The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-06-06

Net value or shipments f. o.
b. destination .......... .$461, 743.72
Miscellaneous receipts .. 5,159.6G
Total net value Of ship
ments ....,....,.....$4 6G, 903 SO
Operating costs .,,.....,.. 317,30674
Cost of improvements . 1l,509l5
Surplus for the period ...,. $13S, 0S7 40
Mining and Milling Operations.
The principal features of the min
ing and milling operations during the
quarter were as follows;
Tonnage mined, 43.4l9; tonnage
milled 1881.
Average contents: Zinc, 2IO2 per
cent; lead. 6,77 per cent; silver, 2.27
ounces
Shipped zinc ore, crude, 1,457 tons
4S.7O per cent zine 1,41S,923 pounds
zinc.
Zinc concentrates, 1851 tons, 444S
per cent zinc; ll,2O2,7S1 pounds zinc.
Lead ore, crude, 1875 tons, 1855 per
cent zinc; 16S.9Sl pounds zinc; 1919
per cent lead; 626,32O pounds lead.
Lead concentrates, 1879 tons, 1927
per cent zinc; 513,S24 pounds zinc;
1894 per cent lead; 1,577,34O pounds
lead
Total shipments, 1882 tons; 1904
500 pounds zinc. 2203,66 pounds lead.
Recovery, Costs, Etc.
Total recovery of zinc, 1918 per
cent.
Recovery ON basis of zinc paid for,
1853 per cent.
Total zinc I'm zinc crude and zine
concentrates shipped, 12,621,7O pounds.
Total lead in lead crude and lead
Cost of mining, per ton extracted,
SAFES.
Cost of milling, including royalties,
per ton milled, $1.9S2.
SG7O5.
Reduction in Costs.
During the quarter there was min
ed 4S.419 TONS and the mill treated
35,SSl tons. The average mineral
contents of this ore was 21.O2 per
cent zinc, 6.77 per cent lead, and 2.27
ounces of silver. from which there was
produced and shipped 13,S0i,5C9
pounds of zinc, 2,203,66O pounds OF
lead and 40,023 ounces of silver, The
average monthly shipments for the
quarter were 5,45l tons of zinc and
lead silver ores.
1.-THE mining and milling costs dur
ing this quarter show a decrease Of
$50 cents per ton over the previous
quarter This reduction is due to the
better facilities for the treatment of
the ore, and we hope to make a still |
further reduction in this cost during
the second quarter
Development.
1--WE have drifted 800 feet on the ore
on No. s level. The average assay |
OF the ore on this level is "a per cert
zinc and per cent lead. Durin., the
No. level. distance of 200 feet be.
low No. level and we are now drift.
ing on the ore on this level
Work on the Silver State crossrut
was temporarily suspended, pen ling
the installation of additional pumping
facilities. AS soon as. this installa- {
ton is completed work will be re-
sumed on this crosscut. We have
about 400 feet further to go to en- 4
the vein that was developed 6
on the upper levels in the Nipsic {
property. The development work on I
the upper levels in the Nipsic prop !
arty showed five feet of high grade
IRE. which is 1000 feet above where !
We expect to encounter the vein in j
his crosscut. C
Flotation. h
I'VE are now treating the tailings u
lump, and find that the average zinc Z
'alues run better than II per cent d
INC, instead of 10 per cent as prev
pusly estimated This tailings dump U
ontains 100000 tons of material, of i'
n average assay of ~ per cent zinc,
nd with a 80 per cent ercovery from !.
he flotation treatment, should pro-
uce approximately $4,000 tons of
Concentrates, assaying 46 per cent
inc. lnasmuch as there Is no cost
Dr mining in connection with this v
filings dump. and at the present
rice of our product which is about
cents per pound, it should net the "
,mpany better than 100000 This
ockpile Is very valuable asset VI
lring this period of unusually high %
reduction costs as II needs only to ei
, run through the flotation plant and U.
tipped. eo
mo dividend was paid during the VI
Iarter. However, the company's in II
me tax has been provided for out of ~
e earnings Sc