The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-06-26
LUCKY STONE COMPANY
HAS RICH ORE SHOOT
PROPERTY OF PROMISE NEAR
OSBPRN-MlNERAL POINT
LEASERS WILL SHIP.

A promising shoot of ore has been
struck by the Lucky Stone Mining
company, about two miles from Os-
burn, on McFarren gulch. The ore
varies in width from 8 inches to feet
and appears to be the top of an ore
body of Importance. The tunnel as or
material which was supposed to be the
vein, but subsequently it was found
that this was a fault and that the vein
cuts across 1t Il considerable distance
back from the face, Going back to the
point of intersection Il few shots dis
closed well defined vein with fine
streak of ore in the bottom. This has
now been followed about 20 feet, and
in places there Is ore coming in in
streaks for a width of two feet and
apparently rapidly widening below
The ore carries a high value in silver
which is characteristic of the Osburn
section, and 20 sacks of high grade
have been sorted and await shipment
The present tunnel has a maximum
depth of only about 50 feet and the
company is now planning to sink on
the ore in order to prove its continuity
for considerable depth, to be follow
ed by deeper tunnel. 1t is stated
that a crosscut 800 feet would cut the
vein at depth of 200 feet below the
present tunnel. Further depth can
also be obtained by another tunnel If
conditions warrant 1t. There is a good
wagon road to within half a mile of
the property and a good trail the bal
ance of the way. The Lucky Stone
company owns Ia claims and it is un-
derstood that plans for more extern
slve work are being considered, due to
the splendid showing that has recently
been developed Lumber will soon be
taken up for new building and ore
shed. The property is said to be con-
trolled by Detroit and Toronto people
although considerable stock is held in
Spokane where the officers of the COM
pany reside c. l.. Russell is president,
DR.. G.. C. Brown vice president, and
Geo. H. Walters, secretary treasurer,
all of Spokane. These with Don r,
Kizer, of Spokane. and Fl. r, MCGUIRE,
of Perry Sound, Ontario, constitute
the directors
Mineral Point.
The Pabst lease on the Mineral Point
mine is reported to be proving pro-
ftable to the three men who hold it
Eight or 10 tons of ore that Is expect
ed to average 1875 ounces in silver Is
now ready for shipment, and it is said
that the ground is now opened up tc
an extent that will insure steady pro-
duction on limited scale. This pro-
perty was shipper of high grade
many years ago and has now been
brought back to life by the high price
of silver.
Polaris.
Leasers on the Polaris recently
shipped Is tons of gray copper, half
OF which returned 100 ounces to the
ton, the other half was somewhat low
er but yielded a fair profit.
SIverado.
1t is reported that the Silverado Mi
lining company will soon begin exten-
sive prospecting work with a diamond
drill. but what particular part of the
mine will receive attention was not
learned. The company has mill a
short distance below Osburn and is re-
ported to have considerable ore both
, on the main tunnel level and in the
shaft The company has been inactive
for many months
Nellie.
Some day the right man will come
, elorg and place the Nellie on paying
basis It Is a property of great merit
, and has produced many thousands Of
: dollars, but through incompetent, in
experienced and irresponsible manage.
! rnent the various leasers who have
from time to time taken hold Of tht
q property have failed to make prof
! and In some cases failed to pay theil
, bills The ore is rich in silver and +
. is believed that little money expend
. ed under capable direction woult
transform the Nellie into a none.
maker.