Bisbee daily review., 1902-12-07

San Jose Mining company" The prop srty has been located and developed in desultory sort of way for about eight years, but has suddenly sprung into prominence. MT. Daniels is au thority for the assertion that there is absolutely a mountain of ore in that locality running about $4 in gold while the fame of the Gold Treasure is certainly out of the ordinary, MT Daniels sold 5000 shares in thirty-six hours last week, the stock standing at twenty-five cents and they expect it to advance to seventy-five cents in the next sixty days. These facts talk, especially since most of the investors are local men and thoroughly familiar with the property. MT. D. claims that there are S0,000 tons of ore in sight, as result of 800 feet of development work. The principal value is gold. Ten assays from impartial samples averaged about $15. The property embraces about 40 pertenencias. There is sufficient water on the prop erty to run a 20-stamp mill, while within two miles water can easily be developed to run 100 stamps.
 George Kirsch is in San Francisco placing stock and buying machinery. The company purposes to put in a 20 stamp mill immediately, supplied with amalgamators, concentrators and ey- cry modern improvement. Most of the ore is gold sulphuret, which will concentrate at least fifteen into one, and is in no way rebellious. They will install a Halliday gravity tramway from the mine to the mill and are cer- tainly well favored with all natural conveniences. Mir Daniels expects to start to San Francisco this (Sunday) morning in the interest of the big en- terprise.
 Such names as R. c. Morgan, R. V. Daniels, s. M. Aguirre, M. D. Buck and others, connected with the com pany, is a sound guarantee of its sta bility. Naco is to be congratulated on the intimate proximity of this re- markable property.
 A sack of gold sulphurets can be seen at B. F. Graham's office at the Copper Queen hotel.
 
 The mining outlook south and west Of Bisbee is exceedingly gratify- ing at the present time. Such faith in the outcome of the whole Warren district was never before exhibited. The whole country is booming, at least you would think so to hear the assessment mans shots reverberate through the foot hills.
 ssss
 New Era Mining Go.
 A newly organized company this week is the New Era Mining ompany with a capital stock of sl 100000 and shares of $1.0O each.
 The company has been organized for the purpose of taking over, devel- oping and operating 79S pertenencia3 about 2,000 acres 100 U. S. claims) -of extremely rich copper, gold and silver properties located in Arispe mining district, state of Sonora, Mex ico. The property is situated three miles west of San Felipe on the So nora river and forty-five miles almost due east of La Posa on the Sonora railway. The property has all the natural advantages of location and can be developed and operated at a minimum of expense. A smelter can be so situated that the ore can be ldhCh iO IL Dy O Sidslly idiii OfN.. Lf- cry variety of copper ore, including red oxide, black oxide, gray sulphide. carbonate, azurite, malachite and sa- licious ores, running high in gold and silver; also an abundance of iron and lime are found on the property; thus insuring a perfect Aux. The ore bod ies lie in contact of limestone and porphyry.
 
 President Centers of the Modern property is still in the east on busi- ness connected with this company, but is expected back before January l. At the mine work continues without interruption.
 B. J. O'Reilly of Naco is in the east on business for the Rincon company. The Calumet and Arizona smelters at Douglas are running steadily, turn ing out fine copper bullion. At pres ent all the ore for the smelters is be ing furnished from the Calumet and Arizona mines, although work con tinues without interruption on other property owned by this company. Sinking still continues at the Cop per Glnce company's property. The l shaft this week had passed the 500 mark.