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Show MORE GLOBE COPPER TOIAGEJEVELOPED Southwestern Miami Shows One Million Tons Ore Blocked Out. While in Boston during the week. President George F. Ruor. of. the Southwestern South-western Miami Development company gavo an interesting Interview on the condition and prospects of the organisation, organisa-tion, saying In part: "While wo have been gratly hindered by striking hard ground In our drlllins, with consequent delay and loss of tools, operations at iho Southwestern Miami have progressed very satisfactorily. "We have proved up some 1,000.000 I tons of comnlcrcial oro already in our holes along the Llvo Oak lino and havo at present three drills in operation, at. the No. I, No. 7 and No. 8 locations. Those holes a.re sinking In what Is regarded as productive territory and in the No. 7 holo some copper has already boon encountered. en-countered. "Tho strike in tho No. 7 hole Is a matter mat-ter of considerable Importance to tho company, Inasmuch as there Is a. stretch of S00 fcot between tho No. 7 holo and the holes In which copper was first encountered. en-countered. This stretch Is across the formation and upon tho trend of tho South Llvo Oak, whoro oro han Just been found In tho Hecond drill hole. It Is reasonable rea-sonable to suppose that ore will bo developed de-veloped nil tho way hero. "The South Live Oak strike In highly Important to Southwestern Miami as it la to South Llvo Oak. Inasmuch as St Is reasonable to flguro that oro of commercial com-mercial grado will bo found on tho com-panVs com-panVs Jando all tho way to the South I,lvo Oak. There 1h a body of granite overlvlng a portion of this tract, how-over, how-over, and wo do not look for copper here. , "Results have been so encouraging that wo are pushing our churn drilling at high pressure, and It Is possible that some diamond drilling may bo carried on. , "Tho company's finances aro in excellent excel-lent shape and at tho present rato of expenditure, ex-penditure, about 50000 monthly, we have cash on hand sufficient to last until 1014. The 1,000,000 tons of ore already developed devel-oped Is conservatively estimated to hav a greater valun than the valuation placed upon the entire property In tho market at prevailing prices." |