Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-05-15
AGENTS DESIGNATED.
A BIG MINIAs PROJECT.
Dam 10 Be Built Across the BunIto in Lincoln County
and a Biz Cyanide Plant to Be Erected.

WIN Lne opening OIL sprung anu tle
last snow in the mountains. mining op-
erations may now be said to have been
resumed in earnest in Lincoln county,
and unless all signs fail the present
year will witness marvellous progress in
the mining industry.
Capital is being supplied and mining
enterprises are being launched in all
parts Of the county.
The low grade deposits through the
improved methods which capital will
employ will be made to return hand
some profits to the men who develop
them.
At Parsons in the Bonito district,
where the largest deposits of low grade
ore in the county are to be found, the
Eagle Mining and Improvement Com
pany, with a capital of $10,O0O0O0 be-
hind 1t has in contemplation one Of the
ted in the southwest. Here, with mill
lions Of tons of ore which will practi-
cally entail no expense at all in min
ing, will be erected an immense cyanide
mill that will treat hundreds of tons of
ore per day and which will give em-
ployment to an army of miners and OPP
eratives. The plans have already been
decided upon and work will commence
on the mill within the next 30 days.
John M. Rice, manager of the con1-
pany, has just returned from a trip to
Chicago, where the enterprise is being
financed, and it has been authentically
announced that everything Is in readi-
ness to proceed on the plans outlined.
The first step to be taken by that
the Bonito at an expense of $4,000 or
$4,000 for the two-fold purpose Of in-
surfing an adequate supply Of water at
all times and furnishing power for op-
Grating the extensive machinery inci-
dent to so large plant AS soon as the
dam across this stream is completed
work upon the cyanide plant will be
started.
Some idea of the immensity Of this
project may be formed when it is stated
that this company has secured control
of something like 200 claims in the
Bonito district, at an outlay of from
$780, 900 to $1,000 900. Among these are
many properties famous in the early
history of the country for the large
Of gold they produced. Chief
these properties Is the Hope.
well claim. which was operated years
ago by a man by the name of Parsons,
and his son. With only three and
one-half foot Huntington mill these two
pioneer miners took from this claim
thousands of dollars worth of gold.
A party Of Chicago capitalists, COM
posed Of r. G. Sturgeon, Peter de Tam
BILE, David I. Gelder and others, have
just completed a tour of inspection of
the Eagle Mining Company's proper
lies.
The mining situation at Nogal. Linz
,oln county, is steadily improving. The
Pennsylvania owners of the Helen
Rea mine We're recently offered $125 900
'or the property, but they hold their
at $500,000 They hold AZ pat
.nted claims and expect to work sever
Il of them on a large scale, work to
start as soon as their new machinery
8 placed. The American mine yielded
'ecently out of mill run of II tons,
'alues of $50 to the ton. Captain ]. H. 4
Lloyd. for many years with Cecil
Rhodes in South Africa. is preparing
or the launching Of one Of the largest
mining enterprises ever undertaken in
he southwest.
New Arc rssr Kilneyss