Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1903-05-06
MINING INTELLIGENCE.

MINING INTELLIGENCE.
Work was commenced again today
ON the Bunker Hill mine which has
been closed down temporarily. Two
shifts have been placed at work and
they will take out ore and ship it to
good quality of ore encountered in
the mine, which will be taken out
and shipped.
The spur to the Merchants Mining
company's property will be completed
within a few days now. Ed Block,
president of the company, is CORES
ponding with a number of different
smelters with a view of determining
where the best results can be obtained
for the ore. A shipment of car load
of ore will be made to each of a num-
Der of smelters and from the results
obtained a selection will be made as
to where the ore will be shipped. Just
as soon as the spur is completed the
work of shipment will be commenced.
Sam Hubbard. jr., came in this
morning from the Queen mine, in the
Sierra Prietta mountains, near Iron
Springs, which he is working He
says that he is just starting up with
an increased force of miners develop
ing the claim. As the tunnel is now
quite long distance in he has found it
necessary to install blower to fur
nish pure air to the miners while at
work. He states that the mine con-
tinues to look fine and the prospects
for it continue good.
Superintendent &. r. Tibbett, of
the Pau Mining company, is in town
from Cherry Creek. During the past
week Mr.. 5Tibbett has added about fif-
teen men to his force at the b. b.
mine in that section, and active work
will now be continued on these prop
critics. Mr.. Tibbett is taking hold of
the property in manner that looks
like business, and if a mine can be
poets those who are familiar with the
work done so far by him are confident
that he will accomplish that end, and
from the past history of the property
there is very little doubt that the
making of splendid property only
requires the judicious expenditure of
enough money to properly open it up.
The jerome Canyon Copper company
has forty horse power compressor
and fifty horse power boiler en- route
from Los Angeles to its mine. When
they arrive and are installed it is the
intention of the company to run two
machines drilling and to develop the
property just as rapidly as possible. |
On account of heavy inflow of water, |
they have been unable to do any sink |
ing for some time, and it is their |
purpose shortly to add a sinking |
pump and push the shaft down to a
greater depth. The principal work |
being done lately was driving cross
cut drift from the shaft, at depth of
40 feet to the main ledge, distance
of about 200 feet. This work has been |
about completed, and the ledge will
be struck within day or two if not |
already done. The last shot fired in |
the drift on Thursday night broke |
into ore, but just the extent of it or
the exact character of it was not |
known when Superintendent Smith |
left on Friday morning and it was
not known whether the ore came from
a stringer or whether the wall of the
ledge mad been broken through.
The Venture Hill Mining com
pany's stockholders will have meet !
ing in Jerome.tomorrow to consider a
proposition to bond and lease their
property. A proposition has been
submitted to the company by parties,
said to be perfectly responsible, to
take lease on the holdings of the
company for three years, with an OPP
ton of purchase at the expiration at
the end of that time for 81, 500, 600.
A royalty is to be paid on all ore
taken out during the time of the
lease. Should the deal go through it
would net the stockholders nearly
seventy cents per share. The com
pany is capitalized for $4,000, 900, but
large portion of the treasury stock
remains unsold, which will enhance
the value of the stock issued. The
parties taking the lease and bond are
compelled under its conditions to
work the property continuously. So
far as an expression of opinion has
been obtained from stockholders the
proposition will be accepted.