FREE
Fall/Winter 2015
MINING & EXPLORATION
Cover Story: Bunker Hill, Kellogg, ID
Others: AEMA Expo--Spokane, WA Mountain Plating, St. Maries Honoring the Veterans Mining Apparel and Services
Published by CANNED EDITORIAL Print by GRIFFIN Publishing Inc. Graphics by AVENIR MARKETING www.expertbusinessjournal.com
MINING
SUP P OR T
C ON T R AC T OR
WHEN YOUR MINING PROJECT DEMANDS MORE, DEMAND ACI. ACI Northwest has been in business constructing projects and supporting mining operations in Idaho, Montana and Washington since 1992. ACI has become one of the area’s most trusted names in mining projects. The mining division of ACI Northwest has the experience, safety record, equipment and manpower to get the job done right. We specialize in:
• • • • • • •
Quarry Surface Mining Excavation Crushing Exploration Support Waste Material Management Ore Transportation Road Construction/Maintenance
• Site Grading • Storm Water Management • Tailing Pond Construction/ Maintenance • Leach Pad Construction • Custom Air Ventilation • Wet & Dry Utilities
• • • •
Waste Water Treatment Potable Water Systems Ancillary work scopes Certified MSHA Instructors
6 6 0 0 N . G o v e r n m e n t W a y, C o e u r d ’A l e n e , I d a h o, 8 3 815
2 0 8 -2 0 9- 0199
w w w. a c i n w. c o m
UNDERGround vs. UNDERWater Mining by Andrew Butler
The last frontier for mining isn’t outer space, although imagine how much metal there could be if we could ever snag a speeding asteroid. But in a more realistic future, potential treasures may await us undersea in the form of untouched mineral deposits. Various proposals have suggested that the actual extraction can be done remotely through suction or robots that break up rocks and put the slurry in a conveyer system back to a processing ship. Advocates say that undersea operations can produce high enough volumes of minerals that large-scale surface mining can be reduced. Impacted South Pacific communities like Fiji or Tonga could also see potential boosts from successful endeavors in their backyards. However, undersea mining proposals are causng international outcry over concerns of permanent dam age to not just the sea floor in the proposed mining zones but possible worldwide water and marine life contamination if sediments, tailings and other waste spreads into ocean currents. Nautilus Minerals, a Canadian company that filed the first modern deep seabed mining permit in 2008, still hasn’t got off the ground. The
AND NOW! www.goldgold.com
MINING THEN . . .
company’s Solwara 1 proposed to set up operations in the Bismarck Sea off the coast of Papua New Guinea, 1,600 meters below the surface.Solwara 1 hoped to seek Seafloor Massive Sulphide deposits of heavy minerals, which the company estimated could produce 150,000200,000 oz/y 8of gold and 80,000-100,000 t/y of copper, plus high concentrations of silver and zinc. Papua New Guinea approved the project in 2009, but it continues to receive international scrutiny over possible environmental impact and financing questions. Barring any future delays, company officials hope to start operations by 2018. A similar proposed Nautilus underwater operation near New Zealand may be on hold due to that country’s recent declaration of a new oceanic sanctuary. In September 2015, officials announced that the Kermadec Sanctuary would extend 239,000 square miles to protect a chain of undersea volcanoes and marine life. Included was a ban on commercial activity including fishing and mining. The United States made a similar gesture in 2014 by expanding the boundaries of the Pacific Remote Island Marine National Monument,
Continued on Page 8
18/August/2015 A Flyspeck of Gold What Nixon should have done, but didn’t do, was by Hugo Salinas Price to lower the price of the dollar. Instead of accepting that the dollar had to have a lower price, he simply stopped The idea of a “Dollar price delivering gold for high-price dollars, period. of gold” is a mistaken idea, As of August 14, 2015, the price of a dollar amounts to although universally shared. a flyspeck of gold: 0.0278 grams of gold. That’s 2.78 Just as mistaken as hundredths of a gram. the idea that the Sun revolves The dollar, like all fiat currencies through the around the Earth. ages, is on its way to meeting its doom: the moment Gold is the most when no one will want to spend even a flyspeck of gold highly demanded of on purchasing a dollar. all things in this world. Every single gram of gold in http://www.plata.com.mx/ the world is owned by someone - either directly as personal property, or through legal participation in Funds owning gold. Ownership implies demand. You are exercising Demand for everything that you own: if you are not exercising Demand for something, you get rid of it; either you sell it, or give it away, or throw it away. We are told that there are about 175,000 tons of American Exploration & Mining Association’s gold in the world. (There may be quite a bit more, according to some thinkers.) Demand for gold is un flagging and every gram of gold that is produced finds 121st Annual Meeting, Exposition a willing and immediate buyer. There can never be an over-supply of gold, and & Short Courses only gold enjoys such demand. Gold is the Sun at the center of the monetary universe, and all other currencies are sailing around it. November 30 - December 4, 2015 The true concept is the price of the dollar in gold. Spokane Convention Center, Spokane, WA USA How many grams of gold will purchase a dollar? The gram weight of gold which is needed to purchase a dollar is the price of the dollar. Final Preregistration Brochure Up until 1933, the price of the dollar was 1.505 grams of gold. In 1933, Roosevelt and Treasury Secretary Morgenthau decided that the dollar had to be devalued to rescue the US financial system, and lowered its price to 0.889 grams of gold. There the price of the dollar stood, until 44 years ago, when on August 15, 1971, President Nixon decided to “temporarily” suspend delivery of gold to Central Banks of the world, who had been promised gold against the presentation of dollars priced at 0.889 grams of gold. The “temporary” suspension has been in effect since then. The market had already doubted, for several years, that the price of the dollar could be maintained at the high price of 0.889 grams of gold, before events forced Nixon’s hand; as our graph shows, there was already in existence a difference between the maximum and minimum prices of the dollar, prior to Nixon’s action.
TABLE
OF CONTENTS
PAGE 3
UNDERWATER MINING by Andrew Butler PAGE 4 HUGO SALINAS Column and AEMA ASSOC. EXPO INFO. PAGE 6 THE AGREEMENT by John “Jack” Weigman PAGE 7 GOLD-Wall St. vs. Main St PAGE 9 WRITER/AUTHOR David Bond’s Interview with Hugo Salinas PAGE 14 THE HUMAN LIBRARY: Jerome Bunde PAGE 19 SILVER & GOLD CHART PAGE 20 KING COUNTY ECONOMICS by Chris Mefford PAGE 21 HONORING NAVY VETERAN Edward Hempel PAGE 22 UNIVERSITY OF IDAHO Forestry Short Course PAGES 24-27 COVER STORY-Bunker Hill by David Bond PAGE 37 MOUNTAIN PLATING PAGE 39 ALZHEIMER FOUNDATION PAGES 40-43 CAREERS IN AM. INDUSTRY
MEET THE TEAM:
Editor-In-Chief Editors
GOD Beth Hanggeli David Bond of “The Wallace Street Journal” Graphic Director Jacob Myong of Avenir Graphic Design Rachel Rosales of Orange Peal Designs Photography Jodie Roletto Publisher Julie Lilienkamp Call (208) 699-5280 for more information, submit a story or comments. www.expertbusinessjournal.com
A HEALTHY, HAPPY HOLIDAY TO ALL!
Welcome to the second Mining Publication since going
out on my own. It was you, my community who inspired me and continue to give me a passion to get your stories out on paper. Although the world is constantly changing, new ways, new methods, new techniques, we could not be where we are today without those who have worked to make this world a better place before we had a chance to help. Look around you. Nearly everything in our daily routine has something to do with mining or timber--we found a way to use God’s resources. I want to remember those people who made it work, and to gather up the stories before they are gone. Who knows, we may even learn something from the sweat, blood, and tears of the miners who came here to make a better life for themselves, their families, and even us. And for all the Veterans who sacrificed. This edition will honor all the Veterans this Veterans Day, 2015, and we want to hank the hardworking people of our surrounding mining communities. Beautiful Downtown CdA and Spokane have deep roots/history of mining, farming,and it is my hope to rekindle that spirit to keep the passion of our roots alive. I am a second generation Idahoan, a miner’s daughter, a miner’s granddaughter, and my plan is to remember and share memories. Please send me your stories. Thanks to all those in the Northwest who have worked so hard over the years to make this a better place. Happy Holidays, and God bless you and your families now and always. Our success depends on your support. Visit www.cannededitorial.com, or email julie@cannededitorial.com CHEERS! Julie Lilienkamp
“If you believe, you will receive whatever you ask for in prayer.” Matthew 21:22 (“Y todas las cosas que pidan en oracion, creyendo, las recibiran.” San Mateo 21:22 )
Happy Birthday, JESUS--my King!
