The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14


statement of ore shipments
Shipped by lessees since No
vember 10. 1920
Gross value ...........................S54. 454S5
Net smelter returns ................ 35. 725.1O
Gross value per car ..-............ S,O25.21
! Net average smelter returns
per car ................................ 1,9sS.61
Gross value per ton ....-......... 81.6S
Net smelter returns per ton $3.50
lions shipped on which the above
returns are based, 666.62; ounces of
silver produced, 27.24421: average
ounces of silver per ton, 1886; pounds
of lead produced. 6779OS.59; average
lead content, so per cent.
IN addition to the above a 5O-ton
car wass hipped last week This is
thought to be the banner car shipped
to date and should bring about $4,000
net Some of the slopes are up about
100 feet and the ore is holding ont
splendidly.
"The high cost of production.
freight and treatment charges have
made it extremely difficult for all the
mines TO operate. The Western Union
has Jared as well as any mine in the
district Some relief has already
come and more is expected When
conditions get back to normal and the
mine is equipped and the ore suff-
GENTLY blocked out we should be able
to run at big profit due to the very
high value of our ore.
Now a Mine.
"The Wallace Miner under date of
June 80 1921. in an article headed
New Mines Benefit Wallace has the
following to say:
"'When a mining property has
been proved to have an extensive ore
body and has actually shipped during
period of seven months. ore that
returned upwards of $4,000, it may
be regarded as having passed the
prospective stage. That is the record
of the Western Union, situated two
miles northwest of Wallace. OF fur
Their Importance is the fact that the
management of the Western Union
is convinced that the main ore body
has not been reached.
This expresses the feeling of all
those in closest touch with actual
conditions at the mine.
Much Work Accomplished.
THE management has been work
ing to get as much work done in the |
mine as possible and to get the af-
fairs in as good and safe business /
like shape as they could be had The |
following will serve to give you an
idea of some of the principal things .
done; Six hundred twenty eight feet
of drifting and prosecuting has been
done hy the company since our last
report; 3S7 feet has been paid for out
Of the receipts given above and PAL
feet is to be paid for out of the bal
ance on hand; the No. 3 tunnel and
upraise from No TO No. 3 mas been
cleaned ont and retimbered, which
greatly aids in better ventilation;
lights of way. tunnel site. camp site,
leeds taken: Taylor ore cars. 1 new {
.eyner drill. 1 mule, rewinding one 8
IS horsepower motor and drill steel I
ire the principal items added in the /
way of machinery and equipment 4
some slight defects were found in the n
title to several claims. Suit was G
'rought in the courts to quiet title r
nd the defective titles were perfect \
d. Eight more claims have been
urveyed for patent and application v
made. When this is done we will g
ave perfected protection against any $
iture title litigation c
Company May Operate. ST
THE crosscut spoken of in our last n
eport was run 241 feet without cut II
ng the ledge. AS this point is 400 8,
,et east of where the two lodges are fe
Iposed above. it is thought that nj
,reading apart as they go east ac- G
cunts for our not cutting the north p
Elm. We hope to continue this cross r.
1t some time in the near future as &C
rmation in the face of the crosscut ST
,uld not be beat for ore.
much substantial progress has ~
zen made the last year and much nc
is been learned about the property
he sentiment now seems to be for
G company to take over the prop
ty at the expiration of the present
use, August IS. The directors will 20
aet about the middle of August to Ni'
termine the best methods to pur- ~
e. We enter upon this year with I'M
ich interest and enthusiasm. be- ma
wing that it will bring forth good IN
suits" Ne
Company Finances. ne
rhe letter contains a detailed state sp'
mt showing cash receipts and ex- oel
nditures, of which the following Is St'
summary: Cash on hand last re- OF
e. S1140.49; received from assess ap'
mt No T. S9s9522; from royalties
ore sbinrents sses9 az. to,al 70 me
pts, S2O.0677S. Disbursement ac-
mt shows all payments in detail
a balance on hand of s4S1O74.
dist