Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1903-07-15
NEWS OF CORONA
CONSOLIDATED
President Head Submits
Report to Company.
Satisfactory Progress Made and
Some Pleasant Surprises For
Month of June.

The report of President A. j.
Head, of the Corona Consolidated
Gold and Copper company which il
printed below will bs>read with inter.
est by every stakeholder of the COM
pany as well as by every one interest.
ed in the progress of the mining in
dustry in this section:
Office of Corona Consolidated Gold
and Copper Co., Prescott, Ariz., July
10th, 1908.
To the Board of Directors, gentle
men:
Work for the month of June has
progressed very favorably and without
interruption on the properties of the
Corona Consolidated Gold and Cop
per company. All assessemnt work
for the year 1903 was finished up in
good shape Considerable work was
done in the way of putting roads in
first class condition, and many little
of camp conveniences, ETC., stone
brick cellar for groceries and supplies
was erected near the boarding house,
and besides a large amount of work
was accomplished in the Corona tun-
mel. We purchased new ore car and
also put down about 500 feet of new
Trails oa1fn1 ,-a,.,- ,,,,,ob - +ho 49,,
venience of handling ores and waste.
Our main work and efforts have been
concentrated on driving the Corona
tunnel and notwithstanding we had
some very hard rock to 60 through, l
feel that we have made satisfactory
Roadway. We have had some pleasant
surprises in the way of finding ore
much earlier than was expected. Last
month, as stated, We had not expect
ed much in the way of ore until we
should reach the main big, ore shoot,
which means almost 80 feet of
straight tunnel work, unless We should
decide to eros cut earlier. At a dis
lance of 10 feet, we found a vein of
ore which did not crop on the sur
face and which appears to be an off
shoot from the big ore body. When
we ran into this ore body, it had the
appearance of being a large ore de-
posit, as il came in at an angle, and
the entire face of the tunnel was in
ore for a distance of more than four
feet. After cutting through the ledge, |
this vein was found To be thirty |
inches wide, and is of very rich oxide |
running u per cent copper, and 50. 80 |
in gold, from samples taken across
the tunnel for a distance of about six
feet. Some pieces of this ore are most
beautiful and show liberal amount
of free gold, few pieces being liter
ally sprinkled with the yellow metal
Another ore vein about ten inches
thick was also cut. Both of these
veins show conclusively that they lead
to the main ore deposit and as dem
onstrated by our shafts and the man.
moth open cut above. The body of
ore uncovered by our six foot cut con-
tinues to enlist the wonder and admi-
ration of all who view it, ana every
one who has inspected the work and
the plans we are following, heartily
concur in the belief that we will tap
the mammoth ore shoot with the Co
roma tunnel at a depth of $50 feet,
when he have gotten under the apex
of the mountain. According to sur
face measurements, we would reach
our big ledge on straight tunnel with
in 200 feet more, or cross cut within
about 30 feet. We have been so anx-
ious to tap the big ore body at its
widest point, that he have concluded
to postpone making any cross cuts at
this time, and push the tunnel for
ward as vigorously as possible until
We have reached the main ledge, then
cross cut, upraise, and drift. If indi-
cations, which have been we'll pros
pected, do not badly miscarry, we
have an ore shoot here between 400
and 1900 feet in length, and there is
every reason to suppose that its pres
ent width from four to six feet will
greatly increase with depth, as the
five large and we'll defined veins, as
explored on the surface and lying
within a radius of 200 feet, unqdes-
tionably make into the one immense
ore deposit 4 number of the direct
ors and stockholders, as we'll as other
visitors, have been on the property
during the past month, and all ex-
press themselves as greatly pleased
and deeply interested in the property
and the result of development work
now being pushed. / am pleased to
report liberal subscriptions to our
stock, and local parties are making
voluntary purchase, which best illus
trates the faith they have IN the ulti-
mate outcome for their investment.
Many inquiries are already being
made from outside investors, and as
practically no advertising has as yet
been done, and nothing in the way of
literature gotten ont. with the excep-
ton of a small folder. we can reason
ably expect by little advertising ju-
diciously placed. to sell all the stock
we may desire to place within a short
time. advise holding the present
selling price of stock at - cents for a
short time yet, and believe that it is
better to maintain price in keeping
with the deserts of actual showing
rather than adopting fictitious values.
When our tunnel has reached the
main ore body. and is found to be,
as we now believe it will. our stock
will easily be worth 30 cents per share,
and will undoubtedly command that
price, if not better l have thought
best not to try to handle any of our
ore during the hot season, but stack
it on the dumps and wait until Sep
TENDER or October, when by shipping
to the shelters and by making tests
on our neighboring mills. we can dem
onstrate what we will require for its
future handling ] grow more thor
oughly convinced, as work progresses,
that We possess a most excellent and
exceptional property aud believe that