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Wallace Miner in Wallace, Idaho

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Wallace Miner

Location

Wallace, Idaho, United States of America

Date

Sep 13, 1923

Page

1

Cedar Creek Strikes Ore at Deep Shaft Level

Cedar Creek Mining and Development reports a new ore strike 200 feet below the No 3 tunnel shaft. Crosscuts extend toward the hanging wall with 18 inches to 2 feet of galena ore, promising a large, grade-stable body as development continues toward the shaft bottom and toward a planned mill.

Cedar Creek Mining & Development Company John Weyer Wiliam Becker Cedar Creek Weyer No. 2

Rex Consolidated Mining Sells Equipment for Red Monarch Plans

Raymond Guyer and RE Murray visit the Rex mine to arrange sale of underground equipment as operations shift to the Red Monarch tunnel on Beaver Creek side. Heela company buys motors transformers and other electrical gear while Rex seeks authorization to purchase supplies to begin work before winter. The plan aims to extend the Red Monarch tunnel 180 feet to reach under the Rex shaft and access a large ore tonnage exposed there.

Raymond Guyer Rex Consolidated Mining Company RE. P. Murray Rex Red Monarch Beaver Crek Heela Company Guyer Rex Company Tgo

Callahan to take over Vulcan property at Clintonville meeting

Thomas Jay and D A Callahan travel to Chicago then Clintonville for a stockholders meeting to transfer full Vulcan ownership to Callahan Zinc Lead. The Galena west property with a long tunnel could aid Galena development. Callahan expects to gain complete Vulcan control. Callahan family plans extend stay through Christmas. Thomas Jay, veteran Coeur d Alene miner, dies. funeral held with Elks and Odd Fellows.

D. A. Callahan Callahan Zinc-Lead Company Chicago Clintonville Wis Vulcan Minig Company Vulcan Callahan Company Galena Vulcan Company Callahan Twin Falls Boise Thomas Jay Coeur d'Alene Elks and Odd Fellows Hugh Toole Frank Fryan L. Sweet Adolph Haupt Joseph Clark Charles Garanson Mr. Jay Cornwall England United States South Fork Last Chance Wardner Canyon Creek Standard and Friese Spokane Butte

Steady Improvement at McPhillips Property on Nine Mile

At the McPhillips property nine mile, Stratton and Stratton report encouraging development under a ten dollar option plan. A Merriam report notes galena in samples, a blue taley gouge seam, and Revett quartzite nearby, with hopes the drift nears an ore shoot though finances hinder progress and more shifts could accelerate evaluation.

McPhillips Nine Mile Stratton & Stratton Chas

Callahan Zinc Lead reports second quarter results

Callahan Zinc Lead company president John Borg reports for the quarter ended June 30 1923 shipments exceeded first quarter but net returns fell due to lower metal prices resulting in a deficit of 4666. The report notes extensive development at Callahan and Galena with 2500 foot crosscut and 800 foot shaft depth. Mill recoveries improved zinc to 3.22 percent and ore assays averaged 11.30 percent zinc 5.75 percent lead and 2.14 oz silver.

Callahan’ Zinc-Lead Company John Borg New York Callahan Galena Borg Callahan Zinc-Lead Company

Hecla Mine Unwatered Below the 2000 Level

The July fire destroyed the surface plant of Heck Mining Co. Temporary pumping was set up to lower rapidly rising water in the mine. The unwatering of the mine is completed, with 2000 level motors removed for rewinding and temporary pumps to continue lowering water.

Heck Mining Company Fie

Ford the Money King Sees Cash Surpass Two Hundred Million

Henry Ford remains financially secure as Ford Motor Co reports mid year balance with cash reserves exceeding $200 million despite profits per car falling from 299 to 43. The article notes profits per car were halved in the year ending June 39 1928 and emphasizes Ford's continued financial supremacy.

Ford Henry Ford Ford Motor Co

John Borg Announces Abandoned Negotiations at Success Mine

John Borg of New York, president of Callaghan Zinc Lead, announced last Tuesday that negotiations to acquire control of the Success Mine have been abandoned. Borg acted in a private capacity, not as a Callaghan director. No details were released, though three tentative propositions had been offered, with approval open to all stockholders if any were accepted. The Success mine, long noted in Coour Alone mining history, may now resume profitable production.

John Org New York Success Minit Hore Callaghan Company Borg Coour Alone

Oreano Mining shows ore continuity in drift extension

Oreano Mining reports a rich lead-silver find at Oreano with ore continuous for 112 feet along the vein. A crosscut through the vein reveals nine inches of ore and an eighteen inch ore streak, with the wall of the vein not yet reached. The company notes a wealth of mineral area nearby and provides a September 5 letter to stockholders detailing drift progress and financials. The financial statement shows cash on hand 8547.04 with 7267.78 spent on development, leaving 151.80. The annual stockholders meeting is set for October 18.

Hen L Collins Western Onion Mining Company Burke Western Union Oreano Mining Company Tis John Dolan Sasesament eHela Heeta Studholdves

Hanley Returns From Reno Silver Conference

Hanley, superintendent of the Heela mine, returned from Teno Nevada where he attended a silver conference with U S and Latin American producers. Idaho's Manley Smith Macbeth and Peters joined others to discuss forming a silver export association to stabilize prices. A committee to pursue incorporation will be announced by the conference president after adjournment in Reno and a brief San Francisco visit followed.

L. KE. Hanley Heela Teno Nevada United States Candida Mexico Central South America Coeur d'Alene Manley Frank M. Smith Bunker Hill I Ravenel Macbeth Idaho Mining Association and & EF Peters Iver City Idaho Hanley Western Hemisphere Reno San Francisco

Independence Lead Mines report praised as top undeveloped property

The report for Independence Lead Mines Limited, prepared for Henry Kingsbury and stockholders, reviews development work, outlines future plans, and includes maps and photographs. Stanley Kt. Moore, a Wallace Spokane mining group engineer, calls the property among the district’s best undeveloped assets with strong potential for a large future mine.

Independence Lead Mines, Limited Henry Kingsbury Mullan Independence Ground Hunter Stanley R. Moore ER. M. Atwater New York Julius P. Hall Wallace Alaska Moore Kingsbury

Also Mentioned on This Page

Declared Monarch Vulcan Meeting Miner and Pioneer Arctic Circle Drift Merriam Panhandle California Callahan Report Pres. Borg Hecla Coolidge and the Owl Calvin Coolidge Coolidge Northampton Mass Ohn Borg Oreano Independence St. Negis St Regia Revett and Burke Coeur d’Alenes
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