The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-12-25
.LOMBARDY SEEKS ORE
UNDER IRON CAPP|NGS
TOckHOLDERS ARE NOTIFIED
OF THE RESUMPTION =.
OF ACTIVITIES.

The Lombardy property, located in
Italian gulch north Of Kellogg, is now
under active development and accord
ing to the notice sent stockholders
this week the work will be carried
steadily along until the ore is reached
Ibeneath the big iron Gaping, exposed
on the surface.
The letter to the stockholders, issu-
ed by Peter Albinola, president, and
! Herman J. Rossi, secretary, explains
conditions at the property and is as
follows: -
"Our letter to you of August 8, 1919
advised that we would need to pro-
ceed with the closing of the securing
of patent for all of the claims owned
by the company, totaling Is in num-
Der. The acreage of these claims con-
sisted of 25S.713 acres upon which the
government required S. per acre to be
Ipaid and to whom we transmitted the
sum of 1925. To further complete
our application giving certificates of
the records, payment to attorney,
taxes, interest, advertising and simil-
ar costs amounting to $472.22 has been
ipaid out, all of which was produced
by the assessment levied August 8,
1919. We hold the governments land
office receipt and patent will be short
Ily forthcoming.
"a general revival of the mining in
dustry cdnsed our property to be fire.
quently visited by different engineers
and mining experts, all of whom are
urging us to proceed with crosscut
from the main level at point west of
the hoist and run the same toward the
very extensive outcrop showing on the
/ surface. This work has been co1ttn-
Iually in our mind to do for many
years but the showing in the main
tunnel always caused us to follow the
ore which we opened therein but
which did not enlarge as we hoped 1t
would.
1--WE have two objects in mind in
running the proposed crosscut
First, it is work costing mini
mum of expense, does not need hoist
ing or pumping and can be done in
comparatively fast time.
Second, the surface outcrop, one OF
the finest in this district, has every
indication of being over a large ore
body and is in reality the choicest
showing that we have. The proposed
crosscut from the hoist should cut
this at a distance of approximately
3S5 feet at a depth of approximately
500 feet.
"The hoist and shaft with it's cross
cuts and drifts, at present filled with
water, are always an asset for future
work and when the ore is struck, as
we are sanguine it will be in the pro-
posed crosscut outlined above the un-
watering of the shaft will be a matter
of but few days and the ore body can
then be further opened up quickly al
the greater depth of the bottom of the
shaft and thereby furnish Immediately
such reserve that shipments can bt
: started and steadily continued.
"Your directors ave thought 1t ad'
visable, having 1889 on hand, to com
mence the outlined work and nave
authorized the president to put some
3 men at work thereon and work Is nov
proceeding. However, as the funos oi
, hand will soon be exhausted and I'M
[ work must thereby stop, conditlol
not at all for the best interests OF th
q stockholders, an assessment or one
q half cent per share was today ieVle'
q upon the outstanding capital stock o
the company, for which notice
hereto appended and we urge that a
quickly as possible the stockholder
will respond with their proportion
e thereby insuring return to them Il
o substantial ore bodies and ore re
J. serves in the near future"