Weekly journal-miner., 1916-05-24

meantime the big three-compartmen' working shaft is being carried dowr
 by hand steel.
 The Wrigley Exploration Com
 pany. financed by the Wrigley chew
 ing gum interests. has taken up eX
 tensive holdings in the extreme south
 eastern .part of the district, and i;
 now preparing to install equipment
 This company's property is located al
 low typographical level, and 1t pro poses to start an exploration tunnel
 to the north to run several thousand feet with the idea of cutting a number
 of the great east and west vein sys
 tems at extreme depth.
 The Ivanhoe Company has just
 shipped 50 tons of ore from shallow
 workings on its Nancy Lee claim to
 the Gold Roads mill It is stated that
 average sampling of this so tons of ore showed values of about $500 per ton in gold.
 The Esperanza Exploration Com pany completed the installation of its machinery, and is now actually en- gagged in shaft sinking with power steel.
 A new No. 7 Cameron sinker pump has just been placed in the Lucky Boy property to handle the flow oi water expected when its vein is cut. Veins in this section of the distric, are uniformly wet" veins.
 The Hi Henry shaft is now down 100 feet, and Manager Coss expects to cut the main vein at about 150 feet
 OE I1.eA 2SA foot compressor have just been de- livered on the Green Quartz ground in the southern part of the district and are now being installed.
 Development work in the Gold Dust property on the 250 and 50O-foot levels continues to place in sight very fair tonnage of low grade com mercial ore according to the reports of the superintendent. Latcrals on these levels are being sent into the precipitous hill which crowns part of this property, so the actual distance below the surface is about 300 feet greater than the destination of the levels would indicate.
 The new directors Of the Tom Reed Company have held their organiza- ton meeting. and NJ. B. Mordyke, new director. was elected to the pres idency to succeed Charles Grimes, who had been president for about nine years. w. J. Lawrence was retained as secretary. Charles N. Post, new director, was elected treasurer, and Charles Mushrush. an old director. was made vice-president. It is off cially stated that the total produc ton of the Tom Reed to date is ap- S6.O00,000, and that dur ing last year its average extraction from its ore was about S20 per ton gold. The annual statement of the company will be made public in about 20 days. The deepest workings have attained depth of 1.400 feet. and to tai footage of workings is 30,007 feet.
 An exploration crosscut in the Gilt Edge property is out about l50 feet and the main, vein is being nearei. Considerable depth is being gained by this crosscut as it progresses. Some thing like II feet Of vein matter show ing much limonite with tow gold val les has already been cut
 The southerly 'crosscut on the 800 foot level of the Fessenden is out about 50 feet, and the superintendent. expects to encounter the vein by the latter part of May.
 Drifting operations are under way | on the 4S5-foot level of the Big Jim and it is reported that ore averaging S25 per ton is now being l ,ut. Of incidental interest, althougf | having no relation whatsoever tc 1 present physical developments. is th, | .act that the syndicate which recent ! W contracted to purchase 10000 | shares of this stock at S175 per sharv seems to have been unsuccessful in | ,arrying out part Of its contract. This | las resulted during the last ten days | Il a very notable decline in the price | )f this stock. \ new stock deal whicf | s reported to be very favorable 10 he Big Jim Company is now under way. and it is intimated that it will be consummatod this week. md that it will give this company sufficient money. not only to carry on very extensive development cam 'aign. but to construct its own reduc ion plant when the size of the ore eserves blocked out in the mine shall t,f,. c,,~b yIap.