The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-08-11
NEW VEIN At MAJESTIC
MAY HAVE AN ORE SHOOT
UNEXPECTEDLY FOUND NEAR
PORTAL OF DEEP TUNNEL
LOOKS GOOD.

An interesting letter to the stock
holders of the Majestic Mining COM
pany has just been issued by the di-
rectors through Therrett Towles, sec
rotary and treasurer of the company.
Having completed all preparations
to drive a crosscut tunnel with the
expectation that il would require
about 26OO feet to reach the vein an
other vein was discovered near the
portal of the proposed tunnel and
running in the direction it was plan
ned to go. Assays show that the vein
carries values in lead and silver and
after following it about 100 feet its
appearance is described as very fav-
orable to the development of an ore
body with depth. This vein is a re-
source that the Majestic company
had not taken into consideration. and
while it may never disclose & great
amount of ore, it at least makes the
exploration of the ground more inter
esting than it would be if running
through hard and barren quartzite.
AS described by Mr. Towles. in the
following letter. the chances appear
to be very favorable for ore before
the main vein is reached:
Find New Vein.
81 beg to advise you that since the
last letter to the stockholders, dated
May rs. 1920. the company has COM
menced to develop the property by
means of a long lower tunnel which
will give us the great depth of about
1900 feet beneath the upper workings /
and about 2OOO feet from the outcrop
on the surface. Preparations for driv /
ing the lower tunnel were commenc- |
ed about July l. 1920, after some /
slight additional development work /
was performed during the month of |
June in the upper workings. trail /
was constructed about two miles up |
Humboldt gulch from the wagon road /
to about the location of the portal of
the lower tunnel, then a good sub /
stantial cabin and woodshed was built /
near the proposed portal of the lower
tunnel, and the car, rails and other (
supplies were moved from the upper |
to the lower tunnel.
while the construction work was /
being performed indications of a |
ledge in a spring about 100 feet from /
the cabin on our property were found |
md the ledge was traced to find |
where it came in place. At this point |
samples were taken about September |
10. which assayed 2.3 ounces of silver
and O.3 per cent lead, which are the |
pest assays obtained on the property
rom the surface. Fifty feet of the
over tunnel was driven when work
vas discontinued on account of the
snow on January l. 1921, and an ad-
litional so feet has been driven this
summer since work was resumed at
he property about April 1. From the
tart the tunnel has been in the hard
st kind of Burke quartzite. The
edge is still being followed. is in the
ace of the tunnel and shows miner
LIKED quartz throughout the vein.
Must Get Depth.
when it was decided to drive the
over tunnel we had no idea that
UGH a good vein would be found so ,
DON and so near the surface, and we ,
expected to go about 1900 feet before =
the veins exposed in the ,
PIPER workings. In the short distance G
n which the lower tunnel has been
riven. it has already been demon 7
trated that there are other veins on
ur property than those exposed in a
he upper workings, and the directors T.
eel confident that if work can be 2
ontinuel in the lower tunnel the true T.
alue of our property will in rea
onably short time be proven, because
has been the experience in the L
oeur d'Alene mining district that as f
general rule the commercial ore is n
My found at depth.
Efforts have been made by some il
f the directors to dispose of suficinet b
stock to continue the work / n
nd some stock has been disposed of, a
mt it is an extremely difficult time t
} sell mining stock and it has become S
necessary to levy an as {
of 21k mills to defray the il
ecessary expenses to push this work C
head It is hoped that each stock
older will respond promptly and
ay the assessment at an early date"