The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1907-08-09

+ A Y CA N A N & A
COPPER COMPANY
General Office: 61o-611 First National Bank
Bu1ding Duluth. MINI.
Local Office: Bisbee Arizona and Cananea, Mexico |
Capitalization 100000
Par Value Of Shares, $500
incorporated Under the Laws Of Arizona
OFFICERS
WEf9s K Fs% o fs
GEoKeE FAY, Duiuth, minnesota SECRETARY
SS $sS
DIRECTORS
aF FAX G. KHS* rrAAAH RAueHnFrz
Properties
The Fay ananea Copper Company has completed
it's organization and has operations. This
company organized for the purpose of taking
Sonora Development Company, 16 announcements in ALL
total of 800 pertinences 1900 of land all
OF which is heavily mineralzed and lies in two compact
bodies which lie miles apart an aver
age OF ~ miles south of Cananea.
Development Work
On the Azurite Claim shaft has sunk on one
from the surface shaft encountered the vein of cop
per coming from below in the shape wedge. From
The average assay of all the shaft
Is per cent 10 lead and 80
silver:
The company has recently started working shaft
under the o%tcroPpng of this vein and about 40 feet
vein 30 feet down from the collar of the shaft This
drift when completed will cut the vein 100 below
fhn of fl1o0
begin immediate shipments of high grade ORE This
vein is and half miles long and COM
pany's land
On the Sulphate Claim there an antique mine con-
ssting of two shafts 100 feet Deep from which the Mex
about 100 feet each way
and parallel the large bodies of sulphate ores:
The Fortuna Mining Company recently drove a
level with the bottom of the Antique Shaft The pur
pose OF this was to drain the old works. This they did
distance of 40 feet did not encounter the
hanging wall The tunnel and been
in Values highest s25o per ton To mine the whole
vein W you'd give an average of from copper
This means splendid concentrating and self Aux
ing
Pers, sampled dump waste from the old workings
The assay of said samples give $4,000 per This
and fully 100 feet in width Of distance
the the yICananea Copper Company owns nearly two
OF
the largest and richest sulphate veins yet dis
covered IN the south western copper country.
Here also the company has started to sink working
shaft at point about 500 feet southeast of the work.
This is the bottom of the canyon at the
foot OF the hills the object being to sink 100 foot
level and drift to cut the vein This drift would
be from 200 to 2O feet below the oucrop ledge
has been crossed.
The two shafts above mentioned are being driven to
for early shipments. At the time the
company commenced to drive tunnel from foot of
the eastery slope. This tunnel will be started AGAIN in
the near future, and when completed will be nearly
5000 feet in length all through the companys land and
anywhere from 20 to 40 copper bearing lodges
From this tunnel the company and will commence
to mine before the driven 200 feet and will
drift both each ledge when crossed. 1t be
seen by the above that number of claims held the
company have passed the prospect stage and now
known to contain ore in large qualities.
Since the organization of this company, they have
acquired by purchase of mineraized land in
the Mansin Mountains, six miles south of Cananea
Capitalization
100000 divided into 100000 shares, par value of
$500 EACH 100000 shares of this has been placed in the
Treasury and the remaining 100000 shares have been
used to costs of organization and to pay for the
22OO acres of mineral land above mentioned.