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Last Year One of the Best in the History of the McIntyre Mine Ore Reserves are Record in Tonnage, V alue and Perâ€"Ton Grade. No. 25 Vein Most Outstanding Mine Developâ€" ment Since 1925. Earnings per Share in 1938 Only Exâ€" ceeded by One Other Y ear. The twoentyâ€"seventh annual report of the McIntyreâ€"Por:upine Mines, isâ€" sued last week, shows that the fiseal year ending March 3l1st, 1939, was on® of the best in the history of the Mz2â€" Intyre. To the public as well as to the ~shareholders the report should prove most satisfactory because i shows that while the mine is prospetâ€" ing and the pubke are reaping benefits directly and indirectâ€" ly. Among the points in whiech the general public should be specially inâ€" terested are: the research carried on to battle silicosis; the erection last year of the new community building by the Mine; and the value to all Canada of mining enterprises carried on successâ€" fully,. In regard to the lastâ€"named point, the annual report of the MclInâ€" tyre publishes a detailed list of purâ€" chases by Canadian mines of consumâ€" able stores, equipment, fuel, freight and insurance. The gold mines totalâ€" led $40,625,3M7 and the base metals mines, $59,331,700,â€"a grand total of nearly a hundred million dollars a yexrr. The employment and business created by this truly "grand total" is worthy of general consideration. In regard to the work carried on at the McIntyre to combat silicosis, the annual report says: "The silicosts reâ€" search work carried on jointly by Mr. J. J. Denny and Dr. W. D. Roabson of the MceIntyre staff and Dr. Irwin oi tile Banting Institute has been conâ€" tinued, and is, we believe, approaching a satisfactory conclusion. The results of their recent work are summarized in a paper published by the Canadian Medical Journal in March of this year. Mcetallic aluminiuun powder in minute quantities is now being used in cerâ€" tain parts of the mine and is effectiveâ€" ly reducing the solwbility of the fine suspended quartz particles, thus proâ€" viding real protection against the hazâ€" ard of silicosis. It is hoped that durâ€" ing the coming year sufficiemnt progress will be made in the technique of is a@pplication, to make the results of this discovery availlable to industry upon a practical basis." In the matter of the buildinz of the community rimk and hall, the followâ€" ing is the reference in the report of R. J. Ennis, the genoral manager: "Durâ€" ing the year, a firsproof community building was erected on the company‘s property. On the main floor is a heatâ€" ed skating arera, equipped with artificâ€" ial ice plant to maintain ite on a 80‘ by 190‘ surface. Sufficient chairs are proâ€" vided to accommodate 2,000 spectators. On the second floor is a large commâ€" munity hall and two assembly rooms. The building is intended to serve as a recreational and social centre for the whole community." Probably from the sharehoilders‘ viewâ€" point, the most important item in the report is the part about Oore reserves, which at the end of the year were hizghest in tonnage, grade and gross value in the company‘s history. Earnâ€" ings were exceeded only once before, as were production and tonnage milled. Earned surplus and working capital, taking investments at cost, were highâ€" est ever, although, if market value of investments is used, latter was exceedâ€" ed in 1937. ings. Nevertheless, it will enable comâ€" pany to maintain profit per ton trealâ€" ed and at the same time permil pressâ€" ing of development of whalt are no#w considered marginal ore deposits, thus prolonging the life of the mine. To Conserve Now Ore "The development of the No. 25 vein system, the discovery of which was anâ€" nounced at our last year‘s annual shareâ€" Net profit was $3,712,M40, or $4.65 per share on cach of the 798,000 shares isâ€" sued, compared with $3.597,818, or $4.51 per share in previous year. Farned surplus ncreased to $13,596,759 from $12,145,858. ‘Working capital was up to $15,6093.525, taking investments at book value. or $17.976,71% taking them at market value. ' 4.175 levels, total of 2973 feet of drilâ€" ing being completed, of which 1,6015 fec!t was in ore averaging .856 ounces across drift width of 12 feet. __â€" Mine Life Lengthened President J. P. Bickell states