Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1899-10-04
BIG SALE C0NSUMmATED.
Famous Silver Cell and Climax Sold 10
Eastern Parties.
QUARTER OF A MILLION PAID.
From the Silver City I-ndependent.

From the Silver City Independent.
In our last issue the statement that q
number Of important mining transac-
lions were pending. the facts of which
cJuld not be published at that time, and
mat 80 soon US they we're contaminated
lne public would be advised, was made
aud the statement has been proved tue
by the iual transfer Of the famous silver
Cell and Climax mines, owned by the
Dimmlck brothers. OF Plnos Altos, to
prominent capitalists from Indiana and
Illinois, the sale aud transfer having
been perfected since our last issue.
A little more than nine years ago the
Dimmlck bfOtnert, who were engaged
IN Ianchlng and cattle business a lew
miles from PinOs Altos, discovered the
above mentioned mines, In III accidental
way, while engaged In their usual bust
ness. Upon thorough examination toe
min proved " be the greatest deposit Of
almost pure silver that has been dis
covered Ia the west. not excepting the
celebrated Moilie q BISON. Ia 1897, the
Dimmick brothers had a specimen taken
from their mines, on exhibition at the
Worlds fair at Chicago. ana those per.
sons inter sted In mines who saw this
specimen could hardly believe their own
eyes. The discoveries Of the mine did
not desire 10 sell IL, but preferred TO mine
II In a SIN all way, themselves, which
they have dOne since the discovery OF the
property. But recently they decided to
r%ndeayor To place the property, and bond
Ell II for f20O,OUO. The parry here who
had charge Of the sale sent a piece about
ST. by eight by six inches east, which
when melted produced over 81 30 in
silver. This specimen was taken from
near the surface OF the mine but de-
yelopment work to "a depth OF 200
feet vertically shows u continuous
body Of ore to the bottom OF the
shaft Of almost the same richness. Cap.
itai at once became Interested and The
negotiations resulting In the sale OF the
property for the above amount was i'm
msdiately commenced by the recent
purchasers. Prominent mining experts
OF Colorado we're sent 10 examine and
report on the property. the mines prov
ing 10 be even better than represented.
Not over W months has been consumed
In the whole transaction.
The price paid for the property Is con
sidered exceedingly reasonable and the
purchasers are certainly fortunate TO
get the property at 10 reasonable a hg-
ure. Immediate development and work
ing will BIZ commenced 10y the new own
ers Drifts have already been run at
the 100 foot and 200 foot levels, showing
the ore body to continue laterally
~ far as opened and TO be- OF the same
me character and richness. While
working these mintl ON u small scale
the Dlmmick brothers melted a great
deal Of the ore with a small amount OF
lead. In a cupelling furnace and the lead
being yotatilized the silver WAS taken
out In p'snchss which were $50 and 800
ine This gives an idea OF the great
richness OF thu mine. when IL Ia also con-
sidered that an immense body OF such
ore IL air ady In sight and all indications
are that the deposits excels In magnitude
any heretofore discovered. The new pur-
chssers viii operate the mines on a large
scale. the lumber for all necessary build
ings and the machinery for the mines
having already been ordered and work
will begin within the next few weeks.
There IL no doubt that these mines, az
development and work progresses. will
meet the most sanguiDe expectations OF
the owners, and will prove to be about
the biggest mining proposition In the
| southwest.