Bisbee daily review., 1905-05-09

ores-capacity of Plant to Be Douo-
 ied-ExtensiVe Development to Be
 Taken Up-New Stock Issue.
 Two brilliant gold bars, valued ap- proximately at $700, were placed on exhibition yesterday at the First Ma tional Bank. The bars are the pro- duct of about six days operation of the new five-stamp mill of the Gold Nugget Mining Company and were brought to the city by the secretary. J. G. Pritchard. They represent the first run of the Gold Nugget mill, and the results are entirely satisfactory to the management, as during the six days operations of the company's small plant the aggregate amount earned was about $900 the values saved in the concentrates making up the difference. The gold is the fin est quality of any in bar ever brought to Bisbee, and will bring about s2O.5O per ounce.
 This showing was made on the treatment of a little more than forty tons of ore that is considered Of a low CT grade than the remainder of ore which the company has in sight Yak ing the aggregate amount of ore in sight to yield as well as has the low grade ore treated during the first mill test, the company will be able to make handsome profits in the future, when additions have been made that will permit of much larger output. By the recent test the management has demonstrated that it can make a profit of between $14 and Sl5 per ton on its ore, which is fully up to expec. tations.
 Considering that the Gold Nugget mill has just been installed, the results are gratifying to all interested. Short delays were made necessary during | the mills first test on account of the usual adjustments, etc. consequent to the operation of new machinery, but the plant is now operating smoothly, ! and steady treatment of ore will con tinue in future.
 Conservative calculation as to what the company can do with its present ore bodies is more than sufficient to warrant operations on a large scale, | and the directorate deems it advisable, from the most economical standpoint, to at once increase the capacity of the stamp mill, and it has been decided l to do this. The cost of operation of | a five-stamp plant is but trifle less than the expenditure for the working | of plant twice the size, and thus l taking into consideration the very material saving in this respect, and also the fact that the output will be doubled, the decision is commenda. bIe.
 Steps will immediately be taken to secure the additional stamps for the ] mill, concentrators will be installed 10 properly handle the extra output, | and the company will also purchase | two new hoists to be utilized in the sinking of two shafts of five hundred | feet each on the lodges that have been | opened up. Development work is to | be carried forward more extensively 50 as to insure the life of the proper
 ty for long period, and from all in
 dications Gold Nugget camp will shortly be one of no little importance
 Having decided to carry out the above plans, the directorate will place 15,OOO shares of the treasury stock i upon me market at it's par value, ol | Sl per share. The disposal of this
 amount will bring into the treasury
 more than sufficient funds with which
 to purchase the additional machinery
 and equipment that is obe install
 ed. Thursday morning the alIotmen
 of stock will be open to subscription a
 the offices of the company's fiscal
 agents, Pritchard & Hagen, in tn,
 postoffice block, and 1t will most like
 ly be but a comparatively short tim'
 when the entire amount will be takel , up, as locally there is great confidence in the Gold Nugget property develop ing into a handsome paving enterDrise