Mohave County miner., 1901-04-13

of salt taken from a four foot ledge in
the lava and not far distant from
whence the gold came. He believes
the material will carry large percent
ages of saltpetre and other saline in.
gradients that will show it to have
good commercial value and an analysis
will be secured during his stay in the
city. The gold bearing lava came from
point west of Blackfoot and across
the Snake river and comes from a de-
posit that he believes is one of the
many that constitute the source from
which the black gold bearing sands of
the river originate. The rock itself is
nearly black in color and forms great
contrast with the shining yellow metal
with which it is filed.
A Butte, Montana, dispatch says:
A new mining syndicate, with CAPT.
tai stock of 10OOO,0OOS, has practically
been perfected in New York with o. H.
p Belmont at its head, for the purpose
of taking up number of the mines
owned by f, A. Henze and which are
in litigation between Heinze and the
Amalgamated companies. Some take
the deal to mean an approaching set
Element of the gigantic litigation,
which has been going on in the courts,
but others who are interested see in it
a move on the part of Heinze to raise
some much needed money in order TO
continue the litigation against the
Amalgamated The syndicate will take
in the Nipper mine, one of the prop
estes tied up by the litigation, the
l.. Il. +. SchweitZer and other adjacent
mines. HeiuZe is to get 4,000,0O0S for
his interest in the properties, and it is
said that 5 per cent is guaranteed on
the capitalization Of the Belmont com
pary. The Anaconda comp any, which
owns small interests in some of the
properties, il is claimed, will consent
to the sale and will take stock in the
new com pany to the extent of its in.
,
settlement of the litigation with
HeinZe.
A Phenix dispatch says that the Con-
gress mine, located on the Santa Fe,
Prescott and Phenix railroad and OPP
Grated by the Congress Gold Mining
Company, has been sold to an Eastern
syndicate and the reported purchase
, price is 30O0,0O05. This is the greatest
gold producer of Arizona, and has pro-
duced probably lO,0OO,OOOs 1t will
hereafter be known by another name,
, but the new company will be headed
/ by +. b. Gage, who is now president OF
the Congress Gold Mining Company
, Definite particulars cannot be learned
! this morning, but it is believed the
, purchase is the outcome of negotia
tions begun a year ago between the
) owners of the mine and New York
t syndicate beaded by ex-senator War
ner Miller. There is also rumor that
Congressman w. w Grout of Vermont
who is now in Arizona, also is inter
ested in the sale. Some mining men
3 put the purchase price up to 5,0OO,0O0$
, which were the figures suggested when
an option was granted on the mines q
; year ago. The Congress mines have
r been operated for fifteen years and the
5 workings are now at depth of 3,0O(
) feet, but it is freely asserted that al
e twice the depth the ore bodies will be
as extensive and rich, if not more so
Prospecting by diamond drills has out
lined enormous ore bodies at that
! depth.
. A charter for the Santa Rosa Copper
t Company has been applied for, OF
e which Joseph A. Tanner will be presi
{ dent, l. N. Stevens, vice president, and
? l.. S. Randolph, secretary. The com
!. pany will purchase the well know
S Santa Rosa group of twelve copper
! claims in the Copper Mountain mining
t district, which are owned and have
D been operated by Mr.. Tanner. Some
J. of the mines of the group are produc
5 ing some remarkably rich copper ore
D Mr.. Tanner has returns from the n
y Paso smelter on a car load of ore which
averages llO90S per ton. The company
). will be incorporated for 50O,0OOS, OF
$ which l50O0OS of stock will be placed
= in the treasury and sold for develop
0 ment purposes. Metcalf people have
o subscribed for 25,000S worth of the