OCR Text |
Show IWisWiHT OF" MUNCYGREEK CO. Well Known Mining Engineer Engi-neer Takes Charge of Operations. Harry Ij, Parker, well known mining engineer and geologist, with years of experience ex-perience in various mining districts, has beon made general manager of the properties prop-erties of the Muncy Creek Mining company. com-pany. The action was taken at a special spe-cial meeting- of the board of directors, attended by a majority of the heavy stockholders of Salt Eake, also by Ij. J. Willis of Cowley. Wyo., and George S. Crosby of Fillings, Mont., both directors and heavy shareholders. Some other minor reorcnmzatlon was effected. Mr. Parker was tendered the position po-sition tis manager and accepted it. He and Director Willis will leave today for the property to arrange, for operations during the winter on a larger scale than tiiev have heretofore been conducted. At the' general offices of tho company the, announcement was made yesterday that the organization was completely financed and there would be no delay In work either now or in the future by reason of any lack of funds. A few weeks ago, at the request of the directors. Mr. Parker made an exhaustive examination of the Muncy Creek company's com-pany's holdings and submitted a rather comprehensive rport, from which the following fol-lowing excerpts are taken: "This property consists of twenty-two claims situated in tho Silver Mountain Mining district, at Aurum, White Pine county. New The nearest loading point is Cherry Creek, New. on the Nevada Northern railroad. A good wagon road thirty-one miles long connects railroad and mine. Hauling can be continued throughout through-out tho entire year. "Tho general formation of this property prop-erty is sedimentary, limestone and quart-zite. quart-zite. with an intrusion of porphyry classed as dacite and andicite or monzonlte, the porphyries being of a later date. All ore found up to the present occurs on the contact between limestone and porphyry, por-phyry, the ore being a replacement of the lime. This contact is traceable from the grand deposit to and through the Kansas, a distance of about one mile. The contact is cut at intervals by strong fissures which aro responsible for the deposition of the ore in the beds and on the contact. The andesite or monzonlte monzo-nlte porphyry forms the hanging wall of the contact and is from 100 to 300 feet in width, and is more or less oxidized, assays as-says taken on the surface at various places giving results of U per cent to 3 per cent copper. The monzonite has the appearance of being a large low grade deposit at wnter level; sulphides should replace the oxidized ores and make a large concentrating proposition. From a ; geological standpoint I consider the formation for-mation ideal for large deposits and making mak-ing of ore at depth. "The property is equipped with sufficient suffi-cient mine tools to start work. Three two-ton two-ton trucks for transportation, a twenty-five twenty-five horsepower Western gasoline hoist good for 100 tons per day; office, blacksmith black-smith shop, bunk house, cook house, storehouse store-house and magazine. The main workings on the property are on the Grand deposit, which consists of a COO-foot shaft with laterals at fifty-nine fifty-nine feet, ninety-one fet and 145 feet. "All ores are in the oxidized zone. The ores consist of silver, lead and copper in a contact deposit strike northeast and southwest. This contact is cut by a very strong fissure with a strike northwest and southeast. The conta'ct ore is de-'. de-'. velopcd to a depth of 200 feet on a thirty 1 decree dip to the south and east, seventy ! feet on the strike, with both faces- of ! east and west drift in ore, limits of ore on strike unknown; width of ore thirty-seen thirty-seen feet. This gives FilS.000 cubic feet, or 4-T.OOO tons of ere, taking the lowest assays for the minimum value four ounces silver, 10 per cent lead and 5 per cent copper, ac- ; cording to smelter contract now being ; drawn up. The present price of metals , gives this class of ore the gross value of ; 530 per ton. The gross , value of $30 per ton for 43.000 tons gives a gross value of ore blocked out of $1,230,000. This claps of ore can be mined, hauled and treated for not to exceed $22 per ton, leaving leav-ing a net profit of $8 per ton." |