The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-08-01
PARK COPPER MINE
Manager Barnard's Annual Re.
port to Stockholders
ORE sAoW|MGs DESCRIBED
Much Development Work Already
Accomplished---O Over $4,000 in
Hand for it, Prosecution

UnueF toudy GATE Manager L. n
i Barnard has issued the following an
nual report to the shareholders O
]. the Park Copper and Gold Mimi,
company, on whose property worl
was recently resumed and whose an
nual meeting will be held on Angus
81:
II shall make this report more ex
tended than otherwise for the infor
nation OF stockholders at a distance
who are not familiar with the prop
erty.
THE property of the Park Copper
& Gold Mining Co., Ltd, lies about
five 60 miles south of Mullan, Idaho
on Stevens peak, about one mile
south of the summit. the main hog {
back running south and at right
angles to the same, and about five
miles north to the Milwaukee road
now building.
1T consists of six co patented
claims containing 1OOh acres, and
one claim not patented, the Diabase,
containing approximately 20 acres.
"One hundred and ten (11O) acres
OF the company's ground Is heavily
timbered' with most excellent mining
and saw timber There is a small
creek running through the property
and a fine water right is available
one mile distant. The ledge should
traverse the company's ground for
5000 feet and the groupings are
shown in open cuts on the surface for
1,400 feet. The ledge is developed
with many cuts and shafts and three
tunnels
Tunnel No. is 600 feet west of
the east end of the company's
ground; is in SO feet, all in iron,
quartz and Quartzite, showing chalco-
pyrite and carbonate of copper. At
this point the width of the ledge has
uOt DCcu O3CcFIllu6u.
Tunnel No. 2 is 1900 feet west of
tunnel No. / and is in 2S5 feet with
two crosscuts north and two cross
cuts south, totalling 200 feet of
cr0sscuts, which show the width of
the ledge to be about so feet. The
ledge shows throughout the whole
workings some copper and in one
place, for 5 feet wide, fine copper ore.
chalcopyrite and malachite, hand
samples of which run as high as %
per cent copper with some gold and
silver.
Tunnel No. 3 is 800 feet west of
tunnel No. 2 with vertical depth OF
7O2 feet below tunnel No. L. This
tunnel is in the hill 1895 feet with
numerous crosscuts, the principal one
of which runs south $50 feet. At a
point in this crossc4t $40 feet from
the main tunnel, there is a lead run
ming about east and west, believed
to be the ledge proper, but at the
point of intersection 1t is compara-
lively barren, assayng OF per cent
copper.
Work Now in Progress.
"At this time we are following this
lead in the hopes of encountering an
economic ore shoot, but the continu
ance of work at this point will de-
pend upon the condition and appear /
ance of the lead as work progresses. /
Further work Is now being done
in tunnel No: 2 an the ore, by drift
ing to be followed by sinking, TAX
ing out some fine ore, an average of
which should run about 6As per
cent copper.
1T is the intention of the manage
ment to prosecute the work as rapid
ly as Is consistent with economy, at
all times endeavoring to make the
Park a mine of merit, give the stock
holders the absolute facts and dis
credit untruthful rumors.
You will find on the opposite
page a financial statement covering
the operations for the year ending
August 1, 1907.
"In explanation will say that
most of the statement speaks for
itself. Mine supplies means rails, air
pipes and tools. Labor and incident
ais covers locating, assessment, the
recording of the Diabase claim, print
ing, work on wagon road, the run
ming of 80 feet in tunnel No. l., re-
timbering of part of tunnel No. 3 I
and other minor expenses \
Hoping that within the next year
we can make the Park shipping
mine. am,
Respectfully yours,
ct. N. BARNARD.
president and Manager"
Financial Report August 1, 1907.
Amount on hand August
/, 1906. .....!.$ bV9.V1
A ~ M ~ rocoivcd m a.gpsS.