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Show GOLD ROAD 111 PRODUCING RICH BARS FROM MILL There appears (a be soni doubt as to ths United State company making the deal for the field Koad mine in Arixona, in which Colonel Posy anl Clarence K. MeCornirk. formerly of this eity, are the principal owner. , A great deal of money ha been expended expend-ed on this property and an effort wae made several years ago to float the f v.ilinff in this. he owners proceeded to open up the property on an extensive scale and, in addition to blocking out gold ore which is said to represent several million dollar! dol-lar! ia values, the property has paid for ths development and installation of a large amount of equipment. A dis-. dis-. patch from prescott. Aria., ia to the ' effect tbst J. P. McConnell has come in from the mine with a bar of bullion weighing $18,500, "the result of the last eight dsvs cleanup of ths mill- Owing Ow-ing to lack of power soms of the re grinding machinery has been out of commission, but it is expected that he - 1 fore long' grraiigefnnls will be w.ae)r to gst all necessary power to drive every piece of machinery at the mill and mine. At the mine work is going on at a rapid rate, the drifts on the 500 and 700 levels being carried into new ground. The 5oO level has reached a point 600 feet east of the No. 3 shaft on the Billy Brvea and is said to be in the richest ore ever discovered in the property, samples running as high as 12.000 to the ton. Nona of this ore is milled, that part of the mine not baring ss yet been put in shape to end its output to the mill. On the 700 great ore has been opened la a new character of ground. The lower works east show the ground to be rapidly changing aad the values rnaniag ia material that has not here-' here-' tofore been considered ore bearing. The general impression now is that the French people have refused to accept the offer of the United States Smelting compear, and that there will be no sale anless the priee comes close to .5,000.-000 .5,000.-000 for -the property. The investment is now considered gilt edged by the European investors and it will take good hard eoia and plenty of it to secure se-cure the control of this great projierty. |