Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-04-26

of adapting the cyanide process. Under
the Washoe process Of reduction it cost
| from $3.50 to $4.25 per ton to reduce the
ore and recover the bullion, and only
so to S6 per cent Of the values were
saved. With the new cyanide method
employed by Mr.. Craig over 80 per
cent of the values are saved at a cost
| of less than $500 per ton Of ore crushed
and treated. 1t will be readily seen
what an enormous difference it will
make in the profits accruing to the
mine operators Of this district. Mr..
Craig Is owner as we'll as manager of
the Last Chance property, he has a
complete 20-stamp mill for the crush
ing of his ore and is now increasing
the capacity Of his pulp tanks in
which the ore is acteu upon by the
cyanfE@ soiution. When the additional
tanks are built the mill will have u
hte ohe va SIT I'D | oooww zb
capacity of seventy tons per day.
Enormous bodies Of ore are exposed in
the mlne which Is developed by adit
,eyels and. a cross cut tunnel to a
depth Of 500 feet. Every person IN
camp feels grateful to Mr.. Craig for
his long continued effort to find
cheap process of extracting the bullion
from the ores of the camp and all are
glad of his success.
THE MAUD s.
The Maud S., one of the famous
mines of the camp and which had pro-
duced over one million dollars in bull
lion, is now idle. This mine, with COM
paratively little development upon it,
was sold to Boston capitalists for $75,-
900. A mill was built, and tramway to
the mine, which together with develop
ment work. cost an additional 100000,
making an investment of $175,000 before
any returns were received from the
mine. Within eighteen months from
the starting of the mill, the property
returned the original investment In
dividends to the owners and continued
to pay dividends for several years
thereafter. But the property was run
upon high pressure system and bled
for dividends Development of ore re-
serves was neglected, and now 1t will
require considerable capital to develop
the ore known to, exist at the bottom
and to sink for ore reserves at greater
depths, all of which Aould have been
done out u portion of the money
made from the mine and paid out in
dividends to the eastern owners. But
1t Is ever thus with the eastern mine
he CUTS the mine regardless
of its future and then the property is
damned when the manager deserves
the censure. The Maud s. property
with new development work properly
will produce far more in
the future than it has in the past. The
has recently been sold to a
New York syndicate, Major Hogan, a
western mine operator placed In
charge, who will make a success of the
THE DEEP DOWN.
Situated Immediately adjoining the
Maud s. and upon the same vein is
the Deep Down mine. The workings
in the Maud s. mine in places follow
the ore vein up to the end line of the
Deep Down. The miners Of the camp
have great faith in the future Of this
property as but little of its ore re-
serves have been extracted. The
deepest working is about 100 feet, and
no slopes have been worked in the
lower level From a few shallow
openings at the surface. about $4,000
worth Of ore was milled. The ore Is
Identical in character and value with
the ore in the Maud 8. mine and being
on the Same vein is really q continua-
ton of the series Of Itch and extensive
ore chutes found in the Maud s. mine.
It is only claimed for the ore of this
mine that 1t will assav $500 per ton,
but thousands upon thousands Of tons
Of ore taken out Of the Maud 8. mine,
run from S25 to $50 per ton and gave
mill returns of the bullion to substan-
tiate It. The greater part Of this ore
was taken out within 600 feet Of the
end lire Of the Deep Down mine. hence
much better average values may be