The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-09-11

results that have been shown IN sur
rounding properties so closely re-
semblins II but more advanced in de-
.velopment.
The ore body is extensive so far AZ
the small amount of work on 1t per
miis II tn be known The shaft, wherr
limited work is now Under way, is Oh
workable ore, near the center of the
ledge. The accumulation of ore FROM
this now on the dump, Is already ar
attractive feature. The few assayI
made show the commercial value Of
this beyond auestion-up to "a per
cent lead up to per cent copper. mp
to 20 ounces silver and defined gold
value.
Capable Management.
AN important act of the recent
meeting of the board was In securing
r. Gushing Moore to direct further
operations of the property. Mr.. Moore
is a mining engineer Of ability. He
has long been identified with the best
and biggest mining enterprises of the
Occur d'Alenes, has served the state
of Idaho as mine inspector was for a
] ng period chief engineer of the Fed
eral Mining company, the largest OPP
orators in the district. and is himself
Interested In some of the best lesser
developed properties of the district
THE board of directors has author
lied the sale to stockholders Of 100,
900 shares of treasury stock, this to be
available to them within the next 30
days. at l5c per share and this sum
to be net to the company.
Arrangements can be made where
by this purchase money can be paid
in instalments
To Develop More Rapidly.
"The policy of the directors is to
prosecute development under the best
possible directions and with the best
accomplishments, under the most eco
nomical management. Present work
on the property is by hand. The
monthly income of the company now
Is sufficient to meet this expense. But
under other conditions, easily within
our reach, the same amount of money
now being spent, ii applied on some
what broader scale, would accomplish
practically twice the results. The ex-
PLANTATION is this. we are fully equip
ped for electric power, lacking moth
| ing but connecting up. The forma-
ton is hard making slow and difficult
hand drilling. This is not an obstacle
| In machine drilling. But to get the
best economical results from machine
drilling the scope of the work must
be enlarged from what it is now. Con-
sequently more monthly income Is i'm
peratively necessary. As between re.
suits of hand and machine drilling
there is no possible argument Of DIFF
ference, as daily illustrated in hun
dreds of places in the camp.
Favorable Location.
"The development Of this ore shoot
at good depth Is one of more than
usual importance even in this camp OF
big strikes, big ore bodies and big
mining in general Owing to its most
favorable location relative to the
Burke lead silver belt and the Mullan
copper belt, and it's combined siml-
arity to both of these, it has attracted
much attention locally and has beer
subject of much favorable comment
by those who have made it business
for years past to keep in the closest
touch with every stage of develop
ment of the Lodges of the Coeu,
dAlenes.
prom every point of view, so far as
our present development reveals, oul
chances, conservatively considered, fol
opening valuable producing mine arr
indeed flattering,'