Sierra County advocate. [volume] (Kingston, N.M.) 1884-1960, 1889-07-19

line are upon the eve OF consum-
nation in Lincoln, Socorro and
Santa Fe counties.
At Water Canon-Work on tha
Oro Fiao ia being pushed steadily
by Mr.. Arthur Radcliffe, one OF
the owners aud superintendent. A
large amount of work has already
been done on this valuable proper
ty which is destined to be great
mine. An incline shaft 146 feet
with drift 100 feet west. shows
six feet of free-milling quartz aver
aging $iI in gold and six ounces
silver per ton, mill run. The up
per drift has FIVE feet OF ore of the
same character. In all, nearly 600
feet OF work has been done in this
mine. and 500 tons of high grade
ore on the dump. Mr.. Radcliffe
has erected a home made, 1.stamp
mill, with which he reduces consid-
erable ore from this mine, realiz-
ing several dollars by the operation.
From about three hundred pounds
OF rock he recently secured fully
half an ounce in gold He is pre-
pairing to put in another stamp,
and in all probability will he abie
to almost pay expenses by running
few hours each day. Mr.. Rad
clitie panned out handful OF pulp
from the battery Of the mill in our
presence, which Contained large
amount of gold. Unquestionably
this property will reallze large
sum of money for its owners in the
near future, as thousands OF tons
are in sight.
The Boston Transcript OF the
llth inst. gives the following GEN.
cerning the Santa Fe Copper Co.
and it's mines at San Pedro
"The Santa Fe Copper Company
sold to-day to syndicate 5000 900
of Its first mortgage honds, the
proceeds Of which sale will be de-
voted TO procuring necessary ma
chinery to properly equip the
mine. thereby increasing its output
and greatly reducing the COZ. OF
production. The officers claim that
when the new machinery ia at work
copper can be mined at 81 cents
per pound laid down in New York.
The machinery hitherto in use has
been of the crudest description, and
he company has labored under
very serious disadvantages in con-
sequence but notwithstanding this
act, and the very heavy charges
or frsight from tie mines 10 Los
Cerrillos, the nearest railroad point,
he company has shown profit
,very month from the mining OPP
,ratIons.
"a railroad from the mines N
LOB Cerrillos is contemplated, and
ia expected that before the end
# the present season it will be
inished. This will very materially
heapen the cost of production The
'ro ceeds of to-day's sale of bonds
,lll pay the company's floating in
which was not large,
nd there will remain In the treas
nv for the future needs, 100000
q bonds, and approaching 100000
hares OF the stock. The sale to-
ay il said to have been very
ood one for the company and is
cry satisfactory to its officers.
"The reason that the June pro-
uct OF the Santa Fe mine was a
tile below the average monthly
utput was owing to breakdown.
nd the first two weeks OF the
lonth was spent in repairing one
{ the furnabes. In the last half
| the month both furnaces were
aiming.
"An official OF the Santa Fe mine
ates that the company Is at work
ting up and equipping the mine
+ cheap production, and that III
,out three months the company
poets to be able TO produce 600
$50 tons of 50 per cent matte
n month, which will yield about
Q. 900 pounds Of fue copper"