Show BUTTE SUPERIOR TO EXPAND butte mont may 26 the butte superior company has had a proposition made to it to take over the properties ot of the success mining company located about eight miles from wallace Wi allace idaho in the heart of the coeur dalene district these properties consist of about five claims and a good producing mine from which about 1000 tons of ore per month is taken at present it is practically a zinc mine although some lead is also realized in the recoveries an option on the property it is reported was secured by mcbarron and wall of butte who in turn made a proposition to the butte superior company the price at which the offer is made is being kept secret for the present A number of reports of the property secured from experts who have examined it were submitted with the off offer er these it is said were of such a flattering nature that president mackelvie thought it worth while to look into the property and its prospects superintendent bruce of the butte superior went to wallace and returned beturne d from there last sunday his visit he stated was not for the purpose of investigating the success properties although it is understood lie he visited the mill and mine min e while there as well as other properties in the district the success company is capitalized at the mine was started as a copper proposition just as the blackrock was later as in the case of the butte property the ore ran into zinc at first they thought there was little chance to do anything with it the ore was very hard and refractory and for a time the mine was run at a loss because of the failure of the management to know how to handle it to advantage it has a mill connected with the mine and is now reported to be making money that enables it to pay regular dividends the butte superior company on account of its great success in the zinc field and the high state of development to which it has carried the handling of zinc ores in the opinion of those familiar with the success property could do better with it than those operating the property at present and it is for this reason that Me mcbarron Barron and wall believe they can put through a deal that will be of great advantage to the big butte company superintendent bruce when questioned in regard to the report said there is too much attention paid to reports of that kind the only thing about it is that our company has been offered an option on the success mine and mill we are constantly receiving offers from owners of mining properties who want us to take over what they have of course we look up some of these and some we do not regard as worth looking up so far as the butte superior company is concerned it has taken no action in regard to the off offer er made D G C jackling and galen L stone are in butte looking over the butte superior there is nothing new to say about the property says D C jackling the mill is running at capacity and we have ample ore reserves blocked out for a long time to come asked in regard to the reported purchase of the success property in idaho mr jackling said there was nothing to say regarding that matter other than that an off offer er had been made and the property is being looked into just as many other propositions ions are boston commercial |