The Western news., 1940-01-25
Looks For
Profitable
Production
Consulting Engineer Sayy
Prospects at Glacier Mine
Are Promising.
REPORTS ON WORK
DONE, FUTURE PLANS

Prospects are very ENCOURAGING
for the Glacier Silver Lead Mining
Company, according to report sub
mitted to the board OF directors by
Charles II. Goodsell, the company's
consulting engineer.
The company has recently an
share assessment, in order to finish
the work of putting the mine
into production. Extensive develop
ment work has been carried on at
the mine for the past two or three
years. This has now about reached
the stage where production will be
started.
The directors have mailed out a
copy of Mr.. Goodselps letter to all
stockholders 1t is as follows, un-
der date of January Is, 1910:
Affairs at the mine are progress
ing with gratifying results, the only
disturbing factor being that the de-
velopment program is not keeping
pace with the power installation and
milling preparation, SO that it will
be necessary to put on more men
underground to bring the mine to
adequate production in March.
Describes Works In Mine
Chute lips are now being COM
pleted along the intermediate level
between No. and No. 3 adits, and
shrinkage slopes are being rapidly
opened up along the intermediate
line, which when finished should
supply us with 10000 tons OF orc
as a starter. A crosscut 40 feet in
length will be started in the next
few days to open the ore shoot lis
feet below the intermediate level,
which should block out another
10000 tons OF mill feed, together
with other ores, estimate to be
l50,00 tons of probable ore in sight
at this time.
Since my last letter we have
solved the power problem, made
adequate provision tor transpeutnr
ftisn, aR6 husn prepef1ti0a III ~
mine have 5000 tons OF broken orr
on the stock pile and in the Slopes.
Mr.. J. L. Kelley, the superintend-
ent, has recently made Mr.. Dan Cole
underground foreman. Mr.. Cole is
young man OF excellent character,
80 years old, with 10 years OF min
ing experience, and is speeding the
underground preparation as fast as
our limited crew will permit.
As you know, we have been grad
ually bringing our mining equip
ment to par, but we will still need
three new automatic stopping drills
with complement of air and water
hose, pressure tanks, together with
four tons of drill steel, a carload
Of diesel oil, rails, pipe and miscel-
laneous small tools, 10 tons of balls
for the ball mill, etc
Must Rehabilitate Buildings
It will be necessary to rehabilitate
the boarding and bunk houses to
adequately provide for the increased
employees. Ample funds must be
provided to take care of these neces-
sary expenditures. We must have
funds to tide us over the period
when we start operations and when
smelter checks start coming in.
| notice that many of our stock
holders are SO unfamiliar with or
dinary mining practice as to think
the minute ore is encountered that
Immediately the mill will start and
the money will at once be available
for all needs. We have been con-
stantly preparing the mine for pro-
duction for the last seven months,
and only by hard work and in
creased man power will be be able
to start production in March.
AS we are now out of debt, ex-
cept for some current bills, and
$4,000 of other current term obh-
cations, consider the company in
excellent position to maintain
long period of uninterrupted profit
able production.
Very truly yours,