Mohave County miner., 1900-11-24

and information regarding the output
of which are jealously guarded from
the public. Other successful mines
are located in the Burro mountains
near Silver erCity.--Albuquerque Citizen.
1t is stated in the San Francisco
News Letter of the 9th inst. that En-.
glish buyers contemplate purchasing
several mines in this state, and that
negotiations are well advanced for the
sale of the Golden Cross, also to Eng
lish buyers. The Golden Cross is a
property upon which the original own
ers have lien for l,000000S There
was a dispute about the property, but
after great deal of litigation their
lien was finally fixed at this sum. At
that time the property was reasonably
worth 1,S0O,00JS. The present owners
have not done any development work,
aud as mine is really only worth what
can be seen. it is thought here that the
present value of the property is but
very little over l,O00,000S, say l.250,OOOS.
If they are going to offer it at 4,00l COOS
or 500JO00S, as is stated, it is very
doubtful proposition. Intending pur-
chasers would do well to look at the
reports of the receiver during the per.
iod of litigation. They are all on file
in the office Of the county clerk at San
Diego, and copies can be obtained for
few shillings. The Los Angeles Re
view says the Golden Cross group of
claims, the principal ones of which are
the Golden Gross, Golden Crown and
Golden Queen, was for many years one
of the best paying low-grade gold prop
critics in California, but the stockhOld-
ers in the company got to fighting
among them selves, carried the prop
erty into the courts, where 1t remained
until quite lately for years; as result
production fell off and matters gener,
ally got into bad shape. There are lac
stamps in the two mills, but they have
never been kept going Official reports
give the average value of the ore as
1868 gold per ton, on which, providing
enough ore is milled, there is pro badly
an easy profit OF one dollar ton. There
is also a large accumulation of tailings
some estimates placing the quantity a,
high a. 100000 tons. What profit there
is in them Is not known, although the
company has cyanide plant at work
upon them. But apart from them and
assuming that there Is still plenty Of
ore in sight which will mill an average
of 1868 gold per ton, it is easily pos
sible that the property could be made
to pay profit of from l00,0O0S to l20,
0,0S year, which as mining propOs
ition would make it worth from 800,
OOO5 to lOO0,OO0S, probably nearer tC
the former amount than the latter.
The story of the Diamond Copper
Company, whose properties are in thu
Dragon district, Cochise county, Ari
zona, is an interesting one; intere stine
DtCdhHt " HuONs "bdt Cdu p0 hOlI'
with good pro- pect. Some eastern
people bonded it last August for 40,
00JS. The first work done on the
property was a tunnel run $50 feet be
low the groupings. In looking ove
the rock taken out of the tunnel, Su
perintendent Henry saw a piece Of sui
phide ore. He at once proceeded Il
look where it came from aud found al
s inch stringer of the same kind of orr
the tunnel He then started new
tunnel l3J feet lower down to crosscu
the stringer. and at l40 feet it ran int
the sulphide ore body, which proved
TO be over sixty feet in width, the orr
averaging 10 per cent in copper witt
gold and silver. The property wa:
originally owned by Mr.. Hudson o.
Phenix and Mr.. Pidwell of Pierce, Ari
zona. When the latter learned how
the property was opening op (boti
parties had then received three pay
ments of l0,000S each op account Ot
the purchase) he (Bidwell) asking the
comp pany if, instead Of his share of the
last payment, he could have stock il
the com pany for the amount, and al
what price per share. He was told ht
could have it at 250S per share, and b,
took it at that price. Subsequent tC
that he, with some other parties own
ing stock in the company, made, as il
is learned, an effort to buy up all The