Show SIERRA MADRE TO I BEGIN DEVELOPMENT I The The- annual stockholders stockholders' meeting of tho the Sierra Madre Mad re Minin Mining company was hold in this city Thursday ni night ht in the tho offices of L. L C. C Murphy urphy D. D F. F Walker building Those present voted vote shares out of a total a-total total outstanding of The following board of directors di directors directors di di- rectors was elected Dr L. L L. L Gilbert J. J B B. Belcher Bobber L. L C. C Murphy Albert Swin ewood and aDd Harry S. S Harper Harpor The directors na named ed the following officers Dr L. L L. L Gilbert president and general mana manager er I. I L. L C. C Murphy furphy vice president Albert S treasurer treasurer Alex Hyslop secretary The report of off General Manager eT Gilbert Gilbert Gil bert was submitted to the stockholders ers and shows that in the year Tear work had been prosecuted on t the o Silver Gleam ode lode in a 3 contact between cen tho the and tho the silurian limo lime near the tho top of the moun mountain bin and that the tho vein vein had been opened in an incline This Thi vein vein t is the north continuation of Don Maguiro's l famous Eldorado ono one of the tho bi biggest gest silver load mines in the west and the tho Sierra Madro owns feet alon along its strike Two Iron Veins The Thc report further s shows ow that more work had been beon done in the main t tunnel tunnel tun tun- n. n nel on the east side sido of the mountain and that it had been extended ten ed Some work was done on two largo large iron veins tho the of which arc are prominent tho the iron being hematite assaying between between be be- tween 50 0 an and 60 per cent iron and furnishing fur an ideal fui The report further s abot that 1 alt all tho assessment work ha has haa bt been cn done on the tho nine nino conti contiguous claims the fhe company has l located Two of these claims are heavily timbered a valuable alu ble asset i M- M f self and with the expenditure of a littie litle lit lit- tie le more money money moner application for lor surveys for or patents will bo be made The fhe lower measures o of the Sierra Madro adro territory are arc in the gneiss and it itis itis its is s in the contacts of these rocks s and in iu inho tho ho lime quartzite contact that extends to o the top of the mountain that the mineral values s lie Iio In tho the jno gneiss great veins of diorite pierce the formation in ina ina a t and northwesterly di direction di di- and it is in these thC that Don Maguire Ma Ma- a. guire nire is fin finding jn the magnificent copper values that are aro about to make malee the Napoleon Xa- Xa n. n and and tho Santa Maria Important copper producers The first of these two properties has be been n equipped with an aerial tram and aDd the statement was t ma made e by General Mau Man a ager agor er Gilbert at the Sierra Madro meeting meet meet- in lug ing Thursday night night- that that- the Napoleon and Ma harn was as preparing to shoot down a large tonnage to the loot foot toot of the hill hilt that the ore will average a 30 per percent percent percent cent copper with good values value in silver and gold old and that a n shipment of tevera tev- tev era pral eral carloads is to be sent to the market market mar mar- ket leet at once Will Sell Soil Ores Soon The same conditions prevail l in the thA properties of the Sierra Madre but there has bas not been enough development work done in the infant property At a a. meeting J to bo be held beld f shortly a aplan aplan aplan plan wi will bo be outlined to raise additional capital and a af road will be built up to the two iron claims Tho Hot Springs smelter has offered to pay 5 a a. ton for this ore at the smelter and a profit profit- can cm bo be made on breaking down the iron and hauling it at this figure iL p. p |