The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-06-13
COPPER KING COMPANY
PREPARES FOR A MILL
SECRETARY ISSUES INTEREST.
ING STATEMENT COVERING
THE PROPERTY.


per King Mining & Smelling company,
has issued a statement to the stock
holders which goes into considerable
detail in describing the condition Of
the property and the plans of the
company for future operation. He
states that there Is now from 1900 to
1000 tons of commercial ore on the
dump and that work soon to be under
taken will make 5000 tons additional.
as well as placing the mine in condi-
ton for production. For the discov.
cry of the large ore body and Its sub
sequent exploration, Mr.. ingalls, says
much credit Is due to Thomas Sullivan,
now superintendent of the Silver
Cable mine in Montana. Included in
Mr. ingalls, statement is a report on
the Copper King by l.. r. Hayes, min
ing engineer. Altogether is an in
teresting description of a property that
has been in the public eye for many
years and is therefore reproduced In
full:
To the Stockholders.
In our last statement, dated Jan
uary Is. 1918, we informed you of
important ore Developments on our
lower levels.
AT this time we are pleased to ad-
wise you of the development OF large
j, shoot of lead. silver and copper ore
,,sr, from IL to SIS feet wide and from 60
,on, to 30 feet in length. ali Of which has
,o,e been explored by drifts and cross
! cuts. In doing this work we have
extracted and placed on the dump 1900
to 1000 tons of commercial ore which
Is available for milling and all of
which has been taken from the sill
floor opening and leaves on this level
at least that much more ore unbroken
Out of the ore extracted we have hand
sorted about 20 tons of high grade
running 80 per cent lead and Is ounces
silver per ton. This ore we intend
to ship crude for smelter test This
high grade is scattered throughout the
shoot, which makes 1t rather difficult
for hand sorting unless conditions i'm
prove either above or below this level
ut Is practically impossible for any
one to judge the Copper King from
this single opening in the ore body on
the lower level, as this level Is cut by
faultlng system which has caused
considerable movement and crushing
in the ore body itself, and levels either
above or below this point may deter
mine entirely different conditions In
ore formation One favorable condi-
tion that we have noticed on this
level is the small amount of zinc In the
ore. While zinc does occur in the
ore, II Is not near as prominent as In
other mines of the district at the same
depth. Another factor of importance
Is the persistent occurrence of appre-
ciable quantities of gray copper, or
tetrahedrte, which serves to Increase
the silver values and adds by pro-
duet of copper silver ore in the con-
centrated product.
This development by no means
limits the ore resources of the Copper
King. 1t only serves to enhance the
Importance and possibilities of fur
Their development work. We have al
ready developed two other shoots of
ore Of commercial size and quality on
this same level, and this present work
proves absolutely that we are in an
extensive mineral zone well worth all
the effort we can expend on 1t. There
fore. your directors recommend fur
ther exploration work at once on the
ore bodies opened. and also further
development for new ore bodies as
soon as possible.
Mill This Summer.
I'VE now have the sill floor on the
tunnel level tmbered and have start
ed work opening the first floor above
We intend opening still another floor
which will make two full floors above
the sill and prepare the mine for ac
tual production by stopping operations
This preparatory work will place at
least 5000 tons additional ore on the
dump From the second floor We in
tend to drive raise on the best show
ing OF ore, and develop the ore re-
sources on higher levels Your COM
pany has 1900 feet of virgin ground
above this level, which assures album
dant ore supply for a mill.
I'VE have taken up the matter OF
constructing a mill with several diff |
ferent parties. but have nothing defin-
lite to report at this time except that |
indications are favorable for mill con
struction this summer With even
small plant in operation there is hard
~ a question but that operating ax-
penses could be met on a larger scale
than a. present, and the mine develop
ed to a more advanced stage where a
dividend profit could be realized.
Engineers Report.
Below we submit a short report
from our mine superintendent, Mr.. l..
r. Hayes, mining engineer OF wide
experience in the northwest and par
ticularly in this district In his re-
port to your directors Mr.. Hayes says:
1.-THE main ore body so far OPP
ened In your tunnel No. 8 has
been opened IS feet long and var
les In width from 3 to 26 feet and