Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-08-14
THE AZTEC SOLD.
A Gold Mine Deal Involving $50. 900
A Famous Property and Its
Rich Surroundings.

Hon. T. B. Catron and Col. v. s. Shell
by left yesterday for Trinidad, Colo,
where they to-day meet representatives
Of British capitalists and where the pur-
chase by these agents of the celebrated
Aztez gold mine on the Maxwell land
grant will be completed.
Negotiations in regard to this transact
ton have been going on for several
months. Messrs. G. A. Ross and r. A.
Thomas, of London, will make the first
payment of $4,000 to-day. The price for
the mine, and the new twenty mill
with it, is $150,ooo, payable in three in
stallments.
The property is owned by Messrs. Jas.
Lynch, of Trinidad; T. B. Catron and V.
s. Shelby, of this CITY. One of the .orlgi-
nal owners was the late Lucien B. Max
well, the original grantee of the Maxwell
grant. The mine is situate between Ute
creek and the Ponil river and has been
worked successfully since 1869. 1t was
of the year 1868. This was before the Max
we'll grant was sold to the present COM
pany; the title is perfect and the com
pany now receives small royalty on the
net output.
The Aztec since its first discovery and
working has yielded large sums of money
and is considered by experts to be one
of the surest and best producers of gold
in the west. The quartz in the Aztec
contains large proportion of peroxide
of iron, some feldspar, quartz in crystals,
sulphate of copper and slate; the latter
very often contains free gold.
The pay ore is plentiful and in places
is very rich, some times three and half
feet of rich ore being struck. The gold
found is free from coating and generally
about the size of gun powder; wire gold
is also met with occasionally. The new
mill is of modern construction and was
put in about two years ago; it has worked
well and satisfactorily. 1t is understood
that the new owners will Immediately put
large force of men at work and that
both the mill and mine will be worked to
their fullest capacity.
This will be great news to western
Colfax county and will prove of great
benefit to that region. 1t is well known
that in western Colfax county and on the
Maxwell land grant there are rich and
vast gold fields simply waiting tho pros
pector, the miner and the capitalist to
produce plentiful wealth. The Moreno
gold fields, while they were being worked
| in the seventies, produced in one year
100000 gold, coin value; the Ute Greek
section in which the Aztec is situated
produced in one year over $780, 900 gold,
coin value; the Willow creek district pro-
duced in one year S24O,0O0 gold, coin
value. The Maxwell Land Grant COM
pany encourages prospecting and will
make satisfactory terms with capitalists,
miners and prespectors and will aid in
every possibly way to develop that region.
There is not richer gold section in all
the southwest than the western part of
Colfax county. This is embraced in the
Maxwell land granite which the company
has perfect title and mineral claims can
be procured and the safest and surest title
can be had from the company at much
less trouble and much less expense than
from the United States for claims, mines
and prospects, situated upon public
lands.