The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1911-03-23
c. D'k. INVESTMENT REPORTS
Detailed Statement of Conditions And
Development Furnished Stockholders.
Continued from Page One)

yoger No the voger No O. the vogcr No. g. and the Calumet
These the Of the Company and free
from remembrance
In addition to the above claims Company right pass
through the following claims: The West Bland the Last
Chance Gladstone the first right to purchase these claims
should they any mineral value which improbable
The naturalization Of these claims undoubtedly large and OF
good The outcroppng show PROMINENTLY in two
places on the R. H. claim and on the Akys claim Smaller out
groupings show other places the properties which have not
been explored as yet the O. outcrop exploration has
shaft depth Of over 200 feet and the reports indicate
that good pay found the entire distance From to 49,
grade available for shipping from the surface
ouop assay valuation about So to $40 ton gross
This available iron and huxng and may be handled at pron
If shelters are built within reasonable distance the property On
the Keystone group considerable taken out and shipped years
ago Reports that 100000 worth taken out and
the possession Of this Company show average
valuation Of this to be $50 net The vein very well de-
fined in these workings four six feet WIDE and the ore shoot from
one to length There workings below $50
depth however That the veins this values with
Depth improve with DEPTH clearly indicated by the ex-
ence Mountain Mine located the east end Of this same
zone which working the O0oot level and has
larger and richer bodies than has been the aim OF the COM
pany will be the aim the the future strike these ore
with greater depth by tunnels and place the mine producing
and paying basis.
In the effort to greater depth tunnel
about 500 feet from the bottom the
HILL and about $50 feet below the lowest workings OF the claims
In this something 400 feet Of work whas been done up
present This tunnel passes through the O. N ven but
has reached the keystone From 400 to 800 feet will bel
needed strke OF the
has been the O. r. N where the tunnel
it, showing about feet quartz cutting the formation at
The last work done prosecuting and exploring vein
cut by about $50 feet from the portal Whether this
il the blind disputed point This cut at
three points followed distance and rich specimens
o running 5000 gotten but
the surface look for place. Indications seem
show however that be the chute and that lower
would develop body value and size These lower work
gs indicate they undertaken and carried without
cheering guidance and that mistakes had been made other ways
They great money The tendency of this to cause
stockholders lose faith in the mn but it fact that who
has property and the strong outcroppngs mineral
the evidence Of mineral extraction has had their faith shaken by
these mistakes in the workings.
the plans the directors concerned they intend levy
an shares and the money the
debts and give small amount money start work
on as soon as the favorable This work will with al
thorough survey the along geological nes and will include
mapping the workings the tracing Of the mineral veins the plat
ting the and the marking the underground workings on the
surface When finished and the data available the directors will
hold meeting the ground and jointly determine what work
shall shall be handled The PLAN when adopted will
followed and the probability that the work will be contracted
The surface the property furnish timber sufficient for tmbering
Tie mine for years to come.
The company which Idaho corporation has filed its
operate the state of Montana under the prov
owing the annual fees required in that state
filing will be about $500 The directors deem advsa
Ale to complete organization possible the property
located there stock issued based this property
On July lh 1870 the manager Of the company c. A. Pooey
made the following financial report to the directos