Bisbee daily review., 1906-06-17
Operating in the Clifton District Is Owner of Very Rich Little Mine and Shipping Ore to Shannon.
The Last Lot Shipped Netted the Company Twenty Seven Dollars Per Ton With Plenty of Ore in Sight.

Geo. Walker in Boston Commercial.)
 New England & Clifton Copper com.
 pany, operating in the Clifton district,
 Is the owrer of very rich little mine
 l went through the property last week. As l understand it. 100000 shares of
 preferred and 100000 of common stock
 have been issued, the par value being
 S5, and tbe preferred being s per cent stock, cumulative after the payment
 or the first dividend. In addition to
 tLis, the company has s90,00O of bonds outstanding. This capitalization is
 far and away too large for anything
 the company has in sight in ils prop
 clties, or is at all likely to develop Nh6re woIK is now underway.
 The greatest mistake in the history
 of this enterprise was the consolida- ton of he New England with the Cliff ton Consolidated company. The New , England had shaft down in a splen- GiG little pocket of ore. The Clifton CWned tunnel and claims on both sides of the New England, carrying the vein in which the New England orc chute occurs. The New England diCn't need the tunnel, and its ON developments and explorations made i, quite clear at the time that the ore
 chute did not extend beyond it's Cop
 per Bullion and Solid Copper claims
 Its owners, however, were induced by
 SC ne means to join issue with the Cliff.
 ton Consolidated, which had very
 st ady record from its inception. Noy
 a ton of commercial ore has ever been
 developed iii the latter companys property, but its acquisition is appar- ertly responsible for the present con-
 panys abnormal capitalization.
 The New England & Clifton con-
 pany is using the long tunnel opened
 by the Clifton promoters. It has been
 connected with the shaft Of the New
 England at a depth of between TOO and 800 feet. The ore chute in the
 vein is about 400 feet long and car
 ries an average of about fl per cent
 to IS per cent copper from a depth of 50 feet 10 about $50 feet. At one
 point the ore comes to the surface.
 The vein averages about , feet wide,
 and within the limits mentioned must
 cC ntain 50,000 tons of ore which can
 Erobably be handled so as to net the
 company BIO to S15 per ton, or some
 where from s50,O00 10 s75O0O0. The
 ore is a highly siliciOus sulrhide, on
 which there is a smelling charge of about BIO per ton.
 From a depth of $50 feet. the grade
 of the ore declines rapidly. On the 400 foot level the vein is , feet to ' feet wide, and is f per cent concen-
 trating sulphide ore. It runs down
 to per cen or 3 per cent on the tun- Tel level.
 The company is now shipping 15 to 20 tons of II per cent to 15 per cent ore daily to the Shannon smelter. The 1 last lot shipped netted the company $21 per ton at the shelter. but from this the mining, haufage, freight and management expense would have to be subtrac(ed. An ore bin has been erected about 1-2 miles below the
 mine, for which distance there is a very excellent wagon road down the mountains. 4 20-inch tramway track is being constructed leading from this ore bin along the bank of the San Francisco river to a connection with the Arizona Copper company's rail- road. The construction of this tram way will cost about S15, 900. Work on IL io DCAIifs hSldJ S'i ttl PiNoChI bJ SNhA~ one who questions the company's right of way. After it is completed the New England & Clifton company
 should be able 10 ship 40 to 50 tons of | ore daily, and, if copper remains at it's present price, it should be able to earn considerable margin of profit,
 retire its bonds, and pay dividends on I it's preferred tociS. tt is figured that l the haulage on its ore from mine to l srelter, will cost only s1.iS per ton, compared with $2.50 at present, and | with such tow charge it's concentrat- | ing ores can be handled at fair mar | gin of profit.
 in addition to the tramway now un- ter construction. the company has a | neat and effective mining equipments which includes a small gasoline hoist, capable of handling about l ton of | ore at load. This hoist is in commits | sion, and is used to receive the ore | from the first, second and third levels and lower it to the tunnel where 1t is loaded into cars and drawn out by | mules. The property is in charge of
 an efficient manager and is being op- | e. ated economically.
 The vein from which the company secures it's ore is a Assure in solid granite. The company's large block
 ot claims are all in this granite, and
 they have been prospected very thor oughly. The vein has been tested by
 shafts and tunnels for a half mile | on each side of the ore chute and no
 values worthy of consideration have been located. Various small croppings I .T-- |. followed and tested by tunnels and
 pits, but the Investigations have been
 productive of nothing but disappoint- 1 ment.
 Some time ago the company pur-