The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-05-23
PROSECUTORS AND BUYERS.

Many claim holders wonder why they unable to in
terest buyers in their properties and resent the fact that their
proposals rejected by engineers who have been
the property just young authors stick few pages of
uscrp together to catch the editor who rejects without read
ing says the Mining and Scientific Press AS matter of fact
engineers amply justified in refusing incur for them
selves clients the expense Of examination when the pros
pecus furnished by the pospecto himself shows that the
who writes 1t does not know what he talking about. We
quote below few paragraphs from letter sent by Aer
prospector to English financial house, whose he
had paper He doubtless wonders why their con
sutng engineer refused to make trip to the property de
spite his reasonable terms. AS to what he says: 81 have
no fancy price on IT. it retain an interest will take $loO
and will let you pay out of the if have little to go
till sale The district is in which there pro
tabe mines and in which repeated attempts to find have
failed. The has merely undeveloped claims and In
suggesting interest and $4,000 he shows himself en-
trely unfamiliar with mine valuation He describes several
veins What he writes about two Of them sufficient to show
that he knows little about sampng about valng mines
ono H. he says sis gold and copper, being 300 to 600
feet wide Its is NE to SW all the other leads are
it's surface is much eaced and its values precptaed down
ward like most all large copper bodies Some quartz runs
high 10 in gold and "a cent IN "copper" at
the surface still the erosion great can be shovel
ed like ashes It has all the coors of the ranbow cuts
into about the middle of large pophyry and lime mountain
the yellow porphyry about mile wide the side OF the
mountain pans godhe top capped with lime and great
iron columns prorude through the pohyry and mea the
base in the there 100 feet solid red oxide OF cop
Der width-the be about 600 feet wide My
lowest tunnel will cut this mountain about 500 feet deep and
follow the all the way and have pay quartz from the
also have 5000 horse water at the mouth OF the tunnel
and this lead is continuous through the entire range and
the opposite side in the vicinity of great coal
fields and where water is abundant making it water and
railroad proposition we'll mineral having less than per
grade the tunnel said tunnel being about 30 miles from
the valley and railroad could follow the river all the way
There has been grading for railway line in that drec
ton Timber is abundant Of all Sizes red and white spruce
predomnang There two tunnels each 40 feet in length
Continuing, he says of No. that it lis my last nd in Sep
TENDER as-t is also remarkable demonstration of nature
being to the best Of knowledge about 500 feet wide where
it outcrops about half way up the mountain which cuts
about the middle At the base is iron quartz of immense bod
les and the top of this pophry and lime mountain high
needles like protrudng out through the formation several
hundred feet high Some of the quartz high 1886
per on but much of will be lower grade expect No work
done except surface wora tunnel at the base will cut
to 5000 feet depth on it,"
This prospectus referred to busy and capable engi
neer who hardly likely to his clients money in searching
lead 600 feet wide and containing 100 feet solid red
de Of "copper" In other words, the writer terms sol
caeessy make clear that his observations value
less To sell claim prospector must first have something
of real value and second present in such terms that the
buyer can that his observations and statements
curate.