The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-03-02
REX COMPANY ABSORBS
RED MONARCH GROUP
CONNECT LONG TUNNEL WITH
REX SHAFT-oPERATING
PLANS OF COMPANY.

PLANS OF COMPANY.
After prolonged negotiations an
nouncement is made that an agree
ment has been reached between the
Rex Consolidated Mining company and
the Red Monarch Consolidated Mining
company through which the entire
holdings of the last named company
have been taken over by the Rex in
exchange for stock in the Rex com
pany. The Red Monarch company
owns 80 CLAIMS covering the ridge be-
tween DObson and Missoula gulches.
extending to the summit between Nine
Mile and Beaver creek The opera
ting plant is situated in Missoula
gulch, about a mile and a half from
the railroad at Carbonite. large
working tunnel has been run by the
Red Monarch company from Missoula
gulch almost due south 400 feet. the
purpose being to crosscut a series of
veins that cross the companys hold
ings. Three veins were cut, the first
one 2900 feet from the portal and the
only one that showed ore. although the
other two are strong and well defined
fissures and justify exploration from
the crosscut On the first vein a drift
was run several hundred feet. showing
more Or less ore, but not sufficient to
give it commercial value Near the
crOsscut where the showing of ore was
best a raise was made about rs feet
near the top of which the ore widened
to two or three feet of lead silver with
some zinc. This ore appeared to be
sort of kidney and practically all of il !
was removed This was on the east
side of the crosscut On the west side
little drifting was also done which
also disclosed considerable ore On the |
other two veins nothing has been done |
toward exploring them.
Great Value to Rex.
Although the large holdings of the |
Red Monarch possess great prospect |
i've value it was not this that caused |
the Rex company to secure the prop |
erty 1t was the long Red Monarch !
tunnel, the face of which is less than |
2OOO feet from point beneath the
Rex shaft, that was sought as a per-
manent outlet for the Rex mine. The |
Rex mine is situated on the east fork /
of Nine Mile and is operated through |
a shaft 700 feet deep. The mill, stu
ated at Sunset station on the Nine
half from the mine, with which it is
connected by cable tramway. To re-
store the mine to Production requires
the opening of new ground by extend
ing the shaft several hundred feet fur
Their an expensive undertaking and
which when carried out would increase
the expense of pumping, hosting and
other operating costs. The company
while doing much important develop
ment work during the past few years
has evidently not felt justified in I'M
1ertaking this expensive plan of de-
but has directed its efforts
to securing the use of the Red Mon
arch tunnel, which has now been ac-
Advantages of the Deal.
1t is the purpose of the Rex com
oany. now that the Red Monarch tun-
lei has finally been secured. to extend
t to a point beneath the bottom of the
rex shaft and then raise to a connec-
ion with it, a distance of 400 feet
hus making accessible a large block :
II UNEMPLOYED ground which promises
o be more productive than the upper
workings Of the Rex. This connection
viii give a direct outlet through the
Red Monarch tunnel to Missoula gulch
tributary of Beaver creek. and about ,
mile and a half from the Beaver ,
reek railroad. It will also provide
perfect ventilation for the mine and
Eliminate all expense of pumping. In
edition to the new ground to be de
-eloped in the Rex. the company has
n important asset In the Okanogan
-ein, which has been crosscut from the
Tex workings and proved to contain
much commercial ore Eventually it
ldA We dSShlllth tiidt llt iNtA tOllpdA9
will do much exploratory work in the
Red Monarch ground. and it is alto
-ether probable that important dis q
overies may be made. for the large !
creage covers a mineral section of ;
wonderful possibilities. In taking over
he Red Monarch the Rex company is
n position to carry out plans that will
lot only operate TO its own advantage 7
mt also to the advantage of the dis +
riot +
Company Financed. r
L. F. Whicher. a wealthy New York t
r. who has large mining interests is C
resident of the Rex company. and p
raymond Guyer, of Spokane. is vice t
resident and manager. Mr.. Whicher s
as always had an abiding faith in 7
tex and it is announced that he has "
1ade ample financial arrangements to a