1;:11 · h . 1.. . hill 8< associates ltc. vancouver. b.c . ~~j!".!j9!)~ (colltlmjgd) an...
TRANSCRIPT
HEPORT ON
ltIE EP.G!...C: CREC:K MIT II~O~IY MINE
F .t. I i{ SA NKS, A LA S KA
~. l. H I I & Associates Ltd. Jan. 25/65 -= ,I' 1'. lIj . It!!
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(~Lt:~J/;- tnl >£_\y
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on
THE 8\G LE CREEK ANT I MONY MINE
FAIROANKS, ALASKA
BY: H. L. Hill & Associates Ltd.
January 25, 1965.
H . 1.. . HILL 8< ASSOCIATES LTC. VANCOUVER. B .C .
~~J!".!J9!)~ (COlltlmJGd)
An utld .. rground o"cptotetfon prog,.~, cooslstlng of IlttJdn~ p,~t ih.fU M (ite on both tho Ito. 1 IIInd tk). 2 ve',,,., I. r~t1d, at fJ:l Mtlqtad c.oIt of $10,000.
1n v lew CI' tho P1J4t prolil\/Ct,lon And tl'\e .lCoun~\Jin9 "flU 1 t, ootalMd fran ttwl U(tIlted mount of e.xp lor.at 1«'1 .,,-k c~ tetctd during the fl1ll flf 1964, the wrltor , .. t. this proporty h8i a guod clWlIC!o cf ~0011l'\-~ a profit.)" anUtMf\Y Pl"o1uclr19 ",ln4$.
T ~ Irag t (i C r w, An t (Irony prq)«)( tv I !II Joe 4tod 2) M f1 ot by ldghw., norto of FalrlJanksi .. of which IS mlloa Is ))Wad irlld t.M r~lnlhg ~Ight ~JI6S r. fIrSt ~t.sl grDVcllmd road. A hal' mila atCuess ro~ Wd bu.tt durlno 1964 frO'A to .... hlgr..ay to the tlo. I veh}. tlUd to military usaue tho rOold 'rQro r.lrb.,kS p.tSt tha property Is kept In good r-ep~1 r and upen ., 1 vcaar rou.nd.
the ebhn& eo'#M ~tlV rolliNg h1118. (!.Ievetlon vartoo 'rQift 2.000 to 2. .. 500 ftl6t.. The sloIrt4iC.d Is all covered &1t ~skeg -.t~".d1ll" which ono to (c,14jf 'Nt of pet'O\ant:ilt ty 'r~ block ~h eoY"OrI fosldu.t cw.tburdeo or bodrack.
FalrbaHkti .. e cltV whh .. popt.l'atlon Q' '5,000. 1~ '~rvlcod ~ .. (Kwi)t'""*,1I 1~I.dlr" rl»llwav and .Iao a hlpoy 'rem ,he ,.ts t)' It.nGhor.p Mod SGIW"rd, .. well d • ct •• ly J-t al,. ,arvlee tr_ S ... ttlo.
Tho 23 MIl t. d,.t,,1.1 t'roa F" .. I rbanke to t .. prOf)Grty ~M be 1i'I0DIP lot.rMI an a h.lf hour, tt'Nti worktten oan Ilvo _" fl". f tb4W4ks and c~t. to ~k.
~urf~~ tt~ 81" moft'h period fro. t~ .'dd •• ot Aprl) to OctoNr, .. t .... $OAdltlcwal .-t. good with rfIiGJIMI'ata l8q)Or3tur., ICtW prac I p' u.tton end '~g day If ght hour. • FOr" the bal AflC8 of tM year .. pMtlctu'a .. ly frarn D ..... to F'ebrlol8ty" ~rAtur~ a'. "tow ::..-0 .. with AKtr ........ to 40°. $i~4Il. averog"" 10&& t.h •• 2..0 f .. t ,ar VWi'.. D.y light hout'l en tM w. "t .. r rGClnths ~ ItIO~ shutt.. The Autf.l)l:~ plG1"1t Wl)Uhl have tc. be thorouUh1y wlntor1~ tQ htlu ... 81 yeer around q:Hfi"atlon.
H. L. HIL L a AS~I "' 'I'«S l.TD. V ... .... COUVER. B .C.
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nt4 prQ\)t)rt.'f i:$ loc,Dtil!d .at tillS; ~'\<tolttiin; ()~ " tributary 01 ':foolt. C,oMk, \-mlch 1» u trlbut.ry 01 tho Chltonlk:.i ~h:~r .. Ourh19 thQ '~,lUr uui"fkl04\t ~tl)r t<A.lld be DV411abl.v frccn n crMk on t ho property yO%" Caq) Md underground purpul00. A tHt: waH I/Ia,)\Ild ~~ tc& b<!i d.rJ Oed to du't~rmlllU If ~uHkil)ttt \teter ~~U'J. :NoJ 14b!13 tKlhM tho pMIIl!'l1'rOS1: for ~, (.~.Ilcentratbt!l 1,1/Int. If- W&tc.r S, ~ot found 01\ M Ba.llr ttle prq>etty ,r;.ot~'&ldit:"otlon wll' ilaW! to 00 9h'''''' to trtn.:ktng tNt cr,..;1o Uf'U to rblr\)nnkft whiG ... olcc:trlc: ~ ... td w4lter ~ Qtll¥f' !karvfclU WOLItd bo oval 'abl.,.
Only 'l1Rt111 d~h'uO<n. U~e:ft occur 01 too al<.citrel. ThM~foro. an ~'nQ tlri»q.r UGuld huv;. to bu pun:;;ha~od 41t T'ul,·n.nfu.
the r:aglQ c(~ 9r{)(Jp~ net«d by Htl61H'1i .. Toylor .,d O' Uerrli dUI'I"g ""'y .. '" ~opt_r 1364, c:cnllsu uf If .. lolhl/ln9 24 unp.U~fltad \\1h..-"l c.l"fme, .It toc4tud 10 tho faJrh,,"IU' iilning ~1.,.lan. Towothlp %~ aoG Renve IW.
~l!'_.9!.f.W.!' $o .. tI"" ~.&.!m~ !'~r C.!.~.!1 !!1.t!!! --. <1IIl1 .. tad. 110. I to 0 Inc I. 16 8 lO 160 5"' .. ~ fljjl. 110. S to 6 1",,1. 16 4 20 00 alaok £1I\l1. 110. 9 to 12 Incl. 16 4 40 160 Anth.,ny illdge III>, I to Q Inc I. 21 ..!l 20 .l.~
11)C.1 24 540
The 81 .. k £"Dlo, 110. 5 to a Inc,..-I •• , ..... it-'<*! ... 40 ""'8 cl.I .... 1I •••••• r. Iho nurth.rn h.lf of eaCh ~I.I", """ .... g.<IUnd Vn",I"".ly stcOl<ed "" tiM> 11091. Lode 110. Ii to e hoc I.olv$,
the No. t ¥Qln I. ioc:etod Qr1 the [".gIG Lad" "n. 6 ltilnq,r,,) ,1.lm, ...... the 110. 2 volo .... tile MCI-V Mdgll 110. 6 cis"., .. shawn on 'ho ""'" __ ylng thl. ropott.
