Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-07-02
TAOS AND ANNETTE.
New York Syndicate Has Bought the An
derson Copper Property.


derson Copper Property,
Special to the New Mexican
Taos. N. M, June 29.-Dr. P. M.
Wise, president of the state commission
of lunacy, of New York, accompanied
by j. X. Turner. of the Mining Guaran-
tee & Trust Co., New York City, were
here during the past week closing the
deal on the Anderson copper property.
DR.. Wise is III the head Of strong SYM
dictate of New Workers who have pur-
chased the property with a view of
making producing mine. The prop
erty in question is in the Copper noun
tain mining district and seven miles
| from Embudo. 1t is one of the most
promising copper properties in northern
New Mexico, and has shipped several
cars OF high grade copper ore. 1t was
sold for $4,000. but the development
and improvements contemplated by the
purchasers will require more than $40
900. The property will be under the
management of Mr.. j. X. Turner, "a
practical mining engineer and metal
'lrgiSt. Mr.. Turner expresses the opin-
ion that the large bodies of low grade
ore in sight Justify the expenditure
contemplated in development and erect
ing plant for treatment. The work
of development will be commenced next
week and prosecuted vigorously with
large force of miners. The property
was owned by Messrs. Alex and VIM.
Anderson, of this place, and the sale
was negotiated by o. b. Steen. 1t is
the largest deal made in northern New
Mexico since the war began.
In the Amizette district the work of
development on several properties is be-
ing rapidly pushed since the snow dis
appeared.
The Shoshone has full force at work
opening up their second level at depth
of l60 feet. The manager states that
they expect to resume shipments in the
near future. %~'
Mr.. Cobb, of New York, arrived this
week and states that the work of de-
watering the Lone Star will be com
menced next month and the develop
N, ment pushed as rapidly as possible.
This property has some large bodies of
good ore which the owners hope to be
able to handle at a profit
The Minerva tunnel is in under Gold
Hill nearly 400 feet and the management
eAPeCts W Cul uue famous U0lu King
vein very soon. This property is owned
and operated by Ohio parties, who are
expending large sum of money in de-
velopment.
The development tunnel on the Iron
Dyke vein has penetrated the mountain
distance of $50 feet and has vertical
depth of 125 feet. The tunnel is all in
ore, the vein being 30 feet wide Seams
OF oXldlzed quartz are being encOun-
tered that run from one to three ounces
in gold, while the average across the
vein is about $40 per ton. Mr. Edison
is testing the ore for treatment at his
plant in New Jersey.
Several new properties are being
opened up and many old locations are
being developed.
Quite rush of people is expected this
fall in the Amizette country.
Mr.. ID. W. Deitrick, of Butte. Mont,
one of the best known copper men in
the west, spent three days examining
the Frazer copper mine this week for
one of the largest copper companies in
the United States. If the sale is con-
summated as expected, it will involve
the expenditure of over $500, 900 in the
purchase of the property, development
and reduction plant. Mr.. o. B. Steen
is conducting the negotiations.