Timmins Newspaper Index

Porcupine Advance, 7 Jun 1928, 1, p. 2

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xc ol * Rockies=â€"a land of mysteryâ€" ~~ of towering, ageâ€"old mountain ranges. Stop over at J asper National Parkâ€"enjoy its.su P s hotel serviceâ€"tennis~â€"go : ‘hikin andmountainclimb g., ; , \mnic ~;.:r?.-.-- ‘ M le "v‘ ‘Tour-â€"nloniflxe mysticiSkeena;-;, _ to Prin sfiemtâ€"-by bgt:"_ Take al baat trlp tof C aakaâ€"- x Tand of the MidnightSun=see . ihe Taku Glacier and he other;‘ _ northland scenes. ( _ 1 Ask any. Canadian National 5. ways Agent for informa:" _ tiog and: illusmted literature;;f a â€".on these tours. : â€" $ /A ;NJOY real sumn‘mr vnca- \ JJe tion, Visit the playgrounds‘ _ _,ofCanadas wonderful Westâ€" :: ‘travel across the great central. _ Aglaina to the heart of the P47 â€"’_‘ T of drif ts .of whch 12,300 féet was dmvén: Z;’x’fi veinâ€"matertal, 50 per cont .. To explore the favourable basie: schist south of the shaftâ€"a crossceut was started on each of the eight levels: below the 2,875 and to date only two. have been advanced into this zonre. A‘No. 18 Vein:â€"â€"Crosscuts on the ~2 375 and 3.375â€"foot levels intersected -No 13 vein 520 feet south of No. 11 Shaft. On the 2,375¢ level 210 feet of dnftmg shows ore 7.5 feet wide assaying $23.80 per ton. _ (On the 3,370 level 108 feet of drifting was in ore 7.5. feet wide. of grade. .. . **No. 14 Vein:â€":On the 1,875 _,and'i i'2 ;3T5â€"foot levels 1,048 feet ‘of driftâ€" ing was done, 505 féet being in ore, T.5 feet: Wlde a.nd averagmg $8.i10 per‘ 'ton . :**No, 10 Vein .â€"--StOpesk in the wesâ€" ;-tern section of this vein ‘produneed 96,â€" 235 tons of ore averaging $5.20 per ton. . From the 2,125 to. 2,875 levels, 2,789 feek of driffing was done, 1,500 'feet in ore, 7. feet wide witH an averâ€" age srade of ‘$8.00... This vein, shows continued. nnprovennent ‘with developâ€" ment to the east. On the 2875 lovel, south and east of No. 11 shaft one section of ore has been ‘developed 408 feet long, 10 feet wide of an averâ€" age value ‘of $13.30 per ton. . _. . : No.\‘T Vainâ€"â€"On the 1, ooo, ©14700, 1875and2,5 0â€"foot lev*els 1410 feet ‘of dn tope:ned ) 6 i’eet ‘o€ ore: : feet ‘wide with an aVenaga value pf gg ton. Stopes produqed 194 9 tons of $810 ore, . _ . “No. A8 Vein: -â€"*â€"Stopes produced 35,818 tons of.dre of $8,.00. grade. No ‘development work las: been fione on ~tlus vein during the year.. j 54,209 fons of ore averaging $10,10 wl mp ol tds yrod o + 1 in atar eA enb d t nb o \(,.I.U ?er ton ~On the 2,875-foot Ievel 800 eet of drifting opened tip: a shoot of ore 6 5 feet W1de averaging $8 40 per ton. 4 P‘t en review."" . 20,17. ' Mr IJ. Bickell, ‘president of. tbe w No: Vexn‘-â€"-On the 1000,5,1‘?00 mpany, in lus rq,)art to thté sbtue- '1875 and 2 500-foot levels 1419 feet holders,, sayg, in part:â€" ‘hn nm Ah- A 6 wit o to this vein system: m;'bemg develop- ed on theâ€"npper levels of No. 5 and f faet wi«fe, av'"‘ L xC EC 4 and sklps pu mw Balance Sheet ber. CShk ASBOhS E’veol b,] b C]Il'r +. Ll‘ajb. ts i« favoura ~f:fla_sf‘f' ‘Net Cashâ€". Tons mmfled\ , very. ... 