Sll ..... «141)01 ,lining Coo,,, • ., LJMltod. with hood office at <lellon, S. C .. ,..,4, "" aptlon to purch ... tho ElI\lla Group 0' mI.-tal cl.l ... from the -.en r.". i/4OO.000. piIy_lo l"I " 7~ t"'lalty Ir ... nat _Iter rotu'n' .tt.r _11 ... 11>9 for freIght c~ ... gos. Hlnl ..... __ lturOl or $10,000 .... ally on thai "r_tv, 01' $10,000 """.al p_tl to t .... ..... ..,.,. • """. (0) be IIIoIIdo to ..... """ <IIi t I <In In 9cod • t """ I ny ,
H . L , HILL I) ASSOCIATES LTC, VANCOUVER, B ,C ,
t!J~!.f!1l!
{luring 1~1) L.L. $cr~ferd 16.d~ 61 grOUf) of etel_ ',..(;ludll)g tl'\ll,l Chl·"f and ~wlr tall ft'c.u !Award (,W 11m J I~ltj of t hoG Mig I na * ~a. , rl~ Sc.rat'ford ~r()p4~·ty. "Iao t,J~l iI'$ too a leek t&glo. MI~Q, was syst~tf.G4D11't d&V.I~ d~rlrz.u tHS by 41 sr(ld t)f 25 tMn. Th4a d~tt ~fOO ~rkGd by ~il ~'l cut -,looU the "'~'!1 which Wed IIIKtood~ lott» e~ hi 11 ~ l)h adlt ~It 15 l'104it 10fl.~ I,. :t~too.~r 19i5.. illjrlh'lJ the n~ ~ ... iQd ~ame SltUPll1U Wi3$ dOt'kl awld a !iNlIttt ~urtk 20 (~t. lite 61tt lfllQllY Qr-/) Wt1$ m-G~' $l1d iiort~ 1:1; t,*l~, then hohH.od by a J~(WO toOOt ")f"~ lilt'. 11 Mid ~&blu tr'* to \:.hu t~ t)~l tt~ I"h1ge to t~ h.1C6't.Otl (kf th~ p"tJ~t Id9hwsv. Vt()ft\ t-hu tr. hGAd tt. or<a t,lfd Omt liISJ tll't t~ to th~ r.1lrosd, a d It til"'1(1$ ~f *~ ,,11~ ~
n.o 'os t wotl~ done" ~ept for 1tSa5i1FS aort lng tho oUlf\)1h ~ d()i'W) In 1$t6 by It .. C. Wo:.ci, who dtova ttWl l=MJin tunn.al It'\ )4)U flt.~t ond ~M~ • lot., 1 of ~t S.II SOO te»..- o~ aort&14 OTtI.
'I"tw;\ aOOvQl dat~ IaIa8 t~ .. t from U.:i. ~IOUictll auUethl$.
"tr-.tiJ clalf.$ l~$Gd RiaQ wero rost\lk$d durtou Juty '!:64 by 11ft.an. fuv10r ~ U~H&rr8.
All tn.t old worldll'gS ~o e.aved, thus the. gool(J(JY GOUltJ oot ~~. n~. ttoUoWlng d~cr'ptlGtt of th~ 9oology MG mlrutt&l" hat.on h; ~QtT.lt4d ~rW1 thtl '916 Md .931 OUQI~ltcl S~rvev 6ul1.Una:
I""~ cwntry rock 'e ~t4f""S\ICla a.hlst. It ... flrna'y foUot<id, .end tho pl.-.os of Mhlltotlty strIke ~t U 6010 U and dip .t~ly to tn. northwo~u, .. tb lntru.lvlII rocks ~e (lb;ca~ l1IUIV the l&do. but thQ Wl.t*1S 100 of In Itrl ~ to t1)4) ~6 t; w"1 br tny Itt c lou. to tho dlko ~1C.h cutl the B~hl.t. fna I~ is Marked by 8 shoar ~ Which t.uts tho foUatiM of the schist .end .& , .. u ty traer Gbl. for ..,c,.., h~"od fllMt at tho mlM .... ,n9$. th._ ,.\>\1." 101. Itrlu. ~rlv NIt .wld cUps SO'> .. 70"" s. TM ~t tcltfX)rts that tho lOft4 ()f Mh..o.vaUz .• 'lon GOIt be tl'Mad thr0u9h two cbl~. a dlat~\C4 of lIlbout 3;oGOO IMt. btf~ too tf'*& Mfa 1 lAb I., fr/)'f' tho __ tn.tlOl did ru)t pOI'UIi t an ~.,raI'MtlM t>f thti oxt~l$lon ()f tl\ll dQ(JO! It.
"l1\ tho btle' ti_ devoted. to thG __ Inatlon. ti~l.t IV In ~Iow Qlf tt\tl tae.k~' bedr~k ~u"e$. h \'$1} not poidb'(IJ to d&flnlt.'v d.otgrM.ru;~ tho. wic.1th of tho sl~ ~onl!t. Whara thti loa. had ~n ~9id t:i~ lIMitl) of 0(-0 d~IU(Jn ~ tQ txt within watb 3 to 4 fNt .art. Hu. tn. h.lnt11l9 WitH a.oMlllta of a flfiJ of fr'Ol'lu $tattHl4f ,~hlst \lfbh:,h b_ beon ~ c. .. ,.shed.. "nMil J!.Chlsu WOfu irOR"" atalMd .tnd fr$Ct~rad, ~." for 1St leatt lOY.,., 'Nt QQyond
H. I.. HII.!.. & ASSOCIATES L.TO.
. ;; ..
