The Wallace miner. [volume], June 27, 1907, Image 1

About The Wallace miner. [volume] (Wallace, Idaho) 1907-current

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THE WALLACE MINER
WALLACE, IDAHO, THURSDAY, JUNE 27,1907
Five Cents a Copy
Vol. I, No. 19
Splendid Shoot of Shipping Ore Already
Opened in Lower Tunnel
T
H E Bullion is a mine. It has a good body of shipping ore already
in sight and is proceeding as rapidly as possible to uncover and
block out more. It is also taking the preliminary steps to commence
shipping, a survey for a wagon road which will be built at once being
now under way.
These statements may seem somewhat exaggerated when made
about a property whose stock has been selling around 10 cents a share,
but they are facts nevertheless and can be confirmed by any one who
will take the trouble, as did the writer, to visit and inspect the mine.
We can only surmise that the reason stock is still, obtainable at such aj
low figure is because the public is ignorant of the great ore showings in
the property. The writer was skeptical about them himself until he
saw them.
The Bullion mine consists of three patented and five other surveyed
claims just on the Idaho side of the main divide about four miles by
trail from Borax, Mont. They are in the Stevens Peak district and
occupy the southern slope of one of the valleyB which drain into the
North Fork of the St. Joe river. They are thickly covered with timber
of commercial as well as mining value.
The new main line of the Chicago, Milwaukee <fc St. Paul railroad,
now under construction, will pass within about three miles of them.
The Bullion mine is believed, to be located on the same great ledge
as the Wonderful, Champion, Park, Springfield and Comet which all
lie to the west of it. At any rate they have similar characteristics.
Whether it is the same vein or not is unimportant since it is certain
that it extends beyond the boundaries of the Bullion group in both
directions. .
Development Proves Wide Ledge
The workings on the Bullion, aside from some surface openings in
the nature of prospecting work, consist of a short upper tunnel on the
ledge, a perpendicular shaft 90 feet deep with a 60-foot crosscut and a
400-foot lower crosscut tunnel with 170 feet of drifts on the ledge from
one of which an upraise is now being made to connect with the shaft.
whose collar is 150 feet above.
Both the upper tunnel add shaft showed considerable ore that with
hand sorting would pay to ship but their main value consisted in thej
fact that they proved the ledge to be in the neighborhood of 40
wide and well mineralized throughout, the principal values being in
:
copper.
The lower tunnel has confirmed this information as to the width
ledv but H did much more It tapped bjjt did not lull, crosscut
the vein when m 396 feet at a depth of about 180 feet. Drifts were then
started both ways on it but neither drift has yet developed the ledge's
full width though both drifts prove it to be upwards of 30 feet wide, the
All ,of the vein matter is highly
It is in the east drift that the big shoot of shipping ore was and is
being opened. For a distance of 40 feet and right up to its face it shows
The face is right
. ,
week. The upraise, like the shaft, is perpendicular so the ore body
dipped out of it when up 26 feet but there can scarcely be a doubt that
it extends up to and connects with the ore body opened by the crosscut
from the shaft which comes practically to the surface. If it does not
filling being mainly spathic iron,
impregnated with copper in the form of chalcopyrite.
Shipping Ore in East Drift
an average of three feet of high grade chalcopyrite.
under the shaft and the upraise will be connected with it inside of a
do so then there are two parallel ore shoots in the vein.
In the face of the drift the ore showing is very handsome, just as
rich as any part of the shoot yet opened. Wherever you pick into the
bottom of the drift you bring up ju.it as rich ore as any to lie seen on the
dump or that has found its way into town to be added to brokers'
displays. It is singularly uniform in appearance and value and lequires
little .or no hand sorting. Everything indicates that the ore body
eXtettds much further to the east as it was there that the first discovery
of rich qre was made on the surface.
West Drift Steadily Improving
As to the west drift, it got off the ore str eak either into the footwal
country or into a horse. It will take some crosscutting to decide that
point. Meanwhile a crosscut has been run back 20 feet towards the
hangingwall that is all in highly mineralized ledge matter with no sign of
the sought for wall yet. A continuance of this drift westward, which
is gaining depth very rapidly and is now about 250 feet from the surface,
seems certain to develop another ore shoot as the percentage of chalcopy
ite is increasing with every foot of work accomplished.
