Show live mining news from the coast united republic on exchange the morrison development company cutting station for deep mines important kay copper showing by will C higgins los angeles august 24 the united republic gold mining company of oatman ariz has been listed on the los angeles stock exchange and was most favorably received by the investing public the indications being that it will be an active and popular trader the company is capitalized at shares of a par value of 10 cents each and is assessable non of the capitalization shares have been set aside for treasury purposes such as mine development operation and equipment the balance being held by president P L paddy mullen and associates and is in under the direction of the arizona state corporation commission the united republic has been in course of extensive and systematic development during the past three years and thousands of feet of exploratory work has been accomplished during that time this work resulting in blocking out thousands of tons of commercial gold bearing ore sufficient in in amount to keep a good sized milling plant in successful operation for a year or two to come in addition to its oatman gold property the company is is developing a big lead silver mine eighteen miles out of kingman same state in the workings of which it is stated over tons of ore has been blocked out ready for extraction and the market morrison development company operations it is reported that work is progressing most satisfactorily boril toril y in the rejuvenation of the famous old mcdonald mine twelve miles out of patagonia in santa cruz county arizona owned by the morrison development company of which F albert morrison of los angeles is president mr morrison states that all details for the development and operation of company holdings hive have been worked out this work being under the direction of J R hubbard formerly field man for the american zinc lead company and at one time engineer and chemist for the florence ming ing company of goldfield nev the mcdonald mine mr morrison states is ing g the new main working shaft down to the foot level from om which depth an 80 foot crosscut cross cut is being run to get binder 0 o a body of ore exposed in the old incline shaft giving feet of backs on the dip of the vein from this old shaft haft in early day operations tons of ore was taken from the surface down to the foot level this ore at present market quotations it is stated would be worth 32 a ton in in its silver copper gold content or a total of it is is expected the crosscut cross cut will reach shipping ore by the middle of october the ore body opened from near the surface to the foot level in the old incline shaft is said to be thirty feet in width nine feet of which is of good shipping grade the balance of the vein constituting a good milling product running from 10 to 12 to the ton mr morrison and associates are enthusiastic over the future outlook for the mcdonald mine and believe it will soon take fake rank as a prolific and profitable producer station being cut for deep mines word has been received from goldfield nevada that the station being cut on the 2140 foot level of the big shaft of the goldfield deep mines company is about completed and that new pumping equipment is being installed it being the expectation that during the next few days an foot crosscut cross cut will be run out to open up the bodies of gold ore the existence of which at that depth is said to have been satisfactorily demonstrated by diamond drilling operations at the present time it is stated but little water is making in the shaft however when the crosscut cross cut reaches the ore channel an increased flow is anticipated this belief being fostered by the fact that the volume of water coming through the drill holes was quite heavy until these were plugged upon the suspension of drilling operations more than ever it is now believed that the deep mines is is on the mother lode of the district from which so many millions were taken from the workings of the goldfield consolidated dotso not so long ago this theory is strengthened by the fact that drilling operations by the deep mines lowered the water level in the goldfield consolidated nine feet while drilling was in progress since the holes were plugged it is stated the water in the consolidated has risen to almost the former level great showing in kay copper one of the most important ore showings in the history of the development of the kay copper mine in yavapai county arizona has recently been exposed at the 1350 foot horizon according to sidney norman of los angeles recently returned from an inspection of company holdings at this level in the performance of development work mr norman says while establishing a station and pocket thirteen feet of fine ore was discovered back of the hanging wall timbers proving the ore body to be twenty one feet in width thirteen feet of which averages per cent copper to the ton with five feet going 62 per cent there is a strong probability mr norman says that the ore body will extend into the side of the and that here in practically virgin ground another large tonnage of good commercial ore will be disclosed with further development three shifts are again employed on the 1050 foot level upon all headings in both the east and west ore bodies the former has been developed for a distance of feet feet of which has a width of fourteen feet and averaging 72 per cent in its copper content A survey of ore tonnage available is being made preparatory to mill installation the mine it is said never looked so well as it does at the present time |