Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1898-01-08
CROWN POINT THIS TIME.
Group Of Three Of Bland's Mines Leased
and Bonded.
DETAILS OF THE BIG DEAL.

IL Is definitely settled that the Crown
Point group OF mines has been taken nd.
der lease and bond by the Cochiti Gold
Mining company. Of which o. 2. Posey is
the principal figure, for a term OF six
months, during which $4,000 il TO be ex-
pended in development, says the Bland
Herald. This is practically a sale OF this
valuable property for an amount exceed
ing 100000. The group consists Of the
Crown Point, Giant and Bull OF the
Woods, three OF the very best properties
In the Cochiti mining district, and stu
atei above Bland in Pine canyon.
The Crown Point, which is the prlnci-
pal mine OF the group in point Of devel.
opment, IL about a mile from Bland and
FIRST made a shipment in March ~. 1894.
continuing until the total amount OF
500 tons shipped to smelters, the gross
value Of which was about $30,62l, calcu-
lating the average value OF the ore
shipped to be about $3.50 a ton. The
amount OF development at present done
In shifts, drifts and tunnels on the Crown
Point Ia some 1900 feet. A hosting
whim, ore bins and other buildings,
have been erected and the best OF roads
built TO the mine. The Crown Point was
first located early In 1885 by ]. A. Smith,
now Of Sulphur Springs, but abandoned.
Later, upon the advice OF Smith, It was
relocated in 1887 by Major Beaumont,
who in turn abandoned 1t, when 1t was
relocated by Darcy and Eagle, who al
lowed IL TO lapse and pass into the pos
session Of the present owners and who
afterward made a fortune out Of their
interests In the Iron King mine, which
they sold TO X. W. Woodbury. OF Denver.
Those holding a controlling interest in
the Crown Point proper, which was the
first mine in the COchiti district to he
patented, are Charles johnson, OF Masso-
lon, Ohio; Frank Bruce. Of Bland; James
d. May. Ben. johnson and Henry Lock
hart, Of Albuquerque, who formed the di-
rectors OF the incorporated Crown Point
Mining company.
The Giant and Bull Of the Woods, the
other mines OF the group, though less de-
yeloped than the Crown Point mine, are
generally considered TO be the most val
liable. These properties have had sufi-
cient work performed upon them to war
rant the application for patent and az.
says obtained from both indicate their
value TO greatly exceed that OF the Crown
Point, returns OF $50 gold being the
average per ton. The Giant Is about
a half mile above Bland and possesses
a strong vein OF quartz some twenty feet
wide at Its widest point n cropping for
a distance Of over 300 feet. The Bull
OF the Woods. from which wonders
are expected by all TO be the out
come, IL situated In the very heart
OF Bland and o%utcroppings OF the vein,
which rises 70 a considerable height above
the surface, show a width OF as much as
80 feet for some distance. These figures
may seem to be greatly exaggerated. but
nevertheless there stands the quartz Wis
ible to all who would verify the accounts
OF this article. II is hardly probable that
the value throughoutthis extent OF quartz
Is higher than q very low grade, but the
existence Of pay streaks OF good size have
been discovered, and whatever its precise
value may be there is no doubt that the
Crown Point, Giant and Bull Of the
Woods form a group OF what will yet
prove to be the greatest bOnanzis in the
Rocky mountain region.
The effect on the camp OF the thorough
working Of these properties, which is ex.
pected will be carried out upon the return
Of o. p. Posey from Los Angeles, will In
itself prove to be beyond the expectations
Of the most sanguine.