The Agreement
by John H. Wiegman Way out west, Spokane changed from a town to a city and its law officers got real badges to replace stars cut out of tin cans. South of Chelan, Washington and north of Wenatchee, a horse plodded slowly. Karl scanned empty, rolling land. Riding onto Dutch Henry’s ranch, Karl held a secret. Clouds speak in the western sky. You can wave your hand gently and clouds form the faces of strong men. Clouds formed a proscenium arch over life’s stage as two recent Immigrants talked. “Ya! Pleased to meet you. Ya.” A handshake is a commitment to integrity and a promise of friendship. Any good man will sacrifice for the needs of any other. “I will find land of my own.” “Right now, Du needs food and a place to stay.” The new friendship was easy, predictable and trustworthy. Karl helped Dutch Henry’s family with chores and repairs. Helpers become family and family always spreads out like honey on bread. In two days’ time, it was time for Karl to leave and to claim his own land. “I’m deeply obliged to you for the loan, Dutch Henry.” Karl rolled the axe thoughtfully in his hand. “I’ll bring it back in a week.” With that, Karl mounted his horse and rode off toward the gulch he would call Eula Ranch. Here was water, grass and isolation. Dutch Henry saw the new neighbor only occasionally.Mary kept a lively house. Her youngsters, Harold and Bill, were young and active. The ranch prospered. A dinner bell spieled joy across a buttery sunset and the two-story ranch house sang a lusty tune of beef, beets and potatoes. “Boys! If you need the outhouse, do that before supper. We take supper together and I’ll brook no interruptions. And wash your hands before you come in.” “Somebody comin’, Ma.” Grass was tall and a man could lose his horse in it. A hat and head bobbed in the distance. A watering trough is made of wood and seals its old self with moss as water runs through. Animals take what they need and let the rest pass. Little Harold tumbled on his rolled-up trousers
Jail:Cramped, isolated, impossible.
and laughed up to the trough to splash his face. Company was a rare event and worthy of celebration. Harold’s whole being was about joy in the midst of excitement. “I see him too,” Bill said. “Won’t it be fun if he has sheet music for singing? Just who could it be?” Bill confided seriously, “Ma will want another setting at the table. Dutch Henry in black sheepskin chaps and his missus wringing an apron greeted Karl. The men put Karl’s saddle in the barn and turned his horse out to graze. Mary’s kitchen porch stood over the firstserious bare dirt Karl had seen in a month. Pleasantries, a meal and the piano always precede man talk. It was two hours before Karl and Dutch Henry were alone in the barn returning the borrowed axe to the tool wall. Discrimination against Germans made men quiet. These two pretended to be Dutch and neither spoke around strangers for fear that their accents would give them away. “Du seems an unhappy man, Karl,” Dutch Henry said. “Ya,” said Karl. “I made a mistake once and I... I will make what I can of life and then be done.” Dutch Henry pumped and well-water surged. Karl drank from a tin ladle, one of few metal items afforded on the Washington prairie. Carefully he returned the ladle to its square wooden bowl. Karl gripped greenwood fence rail with gnarled hands. “I left wife and son in Ohio.” Dutch Henry waited for the story that surely would unfold. CONTINUED ON PAGE 10
NEWS RELEASE
Contact: Jeffrey Nichols Senior Economic Advisor, Rosland Capital Managing Director, American Precious Metals Advisors 914-960-5200 JNichols@MetalsAdvisors.com
Gold – Wall Street Versus Main Street
NEW YORK (August 5, 2015) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital had the following comments today: At recent lows around $1075 an ounce, gold has been trading at the lowest price level since February 2010. And, in recent days, the metal has been consolidating in a narrow range just under $1100. Now, it looks to me like gold is poised to break out one way or the other – but the question remains, “Which way?” The answer may depend on some exogenous “outside the market” development, possibly a sharp sell-off in world equity markets or a spate of negative economic indicators making it less likely that the Fed will raise interest rates this autumn as most pundits expect. Gold may be out of favor on Wall Street . . . but not on Main Street. While many hedge-fund managers, institutional speculators and the financial press have railed against the yellow metal, retail investors around the world have seen a bargain at recent lows and have stepped up their purchases of physical gold. More than anything else, it has been the U.S. Federal Reserve’s ambiguous interest-rate policies that have weighed heavily on the metal. Financial-market expectations of an imminent increase in interest rates have driven the U.S. dollar’s exchange rate higher against key foreign currencies. Today, the dollar index stands at a 12-year high. As the greenback has appreciated, gold priced in dollars, has fallen along with oil and many other commodities priced in U.S. dollars. Simply put, institutional speculators – including the big bullion banks – have shorted gold on futures and other derivative markets while ETF-investors have dumped bullion, driving its price lower, and, at the same time, supplying Shanghai and other Eastern markets with the physical metal. Indeed, it has been the continuing flow of gold from Western to Eastern markets that explains why gold has performed so poorly in the face of continuing strong demand from the large Asian markets. Despite gold’s disappointing performance in the past three years – and the real possibility we could see further weakness in the days ahead – I believe gold will perform exceedingly well versus most other investment assets over the next five-to-seven years. When institutional-investor attitudes toward gold improve – and the flow of gold from Western to Eastern markets diminishes – the shortage of available metal will be reflected in sharply higher prices for the yellow metal. About Rosland Capital Rosland Capital LLC is a leading precious metal asset firm based in Los Angeles, California that buys, sells, and trades all the popular forms of gold, silver, platinum, palladium and other precious metals. Founded in 2008, Rosland Capital strives to educate the public on the benefits of buying gold, numismatic gold coins, silver, platinum, palladium, and other precious metals. Like Rosland Capital on Facebook for company updates and industry newsor order The Rosland Capital Guide to Gold in support of the Red Cross. About Jeffrey Nichols Jeffrey Nichols, Managing Director of American Precious Metals Advisors and Senior Economic Advisor to Rosland Capital, has been a leading precious metals economist for over 25 years. His clients have included central banks, mining companies, national mints, investment funds, trading firms, jewelry manufacturers and others with an interest in precious metals markets. ###
Underwater, Continued from page 3 which at 490,000 square miles in the south-central Pacific, is considered the world’s largest marine protected area. The designation forbids fishing, drilling, and mining. But not all countries are following suit – Japan, Russia, China and Great Britain have been moving forward with undersea mineral explorations and staking claim to certain international undersea zones. Attention is being given to the Clarion Clippterton Zone between Mexico and Hawaii that’s believed to have substantial manganese deposits. Undersea commerce is overseen by the International Seabed Authority, authorized by the United Nations in 1994 as part of the Convention on the Law of the Sea, which creates guidelines for business and environmental management of natural resources in international waters. The ISA has approved 19 undersea exploration licenses. References: http://www.reuters.com/article/2014/04/18/us-min ing-deepsea-idUSBREA3H06T20140418 http://subseaworldnews.com/2015/06/01/report- solwara-1-to-potentially-reduce-mining-impacts/ https://scripps.ucsd.edu/news/scientists-call-new- stewardship-deep-ocean http://news.nationalgeographic.com/ news/2014/09/140924-pacific-remote-islands-ma rine-monument-expansion-conservation/ http://www.huffingtonpost.com/wallace-j-nichols/ protecting-our-oceans-wit_b_8246960.html http://www.reuters.com /article/2015/09/29/ us-newzealand-ocean-idUSKCN0RT07K20150929.
Starr Kelso fishing the
Northwest rivers--Summer 2015
A Bit of Hugo’s Time (Interview)
by David Bond of “Wallace Street Journal”
Hugo Salinas: One of the purposes to go to Italy is to go skiing, but there was no snow. David Bond: Really? Hugo Salinas: No. It was cold and the scenery was just beautiful. We were up in the mountains of northern Italy. The hotel was very comfortable. We just were happy to be together and share time together, but there was no skiing this year. I’ve splurged in recent years on traveling with the whole family. I think it’s a good thing to leave them with some pleasant memories for the future. My wife and I, we’re approaching the end of our line and our lives, but I want to leave our family with some pleasant memories that will help them keep together a little more than usually happens. When the elders go, the young ones tend to, each of them, go their way. This will help, I think, in a way.
David Bond: I think that’s a very gracious thing to do. Hugo Salinas: If I have the money to do it, why not spend the money on that? They’re going to be okay. What would you like to talk about? David Bond: Let’s start now. Hugo, just by way of background again, our conversation is silver and fiatfree money and how it can liberate people. I also think it’s important for our listeners to know who you are. You came up from rather humble beginnings, I guess, repairing radios. Hugo Salinas: Yes. A complete neophyte when I began to “work.” David Bond: Tell us about that. Hugo Salinas: I went to high school in the States for three years. I graduated the youngest in my class and I went on to the University of Pennsylvania, where my father had been, to the Wharton School of Business and Finance. But I found myself completely at sea there; I really was not happy there. It wasn’t what I really wanted. I didn’t know what I wanted, but I wasn’t happy there. So, I decided to leave the university and I went back to Mexico, to Monterrey, which is in the northern part of Mexico, where my paternal grandparents lived. My grandfather was recently deceased. I lived, then, with my grandmother and I entered the Monterrey Continued on Page 12
...Here to Help with Your Lubrication & Fuel Needs.
