Arizona republican., 1904-05-16
THE BONANZA MINE
Recent Purchasers Will Probably
 Begin Operations at Once.

| A. G. Hubbard of Redlands is in the | city for a few days stay on business. | He was interviewed yesterday respect ing the recently reported sale of his
 Bonanza mine at Harqua Hala, verifi ed
 the fact af the sale and gave scme in- ] teresting and authoritative information concerning the property.
 l Regarding the sale, Mir. Hubbard said | he really did not know the identity of i the new owners. The deal was made with a. man named Martin, who occa- sionally referred to his associates" so MT. Hubbard does not know wthether T MT. Martin is the sole owner, one of the owners, or only an agent. He only knows that the deal was made, a sub stantial payment on the purchase price was immediately forthcoming and the titles placed in escrow. Payment was made by New York exchange, from which he infers that the purchase is by eastern capitalists. Asked about the price. Mir. Hubbard said he did not care to say anything, as he did not know whether or not it would be displeasing to the new owners, and he preferred to let them give it cut or wait till the world learned it in the natural course of business. when final papers are made of record.
 The mine is well equipped with a good forty-stamp mill and a good cyan
 iding plant of 150 tons capacity. Water in quantity sufficient to run both the mill and cyanide plant is pumpe1 from near Harrisburg through a pipe line about six miles long. The pump is also in good condition. The mill and cyaniding plant have not been oper- ated for a year and a half or two years, but they have been carefully cared for and are all right except that like any other machinery that has been idle they will need a little overhauling.
 The Bonanza mine is well known as one of Arizona's largest producers, and no doubt there is more good ore avail able in it than has ever been worked.
 Asked regarding it's past produc ton and its present mineral resources, MT. Hubbard said that when he and MT. Bowers. his former partner, now dead, first operated the mine they took out $1.10G000, and when they sold it to the English syndicate they had over s1,C00,- 000 worth of ore blocked out. It has been stated that the Englishmen made a failure of it's operation, but Mir. Hub bard says that from the amount of ore he knew to have been blocked cut and from certain old records left by the syndicate. he is certain that the English men took out between S1,200,G00 and S1, ,500,00c. The syndicate also leased the mine for while. and it is a matter of general report that the lessees took out between s150,000 and $2O0.00o worth of gold. Since MT Hubbard bought the mine back he has had mill returns of over s50,00O, and there is now lying on the dump 1900 tons of ore worth $20 per ton. There is also about 25,0O0 tons of tailings that have never been worked that will return better than $4 per ton. beside another tailings dump that has been worked once, but still carries suf- ficient values to warrant reworking.
 The mine has been worked to the depth of 800 feet in some places, and Mir. Hubbard says it is claimed by those familiar with the property that there is as good ore in the bottom of if as has been worked. a statement he readily believes, although he has rot personally investigated it. for the req son that there was water in the lower levels which he never went to the ex- pense of pumping out. During his latest ownership he devoted himself to the development of new ore bodies on the surface and in the upper levels.