The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-03-21

pleased with everything that the
Rossi-Read company has done since
they took hold Of the Monitor and |
feel confident that in three months
more they will have proved 1t to be
the great mine that l have always
believed It,"
Make Favorable Report.
Mr.. Hill corroborated all that Mr..
Bailor said and both gentlemen
showed that their reports to the
other shareholders whom they rep
resented in the investigation would
be highly enthusiastic. Mr.. Bailor
represents the shareholders whose
stock is not under option to the
Rossi-Read company and Mr.. Hill
those whose stock IL under bond.
They have now explored tho
Monitor ledge on various levels"
said Mr.. Hill. "for a total length OF
500 feet. On one level they have
opened 1t up for 500 feet. Their
work has demonstrated that the
company's holdings cover nearly
mile of the ledge"
New Railroad a Boon.
Both gentlemen also spoke Of the
advent of the Milwaukee road, now
under construction, and which will
run within about two miles of the
mine, as a great advantage to the
since by means Of a work.
Ing tunnel and tramway, each of
moderate length, the necessity of a
wagon road would be obviated and
the operation OF the mine In sue
ceeding winters rendered much more
easy and less expensive.
Mr.. Bailor closed his visit to Wal
lace by making hurried inspection
Of the Success mine, In which he is
also a large shareholder, on We'd
nesday forenoon. Both gentlemen
eft for their homes on Wednesdays
train to Spokane. s.
Mine Inspestcr's Report.
The following is what state Mine
Inspector Bell says Of the Monitor
nine In his recently issued annual
'eport:
This interesting copper deposit,
ituated near the Idaho Montana
Inc a few miles east Of Mullan, was
by some energetic Wallace
operators during the past year. and
made a splendid development. par
during the closing months
If the year, of high grade copper
'ulphide mineral, of which about
800 tons were sh.pped from the
nine during 1906 that contained a
,ross value of SOS per ton in copper,
gold and silver.
This property carries a large fis-
'ure vein that strikes northeast and
and stands nearly verti-
al. It is developed with a shaft
low down $40 feet, which is being
continued to the 500 foot level.
There have been four short levels
opened. exposing two handsome ore
bodies that carry from 10 to 1S per
'ent copper and IS to SO per ton
n gold and silver. through a width
II from 10 to IA feet in places. Re-
'ent reports from the mine say that
t has over half million dollars of
developed ore now in sight and has
definite prospect of making per-
nanent and very important resource
II shipping mineral.
Extending west from the Monitor,
Icross the high mountain spurs that
'ut out from the divide between the
It. Joe and the south fork Of the
Occur d'Alene river, string Of
laims has been located almost con-
inuOusly for Is miles In the direc-
ion of the Bunker Hill and Sullivan
ode and by some experts supposed
o be on the same line of assuring.
several Of these carry remarkably
handsome surface showings OF cop
'er bearing iron gossen and spathic
ron ore. In fact, this belt Of terri
ory contains the most conspicuous
vi face showings " mineral found
nywhere in the whole Occur
'Alene district. These are accom-
anied at several points by large
arallel dixie Of igneous rock re-
diabase. to my notion
cry important and significant asso-
lation Of the mineral veins.