Bisbee daily review., 1906-05-13
Greene Gold-Silyer Company Takes Over Historic Proper ty and Also Buys Pilares Coal Fields in That Locality.
The Entire Stock Issue of the Trinidad Mines Company Is to Be Exchanged for Com mon ard Preferred Shares.

A deal has been closed and is now for the first time made public, where by the great Trinidad mine in Sonora, Mexico, has passed from the control of Los Angeles and San Francisco cap italists to the Greene Gold-Silver com pany, which has also acquired the Pi- lares coal fields in Sonora from Mir. F. A. Hartman of this city.
 The Trinidad mine has been worked more or less continuously, for three centuries. It is a vast ore body, 400 feet wide by 1000 feet long, and open ed to a depth of 200 feet Whether it is vein, chimney or deposit is not known. The deepest workings are in ore which shows no signs of failing.
 Through this great mass, high-grade streaks often of large size have been followed and worked out in every di- rection. There remains an enormous tonnage of what is, for that country, low grade ore, stated to run on an average from twenty to thirty ounces silver, from one to two per cent cop ner and about s gold.
 The Trinidad mine was owned and operated, during the sixties by Senor Matias AlZua, who was in his time one If the largest operators in Sonora and Sinaioa. After his death, Vice-pres- ident Ramon Corral, of Mexico, ad- ministered the AlZua estate; and it was through him that Mir. Davis Rich ardson, of this city, secured bond on the property early in 1903.
 Arrangements were made, shortly thereafter, with Los Angeles and San Francisco capitalists, whereby the Trinidad Mines company was formed to work the property. About s70,000 were expended, chiefly in development, as the property was well equipped. Results were not satisfactory, chiefly owing to Yaqui troubles which made transportation extremely costly. The mine was therefore shut down and ne gotiations for it's sale to the Greene Gold-Silver company have been in progress for some months
 Under the agreement, as finally con summated the entire stock issue of the Trinidad Mines company is to be exchanged for common and preferred shares of the Greene Gold-Silyer con- pany, on a basis said to be very satis- | factory to the former owners, of whom
 MT. J. Irvine of San Francisco, Messrs- Richardson Brothers of Los Angeles and Mir W. H. Burnham of Orange, this county, were the principals 1t is stated that the Rio Grande, Si- erra Madre & Pacific railway, now un- der construction by the Greene inter ests. will be deflected to touch at the Trinidad mine, which will be reached in about eighteen months. The road will be continued on to La Bufa and La Dura mines, and to connection with the Cananea, Rio Yaqui & Pacific railway, building east and north from Guaymas.
 In regard to the Trinidad mine, Col cnel Greene made the following state ment recently to the shareholders of his company:
 | Tn adGitIon to the properties before
 mentioned, the Greene Gold-Siiver company is also negotiating for the Trinidad mine which is an old mine situated upon it's mineral concession. | The Trinidad is one of the largest ancient mines in Mexico. having been
 worked extensively in the seventeenth
 century and many millions of dollars having been extracted from the sur face workings. We consider this one of the largest mines in the Republic of Mexico and, as it is adjacent to the proposed line of the Rio Grande, | OlcEId C dIiAAC dAAtOdds " HI be of very great future value. The
 Veta Madre mine. one of the largest
 ore bodies of the Trinidad group, car
 rfes high values in copper as well as
 silver. the ore affording a concentrate
 running 26 per cent in copper and 1900
 ounces in silver per ton. This prop erty has four hundred ton reduction plant in fair condition, and large bod. ies of timber land"
 For working the low-grade ores of the property, new oil concentration
 process. the patents for which Colonel
 Greene controls, will be used. It is similar to the Elmore process, except
 that the oil is made from mixture of paraffine and resin. The process has been thoroughly tested on tho Trinidad ores, and found to be partie,
 ularly adapted to their concentration The Pilares coal fields. where are important veins of anthracite coal.