Show NEWHOUSE ON i CACTUS MINE Makes Plain That Property Is Isa Isa Isa a Big One and Tells of Future Plans Samuel Newhouse who reached home borne from the cast east Sunday night nigh stated yes yea 68 that notwithstanding the hammer hammerIng hammerIng Ing lug that Ne N Mines Smelters stock Is receiving Just now no the Cactus Latus l mines are bigger and better than hey hy ever were In this statement ho was wass s corroborated by Engineer M MM MM M 11 Johnson who declared that there was ver tons of ot ore oro that would ever aver average everage age Rge better than 2 per cent copper now In Insight insight sight ight while there was approximately as s much probable ore available to the present developed depth in the mine In n other words there is at the present time in ac actual actual actual ore in sight more than Ulan enough to run the mill mm for three years ears at the rate of 23 S SI I tons a month and counting the probable probable probable able ore or a six years supply down to the level Last year the ore treated In tho mill rom averaged 24 per cent copper wallo there was shipped tons of crude ore running 18 to 33 n per pel cent cop copper copper copper per Had all this ore been broken ait ad sent to tho the mill mm with the tho rest of the mines product the average would have been much higher than the estimate of the mines average given above But Mr Newhouse declined to stand for lor an esti estl nato inato based on such declaring that tha 20 i per POl cent copper was godo enough to figure on w when hen conditions were right min mining InS ing milling and selling copper The chief trouble has been explained Mr Ir Newhouse that we have hae tried to tomake tomake make snake the mill null do more moro work than it was wag capable of doing and do It well In conse conso consequence consequence quence quenco Manager Drummond decided to close down and make the necessary changes and at the same time prepare thi th mill for tho the handling of a larger tonnage I 1 im m orry that such a 1 necessary and timely move moe should be construed as ah an in infirmity infirmity of the tile mine when whan there Is absolutely absolutely absolUtely nothing to Justify such a conclusion sion On the level ore bodies rang ing In value from 3 to 4 I per cent copper are nrc being opened up while I am informed that rich ores are arc in evidence on eu several levels The Thc Cactus mine Is all right and It will come corne out all right The stock tock is badly battered now but it will come up again 8 ln never fear It is planned to extend the scope of the th Newhouse Mines Smelters corporation materially but the details have not been worked out to the point that Mr New Newhouse Newhouse house Is yet et ready to give the details However he states that the Fink smelting process will be bo taken hold of by the com corn company company pany and handled by it ft That means of course that the Newhouse Mines Ines Smelters corporation as its name implies will be ho made a great holding company not only for the Cactus mines and the Fink smelting business but for other mining propositions as well wall When the whole hole thing has been worked out Mr Newhouse declares that the present share shareholders shareholders holders will ill have nothing to complain of ofas ofas as 85 regards the value of their holdings We expect to begin making makini a run with the Fink smelt smelter r using oil for fuel to tomorrow tomorrow tomorrow morrow said Mr 11 Newhouse and I un nfl understand understand the mechanical features of the plant have hile been perfected to a point where it will be possible to make a sustained run the one thing that there seems to be he beso beso heso so much question about Before I left Ift the east John Hays Hars Ham Hammond Hammond Hammond mond who has taken the keenest kind of interest In the development of the process said that if it it was possible to make matte in tho furnace as he understood we were we able to do that we never neer need care whether er fr blister copper QuId uld be made or not that with the furnace a success in the making of matte we might consider that thai the th smelting word was ours Mechanical difficulties he declared amounted to noth nothing nothIng nothIng ing If the metallurgical principles worked Olt out If it tool took a year to perfect the me features of the process he felt that we to be satisfied Coming Corning from such a source the sentiments ex cx expressed expressed pressed were most appreciatively received by b me As we have made copper matte at will and of any an desired fineness to together together gether Kether with mth blister copper as well I have hae no no fear that we shall be able to make all allour allour allour our claims good and revolutionize the busi business business business ness of ot smelting |