WI~t WOi!- C(.Jfu\.'d~roo tM ~9In!l \'Ial1 or lod4t. t~(lt"OCN3r~ ti~ ~~t rep.of"t::; th(a the:lJr zane to ba '0 fwt ~fd~ ht ~ ~lacUW.d
VANCOUVER. S.C .
l'flw rlctta'.it O-r'~ C:>:Gurs t/) !Ohoot~, Hhk:h ~Ulttr to b.g ~ Uf' i~.'ti IHtMf).414 j l19't-.olll-U lYiVjaf' .~(!:P h"';V~j a t,:l'«wd I'! hl1t d tvor0*11 1 S tl t~ 201\ ftoct.t th" trtmlJ ('Jf tl~ vel.!')" Thfl tdlf'gost of I:ho1l~ shoot.$ fiSkNlilhJrod ~t 4s.) 9~t In H~ too~t d h-.no 100. rho sl'it)Ou rn-o 1I~at$t4d bV .sA ~J9rGU>8t. of ~rt% Jntergrom with stlboltB $l1d kh!rnw'S of sU1m1 t.,. togoth~" wAth 1I"(jI' .... ~t4Ined frt9~U of ttMl Khht for,,"J~I'9 too ~try ro:lk.. n~qa 'r~ts of 'chl~t h..a tuded In tho lode conaht. t"tf ~itz !ir.JIM wHh fl111'ti of ,urlelt. ~ hlbVO &
pUQllol ~rraoiJ<."r~t of Qllnar,<ah4 7l~ atco IncllJu# ~ va'", qul\rt~ e;nd llufplHu6ti. Stlbnttu 1s t~ on ly Irl1'Or'tN1t $'OO:t6' Ull lQ I .... ,. .. t 1 n tho 100 e J ~I't 4l U t t 10 f roe go Id a.1d gJlll.:n* ara ~,"O pre9f111t ~ ~"oo~ly py.,.It:~j though this W.B$ i'lOt fj~ I~ ~Idh.Od foro,. 'Ut-4 ~l~;~t yop¢rtt th~t t.he hl~hDSt MS.oy "alIA $t..-lfl4td ~~ $'. WGt'th of gGld .-ui 8 OWlCri of aU"." to tho ton, ¥Vi only & tr~e td 1~4Id."
r'T~ u.H~It:$ QC.Cur!i. In f'lrntly flbrous and eoluomtt.Ia'" fOf'till .d .. U .s In grl;lnotl,r tJsgr~Gt.es.. "t~ I-urf'ec.a Gf tn. ... ft CJf fJtlbrtlt~ .n.o c.QMlclerClbt~ OMldaUori, tlecondMY mlnor.I_~ f~ ~ II'tGn3t'" ~tICf' het, an tneh or ~o In- thtef<t'1OSs. It ~f' that tho aubsol1 fit thl~ looeUtV Wl!I$ not ~Mt ty f .. Ol!:~ .. ~rob8blv ~·ttla tc, t'" .outhern ~u ... of the IOGaUty whore. t~ l~e twas ~ o.plJlll«d. 'rhl .. shuatfOft hili ptolJGO'V '8IItWe4 MJHUoo. T .... '.rger orQ r.~u, which JJppe"'- to con,I.t of $a.,lt pur.u-t'bl.,lto, Marly olf »~ to ~.rn ,~ ClUitf'tz_ ~'eh In plitt occ:~ra In ~Is'bl. a-gegetu .. I" PiW't In fine SJratn. I,2(1'V r~ogntubla wtth • h .. ni. ThJ5 ClU.,.tz I. vttrGOWl, d I. 4'1., that Which fonw p~t ot HY& itatrhc In whld. the Ihcotl ...a kfdl'tOYa "'6 C()j.\tml~. u
'1'herD tta. II ;:<If\S'd~rabt. ac:C~tat'Ofl of ,,'J«Id or. _ "I"~ weste atl H OIl tno~. I\pparent Iy this ~ .... J.l oou1d be C41\C~tt~tcd by J IggJng to yield _ m&rkot~lu product If tM I)r14.., 0-' ti,tlfOlY ~J'QUJd ~rrtnt r~lng thl. mine. S~.IOiI of ~artoua t~_ ." ore 011 the d~ Irtd14ete that the 4JOld emS •• lvlW 1ft tho tWd probabiV d:oa£ not ~ $2.4] 1ft ton fNOft 111 t~~ parca wbero thO v41~ eonsl.ts of • ~'Mtuts of '~~tafned quar-t;t Md ,ttbntt-... l1
.~ ~ ~c~~if1'lJ thhl report Is lin Intorpret"tl(1O at the ~t~ d6SCrlbod ~oy ••
H . L . HILL & ASSOCIA1"£S l. TO.
~_~.f.MJ!l!!'!'9}L'tEs.1t(.~,
( I) 1~1t_J_i.-o....!!.1
VANCOUVER. a.c.
.)U0 t\) per«i,dft05t '!lotfippt~(j I:Jy ,~.tt ld02Aet' h~ b~, dlfHcul t. 1htl;l l''lIJV~j ~ ))i),I't of l:hQ 'a }ciliak. ~.k ~ r~~a1d (In t,M ~t~r" ~t~sII().·. n 'r tho w)l,\ fof' 100 tt@c(.. Gftly 10 tt~ ill~tlir'n t5 ftWlt w~ b{,1,'lr<lck a~~j. 111 t;liSc ::.~tl~1 thtl \>.'e~ttlr\' ~t~al~,n tit> the \{'l~ i n ~".1G Cll(;,():..mt tvr ,.}j. .·j'il~) l~;t,j l:&tw.~ 00$ ,W~ ,~ fo 11~:
S 16 ilD 'Jldth .. ·ft Sb.·~l i~fIffl~;" k~ .,,_E.,_ .... ,.,.~, .,_:...,_ .. -.,.~_ ... t.. ~: ........ -. J ... ".._ •• , .~ ......... . ,
211] I.) )2.2' H1IJh 'J" )'lfJItl '~UIdI 21W 2 .. 0 $J. ijl. !)b «M td~ "h .... ,tlbrd 1.:6
2\19 :laO 24.04 ~b \~,~
'.120 ~. ~ ~£:i. 16- !:iu (.»( td(t allt \l.y~ 12.7S Sb ( .. ad.,
rho fh'i-t \\«) IHIII.\11. ''tPre&oot a width Qf 3.S felCt. n~ third ~,rop.l<a h 11 .... t'i>t»t. W<l$t ~14i a f'QUI"th Is a f:.cftl)\\t' nV() ~~t ww.ft. TI~ ':So~V I." (,l"4W$11~lt tha ~~tQ'n _W1I~ 1\')'1\ ~f' ~~ wUJi) (Nor a le\'.~!;h IJf 15 ii~t WId -w~".~~ W% ~b war .. width of 4.3 Ibn!.;*,
1hQ wrlt~r woYld e$tI&l~ta that .,r~'~t.ly 50%. of tho WttltdQf\V OCQUn M .ylphld1a eAd the rfWlll,)(I .... " ill O>Lfue. M. 0 \~8irly "h:P.1\l~J u~th thl.'l OXtde-5 ~qJlt ~ in thB r~{'oo of ,ut~hMS.
