The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1922-01-14
f over half a million dollars.

of over half a million dollars.
Another 10000 tons is estimated
to run SIS ton, which would net
a third of a million dollars by con-
centrating.
No estimate has been made of the
underlying ore, which may run more
than the amount already in sight.
This property has for Years been
known as the Daisy mine, and is one
Of the old properties of Stevens
county. That is is destined to be
big producer goes without question,
in view of the heavy development of
ore bodies in sight.
Manager w. F.. Seelyc has been a
Colville visitor this week, and says
regarding the property:
81 bought into the Daisy mine
(now Consolidated Silver Mountain
Mines Co.. with |. N. Terry, Of
Ctica, New York, taking over the
interests of H. J. Mallon, Harry Bell
and part of l.. NJ. Flourney's inter-
est. Soon after Samuel Walker and
j. n. Nevers of Minnesota, and la
ter J. J. Brown of Spokane, became
interested. OF the eight men men,
toned, | am the only surviving mem
Der, the others having passed on
some years ago.
"My brother p. +. Seelye and my
self have always had charge Of the
property, looking after the finances
and he experimenting the work of
the mine. And up to the present
have put into the development of the
mine over $4,000 of my own money.
"The property is developed to such
an extent that we now require
concentrating plant. While we have
a large body of ore from which we
an sort out 359S or more of high
grade ore and ship at good profit,
the balance will be high grade con
centrating ore, four or five tons into
one giving a concentrate that would
run from $50 to $40 per ton. Our
nearest shipping point is Orin, about
a 14-mile haul, on two turn road.
"Colville is the logical place for
our headquarters, and there is no
reason why the merchants of Colville
should not sell this company sup
plies just as .heaply as we could
buy and shin from Spokane.
"In all these years we have never
sold a share of stock in Stevens
county, notwithstanding the fact that
this mine will be one of the county's
great assets, and n source of reve-
nue., especially to the city of COlville.
1--WE have nine claims patented, or
practically the same thing, having
proved up, paid the government fee
for the land and received the re-
ceiver's receipt, and patent should
issue any time now.
eve are capitalized for $150,000
with 100000 shares of the par val
ue of ten cents, of which 100000
shares are in the treasury.
ne tTuSLSCS lhNC iCSiuSu W Va
fer 100000 shares of the treasury
stock at ten cents per share. When
this is sold we will only be putting a
valuation on the property Of $4,000,
as we Would have but 100000
shares outstanding and any one buy
ing at this price must realize a nice
return for their investment.
1--WE will drive in under the rich
ore shoot near the shaft in the Terry
tunnel, which is about forty feet
ahead of us. We will then upraise
to the Terry tunnel, sort out the high
grade ore and ship to smelter. And
while doing that we will install our
boiler and engine, purchase small
saw mill and saw out the lumber to
build our reduction plant. By that
time we will have no trouble to sell
another 100000 shares at a much
higher price to buy the balance Of
the machinery for our reduction
plant and complete same. All Of
which we intend to accomplish this
year. We feel sure we can make
this property one of the big pro-
ducers."