The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-02-01
AMERICAN-COMMANDER
PLAN FOR DEVELOPMENT
COMPANY WILL BE FINANCED
THROUGH SALE OF THE
TREASURY STOCK.

An interesting report has just been
issued to the stockholders of the Am
erican- Commander Mining & Milling
company by Henry b. Kingsbury. the
managing director, in which the re-
suits of development work are de-
scribed and plans for future develop
ment outlined. A map showing the
various workings and brief report by
Julius =. Hall, mining engineer ac-
companies the report; also a report
| by Knute Rosdale, manager. The Am
erican- Commander joins the Hunter
on the east and north, and reference
by Mr. Kingsbury to the rich ore bod
les of the Hunter in close proximity
to the American Commander are sig
nificant of what may be expected when
the development plans of the latter
are carried out. J. A. Glove, of Null
/ Ian, is president of the American
Commander company; p. J. Gearon is
vice president, Herman Marquardt is
secretary treasurer, and j. L. McCor-
mick is assistant secretary treasurer
all of Wallace. These with II. b.
Kingsbury, of Wallace, constitute the
board of directors. Mr. Kingsbury's
report follows:
Work Accomplished.
1T is with pleasure that we submit
a report to you at this time for your
approval, covering our operations since
August Is, 1922. to the above date.
For your better understanding
complete working map, prepared by
julius p. Hall, f. NJ, accompanies this
report
Tunnel b was completed a month
ago and the vein crosscut, proving it
to be Is feet wide. Owing to the shall
low depth attained, only vein matter
was found containing low lead and sill
yer values which was all we expected
Tunnel No. 1 at 300 feet encounter
ed the vein at point under the shaft
shown on the map. This was at
depth Of Approximately 200 feet, and
at this point the vein contained six
feet wide of high grade milling ore
and about ten feet wide Of carbonate
vein matter. The vein was followed |
east in this tunnel for 200 feet with |
the face of the whole drift still in the !
vein. Crosscuts both north and south |
show the vein to be approximately 20 |
feet wide. The vein has been proven |
from the shaft 500 feet east by tun-
nels and surface trenches to No. A
tunnel opening.
THE shaft shows strong ore shoot |
of both carbonates and sulphides as
saying up to so ounces silver and 80
per cent lead per ton.
Development Plans.
Work is now going forward to ex-
tend tunnel No. ? east 300 feet. No. I
tunnel will also be extended 300 feet
further east in the spring. During
the summer crosscuts will be driven
north from both Nos 1 and tunnels
to the ore body and raise connections
made through to the surface on the /
vein. Work will probably be started
N tunnel No. by fall and a crosscut
'un north to the ore body and raise /
made through to tunnel
No 2. Your property then should be
n a position to ship ore.
Recent developments on this vein
n the adjoining Hunter mine have de-
7eloped large ore reserves near the
Commander lines. This de-
lelopment is of such Importance that
feel justified in saying that the Am
srican-Commander is assured of a
arge body of commercial lead silver
're as soon as we can get this ground
opened
Stockholders First.
AT a special stockholders meeting, !
held September 2S, 1922, the capitali-
zation of the company was increased /
from 100000 shares of 81 par value,