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year or two can be saved in getting to production by entering the property at a higher horizon, the difference in accumulated interest will more than repay the infinitesimal extra cost of winding through a combined shaft of somewhat increased length in the inclined section. The unknown character of the ore in depth is always a sound reason for reaching it as quickly and as cheaply as possible. In result, such shafts are usually best located when the vertical section enters the upper portion of the deposit. The objective in location with regard to the strike of the ore-bodies is obviously to have an equal length of lateral ore-haul in every direction from the shaft. It is easier to specify than to achieve this, for in all speculative deposits ore-shoots are found to pursue curious vagaries as they go down. Ore-bodies do not reoccur with the same locus as in the upper levels, and generally the chances to go wrong are more numerous than those to go right. NUMBER OF SHAFTS.--The problem of whether the mine is to be opened by one or by two shafts of course influences location. In metal mines under Cases II and III (outcrop properties) the ore output requirements are seldom beyond the capacity of one shaft. Ventilation and escape-ways are usually easily managed through the old stopes. Under such circumstances, the conditions warranting a second shaft are the length of underground haul and isolation of ore-bodies or veins. Lateral haulage underground is necessarily disintegrated by the various levels, and usually has to be done by hand. By shortening this distance of tramming and by consolidation of the material from all levels at the surface, where mechanical haulage can be installed, a second shaft is often justified. There is therefore an economic limitation to the radius of a single shaft, regardless of the ability of the shaft to handle the total output. Other questions also often arise which are of equal importance to haulage costs. Separate ore-shoots or ore-bodies or parallel deposits necessitate, if worked from one shaft, constant levels through unpayable ground and extra haul as well, or ore-bodies may dip away from the original shaft along the strike of the deposit and a long haulage through dead levels must follow. For instance, levels and crosscuts cost roughly one-quarter as much per foot as shafts. Therefore four levels in barren ground, to reach a parallel vein or isolated ore-body 1,000 feet away, wou
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