The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-10-04
Intermediate Level
Between 900
and 100
ASSAYS 70 P. C. LEAD
Drift East on 900 Also Finds
Fine Body Ore; Re-
duce Debt

the Hypotheek mine than ever
before in it's history and the
outlook is so favorable that Otto
A, OLSON, the resident manager, states
that, assuming that lead maintains its
present price, the company Willb be out
of debt by the first of the year. when
stockholders may reasonably expect
dividend disbursements soon, thereaf-
ter Recent developments in the mine
in the way of new ore bodies are most
gratifying and seem to fully justify the
above optimistic prediction. While
development work has not been car
ried on as aggressively during the past
few months as has been desired by the
management, owing to a shortage OF
men, that which has been undertaken
has been we'll directed as indicated by
the splendid results accomplished.
Soon after Sam Linn became superin-
tendent of the Hypotheek he propos-
ed to extend the drift on the 900 level
east, the vein there having little ore
and it's favorable appearance warrant
ing further exploration. This coincid-
ed with plan that Manager Olsson
had long entertained and 1t was there
fore decided to drift further east. This
plan was further supported by the
rake of the ore shoot on the 700 level,
which was strongly to the east. After
driving about $50 feet the vein turn
ed slightly to the south and broke in
to a body of iron with more or less
copper intersperced through it. A
stope was started here and about this
time Mr.. Linn noticed stringer run
ming toward the foot wall. He decided
to put in few rounds and see what
the stringer would lead to. He fol-
lowed it about Is feet when 1t expand
ed into full face of ore which prom
ises to be shoot of great import
ance. 1t. is believed now that what
was supposed to be the foot wall was
a horse the main drift following one
branch of the vein along the hanging
wall while the new ore shoot is the
other branch on the foot wall.
Rich Shoot Between 900 and 100.
In the meantime another raise was
being made from the 100 level and
at an elevation Of about 100 feet, or
at a point corresponding to the 1000
level, drifting was started east and
west. The raise was made on a little
ore, and as the drifts were extended
the ore steadily increased until the
entire width of the drifts were in ore
This Is the situation in the east drift
now, the entire face being OF good
grade milling ore. In the west drift
the ore shoot is 16 feet wide and there
is feet next to the foot wall that will
average 70 per cent lead. The balance
of the shoot is all of good milling ore
Samples of this ore were exhibited IN
the city Tuesday. In addition to the
high grade galena, there is much car
Donate ore also.
Find Another Vein.
For some time the Hypotheek COM
pany has been carrying on extensive
prospecting work with diamond drill
both for the purpose of locating ad'
ditional ore in the original channe
and in parallel veins. This work ha'
disclosed much valuable information
which will guide the management IL
future development. The most i'm
portant discovery. and the one that Il
significant of the possibilities of deel
development, was made by the dia
mond drill in hole driven north iron
the 1900 level Here after drilling on
ly 80 feet shoot of ore was encoun
tered which proved to be feet wild
and which assays EOS per cent lead
crosscut will soon be driven to thi
ore, and in the meantime the diamon
drill will continue to make farther ex
ploration Of the company's ground.
Ore Shipments.
The Hypotheek mill is running tw
shifts and is turning out 20 tons O
concentrates per day, while tons o
crude ore per day is produced. IN
values in the concentrates range fror
90 to so per cent lead. to IL ounce
of silver and from 50 to $6 In gold. Tn
crude ore has from 70 to so per cen
lead, 10 to Is ounces Of silver and
trace of gold The shines carry frof
40 to so per cent lead, s to IL ounce
OF silver and gold as high as $21. Tn
shines contain much iron and mangan
ese and it is evident from the fore
going figures that the gold Is assocl
ated with them.
Cutting Down the Debt.
When the Hypotheex began shippin
the camnaa.. hna hanaad dahf {