'root- \~r 'k hi~S laJtc.utoo 4 5!~~ r~ovel"Y (~~ 00 mude from the .u1phld.~ ~ Otdilla ore, '" :)t·llipr_or~t.A by th8 nbcNe '*'PIM_ On thh, b"h., ~{rt~ 4)1 ti'JWln"9 lor frllight, ~I H r~tU'y attd r~AH:v., N~ or~ tl4S 4J 001: timol t.fd r-llturn Qf $ 100 ~ too ..
t4ft'th .• l' thfJ fun wIdth ar SolrHw l00<4th of tho v~1:6r., GlttUl't1 '011 of U~ ~b. 1 velll tu." bocun lifCltormrllOO.
(2) l~I-Y.!L"!
1t'f~u~f~etfWjt work hM been ~l(tl;ed to daio to orn.ble art f.tIS(tS~lOOnt of thh~ ver" to ~ ~<4. U wUti dhlW¥Gtod during lAtu oot.~ tS'&~. '''i~(t trotteh h~ ~~.In thrlM 10fFl~ ~f oro, ml~ of whIch ~POM$ eoo.tl~~ (lief" ~ t~jth o( 6Q foot. fi41l H(}>(j gt $dt) GOO ld t)C(;l.fr O'Jor $ w Idtt. ot' to fmt _ fT{:tt.,r.~ t(!lO t~ by too l.'iri ter IM)rdrJOO 2..5.8ri~ ,.\t lliY.lIlY atJ<3;I( 1 .. (1 f~t" N1,} fihcM1 <»1 the ~ ~~MYlng this r~'.
H. I. . HI!..!...& ASSOCIATES !..TO. VANCOUVER. B.C .
.. 7 ..
tAh;bl\ f.I'Hb ?f'(lf'lOO'ty t:\I-{lj.'!i f,,.~t dHoolnoo, (It'J '3 ,~tU1~W" 10, '9S4, f."10 os ~t'p 1 (\~ t ;$~1 f r~ t no dl.~~ lFIfflr ~~ )!). t,:;; ;)n t h1ol"'h wh I ch WJS . cl"n'lld(tf" <W iy hi giRH' thl)\~ ,tJ'tJeI p~tw.. n"j ..,~lu .. of £hq-&Q <'l1Ii~ .. t~Hmr wHh UW;} i:1td rJubg d~"lptiofi of thoU Mt)',nrt'l i .. ~ the U.S. ~1~(~ \t)9 tt:.8 J t1u \ h,t i m •• S~f"~t~1£! thla ('-"COL~~dtlu~1 ~;) Ori,t k~l t!~ ~lr',;\.Hrty j;;nd \h''J.~ ~~~· t,'~/ .. ~ ':''fa 1?~->~ori9t i()., tl"rt:Kjr{~'1.
;ju tha \ .. wlt~,.·~ ii~1.)rt(j vi~it. to thtl (u'Opart.y, ';:':-1 {jet()1ujr 1st. t~ ~~h~1} wur~ir tl~t frorft ~ha lMgetit ddl:ll, ... ,hlcl'l .w~I·:l':lod ~Oa.s'.t', ~b ... I'Ind aho t1'1r-oo bulk It'''¥l1p'etl which 1I'$!'l""'~ tt~ fiji J~:
I .300 1:'~ . J, ~ a lOO 7. '1.01
';
4 _ .... ~'9.9 J]. •. t§.
\,100 .:.tl.$U
Ot~ to tho l~k Q1' t~t pits 00 thil dU&l'tH' tllQ t:o~mi)~ of (h~, (W (II ~ rocht<-;~;rl (t Cf-.1 1)' 100 t. t) l, OOD tons.
,.1,.-t)1;ttt.'l1in~J lit ~~D.6% t'~<W(J.rv~ thu dlJftp h0S A fmt ~J:j~lt~-. t'~t~rn v.alue (It' !lJl). (J-Wr to.n., (Jl' n totnl of ':J1S,OOO f+.;,}f' too e~l~lt1f·-I~tlVi.l asilf>\lJ't.'1J ,~ ",000 tons.
Tho vel\l~ of' d~ d~ oru coofh·,,1Ji. t.lwt U.S. Gwt-oul(!aJ ~urv{iy QtQttwants th~Jt dls.aewlnot~1 Mth'nr~v oro DCQUirS in thtt IHwtir JKj('J(t
botWQel1 ttwJ hliJh gr(!d(ll '~llt..l$ .mIen wer4! shlppM 11
On ., hl~lt of M.' 11".9 ~ • rat& of ~ to"nol ~r d~, Int l U ... o OOlU m--* fflAtrfMIhd -at ~ 10 ~r ton .. wer~ o')t. $$ pet' ton Ntd itMdtang d~ ore to the •• U .t S2 por tMJ glvh'f9 .. total ~t o-f $'1 p$" too. The ap4r<l\t11l-9 ~~ofIlt: on tha dUfi~) ore would b~~ 6lJ '~QH~l
l:{ot SmfJ J t4r ,'ot urrtS Op~r~t'NJ ¢~t~ - mt'lln~ ~'O
o.t.e,kefd ~ 1000Ing 2
~---
!~ .. J~, .r.9!:1J...!:2!.1Ul<w"'!~~,
$75.00
~Jl",99.
$;6 .. 00
In v'ew uf ~M ~ro(lt protootl8l ff'OIt thB 'h~ ore, It h. t4l: ....... uhMt t~ tflt pi t;~ ~ dug t.u ~u".~'V 44t.mtne bG-th ~r-lide et'fCI tanM90 0'1 tJu d~ ..
H. L.. HIL.L.II: ASSOCIATES L.TO. VANCOUVER, B.C.
T/llt )lol '()WIn,:) r~ts h.wta bW)~ "c::cQlv~!Jd from a; ... 1 [toY) R.~$el!l'eh t.~lborj~tc>r~.;" <:.cwc!rlf1Q la'{)rk On O}Cfdl~oo C"l"O from (-;1).1) dl..'{i~>9. rhes~ '~H tt3" ('<!.P(jri..5 \>utnl n<Jdr'~5Sod to tt,t) Hr ltiH' Hil<J :1' ';pod 0"1 JoIH\. '.if. ~rttto:',. j). i>lIJ~, Cor~tlH.I;'la ,'wt?lll\Jqjl~t: •
. ,
WO 91vu PQltlW \l MJr~m~ of r;ne (listS eaft'h\o1d out. 0" tr,6 SlI11l1J)'u of WUIlt./llJf(,id 811t ttOO!W oro wrdt!<1 W\! rQC:6lvoo 'rWl yoo Oft
S~t~ 18. 1$It4:
i\t'lt.I~)iJy (total) ':'b 24.oS~ 5ul~'lul' (totfil) ~ S.OI.'{', eGljl"~"llttl)e ~(> 1~.6'3'jJ,.Sb, or
~t<[. of tillO tot/il i:.,titl~({y In the orc. rho ron"al,,ot)r of tho ~M.fr.'\"+ t)j~y \1,'1$ t)roh~b Iy ~r\\S~,rt C$ tit I h l-co)1 (tie (mlH; 11:r.)!'Y ooh~r), !ibJ',04.H2~}' l}OOs1bly wlt.h utller O>(.'d-a M'f;(()r".s!lti ~U4:.i; tUi C:0rv~l)tJto, $b2't.4.