Your
Agreement Continued from Page 6 “A neighbor kid and my boy, Tim, was playing,” said Karl. “The neighbor kid was rough and I told him several times to settle down with swinging that shovel.” Karl paused, looking at folds of grass carpeting the rolling prairie. He tipped his head down. Eyelids closed as though he wanted to shutter off old pictures that wouldn’t leave. “I was walking past the boys when the shovel flew into my son’s head, cutting his ear and just missing an eye. I backhanded the kid and he fell back. His head hit a rock like a lemon on a juicer.” Karl spat through his teeth, “Kid died then and there.” Karl’s soft, gray eyes sought a pillow of forgiveness in young wheat waving with the breeze. “I told my wife what I done. I said we’d get together again some day. Then I saddled the horse and left. I won’t go to jail. I’ll figure a way to die first but for now, nobody knows where I am.” Dutch Henry said nothing. America was mostly vacant land untravelled by anybody. The law, like a sleeping wolf, doesn’t want to be bothered. When it wakes it wants meat, any meat. Jail was an unspeakable hole with no room, no light, no food and no hope. Jail was a place for a man to die slowly, wishing only to die fast. Eula Ranch flourished under Karl’s husbandry. Three years passed. Dutch Henry heard that there was a woman and a strapping boy of 14 living on the place. The boy was German through and through, the kind of youngster who matured with integrity and liked hard work. Tim was missing part of an ear. All things have their time. Fall brings first snows. Eula Ranch now boasted a cabin with a stone fireplace. Karl and his son built a lean-to they called “the barn.” On Dutch Henry’s ranch, chickens and pigs were secured in their own parts of the house. These kept the home noisy. When you lived with it, smell and racket were the core of life. “Harold. Bill.” Mary’s voice commanded with authority that only mothers own. “You watch the stove. Fire could take everything we have and take you, too.” Her fire lectures were constant and unrelenting. “Watch for sparks. Keep water at hand. Clean the floor. Make new brooms when you need them and remove the waste straw. Always.” Mary lectured the boys throughout every day on the dangers of fire. “Always.”
A small iron stove served as the kitchen’s center and heart of the house. At night the brothers slept together. Your friend is your heat. Mary’s quilts recycled old clothes and made a playhouse of a creaky bed. On a cold morning you may discover the bed pan frozen but you laugh just the same. By sunup you think about rolled oats cooking over a wood fire. By noon you think how wet are your shoes. Instructions flowed without end. “Dutch Henry is with the cattle. I will be with the little ones. You are to kill two chickens, scald them and pluck them. Go now. I’ll put water on the boil.” Harold and Bill ran to get birds and take them to the chopping block. Harold, the elder of the two, rocked a hatchet out of its block. Holding each bird still, he lopped off its head, careful to cut just so, leaving plenty of meat in the neck and keeping his hand safe. Blood spattered snow about the chopping block. “They’s running everywhere with no heads,” Bill giggled. “They won’t run far.” Harold leaned on a fence post. “They oughta be a law that they only be drumsticks.” Law is a haughty mistress and she knows Justice only as a nosy, noisome neighbor. A horse and buckboard rolled through distant brown grass spattering slush. Neighbors said it was the new sheriff, three-days’ ride out of Spokane. He was asking about an Ohio man. Had heavy manacles hanging on the springboard seat. German peasants won’t rush to tell you all they know but they tell the truth when asked. The officer found his way to Eula Ranch and knocked on the door. Said he was looking for Karl. “Look in the barn,” Eula said stoically. Donohay introduced himself as professionally as he knew how. “Karl, I’m here to arrest you.” “I’ve been waiting... a long time.” CONTINUED ON NEXT PAGE
Agreement CONTINUED FROM PAGE 10 Manac led hand and foot, Karl closed his eyes, remembering the kid’s death and considering his own dark future. Karl’s plan was set. Donohay loosed one anklet and Karl mounted the wagon. Eula looked at the ground. “I’d offer you supper but it doesn’t seem right. I’ve wrapped some lamb in a towel for the road. I’ll pray for you both.” “Yes, Ma’am.” Donohay’s quiet manner hid weight in his heart. Donohay clucked and the buckboard lurched forward. Winter paints the clouds with lampblack and ash gray. A day with slush is darker than one with blowing snow and crystal ice. The cold reaches further. Karl’s frau paused a moment to fight the knot in her stomach. Unfortunately, certain pains are inexorable and this pain was that kind. In 30-minutes, she found Tim in the woods cutting a tree. “Tim. It’s happened. The sheriff took your pa.” Karl had committed his family to The Agreement. The time to fulfill that agreement was now. Tim threw a blanket and saddle on the family horse. Winchester in hand, he spurred the animal forward. It took three hours racing through tall grass, slush and trees to gain sight of the buckboard. Tim stopped on an outcrop. His lathered horse heaved strongly and shook. Ahead, two men rode the wagon in silence disturbed only by creaking wheels and plodding steps of the sheriff’s horse. Sheriff Donohay thought sadly
of the terrible burdens of office. Karl thought of winter. Tim climbed down, hid his horse and braced himself carefully against a tree to aim. He fired one shot high, over the wagon. Surprised and suddenly tense for battle, Donohay dived off the buckboard, rolling through mud, slush and rocks. The horse plodded on. With the wagon bobbing gently, Karl stood up, his manacled hands linked to feet with just enough slack to straighten his back. This time a single, well placed shot pierced the back of Karl’s head. …∫…
Hugo Interview Continued from Page 9 Technological Institute, which was and still is a very good school. But I was sent back to prep school because I didn’t have the credits sufficient to enter into the program to become an accountant, or business administration; I forget what it was I was thinking of going to. David Bond: Well, who knows, at that age? Hugo Salinas: I was in Monterrey for a year and a half. As soon as I got to Monterrey, I met a very beautiful girl with whom I fell in love, and she became my wife four years later, in 1954. Well, before we married, I again left Monterey Tech and came down to Mexico City to enter the law school. I said, well, maybe being a lawyer would be more suitable to my character. But I didn’t like that either, so I was really desperate. I’d felt I’d been wasting a lot of time, and I really felt ashamed to ask for another transfer to some other university. I said, what the hell, I better get down and do something useful, get into business and do something. Put myself to something practical. My father had started a small business manufacturing radios. I went into that small factory as general manager. Can you imagine? I was 20 years of age and I was supposed to be the general manager. Well, we struggled along. Then, very lucky things happened to me. My dad was running a department store business, and he began to import TV sets in chassis form because we had protectionism, so they couldn’t be brought in fullyoperational. They had to be put together, the chassis with the picture tube, and put into a cabinet. So, he gave us the contract to do that for his company. We then would have the cabinets made and put these chasses together, and put them to work, and put them into the cabinets. Then, deliver them and collect a fee for doing that. We had a very good engineer; one of the luckiest things that happened to me in my life. His father had been an electrical engineer and he’d always been fooling around with electronics. So, he said to me one day – he was the one that was in charge of designing the radios that we were manufacturing – “Mr. Salinas” – I was only 20, but I was “Mr. Salinas” to everybody; we didn’t use first names.
He said, “Why don’t we make televisions ourselves?” I said, “What? That’s impossible. That’s a terribly complicated thing. We struggle to make radios that function; how could we possibly make television sets?” “We could do that,” he said. “Why don’t you make a sample?” So he said, “Well, all right. I’ll make a sample.” He went back to the lab and worked there for perhaps a couple of months. One day, he came and said, “Well, we’ve got an image.”I said, “What?” So, we went to the lab. Everything was very primitive, you must understand, very primitive. David Bond: Well, television was primitive at that stage. Hugo Salinas: There was a TV set with an image on it. My goodness! It wasn’t thebest image I’d seen, but there it was. We had a television set. I said, “Well, let’s make 200 of them.” We scrounged together $5,000 and I gave him $5,000 in cash, hoping he wouldn’t abscond with the money. He went to Chicago, to where they sold leftovers from the production lines. In Chicago, there was Admiral and Motorola, making 5,000 sets/day. They had large amounts of leftovers from their runs; these were bought up by people for next to nothing. Our engineer went and selected what he needed from among the different things. He came back and said, “Well, I bought the Continued on next page
For FREE Property Valuation Call me Today!
Sandy Sandy Watts Watts
® If you are looking for REALTOR REALTOR®,, GRI, GRI, SFR SFR property or would like help to determine the value of your property, call me TODAY! Cell: 208-659-5751 I can help you! Cell:Fax: 208-659-5751 208-667-0292 joesan@roadrunner.com Fax: 208-667-0292 REAL ESTATE coeurdaleneforsale.com joesan@roadrunner.com is my business!
