Show NEW F EQUIPMENT development ETC MAKE UP LOS ANGELES MINING NEWS by will C higgins los angeles 6 J july uly 23 the gold ace mining company of this city G raymond boggs 6 general manager manager b operating two miles northwest of camarra Ca nye county nevada recently shipped machinery equipment for the installation stal lation of a ton daily capacity amalgamating Z plant and it is planned to have the mill in regular commission about september 1 on oil the dump at the and exposed in the mine aorl n corkings ings mr boggs says approximately tons of free milling gold ore is is exposed and available for mill treatment and the mill heads he stated will average 12 per ton in gold about 95 per cent of which is is recoverable in milling practice the magnitude and wonderful possibilities of company holdings according to mr boggs 6 are revealed in the fact that on the surface there exists a twelve foot blanket vein carrying values of about 50 in gold to the ton this ore can be economically mined by the quarrying method and a foot surf surface ace rail tram is designed to connect the deposit with the ore bins above the new mill there are 2500 feet of underground mine workings and the thirty foot ore body has been developed a distance of 1500 feet on its strike electrical power for mining and milling purposes will be supplied by the camarra marble company through the medium of two miles of transmission lines while water for all purposes will be conveyed through pipeline from the same source ample provision has been made for the company employees numbering about thirty five men the holdings of the company include include the july group on nine gold bearing claims milling equipment consists of ore crusher and ball mill for fine grinding the content of the pulp being recovered by amalgamation this is looked upon pon as being one of the most promising gold mining enterprises terp rises s in the southwest and is amply financed C A putman is s vice president of the company and ben S hunter is secretary and treasurer foster mines has big ore showing E D foster of los angeles consulting engineer and and art trustee estee for foster mines returning from a visit sit to 0 company holdings in shadow mountain district in san an bernardino county this state states that work per formed ormell in m mine line development has resulted in the unc uncovering 9 if 0 a large rge tonnage of copper gold ore until recently he I 1 sais the mine has low always been classed as a mammoth grade if schist chist copper proposition but that now the presence considerable su lerable high grade indicates that when the chal cleaone 7 one is ls reached estimated by engineers to be at about ta foot oot level will be foid foi enrichments enrich ments and replacements of nf L which will materially increase the future possibilities the property to block mine development ant a long tunnel has been started donth out olit additional or ore tonnages ton nages during the past few mr foster pad built to says 5 a truck r road has been conne with the e port portal alof of the tunnel and this unexpectedly has uncovered commercial ore for a distance of several hundred feet which includes occurrences of high grade black copper these disclosures lie he states virtually prove the existence of half a billion tons of marketable ore in the mountain area which can be handled by steam shovel or caving methods making it possible to produce copper at a cost per pound less than at some of the big copper producers of the southwest mr foster also reports making some important lead silver discoveries in his glory mine twelve miles east cast of shadow mountain this section he says contains many old and famous mines now being 6 worked again again b and many new ones developing which give evidence of merit united american financed the united american mining company of oatman arizona has been financed for the carrying Z on of an extensive and important campaign 11 of development and operation according to president and manager W K ridenour who was ivas a los angeles visitor last week at the present time he says grading is under way for foundations of the double drum hoisting works soon to be installed while arrangements zire are being perfected for the extension of a high tension power line to the collar of the working shaft the plant to be electrified throughput throughout it is planned mr ridenour says to repair the main shaft to the foot level and to continue sinking to a depth of 1100 feet from which horizon extensive lateral work will be performed for the purpose of prospecting and opening up at profound depth known bodies of commercial nier cial gold ore one of the chief of these he says is the toni tom reed P eed aztec from which much payable ore has already been mined by the tom reed mining company and which has been opened up tip to within thirty feet of the united american endline the holdings of the company according to ridenour are traversed their entire length 6 by three paralleling veins the torn tom reed aztec the middle vein and the south vein the latter being popularly known as the oatman eastern vein High Z grade ore it is claimed was uncovered in oatman E eastern astern a few months ago to within seventy five feet of the east endline of the united american and this valuable ore deposit will be one of the objectives of lateral work soon to be carried on by the last named company bodies of payable ore it is expected will also be uncovered in the middle vein in the performance of plans perfected for extensive mine development large ore tonnages ton nages have already been uncovered in mine workings down to the foot level repeal of corporate securities act of importance to the mining industry of the pacific coast is the fact that the subcommittee sub committee of the california state bar appointed to pass on the desirability of the repeal of the california corporate securities act after mature study and deliberation has voted to recommend to the state bar that this law be repealed and an ail act modeled after the colorado corporate law be substituted in its place the committee believes that the office of the Calif california orilia corporation commissioner should be retained with its efficient staff of deputies to collect evidence against fraudulent and improperly operated organizations and to cooperate with the offices of the attorney general and district attorneys in the suppression of vicious fakes and unsound stock schemes but that corporations be permitted as in new york to start without regul artory conditions and preliminary delays and investigations in other words honest business is not to be penalized because of frauds that might exist and do exist in every metropolitan center the committee admits the law is largely large impotent in its present form and it is believed that the state bar generally does not advocate the extension of the powers of the commissioner in the regulation of business the subcommittee committee sub is composed of E D foster of los angeles consulting attorney and economic geologist chairman fletcher kimball vice chairman ezra neff secretary and a number of informal members united republics new strike dispatches from bert gaylord superintendent of the century silver lead mine of the united republic gold mines company near kingman arizona are to the effect that a body of commercial ore five feet in width between walls has been uncovered in virgin ground feet out from the main working shaft further development of this ore body will be made under the new development gramme pro according to manager paddy L mullen who further states that this discovery is an important addition to the companas comp anys known ore reserves available for treatment by the ton daily capacity milling plant now in in course of construction |