Show southwestern MINING NEWS GATHERED IN LOS ANGELES TOWN by will C higgins los angeles april 25 big jim stockholders stockholder stock holde rs in anticipation of a duplication of profits when the company from the proceeds of operations at ait oatman arizona filled their pockets with the coin of the realm are now taking a lively interest in the fact thattie that the reorganized company has begun active work in the development and operation of its newly acquired property in santa cruz county same state the old abe lincoln mine with a production record of about down to the foot level and which is claimed to have an in ore exposed above that depth in the mine workings at the present time acting for forthe the big jim mines inc supt bupt J J peterson whose past connection with big arizona mines has caused him to be well and favorably known in mining circles is making a great showing in the rejuvenation of this old wealth producer he has already reopened the old shaft to the foot level established a station laid new mine tracks and made everything ready for economical operation superintendent peterson writes los angeles officials of the company that his first work will consist of the further development of the ore bodies of nos 1 and 3 ledges while drifts will be run to determine the width length and value of no 4 vein also due attention will be gives to no 1 ore shoot in which it is stated there is already a showing of ore estimated to contain practically blocked out and in sight the modern mill owned iby the company is being overhauled new equipment will be added and anait it is expected the plant will go into regular and successful commission in the near future prince consolidated letter in a circular letter issued a few days ago to ito the stock holders of the prince consolidated mining company operating near pioche nevada the statement was made that the water flow in ill the three compartment foot shaft has decreased to gallons per minute and is easily handled while stress was placed upon the fact that in all probability the shaft will be deepened another feet in the near future on the foot level work in the driving of cross cuts the ore has already been begun and it is stated thaon thatah 0 n the new level of the virginia louise itt it is anticipated tic ira ted an additional tons of ore will soon be added reserves of the mine baaba pays dividend the baaba mining milling corporation offos of has an geles W E little president and manager paid its initial dividend of one cent a share or on the of last illo month nth and it is expected that the company which maintains its office in los angeles will make regular similar disbursements bur hereafter mr little states that them run of the ithe ore at the mine averages about 20 in gold 6 per cent lead and 1 per cent in vanadium per ton and that a recovery of from 85 to go 90 per cent of the vanadium content of the ore is being made or about 20 pounds of 98 per cent pont oxide valued at from 12 to 14 per pound the mill concentrate is refined at the companas comp anys plant atthe at the mine the ore treated often runs as high as 5 per cent dinits in its vanadium content and mr little states that the ton milling plant will be arunto run to full capacity as soon as an increase is made in the water supply according to estimates made by engineers the company has tons of ore blocked out in its mine workings having in a valuation of approximately in its gold and vanadium content not taking into consideration the lead and silver values in the ore riga anestos company A great deal of interest is being taken at the present time in the success attending the development of the holdings of the riga anestos mining company whose property is located in the sierra anchas alchas mountains in gila county arizona above the roosevelt lam dam the company owns the well known cloane asbestos deposit which according to J H richardson of los angeles president of the company has been developed by tunnels to the extent that a sixteen inch strata of asbestos has been uncovered having a fiber leng length of from one fourth afan of an inch to two inches he further states a sufficient tonnage of the fiber bearing rock has been developed to justify the installation of a milling plant the machinery for which has already been purchased and will be delivered on the ground by the first of may the equipment consisting of a rock crusher fi bering machinery and screens it is expected when the plant goes into commission about may 15 that the output will be from six to seven tons of asbestos fiber daily this it is stated has a ready market at the following quotations low grade per ton no 2 grade one fourth to three fourth inches in length petton pet per ton no 1 grade three fourth to on one einch inch in length per ton and extra long fiber 50 cents a pound other officials of the company are H G willetts vice president nelson M seymoure secretary and treasurer and roy C mead consulting engineer all of los angeles copper glance in kay itis it is reported that copper coppe r glance ore has been found on oil the 1200 foot level of the kay copper corporation in the schist belt of yavapai county arizona the good news being sent in to the los angeles office of the company by ralph L healy general manager the strike it is said was made at a point feet south of the main west crosscut cross cut in ina a drift being driven along the of the east ore body this discovery disco is looked I 1 upon bythe by the management as being one of the most important factors featuring the development of the kay property it is the intention to prospect the new find at gre greater ater depth by diamond drilling methods agthe as the ore is believed to be deep seated and to exist in extensive deposits Mosque teros on velvet at the present time the Mosque teros mining Coni compa panY of el paso texas operating in chihuahua mexico 0 is shipping more than four carloads of heavy lead ore bre and the company expects to materially increase its weekly output inthe in the near future owing to this favorable condit 10 C F knotts president and general manager of the coin co pany is congratulating company officials and stockholders upon the fact that the mine is now u upon p on a profit making 1 basis the property of the company consisting of approximately acres is located twenty miles east of the great abul ahumada nada eruption lead mine at villa ahumada and a large tonnage of ore is said to be exposed in its workings assaying 25 per cent plus in its lead content together with some silver values the ore is shipped to the el paso smelter eight miles from the mine stock in the company is largely held in mexico el paso and los angeles gold dust fault the gold dust mines company of los angeles ing angat at oatman arizona has issued a letter to its stockholders in which attention ibn is called to the fact that in drifting and crosscutting cross cutting on the and foot levels of the mine mine a major fault movement inthe in the formation has been disclosed this discovery it is claimed will undoubtedly be a most important and favorable factoring fac factor torin in the further development of the mine and it is believed is indicative of great possibilities so sanguine is the management that this is the case the letter states that a corps of of capable mining engineers who are thoroughly familiar with the district have been called into consultation and these are now making an am exhaustive hau stive examination of the companas comp anys property and will soon report as to the condition of the mine and make recommendations as to its further development 0 with this data in hand the management will inaugurate an active campaign of development |