Show IDAHO after a search efte extending anding over two years high grade gra lead zinc and silver ore has been struck in the star mi nine if ra tunnel the star mine is owned by the hecla mining toni coin pany and the bunker hill sullivan the vein is is being being de at opened at a depth of to feet below its apex de since the reorganization of the nabob silver lead d i company in june 1923 its indebtedness has been reduce i by according to reports recently issued to the stockholders this indebtedness w makes the current the the Is as compared with before the reorganization pi property is in the coeur dalene district or fo the gross income of the hecla mining a C the last three months ended on september 30 was 37 at operating expenses were accrued taxes net t I and the estimated depreciation leaving a of dividend sequill at profit or more than ments at a quarter A dividend of a share will be paid december 15 with this dividend the hecla will pass the mark in its disbursement of profits the forthcoming payment will increase the total for the year to and the grand total to an undivided two thirds interest in the silver pot group of three claims in the big creek district of the coeur dalene region has been sold by sam ferguson of kellogg to matt baumgartner of spokane according to reports from kellogg the property lies near the holdings of the sterling silver company undergoing development by the bunker hill sullivan mining 6 and concentration concentrating ratin 9 company the mill of the constitution mining company on pine creek in the coeur calenes dA lenes is producing twenty tons of zinc concentrates each 24 hours according ton an official the zinc concentrates contain not a little lead for which payment is received the last two carloads of zinc on which returns have been received had a net value of 1300 to the carload in addition a ton of lead concentrates are produced daily H P hunter and james jaines beverland left the first of the week with a winters supply of grub and tools and will spend the winter developing the lead silver claims they own on the south side of copper basin with the price of lead so high the gentlemen are convinced that the values in silver and lead that they will mine during the winter will net them a handsome profit when marketed in the spring mackay miner operation of the new mill of the wilbert mining company in butte county forty miles from arco is giving grating gratifying results according to secretary treasurer james A foley about thirty tons of ore are being treated daily production of concentrates will average about tons a month of material having a value ranging from 75 to 80 a ton ore reserves to keep the mill operating steadily for a period of approximately nine months have been blocked out the ore body being followed by the hewer mining company in its property near lakeview Lake view on pen d oreille ike lake is nine feet wide at the face according to late reports the body has a quartzite gangue the drift is encountering conditions conditions typical of the coeur dalene region and the ga lena na and silver contents are increasing according to R H ewer superintendent the vein has been followed by drift t for 1060 feet of which feet was in ore dan M drumheller rum heller of spokane is president the development of a ledge regarded as th the mother ode lode of the district is the purpose of the idaho star ming mining milling ing company incorporated under the laws of idaho for operations in shoshone county near adair on oil the chicago milwaukee st paul railway the members of the board are e rans hans petersen president peter vice dent ent R T lawrence secretary treasurer alfred sylvaner der and thomas petersen and are miners iners and all are residents of spokane but who lilles s in in kellogg the three inches of high grade lead ore has been struck by pi ne new neav will tunnel lel being driven on th the liberal eLiberal king group on oil ne creek and adjoining the lookout mountain mine ac cording euln to reports from kellogg the body was was reached by crosscut zt crosscut that has been driven feet it has penetrated lead 1 eveln in for r ten feet and not reached the hanging side the t a lies lles on the the remainder of the body contains ms copper carbonate carrying not a little copper tile the v tunnel funnel is feet lower than the upper which was run on the ledge for 1000 feet and disclosed considerable copper and some galena the liberal king was among the first properties for which stakes were driven on pine creek the owners include michael cheyne william and henry lamb of kellogg in the last year an option for is reported to have been declined and several years ago one for the idaho gold and ruby mining company at leonia which recently went into the hands of a receiver is to be sold together with all machinery equipment and claims at public auction december 6 F A shultis receiver has announced noun ced the minimum bid which will be received for the property will be he says of which must be cash the balance within thirty days after the confirmation of the sale by the courts A large group of stockholders in the corporation are planning a reorganization of the company and are said to be forming a pool with which to bid in the property at the receivers sale the directors of the giant ledge syndicate will sink another feet to get under ore bodies in sight on the foot level of its mine near murray the erection of a mill to follow the development of ore on the foot level is proposed sinking will be done under contract the secretary having been empowered to advertise for bids as soon as possible the necessary feet of lagging is now being sawed out the new board of directors consists of george M saad J H felton of troy claus brickner Eri ckner G F walker of kendrick J F woody juliaetta C W sanderson bovill and D S prescott and L 0 of spokane the office of the company is at troy |