The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-09
THE ALZNEDA"
One OF the Strong and Reliable Mining
Companies of Oregon.
Bright and Fithy article by r'7He Man WAo
Kzoacs''-A. r. Brookes OF Chicago Talks
About This Valuabze Property.

across toward the slate of the east wall.
One crosscut was being made from near |
the face of this drive directly back to
the west WALL the crosscut then having |
a length of eighty feet without the
wall being in evidence. -
Sample was the managers reply
to queries. Sample from. the portal
to the crosscut, on both sides Of the
crosscut. Our working assays show
values to be So to $40, which is less
than in No. l level, but we submit to
any competent engineer that we have
here handsome margin of profit in our
ore.
No. tunnel is 500 feet beyond No.
3, and has been driven on the vein but
forty-fve feet. This work was near the
crest of the hill, but it had the same
kind of ore that was found below.
Computing Results.
I went further, to the open cuts that
had been made along the strike Of the
lode. | found these entering the same
kind of ore that had been opened below,
naturally expect near the surface.
Then gan computing This lode
was opened $500 feet from the edge Of
the river. By going further back
along the indicated strike a vertical
depth above the river level Of 1000
feet was to be had. In all upper work,
the width approximated 100 feet, and
at the edge, of the river the vein was
l25 feet wide. Walls were true as any
contact line ever left by nature, and
appeared to widen with depth. Values
in deepest work were better than near
er the summit of the hill, Indicating
Improvement with depth and widening
tendency of the deposit. If this quite
uniform surface work were accepted as
satisfactory blocking Of the ore body.
the, engineer would say that the Almeda
sight. If smelter handling 1000 tons
a day for 365 days of the year were
opened on such a reserve, it would be
busy for twenty-five years before ever
going beneath the adit levels.
These results forced comparisons.
But a short time ago [ was in the
Bunker Hill and Sullivan mine of the
Occur d'Alenes, Idaho. There operators
from all parts of the world marveled at
four hundred feet and a maximum
width of 120, opened on the 2,0O0foot
level, and from which the management
was paying $4,000 to $150.00C
monthly dividends. The Bunker Hill
and Sullivan has been paying dividends
for quarter of century, and is rated
at several millions valuation. 1t has
made many men wealthy, and continues
to enrich it's owners on larger scale as
great depth is attained.
! If the Almeda had the ore bodies in
Dictated and carrying the values shown
:, BY the company's working assays, was
it not destined to be rated soon as one
of the great producers of the west? ]
could see no reason otherwise. That
IL ~
representation made bv the management
Il could not doubt. I had been shown
the immensely of ore exposed, and urge(
to sample every foot of this ore. There
was no opportunity for deception in this
procedure. I could take my sample!
alone, sack and seal them and take then
to any assayer of the country unknown
to the management.
! "Why is not your mine producing?'
, was my natural query in conclusion.
Only Awaiting smelter.
"Because it is not equipped wa
| the equally brief summary in answer
: eve have partly developed the prop
/ erty, proved the ore bodies, but W
smelling plant.''
: Here was presented simple situa
) ton, which l was not prepared t
e grasp. [ knew there were many mi
/ lions of dollars being spent each yea
in developing western mining prospects
+ have met scores Of people perfectl
r willing to take the chance of legit
t mate mining investment if they wer
:, assured that the property had goo
showing of ore and the management
t was honest. These people have pu
t money into companies that were deve
e oping stringers and seams one to thre
: feet wide, and in which the ore shoe
5. might have no greater length than 4
e to 100 feet. The fortunes Of these vel
e lures hung upon the vein going dow
o finding values when the vein we
y opened, getting values in sufficient
e large ore bodies to mine economical,
v and the integrity and competence Of til
a. management. There are millions
# dollars spent each year upon these col
tingencies, many winning, many losin
# If people want to invest in mine
IF why do they not seek the venture whe1
j. there is the greatest measure Of ce
# tainty, and where success also meal
# an immense profit on their investment
e. Why do they not mine like the heav
70 moneyed interests, having expert e
~ animation made Of every property p:
which they invest, and never putin
money into the ground until there
* something in sight to warrant it? WI
~ do they not take a proposition whe
20 20 the ore has been found, is blocked O
~ or conclusively Indicated, and whe
ue the only possible element Of doubt W
w be in reduction work, and that is l