296 Sunset Ave, Suite 15 coeurdaleneforsale.com Coeur d’Alene, ID 83814
296 Sunset Ave, Suite 15 Coeur d’Alene, ID 83814 Each office is independently owned and operated. Each office is independently owned and operated.
stuff for 200, and it’ll be arriving.”In due course, the stuff arrived and we started putting together TV sets. Miraculously, they did work, more or less. They weren’t the best on the market, but they were there. So, we had a television. There was a great demand for TV. The market was very forgiving. People were anxious to have a television set. So, we started selling them. First, we wanted to sell them wholesale, but soon enough we found that there were at least half a dozen other brands selling their goods through the retailers, and it would be very difficult for us to have our sets selected among that bunch. We would be the ugly duckling and, even at a very low price, people would not go for that. So, we decided to sell directly. We got together a bunch of salesmen to go and hawk our TV sets door to door. That’s the way we began to sell directly to the public. David Bond: Thus, Electra began. Hugo Salinas: That’s the way Electra began. Then, when we had salesmen selling TV sets, my father said, “Let’s give them something else to sell besides TV sets.” We got a line of refrigerators from Frigidaire, and we got washing machines, and we got blenders, and we got sewing machines, that sort of thing. So, we had several things that we were selling. Eventually, by accident, I decided to open a little store. Instead of having salesmen going around with
photographs trying to sell our stuff, they could take their clients to a store where they can see the merchandise. That’s the way we started having our own stores. We began with one, and then we had two, and three, and six. Then, we expanded up into 12. That’s the way the chain got started. Later on, I planned an expansion and we went to 25 stores. We’re at 1968 now. I’ve been working for 18 years. At that point, I decided we have to have a systems department. We have to computerize this company so that we can control our accounts receivable and our inventories in the stores that we have scattered around the \country. David Bond: Boy, 1968 was pretty early for computers. Hugo Salinas: I figured it’s going to take us 10 years to completely computerize our company, but we got to start now. Thus, we did. It took longer than 10 years. I think it took about 13 years in total before we really began to get information. We got information at that time not through Internet; it didn’t exist yet. We got it through modems, telephone lines. That was rather difficult because sometimes the lines weren’t good, and we had to send and resend and resend until we got the information correctly. Anyway, it was a huge improvement over what we had before. Now, our great competitor in this was my father’s own company. We were competing with my father’s own company. This led to a disaster for him because his partners got jealous. I was not really doing my father’s business any damage whatsoever; they were 25 times larger than we were. We were relatively insignificant. But the partners didn’t like that, so they fired him. He was the son of the founder of the company and he never got over that, really. It was a terrible blow for him. We went on with Electra, and the large company did not computerize. When they did, they didn’t do it right and what they got was garbage in, garbage out. It produced big losses for them. Continued on Page 23
Jerome Bunde, Longtime resident of Wallace, Idaho--Husband, Dad, Grandpa, Great-Grandpa, Friend, Farmer, Miner, Lumberyard Expert, Penny- Stock Broker for Pennaluna, and Storyteller.
The Human Library of the
Silver Valley: Jerome Bunde by Julie Lilienkamp
Jerome Bunde, a 21year-old son of a North Dakota farmer, safe on the family Homestead, threw caution to the wind with two friends in 1955 and drove to Wallace, Idaho where they’d heard money was in mining. Bunde’s Aunt and Uncle owned a tavern called the Midway in the Silver Valley, known as one of the miners’ watering holes, so once the three took residence at the tavern’s back apartment, and with the help of Bunde’s Aunt and Uncle who knew nearly all the supers and mine bosses, all three farm boys found mining jobs within a week. The rest is history. Jerome Bunde’s Timeline *1934 Born in North Dakota—“Born in a hay stack and grew up on a milk stool” said Bunde. Father: Oscar Bunde--Norwegian and born in the Homestead home in North Dakota Mother: Ruth (Doud) Bunde—Scotch-Irish Siblings: 3-Brothers, 4-Sisters
*1934-1954 Farmers were caught up in the Marshall Plan of the 40s to help feed Japan and Europe, during the war. “Price of wheat went from $1.00 a bushel to $5.00 a Bushel, which made farmers quite wealthy--unless you were small like our Family. We found more land to lease to g row more crops, but we didn’t own enough acres to make much of a difference,” Bunde explains. “Big farmers were buying all the new equipment and buying up and farming more and more land.” Bunde continues, “After the war grain prices dropped drastically, which left lots of surplus, so Eisenhower put a plan into place to pay the farmers to not grow any [crops]. All these big farmers had to dowas go to the US Post Office every week and pick up their fat checks. My friends and I didn’t want any part of that so we decided to go for the gold.” *Nov-1955 On Thanksgiving evening, Bunde and two friends, two ages 21, the other age 22, decided to make good on their plan and started driving west to Wallace, Idaho for a new life, a new career. Continued on Page 16
Cementation is an underground mine contracting and engineering company, providing mine development and production services for clients throughout the world. We are focused on safety and committed to our ultimate goal of zero harm within our operations. Our Capabilities Include: Shaft Sinking Mine Development Raise Boring Mechanized Raising Engineering Underground Construction Contract Mining
www.cementation.com
Cementation USA Inc. Salt Lake City (Head Office) 10150 South Centennial Parkway, Suite 110, Sandy, Utah 84070 801.937.4120 | info@cementation.us
NEXT “It was raining like hell, practically a flood when we arrived in Wallace,” Bunde tells. “We followed the Missouri River, the Yellowstone River, the Clarkfork River, and the St. Regis River, in that order, and we were in awe of the beauty of the things we were seeing, until we came up and over Lookout Pass. As we started down the Coeur d’Alene River, we could hardly believe the thick grayness of the water, later finding out it was sewage and mine waste.” “Three names,” Bunde went on, “Kenny Cattanach—worked at Sunshine Mine (he knew lots of bosses in the mines and ran a tab at the Midway Tavern),Charlie Angel, Superintendent/Mine Foreman at Sunshine, and Blacky Day, Hiring Manager at the Sunshine Mine; Kenny recommended the three of us farm boys wrestle Blacky Day every day in Wallace until we get a job. After a week, Kenny told Charlie he had three farm boys from North Dakota needing jobs. The following Monday one of my friends got a job, Tuesday, the other, and by Wednesday, good ol’ Jerome had a job in the mines. We started work in December.” *1956 Married Anna Kirkwood. “I met Anna at the Sunshine Mine’s Christmas Party at the VFW in Silverton,” Bunde told with a smile and blew a kiss into the air or to Heaven. “We were married the following year. Now Anna has passed away and I got remarried recently to an old North Dakota High School acquaintance. Anna and I have four children, but you know that—you went to school with them in Wallace, didn’t you, Julie?”
Supplies, Equipment & Replacement parts for underground equipment Eleven Locations to Serve You: Osburn, Idaho (Main Office) ....(208) 752-1294 Absarokee, Montana ...............(406) 328-4900 Butte, Montana ......................(406) 723-5493 Big Timber, Montana...............(406) 932-5885 Troy, Montana ........................(406) 295-9944 Billings, Montana ....................(406) 259-9350 Battle Mountain, Nevada .........(775) 635-8888 Nucla, Colorado......................(970) 864-7952 Metaline, Washington .............(509) 446-2201 Juneau, Alaska .......................(907) 500-7970 Fairbanks, Alaska ...................(907) 374-3811
FH &
MINE SUPPLY, INC. 3300747-0930
www.fhmine.com
Bunde --Continued from Page 16 *1960 “The government purchased nearly all the silver available, approximately $2 Billion ounces, and by 1963 it was nearly all gone,” told Bunde. *1961 “Worked from 1955 to May 1961 at the Sunshine Mine, I started out as a helper then finally worked as an independent contractor miner, a Gypo miner. Silver market started to really pick up, prior to Government buy-out of silver, guaranteeing silver prices,” explains Bunde. “If you weren’t a lead- zinc producer during the war times, you’d pretty much call it good and shut down. As a Gypo, I was paid my pay plus my contracted bonus, and I got benefits.” *June 1961 to Jan. 1962 Worked at the Wallace Brokerage Company. . . “Pennaluna Penny Stock opened in 1926, now it’s Paulson Investment Company,” Bunde said. *1963 “Silver became a commodity and birthed the Trader at Merrill Lynch, with Robert Holder of Spokane, WA—who just recently passed away. Silver went from $.91/oz. to $2.70/oz. by 1964. That was a turning point for the Silver Valley. New production in all mines and old mines grew, shut down mines opened.”
*1962/3-68 “Worked at Wallace Lumber Co, now Wallace Building Supply, which Bergers now own. Back then then, Fred and Dorothy Kott key ran the place.” While at the lumber yard, Bunde met new friends, and became acquainted with most families living in the Silver Valley. After the Korean War, many came to Wallace—“especially Pine Creek,” said Bunde, from as far as the east coast. Gus Votolini, who was the personnel manager and hiring manager at the Hecla Mine counted on Bunde’s social gift and mining experience. After 2-3 days of visiting with “transients” who came mostly by train, Bunde would recommendgood fits for “tramp mining” to Votolini. Tramp Miners would stay no more than six months and move onto other locations, other jobs, other mines. Plus they cost the mine no benefits. He’d call Votolini after about three days and say, “Gotta good deck-hand for ya.” He said most were from Butte, MT. *1967 “Silver dropped to $1.67/oz.—so investors jumped on it and bought it up again.” *1968 “Silver was booming!” Continued on page 33
Serving Our Community Since 1895
~ Commercial Insurance ~
~ Business ~
Specializing in Mining & Logging Contractors
Property Liability Workmans Comp Bonding
Rossi Insurance Call us today!
(208) 752-1188 602 Bank Street Wallace, ID Licensed in ID • WA • MT
Photo by Jodie Roletto
When you want to discuss your accident and injury with a lawyer that speaks your language, call Starr Kelso.
