Show CALLAHAN ZINC LEAD TAKING OVER SUCCESS MINING COMPANY PROPERTY reports that negotiations b for control of the stock of the success mining company and the taking over of that property by the powerful callahan zinc lead company interests were well under way were current at wallace idaho a few day ago and that a deal will be consummated is considered very likely the opinion is further expressed that practically enough stock is controlled or in the hands of the officers to insure insure control provided the terms and prices to be asked are met by the callahan officials it is also understood that the officers of the success will ask that all stockholders be given the same privilege in case of a sale and that any stock offered be taken by the purchasing company at the same rate within reasonable time limits says the wallace miner liner rumors of a possible sale of the success to the callahan zinc inc lead interests have been persistent for several days following reported conferences between officials of the two corporations the two mines are in the same locality and have aye many interests in common in their development and ship chipping ping i program recent ore disclosures in the ille success hav ave e focused the attention of mining az men on that property for or several weeks past and have e engaged n b a ed the consideration ii of 01 the larger operators now in the fie field ld alo to acquire additional properties ties borg watches development john borg ay president of the callahan zinc lead corporation borati po ration oil has been in the district the past month and is still in n the west where lie he will remain for several weeks he is reported ported to be awaiting further negotiations with success officials before returning to new york to present the en ged program of his company officially to the directors valter ter harvey weed noted engineer and geologist is in the district for ia the callahan interests and will p probably probably be called c of the success upon soon to make an investigation tor lor his h company y although it is stat stated edthe the well known con bitin ton of tile the mine and reports available from local engineers have hav satisfied the C callahan officers that the mine would prove a valuable acquisition to its present h holdings 0 the discovery ery and development of new ore bodies in the the success cess mine ne during the past few months has proved sensation bation sa tion of the year in in mining circles of the northwest while ollile it was known the mine still contained considerable ore reserves on the 1400 and 1600 levels the unfavorable market conditions of four years ago coupled with high operating 6 costs caused a suspension us pension of operations and the stock of the company dropped to practically nothing with no bidders then followed a systematic development pro program b ram on the level by manager A G kennedy which disclosed ore bodies of great strength to the west of the shaft in virgin ground and having no connection with the ore bodies already mined on the east side of the shaft from a small stringer near the station a drift on ore soan disclosed commercial bodies of lead zinc silver for feet in length and from 7 to 8 feet in width ore found on lower level continuous shipments have been made from the ore thus developed while later operations uncovered the same ore body on the foot level adding immense reserves to the developed ore work on the 1000 foot level was started some days ago t and within a few feet of where former operations ceased the ore was encountered which at the present time shows a width of 10 feet development of this level will be undertaken as soon as the new pump and motor can be installed watering unwavering Un the shaft to the deeper levels of the mine will also be undertaken as soon as new pumps are available when this is accomplished the mine will be in condition for movement of a large tonnage to the smelters shelters sm elters and can be counted on for continuous production as the new ore bodies are now exposed on four levels at the present time the mine and mill employs an average of men the mill operating on two shifts the new pump and motor to handle the water at the 1000 foot level is expected to arrive daily and will be installed at once with this in place further development of the ore on this level will be carried out the new pump is designed to throw gallons of water per minute and will be used to free the mine from water to the 1600 foot level movement of tons of zinc ore stacked at the mine from former operations is going ahead rapidly 15 cars going coin to the anaconda company during the month |