The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-02-22
DAYS TAKE BOND ON CONTROL Of CHICAGO.
BOSTON AND NOW DEVELOPING PROPERTY
DEAL THAT is THE CREATE ST IMPORTANCE DISTRICT
PROMISE,
LEAD AND THE OTHER SILVER.

The Days have taken a bond on the
property of the Chicago Boston Min
ing company located on Lake gulch.
about a mile and a half east of this
city, and are now actively engaged in
developing it. While this statement IL
not made upon the authority of any Of
the parties connected with the deal,
The Miner is warranted in making II
from Information received from vari-
Gus sources and from the fact that
men connected with the Day interests
lhaVe charge of the operations. Cyrus
w Gossert, formerly manager of the
Chicago Boston, when asked for In
formation on the subject declined to
make any statement regarding the
matter as did also DR., l., Il. Hanson,
a large stockhoder in the company
And the man through whom the prop
erty was evidently turned to the Days.
For several months Dr. Hanson has
been quietly taking up Chicago Bos-
ton stock under an option for one year
at 10 cents per share. 1t is understood
that he had secured under this
agreement over 100000 shares of the
800, 900 capitalization. This has now
been taken over by the Days, giving
them complete control of the prop
erty No intimation could be obtain
ed as to the price involved in the
stransaction. Upon the consummation
ot the deal a few weeks ago no time
was lost in beginning work on the
property which had been idle for sew
eral months, and development Is now
going forward with energy character
istc of Day mining enterprises.
Hoist Installed.
Former work on the Chicago Boston
had been through tunnels which had
explored the veins as deep as praetic-
able by that method Upon the trans
FER of the property shaft was started
| by the new owners near the creek and
40 or so feet south OF where the big
lead vein is supposed to cross. At the
|
and the extension of the power line Of
the Washington Water Power com
Ipany was begun. The power line was
completed q few days ago and Tuesday
the hoist begun operation. 1t is said
to be capable of handling the work to
depth of 1900 feet, which would in
dicate that the management contem-
plates extensive exploration. 1t Is
probable that the shaft will cut the
ledge at about 100 feet Three shifts
are working and the shaft Is going
down at a rapid rate.
Showing on the Property.
The Chicago Boston is an old loca-
tion. 1t was originally known as the
Tin Cup, and until about year and
half ago its value was limited to
comparatively small vein carrying
gray copper with high values in silver.
FThis vein has been developed by a
series Of tunnels. but was never
Drought to a productive state. In the
upper tunnel the vein has been cross
cut and drifted upon for 325 feet,
showing an average width Of probably
two feet of gray copper ore that will
run 20 ounces in silver. The ground
has been prospected above this by
shallow tunnels. About $50 feet below
another crosscut has been run which
stopped probably 60 or 70 feet from
the vein. This tunnel, as an indica-
tion of the approach Of the vein, cut
several stringers Of gray copper which
assayed 4S0 ounces in silver, and 1t Ia
reasonably certain that its extension
will find a shoot of wonderfully rich
silver ore. This is ore similar to that
found along the dry ore belt as far
west as Big creek.
Slide Uncovers Big Lead Vein.
| For many years the owners OF the
Tin Cup and later the owners Of the
Chicago Boston prosecuted their de-
velopment without a suspicion that a
great lead vein was within few feet
of the portal of the lower tunnel and
paralleled the gray copper vein about
200 feet to the north And they might
never have known it had not the thrift
of an employe of the Hercules COM
pany undertaken to divert the water
of spring into the flume that passes
across the Chicago Boston ground.
This flume conveys water to the Her
cules mill, and as water Is short In
the dry season, the addition of the
flow from the springs along the flume
Is matter Of considerable import
ance. In preparing the ground for
short trough from the spring to the
flume, this workman started a land
slide which uncovered ledge 40 feet
wide with galena literally distributed
through 1t. The management of the
Chicago Boston at once recognized
that a great asset had been added to
the company's holdings and steps
were at once taken to explore 1t.
Nine Feet Of Commercial Ore.
A crosscut was run from the lower
tunnel a short distance from the por-
tai, which showed the vein to be prac-