The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-12-20
Big CREEK MINING CO..
HAS HIGH GRADE ORE
FACE OF DRIFT MAY BE ENTER.
ING IMPORTANT BODY OF
oae-LerTER. 80


Anderson, president and manager OF
the Big Creek Mining company, issued
a letter to the stockholders which re-
viewed the more recent operations or
the company and gave the results of
the long crosscut which will result in
exploring the ore shoot at great depth
Since Mr.. Anderson's letter was sent
out the showing has steadily improved
and 1t is believed now that the drift
west, mentioned in his letter. is enter
ing the ore shoot. A telephone mes
sage from the foreman last Tuesday
evening told of several inches of ex-
cellent gray copper in the face, simil-
ar to the high grade ore in the upper
tunnels, and it is believed that this Is
the beginning of large ore shoot.
The high water in Big creek caused
considerable Inconvenience at the
Icompany's boarding house, but caused
no serious damage and did not inter-
rupt work in the mine Mr.. Andersons
letter here follows
/ To the Stockholders.
1T might be well to state that We
have been developing our Big Creek
mine under conditions that have been
most extraordinary The expense of
operating under the prevailing prices
Of labor, material and supplies has ex-
ceeded all preeedents, and it is sur
prising that we have been able to work
continuously on our undertaking, as
planned, when everything contributing
TO it's advancement has exceeded our
original estimates and calculations.
but in the face of all these unfore-
seen and unexpected happenings we
have pushed the long crosscut to it's
completion, and have reached the full
fillment of the estimated distance, 1855
feet, and at point that is supposed to
be in the proximity of the rich ore
body as it would be extended down
above, and from which such valuable
shipments were made, and of which re-
suits you are all familiar
I'VE have projected the referred to
crosscut total distance of 1880 feet
and are now driving a right angle drift
from the face, prospecting for the
main vein. This drift has been run a
distance of $50 feet, and / am able to
state the conditions are encouraging.
You will note from the report of
the secretary and treasurer herewith
enclosed, the financial condition of the
company. 1t was the intention of the
management to sell treasury stock to
meet our requirements and to finance
the enterprise for continuous opera
lions, but this we were unable to do
owing to the general depression of the
country and the disinclination to in
vest in any class of mining stocks re-
CARELESS of quality, character or merit,
compelling us. therefore, to levy an as
sessment to meet the exigency of the
situation. ~
1T is not the intention of the board
OF directors to operate the Big Creek
mine by assessing it's stockholders. We
trust however, that those who are in
terested in the enterprise will cheer
fully cooperate with us in our efforts
to place the mine on a self-supporting
and dividend paying basis, as we are
hopeful the receipts from the present
assessment will meet the bills now
due and enable us to continue opera
tons up to the point of disclosing the.
rich ore shoot.
I'VE believe this to be the critical
moment of the Big Creek Mining COM
pany, and that determination on the
part Of the management, supported by
the confidence and encouragement of
the stockholders will bring the results
sought for, and that Big Greek will
soon be stationed where it belongs"