Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1892-01-06
100 Doses
One
NEW MEXTCO'SMINES,

The Deming Advance prints very
tiattering review Of the years work in the
mines OF southern Grant county.
The Cumberland group OF mines in
the Kingston district, have becn bonded
for large amount by Colorado Captalists,
pending investigation by a mining ex.
pert.
The copper smelter at Ansonia near
Silver City will be blown in this week.
There are about 800 tons Of ore in the
BINS at the smelter, and the mine is pro-
ducing thirty tons OF ore per day.
The Grant county man who announced
in cold type that "the report that CerriIlos
is to have smelter is premature" is
referred to the fact that $780, 900 of east
ern capital has been subscribed for such
an enterprise.
]. J. Shuler, president, and A. G,
Stockett, secretary, send out notices 10
the effect that the stockholders of the Vir
ginia Consolidated Mining company,
which owns extensive copper properties
in Coyote canon, Mora county, will meet
in annual session at Ration on the 27th
inst.
There is deposit OF magnetic oxides
within the boundary Of Lincoln county,
but in the Indian reserve, that is seventy
feet in thickness and exposed for over
5000 feet, accessible by wagon and close
to fine water and timber. The ores CON
tain Us per cent iron, .02 per cent nickel,
.Ol per cent copper, ,003 per cent sulphur
ic acid
The st. Helena Mining company, which
owns the st. Helena mine, at Central, has
been recognized with a capital OF $780,
600. The controlling interest in the COM
pany is owned by Chicago capitalists,
who agree to put up a mill and hoisting
works and continue the development of
the mine. The st. Helena company was
organized about year ago, but it never
raised money enough to build mill.
1t is reported that work will be re-
sumed on the Alpha and Omega mines
at Pinos Altos on large scale. These
mines were large producers last summer,
but nothing except development work
has been done on them for three or four
months. During that time immense
bodies OF silver bearing lead ore have
been opened in these mines, and con
siderable work has been done in mines
in the immediate neighborhood, in some
o, which large bodies of ore have been
struck.
Great bodies OF magnetic iron exist in
Lincoln county. These magnetic ores are
preferred for the production of first class
steel and castings and III injunction with
the vast specular iron ore deposits near
White Oaks are calculated to present an
inviting field to the capitalist These de-
posits are situated at the foot OF the west
side of the White mountains about forty
miles from White Oaks and extend about
three miles from north to south in sepa.
rate bodies of more or less extent.
The gross value of the ore output
shipped from the mines of Sierra county
in 1891 is estimated as follows: Hills
boro, 5000 tons, value, $253,000; Lake
Valley, 5000 tons, value, $4U0 900; Her
mosa, 200 tons, value, 1925, 900; King
ston, 800 tons, value, 5000 600, and other
districts, including TERRA Blanca, Chic.
ride and the Placers, $50 tons, value, $75,-
600. The values given are gross of which
a large percentage goes to railroad and
smelter. The tonnage giveH is from the
mine dumps and includes ore milled
smelted or otherwise treated within the
county. The total gives US a tonnage Of
13,4lO tons and value of 81, ,353, 900, very
fair and encouraging result, but not one
at all adequate to cur resources. The en-.
tire shipments show an average value OF
a fraction over 500 per ton, varying from
the extraordinary high grade ores of Her
mosa to the lowest grade OF Hill boro.
The average is higher than that OF any
other known mining district in Colorado
or New Mexico; it is five times higher
than that Of LeadviIIe, four times higher
than Aspen and is only approached by
the richer mining camps of the San Juan,
in Colorado, and some few other camps Of
New Mexico ,-Hillsboro Advocate.