The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-12-04
TO DEVELOP HYPOTHEEK
BY A CR0SSCUT TUNNEL
REDUCE OPERATING COSTS, CUT
THREE VEINS AND WITH
OUT ASSESSMENT.

A new plan for the development and
operation of the Hypotheek mine has
been adopted after careful considera-
ton which will eliminate the heavy
expense Of pumping and hoisting and
which it is believed will place the
able basis. Final arrangements We're
completed yesterday and work under
the new plan begins today, under the
direction of Sam Linn. This contem-
plates driving a crosscut tunnel that
will cut the original Hypotheek vein
in about 500 feet at depth of about
$50 feet; the second vein in about 1876
feet further at depth Of approxim-
ately 500 feet, and the third vein at
an additional distance of about 335
feet and at probable depth of 800
feet making the total length of the
crosscut approximately $40 feet. AL
though the Hypotheek company owns
the entire section of land in which it
Is located, it was necessary to go be-
start this tunnel. To do this it was
necessary to purchase three 4O-acre
tracts joining section 13 on the north
from A. C. Morbeck, Of Kingston. This
purchase was consummated yesterday.
Work begins today and as many men
as can be employed to advantage will
be utilized. When the first vein is
cut drifting will proceed both east and
west, gaining much depth in both di-
rections with reasonable expectation
of developing much ore, as was the
case on the corresponding shaft level.
The crosscut will be west of the shaft.
Ore in Two Other evins.
At the same time the crosscut will
continue to an intersection of the
other two veins, and their value has
been practically proved by diamond
drill operating from the 900 level OF
the shaft. In both veins commercial
ore was found which amply justify the
extension of this crosscut. With three
veins to be explored, all known to
carry ore, 1t would seem that this new
plan for opening and operating the
Hypotheek has every element to JUS
tify the expectation of rich returns for
| the enterprise. The big advantage OF
this plan is that it cuts off at once the
heavy expense of hosting and pump
ing. The shaft will be allowed to fill
with water. When sinking eventually
becomes necessary below the cross
cut, the ore resources should be am
Pile to carry the expense
| Without Assessment.
In conversation with Otto A. Ols-
son, secretary and manager OF the Hy-
notheek. he stated that arrangements
had been made for financing the work
which he felt sure would render as
sessment unnecessary. Speaking OF
former operations he said that ore
shipments by the company had re-
turned profit Of more than $so,ooo
all of which had been utilized in ma
king permanent improvements ana III
paying the debts of the company. Tht
shaft is 100 feet deep and there IL
considerable commercial ore on the
Hover levels but it did not justify the
heavy expense Of operation through
the shaft. Work was therefore sus'
pended about Is months ago. INT
lplant and building Of the company
Iare in good shape, and there is NJ
loutside expense in starting the new
work except for building blacK
smith shop near the portal. II th'
Lamentations of the management arr
realized, the 150-ton mill will be NOV
ed to a convenient location.