Show old mexico mining minin 9 news SaI santillo tIllo mexico november 3 by the completion of the san pedro de ocampo branch of the coahuila Coa huila zacatecas Zacate cas railway mining men say a new mining field which promises to he be one of the best in the republic will be opened few large companies have ever entered the concepcion mazapil mining district though a number of small mines have prospered and are still prospering the ore is of lead silver copper and almost all of it contains a percentage of gold the new road runs within six kilometres kilo metres of san pedro de ocampo and will reach the town in a few weeks by the entrance to this practically new mining district it is predicted that a boom will follow and many large companies will begin operations there there is much mining land besides the immediate district with which the line will communicate and much ore will be brought out of that country when developments are what it is expected they will be primarily the road was projected by the mazapil copper company the majority of whose members are also stockholders in the coahuila Coa huila zacatecas Zacate cas railway to handle better the output of the mazapil properties is the principal object of the promoters of the road what is said to be the largest slag pile in mexico is also in the territory tapped by the new road on account of inadequate transportation facilities it has never been feasible to extract the thousands of dollars worth of metal left in the pile by the spaniards generations ago the secretary de fomento during the second half of the fiscal year that ended june 30 last issued 1885 mining titles which covered an extension approximately of acres adding these figures to those of the first half we get titles covering an area of approximately acres the number of titles sued during the fiscal year 1901 1902 were and the area covered acres hence the movement of mining claims during the year 1902 1903 was superior to that of 1901 1902 an important deal has just been made by some new york and boston capitalists in mexico by the purchase of large tracts of mining property surrounding pedro alvara dos wonderful mine the palmilno Pal millo the american capitalists through their agents in mexico have come into possession of almost all the mining property in mhd im mediate vicinity of alvarados Alva rados mine some of the names of the men interested in the deal are john P jones former united states senator from nevada john K cowen formerly president and at present general counsel of the baltimore ohio railroad norman B reah chairman of the executive board of the pullman palace car company J pierpont pont morgan charles steele the Vander bilts the actors and several banking men of new york in speaking yesterday to john N bell wald representative of A leschen sons rope company of st louis mo he told me there was a great demand for wire rope tramways tram ways in mexico in connection with mining he secured several orders for wire rope tramways tram ways to be delivered in the states of chihuahua and coahuila Coa huila OSWALD GILBERT |