The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1909-06-03

REPORT ON THE RAINBOW
CONTINUED fompa
books of the Secretary and Treasurer by duly appointed auditing
committee find the above and foregoing reports and
Herman j. Rossi, President
Henry C. Adam. Vice-Preident.
George E. Marlowe, Secretary.
George Austin, Mgr. and Treas.
C. F. O. Merriam Consulting Engineer.
John D. Caughell Director.
Albert Hubbard, Director.
Wallace Idaho, June l. 1908.
To the stockholders of the Rainbow Mining
and Milling Company Ltd.
The Secretary of the Rainbow Mining Milling Company
Limited herewith submits for consideration and informa'
ton this his annual report the of the work and the
sale treasury stock of the during the year beginning
July l, 1908 and ending June l, 1902
Amount work done the property during said time con-
sists Of:
Tunnel No. on Rainbow claim extended, 80 feet
Tunnel No. on Rainbow claim extended III feet
Crosscut to north in Tunnel No. 2, Rainbow 10 feet
Crosscut to south in Tunnel No. 2, Rainbow ID feet
Tunnel No. on Sunshine claim extended. 10 feet
Total work done, S1| 1eet
It the intention of the continue the main
No. tunnel the Rainbow claim in until the ledge is encou'
directly under the big iron Gaping exposed on the surface
after which will be both to ascertain the
length and width of the ven is impossible to say just how
much further will have to drive this tunnel to encounter the
ledge under the iron Gaping owing the dip OF the vein out
be continued right along in the next year as has been during
the past years and the prospects indeed bright to show up
good body when the No. tunnel the Rainbow claim
gets under the large iron Gaping referred exposed on
the surface.
At the submission of the last report of the Secretary on
July 1903 there 70 All shares of the treasury stock OF the
company disposed and during the past 98 shares have
been sod leaving balance Of 1893 OBS shares in the treasury to
be sold for development purposes.
' GEO. E. MARLowE
To the Directors of the Rainbow Mining and Milling Com.
pany:
Gentlemen:
Jpon the st of May visited the workings of your prop
erty for the purpose of measuring the work which has been
done up present date and desire to submit the follow
ing report
Tunnel No. i has been driven 1o1 feet upon the vein
This drifting been for the purpose OF defining the course
and din of the the oucop The vein shown to be
thrown out place this being due to the fact that at this point
there is very sharp ridge and the surface has probably slid
broken over to some In the face Of this drift and in
the roof there is strong vein of dcompose ledge matter
sstng of quartz and oxdzed iron. Small values in both
per and silver found all along the drift but the principal
values eached out.
Tunnel No. which is also drift upon the Rainbow vein is
now in 52 feet having followed tale wall the entire distance
Five hundred feet from the mouth two crosscuts were run both
north and south Is feet EACH but no ore was found IN either ana
this work abandoned At distance OF @ feet from the
mouth shoot encountered Is feet long varying in
width from inches feet at least IS feet being two feet
Different assays taken from this shoot give returns varying from
10 IS o. silver and from to cent advise
having this ore body thoroughly sampled determine whether is
possible to ship without milling Ore has been found along
this distance in smaller quantities. bunch being about Is feet
LONG and about II inches wide Tunnel No. is being
tended the point under the surface outcrop at Tunnel No.
ce Of the vein In tunne No body Of much larger and
richer anything found yet should be "st5 red
heen extended 6 feet following vein about two feet in
width with small values in both copper and silver
has been done The tunnels been mbeed where
gary and are in good condition for future work.
Reside this several small surface have been made to
trace the otcrop blast has been erected the mouth
Very Respectfully
CHAS. F. O. MERRIAM.