SIXTEEN FEET OF GOOD ORE
Old Montana-Standard Makes Sensational Strike
At Depth of 900 Feet
A strike of first rate importance was that made last week in the
Montana-Standard company's property near the Mountain House
the old Thompson Falls-Murray road. According to the most
reliable reports it consists of 16 feet of good grade concentrating galena
opened at a depth of about 900 feet in a 1600-foot crosscut tunnel.
The property is one of the oldest in the Coeur d'Alenes and has
shipped some 250 or 300 tons of hand-sorted ore from its surface
workings. It is owned principally by John Murphy of Mountain
House and Mike Maher of Burke and is understood to be under bond
to eAstern people for something like 190,000. The long crosscut
tunnel was driven by them, Mr. Murphy lx?ing in charge of the
work.
The strike is of the greatest importance to the Mountain House
district which has many fine surface showings of ore of which the
Montana-Standard is the first to be proved at depth. An adjoining
claim, the Bullion, which has also shipped some 200 or 300 tons of
clean galena from its surface workings, belongB to Thompson Falls
people and is said to be under bond to Missoula capitalists.
A more detailed description of the property will be found in
another column.
on
CHARLES DICKENS A WINNER
Ore Shoot in Winze and Stopes Steadily Improv
ing—Shipping Resumed
Since the writer spent a day in the last week of May inspecting
the CharleB Dickens mine, which was fully described in our issue of
May 30, the winze has been deepened nearly 30 feet. The new work
is in ore all the way, a streak two feet wide being solid 70 per cent
galena and the balance high grade concentrating ore. The last
crosscut of the ledge was made 30 feet from the present bottom of
the winze and it showed the ore lx>dy to l>e no less than 14 feet wide.
The vein itself is evidently much larger. The paystreak has mani
festly widened and improved in quality as it was sunk on.
Nor is this the only place in the mine which has shown
improvement. The stopes in the main tunnel have been widened as
they progressed and they too show more and better grade ore than
on the occasion of our previous visit.
Manager A. D. Gritman, who has been in Moscow on business
for some weeks, is once more on the scene and this week shipments
from both mine and mill have been resumed on a large scale. The
production of clean ore will now average at least 30 tons a week and
of concentrates between two and three carloads. There will be no.
cessation in shipments, barring accidents, from now on.
1
VIENNA-INTERNATIONAL
The Vienna-International mine
Placer creek is looking very
well. The shaft from the No. 2
tunnel level, which is located
/ight under the raise connecting
with the No. 1, is now down
25 feet. It starts on the ex
treme east end of the ore shoot,
which dips strongly to the west,
but nevertheless continues to
show gocxl ore all the way down.
The new machinery, which in
cludes a boiler, hoist and pump,
is all working satisfactorily.
on
WEST NINE MILE IMPROVING
Ne " r,y Ful1 Gr " ,e 0,6
. ,
on the West Nine Mile company's
property continues to show improve
ment as it progresses. It is now
some 14 feet beyond the timliering
S' £ "t low
gradc ore j t j a right alongai j e a
perfect wall, but as the rock beyond
it shows much mineralization a
crosscut into it will be made in
another 10 feet or so to demon
strate whether it is the true hang
ingwall of the ledge or not.
The wagon road to the mine whs
completed yesterday so rigs from
town can now drive right up on the
dump instead of having to lx> left
at Bunn siding a mile this side of
the mine. Four men are employed
an( j a 8econ( i p ],jf t w yj t M , pu t 0 n
after the Fourth.
As already stated the company is having a wagon road surveyed
from the mine to the Northern Pacific railroad at the siding at the east
0 f the Borax tunnel. Engineer Phinitcy is in charge of the work,
will |>e between four and five miles long on a maximum grade of
e jg]jt pgj. cen t and will enable the mine to begin shipping this fall or
w fptcr
The officers of the Bullion company are: President, Wm. Squance;
vicc president, R. A. Marshall; secretary and treasurer, J. H. Taylor
o{ the d'Alene Ironworks; directors in addition to the above,
lyjjjjg gteffans, John A. Klingnmn of Cleveland, O., Nick Thornton and
' °
Frank Taylor.
