The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1907-08-16
DIRECTORS

O4<EN1 Ot<S
MARCUS F Fax ef RR%R rr4AAh2
Properties
The Fay-Cananea Copper Company has completed
it's organization has commenced operations This
the holdings of the Fortuna Mining Company and the
Sonora Development Company, 1G announcements in ALL
which is heavily mnerazed, and lies in two contact
bodies which lie and half miles apart aver
age of 70 miles south of Cananea.
Development Work
On the Azurite Claim, shaft has been sunk on one
of the oucrops of this Deep At six feet
from the surface this shaft of cop
per coming up from the shape of wedge From
is feet the whole size of the shaft is also in COPPER
ORE The average of all taken from shaft
10 per "copper" 10 cent lead and 80 of
The company has recently started working shaft
below the collar Of the old shaft and will croascut the
vein 30 feet down from the collar of the This
the top of the orechute and viii enable the o
begin immediate shipments of high grade This
vein is one and one half miles long and all the
On the sulPhate Claim there is antique mine
ssting OF two shafts 100 feet deep from which the Me
which they encountered the surface and followed
about 100 feet each way.
This is of the many pay streaks run through
The Fortuna Mining Company recently drove
level with the bottom of the Antique Shaft. The pur
pose of this to drain the old works. This they
distance Of 10 feet did not encounter the
hanging wall. The tunnel and crosscut have been
values the highest s125o per on TO mine the whole
vein you'd give Of from 70 per copper
and ~ ounces silver 10 cent sulphur and
This means splendid concentrating and self flux
ing ore.
perts, sampled dump waste from the old workings
The assay of said samples give 10000 per ton. This
and fully 100 feet in width. OF this distance
the "a Copper Company owns nearly two
the largest and richest sulphate veins ever yet dis
covered in the south western copper country.
shaft at point about 500 feet southeast work.
ings. This is the bottom of the canyon
level drift cross-cut the vein This drift would
be from 200 to 25o feet below the oucop before ledge
The two shafts above mentioned are being driven to
procure ore for early shipments At the time the
the eastery slope This tunnel viii be started again in
the near future, and when completed will be nearly
anywhere 20 to 40 copper bearing lodges
From this tunnel the company and will commence
drift both each ledge when crossed It will
seen by the above that number of claims held by the
company have passed the prospect stage and now
known to contain in large qualities.
Since the organization of this company, they have
fe by PSGchase 100 OF land in
$30o0O00 divided into 100000 shares, par value of
800 EACH shares Of this has been placed in the
used to pay costs of organization and pay
200 acres of mineral land above mentioned.
TfeasorY Stock Oherin9
The Board of Directors have authorized Treasur
to sell 25OOO shares of the Treasury Stock
follows: $500 down. and the remaining $500 called
for dollar only to be called for at Time sixty
days notice to be given prior to each call.
Seminary
The company will begin 10 ship from if not
both OF it's proven bodies before July 49, 1907.
Further information to the companies properties
work off, he at +,o
Duluth where of the entire holdings together
with specimens OF the ores may be seen, and every
facility afforded for the fullest investigation which is
cordially invited.
Remember this property has been paid for and is +
entirely out of debt and has ample funds hand
put the property dividend paying basis
Compare the acreage, captalization location of pro-
Perties richness of same and all other features of
fay-Cananea Copper Company with any other copper
company the continent ard you will at that
this is of the best Investments offered the
public. and that in the very future will
handsome returns on the amount invested.
Make all Checks Drafts and Money Orders to the
order of ,E'
FAY-CANAFlEACOPPER COMPANY |
H.. 6l0.6n FIRST Nattesai Bark Baildinx
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