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Lucky Friday Extn MINING (LFEX)

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Last Post: 11/19/2019 9:19:21 AM - Followers: 4 - Board type: Free - Posts Today: 0

LUCKY FRIDAY MINING



$LFEX



Property adjacent to Hecla's Lucky Friday Mine in the


Coeur d'Alene Mining District, Mullan Idaho


and is under lease to Hecla Mining Company.






The Lucky Friday mine east of Mullan, Idaho, is an outstanding example of a property in the Coeur dlAlene district where a small and insignificant-appearing silver-lead-zinc vein at the surface has changed at depth into a large vein of great importance. The Lucky Friday vein has little if any surface expression and above the 1200 level the ore shoots are small and discontinuous. Between the 1200 level and 2450 level, the lowest developed level, the main ore shoot has shown remarkable improvement on each succeeding lower level, and today the mine is one of the major lead-silver producers in the Coeur d'Alene district. History: The Lucky Friday property is on the north side of the South Fork of the Coeur d'Alene River in sections 25, 26 and 35, T. 48 N., R. 5 E., Hunter mining district, Shoshone County, Idaho. This is about one mile east of the town of Mullan, which serves the eastern portion of the Coeur d'Alene district. The southern part of the property is crossed by a branch line of the Northern Pacific Ry. and by U. S. Highway 10. This highway is the principal road crossing the panhandle of Idaho and connects the district with Spokane, Wash., on the west and Missoula, Mont., on the east. The main portal and surface plant of the Lucky Friday mine is at an elevation of 3365 ft, only a short distance above the valley floor and a few hundred feet from U. S. Highway 10. so the mine is readily accessible for year-round operation. The property is comprised of six claims, known as the Lucky Friday group, owned outright by the Lucky Friday Silver-Lead Mines Co. There are four patented claims, Good Friday, Lucky Friday, Northern Light, and Lucky Friday Fraction No. 2 (Mineral Survey No. 3028), and two unpatented claims, Hunter and Creek. In addition, Lucky Friday owns an undivided one-half interest in the Hunter Creek property. which adjoins the Lucky Friday group on the north: a 90 pct interest in the mineral rights in the Jutila Ranch (160A), which adjoins the Lucky Friday group on the east; and a 60 pct interest in the Lucky Friday Extension claim group, which adjoins the Lucky Friday group on the west. The company also has a long-term mining lease on the Hunter Ranch, which adjoins the Lucky Friday group on the west. The claims of the Lucky Friday group were located between 1899 and 1906. The Lucky Friday Mines Co. was organized in 1906 and did considerable exploration work by surface trenching and shallow underground workings, only to see the property sold by the Shoshone county sheriff to satisfy labor claims totaling $2000 in 1912. Another firm, Lucky Friday Mining Co., bought the claims in 1914 and spent 12 years driving what is now known as the tunnel level crosscut. This tunnel intersected a vein previously exposed in a higher tunnel, but it was only a few inches wide. The vein was followed a short distance westerly but was so unpromising that the work was discontinued in favor of extending the main crosscut tunnel several hundred feet north. No ore was found and all work was discontinued. The property was held in such low esteem by the firm that it let taxes amounting to less than $15 a year go delinquent for nine years. Then the property lay idle for two more years until in 1938 John Sekulic, a Mullan service station operator, took a lease, with a $15,000 purchase option, on the advice of an old miner who had worked in the mine. Sekulic re-opened the tunnel level crosscut and explored the vein with an easterly drift for about 200 ft. The vein was too narrow to be of commercial value but was believed interesting enough to warrant further exploration at depth. Lacking funds to explore the vein at depth, Sekulic tried to get the district's larger operating companies to take over his lease and option. They were not interested because of the lean tunnel level showing and the fact that the property lay between the White Ledge fault on the north and Osburn fault on the south, an area which geologists always considered unworthy of exploration. Sekulic then organized the present company and assigned his lease and option to it for stock. This was in 1939. Enough stock was sold locally to finance sinking of a shaft 100 ft from the tunnel level east drift. The vein at this additional depth still was not commercial but showed some improvement. Treasury stock was offered at 5 to 10C a share




