put up nt thn new sluift. '19io uuw macLinery <br />consists of a 100~hmee•power boiler, iloublc•ilrum hoistm~, canprcesor, air drills, eto. <br />A boiler Louse ]urge amngh to LoLI bu•o ]OO~hm•sc•powm• boilora n»d thn neces~ <br />sury caul bias, has bane erected. <br />A very complete ehnft~Lonse Lus boon put np nrounil the new shaft and Loist <br />ing rmiehinery, nud the plans ]lava liocn ilrawn for m~ ore; Louse with not}ile bin <br />romp iwil floor epnoo nn which to put sampling machinery if, in the Future, it <br />is Found desirable to do so. '1'Le plnn6 when completed will bet a model ono, <br />and will give every facility for nn aconwniea] working of tLe property and <br />