The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-20
MAMMOTH MINING CO.
IS NOW ORGANIZED
REPRESENTATIVE CITIZENS IN
CONTROL OF coMPANY-To
DEVELOPED PROPERTY.

E
meeting of the stockholders held In
this city Tuesday evening, when the
following officers and directors We're
elected: President, Herman J. Ross.;
vice president, Gilbert ]. Heyfron or
Mssoula; secretary and treasurer, Geo.
Austin. These with w. A. Smith, Jesse
Freeman, A. Wymann and A. II. Feath
erstone constitute the board of direc-
tors. Rush ], White and Sidney L.
Shonts, both of whom are stockholders
in the company, were designated as
consulting engineers, and the First
National Bank of Wallace was nameo
as the depository of the company.
Property of the Company.
The company is organized for the
purpose of developing a group Of
claims known as the Lead King about
thirty miles east of Missoula and near
the station of Bonita, Montana, The
property was secured under option by
George Austin, of this city, and
through his efforts the necessary
funds have been subscribed to insure
the success of the enterprise. From
the description of the property it ap-
pears to be an exceptionally attractive
proposition. Ore has been found on
1.-THE surface for distance of 1000 feet,
and the limited development work
clearly indicates that it increases in
quantity and improves in quality as
Idepth is gained, the work now disclos-
ling an ore shoot about four feet in
width. Two shafts have been sunk to
a depth of 35 and so feet, and from
these openings three cars of ore have
been shipped.
About 800 feet below the lowest of
the shafts a drift has been run about
lis feet, from which a winze has been
sunk 25 feet This work shows fully
four feet of ore that can be sorted to
i run 35 or 40 per cent lead and which
carries 6 ounces of silver. In support
of this statement there is now on the
dump sixty tons of ore that came from
this tunnel and winze, sorted and reatC
for shipment,
Plans for Development.
within a few days the entire grour
will be surveyed for patent About
1.-THE same time actual development
work will begin, the plan being tC
start a tunnel on the vein about 30'
feet below the short drift above re-
iferred to. 1t is confidently expected
that this will soon open an extensive
ore shoot from which the company, |
Ifound desirable, can make shipments
IA splendid road connects the m1n
with the railroad on a uniform grade
a distance of nine miles, but which cal
be shortened to Z with small expense
II Is stated by Mr. Austin, who vii
have the general management OF tn
property that a contract can be mad
to haul the ore to the railroad for u
ner ton. Other valuable features arr
the presence of plenty Of timber fc
mining purposes and water for power
The fact that Rush ]. White, for
merly engineer for the Federal com
panv. has taken a block of the stocl
lis significant in view of the fact ina
he examined the property at one tllh
for other parties and made favoraol
report.
Other Stockholders.
Others outside of Wallace who nav
taken stock in the initial issue to tn
amount of $500 are the following wei
known citizens of Coeur dAlene; A. '
Chamberlain, president If A!nerical
Trust company; R. M. Hart, manage
of the Blackwell Lumber company
Sig Hofslund, assistant secretary o
: the Blackwell company;A. E. Bronson
, foreman Stack Gibbs company; an
f w. Esgate, commissioner O; k"ote
, iuai county. Other outside suhscrin
: ers are A. e. Russell, attorney asso
ciated with Post, Avery & Higgins,
, Spokane, and Geo. H. Drlggcrs, also
: Spokane attorney and adjuster for tn
: Aetna Liability Insurance company.
! Mr.. Austin announces that 1909.
, shares of stock of the company VIII
r once be offered the public at cent
r per share.