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Wallace Miner in Wallace, Idaho

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Newspaper

Wallace Miner

Location

Wallace, Idaho, United States of America

Date

Jan 11, 1923

Page

1

Idaho Mineral Output in 1922 Rises by Over 3 Million

Idaho's total mineral value in 1922 exceeded 18.9 million dollars, up more than 3 million from 1921, driven by higher metal prices rather than output gains. Shoshone County supplied most production, with copper as the sole major exception, while gold silver lead zinc and copper saw mixed changes across districts.

Idaho United States Geological Survey Shoshone County Boundary Bonner Blaine Custer Lemhi C. N. Gerry Hercules Tamaack & Custer Callahan Gold Hill & Town Quartzburg Yukon Gold Company Murray Idaho Metals Mackay Talache Bonner County Independence Blaine County South Park Featherville Elmore County Idaho Gold & Truby Company Boundary County

Silver Mountain Mining Plans Financing Amid Stockholder Notice

Silver Mountain Mining reports development progress and costs since the last assessment. The Potlatch Idaho headquarters announces a two mill per share assessment to fund an engineer’s report on the property. The mine lies on the south side of the South Forks between Wallace and Mullan with substantial development recently.

Eers Iver Mountain Mining Company Phil Tice Gustarlson W. E. Horstkotte Potlatch Idaho Silver Mountain South Forks Wallace and Mullan

Elk mining prospects favorable for ore in Elk group

C A Fay reports from the Elk group near the Morning mine notes three claims, ledges rich in lead and copper, with a major vein exposed in the Lucretia tunnel. The report details faults, gouge zones, and exploration plans including the 270 foot lower Elk tunnel and potential crosscuts to deepen ore potential.

Elk Mining Company John F. Carson Mullan C. A. Fay The Elk Company Cport Fay Elk Group Independence Federal Minilog & Smelting Company Lucretia Elk Tujoretia Encretia

Callahan Zinc Lead advance and new timber hoist model

The Callahan Zinc Lead company reports December output near full capacity with 1170 tons of lead ore and concentrates at 60 percent lead and 20 ounces of silver and 1700 tons of zinc at 61 percent. Walter Weed completed a report outlining development plans to boost ore reserves while No. 6 tunnel extends toward a gray copper vein intersection. Coeur d Alene Hardware & Foundry released an electrically driven timber hoist for five to 20 horsepower use, praised for compact design and safety features.

Bunker Hill & Sullivan Kellogg Hecla Burke Federal Mining & Smelting Company Herculea Gold Hunter Tamarack & Custer Talache Boundary County Independence Blaine County Ramshorn Custer County Coeur d'Alene Callahan Zinc-Lead Company American Smelting & Refiuing Company Grassells Chemical Company Walter Harvey Weed Callahan No. 6 Coeur d'Alene Mardware & Foundry Company Williams & Richardson Tamarack & Custer Consolidated Mining Company Coeur d'Alene Hardware & Foundry Company

Independence Soon 10 Raise From No 2 Tunnel

Development of the Independence mine will begin in No 4 tunnel with a 400 foot vertical raise to connect No 3 level. H B Kingsbury and W E Cullen announce plans to crosscut from No 4 to ore beneath No 4, with a two compartment raise and a station mid raise. Ore may be encountered before reaching No 3 level.

Independence No. 4 No. 3 H. B. Kingsbury Independence Lead Mines Spokane Wallace W. E. Cullen Kingsbury Independence Company Abey‘ance

Pittman Act Silver Purchases Reach 150 Million Ounces

The Bureau of the Mint bought 1,840,000 ounces of silver during the week ended December 30, 1922. This raises the total Pittman act purchases to 150,760,212 ounces.

Bureau of the Mint

County Commissioners Make Appointments In New Administration

The county board organized with James H. Taylor as chairman and has met daily since taking office. They reappointed Leroy Massey as superintendent, Dr J K Bean health officer, several road supervisors, and added John D Haight in North Fork. Pay scales set and bids invited for printing, advertising, and pauper burial. many deputy appointments announced and reappointments confirmed.