that the grade disclosed up to this time appreciably exceeds the average grade of ore heretofore develeped in other parts of the mine. In order that no erroneous impression may be gained as to the effect this new ore will exert upon normal earnings, he states, aS the view oaf the management, that, unâ€" less tonnage and grade ultimateyl deâ€" veloped exceeds by far presen: anticiâ€" pations, it is unlikely to have azy radical influence on annual per share earnâ€" Production was $8,375,336 from millâ€" ing of 871,900 tons for average recovâ€" ery of $9.61 per ton, compared with $8,â€" 051,906 from 871,200 tons and average of $9.25 per ton, compared with $4,218,â€" 538, or $4.84. Ore Reserves $44,465 995 Ore reserves are placed at 3,998,336 tons, containing 1, 270,45% fine ounces of gold worth $44,465,995, or $11.12 per ton.. This is an incerase of 215,215 tons, 133912 ounces of gold, $4,686,924 ‘n vross value and 62 cents in per ton. This increase in reserves is no doubtl due to the development of No. 25 vein, discovered early this year. ‘This vein is described by R. J. Ennis, general manager, as the most outstanding mingé development since the discovery of the No. 7 vein in 1925. A flat drill hole inâ€" tersected it from the 8,875 level, on the margin of the porphyry, where i enteérs the shear zone. It has naw been opened up on the 3.625, 3,7350, 3,875 and holders‘ meeting, has proceeded steadâ€" ily and with very satisfactory results," President J. P. Bickell says in the reâ€" port. "As indicated in the body of <his rcport, the grade discl‘osed by development work accomplished up to this time, exceeds appreciably the avâ€" erage grade of the ore heretofore deâ€" veloped in other parts of the mine. "Turning to the "Ballance Sheet," it will be noted under ‘Capital Assets‘, that the cost of "Mining Properties" has been increased, as compared with last year‘s total, by approximately $500,000 This represents the purchase price of a small contignuous area, described at vur last annual shareholider‘s meeting, and developed underground to the point where the ore reserves comd be caleuâ€" lated with reasonable accuracy. "The result of the past year‘s work at the Belleterre Quebec Mine is deâ€" scribed in our general manager‘s repori. In Ocfcber last, hydroâ€"electric plant at Winneway Falls was completâ€" ed, and Bower was made available at the mine. Underground developmen! is being pressed aggressively, but has not yet reached the stage where prodâ€" uction eanmn be stepped up to the full capacity of the power plant." Durimng the fiscal year 871900 tons were treated, the average grade of which was $10.10 per ton. From this were recovered 2370772 ounces of gold and 55,733 ounces of silver, the gross value of whith was $8,375,336 or $9.25 per ton. In the preceding year 871200 tons were milled for production of $8,â€" 061,906 or $9.25 per ton. The allâ€"time record output was achieved in the 1934 â€" 1935 fiscal period when bullion to the value of $8,430.6870 was recovered. "Throughout the mine, ore developâ€" ment was most satisfactory, the averâ€" awse grade exposed being somewhat higher than usual," R. J. FEnnis, genâ€" eral manager, say. "Levels above the 1,000 continue to supply over 25 per cent. of the ore treated and several low grade sections on the upper levels have expanded into orebodies of considerâ€" able tonnage and better grade. The most cutstanding mine development since the discovery of No. 7 vein im 1925 has been the discovery of No. 25 vein system. The area in which it is located, north of No. i1 shaft, has been a subject for study for a number of years. At frequent intervals, long noles have been drilled in a northerly direction, seeking to ascertain where a mass of quartz porphyry, outcroppin‘ at the western limit of the properiy, cneâ€"half mile wets from No. 11 shaft, would enter a shear zone on its pitch east ward. Farly this year, flat arill hole from the 3,875 ft. level intersected a vein of high grade ore on the marâ€" goin of the porphyry where it enters the shear zone. This vein has now been opened up on the 3,625, 3,750, 3815 and 4145 ft. levels, showing ore of an average grade of .856 ounces per ton over a width of 12 feet." Belleterre Has Profit Brief{ review of Belleterre Quebsc Mines, 95 per cent. controlled by Mcâ€" Intyre, is contained in the report. In July, using Diesel power, mill was out into part time operation on developâ€" ment work. Hydroâ€"Electric plant wWas completed and mill put. into fullâ€"time operation, . treating 200 tons dally, on us Ns M s From July 1, to April 1. 