MINEBK01067

• County: Ouray
• Document: Manager
• Suffix: A

for
ated
'The
rear,
of the Big Discovery stope. From the point of intersection, drifts
have been run for a distance of t4$ ft. in ore $ ft. wide and with
an average value of $;$o per ton. The Manager advised us that
the reef then pinched, and that, owing to the inaccessibility of the
tunnel he had decided to temporarily suspend wort: until direct
commuriication had been effected with the main workings of the
MineX
Ore Reserves•
the
~anied
lager,
of the
ctorily,
various
~e taken
iscovery
id level.
gas been
hickness.
ft. above
.re. The
the top
The Reports of Messrs. Hammond and Cox, show that, after
treating 66,8x$ tons of ore, the reserves were, at the 3oth April,
8i,33~1 tons of ore broken in the stopes and i ~2,oi j tons blocked out,
making a total of 223,35 tons in reserve, which, Mr. Hammond
estimates, will yield a profit of, approximately, X4.294,650, say
£880,05•
Extraction, Working Expenses and Profit.
From the Ure treated during the period under review an
extraction of qo per Cettt. of the values has been made, yielding
x9.5$ Per ton. The working expenses, including mining, milling, trans-
portation and smelting charges, taxes and all other expen er ton the
Mine, amount to ~;io.66 per ton, leaving a profit of .x[8.89 p
Plant and Machinery.
All machinery has worked satisfactorily dw•ing the year. A sum
of j i$,933 is. 6d. has been spent on additions and improvements to
the buildings and machinery.
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