OCR Text |
Show Record years ago they did some churn and core drilling. There are evi-dently two different strata of copper there, the top strata averaging forty to sixty feet in depth and extending to the sur-face, and below that is another copper deposit apparently carrying slightly less copper values than the upper stratum and being from twenty to forty feet thick. From my sampling of the ore deposit and judging also from three thousand tons of ore that we have recently milled, the average copper content of the upper 5428 stratum is about 3,28 per cent copper; that of the lower stratum, according to the drill cores is from 2.4 to 2.6 per cent of copper. The ore now being milled by the Utah Copper Company is less then one per cent copper - probably one- tenth less than one per cent. I am referring to the Utah Copper Company that operates the the Utah copper mine at Bingham, Utah. In one direction our exploration has shown the copper deposit to extend three- quarters of a mile and in the other direction five- eighths of a mile. Two shafts have been sunk on the property where ore carrying six to 5429 eight per cent copper has been encountered. We have between 350,000 and 500,000 tons of ore in sight, employ fro twenty- two to twenty- four men, and have constructed a mill on the property, largely for experimental purposes. 5430 There is a vanadium property located about ten miles south of the Big Indian property; a milling plant is there installed, and they have operated and produced vanadium in commercial quan-tities there. The section of country in which the Big Indian mine is lo-cated has been investigated and prospected for mineral wealth in a rather cursory way. Samples have been brought to us from near by properties which appear to carry values similar to those of our property. There have been probably four properties within a radius of fifteen or twenty miles of our property where small pro-duction has occured, and what I have recounted represents the entire |