Arizona weekly journal-miner., 1902-05-21
THE FANNIE COMPANY IS AMONG THE NEW COMPANIES TO OPERATE IN THIS
 SECTION.
EXCELLENT SHOWING OF DEVELOP MENT WORK ON THE PROPERTY OF THE MERCHANTS MIN
 ING COMPANY.
The Orc Grande at Wickenburg Again Comes to the Front With
 Rich Strike.

Considerable interest seems to pre- vail in mining circles over the organi- zation of another and a new mining enterprise of this section, that of the Bannie Gold Mining and Milling company. While it is an old prop erty and is being handled by men who are comparatively new in the field of mining of this section, this latter phase of the redemption of the property must not be construed as being of any less weight or consider ation than if the most ancient and ex perienced operator was actually in charge.
 The Bannie is in many respects linked to early mining in Yavapai like so many of the mines that capi- tai and development have brought so prominently to the surface in later years. It was worked by the indi- vidual and the capital of the operator was simply but muscle. That ac- counts for its long life of inactivity. Many of the biggest bonanzas today in Yavapai county are or were identi- cal to the Bannie, but very few of them, however, had the surface indi- cations or the mineral merit to stimu- late the investor that this property possesses.
 It comes to the surface today as a prominent piece of ground mainly from the fact that it is being at last systematically and practically han died. Under any other condition of life it would remain as of no regard or concern for that matter. But with a change there follows new life for it, and as each stroke is made by the pick, there results the belief that it, too, has every indication of making a mine, and a good one.
 It has been under operation for some weeks, and the incorporation ot a company to handle it is but the logical conclusion of its packers to more earnestly and practically handle the development of it. Another fact aside from that of the mine itself must be considerably weighed, is that this property enjoys an excellent location and is in the center of dis trict that today is rated in mining an, nals as the scene af the greatest pro jects in mining of any section of the southwest, as we'll as a district that is producing handsomely. Another feature of the Bannie in years gone by was that the gulches along its veins were fabulously rich in placer gold. It is on Lynx creek that har- bors the well known Walker mining district. A good feature to consider in the operation of this mine is an abundance of wood and water, and in transportion facilities it is but a stones throw to railroad So far on this mine worE has steadily progressed on three shafts, and as depth is reached every indication leads its toperators to believe that it is worthy the time and money expended. The vein is a hemitite of iron, but is rap idly changing to sulphide, and 1t Is the supposition that in greater depth this character of mineral will prevail Assays give fattering results, run ming as high as S44 per ton. A per manent camp has been established, and a season of activity has been out lined for the company. Ten men are on the payroll at the mine and new steam hoist is on the road. This will be followed later by reduction plant, or when the mine is sufficiently opened, But limited amount of the capital stock will be placed before the public, the new company prefer ring to devote their own money prin- cipally to development work. The company is officered as follows, and personally no member of it needsany introduction to the public of this sec tion:
 NJ. F. Taft, President,
 Col. J. F. Wilson, Vice President.
 J. E. Mccoy, Treasurer,
 w. J. Wilsey, Secretary,
 J. J. Brooks, Superintendent.