( .. ) T ~ lQ cr;nlC-mt .. ~.ll0,": All ~t tQf~r: w,..,. ~e to C<)i'tccntt4lto th~ Mt(~-O!t0~Tr«~ tiJil0. aftor cru,hing to M1/l1J.!4 10 toO$h. Tll4i ,.o.~u 1 tI n4j (!.(>(t~\&r1 t"ate W", hOMWtlr, of tow yr Mia, duo to IncCifq)ldttt lIbor8tlot't frt»t silica.. 'tl ~dIUOH, a twk6\ly 1015 of snt.I«lOHY occurred "1' thc!t tal)l "~.- ()WI ng to tho tendoocV f~ t~. It.b~h" to sll~ rtblldllv. This 9r~~ of eon.;._CI'4te cO\.Itd lHt 'nero-nod .by f' f ,~r gr 1 nd I fl9 o( tlld O1'U, ~t t M "ntl tOOIiV r4llOC'i4r';' would b6 poor} unless tabling Is tollowod by flottttiou ()f tho tabt>1* tc)llI'lgS.
(lJ) .f:).9!.p!Jp.!~: /I s~ 10 of th~ or", Wd ground to 59"4 r.1"us 200 I"D08h IlOd ~ t08tw, ~'t\9 "ada "h, scdlum cvanld~. act8d acutatc, hopropy' x-'11th11ta, Oow1roth 250 ¥td ~IHtj Qll al n~lth I too rOiJ9~i t.OnctmtreuI vla.:a Cdf.Mtlod thruQ t lo~~.
H. L. HILL 8r ASSOCIATES L TO. VANCOUVER . B.C .
Ii jl~ Flool C:()."'ICCll'1trQta ~I<jhed 15.1~ of t,ht~ fo.«l mId ;l'JfiOYOO QB. 7 r~ :; b, (). t 5"~ ,,~ .1''1d O. 02';~ !' b (;)Sli.~ys by C{)~rs t :~, d r T d U~ '~n 9 J rlhr~ ~ld C"*ill~ t~ ltd.; a c{wc:k l'I~:'Hjy carr' cd oot li, our hbor i~tory gINa O.\}H':~ {>ll). The f"OC(y.lery gil tho fin,:d C()l'lC(mtr~t(') \·/~S (~'J~l to 41.(~~ of tM total 3r,ttll;(l(')Y ,,.,, tho uro, or }Jl.U';~ of k:h.:.: ~tlttnitfi. Al1ow(:lg for r~JrclJlr't'()(1 of t~t'J (:loa~H.~r tilflh<f5 ,;llld ~cd'Vo.rl90r cOit<:t)ncrilt(~J It hs a.xp'\'lo(~t(,-'d thnt at lez)st 'j~:.~ of tilt!! stlhs,lti' v,/Quld l~ roc'.wo .. ~tl tn ~ <::(;jnc.antr~to ()~~ ;rylng ave., o5:~ ~lb, ""Ith l~~ t1\01) o.:r~ !;s plus ilb, w!wr\ troatlrllJ slml)..,r Ol'(~ }n a fll)l sCl)l~
tlltll."
O("tabur ~l# 1964.
I ' ri O: ;~ntil\;o~IY or~ ..w;1HtyS ... du~' s<.l.~l(.$ I·.r;colv~'
~, ._ .... 9SJ.,(:~~~f._.7~_J~~~ ___ . _ . ~~_~. __ ... __ ~~·_w __ ..... _ •. --~_._.
rhh h.i to conOI'1Il the fQl1Gwtn~ ()!isc..yll and cDlculMlnns, which \"Iero 9~v6n to you by ",hona lost \,/~1,""k:
ll~10 iot£,d Toto' SulphIde O)ddo Sr.')!., I'roport Ion of Sb ':-{, S 'l S~(Ci) Ie.) «(.:(~ Ie. &'f &ulphld(Jj Sb .:~
... -................... a- ............ , _ -_..--.. ....... '" dlff.) --~- ..... ...-.~-.. - ....,.... .... .,'-..- ...... '_ .. ...--._ ... .. -u . ____ -.. .... _
ih.ll'l'lf) No. I 26.3) 4.63 11.72 14.(,1 ~4.5 -Ih$'l$) i~. 2
~fuSi ~)I 2.2.71) 5.7l 14,51 8.24 63.3 HlnlJs ttl 1~.J7 , .aJ 4.63 14.54 24.2 ()vera! t 21,OS 3.00 9.133 tt .23 46.7 Du~ lk,) • I. 17.3& ).sa 8.00 ').00 49.6
* /~ ~tlumi ~~9 all liU lphut" _1D9 pr~Mt no onr.lmony ~u1r>hldo.
52.6'X, of the dlJlll) .140. 2 ¥-~Io s6 r (lJe6'V"J w'-"S ~oan(Jr thliln V'. I ri ordef' to dot erm t (\~ wnoth8,. t no fllles wera tCbJ ttlH}tI!dh in ItlbnltEi to bQ dt~~rdooJ tho plus al1d ((\Inus .. ' frllGtiooll wa"~1 r.r.»'~'I;yiQd 5~(lr8tot.,.. 71.7t. of tlMf flntrl'llOf\y fiulphlda ~14!i tn tho plus. ~, fractloo, but tlw. rolrttlf6 ~t fr.w:.tlOll Btlll <:Qiltai\,.oo 0flouOh 9tlbnlta CI) bo ~i"th treatlnu."
H . I. . HILL Ilt ASSOCIATES LTD . VANCOUVER. B .C.