Board of Commissioners James H. Taylor Leroy Massey J. KR. Bean David Sellers Murray W. P. Swinerton Kellogg Gus C.ellars Wallace John H. Foss Mullan North Fork John D. Haight Ben Carrigan Harry A. Rogers R. L. Brainard James Munson A. H. Fox Paul White R. E. Weniger Dennis Goggin John C. Glade H. D. McMullan Burke al Chapman Kelloge Chas. J

Climax Mining reports encouraging ore indications near Wallace

H V Edwards manager of the Climax Mining Company expresses strong confidence in finding a lead-silver ore body as the drift extends east on Revenue gulch near Wallace. Assays show low silver values with galena observed on the west crosscut while the drift deepens with favorable indications. The Climax vein ties to Western Union. proximity suggests an extended vein.

Wallace St. Regis Revett Etk Lucretia Gettysburg Elk Ground H. V. Edwards Climax Mining Company Edwards Revenue Gulch Western Union

North Bunker Hill shows best ore showing to date

North Bunker Hill mine reports a 16 foot mineralized vein with silver and lead values at 160 feet depth. Engineer Julius Hall notes the vein’s strike and dip as work proceeds toward the 500 foot level while planning extensions to intermediate and 600 foot levels. Richard Neimier says Silver Dale mine reopens after water shortage with a 160 foot main tunnel and expected lead strike within 100 feet.

Wardner-Kellogg News North Bunker Hall Caledonia Julius P Hall Rossout Silver Dale Big Hill Richard Neimier Big Creek

Silver Crescent Ore Face Shows Limited Commercial Value

Walter St. Germain completed a 75 foot drift on the Silver Crescent near Osburn in a 1000 foot tunnel. The last 200 feet expose ore of low grade and not clearly commercial. Eugene Thomas notes 2% ore at the face, a lead zinc iron mix, with potential improvement deeper. A 250 foot shaft exists with crosscut unsuccessful in reaching the vein. F W Mauser of Spokane is secretary of the Silver Crescent company.

Walter St. Germain Silver Crescent Osburn Eugene Thomas Silver Crescent Company Thomas F. W.mauser Spokane S Silver Crescent Company

High cash per capita shown by Wallace banks in Dec statements

The First National bank and the Wallace Bank & Trust report strong end year conditions with deposits totaling over 5.28 million and per capita cash exceeding typical city levels. Key figures include loans 1.86 million, securities 2.18 million, and deposits 5.29 million while cash and reserves stand at 1.76 million. Directors and officers were reelected at both banks’ annual meetings.

Wallace First National Bank Wallace Bank & Trust Company Coeur d’Alenes Natonal Coeur United States H. KB. Howes August Paulsen Spokane Alfred Page James F. McCarthy J. W. Wilmer James E. Gyde M. J. Flohr George S Seward California Gyde Steward J. W. Wimner Charles A. Keating Jerome J. Day Ramsay M. Walker David C. McKinnick Frank M. Rothrock John P. Mahoney Paul Leuschel Axel P. Ramstedt

Homestake Ore Prospects Spark Hope for Revival

Visitors B G Gnaedinger and Jesse Freeman report favorable ore showings at Homestake after a 100 foot crosscut extension. Freeman, a stockholder, aims to resume development as a 60 to 100 foot extension could reveal an ore body. Parallel work by Silver Reef Mining under G W Buehler continues nearby with a promising drift face in Homestake ground.

B. G. Gnaedinger Jesse Freeman Homestake Freeman Gnaedinger Hunter Silver Reef Mining Company G. W. Buehler Silver Reef Company

Also Mentioned on This Page

Galen—Weed IOUS Wallace Banks North Bunker Hill J. P. Hall Dale
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