Show MONTANA word has been received that the ore e in the lower tunnel of the bannock gold mining company at bannock has been encountered at a distance of feet from the portal the ore averaging about 10 per ton james F cowan of salt lake is isman manager the option of P J dwyer of missoula for the purchase pur chase of the idora has expired and the idora mining company has levied a small assessment for the further development of the property the company had plans formulated early in the year before mr dwyer secured his option and it is understood that work will commence at once the butte superior copper company has declared a regular dividend of 75 cents adding an extra 5 payable september 30 three months ago an extra of was vas paid since this company declared its initial dividend in june 1914 it has disbursed a total of 12 per share to its stockholders N bruce mckelvie is president and D C jackling managing director at the black rock property butte belonging to the butte superior company work upon the new skip landing is practically completed and work of sinking will be resumed at once the shaft is now at a depth of 1750 feet and will be continued to the 1900 level where a station will be cut and crosscutting commenced this will vill give the company feet below the old workings the leaching plant of the mining property in the eastern butte district will soon be overhauled and put into operation the changes proposed will make the plant similar to the process used at the new plant of the anaconda mining company at anaconda and will undoubtedly put the in a position for successful operation patrick clark is president of the company just as soon as the copper range company a michigan corporation has formally fori nallY taken over the holdings of the copper range consolidated at butte the payment of dividends will be resumed the company compan yearned earned during the first half of 1915 or an average of about per share scare upon the outstanding shares an indebtedness of has been paid off and hand the company has cash and copper on amounting to about about SOO men are now employed at the properties of the north butte mining alining company at butte the daily tonnage is about 1200 1 and the total copper production more than pounds per month it is expected that the production this year will exceed that of 1914 when the total was in bounri numbers copper pounds silver ounces gold 1100 ounces the new granite mountain hoist is doing good work and has enabled the north butte to make a material reduction in the cost of handling the ore the anaconda copper mining alining company is preparing to open the eastern end of its butte holdings A force of twenty men is at work on the surface at the tropic mine under foreman james Alc mcquay Quay getting the engine and ore bins in shape for the resumption of operations developments are being watched with interest as nothing is being done at adjoining properties but if results at the tropic are encouraging it is certain that the butte main alain range and cal usa leonard extension will resume and perhaps the butte london |