Show ARIZONA the main shaft on the por perty of the hackenberry consolidated mining company at hackberry has reached a depth of feet and is to be carried to the 1000 level as rapidly as possible the shaft has been sent down on the vein and has opened some wonderful showings of ore the property is operated by G S holmes and associates the smith or genung springs property in hamlyn wash out from wickenburg Tic kenburg has been taken under lease by george R johnson jr and he has commenced an energetic campaign of development the mine is a producer of high grade wol ore together with a good tonnage of mill dirt ralph williams is in charge as foreman the group is owned by the arizona molybdenum company it is expected that the gold road mill at oatman Oa which has been leased to the gold ore mining company will commence operations on ore from the latter property about the end of the present month drifting in ore is continuing at the gold ore with the shoot on the proven to be ten feet wide of solid quartz and assaying above the 15 grade estimated by company en engineers 1 I A C werden is in charge as general manager reports from the property of the shat tuck arizona copper company at bisbee indicate that the companas comp anys new mill to treat its lead silver ores will be ready to go into commission early in may an earlier opening was planned but delayed equipment has prevented this the ore reserves ifor for this plant are estimated at more than tons from which a net profit of 4 a ton is expected L C shattuck of bisbee is general manager for the company at the recent annual meeting of stockholders of the united eastern mining company the old board of directors was reelected reports showed that the company realized a net profit of about in its first years operations exclusive of set aside for payment of the excess profits tax of this amount was disbursed in dividends nearly was used to pay off indebtedness and to lay in a large surplus stock of supplies and materials and a balance of over liquid assets was shown as of january this is a jackling Jacl ding property and is under the of J A burgess |