Show IDAHO the discovery of a strong vein of lead silver ore on the surface near beeler is reported by william roach an experienced prospector it is on ground that has been walked over by mining men for the past twenty years it is stated that the ore carries 50 per cent lead and 8 ounces silver to tile the ton it is announced that tile the nine mile mining alining company owning property about three miles from wallace will resume operations in the immediate future tile the company opened a showing of galena ore several years ago but work lias has been suspended for a long time the present development will be done upon surface deposits judge W VV woods A G kerns john W flink and others of wallace are interested the report of james F mccarthy general manager for the hecla mining company operating at burke shows that the company established new records for production and net profits during march production reached tons of crude ore and concentrates and net earnings were around the company is paying dividends of monthly and has a total dividend disbursement record of the report of P J gearon president of the success mining company wallace shows that the property earned net during 1915 dividend disbursements amounted to and the surplus at the end of the year was the company inaugurated the year with a deficit of carried over from 1914 and this was liquidated during the year development work for the year amounted to about 1600 feet A recent special meeting of directors of the park mining company owning ground about four miles south of mullan elected thomas brennan president and manager for the company to fill the vacancy caused by the death of T N barnard the question of resuming operations on the comp companas comp anys property was discussed and it is probable that this will be done A good grade of copper ore was opened by the early work on the ground and shipments are expected to be made from this showing the vein on the alcides formerly the cooney group near burke has been cut by the long crosscut tunnel showing a well defined fissure from eight to ten inches wide with particles of galena scattered through the vein matter manager ed ehrenberg states that the vein was reached sooner than expected and tor for that reason he is prospecting for a distance of feet both north and south before proceeding to drift on the new showing the point of intersection ter section is about feet west of the big iron capping showing on the surface |