Los Angeles herald., 1907-12-16
BIG FIND
IS MADE
AT KOFA
YUMA COUNTY HAS ANOTHER
IMPORTANT DEAL.
CINEQUITA COPPER COMPANY
BUSY
Saddle Mountain Mining Concern,
Which Is Located in GiIa
County, Bonds Itself
for 100000
Special Correspondence of The Herald.

Special Correspondence OF Inc Herald.
PHOENIX, Ariz., Dec. 15.-Yuma
county has another 100000 mining deal
to its credit. A party of Michigan cap
italists who are heavily interested in
copper properties have closed, with Nc
Mahon and Thomas Bouse for their Lit
tie Dutchman group. The price of the
bond approXimates 100000 and the Michi-
gan people have also taken over the
Reid, copper, and the Old Maid, gold
prospect, in the same belt. They are in
gold country and all of the prospects
look like future mines. The Michigan
people are not amateurs and they under
stand how to go about work in order to
secure results. They think their dis
trict is not unlike Goldfeld.
Mr.. Tom S. Lewis, the general super
intendent of the Cineguita Copper COM
pany whose mines are located in the
Sierra Madre mountains, recently made
the following statement regarding the
property:
1--WE are now employing more than 500
men in the Cineguita mine and we have
already completed more than five miles
of underground working. Two furnaces
are in full blast and we are busily MAX
ing mat which is averaging values in
the neighborhood of $500 every twenty
four hours. These will value from $500
to $500 a ton and is perhaps the richest
in that entire section. 1t assays 90 per
cent copper, from $50 to $50 ounces silver
and three to four ounces of gold. We
are piling up the mat, which will await
shipment until such time as the
Cananea, Yaqui River & Pacific railroad
builds to Cineguita, the town being about
thirty miles from the mine. The roads
from the mine to the town are good and
we will use automobile freighters with
a carrying capacity of from five to seven
tons. Eighty-one cargoes which we re-
Gently delivered to Chihuahua paid us
over $6000."
Regular shipments of heavy tonnage
from the Antietam mines, owned by the
New England and Clifton Copper COM
pany continue to the Shannon smelter.
Although the company has curtailed
working forces to cope with the recent
low price of the yellow metal, it is now
in a position to hold it's own. The ore
from the Antietam mines, owned by the
the new tram is a money saver to the
company. The ore body is of exceeding
ly large size and reports are to the
effect that it is getting better. Prospects
are good for the Antietam making one
of the big properties Of the district.
Should the price of copper range at an
other high level, which it no doubt will,
the New England should prosper with
flying colors. 1t then will be in a posi-
tion to become the third big company of
Clifton.
Another Mine Bonded
The Saddle Mountain Mining company.
whose property is located at Christmas.
in Gila county, has filed mortgage on
it's properties, including the mines and
smelling plant, for the sum of $1,000,
00O This mortgage was made for the
purpose of discharging the company s
and IN creafa an oparo ~, =.
fund to be used when the copper market
shall have returned to normal conditions.
An important mining deal was con-
suminated last week when the title ia
the Monte Cristo group of mines in the
Black Rock district passed from the
Monte Cristo Mining and Milling COM
pany to the Yavapai Silver Mines COM
pany, under bond. The consideration OF
the transfer is $4,000, $1,000 of which was
paid down, the balance to be paid in in
stallments covering three years.
The deal was made by Oscar Jennings
e. Bro, who are heavy shareholders in
the purchasing company. Jennings
brothers have been operating the prop
erty for the past year under lease. They
have made several carload shipments OF
high grade silver ore from the Monte
Cristo claim, in doing development, the
proceeds of which have more than paiC
all operating expenses after transporta.
ton smelter and royalty charges were
deducted. There is now a large amoun
of ore on the dump and in sight at the
mine, some of which samples 1000 ounces
to the ton in silver.
The new concern is making prepara
| tions to start development on more ex
tensive scale than ever before attempted
on the claim.
J The group, consisting Of three claims