The silver messenger. (Challis, Idaho) 1890-1912, 1903-12-08

made an important mining deal thus
obtaining a one third interest in the
Horseshoe group of twelve or fifteen
copper mines located near Mackay and
adjoining the White Knob mines on
the north. The property was former
ly owned by D. E. McCallum OF copper
city of Mackay. The deal was made
through the engineering of Mr.. j. C.
Fox, who has examined the property
at different times and who has the
credit Of being well informed relative
to mining. He has been endeavoring
to secure an interest in this property
for some time, and it was only last
week the deal was finally made. As
sociated with Mr.. Fox are the follow
ing we'll known citizens, viz: d. E.
McCallum and C. V. Hanson, of Mack
ay; w. Fl. Felkner, Henry sturkey and
Geo. E. Keyes, of Challis. Thus max
ing it purely Custer county company.
The Horseshoe Copper company has
filed its articles of Incorporation and
the papers have gone forward to the
Secretary of State of Idaho. It is in
corporated under the laws of Idaho.
There are 1000, 900 shares of stock at
par value of s1.OO per share. The Off
GERS of the corporation for the first
year are as follows:
President-D. E. McCallum.
| Vice President. c. Fox.
! Secretary-C. V. Hanson.
! Treasurer-W. Fl. Felkner.
The above named officers together
with Geo. E. Keyes, constitutes the
| Board of Directors. The corporations
principal place of business is Mackay,
Idaho. The stock is worcestershire.
We learn that it is the plan of the new
company to place 100, 900 shares of the
fully paid worcestershire Treasury
stock on the market for sale at 10 cts.
per share for the purpose of develop
ing the mines, as soon as the stock
books arrive. Two-fifths of the whole
stock goes into the treasury for de-
velopment. The claims of the Horse
shoe Copper company are located about
two miles from the Mackay smelter,
and are evidently on the same lead
and are adjoining the White Knob
mines on the north. The contact is
the same for the belt is traceable for a
long distance by the outcrop, but we
are told the Horseshoe group has a
better surface showing than the White
Knob ever had. The ore from the new
is heavily mineralized with copper
values predominating. A sample run
of two and one-half tons of ore from
one of the claims in this group went
11% per cent. in copper, besides gave
good returns in gold, silver and iron,
although we did not learn the exact
values in gold, silver and iron. al
though Mr.. Fox thinks their values
will be about $40 to $50 in gold and So
to S5 in silver. 1t also contains suffi-
cient iron for huxing to make the ore
excellent for smelling. This sample
the "Smuggler," one of the claims Of
the Horseshoe group. There has been
little development work done on any
of the claims, the most work however,
being done on the Smuggler, aud thil
claim has two short tunnels, one o
which is in 80 feet and is now on
a good body of pay ore. Another tun-
mel lower down on the mountain has
been run 80 or 40 feet, and by driving
this tunnel few feet more it will un
I doubtedly tap the same ore body. TIL,
ore is found between lime and granite
/ foot-walls, which is a good indication
of its permanancy. A small force o
men-five or six-will be kept at worl
this winter developing the property
The mines are easy of access and ha:
/ sufficient timber and water close a
hand for mining purposes. When al
t the claims are acquired by the com
pany the group will consist of fifteel
full claims. They are located in Ri
S Grande gulch, and owing to the slop'
of the mountain are good tunnel prop
ositions and can be tapped at grea
depth. The claims are not by an,
means new discoveries, but were re
located by Mr.. McCallum along in tb
nineties, but owing 10 financial affair
since that time he has been unable tC
develop the prospects to any great ex
tent, but be has always had the utmos
faith in the property, and hoped SOM
day to develop his property into an
:, Eother White Knob, and now that mel
of capital has come to his aid he ma.
be able to accomplish his fond hopes
The new Incorporation consists OF mel
experienced in mining and of capita
: and who could operate the propert.
without selling dollars worth of tn
: stock II they SO desired. Outside Q
: Mr. McCallum aud Mr.. Fox, the othe
mem bers of the new iucorporatio
: have never examined the property i
:, question, but relied upon reports o
: others. The property has iatterin