The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-08-20

compartment shaft was abandoned as
a main working shaft, and the Santi-
ago shaft, 500 feet deep, and 1000 feet
to the west, on the North Moccasin
property, was adopted in Its stead.
"A winze to the 600 -foot level was
completed from point on the 800
level opposite the Santiago shaft, and
a drift was run from the bottom of
this winze to the eastward, as far as
the Slope above without showing stop
ing ground Of value.
Drifting to the west on the 600
level was only started.
"A connection was made between
the 500 and 400 levels. in the westerly
ore body which showed lean zone
below the 400 level, from which but
little ore can be expected. Above the
400 level, the ore body heightened
again to nearly 200 feet, with a max
imum width of 16 feet.
| "These two ore shoots. the westerly
one now above the 400 level, and the
easterly one, not yet found on the 600
level going down, furnished the main
supply of ore for the mill, 1t is quite
possible that ~these two shoots will
both have downward combinations
and the westerly one should extend to
the surface.
"The tonnage of black ore, which
can not be treated without roasting.
encountered in this period, was insig-
nificant.
Balance sheet and profit and loss
account for the six months ending on
June 30. 1914, follow in due course.
I'm the profit and loss account It will
be noted that the total cost of mining
and milling was Sap per ton for the
period. In this connection 1t should
be stated that some misunderstanding
has existed In the mind, of few of
the stockholders in regard to costs
per ton. When the agreement was
made with the bondholders Of the
North Moccasin property for the pur-
chase Of the mine the terms were such
that an arbitrary figure for the cost
OF mining and milling had to be agreed
upon. This figure was $3.50 per ton.
During the period of payments. as
now. actual costs were rarely that low.
IF at any time ore development can
be economically pushed ahead Of stop
ing, so as to allow Of milling larger
tonnage with safety a total cost of
$3.50 per ton can be easily reached.
Pieqan- Gtostsr.
NO further ore developments were
made on this property, owing to the
TACT that water level has been reached
and the small steam plant was quite
for pumping.
Connection was made with the old
Iloster shaft. on the Norman tunnel
level, by drifting 361 feet, where the
shaft was found to be partially open
Tor some distance above, and for $50
feet below under water, and a con- |
nection was also made on the 100
evel by retimbering the caved level
or distance of 2S5 feet. At this level
he shaft was closed tight and on the I
surface as well.
"The Norman tunnel was prepared
or working level, by taking up the
bottom to reduce the grade, by stull-
ng the back along the ore shoot, and
etimbering all the old timber
Laboratory tests were made on the
re and milling scheme Of moder-
tely fine grinding in solution in Chill
nils, followed by teaching Of the
ands and separate treatment Of the
lines by agitation was decided upon.
"A boarding house and Office were
1ade Of the old Gloster boarding house
ncient log cabins made habitable and
separations made for mill machinery L
'stallation. Orders were placed for {
re grinding machinery. Z
The Montana Power company Is :
lilding q main transmission line. i
ON which branch line OF not more II
IAN two miles will be required to II
'ach the mine and mill, and we are Z
aking our plans to have the min r
'mpleted at the time the power line
IL be finished-about the end Of the q
AR !