Itogon, Suyoc Ore reserves show sharp increase
Media
Part of The Marsman Magazine
- Title
- Itogon, Suyoc Ore reserves show sharp increase
- Language
- English
- Year
- 1940
- Rights
-
- Fulltext
- ITOGON, SUYOC ORE RESERVES SHOW SHARP INCREASE A substantial increase in ore reserYes at the Itogon Mining Company and at the Suyoc Consolidated Mining Company has resulted from development work during the first months of 1940, officials of Marsman & Co., Inc., managers of both companies, reported. At Suyoc the ore reserve estimate as of April 30, 1940 is 292, 980 tons valued at P8,180,300, as compared to 254,230 tons valued at P6,762,557 as of January l, 1940. This ore reserve figure does not include the 25,650 tons which have been mined and milled during the period. The increase in ore reserve for the period of 38,750 tons valued at I I Pl,417,743 came from successful results on the 2000 and 2300 levels of the mine, the deepest workings of .the property. The increase in ore reserves at Itogon is even more pronounced, being 152,500 tons valued at P2,734,000 more than the estimate at the beginning of the year. The estimate for April 30, 1940 is 617,500 tons valued at Pl0,612,300, while that of January 1, 1940 was 465,000 tons valued at P7,878,300. Most of the increase came from the ltoe section of the mine, and from the hanging wall of the Taka lode. During the four-month period the Itogon plant treated 109,000 tons of ore. <!rarbtnal JJnsurantJ;l OlnmpanJl 28 HEAD OFFICE: MARSMAN BUILDING MANILA, PHILIPPINES When You Need INSURANCE Cable Address: "CARDIN AI-MANILA" Poat Office Box 297 Phone 2-32-32 THE MARSMAN MAGAZINE for May, 1940 A large and enthusfostic group of employe~s charte1·ed this launch to pay the1!' resp€cts to Jlr. and 1Vln. Marsma11. "MAI3UHA Y" TC Employees, staff members, and many friends turned out on Sunday, May 5th, to welcome Mr. and Mrs. Marsman 1'l1e Yacht "Sculiro.-;" icith a group oj friend.<; aboard met the "Presfrlent Coolwge" outside the breakwate1·. fHE MARSMANS back to Manila. These Yiews show part of the welcome which the Marsmans enjoyed. Secretary A.la.~ wa.s one of the first to greet Jfr. J1arsma·n. Mr. Strait and Mr. Yaras got Mr. Marsman's views on conditions abroad. And Pier 7 u:ru; packed to the rail as the "President Coolidge" came to her berth.