Kelso Law Office
(208) 765-3260
Silver -- Latest Price & Chart for Silver (COMEX) End of Gold--Latest Price & Chart for CBOT Gold 100 oz. day Commodity Futures Price Quotes for Silver (COMEX) End of day Commodity Futures Price Quotes for Gold (COMEX) 2015 Read more: ww.nasdaq.com 2015-- Read more: www.nasdaq.com
Surrounding Impact-- By the Numbers: Economic Indicators for King County by Chris Mefford, President, CAI
King County’s economy continued to grow through Q2 2015. The county added 51,800 jobs from June 2014 to June 2015, with the greatest gains made in Professional and Business Services with 14,700 jobs. Trade, Transportation, and Utilities were close behind with 14,300 jobs. Construction employment increased by 8,700 jobs during the same period, while Manufacturing experienced the only decline, a loss of 800 jobs. The employed workforce in King County increased by 22% since 2004 while the state as a whole increased by 15% during the same period. Unemployment in King County dropped to 3.6% in Q2 and unemployment in the state dropped to 5.0%, approaching pre-recession lows. Inflation in the Seattle area (measured by the Consumer Price Index, or “CPI”) dropped 0.4% from June 2014 to June 2015. County-based taxable retail sales help capture household consumption and serve as a useful measure of economic change. King County taxable retail sales dropped to $12.1 billion in 2015 Q1, consistent with seasonal trends in previous years. Taxable retail sales in 2015 Q1 were the highest for Q1 to date, $1.1 billion higher than 2014 Q1. Driver’s license transfers serve as a valuable measure of migration into King County. From August 2014 to August 2015, license transfers increased by 858. There were 1,727 transfers from California, 525 transfers from Texas, and 405 transfers from Oregon. The home price index, as measured by the S&P/ Case-Shiller, increased 1.6% from June to July 2015, part of a seasonal uptick. The King County vacancy rate fell to 3.3% in August 2015.
Suzanne Dale Estey, President & CEO
Super Silver
Downtown Cd’A, Idaho (208) 667-8170 Sterling Silver & SemiPrecious Stone Jewelry ---------------------------* Earrings Gift * Rings * Chains Certificates * Pendants Available * Bracelets * Charms * Anklets * Toe Rings * Native American 414 Sherman Ave Coeur d’Alene, Idaho 83814 STOP IN TODAY
REMEMBERING OUR LOCAL LOGGERS & MINERS... AND HONORING OUR LOCAL VETERANS. WHITEMAN LUMBER, SUPPLYING TIMBER TO MINES FOR GROUND SUPPORT SINCE 1928...CALL TODAY!
Quality Timbers WH ITE MAN LU M B E R
877-682-4602 Cataldo, Idaho
bradcorkill@whitemanlumber.com www.whitemanlumber.com
3749417-0528
Honoring a US Navy Veteran
Edward “Ed” Hempel, Nuclear Propulsion Engineer By Julie Lilienkamp “After graduation, I had every intention to get into forestry, but couldn’t help wanting the pay of a miner. So, I got a job at the Galena Mine,” explains Ed Hempel, an Idaho native born in the Providence Hospital in Wallace, Idaho in 1953. Hempel’s father, who was raised in Rose Lake, Idaho, worked for the county in the Silver Valley before working and retiring from the US Postal Service in Wallace, and his mother worked as a county clerk. “My mom was a Blum, you remember Blum’s Flower Shop in Osburn?” Hempel asks. Of course, my mom went to work for Blum’s after I graduated from High School. Hempel continues with his reflection, “My grandmother owned the Ryan Hotel in Wallace, and my father and I took care of the boiler while I was in high school.” Hempel graduated from Wallace HS in 1971. “I got my draft notice a time later, while in Boot Camp, so I checked into the Navy. I signed up instantly. One year later, in 1972, the Sunshine Mine Disaster.” Hempel pauses to remember [lives lost]
Ed Hempel in the fire, then continues. “I then spent the next six years in Idaho Falls, at the National Reacting Station. Following that and getting most all my engineering, I left for Vallejo, California for six months.” Ed Hempel was a nuclear propulsion mechanic while in the Navy, under direction of Admiral Hyman Rickover, known as “Father of the Nuclear Navy,” who was instrumental in directing the development of the Nautilus, a submarine designed to run on battery during the day and diesel at night, submersed [Russian Harbor] where US “quiet” submarines could “strike first and strike fast.” The idea was to stay under the water against enemy detection, and it could maintain this position for hours. Continued on Page 28
Forestry Shortcourse offered in
Rathdrum Tuesday Evenings, Nov-Dec 2015
Many Idaho forest landowners desire a better understanding of how forests grow and how they can better manage their forest property to meet their goals. Furthermore, forest landowners are often required to demonstrate planned, active forest management to qualify for lower forestry property tax rates and costshare assistance for management activities such as thinning. This fall, a 6-session program, titled the Forestry Shortcourse, will help enrich forest landowners’ understanding of forest ecology, silviculture, forest health, wildlife habitat, and other forestry topics. In the process, participants are coached by natural resource professionals on how to develop a management plan for their forest. The Forestry Shortcourse will be held Tuesday evenings, 6:30 p.m. to 9:30 p.m., November 10th to December 15th, 2015, at the Rathdrum City Hall Meeting Room (8047 West Main St.). The session can accommodate up to 25 people. A $38.00 registration fee includes a large binder of forest stewardship resource materials, including a wooden USB flash drive with
over 120 extension publications. Those wishing to participate should pre-register by Tuesday, November 3rdat the University of Idaho Extension office in Kootenai County (Phone: 208-446-1680). The program is eligible for 7 Idaho Pesticide Recertification credits. For $250, teachers can also sign up for two University of Idaho credits for the program. If you have questions on the program, contact Chris Schnepf at 208-446-1680. The Forestry Shortcourse is an Idaho Forest Stewardship program, co-sponsored by University of Idaho Extension, the Idaho Department of Lands, and many other agencies and organizations. The program will also be held in Sandpoint on Wednesday mornings, June-July, 2016. Chris Schnepf | Area Extension Educator – ForestryBoundary, Bonner, Kootenai, and Benewah CountiesUniversity of Idaho Extension - Kootenai County Office 1808 North 3rd Street | Coeur d’Alene, ID 83814-3407 T 208.446.1680 F 208.446.1690 email: cschnepf@uidaho.edu http://www.uidaho.edu/extension/forestry
Spirit Lake, Idaho Lodge--Photo Courtesy of Jodie Roletto (2015)
Proudly SERVING MINES & We sell everything MINERS LOCALLY AND AROUND from “nuts to bolts” THE WORLD FOR OVER 40 YEARS! CALL US TODAY in mine supply FOR ALL YOUR MINING NEEDS. Assay Supplies Chain & Cable Drill Supplies Equipment Fasteners Hose & Accessories Lubrication Material Handling Pumps Pipe, Valves, & Fittings Ground Support Safety Supplies Tools Ventilation
Wallace, ID 208-556-1164
716 Bank Street Wallace, Idaho 83873 Sales@nwminesupply.com 3157404-0723
BOND Interview Continued from Page 13 Then they made bad decisions because they fired my dad. They eventually made bad decisions and they went broke. So, that left us standing, and we finally even managed to buy that company out. Imagine that. David Bond: It sounds like the Mexico version of the American dream. Stay Tuned for Part II of Bond’s Interview with Hugo Salinas. Watch for it in January’s edition of Mining & Exploration 2016.
We provide care in the comfort of your home: ♥ Skilled Nursing Visits ♥ Physical, Occupational & Speech Therapy ♥ Personal Care Assistance ♥ Lifeline Emergency Response Systems ♥ Home Health is covered 100% by traditional medicare
752-1019 3755276-0527
PO Box 869, Bonners Ferry, ID 83805
Overlooking Kellogg, Idaho Pre Smoke Stacks
BUNKER HILL MINE KELLOGG, IDAHO
Bunker Hill
By David Bond
Bunker Hill Mine Set to Ship Ore Concentrates
Kellogg, Idaho – History is about to (again) be made at the fabled Bunker Hill Mine in northern Idaho. After 30 years of silence, the mine, founded in 1885 in Kellogg, Idaho, is once again shipping ore.
But first, let us digress: Robert Dwayne Hopper was a scrappy and brilliant self-taught man, with an intellect the size of the philosophers of old and the modern likes of Bertrand Russell or longshoreman-scum-author Eric Hoffer. Hopper was born in 1939 in Flint, Michigan, and even growing up there he came to regard Idaho’s legendary Bunker Hill Mine as “that shining city on the hill.” He fled West upon graduating from high school to seek surcease from the industrial trappings of the automotive industry. When the bankrupt Bunker Hill mine came up on the auctioneer’s block in the early 1990s, Hopper, who had graduated to logging, mining, scrap-dealing and long-haul trucking in Alaska, Nevada and Washington, drove from Seattle to attend the auction, intending to buy some of its heavy equipment. Instead, he bought the whole Bunker Hill mine. “I could not believe that this shining city on the hill would be abandoned forever,” he told a reporter. And like all great philosophers, Hopper was at heart a dreamer and an optimist, and brutally, bluntly honest. He could just not accept that this great mine was destined for history’s dust-bin. He poured his energies into the place, sacrificing personal comfort to keep a payroll of care-and-maintenance employees.
