Show DISTRICT prospect prescott arizona it is the way of humanity to disregard rd nearby objects and to look only at the distant view this is the case with the thumb butte district we hear very little said about it in prescott yet here at our very doors is as promising a district as any in arizona in which one or two energetic men have been quietly developing mines that will shortly speak for themselves those who come and go on the railroad have noticed the works of a mine and mill a short distance northwest of town as the road rises the grade toward granite mountain this is the last chance mine and its ten stamp mill which in days gone by has given a good account of itself and is now about to do better the property is now being worked by mr E A haggott who is engaged in sinking a kofoot KO foot shaft and is putting the mill in order for a run on ore not far from the last chance is the property of the derby mining company organized and incorporated by geo U young formerly of the williams news it is a strong strona conservative company and a close corporation with no stock for sale A look over the I 1 ground shows the chief development to be in in two shafts and feet deep respectively the north shaft has a depth of feet on a four foot ledge edge of oxidized quartz which as says from sample 20 to 22 per ton three thousand feet south of this shaft another shaft has been sunk to a depth of loo feet on 0 n four feet of ledge matter with pay streak about two feet f e et wide of good sulphide sulpha le ore which has given assays essays running from 26 to to the ton at the foot of this shaft a crosscut ro has been driven for thirty feet across acro S 8 the ledge without finding any wall showing that the ledge is 19 widening with depth in i n a wonderful wondern dl manner this company is organized on a strong financial basis and mr young says that it is proposed to commence extensive work at once and he will begin by installing a stearn steam hoist which will be in working order in a few weeks mr young brought some specimens of his oxide ores to the prospect office today and they are the kind of ores that pay pa y dividends quartz and hematite of iron are the prevailing and the hematite is showings generously flecked with I 1 specks of gold |