10939, 45,007 toms were treated, recovery being $342,â€" 813. or $8.18 per ton. Handling chargâ€" es were $4,839 and operating costs, less sundry revenue, $289,548, leaving Oopâ€" eratint profit, before depreciation, of Ore reserves are estimated from mine development at 138323 tons, while ther® is indicated by diamondâ€"drilling east of present mine workings, an additional 100008 tons. This is total of 238,323 tons grading $9.96 per ton, or gross value of $2.373%41. This includes $1.100,000 inâ€" dictated in the giamondâ€"driliing. Crosscuts were driven from No. 3 shaft to No. 12 vein on the 125, 250, 375 and 500 levels. Drifts advanced 900 feet on the first and second levels indicated by diamondâ€"drilling. Just above the 37 level, vein fracture beâ€" $78 426 came barren. Drilling is under to explore for parallel structure | the 500 level. MEN LOVE \ GIRLS WITH If you are peppy and full of fun, men will invite you to dances an dpudu. hy / e > K So in case you need a general system tomie, remember for 3 generations one BUT if you are cross, listlese and tired, men won‘t be interested. Men don‘t like "@uiet" girls. When they go to parties they want girls along who are full of pep. woman has told another how to go “-fl% thru" with Lydia E. Pinkham‘s Veftz Compound. It heips build up more p ysical resistance and thus aids in giving you more 827 and lessens distress from female funcâ€" al disorders. You‘ll find Pinkham‘s Compound WELL YORTH TRYIN®! f. review of Belleterre Quebsc 05 per cent. controlled by Mcâ€" contained in the report. In ising Diesel power, mill was out art time operation on developâ€" work.. Hydroâ€"Electric plant was »ted and mill put into fullâ€"time in treating 200 tons dally, on ”‘_’_’/ Development Work at Hoyvle Gold Near the Pamour Three New Directors Elecetâ€" ed at Annual Meeting Last Week. Toronto. May 24. â€"Definite informaâ€" tion of the ore possipilities of the Hoyle Gold Mines property will be obtained from the extensive program of under-' ground develooment planned for t.hel balance of the yvear, Bert W. Lang, president, informed shareholders at annual meeting last week. The 33â€" compartment shaft, 1,000 ft. east of the Pamour boundary, has been pleted to the present bottom level at 1806 ft. with stations having been cut at 200â€"ft. intervals Cross cutting to the conglomerate zones on the 4400, 600. 200, 1,000 ancd 1,806â€"ft. levels should be completed in June, MraLang said, following which drifting will get unâ€" derway along the main zone. The deâ€" velopment program is designed to deâ€" velop the ore indicated on upper levels and to explore for extensions and posâ€" sible recurrences at depth. Work on the lower levels will be concentrated on the 1.800â€"ft. level where a favourable zone is belicved to exist, as indicated by improvement in the appearance of ‘the ecnglomerate bed at the :1,600â€"ft. The property of 1,200 aeres covers over 2 miles on the strike of the favourable conglomerate and north eontact structure east of Pamour. The indicated trend of the conglomerate ore zomes is to rake flatly cast so that the zones on Pamour may plunge east at depth into the Hoyle property, he stated. A substantial amount was expended THE PORCUOPMNE ADvaANC®R, ThnumMnis, ONTARIO by previous operators on the where an orebodyvy was indicate ist level for 300 tt of $6 grad 39 ft. width. Drilling below ft. level has proven continuatx ore to below that level. Other pos sible orebaodies were indicated in prs vieus work, both in the conglomera. and in the sediments south of the con tact. Drilling from the 3rd level sta tion cut a zone in the greenstont assaying $5.97 over core lengch of i5 ft. indicating possible parallel o lenses in the greenstones north of th CMitact. As at April 30, last, the company h: net eurrent assets of $95.166, which wi the $60,000 due from underwrite: makes a total of $155,000 available f underground development of the pr perty. During the first four months ‘this year $14520 was expended ( buildings and equipment and $64.008 « development and general expense. T\ mining plant is complete, Mr. La:i