The Virginia enterprise., 1907-08-23
DIRECTORS

DIRECTORS
MARCUS FEEp FAX sFSSSF RH%F rp44Ah2
Properties
lhe Fay-Cananea Copper Company has completed
it's organization and has commenced operations This
company was organized for the purpose of taking
Sonora Development Company, denouncements in ALL
total of 900 pertnences 1900 land all
OF which is heavily mnerazed, and lies in compact
bodies which lie one half miles apart An aver
age of 20 miles south of Cananea
Deve1opment Work
On the Azurite Claim, shaft has been sunk
from surface this shaft encountered the vein of cop
per coming from below in the shape of wedge.
The average assay ore taken from the shaft
gives 10 per cent "copper" 10 cent lead and 80 of
silver.
The company has recently started working shaft
under the outcroPPing of this ven and about 40 feet
vein so feet down from the the new shaft This
DRIFT when completed will cut the vein 100 feet below
begin immediate shipments of high grade ore This
vein is one and half miles long and all the
On the suphate Claim there is an antique mine con-
sst1ng OF two shafts 1OO feet deep from which the Mex
cans stopped out ledge of high grade silver ores
which they encountered near the surface followed
about 100 feet each way.
This is one of the many pay streaks that through
and parallel the large bodies of sulphate ores.
tunnel, starting the side of the mountain and on
level with the bottom of the Antique Shaft. The pur
pose OF this to drain the old works. This they
and continued the tunnel beyond and also driving a
crosscut distance of 40 feet did encounter the
hanging wall The tunnel and crosscut have both been
driven in vein matter the poorest of which
in values the highest $12500 per To whole
vein would give average of per cent copper
and ~ ounces silver cent sulphur and iron
This means splendid concentrating and self hux-
ing ore'
Louis Loranger, one of Duluth's most reliable
perts, sampled dump waste from the old workings.
The assay of said samples give $4,000 per ton. This
suPhate vein has been traced for two and half miles,
the Fay-Cananea Copper Company owns nearly two
miles 1t is believed that this viii prove to be One of
the largest and richest sulphate veins ever yet dis
covered in the southwestern copper country.
Here also the comPany has started to sink working
ings. This is the bottom of canyon and at the
foot of the hills the object being to sink to the 100 foot
from 200 feet below the outcrop before the LEDGE
has been crossed.
The two shafts above mentioned are being driven to
ore for early shipments At time the
company commenced to drive tunnel from the foot of
eastery slope This tunnel will be started AGAIN in
the future, and when completed will be nearly
5000 feet in length all through the companys land and
@ I 10 to 40 copper bearing Lodges
to mine ore before the same is driven 200 feet and
by the above that number of claims held by the
company have passed the prospect stage are now
known to contain ore in large qualities.
acquired by purchase of minerazed land in
the Mansin Mountains six miles southeast 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 pay the
1900 acres of mineral land above mentioned
TfeasurY Stock OHer4n9
The Board of Directors have authorized the Treasur
sell 25 900 shares of the Treasury Stock at par as
follows: $500 down, and the remaining $500 as called
for; dollar only be called for at time and sixv
days notice to be given prior to each CALL
Seminary
The company will begin to ship ore from one if not
both of it's bodies before July Is, 1907.
Further information to the companies properties
and development work of same, be obtained at the
Duluth office where maps of the entire holdings together
with specimens of the may be seen, and everv
facility afforded for the fullest Investigation, which is
cordially invited.
Remember this property has been paid for and is
entirely out of debt and has ample funds hand to
put the property a dividend paying basis.
Compare the acreage capitalization location of pro-
pertes, richness of and all other features of the
Fay Cananea Copper Company, with any other copper
company the continent, and you will once that
this is of the best investments offered to the
public and that in the very future will show
handsome returns the amount invested.
Make all Checks, Drafts and Money Orders to the
order of
FAY-CANANEA COPPER COMPANY
6lo-6m First National Bank Building
a. ~. E Du1uth, Minnesota -. Id.