Arizona weekly journal-miner., 1901-08-07
Mining lnteIIigence.

Reese M. Ling brought in a lot of
 fine looking ore today from the Nc
 Cabe Extension property. The ore is
 rapidly growing richer in quality now
 as depth is made.
 Tasmania is said to possess almost
 every known mineral and metal and
 for it's size is perhaps richer in miner
 al deposits than any equal area in any
 part of the world. Although mining in Tasmania has taken such rapid
 strides during the last few years, and
 discoveries of more or less importance are constantly being made and report
 ed, yet a large amount of country re
 mains practically unexplored for min erals. In 1900 the total value of min erals and metals mined in Tasmania aggregated S5,5OO,OOO. No less than
 1O9 mining companies are registered at Tasmania.
 President Con O'Keefe of the So- nora Mining and Milling company, which owns the rich silver mines in the Altar district in Sonora, was south bound passenger on Tuesday nights train en route to the mines. He was accompanied by Mir. J. W. Walsh, an experienced miner, who will have charge of the work of put ting the properties in shape for the erection of a fifty-ton plant for the treatment of the thousands of tons of rich ores already in sight. The con- pany has only been organized a month and sufficient stock has been sold to guarantee the success of the enterprise, which is backed by Con O'Keefe, E. B. Gage, c. O. Saxhang, John Dessart and R. Allyn Lewis. A few thousand shares of stock are still to be had at 25 cents share, and if you are desirous of investing your money where the returns give every promise of being quick and enormous now the time to get in while the bars are dOwn.-Nogales Vidette.
 The experience of investors in min ing properties has varied widely from those who have reaped very large pro- fits in comparison to the amount of money invested, to those who have seen the entire investment wiped out. This has led to the often expressed opinion that mining is most danger ous form of investment, but scientific opinion, as we'll as that of practical mining men, is strongly opposed to this view. The fact is that the indi- cations of ore bodies are now too we'll understood to admit of an error of judgment by competent observer as to whether or not an ore body exists and the permanency of the vein. It is equally true that it is rarely to ad- | init of profitable working, and for | this reason many fortunes have been | lost in mining through the exhaustion of the owners resources before the de- | velopment was sufficient to yield a | return, but once having reached and opened up good body of ore the proposition can be said to pass into possible to estimate accurately the | cost of opening up the ore body so as the field of manufacturing enter England Statist.
 Excitement over the recent find | west of town seems to have subsided l but active work is in progress. Like | all new discoveries there was consid eIable exaggeration about this though | the facts are big enough to prove sat isfactory if the ore holds out. A | cipher has been topped of the right | hand side Of the value Of the ore and | instead of going S250, as reported, the assay value is S25. Considering the size of the ledge if the ore bodEf continues this value is good enough | to satisfy any one. Messrs SchueF- man, Hummer, Sparks, sHouiihan, Henry and Turnbull have located | three claims and have twelFe men at | work now developing them. Enc deepest point reached is only seven feet but for this short distance the showing is excellent. The ledge has been traced for a distance of about | five miles and locations made omit. A cut on the s. F. P &' P. railroad | cut across the, ledge but the mineral | showing exposed by it seems to have been overlooked. The quartz is gray in color and it is said that while on the surface the ore is free it turns to 7 sulphurets at a very little depth. The opening up of a big mine on this ledge would prove a great benefit to ! Prescott, as 1t is only an hours wslk l from town to It.