The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1909-10-15
NEWS OF THE MINES.

Spokane. Oct. 14.-Private adyices
from Wallace. Idaho. are that unless
the outstanding per cent Of the stock
of the Moonlight Mining company is
TURNED into the pool by the end of Oc-
tober the agreement will be Cancelled
and assessments will have to be levied
to continue development work. The
company, in which Duluth parties are
heavily interested, is developing
group of promising claims adjoining
the famous Hercules mine at Burke,
and to facilitate matters il made
proposition to the stockholders to pool
their shares and place it in the First
National bank at Burke. Eighty per
cent of the stock was turned in. but
as the remainder has failed to show
up II is not believed that the deal with
an eastern firm will be negotiated, I'M
less. of course, the stock comes in
meanwhile. The adviccs from Wallace
add that shareholders there believe
that owners will reach an agreement
to carry on the work. but they make
IT clear that an assessment will have
tn be levied IL the deal for the sale
, of the treasury stock is not closed be-
/ fore the end of November.
The Alice Mining company has
started its mill, situated between Wal
lace and Burke. Idaho. where there is
sufficient ore in sight and blocked out
to keep the 100-ton plant in operation
at full capacity for several years. The
company owns "A claims. which are
being developed under the direction of
James +. Mccarthy, manager of the
Hecla Mining company. The stock.
s1.000,000, Is held by 20 persons. who
have paid in II assessments at about /
cent a share. so that before the prop
crty reached self-supporting basis
not less than 100000 was expended in
development on the construction of the
mill and the installation of machinery
and equipment. Though the property
Was located in the early days of the
district its rich ore bodies were not
encountered until two years ago.
I Maurice Blanchard. who has charge
of the construction of the smelter at
! Enaville. Idaho. announces that the
| plant. with a capacity Of IS tons
day. will be operated carly in Noyem-
Der. 1t Is designed to treat lead-silver
| mace is of 90 per cent silica brick
designated to Withstand 1000 degrees
of heat. The plant is not equipped
I with water jacket The cost of the
/ sinelter, which is largely an expert
/ ment. was $4,000 and if it is successful
| 1t will be a boon to the smaller mines
1 in the Occur d'Alene district.
The officials of the Rainbow COM
,pany. operating near Wallace. Idaho.
7 report that the big ore body encoun-
tered short time ago. is widening
( and increasing in values. When the
ore was broken into. short time ago,
samples showed about % per cent cop
per and 81 ounces in silver to the ton.
! Since then the ore has improved
steadily. and samples taken out recent
V ly show the gray copper is almost
| solid while il is estimated that the
silver values win run several hundred
II ounces to the ton. The drift has now
I been driven 40 feet, and it is believed
that the ore shoot. which has just
been broken into. is the same as that
l exposed in the upper workings
Il Richard Da xon. manager of the Tar
box. Ben Hur and other Saitese prop
I critics, has perfected the incorporation
of the Hamilton & Occur d'Alene Min
ing company. capitalized at i.ea8.0oo
shares. of which 50 per cen; has been
placed in the treasury The property
adjoins the Iron Mask and Glen
Metals properties on Spring gulch. in
which spokane and Minnesota people
are heavily interested A crosscut
opened up the vein. showing Is inches
Of cube galana- The same vein was
opened n.ar the surface. and sinking