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PostSubject
#35  Sticky Note Word is that the mine and steelworkers reached Soulman856 09/28/19 08:41:10 AM
#66   $LFEX: I'm liking what I'm finally seeing makinezmoney 11/19/19 09:19:21 AM
#65   lfex...come on lucky!..time to move here max8 11/13/19 01:38:47 PM
#64   Ty...Market slow to respond WHITTENHALLJR 11/13/19 12:48:50 PM
#63   SPREAD THE NEWS...to any twitter and website you chdobull 11/07/19 09:24:50 PM
#62   THERE IS A TENTATIVE AGREEMENT !!! chdobull 11/07/19 09:21:45 PM
#61   Hearing details of the proposed contract will be Soulman856 10/03/19 11:51:38 PM
#60   Getting quiet here now...must be close to an Soulman856 10/01/19 01:54:47 PM
#59   Another green day! Soulman856 09/30/19 05:34:37 PM
#58   Geeze...hold your shares...For the love of Pete.. WHITTENHALLJR 09/30/19 10:45:56 AM
#56   Sitting on massive silver and gold here. This Soulman856 09/30/19 09:37:21 AM
#55   https://www.mining.com/web/atlas-copco-receives-first-order-mobile-miner-40v-hec WHITTENHALLJR 09/29/19 09:43:17 PM
#54   I’m feeling it!! That machine looks like a WHITTENHALLJR 09/29/19 09:36:54 PM
#53   Maybe the Atlas Copco continuous rock miner arrives Soulman856 09/29/19 09:22:21 PM
#52   Yes... I’m buy dips... I think we’ll here WHITTENHALLJR 09/29/19 08:59:34 PM
#51   Excellent timing to settle dispute max8 09/29/19 08:55:48 PM
#50   Good dd whitten ...secret lucky mine here. max8 09/29/19 08:54:18 PM
#49   Hecla's silver production has taken a hit since WHITTENHALLJR 09/29/19 08:24:03 PM
#48   I know we'll get an impressive run...all numbers WHITTENHALLJR 09/29/19 06:03:47 PM
#47   My opinion it should be at least 20 Soulman856 09/29/19 05:55:12 PM
#46   What’s a reasonable market cap if they end jchords 09/29/19 05:44:10 PM
#45   Both management and the unions have been really WHITTENHALLJR 09/29/19 12:25:49 PM
#44   Shh..people will find this ticker before I get max8 09/29/19 10:29:58 AM
#43   It's about to go down... Soulman856 09/29/19 10:25:20 AM
#42   USW Local 5114 (union of Lucky Friday`s miners WHITTENHALLJR 09/29/19 09:34:41 AM
#41   https://twitter.com/ActivistIq/status/1151577230276882433?s=20 WHITTENHALLJR 09/28/19 03:16:35 PM
#40   2.5 years ya gotta give those strikers credit...I WHITTENHALLJR 09/28/19 01:39:25 PM
#39   Hearing the deal is being accepted. At a Soulman856 09/28/19 11:52:39 AM
#38   that's huge! Looks like new offer was put WHITTENHALLJR 09/28/19 11:00:24 AM
#37   https://m.facebook.com/story.php?story_fbid=2613411745375880&id=694692010581206& WHITTENHALLJR 09/28/19 10:40:29 AM
#36   You got me digging around...no pun intended lol...it WHITTENHALLJR 09/28/19 09:50:29 AM
#35   Word is that the mine and steelworkers reached Soulman856 09/28/19 08:41:10 AM
#34   I like this table.....I'm in....tap tap, exciting $LFEX WHITTENHALLJR 09/27/19 04:34:02 PM
#33   Lfex. Remember. Scared money has no home! max8 09/27/19 04:27:57 PM
#32   LFEX: He”s the dealer and we”re the max8 09/27/19 04:26:56 PM
#31   $LFEX: Happy Friday............. TGIF makinezmoney 09/27/19 04:14:30 PM
#30   The ask drop doesn't give me a warm feeling... Soulman856 09/27/19 03:38:25 PM
#29   Nice. Somethn huge goin on here max8 09/27/19 03:16:49 PM
#28   $LFEX holding for .5 WHITTENHALLJR 09/27/19 03:09:16 PM
#27   A little power hour action? Soulman856 09/27/19 03:07:49 PM
#26   New mine struck silver it seems chdobull 09/27/19 12:55:14 PM
#25   Taking the sure money and not getting greedy chdobull 09/27/19 12:11:49 PM
#24   Pretty stupid with this kind of strength WHITTENHALLJR 09/27/19 11:55:58 AM
#23   Little profit taking.. yankees18 09/27/19 11:54:28 AM
#22   Someone selling into the bid? Soulman856 09/27/19 11:52:58 AM
#21   Need to hit ask to get in yankees18 09/27/19 11:45:07 AM
#20   GTSM dropped to .10..he moves easy yankees18 09/27/19 11:42:52 AM
#19   Lucky monster!! By noon....lol WHITTENHALLJR 09/27/19 11:37:39 AM
#18   $LFEX: Lucky lucky lucky FRIDAY......... $0.085 HIT makinezmoney 09/27/19 11:33:56 AM
#17   Looks like .10 easy yankees18 09/27/19 11:33:37 AM
#16   Dam 8s up-->>> lucky Friday $LFEX WHITTENHALLJR 09/27/19 11:24:09 AM
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