Savage attacks from the Environmental Protection Agency and some Spokane-based environmentalist pressure groups did not deter him. He fought back with considerable fury, and prevailed in federal court every time. Robert Hopper died at age 71 in January 2011, leaving the mine to his three sons – Tom, Tim and Bob Jr. He spent his last years in physical agony, due to a series of logging and driving mishaps. He never talked about the pain he was in. Over the course of nearly 30 years Robert Sr. reha bilitated the mine’s workings and eked out a small living selling rare pyromorphite crystals unique to Bunker Hill to collectors. A sampling of those crystals is cached on display in the Smithsonian Institution’s museum. His sons stepped into the breech, and this summer completed the modest concentrator their father had commenced building in the two years before he died. A concentrator crushes and grinds ore fetched from underground, then sends the powdery substance into a chemical flotation bath which separates mineral- rich components from waste rock. The pulverized waste rock is pumped back under ground to fill mined-out areas. The mineral-rich concentrate is then dried and bagged for shipping to a refinery. In early August, The New Bunker Hill Mining Co. signed an agreement with a concentrate broker to produce the silver- and lead-rich material, and later that month shipped its first 110 tons at a grade of 73 percent lead and 41 ounces per ton of silver. Bob Hopper, Jr., 52, who now oversees operations at Bunker Hill, told The Expert Business Journal that he is proud to see the task his father worked so hard on come to fruition. “Things are looking well,” Hopper said. “We’re running two 10-hour crews, and expect to go up to a 24-hour-per-day operation. We have 4,000 tons of zinc on the deck. We’ve got plenty of ore and plenty of feed.
We’re bankable.” A mine plan is underway to develop not only the huge Quill Ore Zone zinc deposit but also various tetrahedrite veins, all of which were opened up by previous owners dating back to the infamous Gulf Resources & Chemical Corporation but never put in to full production. “My father saved this mine. I would love to have this mine as a blue-collar mine and and the people paid well. I want everybody here to have the best job in the Silver Valley. This mine can run another 150 years. If we can live within those principles I will consider my father’s legacy done.”
Kellogg Museum, Kellogg Idaho and Bunker Hill Mine Photos by Jodie Roletto
KELLOGG, IDAHO Now (Summer 2015)
View from Shoshone Medical Center of Silver Mountain Resort
Hempel--Continued from Page 21 This became known as the way to win a war. The test site during World War II was Farragut Naval Training Station, Pend Oreille Lake, Athol, Idaho, which is still a testing station today, for “silent” testing. “I describe being in a submarine, 30 feet in diameter and 298 feet long, as similar to being 3700 feet down in the Galena Mine, just cleaner,” Hempel smiles and continues. “I went from nuclear to ‘fleet,’ allowing me to skip submarine school. I was on the same ship for 4-1/2 years, from the time of construction till the first major overhaul in Bremerton, WA, at which point I was discharged. That was 1978.” “You know, hindsight is 20/20, and when I look back on the service in the Navy and my years on the submarine, I gotta say, I hated it then, but I sure had a good time—and am grateful to this day to have missed the draft of the Army by signing on for the Navy.” Hempel continues, “PRIDE runs deep, was our [Navy boys] slogan, something Chevrolet stole from the Navy. Working in the engine room, unlike the front of the submarine which housed the cooks, torpedo men and weapon guys, was like Disneyland.”
Hempel was also trained in thermal, refrigeration, and air conditioning while in the Navy, giving him the tools to find variety of jobs or a career once out of the service. He worked in a shipyard immediately out of the service, but with little to no time between, he moved to Boise, joined up in business with a friend, and they opened a thermal and refrigeration business. He was in his early twenties at the time, and Hempel has been in the thermal business ever since. Now Hempel works in Spokane, Washington for Thermal Supply Inc. To visit with Ed Hempel, share a story, or just shake his hand to thank him for his service in the US Navy, stop in: THERMAL SUPPLY INC. 4124 E Main Spokane, WA 99202 Thanks to the Post Falls, ID Public Library for a beautiful, quiet, and private room for interview.
Post Falls,Idaho Fall 2015
FIRE EXTINGUISHER
SALES - SERVICE - TRAINING FIRE SUPPRESSION SYSTEMS Oregon - Idaho - Washington
Spokane Valley, WA 2015
Call Today! 509.535.7794 www.oxarc.com Serving Idaho and Montana for over 25 Years!
ri 7:30-5:00 Store Hours: Mon-F Sat 8:00 - 4:00
Closed Sunday
WWW.BADGERBUILDING.COM
LUMBER * ROOFING * DECKING * RAILING * POLE BUILDINGS Post Falls Idaho 2813 E Seltice Way
(208) 773-1848
Sagle Idaho
Kalispell, Montana
260 Chevy St
2930 Hwy 2 East
(208) 263-0253
(406) 755-3820
Bonners Ferry Idaho 34 Swift Lane
(208) 267-0002
Whitetail Buck US FOREST SERVICE NEAR MISSOULA, MT -- Summer 2015
Photo Courtesy of Julie Lilienkamp
Long Black Veil
July 22, 2015 at 9:24am By Jeff A. Galbreath, Miner
Ten years ago on a cold dark night, A man killed ‘neath the town hall light. There were few at the scene and they all did agree That the man who ran looked a lot like me. Well, the judge said, “Son what is your alibi ? If you were somewhere else, then you won’t have to die.” I spoke not a word, though it meant my life, I had been in the arms of my best friend’s wife. She walks these hills in a long black veil. She visits my grave where the night winds wail. Nobody knows, nobody sees, Nobody knows but me. Well, the scaffold is high and eternity’s near She stood in the crowd and shed not a tear. But sometimes at night when the cold winds moan In a long black veil, Lord, she cries all o’er my bones. She walks these hills in a long black veil. And visits my grave when the night winds wail. Nobody knows, nobody sees, Nobody knows but me. Nobody knows, nobody sees. Nobody knows but me.
T
en years ago on a cold dark night, A man killed ‘neath the town hall light. There were few at the scene and they all did agree That the man who ran looked a lot like me. Well, the judge said, “Son what is your alibi? If you were somewhere else, then you won’t have to die.” I spoke not a word, though it meant my life, I had been in the arms of my best friend’s wife. She walks these hills in a long black veil. She visits my grave where the night winds wail. Nobody knows, nobody sees, Nobody knows but me. Well, the scaffold is high and eternity’s near She stood in the crowd and shed not a tear. But sometimes at night when the cold winds moan In a long black veil, Lord, she cries all o’er my bones. She walks these hills in a long black veil. And visits my grave when the night winds wail. Nobody knows, nobody sees, Nobody knows but me. Nobody knows, nobody sees, Nobody knows but me.
Invest in Precious Metals today . . .
A Juxtaposition: Miner in City Spokane Riverfront Park, WA
For Immediate Release:
NFS will mail you a letter outlining your account going Pennaluna (PennTrade) The est.1926-Penny forward. You will be able to sell your securities, liquidate Stock Company is now doing business as or transfer to another firm. You will receive statements Paulson Investment Company. “We are currently transitioning our website to a new direct from NFS. NFS is providing the toll free number 1-800-801-9942 to call in any sale orders and you will broker dealer, Paulson Investment as well as a new clearing firm, RBC Capital Markets. We anticipate our contact them directly as of 10-6-15, have your “LT6” account number available. new site will be back up by January 2016. Updated PENNTRADE CUSTOMER SERVICE: information on the new site status will be posted here. help@penntrade.com 1-800-953-2860 If you have electronic documents and you need a Hours: 7:00 a.m. to 2:00 p.m. (Pacific) M-F copy of your September statement, please email us help@penntrade.com. YOU CAN MOVE YOUR ACCOUNT to PAULSON IF YOU HAVE AN ACCOUNT through PENNTRADE INVESTMENT who has hired our registered reps and is your account is NOW being serviced by your clearing firm, licensing our proprietary trading technology. Many of you NATIONAL FINANCIAL SERVICES. have been dealing with our brokers over the years. They all You will contact National Financial Services (NFS) have 20+ years experience trading mining securities. You can directly and any account documentation needs to be sent trade your Canadian securities through Paulson Investment, direct to them as follows: through a broker account now and in the future through the 1-800-801-9942 8:30 a.m. to 5:00 p.m. (Eastern) online platform, when the transition to RBC Clearing is M-F. For International calling, please click here for the complete. appropriate phone number. Transfer out fee from NFS is $40 for non-IRA National Financial Services, LLC accounts and $130 for IRA accounts.