stated, and only minor additions a required during the balance oi vyear. Three new dirsctors, Thayer Lir sley, H. S. Munroce and H. Whittingha were elected to replace R. W. Pins O. H. Barrett and D. R. Michener. T new directors represent Ventures a associated eompanies who control Ho through vendor shares and stock ceived from financing of the property date. Northern Newsâ€"Stout lady t panion in rowboat who is maki ous efforts to get her home tr driving rainâ€"T shall certainly to get a solid> roof ‘under n again. Picton Gazette: Science everything except how a kcrep on swerping up inord mno more is brought in. 11 ‘OtY be C Th t ~|\ _ Straightforward Story." | s|_â€" Saga of Silk Pajamas. Fine Wine Store Clerk for Serving Intoxtcated Person ecided anvict 100 th M On it conviction was registered against ph Stachow, a clerk in the St. iarines Wines Store, on a charge y for the same. the stand Stachow said that he ot remember Harold Richards but ne had slips to show that he im with two bottles of wine. He instructed not to serve wine to an icated person, he said, and to his ‘lecge he never had. o man was evidently intoxicated ho went in. He was sick on the yalk. However this man has told raig‘htforward story and has nol to hide anything. ‘"Fifteen, doiâ€" and costs," said the Magistrate. A Pair of Silk Py jamas lliam Keikal,, who was. convicted ivin> stolen a pair of silk pyjamas i~t apptar to be the type who preâ€" silk next to his skin ut the court ted that he was and so he was icted and had to post a bond of that he would keep out, of tromible. irkoâ€" Krivokuch, a laundry owner, that Keikal came into his estabâ€" ment to get his Jaundry. He allegâ€" 1t Keikal took hisâ€"6own parcel and Ol1 ving wine to an intoxicated perâ€" 1 police court on Tuesday. He ntenced to $15 and costs. stable Guolla and O‘Neill said they saw Harold Richards, who ‘unk and who previously had been m the street, go into the wine They saw Stachow serve him bottles of wine and take the ly intOoxlicated is sick on the man has told and has nol "Fifteen. doiâ€" Magistrate. Jn Sti did take two dry.. He tho another which\ was on which contained a pair owned by a man who ment 15 in the Gordon Asked wh wrong hous afraid and would see t company. Traffic Infractions Fight persons paid fines of $1 and costs for minor traffic bylaw infracâ€" tions. One paid $5 and costs for drivâ€" ing through a traffic light and seven paid fines of $10 and costs for driving automobiles with defective brakes. There were the usual large number of weekâ€"end celebrants. Most of those eharged with drunkeness pleaded guilty but the odd one did not and police evidence was ngarly always the sims. "Hop was vervt GArunk‘ was the He threw them no more abou cused him of : "HMe was very drunk" was th statement of police witnesses, ent io in U m when he Automobile Insurance Do not take the risk of driving your car or truck without insurance. Call on us for rates and particulars. We also sell Fire, Life, Sickness and Accident Insurance. REAL ESTATE MORTGAGES PHONTE house, he said that he was and ashamed that the neighbors see that he was in the officers‘ Timmins, Ort. em in it DAY 104 NIGHT 2 Kzsikal said that ho ‘cels out of the launâ€" . they both were his. i a trunk and thoughi them until polisce acâ€" aling them. first toop poalice to SECURIEFY he counter and of silk pyjamas lived in Apartâ€" Block, out with | Delphis Lagroix, Arthur Leslig and | Jerry Keeley were second offenders on drunk charges. They each were given the alternative of a fine of $50 and costs or thirty days in jail. SOME WANT TO CENSOR THE PRESs INX THE OLD COUNTRY A â€"Quickâ€"Healing Salve for Cvanide Rash, Eczema, â€" Psoriasis, â€"Impetiao, Sait Rheum, Itch, Chavds, and mast skin ailments. 580¢.; $1.00 ; $2.00 sizes. (Medium and strong). At all Timmins, Schumacher and Sosth Poreupine Drug Stores. (From London (Eng ) Express) Sir Samuel Hoare has answered the shrill cry for press censorship from certain persons in public life.. These people want to control the newspapers because we print the news. They bleat in puny voices for fetters on the press. They complain that newspapers tell the public things it should not know. They would rather have news doped and doctored to suit their own point of view. ' 21 PINE STREET N TEMMINS pagr ptyt FOR «KK IN DISEASES