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Show I WONDERFUL PROGRESS ay PITTSWHSHO Greal Tunnel to Save Production Produc-tion and Transportation Cost Almost Completed. . NOW PAYING DIVIDENDS Increase of Returns to Stockholders Stock-holders Will Come With Opening' in February. Having a property wlilcli includes flvo full claims, and all patented, the -Pittsburgh-Idaho company Ih operating ono of the most successful mines ni tlic state of Idaho. A , . ,.,, A The properly Is located Jit ullmorc, LemLI county, and haH been oil the ac-Me ac-Me list for eighteen years. Tjo lo to carc ago the comuauy watt S rti haul Its ore a distance of clghty-flvc mll-s to the tomi of Dubois. Now. however, how-ever, the camp haw a railroad connection connec-tion In the Gllmorc-Plttsburgh ruilwaj. Kor a Ions time the product or the mine xvar. small, owing to Its remoteness remote-ness and the lone distance haulage required. re-quired. During Ms enrcer J t Hum produced pro-duced 70.000 tons of ore. oQ.MO tons of which was brought out within the pa-t two voare, The average vwlue of tula product J? 60 cents In sold. o ounces ol rllver and 35 per cent lead. Development Develop-ment work has been prosecuted lo a depth of 600 feet- and the veins from v.bleh the ore Is taken are from tjjo to twelve feet wide. The mine ib distinguished distin-guished In the fact that all the contents of the vein are of first-class cnaracter and so clenn that every pound is shipped. Throughout nc entire extent of the development de-velopment channcbi the veins are exposed ex-posed in continuous form. With the exception of what oro iian b"n necessarily taken out in developing develop-ing the extent of the bodies, the product Ua come from the workings below the ."00 level. FIv fissure veins' have been developed, nil of which are- pood producers. pro-ducers. The latest of these fissure veins has just recently been encountered and has not been developed except merely in Itiie cutting. ., llailng joined with the Gllmorc Mln-t: Mln-t: companv In the driving ol a tunnel between the two properties, the PKt?; nurch-Idaho company is now within ..n0 feet of completion of this great oore, which will have a length of 1000 feet. Thin tunnel will lessen the cost of taking out the ore from the Pittsburgh-Idaho company's property and do away with one and a, niiarter miles of wagon haul now necessary to take the mine's product j from Its outlet to the railroad. During the past two years, or since the advent of the railroad, the Pilts-burcl Pilts-burcl -Idaho company lias paid quarterly chldoids of I cents on each share or stock, and at the some lime has done development vorlc as to lmvr. blcikd out ore resources to an extent f4Kt insures even better returns for the ear lPlo The visible ore rescn'o has been kept up to at least 20.000 tons, and the average dallv shipment Is ninety on?, all of which goes to the United Slates Smelting & Refining company. m. m. Johnson, consulting engineer. .H xaya that the work of piercing ground 1 Jointly by the Pittsburgh -Idaho and the IOilmore mining properties Is going- on at a rapid rate, and that the first part of February will see Its completion, 'lore being now hut 1150 feet between i"nf ucarinpr tcnnel fncea One end of j the tunnel was begun on the fourth level I r the Pittsburgh -Idaho mala shaft and the other was commenced at the surface. sur-face. It is said by the management that! this has heen one of the most important pieces of work accomplished nt the mine. It will not only be tho means of saving from $1 to J1.25 a ton in the com i of extraction and transportation of ore. but the bore will prove to he a great means of exploration and development of the ore bodies. Tho fifth flssuro having already been exposed. It is altogether probable that still another may bo brought to sight in the remaining: work to bo done. The main fissure has been opened up on four levels In the Pittsburgh-Idaho property, down to a depth of liOO feet. This main fissure has not only produced ; ore of such value as to render the company com-pany capable of paying regular quarterly dividends, but it has brought in sufficient suffi-cient added revenue to pay for tho vast amount of new work that has heen prosecuted to give to the entire property a. permanent value. The new long tunnel tun-nel that Is being driven out to tho Gil-more Gil-more Mining company's ground has cost "a pretty penny," hut tho mino product has naid for it and will give still greater profit when the bore shall be completed. com-pleted. In view of the fact that with the ad- i vent of February the tunnel will be finished, taking off this added expense Jn the outlay, and I hat the cost of ore extraction and transportation will be materially lessened thereby, the mine is bound to come into the list of big and permanent dividend payers. Directors of the Pittsburgh-Idaho company com-pany are A. S. ltoss. W. A. McCulcheon. ir. S. Knight, E. C. Ross and O. W. Kcnnclly, with M. M. Johnson as consulting con-sulting engineer. |