3987,634‘ Per Ton .. ;-_,-,;--:.., ... T.66 Per Ton Costa _ €. “Earmn@ durmg the year undéa- review. were at_ appr.omma tely tz‘he"; same rate as during the fprevious fiseal. period and pzoducmg 4ast yea: ‘Ore valued in excess of $4,000,000, it 13 satlsfactory to note that our present estimate of ore"reserves exceeds that ‘of a year ago by. $1,245, 945 and today sbands at $15,376,105.‘* - R. J. Enms, genéral manager, says _ **In regard to the finances, the Teâ€" port shows that after paying current costs, for plant additions, Tor eapiâ€" tal development. and the $1.00 per ghare d1v1dend ‘net cash advanced ‘$300,000. This formed an operating profit of, $1,800, 000. 00 with d1V1dends of $798,000. 00 3 j , wi‘%e geologlcal sxbuatlon at t.he bot-j ;Qi)lln of hhe 4000-foot sha.ft 13 favour- alble.. ; Over 6, 000 feet of. dncfitnfg was done' ‘last year, the average . ,per ton bemg $8:30 over drift widths, : > ore deveflopmenbs are unu’sualâ€" ;ly good | ~\‘Fhe :fiollamng compa.mmve table *Wl]rl Jbe interesting:â€"â€" ; _ _ ton Other 1tems gho:wn m the report m- el}ude. 35 x McIntyre ha.s. :now 35 mfles of un-:' < Melntyre has produced m sgold from ore averaging $8.83 per 6 5 +03 ; I C s 1 / JC . made, ue m of a ;.:i e 6 cate have advanced sufficiently far to: w 2: rant comment atb this txme .. On the 3,â€" 3T5â€"foot level we: have. advanoed d‘xs- tance of 108 feet in an ore that grades. better than the mine average. : On the 3 8750013 leve! wo have firosscut ‘the: 'bésw ‘schist area and a.lthomgh three. véins were encountered in this zone, al were low grade where cut. . We are now taking full wdvantage onr predent facflmes in opemng up these» lower horizons. â€" .. is }gra ‘in reserve. o s o se i i e ons o t n ol s s L..:L__-a e e i lt o uesd > > "A. a; ie , 12 mos +8 0 mos. to Mar 31 28 Mar 31, 2"’ 2,320,004 |. 2,031,899 272,846 . ©991,399 2048,058 . 1,740,577 _‘ ~~20,23106 .,3 990 000' 2,087,060 221,4605731' 4 ,358 375 ; 7 @470 58 673 e o ts in l t ts c ar it w ve a 4 uTss ) %flT PV es T. o Nt s !" ""l‘ R Ees b past .-_g_" ‘ s t P P ;t'i.‘; T6 16 ,a -} in W #: 5 oKE .w, 8 .‘.“' .xzid f ‘f‘f" ’;-_:\fl‘s ,.;.?!._‘ .._'va, " 'Q ‘ ~-.”'~,‘ s ‘,A ’,‘": 4 ‘able field. for suchr-an- Andi l .‘\, . ;‘1.:" .',’.. hss 47 d 4'. A ~ Pz Â¥) 3 file 07 38 nm(‘»lm O'f C n en .’-f"‘ > :-\ hy 4 M h ;._ j R 6 }fe.lt hgat t:he new eompany "htahdsx: levery cahanee of smiccess: and ‘plso of| : ing of. very material ’ad,van..j}_‘_ generalt y to th ,",_Nnrt:h Tand. . . _| â€" "The: ort.ha'n Ontario. Chm Clay |_ ,,Corpora.txon, according to mfmmatxbn P3 given in its prospectus, is thefovgn”er ‘of a large deposxh ‘of china clay 0”1‘1 the|:. east bank of the: Mattagami‘ river,| ; some sixty miles north .of the line of. the Canadian Nhtlonal Raillâ€"| / ‘l xo } truct s m ways. . D ing and mgrketmtg ‘of. the. pro;luo ’?% his deposit has been made possible by the | mltd of a private railway. ‘Jine: by th.e «S’ uc Falls Power and Paper Co. from Ka. t3 fes at ud eb eÂ¥A tPc

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