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Show NEW KEYSTONE HAS VERYGODOTDfflliGE Two Million Tons of Ore Now Blocked Out West of Inspiration. J. Parke Channlng, general manager of the MJaml Copper 'company, has submitted submit-ted a report of the New Keystone property prop-erty at Globo, which property lies to tho west of tho Inspiration group. This report re-port places the present ore reserves at 2V000,000 tons, tho average copper content of which Is 2,2Ti per cent. Tho group consists of 2-13 acres, on sixty-eight acres of which tho Bitrface indications point to tho underlying Pinal schist in which the copper tonnages of that district occur. During the year that ended June 1. 1911, the management did 6032 feet of development work, making a total of 14,-8C6 14,-8C6 feet lo that date. To the west of the New Keystone Is the Live Oak mine, where recent churn drill operations have demonstrated the existence of the ore, so a still more extended mineralization In the former Is a matter of apparently safo calculation. On December 31, 1910. the Now Keystone Key-stone treasury held 140.305 cash. Of the 600,000 shares, par valuo $5 each, 35S.174 shares are outstanding. The .company, therefore, has plenty of leeway for the day when Increased capitalization to provide pro-vide development and equipment funds arrives. |