Arizona weekly journal-miner., 1895-08-14
MINING INTELLIGENCE.
Some Interesting DOiRsS in the Various
 Districts Surrounding This City.
What Old Producers are Doing and Notes
 From HeW Discoveries.
AQUIcK DEAL.
A Mtne Discovered Partially Developed and Sold within a Year for
 aAO.OOo

A Mins Discovered Partially Developed
 and Sold Within A Year for
 saO.OOO.
 Brief mention has heretofore been made, in these columns, of the sale of the Planet and Saturn mines in Fools gulch between the Congress aud YarnelPs mines. The sale is one which d serves moro than pass ing notice, as it is rather remarka ble in its character. Among tue numerous miners and prospeetors who quit Colorado on ancount of the depression in silver, and who drifted into Arizona in search of gold was Henry l.. Scott. After prospecting our hills and mountain sides for some time, he found what he considered promising prospects in Fools guleh and on July 20, 1891 put up monuments covering four claims, two of which were named Planet and Saturn respectively. Be- fore be had done much work on these claims another man W. 4. Clark an old Arizona miner, formerly of Tomb stone came across the same claims and found some very rich ore on them. Finding them already To- cAted he began a search for the locator and after finding him secured a bond on the properties for Sl0,OO0 in October 1894.
 Associated with Mir. Clark were Carl Holzschue, bookkeeper at the Congress mine, aud Captain B. F. Cos. These three started at once on the development of the property, and sank a shaft l25 feet deep with several levels, cross cuts and open cuts, showing up a fine property. On Monday last they closed a deal with Boston parties for the sale of two claims for SIG, 900 cash down, the original locator and each party in- terested in the bond pocketing the snug little sum of Sl0,000.
 The purchasers have incorporated l under tue laws Of Arizona, under the name of the Planet-Saturn Min 1 ing Company, the incorporators of l which are C. Everett Clark, William l Fl. Sayward, Edwatd D. Peters and | William A. Clark.
 Dr. Edward D. Peters, one of the | best known mining experts in the | country, who is one of the ineorpor- 1 ators, has been appointed general l manager of the company, while | William A. Clark has been appointed | local superintendent, and will have immediate supervision of the mine. 1 These gentlemen propose to develop | the mine in a systematic manner | before erecting any machinery for | the reduction of the ore, and will | sink the shafts 900 feet apart to the | depth of 600 feet and will then con meet them at the bottom by a level, | and other levels will also be run at convenient distances from each shaft | in both directions
 The claims are located in the same l kind of mineral dyke that tho cele- brated Congress mine IS situated, | and appearances indicate that they | might be on the sane lead as it is. | The average width of the ledge, as far as opened up, is about the same | as that of the Congress, about four feet.
 The latest discovery in these claims, is the outcroppings of what l appears to be large, and what Is | certainly very rich ore body from l the surface. It IS two feet wide | and the ore is adecomposed oxidiZed | iron, the lowest assay value of which | is $l75 per ton, and assays have been | obtained running away up into the 1 thousands. With the intelligent l management which is assured by 1 the experienced gentlemen in charge | of the property, these claims prom ise to develop into large dividend l paving ones at no very distant day i in the future.
 Another Mining Deal.
 Another important mining deal 1 was consummated yesterday, the l promoter of it being James Shirley, 1 one of the most indefatigable mining | men in the territory. The property | sold was the Last Chance, owned by | County Treasurer John Hartin and i Deputy U. s. Mineral Surveyor J. J. Fisher, located only about six miles 1 from Prescott, the purchasers being Messrs. Levin, Dexter and Howes, of Chicago. The purchasers will | put up $l5,000 to develop the mine. and place 8 mill on it for the reduc- ton of the ore, the first half of 1t being advanced yesterday. The mine is tolerably we'll developed. The ledge is about four feet wide, carrying a good grade of ore. There was formerly s hve-stamp mill on the property, which was paying a handsome profit, when it was burned down.
 Copies of the new mining law can be had for ten cents at the JOURNAL MINER office.
 The deeds for the transfer of the Planet and Saturn claims to the Planet-Saturn Mining Company have been filed for record.
 A deed has been filed for record HUH IL n. DiudA lo Al' IL AuOASWS and others, for one-half of the B. B. mining claim.
 Two commercial tributaries to Tombstone that are now being source of profit to our merchants, and which are growing in import auce daily are Fittsburg, in the gold district, and Turouois, located in
 Awarded