The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-10-25

tinues to occupy the center o.
the mining stage. The crOsscu'
has been advanced into the veiT
total distance of about eight feet
and yesterday afternoon there was nc
indication of the hanging wall. Since
passing through the high grade shoot
of ore as described in the Miner las;
week, the crosscut has been in quart
ute vein material, much of it heavily
stained with iron, and containing num-
erous small stringers of galena. In
fact, much of this would probably be
classed as a fair grade of milling ore.
The stringers appear to be running
generally with the crOsscut, which
with the favorable vein filling would
indicate that another shoot of ore may
be found along the hanging wall. The
crosscut will be continued until the
width of the vein has been deter
mined, when drifting will be taken Zip
on the ore The strike was made at
a depth of probably not more than
$50 feet from the surface, but the
drift on the ore will gain depth quite
idUlQiN anu al COiNibAOio taAt
able to the development of a large
body of ore.
Getting Ready for Shipments.
Under the direction of Charles Half,
much has been accomplished in the
way of getting the property in shape
for development A building to pro-
vide blacksmith shop and dry room
has been completed and is in use.
Installation of ventilating pipe was
was nearing completion yesterday
afternoon The blower and electric
motor to drive it are in position and
awaiting connection with the power
line of the Washington Water Power
company, which is expected to be
made today or tomorrow. With this
accomplished it will be possible to
work two shifts, and this is the pur-
pose of the management Two hand
jigs are being installed on a platform
a short distance below the top of the
dump Just above which a grizzly has
been placed, over which the coarse
high grade ore passes to a bin While
the fine ore passes through 70 the
platform to be hand jigged.. At an
elevation above the jigs tank mas
been constructed to store water for
the jigs. the water being piped from
the tunnel. Altogether everything APP
pears to be progressing very salts
factorilv at the McPhillips. and all
opinions, expert and otherwise, seem
to agree that the outlook is decidedly
favorable for its development into
mine.
Option Holders Take Profit.
Stratton & Stratton, who promoted
the McPhillips enterprise under their
novel option plan, are selling no more
options, having sold enough to meet
the first payment on their bond and
to provide for carrying on the develop
ment of the property The large sale
OF options, however, and the rapid ad-
vance in price presented an unusual
opportunity for speculation. Many OF
those who bought at $40 preferred to
make a quick profit rather than await
further development and the chance
for larger returns. with the result that
brokers have been doing good busi-
ness in Stratton options. Yesterday
they were offering $50, but so far as
can be learned the rush is over and
few are now changing hands.
Homestake Promotion.
The development of the Homestake
by Stratton & Stratton, under sub
stantially the same plan of promotion
that proved so successful at the Nc
Phillips, is progressing very satisfac-
torily. and another strike is possible
that may rival the McPhiliips' A
crosscut is being run to inter-
sect the Homestake vein, Which
is understood to be the eastern
extension of he Hunter. The
present contract is FOR 100 feet and
it is expected that the vein will be
reached before the contract is COM
pleted. Stratton & Stratton report
gratifying success in financing the
Homestake, every mail bringing IN
subscriptions for options.