The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-12-10
FEDERAL COMPANY PERMITS OPTION ON
FLYNN GROUP TO EXPIRE ON DECEMBER |
HELD TWO YEARS WITHOUT DEVELOPMENT WoRK-oWNERs DE-
CLINE TO GIVE FURTHER TtME-oTHER PARTIES
HAVE SOUGHT PROPERTY.

In December, 1912, the Federal Min
ing & Smelling company took an OPP
ton on $4,000 shares of the Flynn
Group Mining company at 20 cents
por snare. and on 10000 shares of in
dividually owned stock at S5 cents
per share the total amount thus tied
up being $4,000 shares or 81 per cent
of the capital stock. The option was
for two years, or until December /,
1914, and provided for a cash payment
of $500 and the exploration Of the
Flynn Group ground through the eX
tension of level from the Frisco
shaft a distance of approximately 1000
feet, The following month, January,
1913. the Federal purchased the Frisco
property for 100000 under an agree
Iment to expend s150000 in dewater-
ing the mine and in equipping 1t for
further active work. During the same
month the Federal secured an option
on 96 per cent of the stock of the Star
Mining company. These acquisitions
gave the Federal continuous holdings
from Canyon creek to Mullan, cover
ing a section of tremendous prospec-
tive value, and 1t was expected that
the exploration of this ground would
be prosecuted with great energy.
: Nothing Was Done on the Flynn.
, The dewatering of the Frisco, re-
timbering the shaft and generally
placing that old property in safe
and workable condition was big un-
dertaxing and it was generally under
stood that with this work accomplish
, ed the Frisco workings would be
speedily connected with the Flynn
ground. But no move was made In
that direction. The old workings Of
the Frisco received much attention, O
6 mill was provided and trial run was
made which proved unsatisfactory
i, Then n new milling process was de-
;, vised embodying flotation and dry
4 electric separation which Is Just now
about to be tried out Meantime the
O. wo-year option on the Flynn Grour
t expired on the first of the present
s month with nothing credited to this
Federal except the initial cash pay
ment of $500. It is stated that the
Federal company desired an extension
of time and probably a modification O
the terms Of the option, both Of whict
\ we're refused by the owners OF th'
K nropartv. It is learned, however, tha
the Flynn Group people have gver
The Federal 30 days in which to sub
nit a new proposition.
E FLYNN a Valuable Property.
II ia understood that the reason tn
owners Of the Flvnn Group declined T.
rive the Federal more time was Vt
failure to do anything during the tw'
- wears II has held the property towar'
developing It. II is also stated tina
=, since the option was given other par
Z ties have been ready to take hold o
the property and develop 1t, but the'
propositions could not be considered
), on account Of the Federal option Un
- der these circumstances it Is not likeF
:, that the Federal, should it desire Z
:. tie up the property again, will be abb
:. to do so on as liberal terms as wer
secured under the option that ha
lust expired. The optiop was ne@otta
ted for the Federal by Frederick Bur
= bidge prior to the management Of tn
- company passing to Mr.. Day.
! Three Well Known Veins.
= The FLYNN Group consists Of /
claims that practically fill the gap be
tween the Frisco and the Star. II
=. location covering the divide betwee
. CANYON creek and the South Fork ha
:. rendered its development at depth DIFF
GcuIt and expensive, but enough ha
been accomplished to convince tn
=. owners that their ground is traverse
=, by the Gem, Frisco and Black Bea
- veins, all famous as mineral produc
.. ers since the early days Of the distr'"
with such a showing as this tn
Flynn Group people do not seem dis
turbed over the lapse Of the optic
held by the Federal, but on the con
trary they appear to feel conflder
= that they will be able now to hand
the property on a more favorable pn
-, sis It adioins the Black Bear Cor
- solidated on the Canyon creek sic
and the Star on the South Fork SID
y, the former of which is being active
- placed In a productive stage and Y
- latter will be the scene Of ext"ns''
:, work in the spring which VIII e'
:. plore its known ore body at gre
- depth.
~ The owners Of the Flynn Group ~
John HAYS, James Cronin. Tim M
Carthy, Mrs. w A. Jones. j. F. Whe
= an and Mrs Catherine Godfrey
.,H -, residing in this district, and Mrs. p
as Flynn Of Pittsburg.