Arizona republican., 1907-11-26

ming greater things. The financial
 conditions have made things just a lit- tie tight with them for few days but as will be explained it will be only tenn porary and there will be no stoppage of operations.
 The history of the mine in brief is
 that it was proved a bonanza many
 years ago. was equipped with a big
 mill and subsequently, another one. has
 been sold for large figures several
 times. and is today producing and con
 sidered bigger and better than 1t ever
 was The present company a year or
 so ago secured the property on 99-
 year lease which amounts practically to a sale so far as the people now on
 earth are concerned. The mill was re-
 paired and forty stamps have been
 running for a long time and it is ex-
 pected will continue to run.
 The property consists of the old Be-
 nanza mine and another group known
 as the Golden Eagle. more recently ex-
 plotted. Recently a large body of high
 grade ore was opened up on the Golden
 Eagle and thirty-five stamps are now
 being supplied with it. The other five stamps have been supplied with the old
 Bonanza ores removed while the mine
 was being cleaned up and put in shape
 for deeper development. These ores
 were not so rich but now that the
 property is well cleaned up and new
 bodies being revealed the appearance of things is very gratifying. The Gold en Eagle has large quantity of lower
 flo hat haG kaaninas fha mill busy until the recent higher grade
 body was opened up. but the low grade ores were found to be quite base and
 only about 50 per cent of the values
 could be saved on the plates. The oth-
 CT 40 per cent escaped in the tailings.
 This opens up the subject that Is now
 engaging the attention of the company.
 There Is already on the ground tail ings dump of probably 200,e00 tons, the accumulation from the milling of for
 mer years. and it has been estimated
 from sampling that the tailings will
 carry s3 per ton in gold. Previous to the acquiring of the property by the
 present company Barney Quinn erect ed an agitation cyanide plant of ten tons capacity as a sampler. having in
 mind the securing of the tailings for their exploitation. The little sampler was operated successfully but the sale
 of the property prevented Mir. Quinn's plans being fulfilled The company now proposes to work these tailings by
 the agitation cyanide process but to do so on a large scale will require an equipment of considerable size and in- volving d considerable outlay of cap ital With such plant also the 40 per cent lost in the Golden Eagle ores | will also be saved and those low grade
 ores may be worked to much greater ladvantagc.
 This project will require consider
 able money and it is quite likely it would have been raised in regular
 channels though about the time the need of 1t was realized the new body of high grade ore was found in the Golden Eagle and now the entire mill | is being fed with it as fast as pos sible
 Eventually the mill would be able to | furnish this money if the high grade
 ore holds out but time is considered money by the mine management az
 well as by other people and if d suf- | ficient amount can be raised at an ear Her date. the sooner will the company begin 10 realize from the values in the immense tailings dump. The same re- suit can be obtained in six months that it would take two or three years for
 the mill to accomplish.
 II was gathered from others in com pany has decided to dispose of some of it's treasury stock for the purpose of building the cyanide plant.
 though t will not be sold at less than par. Just what the re- suit of the milling of the high grade ore will be cannot be told yet but it is quite likely from the values now being secured that the stock sale will not proceed far before the mill will be
 returning a working capital that will make 1t unnecessary