The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-03-15
SUCCESS HAS B|GORE ESHO0TA0O LEVEL
COMPANY SECURESM|NE CUSTERCOUNTY
REPORT MANAGER GEARoN SAYS SHOWING BETTER THAN
IN UPPER LEvELs-WiLL BUILD MILL ON CLAYTON
PROPERTY WHICH WILL PRODUCE.


rectors of the Success Mining com
pany the first Of the week, repor
TO the stockholders of the compan,
has been issued by p. j. Gearon
president and general manager of the
company which, so far as showing the
condition of the mine is concerned
confirms the information obtained
from other sources and published ir
the Miner last week. 1t is believed
that Mr.. Gearons description of The
ore on the 400 level is very conser-
vative, and that it is probably better
than this report indicates. While il
has been common knowledge for some
time that important ore development
had been made on this level the Of
ficial information. now given out by
the management is highly reassurine
to the large numbers of holders of
Success stock scattered all over the
country. All indications point to
finding the ore shoot on the 1900 lar
ger and of better grade. The solid
formation and steady enlargement of
the quartzite which carries the ore
indicate that Success is Just entering
the most productive period of its his
tory. The lowest level is 500 feet be-
low the main working tunnel, and it
may be profitably mined at further
depth of 1000 feet or more, corre-
spending to the deep development of
other mines of the district.
Takes Over Custer County Mine.
The report of Manager Gearon is
the first authorized announcement
that the Success company has taken
over the property of the Clayton Mi
ming & Smelling company i'm Custer
county, which confirms the belief that
has prevailed since Mr. Gearon and
the companys engineer visited the
property last winter The terms un-
der which the property was secured
are not stated When the company
understood that there was quite a
large surplus in the treasury, held
presumably as safeguard pending
the outcome of the litigation with the
Alameda. This has probably been
increased to some extent, and the sur
plus on hand is undoubtedly sufficient
to meet payments on the property and
provide all necessary equipment, in
Guiding the mill.
Manager Gearon's Report.
The report of the manager of the
Success, which is issued under date
of March Is, isshere given in full:
IN August, 1916, when dividends
were suspended, we were developing
the l200-foot level and sinking to the
were in a crushed zone. The 1900
foot level was badly broken. The
1300-foot level proved similar AL
though we picked up several short
were unable to locate the main ore
shoot. This was discouraging, but we
continued the shaft to the 1400-foot
level. Here we found marked i'm
and the quartzite dixie, which carries
the ore, was wider on this level than
any level in the mine About four
weeks ago, on this level. we picked
UP what has proved to be the main
ore shoot. We have followed it for
approximately 80 feet and know that
it is 20 feet wide in places. The shaft
has been continued to the 1900 level.
The station on this level is almost
completed and next week we shall
start development of the 1900 level.
Present indications Justify the asser-
tion that the 1900 will prove the best
level in the mine. All indications
point to the fact that the Success mine
at depth will prove bigger and better
than it ever was on the upper levels.
Buy Lead Silver Mine.
For your information / might state
that the 1900 level means from the
apex or outcrop Of the vein. The
shaft is 500 feet deep. 1t has been
sthe policy of the present management
to expand and acquire other proper
ties While We have examined several
in the past year and half, not until
last December did we come in con-
tact with property that had all the
earmarks of a mine. After examina-
tion by two competent mining engin-
GERS. We have taken over the Clayton
Mining and Smelling company prop
erty Of Custer county, Idaho, consist
Ing Of 20 mining claims, 4 millsites
and necessary water rights, divided
into four groups, the most important
Of which is the Red Bird group on
Squaw creek. This is high grade
silver-lead property. | quote you
from the report of Robert n Bell,
present state mining inspector for
the state of Idaho:
Looks Good to Bell.
1.-The development now on the
property is extensive and can be made
to produce shipping ore within a
month, and six months energetic de-
velopment with a small compressor
for crosscutting and raising. believe,
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