The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-09-18
CIRCULAR LETTER TO
BELMONT OWNERS
DETAILS OF DEVELOPMENT OF
TWO MILE PROPERTY AND
FURTHER PLANS.

out by William Scheavc president and
manager and Frank Z. Hess secrc-
tary- treasurer. The Belmont is stu
ated In Evolution mining district, OH
the east fork of Two Mile creek. near
three miles from Osburn. The follow
ing extracts from the report give
good idea of the development of the
property and plans for future WORK:
Wallace, Idaho, Sept s, 1918
ITO theStockholders of the Belmont
Mining Company, Ltd:
"Gentlemen--In order that you may
be fully informed of the affairs OF your
company and what progress has been
made on the property from April q,
I1912, to date, l will say that since the
iaboye date, when ! was appointed di
rector. enabling me to become more
familiar with the conditions of the
company, | have found that it has
been mismanaged and neglected.
Being one of the large stockholders
in the Belmont. have taken consider
able interest in getting the property
ahead and, upon visiting 1t several
times, | found that it had never been
surveyed, and at once sought to get
La proper survey of the claims, as well
as the underground workings, tunnel
and lodges. found that much of
the previous work was useless, 100
foot tunnel being driven along the
fault line, parallel with the lodges on
either side. However. this was not
all loss. as short crosscuts can be run
out of this tunnel to either ledge,
Our consulting engineer, Mr.. S. r.
Moore, one of the best mining engi-
neers in the district, directed us to
take up one Of the old crosscuts, be-
ing in already rs feet, and continue
the same from $50 to 200 feet more.
This we are doing at the present
| time, and have already extended this
crosscut for, 81 feet, and now have
| from so to 100 feet more to go. AS
| the lead had never been crosscut, II
! is hard to determine within so feet,
but it appears that we are getting into
the lead now, as the last few feet
show much iron, traces of galena and
silver and for the last 20 feet we are
in the best formation of this district,
being Revett and Burke quartizite.
For the money derived from last
years assessment we have driven 1871
feet and crosscut 81 feet. surveyed the
| srv.n II at hnp u CiS-
pense.
fThe assessment of ~ mills, levi
ed August 80, Is for the purpose of
doing the assessment work for this
year. To comply with the state laws
we will have to do 800 worth of work
on each claim, or a total of 5000 on
the nine claims.
1.-The future plans of the manage
ment, in order to determine the ex-
tent of the mineral there is in the
property, is to crosscut both leads
from the present tunnel, which will
be about 800 feet. and then run a
lower new crosscut tunnel of 1000 to
1900 feet. which will give us a depth
of from 500 to 1900 feet, while from
the present tunnel we can get only
about 400 feet depth. BY conserva-
tive management the new tunnel will
cost approximately $4,000 to $4,000
The money can be raised from our
Itreasurery stock if all Of the stock
holders will help by each subscribing
for as much stock as he might be able
to carry, and induce his friends -
subscribe.
'In this way you get the stock di-
rect from the company and pay NJ
commission. The secretary treasurer
is the only one receiving small
salary and the rest Of the ofiiceres, di-
rectors and stockholders simply help
and work toward the success Of the
company and mutual benefit.
"The property is most desirably To-
Gated, being traversed by the county
road and about 81 miles from the
railroad station. There is plenty of
water for domestic purposes and
plenty of mining timber The best
biologists and mining experts have
gone over the property carefully and
all give the very best reports as t.
the formation and surface showing
We have abundant confidence In the
property to develop the same. but VIC
will have to pull together to make
success. It has taken the former
management Is years to do the
amount of development above stated
but we can do the work laid out ir
less than Is months with sufficient
financial assistance,
I'VE are not exaggerating conditions
of the property in any way anf
would be very much pleased Il
each stakeholder would come out an'
look over the property and the book
at any time.