The copper era., 1907-10-03

had been struck in the copper shaft,
which is less than $50 feet deep. The
gold is also looking well and Manager
Beauchamp left this week to investi-
gate the stamp milling proposition.
Bacon and Langerman are still 60
ing ahead with their new mining en-
terprise this side of Morenci. Small
daily shipments of silver ore is being
delivered to the Shannon and car
load shipment of better grade ore
was made to Douglas this week. 1t
is reported that the property is look
ing nicely and that more active oper-
ations will be reached in short
time. A wagon raad is being built
up the canyon to the claims, upon the
completion of which shipments will
probably be increased.
RICH STRIKE ON THE LAURA MINE AT
STEEPLE ROCK.
A remarkably rich strike has re-
Gently been made on the Laura mine
at Steeple Rock, Grant county, New
Mexico. In starting an upraise for
stopping on the 3OO-foot level large
body of ore was encountered, heavily
impregnated with argentite, cerargy-
rite and pyrargyrite, silver glance,
horn silver and ruby silver and car
ries heavy gold values. Two carloads
of this character of ore have been
already mined and the rich shoot has
opened to twelve feet in width and
the walls have not been reached.
The length has not been determined
and the ore still shows as rich as
ever, twenty feet high in the up
raise. Grab samples assay from $500
to $500 in gold and silver, and the
whole average is estimated to run
several hundred dollars per ton. 1t
is conceded by the management to be
the same ore shoot that was enCount-
cred in the first and second levels.
This is the stopping that has been
started in the mine, all work hereto
fore having been sinking and drift
ing The mine has been producing
about carload of shipping ore per
day from this work alone since it has
been lately re-opened. The mine
was purchased twelve years ago for
100000 by a syndicate of New York
and Paris bankers and has been shut
down ever since until a few months
ago. Harold G.. Z. Spence, while in
Europe recently, succeeded in OBJ
tanning u long time bond and lease on
the property and has been working
it in conjuction with Fred Perry, of
Clifton. About forty men are at
present employed.
THE TWIN PEAKS MINING AND MILL
ING COMPANY.
has been Incorporated under the laws
of New Mexico, with a capitalization
of sI,5O0,OOO, shares 81 par value.
The incorporators. are the Messrs.
Fraser Bros. of Steeple Rock, Grant
Co., N. M, A. N. Newhouse and G.
Newhouse of Phoenix, A. T., and J.
f. Fraser, of Bottineau, North Dako-
ia. This company owns a group of
"A gold and silver mining claims and
group of six copper claims in the
Northern part of the Steeple Rock
Mining district which has the ear
marks of great future value. Sever
al hundred feet of work has been
done on the different claims, aggre-
eating about 1000 feet on all the
claims, and each claim has been de-
veloped by shafts from 30 to so feet
in depth, all sunk on well defined
veins and some on very rich ore
shoots. Particularly is this so of the
Long Chance claim which has been
opened by shafts, proving an ore
shoot for over 500 feet along the vein.
Average values from these workings
taken by mining engineer of inter
national reputation, who also report
ed on the claims for eastern capital
lists, gave returns of from $40 to $l65
per ton in gold and silver, with a
total average of $50 per ton, which is
Il remarkable showing considering he
width and consistency of the veins,
these samples having been taken
from y width of from . to 10 feet and
from various shafts. Gold can also
be PANIED from any of the workings
on the property and in the creek bed
of Utah Creek and Apache Creek,
which cross the property. The cop
per properties are situated three
miles away from the above group, on
the contact of carboniferous lime
stone and the altered andesites, some
of the veins occurring as assures in
the andeSite with high grade copper
values, samples assaying from 10 to
30 per cent. copper, besides some gold
and silver values. These properties
we're discovered some years ago and
several other persons were interested,
chiefly party of Colorado prospec-
tors, who, with one of the Frasers,
were the discoveries. The present
incorporators have succeeded in pur-
chasing these interests, and the Twin
Peaks company is the outcome. The
Fraser Bros. are well known in Grant
county as being quiet and steady
workers and practical miners and are
to be congratulated on having been
able to acquire such valuable prop
osition. 1t is stated that on the
strength of the report referred to, all
necessary money has been secured to
enable the company to equip the
property with machinery and prose-
cute the development of the ore
bodies on large scale, several east
ern bankers and capitalists having
become interested in the proposition.
Mr.. Harold e. E. Spence, of the
Steeple Rock Development Company
has been retained as consulting en-
gineer.