Arizona weekly citizen., 1892-06-04
SPLENDID PROPERTY.
The Mammoth Gold Mine, -Limited-of London.
What M. P. Freeman, Cashier of the Arizona National Bank,
 Thinks oft.

Mir. M F. Freeman, Cashier ot the
 Arizona National Bank, has just re-
 turned from visit to the Mammoth
 mine, which he made with Capt, Johns
 ton, the general manager of the com>
 pany's properties. Mir. Freeman's we'll
 known conservatism and his long years
 of experience In the conduct, examIra-
 ton and handling of mines, beginning
 in Nevada thirty years ago, renders bis
 Judgment of value and gives weight to
 bis opinions. For this reason the CITIZEN
 took advantage of the opportunity to in ?.
 terview him CD his return. In reply to
 an inquiry as to what bis opinion of the
 Mammoth was, he said: "I have more
 than the ordinary interest in
 this property, that one us-
 uslly has where he owns none
 of the stock. In the summer of 1882 a
 friend of mine took a bond on this
 mine, on the condition that I would
 look after the work to be done under
 the bond. In doing this we expended
 some S8,0O0, and were then forced to
 relinquish the property for the reason
 that we realized that it was too large an
 undertaking for our financial capacity. We both had faith in 1t when we began
 work on tive quit work with this faith uudiminlshed. Since then, with
 in the ten years that have ella apsed, a great deal of work has been done. | Stnou1 hnictIn0 xunrlra mt Shofto and | winZes sunk, drifts and cross-cuts run, and an immense amount of ore stopped out. 1 have just now been all through the l mine and l can say to you In a general way that my faith has simply been re- newed. It is property of wonderful possibilities, backed up by an absolute | tangible value that is in sight. The 5000 tons of ore that are being sent to
 the mill every month scarcely make an | impression as compared with the
 amount still in sight.
 "The main shaft is down to the 5O0- | foot level, and from this a winze has been sunk to the 60C-:Cot level and from | this winZe a crosscut has been run to | determine the width and value of the l ore body at this point, and while I do | not feel at liberty to give figures, 1 will
 say that in my judgment the best evi- | dences of the permanency, value and extent of this mine are found at this, | the lowest point at which it is opened. "What the mine needs, however. is a l large milling plant, say, one hundred and fifty or two hundred stamps, right | at the mine; they nov have fifty stamps
 at the river three miles away"
 In reply to an inquiry as-to the grade of the ore Mir. Freeman said:
 "As to the ore being high grade de- pends upon the basis of comparison. If silver, it would be low-grade, but being gold, the percentage it carrIes makes it
 8 high-grsde. It is high-grade gold | ore in comparison with those other large gold mines, the Homesteak, Father de Smet and others in the Black Hills, and the Treadwel in Alaska, and is high
 grade in the profit 1t will re- alize when worked by a plant propor- tionate to its great quantity. Another important factor to be later taken into consideration is that as depth IS attaIned the percentage of silver within the ore gradually decreases till it almost disap- pears, thereby increasing the facility l with which the gold may be saved, and louering the percentage of loss.
 hope to soon to see a milling plant at the mine treating not less than ten tons per month. Till this is dons this pro perty will be receiving unfair treatment and it's owners doing themselves an in justice, while my own fatherly interest in it's welfare will be unsstisied.