The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-03-09
MANAGER or NATIONAL
REPORT TO DIRECTORS
INTERESTING INFORMATION RE.
GARDING OPERATIONS
TAKE ACTION.


there Is such a widespread interes
and upon the merits of which Their
has been and Is much discussion, tina
1t is here reproduced. Mr.. McCarth
goes into details in describing opera
tons since he took charge of the pro
perty and in giving his conclusions
together with a detailed financia
statement. The report was consider
ed by the directors at meeting he'll,
on February 28, when the manage
was authorized to increase the millinl
operations to two shifts upon the ar
rival of additional equipment for the
The ore above the 1900 is sufficient Il
run the mill over two years, and II
was decided to confine mining opera
tons to that section of the mine be-
fore extending the shaft to greater
depth, as this will determine to a
great extent the character of ore that
may be expected at greater depth.
Manager McCarthy's report is dated
IGbi udI9 To- anu mere iOiOWSt
The Report.
when | took charge Of the mine
about four months ago, we outlined a
program to try and prove the value of
the ores in this deposit and get some
data on which to base an estimate of
mining and milling costs. You will
raYnap1 bar tbot utbap tbiS y,raparty ,pou
equipped with mill, electric railway,
etc, the engineers on whose recon-
mendation the improvements were
made, estimated 545, 900 tons as avail
able above the 1000-foot level. When
the mill was equipped and in opera
ton, the work in the mine developed
an unexpected barren streak, which
reduced this tonnage, according to the
same engineer, to 10000 tons.
'"fhe mill was operated in April and
May, 1914, and the disappointment in
mine developments together with the |
low price of the metals made sus-
pension of operations seem wise.
During this suspension winze
was sunk 200 feet to the 12O0-foot
level
There was an opinion held by those
most familiar with this property, that
the hanging wall side of the vein con-
tanned better ore than any other por-
ton On this account 1t was decided |
that we should in our first test run,
crush a certain amount of ore from
the hanging wall Of the 1200-foot level.
In carrying out this plan, we first
crushed and milled 1900 tons from a
drift on the hanging wall of the 1900
foot level; then we crushed 1900 tons
from the 1O00-foot level slopes. have
reported to you these re-
suits, which seem to me to prove that
the ore Is disseminated throughout
The vein and that there is no segrega-
ton of values in either wall.
During January we milled 424S tons
IF ore from all parts of the mine and
attempted to carry on operations Just {
rs though we were to continue to op-
rate from month to month without |
Interruption. {
Daily samples were taken automat- /
cally from these 4243 tons and the av- c
rage shows the ore to contain O,S3 I
'er cent copper and 1.99 ounces of sill
Ter per ton of 1000 pounds. We have
reduced los tons of concentrates, k
rom which no returns have yet been d
eceived from the smelter, but which 6
ie estimate contains 20 per cent cop Z
.er, SO ounces silver and .05 ounces /
old and will have a value after pay a
ng freight and smelter charges and t
eductions, of $10,S15. O
This will show a loss of approxim il
tely $1,000 above operating expenses c,
Or the month. /,
The mill was operated only one
hift. which of course, makes milling
osts high. The heating charge alone L.
cost of "A cents per ton. r,
he mill was heated "a hours and in t,
ctual use 8 hours. if
THE mill was never operated before fiji
cold weather and the heating plant hi
IN be made to do more economical OF
ork. fa
THE cost of transporting ore from tn
Inc to mill was "a cents per ton and in
lis is a weak link in our operations ad
Attached Is sheet showing costs flu
I'd also a financial statement. | hes w
ate somewhat in offering this cost ST
atement. One months operation at VII
new property is not sufficiently long pa
make anything in the way of very
ose estimate possible.
This much can be said however, III
'ntinued operation and especially on Va
larger scale would reduce these CT
SITS. ~
we were unfortunate in having this ha
st made in January, which was tai
ry stormy, cold month and one in be
llch operating costs for all mines in Mf
district were above normal. r.
AS this completes the work ont fire
ed when operations were resumed an
wish you would promptly call boz
seting of the board of directors and on
eide what is to be done in the future lea
Riil continue to operate on the same ar,
sis as in January until some deei- or,
N Is reached by the board. The fa,
zee OF copper at present is extraor-