Show IDAHO the ei eighth ath carload of ore is being loaded by the stratton mines company the ore of previous shipments avers averaged ge 40 to 50 per cent lead and 30 ounces of silver to the ton or 0 about 2500 net to the carload the big six lease on the frenchie group of claims on the ketchum summit is to work six men on the property in the near future and expect to be shipping ore by the first of july the frenchie group of claims offers a fine possibility of good prof profits ilg for the operations of the big six lease it is a silver lead property from which much may be expected in the very near future mackay miner in announcing the annual meeting of stockholders of the independence lead mines ltd at mullan on july ath president henry kingsbury tells of a drift easterly on th the foot level of the mine having encountered the downward i ex tension of the western end of the east ore body where a good showing of fine mill ore was tapped the opening up of ore at this point is counted as most important its reported that the federal mining and smelting smelling Sm elting company is to close down operations in the tbt minnie moore near hailey this is taken to mean that the report recently made by geologist was unfavorable the company in the past year has installed new machinery and equipment the three compartment shaft was sunk to the foot level and the old mine the estimated cost of this work is operations have been resumed by the montana idaho copper company after suspension of several months durin during 6 which the property was made an ail idaho corporation and assessable according to reports the work will be in pursuance of the hershey theory that the shoot rakes to the west it was started at a point at the 1800 foot depth ft west of the monitor shaft where the vein was picked up beyond the fault on the day of the suspension the work is proceeding on a one shift basis but will be increased to two shifts in the near future the success mine has been to a point f fifty ft y feet below the 1400 foot level according C to reports at hand high grade lead ore in a body three to four feet wide was disclosed on this level before the suspension several years ago watering unwavering Un will be continued to the 1600 foot level the deepest in the mine before work is started on the 1400 two carloads of ore one of 50 tons were shipped recently shipments are being made at the rate of about a carload daily operation of the concentrator is proceeding steadily the property is near wallace in the coeur d alene district the red bird mine near clayton on salmon river has again responded to a limited amount of intelli intelligent ent development as it has repeatedly done during the past past forty years the property is now under a three year lease and option to purchase owned by robert N bell former state mine inspector mr bell is operating the mine with two subleases sub leases that are employing a total force of twelve men the production now and for several months past is f from rom a block of ground above the foot level of the mine in sublease no 7 under the management of and boge two experienced leasers leaders lea sers who operated the doughboy at mackay last year the sum of was disbursed recently by the hecla mining company to residents of spokane the coeur d alene region and elsewhere this was dividend no a quarterly disbursement made at the rate of 25 cents a share and increases the grand total of disbursements to the stock was quoted on the spokane stock exchange recently at bid and asked as compared with a low of late in 1918 A report which accompanied the checks showed a gross income of in the first quarter of 1924 the operating expenses were the taxes accrued and the estimated depreciation in the same period leaving a net profit of or above dividend requirements A gold bearing ledge discovered in placer mining operations eions by the yukon gold company is undergoing development by the murray gold syndicate near murray in the coeur 4 alene region according to reports two years ago th the esteel steel baskets raised quartz that gleamed wilh gold the ground is held under patent as placer by its owner the coeur d alene placer company covered it with quartz claims as a legal safeguard organized to develop the property the murray gold syndicate has sunk feet and is crosscutting cross cutting for the vein in in the belief that a rich body will be struck the property of the coeur d alene placer company includes placers that lie along pritchard creek for twelve miles and is under lease to the yukon gold company according to the wallace miner the argentine mining company met its option on the property about two miles west of wallace on the south side of the river the property has some very rich ore that comes in seams and bunches in a vein three to four feet wide the ore is gray copper A small force has been working for some time this property was taken over on a bond f from rom rush J white about a year ago the payment this week was made to mr white who holds the property under bond from the estates of john A finch and mace campbell and other owners the group of men odthe of the coeur calenes dA lenes and spokane who took it over have more recently incorporated into the present company since they have held it they have done much work and have plans now for more extensive development |