Show SALE OF THE BANNACK george T hansen of salt lake local manager of allis chalmers company with his associates has purchased the entire holdings of john IF cowan and associates in the bannock gold mining company owning valuable holdings at bannack montana the bannack is an producer that has been developed by feet of workings in which there are between and lineal feet of ore faces while on the dump there are stored between and tons of 10 ore at the present time the new borkine tunnel is being run for the contact this is now in a distance of over feet and it should reach its objective point at about feet which will give over feet of backs this tunnel cuts the lowest portion of the old workings and will give an outlet 1 horizontally to the milling plant and at the same time provide excellent ventilation vent lla f the bannack in the past has produced over in high grade ore and nothing going under 25 to the ton has been marketed the new mill now in course of construe i tion will be an all slime cyanide plant using the dorr continuous decantation process the plant will have a daily capacity of tons water power will be used in the operation of the mill while a diesel oil engine will be installed as an auxiliary unit it is estimated that over tons of or 10 ore are in sight in the mine workings ready for extraction and the mill the stock of the company of late has been strong on the board of the salt lake stock exchange and has been a good trader mr hansen has been appointed managing director of the company and will push work in its development and operation |