Bisbee daily review., 1905-11-05

nancing the project if the expert wno
 is later to examine it makes a favor able report In that case, at least
 $25,000 will be raised, a good sum be-
 ing required at the start, as consider
 able money must be expended to bring
 an adequate supply of water for min. ing purposes to the camp.
 The New Yorker states that there
 Is abundant capital in the east seeking
 investment in tke mining industry,
 and that Yavapai county has a large
 share of attention directed to it by intending investors.
 s
 News was given out yesterday after
 noon of a strike that means much to Phoenix and to Arizona's mining in- terests generally speaking. The strike was made by R. G. Hamilton and his cousin c. c. Sager and indicates that
 there is a copper vein within eighteen | miles of this city that is richer than the famous United Verdes ore in cop
 Ter and which carries values of about | ST in gold.
 Mir. Hamilton has been employed in
 the Cave Creek district for several months by the Fortuna Gold & Copper | Co., headed by c. M Clark the local mining promoter. During September development work on that mine was | suspended on account of the presence of too much water. Pending the ar
 rival of some mining machinery
 Messrs. Hamilton and Sager set about to do some prospecting.
 Following the compass in the direct
 line with the old Union Vein they
 went about two miles northwest and
 there found the croppings of what will ! probably prove to be very rich cop | per and gold mine. The samples as | above stated assay nine per cent cop | per and about SIT to the ton in gold. The cropping Is about 2,0OO feet long and fifteen feet wide and Messrs. i Clark, Sager and Hamilton have stalk | ed off several claims and will organize
 a company to develop their new prop l erty.
 | Several other mining men have | staked off claims adjoining theirs and ] as soon as the news spreads it is ex- | pected there will be a rush of pros | Pectors and investors to that section. | The vein in question points directly
 to Jerome as straight as the crow flies and the gentlemen believe that iU is
 an extension of that famous body of ore. What it will prove to be upon developing is matter for conjecture | but it is a safe prediction that it will prove to be one of the richest mining properties in the country
 The famous Calumet & Hecla mine ] O Michigan, which Is one of the rich | est, if not the richest in all the world, carries less than 4 per cent of copper | and no gold. The United Verde car
 ries less copper than the new strike carries in the samples tested and has a lower percentage of other minerals. The strike was made October 1, but
 the gentlemen making it said nothing
 about it at that time They have just about finished locating and are now ready to let the world know what the hills of Cave Creek contain that it ipay help itself to what they have not taken if it so desires.
 The only parties who learned of the find were a few mining men employed at the Fortuna and they have all taken claims in the vicinity.
 Speaking of the Fortuna, Mir Clark says it is proving to be all that he and l his associates had expected of it and they expect to have a splendid mine there. The ore averages $40 in gold. Mir. Hamilton is about the most op- | timistic man about the district to be found, is one of the lucziest mining | men in this section and has found ' we'll He pins his faith on the new
 strike in the entire district.
 For example he informed a Ga | zette representative that Billie Will Hams ot this city, formerly an attache
 of the sheriff's office, has a property | in the Cave Creek country near the | Fortuna and he is using an old-fash- toned arastra and making it pay. | That, be it known, is about the slow | est possible process and if he can ! make it pay that way there would be a fortune in it with modern equipment | and MT. Williams proposes to secure modern machinery in the near future. | The section in which the strike
 made by MT. Hamilton and Mir. Sager | has been prOSpected for the past thirty | S0olS OuC lAe mdJOFlIy or the pros pectors were looking for gold, not
 copper. However, copper mining pays
 nowadays and the copper mine Is
 sought as much as the gold mine
 There is plenty of water at this point
 and everything is favorable for de-
 yelopment. A company will be or
 ganized at once and bonded with a
 view of pushing development work. 1 BLACK MOUNTAIN MINING