100 Crosby Parkway Mailzone: KC1MO Covington, KY 41015
Timothy Major
John Worrell
Stan Covey
Paulson Investment Paulson Investment Paulson Investment tmajor@paulsoninvestment.com jworrell@paulsoninvestment.com scovey@paulsoninvestment.com”
1-800-535-5329
and uncertainties that could cause actual results to differ materially from those presented. Factors that could cause results to differ materially include whether the Company is to regain compliance with certain continued listing standards by December 31, 2015 and December 31, 2016, whether the Company is able to make sufficient progress consistent with the compliance plan during the plan period, the possible delisting of the Company’s common stock if the Company is unable to achieve compliance or make sufficient progress in the time allowed, the potential negative effects on the Company’s stock price and access to sources of equity and debt financing if the Company were delisted from the NYSE MKT, the Company’s current financial condition and whether the Company is able to obtain sufficient funding to continue its business and its NYSE MKT continued listing standard compliance efforts, delays in and increases in the cost of completing work related to the Record of Decision, final Environmental Impact Statement and 404 permit, whether external financing for the Company’s business can be obtained on acceptable terms or at all; continued disputes regarding claim ownership and rights in the Montanore Project area, changes in interpretation of geological information, whether additional permitting may be required at Montanore in the future; the results of delineation drilling and feasibility studies; continued decreases and future fluctuations in silver, gold and copper prices; and world economic conditions. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company’s Form 10-K for the year ended December 31, 2014
PRESS RELEASE 15-13 MINES MANAGEMENT’S COMPLIANCE PLAN APPROVED AND EXTENDED BY NYSE MKT Spokane, Washington -- October 27, 2015 – MINES MANAGEMENT, INC. (NYSE-MARKET: “MGN”, TSX: “MGT”)(also the “Company”) has received notification from the NYSE MKT (the “Exchange”) stating that, in accordance with Section 1009 of the Company Guide, the Company has made a reasonable demonstration of its ability to regain compliance with Section 1003(a)(iv) of the NYSE MKT Company Guide (the “Company Guide”) by the end of the revised plan period, which the Exchange has determined to be December 31, 2015. As disclosed previously, the Company was granted until December 31, 2016 to regain compliance with the equity standards set forth in Sections 1003(a)(i-iv) of the Company Guide. The Company is not in compliance with the continued listing standards of the Exchange and its listing on the Exchange is currently being continued pursuant to an extension. ABOUT MINES MANAGEMENT Mines Management, Inc. is engaged in the business of exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company’s primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project, which deposit contains mineralized material of approximately 81.5 million tons with average grades of 2.04 ounces silver per ton and 0.74% copper in two mineralized zones. Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws including comments regarding the Company’s compliance plan to remain listed on the NYSE MKT, and the extensions until December 31, 2015 and December 31, 2016 for the Company to regain compliance with certain NYSE MKT continued listing standards. Investors are cautioned that forward looking statements are inherently uncertain and involve risks
Contact: Douglas D. Dobbs, President Mines Management, Inc. 905 West Riverside Ave Ste 311 Spokane, WA 99201 Phone: 509-838-6050 Fax: 509-838-0486
Email: info@minesmanagement.com Web: www.minesmanagement.com
Bunde--Continued from page 17
*1968 (still) Canyon Silver Mine “the Old Formosa” up by the Gem Mills in Burke Canyon, had been closed for years, but Bill Morrow saw money signs. He had known Bunde and watched his interactions through the years, as he was local auto mechanic working near the lumber yard, listening to Bunde’s stories. Morrow sold two of his choice Cadillacs for the mine, and then he asked Bunde to help scope out the mine and get it up and running. So, Bunde spent days working at the lumber yard and evenings working the mine for Morrow. Morrow knew the ropes a bit, as he had incorporated and asked the public for [Stock purchase] money to raise enough cash to finance and open the mine. Within no time at all, within the first cave, Bunde noticed an old 5” vein, he said the old-timers worked. “The fault was on a 45 degree, so we decided to dig in that wall, about 50 feet in to offset the dip.” Bunde exclaims, “We took a pick and rolled out a 15 pound high ore body. Ten cent stock values then skyrocketed to thirty cents a share. Morrow soon had his cash, a whoppin’ $300K to be exact.” Bunde smiled. “We started mining with jackhammers doing upsidedown mining. We bought up the old equipment from the Page Mine. We sunk down and followed the vein about 15-20 feet, which notoriously filled with water. That’s when we made a joint decision to sink the shaft to get under the ore body. So we did. We sunk the shaft from 120 feet to 220 feet, then drifted on the vein until we hit a kidney. We his an 8-foot wide, high-grade, lead and silver ore piece. It sparkled like a house-of-mirrors! It was two ounces of silver to the percent of lead. A keeper.” Bunde quit his job at the lumber mill to work the mine after that strike of silver. The mine continued progressing until 1972, the year of the devastating Sunshine Mine Fire and Disaster. Miners to remember: All Sunshine Miners who lost their lives in the fire and/or trying to rescue those who were in emanate danger. Remembering too, said Bunde, “Kenny Prichard, who was instrumental in re-opening the mine with Jim Striker and Pete Bato, lost his life one night while working with Dick Eikenger on sinking the new 220 foot shaft to 400 feet.” Bunde went on to explain the accident, “They had just blasted and were resetting the ‘battleship’. The two had hooked the chain to move
the timber platform, which was a 20 foot cable with chains and four hooks. They accidentally hooked a rail near the shaft, which swung around and knocked Kenny down into the 400 foot shaft. Kenny died that night.” Bunde took a minute remembering before he could speak again. *1972 The 1972 fire at Sunshine brought new safety from state and federal government. MSAH and OSHA . That was a down time for the smaller, unsafe mines. Many shut down, as they were not up to code and the owners/stockholders did not want to go to the expense to upgrade, some could never meet code, and any without a second escape route were immediately shut down. “We went on to shut the Canyon too, but prior, Bill Morrow and Leo Miller were preparing to reset a new water pump in the shaft, which was now at 800 feet,” tells Bunde., “with 440 power running to it—Mark Fowler or Roland Morrow was the hoistman that night. Now if the pump is wired wrong, the electricity works backwards. Just as they got it set up, with Leo by the pump, Bill told Leo he’d go flip the switch, with both men waist deep in water. Bill walked on over to the controls and Leo said later, when nothing happened he looked over and saw Morrow floating face down in the water.” “I lost many friends in the mines, three from Minnesota, Wayne Alan, Kenny Prichard, and Arnold Anderson, and Lester Olson, who was from North Dakota,” continues Bunde. “I was done with mining and thanks to Jack Hull and Boyd Baker, I got hired in construction. I stayed in construction until 1977. *1977 Agent Broker-“I got my license and worked for Pennaluna in Kellogg, Idaho—the main office was in Wallace, and they had another in Cd’A and one in Spokane,” said Bunde. “My time being a broker was eye opening. I really got to know the ins and outs of the mines and goings on”. But that can be told another day. More about Jerome Bunde in our next edition, or for those of you in the Silver Valley—stop him on the street to ask more about “The rest of the story.” Veterans Affairs
www.dva.wa.gov
For Veteran help, “Serving Those Who Served” with Post-Traumatic Stress, possible brain injury, or counseling, please reach out to Scott Bloom, Program Specialist (360)485-2705 email: Scottb@dva.wa.gov
N I K P M U P OUP OUR Y S M S R Y A A W D I O L T HO
INGREDIENTS:
• 2tablespoons butter • 1onion, diced • 2carrots, peeled and diced • 1apple, peeled and diced • 2cups fresh pumpkin (roasted and diced, see note below) • 1tablespoon sage leaf • 3cups chicken stock • 1cup cream • salt & freshly ground black pepper
Soup by Kerry Simon Photo by Sharon Chen
DIRECTIONS:
1. In a stockpot over medium heat, melt butter and saute onion, carrot, apple, roasted pumpkin, and sage until all are tender, about 8 to 10 minutes. 2. Puree the mixture in a food mill; if you do not have a food mill, then puree in a food processor or blender. Return the puree to the stockpot, add the chicken stock and simmer for 15 minutes. 3. Then add the cream and simmer for 5 more minutes, lowering the heat if necessary so it does not boil. Season, to taste, with salt and pepper. 4. Divide soup among 4 soup bowls and serve immediately. 5. COOKS NOTE: To roast pumpkin, preheat oven to 400 degrees F. Cut whole pumpkin in half and then cut each half into several pieces. Discard seeds or reserve for another use. Place pumpkin on a baking sheet, drizzle with olive oil, and season with salt and pepper. Roast in oven until tender but not falling apart, about 30 to 40 minutes. Let cool, peel away skin, and dice.
http://www.food.com/
Support HARVEST &TIMBER MANAGEMENT
CATALDO, IDAHO WETLANDS 2015
Near Missoula Montana, Summer 2015
area, Mountain Plating’s business took off. Seeing a need, they finally added hard chrome plating. Because it is a very specialized trade, theirs was the first in Idaho to offer such a service. The next closest is Eastern Montana. “At the time, when we were putting the plating system in, we also added onto our shop, bringing in more machining capabilities and chrome plating—all under one roof. We have discovered that hard chrome plating is used more places than ever,” Masterson said. “Hard chrome plating, also referred to as engineered plating, is used to reduce friction, add wear resistance, and increase corrosion resistance.” Mountain Plating has since expanded their market area for hydraulic services to include companies all throughout Idaho, Washington, and Montana, and their services are utilized nationwide. Mountain Plating is committed to providing the highest quality and service in the industry, at a competitive price, from small and large hydraulic cylinders, to single. As well as, production plating on all size and shapes of metal parts. There isn’t a size they cannot handle. Roughly 80% of Mountain Plating business comes from outside of St. Maries, or Benewah County, and while their local customers are their core clientele, growth into the mining community and others, has helped grow their business. Some of the more specific orders are for: • Industrial hard chrome • Non-decorative chrome • Print rolls/wear chrome • Plates for mining, agriculture, construction, lumber mills . . . Mountain Plating services hydraulic repair facilities, machine shops, mines, lumber and plywood mills, equipment dealers, printing/ publishing companies, manufacturers, food processors, agriculture, and many other businesses.
