| Show late developments D e in idaho SPECIAL correspondence wallace idaho may 24 there is greater activity in a mining way in the coeur calenes dA lenes than ever before and 1916 will establish a new record of production and dividends among the operating companies while there will be much greater development also than in any previous period of them the districts history according to J L martin Nl artin of u Nl idaho president of the carney copper company the workings of the carney mine from the no I 1 tunnel are under lease for two years to the butte Develop development company of butte montana H C hinze manager and in this area it is esti estimates estima mateI tedi that there are not less than tons of shipping and concentrating ore blocked 1 out said mr jmartin the terms I 1 of the lease provide that the butte company may extract all the ore from feet below the no 1 tunnel to the surface and 1 mr r hinze now has a crew extracting shipping ore and transporting it to the railway at 11 mullan on sleds for consignment to the tacoma smelter the leasing company plans to construct a small mill this summer to treat the concentrating product the part of the property not leased we are working ourselves under contract operations erat ions are being confined to the no 3 tunnel where the development planned ultimately will give us a vertical depth of I 1 feet under the ore shoot A compressor plant will be installed soon to facilitate the work it will require feet more of crosscutting to reach the ledge and about 1000 feet of drifting to get under the shoot showing in the upper workings mut we expect to encounter commercial ore when we tap the vein and as we develop it april earnings of success the april net profits of the success mining alining company which owns and operates the success zinc mine and mill in the nine mile district of the coeur calenes dA lenes were approximately and the production tonnage was up to the monthly average of 1915 according to president P J geann he states that the may earnings will be about the same and that there is every assurance of the company being able to continue monthly dividends of 3 cents the share for an indefinite period provided metal prices do not fall much below prevailing levels and that extra payments of not less than 2 cents the share quarterly will be made during the same period the mine is looking fine on the 1300 foot level where we recently broke into the ore body with a short crosscut from the main shaft said mr gearon there is nothing new to report from any other part of the property now except that the mill is operating at practically full capacity it was only last month that we got the plant hack back into maximum production after a period of curtailed output during the cold weather in addition to shaft troubles and a breakdown break down of the hoist equipment the normal production of the mine is around 1800 tons the month during 1915 we averaged 1822 tons monthly throughout the year our net earnings during the same period averaged monthly in round figures and we shall do better than that this year days control ray jefferson confirmation of the rumors circulating for months that the day interests in the coeur calenes dA lenes the dominant factors in the hercules and tamarack ouster custer mining alining companies and the northport North port smelting smelling Sm elting refining company which recently began operating its new smelter at northport North port washington have secured control of the ray jeff jefferson erson 1111 mining ning company was announced officially at the annual meeting of the latter corporation held in this city on may eugene R day managing owner of th the e hercules was elected president and harry L day former president and general manager of the federal mining company vice president they with james J 11 murphy urphy superintendent perin of the her hercules ules daniel L I 1 mcgrath c general manager of the ray jefferson company a position in which he will be continued and george K garrett all of wallace compose the directorate the retiring members of the board are D C smith and dr E G ellis missoula montana former president and secretary treasurer respectively of the ray jefferson company the financial statement shows that there is in excess of iq in the treasury to finance development and equipment of the property president day announces that the new tons daily capacity mill will be ready to operate by july the concrete foundation for the plant already is completed and the frame work of the structure now is being raised while extensive development of the mine is under way the large ore body recently exposed in the carlisle claim has been proven for feet and a raise is being run from the main level to connect with the upper wor workings Icings A raise also is being run from the no 3 to the no 2 levels on the ray jefferson claim and both workings are in ore about fifty men now are employed at the property and the force is to be increased as occasion requires notes from we the mullan district the coming season promises to record unusual activity among the mines of the mullan mulian district many of which have been dormant for several years and there is reason to believe that the next few months will witness greater development in the than ever before r 1 q l tom sullivan and william mills of r S lan an have been awarded the contract for fort the new tunnel work at the copper king kine io i pro erty work will be pushed in the D west e dd workings where the lead silver vein shows sh a width of forty five feet between two per manent fissures the drift will follow i the hanging wall and it is expected the ore body hod 8 i will be encountered within or feet fp A discovery of lead silver ore has been opened on the lucretia claim which is un der option to ingram ingalls of Ml mullan illan the property adjoins the federal companas company comp anys 88 you alike claim which vilich has been a heavy ia producer the lucretia is one of a group gronn I 1 Z of claims belonging to the elk mining corn coni 0 pany the new discovery was made in an Q p old tunnel abandoned for years and con A assists of about three feet of first class milling millina ore at a depth of about feet the prop erty also joins the south side lines of the it independence lead mines group AV H heinz of butte has inspected the s reindeer queen property in an effort to disi i cover about how much ore would be avail able for a custom mill which lie he says he in it tends to erect on the carney property on which he holds a lease the carney now 3 has one car of ore on oil the dump ready for shipment and mr heinz states he is eafus that enough ore can be produced ly by the two properties during their development to keep a small mill supplied with ore the hunter company shipped two ca cars rs of mud slimes this week which have collected in the yards during the winter in a system of small ponds constructed to catch the overflow from the settling tanks the product runs 25 per cent lead ana about 25 ounces silver per ton the ponds produced I 1 two 80 ton cars james corbett of missoula montana president and manager of the silver cable company was in mullan this weer week inspecting the mine while there he secured the services of fred merriam who will examine and report on the ore bodies exposed in the j cable mr corbett states that he has an agreement with the anaconda smelter peo I 1 pie whereby they will receive and treat cable ore under the agreement it is pos sible to ship ore running as low as 10 to j 12 per cent zinc the cable ore will aver age better than 15 per cent zinc mine run all also and possibly higher the company will hecei receive ve payment for the lead and silver values |