"
.. 10 -
) .s : .... Jr01:\U QJff' j ";~1 ;>llf COt' lv"rr..l1', ion rYl "'uc.:UII~JQ" 1-/, ~ havu c ,~.rf' I ~ (Jll( ,t f tot ,:t i I)':t ,m ~tIrb I 'n 9 I:()\' t on &. cr~'i ~).')'.5 i t(J :>.~.p 14 or ()ar~ r (.lIly .'i)( 10 t ?orJ or~. ft"f,W., <it..lmpr.. " 2. ,-y...a '. «(j{~I£O t ~V~ I <;lit!i) ~
y I,~ ,:>ru \/,}{,\ :).ow~t.1 ~o W~ rn I i'lL's, 21}1) :\~~fi h "~)~ ;: h i,;! ') t Q un' t;u w<}~ f 1 ()ltt ~"Jl. Y he rOJ9rlf:W C;~;1'\C'IN)t f-jlHl \~JI/.:I <; hli%lt\~l tul I C~ ),!'; \:!i.I thiJ (~k.lJtt~i· t"dllllJ:}~. ,"~'11~ c.(;I\~)ln~ \>Iirh t()t'J f(ilU<)l-'ief' J:'kill .' )':,J imd ~;.'rolw til ord~t· to rocovcw tri@ "ntlmony ~ld'J (}'Iln(lra'~. Th~ t.W l.e C~'1c.cntr~ttt 1W.1I5 c h~(,J.!,UC'1 l.'Wj(l4~ 8O{J than !).a.ofloo, but ti'le
·.'JY <1dd h~H·(W~j Cia I y $ tl gh t ly tnt he 'It~'l!~\d' ciUi)U 1 ntJ llnd J)~\ll i ~'19 opc,·~tl~. l'hiLI ,·oc I(J:M6( tll' ling i~td tmnnln9 t~n IIHJ ~~J'\~ thGt'afortl "'-~tl~t'l'il)'~'<l ~/lth r.i'iS j)l'mnh~.l l:.()(l-.Cmltrl.'t;~ to f,~fon';') til", cuncMtrotl~ ,1ft:;;",· ,:~)<'t ~. :t~UI'/jD\o:}. ~,t:,"tilts 'I'C' I"~ n:9 h~11()lttr,:
r,u.iW {Jf .. 59>J91.!'--.t.! .!' .. ~~! 'l, S b
;~ /111 X, Ph
r btot lan T.!Io ltl Cpn.c. COOG ..... ..... ,. •• l1li • •. .". ... ... 0,01 . ·IJOO •. f . , • • - .... ' ,'1 ......
II • I
68 .. 5 $2.5 0.10 J .22 0.00 G.OI
34.9 2.3.1
'* 1;wft'ko{,;'
(:d .0-. O.fJ3 o.os
sn.6
i\ntlmony is sold ilnd ~lootllKi In thu r. I), M.J. Mlnora1 lisrmt, ~ B molal (Y).5/1 Sb) wid .J:tli t,ut:'mOI~y ore (~O .. 6!i'.~ 5b). r~ rrel/~'lt prJ"o 1& SSt to /bOG p~r' lb. for too Il14t01 whllZll h 2:l U-tn~tt0l' p,'odU(;t, iIliuJ ~ut ~8.(,\.() p~r unit ~ Qr ~ pe.r lb. of tMtllt rtl?ld Mt l~lf)i,y tn cnW0 ,,')ro. itWl Py leu f)1)hJ fO'r I1lnt In--:my c()t'\(~tC(}trJ:;tM, U'oJo to ~ntltlzln\) c()Sls, h ~ll9'l~U'iJlIy S to H1Y~ '()W(Jr thim too pricf'i (l'I11~ for erud~ 5)'6. lho prtc6~ quoted In thc:.\ Ii & H.,J. !-·Hnorill1 Morloatlt ar0 ~araltv C.tvP. bUY0r'& port~
K. 1... HIl..I.. a: ASSOCIATES '-TD. VANCOUVER. B.C.
OIl ....
,-
OW trtg the t*l vo- perfcat prior til I' .... r lrel" ttto prIM uf .. tllUlV "eftWlrrted ,.,,1, .'a.iy at "'.00 par ~It, tW 20c pw , •• 0 .. prf~lp.ny to t .. whhtr ... ' of ChfMM _,ttlGIn'( tAM ,lie .wld tUrkeu the p.rIM of IJfttl..,y rM' ...... ",'nt 1963 .. C8 ~,,,,.., pel'" ~I t, or .... per Ib.. n.. V,esMl prf.c.. 'I AeW $$ •• .. ~Itt or' ~ ptM" ,... DUa to t .... toHowln9 fllCtGr'S tho. ,rice of _tl..,., s.hDuld u""la .. 11 ~ the .,14 prIce:
(-> Aftll-mny bU'f"'., • ..-. of ttw uncet'talrrty of' • CUfttilMMlS ""'" of the Chi.,... 0 .... ..,Id _lcr.oM 01 ..... pr_uatlan. rM CtdMto 01'0 ,. cr. ' ..... ,w.ly 1eM ...... , .... agln9 eft.., SO..\ to ~$;r. Sb.
MT U19JN ttWSET
__ ~."" ....... to .a_a:. ,,.eUc_tel theN ..... ". be • good .,..,.kAtt for .. tr...., ... Of' CGncentre' .. pl'OIhsuct I.., At .....
lurlft9 t • .J , .... u.lted SC.t. 1.lIIMH't'" abcIut ".000 tOM '" .. ,~ ore MIl ___ , ... _, na~ fl'. , .... ,_ ... touch Aft'c •• At ,hea ". .... t ...u' ,rt.- tr. 9rot. v.,. 0' t .. U.$. 1.-' • ..... ..... t to ~ ~IO.OOQ,OOO.
~ _tlMled U.lr lllllpOf'ts for Hl65 .. 9.000 t.anS~ of ""Iet. ttwt I8XpCt ),000 tans "*lId aDt f .... iitIQ ~.fNt and ... t fill .......... ,...,. fro. IoUvl.. Tha ",.t .. of tt. '."". ItIPOftA "" _"~ ....... cata .. ", ... wawld ~ to 4Ibau' f1 ,OOO~OOO.
~. -.... ,. aIIoat SOD WIt af .. tl~ an ,. 'fMI' ,,. ... C'dn..
A portl. of .Jther die IJtlft.J Stat .. Of' ....... ........ ...... 1M ._U.,. te I.'" ft ...... T1w _u., of ... Chi ... I .. • "bbIIlcI'nfjI ...... ,. f!If .a.11IOn1 ,. t..he 'I'M worN. ,., U .. 1tW' .... ell ,Wt, , ..... -harp I ........ " ,...to. n. ""U.r 1. of t .. _',,'an that beth t .. '._"_ ... ttt. Un'bId $,.0. .. U.any ....... ,. wou~ pr.t .. ft"" .--"ala MW,c.e 01 ,,-Iy. 1ieuth A1rlun ... ~It\ll_ GJltMWU (r4UW 1I1so IMI -" .. t" *'" poUtla.
