The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-02-09
COPPER PRINCE
STOCKHOLDERS REcEIvElREPoRT
OF GENERAL MANAGER 81

STOCKHOLDERS RECEIVE REPORT
OF GENERAL MANAGER
The stockholders Of the Copper
Prince Mining Company held very
interesting meeting yesterday after
loon at tier ONCE in the Jacobs
BuildinE.
y The gathering was entirely Informal.
ind was held for the purpose of meet.
ne. with General Manager Dan Davis.
If cour d.Alene. Idaho. After a few
Introductory remarks by the Presi.
lent. Mr.. Davis gave very interest:
ng talk upon mining in general. which
sas highly instructive. and impaired
great deal OF knowledge to his list
,ners- He. also described the many adj
lnntages possessed by the Copper
Prince properties. and outlined his
'ollcies and plans, for Its future devel.
'pment. which was received WITH en-
-husiasm by those in attendance. For
he benefit OF the stockholders who
youfd not attend the meeting. the
'lans as outlined are published as fol.
lows. isSs,si "i9
The property OF the Copper Prince
lining Company consists OF IL full
aiming claims. OF 90 acres each. aggre!
ating 240 acres OF surface. situated
IN the st. Joe river. in the famous
Der d'Alene mining district OF Idaho.
his estate is traversed throughout It's
ntire length. nearly a mile and half
y large vein. or ledge. of copper ore
Angling from 20 to so feet in width.
he estate includes a valuable water
over and an abundance Of fine tim.
er; and the main line OF the Chicago,
Milwaukee, & st. Paul Railway crosses
ne. property within 100 feet Of the
iree principal openings. affor,lIng ex.
client transportation facilities. and
very advantage for low cost product
on. The ledge has been opened in
welve places and found to be contin.
lous throughout.
The development work SO far done
onsists CT three principal openings,
.nown as the st. Paul. Sims and Da..
us tunnels. 49, !
The st. Paul tunnel Is located on
iest sideic CT Prince Creek. and is being
riven ut depth on the face OF the
.dee toward large ore chute. or
chimney. which is defined on the
lrface.. There have been blocked out
boye the floor level Of This tunnel
$1,000. tons d fore averaging G per cent
| l,!sopper. 1.-THE Sims tunnel is like
wise being sdriven on Sthe face of the
edge on ttie-oposite side OF the can.
On and in the opposite, direction, and
s, also anfoachinE at depth an ore
.hute, or yschimney.'. 1900 feet FUR
ner east the Davis tunnel Is being
riven west on the ledge towards the
5ims tuneE5 Between, these. two latter
lnels,2 and above the level OF their
oors there are blocked out over To-
300 tons of'6 per cent ore. This gives
total estimated blocked-olt tonnage
II $4,000 tons OF milling ore. on
Which. after deductlnE all costs or min.
ng, milling. freight and smelter char.
'es. there viii remain profit to the
company Of over $1,000 per ton. or a
!stal OF $1,15o.ooO. This however, Is
My the surface OF the of the com.
'an1y's twelve claims, and no credit Il
AIKEN for Increased tonnage and values
the chimneys, nor for the enormous
re body beneath. While the vein has
cen demonstrated to be continuous
throughout the other cl1ims. sufici.
mt work has not yet been done to ac-
tually block out ore tonnage.
The work outlined for the mediate
iture. according to the report OF Cen
raj Manager Davis. consist of 500
Dot spur. or side track. together with
ne necessary. mine buildings. consti.
ted the permanent camp !, and one
lille of tiume for water power.
The st. Paul tunnel viii be contin.
ed rs feet and winze sunk on the
re chute. Similarly. GO feet will be
lriren ON the Sims tunnel. and winze
unk. which will later be Connected by
lrfft with the st. Paul tunnel. "A new
nnnel Will be driven at depth at d
point below the Davis tunnel dis.
.ance OF $50 feet. which Will give
lepth OF $50 feet under the ledge ex-
POSED IN the Davis tunnel. /
Copper Prince is now a mine and 1t
'nlE remains necessary to complete
Equipment as outlined above. to begin
shipments: 1t is the Intention TO
crowd all Of the above work as rap
dly MS possible. Blocked out ore fur
fishes assets ready to mine. equivalent
% twice the value OF the present SELL
ng price Of Treasury stock. It was the
general feeling OF the stockholders
present to pursue avlgorous campaign