The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-08-19
POWERFUL FINANCIER WHO
MADE IRON MINES OF MIME
sofa SAID TO BE BACKING
BILLION DOLLAR ENTERPRISE
NEAR CONFLUENCE OF SAL
MON AND SNAKE RIVERS.
ICanital NeMsN


tined to become famous for having
one of the greatest, il not the greatest
copper mine in America. An idea of
its vastness may be obtained from
this fact, proved by diamond drilling
conducted over a period of two years:
Five per cent of the mines area con-
tains a 100000 ton ore reserve
averaging S13 per ton, or a gross vail
ue of S130, 100000. At this ratio the
whole mine has ore values which
stagger the mind. 1t is believed by
the strong company now owning the
great property that the remaining 80
per cent of the mine will show even
higher average values than the FIVE
per cent that has been blocked out,
in which case it has ore values that
run into the billions.
Powerful Company.
The mine is in Adams county at the
north end of the Seven Devils noun
tain and is known as the Red Ledge.
1t is now owned by a powerful COM
pany of men who are big operators
or heavily interested in iron ore prop
critics in the famous Mesaba district
along Lake Superior. They have orr
ganized what is known as the Idaho
Copper Co., Ltd, whose officers are:
President, Q. II. Griggs Of Minneapo-
oils, who is the owner of number of
utility plants and is a large owner of
| iron mines; vice president, 4. j.
| Whiteside of Duluth, who is "A manu-
| facturer of heavy machinery, is heav-
/ ily interested in iron ore operations
and is an explorer on the iron ranges;
secretary-treasurer Nj. Hoppenyan Of
Duluth, who has big interests in iron
oIe mines.
The foregoing are directors togeth-
ar with L. C. Brewer of Duluth, who
is the manager of Coates g. Tweed,
| big iron ore producers, and who was
the manager of the great Newport
iron mine which is the biggest under
ground mine in the world; +. c. Ken
nedy, prominent attorney Of Duluth;
Richard Johnson of Boise; and Cooley
Butler of Butler Brothers of st. Paul,
who are financiers and big iron ore
operators. Butler Brothers have three
large concentrating plants on the Me-
saba range and last year they ranked
as the seventh largest shippers of ore
in the country. They also built the
Windsor, Canada, used by New York
Central trains.
Cooley Butler is the directing man
ager of the Idaho Copper Co, Ltd,
and Frank A Kennedy of st. Paul is
the operating manager. Mr.. Kennedy
is an eminent mining engineer. He
was the general superintendent and
active operating head of the Butler
Bros. Iron Co. on the Mesaba range.
This included a two-mile steam SHOW
el pit and seven thousand-ton concen-
trating mill unit for cleaning low
grade ore to a high grade shipping
quality, a plant that delivered 80
ton car of finished concentrates at
seven-minute intervals, at milling
cost of Is cents per ton.
Red Ledge Larger Than Utah.
The Red Ledge mine covers 1000
acres, which is larger than the area
covered by the Utah Copper company
which is at present the largest pro-
ducer of copper in the United States
A large part of the Red Ledge is
covered by ore formation. Five pei
cent of its area now developed by tun-
nels and diamond drilling shows up
four large ore zones. the narrowest OF
+. which is 4G feet in width and the wid-
est Is 1lS feet.
In the second ore zone two hundred
feet has been developed along a strike
: that show, about an IS 100000 orc re.
serve.
In the fourths zone the ore ruf
about seven per cent copper, > .
ounces in silver and - in gold pea
, ton.
To obtain better idea Of the rich.
ness Of the ore in the Red Ledge this
comparison is made: Utah Copper Co.
ore runs ! u per cent copper and Il
cent in gold per ton. The ore in tht
big Inspiration mine in Arizona runs
25 cents in gold and silver per ton
and less than three per cent copper
Whereas on the Red Ledge il IL al
most impossible 10 find any ore tha
runs below 81 in gold and silver ant
lots Of it runs SO in gold alone. II
> certain sections Of the veins silve
values alone run SIS to $50 per ton
Throughout the Red Ledge so far a.
il has been developed the ore average
! nearly three per cent copper.
Ten thousand feet of exploration
work on the Red Ledge has been com
? pleted in the shape Of tunneling an
diamond drill holes. 4 total OF 4
, holes have been made by damon,
: drills, the shallowest being POI fee
: and the deepest SOB, feet. A numbe
D of them are over 400 feet in depth
The last of the diamond drill hole
i was completed August 3.i92l. and IN
drillcrs with their equipment re,urne'
to their homes IN Spokane the follow
I ing day The last of the holes penc
: trated body Of ore i5s feet in width
To Operate on a Gigantic Scale.
: So com pietely satisfactory are II
: results Of the exploration work tina
! the company is now engaged in per
. fecting plans TO operate the Rrea
{ mine on a gigantic scale. These plan
! include the drilling OF a big operatin
n tunnel SXl0 feet IN size and 5000 fee
, long. the outer end Of which will b
e at Eagle Bar on Snake river 10 mile
q below Homestead. which j. the pre-!
Z ent northern terminal Of the raiiroa
ie that extends 6 miles down the Snak
river from Huntington, Ore. A nin'