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1VIANAGER'S REPORT '' <br />f' <br />"1'u llre /'resident of the IdnLu Springs Gald Producing is <br />,` <br />Conr pan i': <br /> 1Jrne Sn<-I take pleasure in submitting Yo you my <br />-cX° ~ report for the year ending August i, t9o3. <br /> { The total development of the property is- noo as <br />:o-~~ follows <br /> k~ <br />I' eet. <br />x>-oc. \Vinze, drift, cross-cut on SIry Rocl:eC........... y~ <br />Marx, `_ \-Lain tunnel on Torpedo ..................... I,oj2 <br />'Fi.,$ !~' <br />' llrift off above tunnel ....................... 79 <br />}6-,0 ! 71mne1 on Sky Rncl.et ...................... +t r ~ <br />~j-3~ ~ \Vinze near portal of Torpedo tunnel........... to r <br />3c.+o i; \\rinze (3:}o feet from portal) ................. td <br />i+.t~ K' raise on Slay Rnd:et ........................ t6 <br />r [ ..}~ -- <br />io.oo t. Total development ........................ t, j8o <br />3.36 Of this o-e have driven rhuing the year just closing <br /> <br />- <br />F:. r <br />Gt 3 feet, ak a total cost, as shown on separate statement, of <br />a3.oo ~a~.o( per foot, as against 60[ feet at a total cosC of <br /> ~a6.3o per foot for the development work clone prior to <br />~ oo the year just closing. O~r this development work j36 feet <br />,3.0~ ~,cere driven with the machines in t:}_ shifts, malting an <br />,o 00 ~- average of 3 }-3 feet per shift, as against an average last <br /> ~` <br />~ year of 3 t-3 feet per shift. In considering these aver- <br /> ~; ages you must remember that the tunnel is \TOT being <br /> ~~ driven on the vein, that the rock has been exceptionally <br />w.oo <br />to.oo <br /> <br />hard, and that water was very scarce. <br />__ 'Che tunnel is now in r,oy~ feet, and its breast has <br />,_ no ~f attained a vertical depth of more than 30o feet. In driv- <br /> ing an additional t.3oo feet to the south end line of our <br /> property Che breetsC will attain a vertical depth of about <br />lu. <br />I qt2 feet. <br /> 4 <br />I:{ <br />