H. l.. HIl.l. & ASSOCIATES l.TD. VANCOUVER, B.C.
!'~~~'*')t W't-lt t Hni~ l.\\n'l!'tI~1W ~nd#i!!.~ ;'~fj'Y b~i\t\lo:~ll'~i!~ 'iii lhr".' J!f..d,~~ l~~ :~t,liO:1!~tl\\1#i:itl ;:~!~~'1,J. i $'(~h;'i~;I1:f! ~,$,;d.,II 11#~~ ~~'~il ~'Mijti<:l;tilt\l:r" ~~W U~,_~*~$t@ ~(~th'i'~II>~\r l)~''/I\t'l~~ 1'~ U~ t'fJ~t~.~UV~ }$4.tl~ (;')f iJj;l~t h\\lIi)t\l'1'I(:~~~t~,~tt".&>t.tJ!~
~ 't j!<.I"·'1 •• ",c,,,, IJ..Jl "'r 1I"",~,... ~ I"~ Y, •. ''" "j\' C 1< ~, .. ,,, • .,£ .,1.ftt". .. ..• .,j; ,tlVt l' 'l. 'ie' ,f i<'-l ·,;J:V:'"Hr" !H.ff -'!i) ~'lp",!¥, ~~ It ''l r t;I1 ~adi~\;f!~t:t 11 t. ~t tI ~ h~ '~iJ~' ~~"".lli ~ I!i':$~
,\fi hi';} <'Ii f .~:~~"'~;H" t ;:~ ,I, ~ f'M .I.\t t~l y~l!:.fJf' r,1/,M" k~.tf r~~l ~(W) f;(11- Jf,1(} !l;il'i!ll't (,~t' f;:!\~q(I.~~"lit.t" ;.~t.,;;w.. pIP!'" i"~r~'t:h!p
S.1p!~r.< ":~~,·f,j.iW:~' -~:~~rr ~~~~1;f.~~~~~.;'~ti~ {:;'j~~frJSln~t bt~ ~~";hVI;;:kt';· '¥d~ :(:~ .. ~ ~;'1*~'~~'~ t~
1~~J'!1!tJ J:~t. ~ ~,~;:~~"i w~ t~ lf~,j'.m1ti'/:f.tj&~~ \,.~tt f~ ~h'iJ! (~'ll h~~ '~i t4!lt')f,,,, ~~::vIUHJ.1i1f.itri'J,,, ~h~ f'~l$~ ij~\ifi~J~'~,~\\n.'i; f~ilIJ::;.:t~~ h. thiN,lM~'U;f~r"ti? ~~,'lii!'ih~~~ hI. thlli 4,~:n~"", 1 h)¥tt1.ill;Yirrt .. ~t ;'f!! f ~e:r.:.i'~" p~' ht~ ,,~:, i ~fi 'teJ()ttJ l~~ ~\?f f i:!;~ h~,f; IV h! {ph tt~
~ {,~ ;~ 1 h"!:f'~";;; ~ ;;::IU~~1 t(~ t,Yf)}{~:}" t,~t, I\~ ~t; ;~, ~w (!If i l'! ~iIV":Ii'~ ~ it;r 'h~(' rt\(.l1itiO;~ 'f''i~b~~~';J!J~'lI thilit ~;:!If"~",ZMld~t l'itl\t,r.i~lt 1~~f M'U!~~~!~V (!;;~.i~ a~\I~l~~!I'
~'f' ll'M~n~1 {':i,1·hm hilt k~l~ rjlj~M;ikt tIT!! '11~ilitil1:'nliliH\'(Il U'it~ ;~;i;';,(~'Xii!lS!h.~~ ~;.'lf e,{"I,!t: ~I~:¥f ~U"C(\hi4'll~t ~·,l,)t ~~t'.tlr "'t.$lrl,,~itt ~'lr ¥~i!lI;'ll- i{~ 1Iarlio",ut t1f'~"'}lfu :,~~i _t f~ 4!i'i'rll't. {~~h':ou h!.t gi,);fl~' ili~\t'I b4i~'~ $(!l\'~ lir.~ 1 fhl~~ il!it. j~ ","r,t~ll !;o t:(i!;'l!,') .p .. ~r ~~fI f'P~M"'C':lth,~~ ~!!(~1#.t~~ ,,~~rd~',,~,#,\'t i~l. * U~~ ~'*iQ'\l1'i)!it'hw~{~~ ,t1iY~~ IIM,(flthMttd ~iit r.~~ir,r v,1:.'.Wt}l ~r ~~ltsJ!~lmJ priM' ,*~)nt!,h" d,) g!~ ~{lfi'>1'l*'!C~',l h·~'ii'j mi~h~ f:.IIW~j~~",
i1rw@ iI~' t.~d a t f~N~ ~~1ii\l~(:1~ir!\~~",{!jii;l ~it);.{~ t<; (!J;~;;;';/,.~'~t''1 "tt'#",IIi,,", .I", .. ",,~ ;"~. ",F ";;.f~I, "',i""_~,,,,1> '" ."'''''6*' 11 '\~·1i·Iii..'»f,tl~l' ~" n ",,1<''1 ~k.~i1 :'~t \-t"~'~~~r'1t'F~1 11: .,:l{~': "il'
l{ill~t 'I~'fi~ h1(i~i" ~·t;lt.j,Jif'\ V i,;)~ h4~1\ ." ~:~; ~~;:}" ()(~ ~k{M' ~ ~4J h;
.;~, 'i 1f1 ~j\~ r.;j~·t ~;f,r~ i t ~,j\)~tr "'~w ~:f'1If t..tn.1; (:.(~ ~~~ ;,-~ ift ~J:'-t~ ¥:§,-tfti~' ~~l'~ J t
;}~,\~~. 'ft t:~f.;~ ~)'~l:~ f~ :.~~J ~ ;l 't
~~~.t~ 4~ '* ts. ;~; /, I(~~
'; :l{~'.fi ;itftl J f 'l'il{~O 2'!!.~~Jf.J :¥ t) '" '.:~~ C~l 1 St1 :~(~(~
,;~ ;$ " O\~*~l (}l~'$~jvQ
.;,~2i~) ~* ~!iOt~O ':i l ~t*OC~
H, 1.. , HII..I.. ec ASSOCIATe:S I..TO, VANCOUVER, B.C.
- 13 ..
T .... aboW!I e.,kubtt.,. 1~I~tc thflt ~ (fOOt' p4"1~ .'lI ~ .. oo PIIW' too wauhl 0. .... 1' .. en ttw bar. of 1t)';{1 !)b ml H ha..i • .ond a , .... c:ootrnat t'« IS 1111,,1 .. of 200 t.Qnl (\of CalAMtl'ataU per ~t".
