Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1906-10-21
DETAILS OF
A BIG DEAL

Points copper +bra.
turned last evening from ~
ssan,hs eastern trip. He confirmed eh'
story published in the SILVER DEL,
ss.,..a, DAVIS ago regarding the sale OF
tho controlling interest IN the rive
Points to George Mitchell ana asso'
ciates of New YORK.
The deal however is much larger thar
had been minated to local s'och-
holders and officials of the company
nv the brief telegram from Mr. BTU
III. deal marks the entry into GloDe
district of two well established mining
companies now operating on a large
scale in Mexico.
They are Mitchell Mining company at
Guerrero, Guadelajara, and the pennsyl-
vania- Cananea Mining company, whose
mine adjoins the Capote NINE Oh the
Greene Consolidated Copper company
ot Cananea. and which is now making
REGULAR shipments to the Cananea smell
tor The name of the latter company
has been changed to the Pennsylvania,
Cananea & Globe Mining company, IN
view of their recent acquisition to
Globe district. Geo. Mitchell is presi-
dent of both companies.
The Mitchell Mining company through
this deal. acquires in this district, the
North Dominion property, situated one
mile and a half north of the Old Domin-
ion smelter and comprising four claims
which belonged to Charles Banker and
eight claims acquired from Charles
Schulze and sons, which are situated
ten miles westerly from Globe.
The Pennsylvania, Cananea & Globe
Mining company has purchased the
controlling interest in the Five Points
Mining company, comprising twenty
two claims, situated about twenty miles
west of Globe in the Pinto creek re-
gion.
This company has also secured three
groups of claims at Superior, in Pinal
county. the ores from which carry cop
per, gold and silver in payin quantities.
The owners of these claims were j. II.
Thompson of Globe, and Ed Fondren of
Superior, owning one group; Brown and
McGrew owning another group, and the
third owned by Lund and company.
The companies have already opened
bank accounts in Globe and the initial
payments on the properties purchased
amounting TO $4,000 will be made
within the next week.
of these properties acquired by the
Mitchell people, the Five Points has
gained more than local reputation. stock
being held in Bisbee and at other points
in Arizona, and also in the east. Ref
erence was made to the developments
on the Five Points in Saturdays issue
of the SILVER BELT. Suffice it to say
here that it is very promising pro-
perty, showing high grade sulphide and
carbonate ores in several openings.
The property acquired at Superior
lies adjacent to the Lake Superior &
Arizona mine on which important veins
of copper and gold ores have been
opened to a depth of 800 feet. The
ores on the Pennsylvania, Cananea &
Globe property at Superior are similar
to those of the Lake Superior & Ari-
iona and the lodges so far as pros
pected, are strong and well mineral
lied.
Work will be begun by the new own
ers on both these properties immediate
ly, starting with a force of thirty-five
men at the Five Points and nine or ten
at Superior, working two shifts. A
steam hoist has been purchased for the
Five Points property and has already
been shipped from the east, together
with other necessary mechanical equip
ment.
The North Dominion group secured
by the Mitchell mining company while
but little developed show strong lead
carrying high grade carbonate and oxi-
died ores at the surface. OF the
claims in this group. the Banker claims
are opened by shaft and tunnels to a
depth of about 70 feet, from which
some high grade ores have been taken
The North Dominion group is also
well situated, being adjacent to the Old
Dominion and Keystone claims of the
Old Dominion Copper Mining and smell
ting company and the John Haley
group of copper claims. They are not
more than mile and half from the
end of the G.. V. G. & N. railroad.
Work on the Schulze property has
been carried on for several years by
The Schulze boys with excellent results,
showing strong veins of copper on
several of the claims. Mr.. Britt has a
nigh opinion of this property on which
systematic development work will be
Begun at once with force of thirty
men, A steam hoist has been pur-
.hased for this group and it has already