The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-03-12

The Snowstorm option on the major-
ity Of the stock of the Mssoula Cop
per company continues 20 be the sub
ject Of absorbing interest in this dis
trict The deal is called an option,
and yet the Missoula Copper stock
holders in the pool say that they are
not bound to Sell to the SnOwstorm
at so cents if they can find a pur-
chaser who will pay more. According
to we'll founded reports the Snow
storm is already planning to mine the
Missoula Copper ore, which clearly
indicates that it is known in advance
that the board Of directors will auth
orize taking up the option, and the
management Of the company must
have assurance from some source that
Missoula Copper will pass to the
Snowstorm. But if it is true that the
members of the pool are privileged to
accept a higher bid, what is to prevent
the National or any other strong con-
Germ Offering IS cents having it's offer
accepted? Of course, if 1t is true that
handle the Missoula Copper ore, then
the company must have some assur-
ance that it's bid of 60 cents will be
accepted, but it is equally apparent
some parties to the deal are either
misinformed as to the terms of the
option. or are misleading the public
as to their understanding of them.
Electric HauIage to MssouIa Copper.
1t was learned this week that the
Snowstorm company has surveyed
and located line for an electric road
similar to that of the National from
No. tunnel to the lower tunnel of
Missoula Copper. which will provide
the quickest means of delivering the
6 ore to the mill. From No. the ore
would be conveyed by the present
tramway to the mill. In the mean
time it is expected that the Snow
storm. Snowshoe, Lucky Calumet and
Missoula Copper will be embraced in
giant consolidation, when No tun-
mel will be extended to Missoula Cop
per, thus opening all these properties
at great depth.
Great Orc Body in MissouIa Copper.
There is no doubt that Missoula
Copper has great body of low grade
copper ore, that is, ore that will run
or per cent. The peculiar thing
about it is that the property has had
this big showing for two or three
and pnhnl1y to h,1 l.
come excited over 1t until the last
two or three weeks. According to
reliable information. the shoot has
been followed for a distance of
over 300 feet and a crosscut south
showed 1t to be so feet wide. Recently
when work was resumed the crosscut
was carried north and showed 30 feet
of ore in that direction, or a total
width of 80 feet. and it is stated sam
pies fairly representing the character
of the vein showed an average Of 3 or
per cent copper. 1t was then that
the excitement started and the an
nouncement Of the Snowstorm lease.
Influence Of National.
No doubt the fact that the National
Copper Mining company had expended
large sum in the erection and the
equipment Of a plant for the treat
ment of ore said to be identically the
same as that in Missoula Copper had
much to do with attracting attention
to the latter. Then, too, the knowledge
Of this great ore body in Missoua
Copper seems to have come at time
when the Snowstorm very much de-
sired to increase it's ore reserve and
no time was lost in going after it. The
Missoula Copper people having
body Of ore identical with that of the
National and easily accessible to that
company If it ever desired it, very
naturally placed the value of their
stock on a par with that of the Ma
tional. hence the big advance to the
option price given the Snowstorm
over the market value Of Missoula