The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-07-25
SECRETARY GIVES DETAILS OF CONSOLIDATION

The Butte Miner has the following article concerning the
recent consolidation of the Interstate and Callahan Mining
properties, both located on Nine Mile:
In the consolidation of the Interstate SilverLead Mining
company and the Callahan Mining company the properties Of
both of which have been developed to the producing stage,
mining deal OF vast Importance to the veread industry has
been closed The details of the consolidation completed
by John A. Percva who secretary Of the Interstate Sill
Ver ead Mining company and who the secretary of the
corporation which known the Consolidated Interstate
Callahan Mining company. The company has capitalization
Of 50o09o shares of par value of $40 EACH After transfer
Of stock interests involved in the consolidation the company
has 100000 shares left in the treasury There indebted
Prior to the constellation tie Interstate company
d - patented claims and the Callahan company owned 25
ailS nearly all OF which patented making total OF 81
onng claims in what has been proved to be the richest section
II The famous Coeur AIeae district in Idaho
The property is located about miles up the Nine Mile
angon from Wallace. The Interstate lies Immediately
the famous Hercules mine which has paid millions in dv
lends to its owners and the Callahan property lies Immediately
rest Of the Interstate.
The Interstate property has been developed by amagnif
ent tunnel nearly mile in length crosscutting several i'm
oltant At distance OF about 5000 feet from the por
Al OF The tunnel the main nersecod and has been
r, upon developing body about 500 feet in sngth
rncinaIly low grade ore. fault was then encountered
ut the vein again picked up distance Of about % feet
9iiting resumed and during the past months has
pcnei into exceptionally rich body. This body
been dred upon for distance of about $50 feet show
three feet Of averaging 70 per cent lead and 35
silver to the ton. The tootwal has not yet been reached
ut there every indication that the vein has great width and
are beside the rich ense of several feet of milling
raise has been driven from the sill floor to height of about
30 feet and is in high grade all the way.
The drift is being carried west toward the Callahan prop
rty and in the latter workings extend to the Interstate line
nd are all in The Callahan workings however, 400
eel above the nertae but from the fact that in the Inter
tate ground the rich found 400 feet lower there
to believe that the body has at least height of 400
eet and will offer tonnage Of high grade and low
rade In the Callahan ground vast quantity of has
blocked out ready for breaking down. The workings
the Interstate will be pushed along under the Callahan
workings.
While great amount of ore has been developed in the In
ersae ground and several of high grade the
ns effort will be made to ship until the present excellent
nine equipment has been increased by the installing of II
l lnSerso Rand compressor the order for which has been
aced 1t expected that the compressor will be op
ration within month 1t will then be possible to proceed
rapidly with the work of opening up the bodies and
egular shipments will be made by fall
The company mill site and ample water rights
or all mill and concenrator purposes There stand
ng growth Of timber the properties owned by the Conso
lated company which will afford lumber for mine and build
ng requirements for years to
The Consolidated Interstate Calahan Mining company is
nder excellent management 1t has for it's president Col
ust Carlson Of the best known and influential min
ng men of Duluth j. Callahan original owner of the Cal
an mine, is vice president and John A. Perciva secretary
u the Butte Baakava Copper company, with diversified min
ng interests in Butte Duluth and Mexico is secretary
ller