The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1907-07-26

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DIRECTORS 7"
MARCUS SAz sf KRS E44 rra1a1 R4YeHnRr
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. The tay-Cananea Copper Company has completed
it's organization and has commenced operations This
company organized for the purpose taking over
Sonora Development Company is denouncements in all
total Of 800 pertinences, 1900 all
OF winch is heavily n1ineralized and lies
bodies which lie and half miles apart an aver
age Of 20 miles south of Cananea. >#..1
Development Work .
On the Azurite Claim, shaft has been sunk on one
from the surface this shaft encountered the vein of
per coming up from below in the shape of wedge From
ore The assay of all taken The shaft
gives cent "copper" 10 per ounces Of
The company has recently started a working shaft
under the outcroPpng of this vein 40 feet
vein feet down from the collar of the new shaft Ths
drift when completed will cut vein 100 feet below
begin immediate shipments of high grade ore his
vein is one and one half miles long and all the com
tle sulphate Claim there is an antique mine con
sistng of two shafts 100 feet deep from which the
which they encountered the surface and followed
about 100 feet each way "a
and parallel the large bodies of sulphate ores. ]
The Fortuna Mining Company recently drove a
shs aas aas on
pose q this Was to drainthe old works they did
Sa spg
hanging wall The tunnel and cut have both been
values the highest s1256opcr tc To mine the Whole
vein would give Of from to per copper
and 70 ounces silver - cent sulphur some iron
This means splendid concentrating and
ing ore. *
49,. Louis Loranger, one of Dulutts most reliable ex
Perts, sampled dump or waste from the old workings
The of said samples give $4,000 per tom This
and averages fully 100 feet OF this distance
nS s 5eeve e a M nearly two
the largest and richest sulphate veins ever yet dis
covered IN the south western copper country
shaft point about SO feet southeast Of the old wor
ngs This is the bottom of the canyon at the
level and drift vein This drift woud
De from $50 feet below the outcrop before the ledge
! The two shafts above mentioned are being driven to
procure for early shipments At the time the
the eastey slope This tunnel viii Be started again e
the future and when completed will be nearly
anywhere to 40 copper bearing iedges
From ths tunnel the company can and will commence
drift both ways 81, each ledge when crossed It viii b
seen by the above that number Of claims held by the
known to contain ore in large qualities :
Since the organization of this company they have
Mountains Of ca .ana
$ :.
I 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 pay costs of organization and pay for the
200 acres OF mineral land above mentioned.
Treasury Stock Offering
The Board of Directors have authorized Treasur
to sell shares OF the Treasury Stock at par as
follows: $500 down, and the remaining $500 as called
for; dollar only to be called for time and sixty
days notice to be given prior to each CALI
Seminary
begin ,o+
both Of it's proven bodies before July Is, 1907
Further Information to the companies properties
and development work Of may obtained at the
Duluth Office Where maps the entire holdings together
specimens Of the may be- seem and every
aforded for the fu1eat which il
insited. ~. FEE. - - .
smenber this proper has been paid for and i
entiIey out of and ample flde on hand to
put tie property On q III fdend nSS3 IN haeie ~
Gon1pafe the acreals icstion q nro.
perties richness Of and all other features sc The
Bay cananea Copper Company with any other coppsf
on the continent and will once thai
is one Of the best investments offered to the
public, and that II the very future will sho
handsome returns on the 8
- % th1
order Of - Is
FAY-cA1ANEA CoPpzR COMPANY
! - so 81 f.F.t naesss. Baal Bsul.s
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