The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-04-19
GIANT LEDGE SHAFT
SINK TO 300 LEVEL
START WORK THIS WEEK
Chicago Capital Back of Big
Mining Enterprise on the
North Side
START WORK THIS WEEK

new organization that has taken
over the Giant Ledge property
ON the North Side "A few miles
above Murray has completed all ar
rangements and viii proceed at once
to carry out important development
plans Last Tuesday afternoon John
j. Stanford, mining engineer well
lkonwn in this city where he former
ly resided, now of Spokane, went over
to the Giant Ledge accompanied bv
Geo b. Hottenstein, of Boise, "a miner
of long and varied experience in the
mining states of the west and Mexico.
who will be in charge of operations.
The development of the property will
be under the general direction of Mr..
stanford in his capacity as consult
ing engineer for the company 1t was
upon his report that the sale of the
Giant Ledge was made to the present
owners and he will continue to give
much Of his time toward placing it
on productive basis. The contron-
ing ownership of the company is held
by group of Chicago capitalists
headed by II. E. Ball who was here a
few weeks ago TO visit the property
and confer with Mr.. Stanford
Sink 400 Feet.
In response to an inquiry regarding
development plans, Mr.. Stanford said
that he hesitated to make any defin-
lite statement in that respect except
in the most general terms. The first
thing to be done was to unwater the
mine, which would take considerable
time, as there are more than 2O00 feet
of underground workings and the flow
of water is at the maximum at this
time. The company has both water
and electric power available for
pumping. With the mine unwatered.
Mr.. Stanford said steps would be tax
en- to extend the shaft 400 feet deeper.
making its total depth 500 feet At
the same time development would be
taken up on the present 400 level, the
main feature of which would be drift
ing sOutheasterly and which he fully
expected would disclose much ore, as
it will be in a quartzite formation
with all other conditions favorable. If
this expectation proves correct, there
will be vast stopping ground above the
drift and the work will practically as
sure a large amount of ore to be tap
ped by levels from the shaft below.
These are the outstanding features of
he development plans and the pre-
LECTION is freely made that they will
esult in making a productive mine of
he Giant Ledge.
Property Well Equipped.
In spite of prolonged adverse con-
itions, the former management of
ne Giant Ledge accomplished much
evelopment work, showing up con-
iderable ore which fully iustifies the
lore pretentious plans now to be
arried out. On the 200 level there is
good showing of ore On the 400
rift was run quite long distance
to get under a shoot of
old ore which had been opened by
'rmer owners of the property. a
rift was also run in the opposite di-
sction on this level which exposed
romising shoot of lead-silver ore
nd the present management regards
lis the most favorable place to take
p the development on this level.
aving the gold for future consider
ion. In doing this large amount of
svelopment it is evident that the
rmer management regarded it econ
ny to install the best equipment and
divide the most substantial buildings
r all purposes. AS a result the new
mpany finds little lacking in this re-
'ect and can proceed with develop
ent without delay or large prelim-
airy expense. The compressor is
divided with both water and cleo
10 power pumps electric hoist,
acksmith shop machine shop, saw
i'll and all buildings are in good
ape and ready for service. The
w company is understood to be
rong financially and all conditions
EN- favorable to the success of this
terprise. which is of first import
ice to the North Side.