Made in USA: Industrial Hard Chrome & Hydraulic Cylinders
N
orth Idaho Metal Works Inc. dba Mountain Plating established in 1997, founded by Donny Masterson. “We saw the need for providing services to the local area in heavy fabrication and machine shop services to local loggers,” Masterson explains. “And I wanted to bring an industry to St. Maries, where I have lived most of my life. I am proud to say we employ many full-time employees, including my wife Lynn, son Josh, and son-in-law Tim Bayett, along with a few part-time. They are all long-time employees because we like to treat our employees like family. I consider our business a good functional family,” continues Masterson. Mountain Plating started with hydraulic cylinder repair and originally outsourced rods, to get re-chromed. With a multitude of businesses using hydraulics in the
If you would like more information, call (208) 245-7104. Mountain Plating offers pick up two days a week, in CdA, Idaho, Spokane County—most areas, and the Silver Valley.
www.mountainplating.com
Griffin Publishing is a commercial
printer that is large enough to handle prepress through fulfillment yet small enough to give your printing projects the personal attention they deserve.
“Our mission is to provide top-of-the-line customer service for a wide variety of professional printing needs.” * Flyers *Postcards *Magazines *Newsletters *Newspapers *Booklets *Programs *Direct Mailers, and many more products . . .
Griffin Publishing Inc. has been operating in Spokane since 2001. The Griffins’ have thirty-one Call Us Today. combined years’ experience in the commercial printing industry and have been putting that experience to work by producing quality AUTO CLIPPER & COUPON CLIPPER publictions at affordable pricing. www.griffinpublishinginc.com
Spokane WA • (509) 534-3625
Tip Top Tarps Inc. 7704 N Aqua Cir Ste A Dalton Gardens, ID 83815
Phone: (208) 772-7770 Hours: 7:30 am - 4:00 pm
Call or Stop in Today . . . Easy in and Easy Out Access!
Tarps Made in the USA
Call: (509) 921-5473
Alzheimer’s Memory Care Center
A Sarff Family Company since 1985
This Holiday
Season SUPPORT YOUR LOCAL ALZHEIMER FOUNDATION
The Walk to End Alzheimer’s is the world’s largest event to raise awareness and funds for alzheimer’s care, support and research. Held annually in more than 600 communities nationwide, the recent North Idaho Walk to End Alzheimer’s raised $52,000. Dennis Wheeler, former Coeur d’Alene Mines President and CEO, is willing to match any donor’s contributions to the Alzheimer’s Association up to $12,000. Anyone wanting to donate can still contribute through Dec. 31. Since Wheeler’s wife Jackie was diagnosed and living through the disease, he finds this a cause close to his heart. Wheeler said, “It ought to be easy for our region to raise $100,000 for Alzheimer’s and he’s hoping his challenge, along with donations will help reach that goal. Wheeler also said he hopes more people become aware of how significant of an issue Alzheimer’s is. Funds that are donated to the Alzheimer’s Association help facilitate free programming and services for families struggling under the weight of dementia. The association is the world’s leading voluntary health organization in Alzheimer’s care, support and research with a mission to eradicate Alzheimer’s through the advancement of research while providing education, care and support to all affected and reducing the risk of dementia by promoting brain health (cdapress.com) Step up to Dennis’ challenge by contacting Christo at (208) 666-2996 or pj.Christo@alz.org, or stop by the Inland Northwest Chapter of the Alzheimer’s Association at 1042 W. Mill Ave, Suite 101B in Coeur d’Alene 83814
www.alz.org/inlandnorthwest
RESULTS DRIVEN High Recovery Rate Unmatched Safety Standards Rigorous Training Cost Effective Maximum Logistical Efficiency Flexibility & Diversity
CAREERS . . .
3287311-0930
Montana Tech School of Mines & Engineering
The School of Mines & Engineering traces its history back to 1896 when the Montana State School of Mines was established. Today, the college is comprised of Mining Engineering, Electrical Engineering, Geological Engineering, Metallurgical & Materials Engineering, Safety, Health, & Industrial Hygiene, Environmental Engineering, Geophysical Engineering, General Engineering, and Petroleum Engineering. Both bachelor’s and master’s degrees are granted in all programs in the School of Mines and Engineering. The engineering programs are accredited by the Engineering Accreditation Commission of the Accreditation Board for Engineering and Technology (EAC/ABET). The Industrial Hygiene degree is accredited by the RAC of ABET. The college prides itself in preparing engineers and scientists for immediate professional practice and in giving them the skills and knowledge needed to solve the problems of tomorrow. The School of Mines has alumni making an impact across the nation and the world. Supporting the Mining industry for over 100 years Photos by Lisa Wareham Photography
www.mtech.edu | 1-800-445-8324
Member Profile:
Q&A with Renton Technical College’s Kevin McCarthy Renton Technical College (RTC) offers training, re-training and career paths for those who seek marketable job skills or to upgrade current skill sets. Specialized programs allow students, with or without high school credentials, to enter at numerous times, progress in accordance with individual aptitudes, and complete low-cost training to make job entry and success possible. Now that he’s settled into his new role, we had a chance to chat with RTC’s President Kevin McCarthy about the College and its role in economic development. EDC: How long have you been operating in King County? KM: Renton Technical College was founded in 1941 as a war production school. Throughout World War II, RTC provided customized pre-employment training and job upgrading/retraining. After the war, RTC became a state funded vocational school with the mission of assisting industry in converting from a war time to a peace time economy. For the next 20 years, RTC conducted a large number of retraining classes and a small number of high quality training programs. EDC: What type of training does RTC specialize in? KM: RTC offers one bachelor of applied science degree, 53 associate degrees, 29 apprenticeships, and 90 certificate programs. In addition, we provide adult basic education and English as a second language courses. Our main campus is centrally located in the Renton highlands, with multiple satellites throughout King County and South King County. EDC: How does RTC differentiate itself from other technical colleges? KM: RTC is the only technical college located in South King County. The College offers a wide and diverse range of programs and operates the second largest basic studies program in the state. In September 2014, RTC was named one of the Top 10 community colleges in the nation by the Aspen Institute. Later that month, the College was recognized by Vice President Joe Biden as a leader in workforce education and apprenticeship during his visit to the campus. RTC’s cohort-based learnng model contributes to our high completion and job placement rates – the College has one of the highest completion (66%) and job placement rates (74% upon graduation) in the nation. In
June 2015, the Brookings Institute ranked RTC 13th in the nation among two-year colleges for value added in its “Beyond College Rankings” assessment. RTC is a known leader and innovator in higher education. Programmatic excellence, instructional design and comprehensive student support services drive student success. Programmatic excellence is achieved through integrated learning support strategies that include: I-BEST, Reading Apprenticeship and high quality, passionate faculty selected specifically for their knowledge and expertise in particular technical fields, and their experience working in a variety of industries. RTC has been a part of the Achieving the Dream network since 2006 and is one of two technical colleges in the state designated as an Achieving the Dream Leader College. EDC: Why did RTC join the EDC? KM: The mission of Renton Technical College is to prepare a diverse population for work, fulfilling the employment needs of individuals, business and industry. Economic development is an important part of our mission, and the EDC is an essential partner in helping us achieve that mission. EDC: Why is economic development important to RTC? KM: Paramount to RTC’s mission is fulfilling the employment needs of individuals, business and industry. Economic development is a reflection of a healthy community that RTC contributes directly to by providing a highly trained and qualified workforce, continuing the economic development of our county and the greater Puget Sound region. EDC: What education trends do you see coming this year? KM: There are a few trends we continue to see in higher education. The need for infusing career exploration earlier in a student’s educational experience and creating deliberate, guided pathways to degree and certificate programs are essential. Earlier career exploration and guided pathways for students demystify the college experience and ensure that students have selected programs that match their educational and professional goals sooner rather than later. We are also seeing a greater need to align curriculum and further our partnerships with K-12 institutions. EDC: Is there anything else you’d like to share? KM: In the 2016-17 academic year, Renton Technical College will be celebrating its 75th anniversary. We see this as an opportunity to further engage our campus, communities, alums, and partners.
(http://edc-seaking.org/)
SCC Technical Education
Featuring: Inland Northwest Aerospace Technology Center Spokane Community College’s Technical Education division offers a wealth of programs through the following departments:
Aerospace Composite Technician Applied Education Apprenticeship and Journeyman Training Avista/SCC Lineworker School Automotive Aviation Maintenance Biomedical Equipment Technician Cosmetology Electrical Maint. & Automation Electronics Engineering
Engineering and Architectural Heating, Ventilation, Air Conditioning and Refrigeration Heavy Equipment Hydraulic and Pneumatic Automation Technology Machining/CNC Technology Professional Truck Driver Training Public Safety - including Criminal Justice, Fire Science, and Telecommuni cations Officer Rural Aerospace Training - Located in Colville Welding and Fabrication
www.scc.spokane.edu/