Tho ~una:'l'~1 Qf tlhlpplnq hI<Jh Ijt"MJo crud. ore, IIf11d5 1-90 reS45 of hl9il :Jrlldo gf'e itl'O uncounteW'Oli, h, IM'H. ~tt"liCtIWl dtM \0 ~1(t9 COBU4
rllG w foot I)rM~t Ihlffu ,hou h:J b~ !jtJn" on tM a'o, I .tel. 1. l,IatllU t..:)9'11tlt4r with :I lhalted .~U 1;1~ rJrHt'ntl. fnta ~III., " I" o,..~ ~t;Ould t.1f1Y.tap illtflc ..... ' tanft.egCI t~, brlqg the property I"to iH'OChct.loo .u • r.dlllng rMO of ~ t~ ~ dllt. Yflf. pragr •• 1Ib'",it Is oatllllatod to cost ~70,OOO. s.nwid bse ~aII'l.ted ily ..k.IAlI 30, '965 ..
1 on&y 3 canly
10 ~ty a QAl~ 1 only • only
600 c:uoO It .. ~.aor Jaa'" n-n (If.t I~ as hoOp. t."iner holsta ~lal .. tr.I .... (dfy, of'lca, warttrhousa) ..... tlr_. or .. MR, ate • atse.U...-oua SAlU 611iqul~1: T nne po' tat 101
S &.,.Ing. labM _ i~ 1141 .. 100 fI:. (;i1 $l00 P4U' foot
'atln...- Ing,. tr~port_ 1m •• tc:'.
~.~.t.G.~
$&0.000 3.000 2.SOO St OOO 4.000 5,000 2,000
-L.~ ~S%,SOO
'0.* . ],jfg.
$70,QOO ..... i: ••
n.. ::i I tv.,. ~Idoa ... ,,109 c~·~ ~ .. g'" Creek $Rllraony ...... t lit r.l,baiHd I~ ~'d"Gd to be 46 prOlipect: of rlIDrtt. At tt. p rfteIl t t 1 AlII thlllr«l ar. no pt"0Ydn ore .. d.U·ves ~t 1000 taM of d(dp ore which iYf !'1'ltJn~ ~Id rfttutl'l M oper.ntln~ pl"Qrlt of ~~.OOO.
H . L . HILL 6< ASSOCIATES LTD. VANCOUVER. B .C •
.. ~ ..
Ou. to t .... S1ACeSt eneountered bv tM 11m. i4ld ~t ,:Jf wor'< ()~t .. ted uu'l~ tho F.U t1f 1']61~~ ~ld to tM t)_t ~roductf~ t8COrQ of the ~tno. 1IIe fQQ' ~M pr()G~ect n.. ~ po$slb 111 tiM (Sj' ~c..1tII1 •• U&:&8S.fu' produe..u • .nd thus \'o'OlIld rcwmond that; tho S 11),000 pr~r i1Im ~ .m .. ,. t alWln •
H. i.. Hau. f., ASS«lATtS LT~.
HUt/rajr
H . L . HIL.L a ASSOCIATES LTD .
to
IlEPORT J DATED JAHUARY 25) 1962J
on
THE EAGLE CREEK ANT I MOtoN HI N£-
.FA I RBANKS t ALASKA
The nat smelter return yolues used In our report of January 25th, 1965 on the Eagle Creek Antimony Mine, on Page 12, were determined after making the followI n9 deduct Ions.
I. FREtGHT AND HANOLIt-lG .. Sc per lb. Sb.
VANCOUVER , s .c .
The fo11owlng costs are based on the production of a 60% concentrate from a milling operatIon at the mIne, and ihlpment and handlIng to Japan. Lesser charges would be applIcable for shipment vIa Anchorage to Japan or to United States we5t coast ports;
Per Ton C2Qcentrate ~er Lb.Sb,
TruckIng - mine to Fairbanks Loading at Fairbanks Ratl and boat freight - Fairbanks Anchorage to Vancouver Unloading Vancouver and storage Loading on boat - Vancouver Ocean freight .. Vancouvor to Japan Insurance Miscellaneous (allowance for mo'stur.)
$ 5.00 1.00
23.00 3.00 3.GO
18.00 1.00 6.00
$60.00
o.45~ 0.10
1.93 0.25 0.25 1.50 • 10 ~ 5.0 ~
H . 1.. . HILL e. ASSOC1AT~. LT D. VANCOUVI!:~. II.C.
- 2 -
2. PENALTY FOR FI NES - 10%
When calculating net smelter returns a maximum penalty of 10% was deducted for fines. It Is understood th6 penalty varies from ~4 to 10l, thus t here Is the possibility of a r eduetlon In t he panalty chargeS.
3. ROYIILTY' 7;1.
Tho royalty of 7i% payable to the owners up to $400,000 Is calculated after freight and treatment chargoi and, depending on the price of antimony or~J will vary from 2~ to 4( por lb. of antimony.
The following table shoWs the net smalter return value basad on varlQYs C.t.F. Jap.n prices for antimony are:
guotod Price Oeduet Ions Net Smeltor Return Value Per Unit Per Lb.Sb IO~ Flnos Freight R0:ialt:i Per I.b.Sb Por 'Un' t Per Ton
Panalty ate. - - 6q;5iinl ! $8.00 40c ~.Oc 5.0c 2.3c 28.7c $5.74 $344.00 7.00 35 3. 5 5.0 2.1 24.4 4.88 293.00 6.00 30 3.0 5.0 1.6 20.4 4.08 245.00
'::·:5;00--.. 25 2.5 5.0 1.3 16.2 3.24 c:T~.90 __ 4.00 20 2.0 5.0 1.0 12.0 2.40 1 .00
Although the current E • M.J. prlc. for antimony metal [s about SSe per lb. and the price of ~nt'mony ora 'S 40e per lb. of contained antimony, the realized price, after the above deductions, would be 28.7c per lb. of antimony.
After allowing for a mInimum millIng recovery of 89% the nGt prIce which could bo applIed to the MIll n.ad. would b. 1" por lb. Thu. 10% min. ora would have I value of $50.00 per ton, 'rom Which would have to b. deducted all operatIng and overhead costs.
A floor price of $6.00 per unit C.I.F. Japan would produce a net return value of 17.3( p.r lb. Thus l~ mill head. would have a value of $34.60 por ton, whIch 15 .only slightly .bovo tho estimated operating coot of $30.00 por ton. y
Fobruory 17, 1965.
HLH/mJr
H. L. Hill ~ ASSOCIATES LTD.
Henry l. tllll
r
o
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o T /''.,..- 20 •
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