Stock Ridiculously Cheap
The company recently increased its capital from 1,000,000 to
1,500,000 shares of the par value of a dollar. The increase all went
into the company's treasury to furnish funds for the more adequate 1
development and equipment of the mine. We understand that a block
of it will shortly be offered to the public at 15 cents,
simply ridiculous in our opinion,
.
The price
We should like to be able to buy it
jail. It will certainly jump to 25 or 30 cents as soon as some
disinterested mining man of reputation examines the mine and reports
his findings to his employers or the public.
STRIKE IN HENNESSY-BURNS
Four-Foot Ledge Showing Nearly 12 Inches of
Solid Galena
Manager Thomas Whalen reports the most important strike
lately made in the Burke district in the HenneSsy-Burns mine. It
was made on Thursday in a crosscut from the main tunnel which is
270 feet, and opened up a four-f<x>t ledge carrying from six to 12
inches of solid galena. The vein hi now being drifted on to the
west into the lull and is widening is the work progresses. This is
also true of the paystreaik. It is evident that the ore shoot was
tapped near its east end and it is undoubtedly the same ore Ixxly as
was opened on the surface and to develop which at a depth of 150
feet the tunnel was run.
The first ore Ixxly encountered, which was cut when the tunnel
was in only 120 feet and which parallels the new find, continues to
show something over a foot of equally good grade galena and car
bonates.
The property consists of four claims about a mile south of the
Glidden road and near the Montana divide, The control of the
company is under bond to Joseph and Thomas Whalen.
HUGE MAKES I STRIKE
An interesting strike and one
which may yet prove to lx? im- ;
portant has Ix'en made on the
Alice mine, about half way
between here and Mullan. The
shaft, now down 350 feet, has
broken into a new ore body over
three feet wide part of which is
of shipping grade. The shaft
started on ore which dipped out
of the workings alxnit 250 feet
down and has shown ilo more
until the new shoot was encount
ered. Though foUnd at such
depth the ore is much oxidized.
ALAMEDA OPTION LAPSES
Majo, Sachs & Co. Assert That Suceess
M "ft £ THU,!
Mont., who hold an option on the;
control of the Alameda from Baris
H. Renshaw & Co. and who in turn
gave an option on the same to the!
Success company, announced on
Monday that the latter option had
expired. Manager Samuels of the
Success company is in the east at
present so no explanation of that
company's action is obtainable.
The Alameda is opening up a fine
body of shipping ore.
Reliance Strike* Ledge
H. A. Moore reports that the
crosscut tunnel in the Reliance on
Terror gulch, which lies just , below
the Rhode Island, has reached the
ledge and shows a full face of
mineralized vein matter with galena
occurring in if nail quantities.
Four Big Strikes Made in Few Weeks
At 1,000 Feet Depth
A NOTHER big strike has been made in the Golden Chest mine
near Murray. This time it was the hangingwall vein of the
Klondyke ledge that was cut and it showed four feet of good milling ore
with the whole of the rest of the face well mineralized. This makes the
fourth important vein of pay ore that has been opened up by crosscuts
from the Golden Chest's Idaho level within the last few weeks.
This tunnel runs due north following or nearly paralleling a min
jeralized ore zone that is now known to be loO feet wide and to contain
four major veins of pay ore and many smaller ones. These veins are
not always parallel to each other but generally have a northeasterly
course. The four major veins so far tapped are: the hangingwall
Klondyke vein and the Claggett vein to the west of the tunnel, a'lid the
footwall Klondyke vein and the Katy and Dora vein to the east of it.
The lust of the four to be found as above stated was the hanging
wall Klondike vein. It is being opened by a crosscut, now 25 feet long,
which so far shows four feet of good milling ore.
The footwall Klondyke vein was found some time ago and the drift
on it reveals from six inches to four and a half feet of high grade gold
ore.
The Katy and Dora vein is composed of ribbon quartz from three
to eight inches in width that is phenominally rich in free gold.
The Claggett vein is a whole series of stringers of the same ribbon
quartz from two to six inches wide, also showing much free gold but not
so rich as the Katy and Dora ore.
