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Newspaper
Wallace Miner
Location
Wallace, Idaho, United States of America
Date
Nov 23, 1922
Page
6
H W Ingalls secretary treasurer reports Copper King Mining and Smelt ink plans to resume development after a year and a half. An assessment of one cent will fund underground repairs a mine building raise above the Sonora Gulch fault and diamond drilling to extend ore bodies.
J L Martin secretary of Carney Copper at Mullan reports completion of agreement to extend No 3 crosscut tunnel and notes possible new contract. Face sits about 7 feet into a north side fault. ore from upper tunnels shows good grade and shipments occur. No 4 may reveal a commercial ore body once vein reached.
Bear Creek Mining company stockholders met last Tuesday evening with strong representation. L. L. Sweet was named president, Joseph Forrest vice president, L. O. Thomas treasurer, W. J. Stratton secretary, and John Noonan and Frank Curran directors. Directors announced financing arrangements and a plan to secure electric power for the mine and mill, aiming for installation this year or early spring if weather permits. A power line would run about 2 1/2 miles from the Washington Water Power line. A few men remain at work in development through winter, with a large ore tonnage available and a bright outlook for the company.
Albert Hausaman of Burke, secretary of Tyler Mining Co, reported in Tyler that three miners work on company land across the Montana divide above Burke. A strong ore showing exists in the upper tunnel, with a crosscut extended 400 feet and another 1000 feet, likely to intersect the vein in 40 to 50 feet, raising confidence in an ore body despite snow at the summit. Poverty and hardship have driven many into prominence.
Eugene Thomas of Osburn, manager of the New Hope Mining Co., returned from Coeur d’Alene where he will serve on a federal jury. He reports a new blacksmith shop is finished near the tunnel portal and two men are employed, with production planned through the winter. The New Hope sits on Two Mile Creek, the tunnel now 65 feet, timbered, with soft ground and moisture. The tunnel will intersect three known veins, the first within about 250 feet at 100 feet depth, following a northerly and southerly vein with a diorite dike beside it, and will head toward the other two veins.
The Engineering and Mining Journal Press reviews lead and zinc markets. Lead shows a premium for prompt orders with November shipments booked around 7.26 to 7.26e, averaging about 7.06e for next two months. St Louis sees small orders at rising prices and October production up. Zinc remains strong with forward delivery dominant, spot zinc at a premium of 5 to 10 points, export and March delivery common, and American Zinc Institute data showing production up while consumption stays above it. high grade zinc rose to 8.25.
The tungsten market strengthens in the United States with a tariff raising unit costs to about 2.14 to 2.30 per unit, while domestic mines stay idle. Production ended after 1920 as prices fell, but surveys show a 2 to 3 year supply, though market remains tight as sellers demand favorable terms. Some steel makers report dwindling stocks, signaling rising demand ahead.
T B Cosgrave of Mullan, manager of West Hunter Mining, said in Wallace that a few men are cutting timbers for a new tunnel on the west side of Mill creek. He noted better conditions on the Morning side, with the vein exposed by open cuts. Construction will begin near No 4 tunnel of Independence, about December first, with rapid depth gain after a 50 foot crosscut and drift west. The West Hunter, between two large mines, has long been seen as highly prospective.
H V Edwards, manager of Climax Mining, reports completion of the crosscut north from the main vein and a short distance remaining to reach the vein. Plans are in place to extend the crosscut this week, with favorable outlook for ore discovery at about 200 feet depth beneath a strong surface showing on Revenue gulch. The Climax site on Revenue gulch joins Western Talon to the east.
Independence unex company prepares to mine ore exposed on No 3 tunnel level from No 4 about 400 feet below. Exploratory work has proved a large commercial ore shoot east of No 3 for 150 feet and extendable west. Work will move air from upper to lower tunnel. compressor coming soon. plans for No 4 include a crosscut to No 8 ore or follow a quartz stringer for wider prospecting.
Walter St Germain of Osburn reports 2 feet of ore in the main tunnel of the Coeur d Alene Crescent, formerly Evolution. The vein runs about four feet wide with lead silver and copper, including a six inch galena streak. Company plans to explore further. Location near Osburn, with F W Mauser of Spokane as secretary and William Osburn estate holding a large stock block.
Notice to delinquent stockholders lists shareholders and shares in the Royal Mining Company of Coeur d Alene Idaho for assessment 26 two mills per share with sale of sufficient shares to enforce payment. Delinquent entries include Heck Frank Collin J Milton Foss L C Kreuger MeMinn MeMinn Olson Ben Olson Ren Olson Peter Olson Reuben Rialson EL Skogen NT Severson LT 54 5000 10.00 Severson LT 439 5000 10.00 Sale to occur at the company office Wright-Stone street building Coeur d Alene Idaho on the Wth day of (date unreadable)
December 1922 at 7 30 p m to pay delinquent assessments there on with advertising costs and sale expenses. Soren Simonson secretary treasurer Royal Mining Company Inc office room 231 Wright-Stonestreet Building Coeur d Alene Idaho.
Notice is hereby given that by order of the board of directors of the Royal Mining Company Inc the sale of stock delinquent listed in the above notice has been postponed from December 1 1922 to December 28 1922 at the same hour and place described d Alene Idaho 8 7 31
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