The net result of all these discoveries is to demonstrate that the
Golden Chest is an immense mine—one of the world's greatest gold
mines. The 20-stamp mill with which it is at present equipped is being
got into shape for immediate use though it is the company's intention
to equip the mine with a 100- stamp mill at once, ns they propose to
work the proix>rty on a large scale,
The company's stack is held principally in New York. Am mg the
larger shareholders are President Morris Haynmn, Treasurer Henry
Samfpag and E. Baer. H. S. Auerbach n manager and a splendid
record he has made for himself since he took hold of the property a few
months ago.
REINOEEO CREATES SENSATION
lng circular letter was sent to the
shareholders of the Reindeer com
pany along with a notice of the levy
New Board of Director* Levies a One
Cent Assessment
Under date of June 19 the follow
lng of an assessment of one cent a
share:
We beg to announce that the for
mer hoard of directors have disposed
of all their holdings in the company
and a uew hoard has been elected to
serve for the balance of the year, as
follows:
IL A. Keough, Wallace, Idaho,
president and director.
J. B. Wilcox, Wallace, Idaho, sec
retary-treasurer and director.
F. X. P. Scully, Idaho, director.
Dan Harrington, Wallace, Idaho,
director.
S. D. Lemleux, Black Bear, Idaho,
director.
The office of the company has been
changed from Mullan to Wallace,
Idaho.
Deve,opineut work on the P r °P
j em ' WHS dlscont,nuetl early last
; S! " nK ' ° U of the | ieavy e *'
pease attached to sinking the shaft,
which at that time waa costing a
little over $50.00 per foot.
| ent boaid nf ,1,rectors to drive a new
^p'the'ore af great ^de^h^ThlB tun*
It has been decided by the pres
jnel will he about 4000 feet in length
;when completed and
pro * imB tely $50,000.00.
_
will cost ap
There being practlcaly no money
I---—
IDORA STARTS SHIPPING
Stoping Begun in High Grade Ore Shoot—Work
In No. 3 Tunnel
George P. I.arson, vice president of the Idora company was up
from Spokane last week to complete arrangements to start shipping
from that mine to the Panhandle smelter with which an initial con
tract for tfie treatment of 350 bins of ore was recently signed,
delay in inaugurating shipments has lx?en wholly due to the lateness
of the season which prevented the new road bring got into shape for
heavy traffic; any sooner.
There is a big reserve of ore it the mine ready to haul, in fact
the ore bins, blacksmith shop and sheds at the mouth of the No. 2
tunnel are all blockaded with ore taken out in the course of develop
ment and stoping has now been started on the big shoot of shipping
ore near the face of the tunnel. This ore will average over 70 per
cent lead and 35 ounces of silver to the ton.
Meanwhile development work is being prosecuted in a drift to
the east from the No. 3 crosscut tunnel. This drift shows a big
ledge highly mineralized with iron and carrying considerable galena
finely disseminated throughout it. Some 200 feet of work will lie
required to get under the big shoot of clean ore in the No. 2 tunnel
but, of course, pay ore may lx: struck before that point is reached as
there is more or less ore above where they are now working.
The
or stock In the treasury with which
to undel'take this work, the board of
directors have levied an assessment
on the capital stock of the company.
The notice of assessment was
signed by H. A. Kcougii as president
and J. H. Wilcox as secretary, both
being clerks in the Bracklng-Ebbley
company's office. Among the direct
ors who resigned were Sandy McRae,
M. J. McHugh and Dr. D. E.'Keys of
Mullan.
The publication of this let'or
caused no slight sensation and some
of the stockholders immediately
called a meeting, which was held
last evening in the office of the, Wat- ^
lace Brokerage company to discuss
the change in inant gement, investi
gate its legality and take such other
steps as they saw lit.
Considerable Interest war, taken in
the meeting, some la shareholders
being in attendance among them
Walter J. Bracking, of the Bracking
Ebbley company, and Secretary Wil
cox. The latter reiterated his state
ment that no single shareholder held
over 20,000 shares of stock.
The meeting decided to employ
Attorney Henry P. Knight to investi
gate and report on the legality of
the recent elections of directors and
also of the transfer of stock since the
company's office was moved to Wal
lace. Dependent upon these ques
tions is necessarily the legality of
the levying of the assessment.
The stockholders who will bear
the expense of the Investigation are:
J. W. Daniels, Frank Gessler. T. B.
Dennis, Chris Anderson, Rev. Charles
Continued on pate 4