The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-07-15

| Special to The Daily Record.
| Carlsbad, N. NJ, July 15.-Messrs-
A. R. Forsyth and ]. A. Norman, of
| Roswell, are in the city interesting
| Peak Gold Mining and Milling Com
| pany, and have succeeded in getting
! some of the most substantial business
\ men of the city to subscribe for stock
| of the company.
4 This company was incorporated in
1905 under the laws of New Mexico
in the sum of one million dollars, and
work has been steadily prosecuted at
| the scene of the holdings, six miles
/ southwest of Nogal and one-half mile
north of Nogal Peak, in Lincoln coun-
| ty. The company owns 165 acres of
land and it is considered one of the
best paying gold mining properties in
New Mexico.
The active operations that have
been under way in the past few
months at the mines has been under
the personal supervision of A. ].
Crosson, a mining expert of thirty
years experience in the Colorado min
| ing fields Mr.. Crosson is in Carlsbad
with the Messrs. Forsyth and Nor
man and gives a glowing description
of the prospects of this field. He said
that in time it would revolutionize
gold mining in New Mexico, and this
field would prove equally as produc-
tive as many of the mines in Colora-
do that have been worked for twenty
five years and in all that time have
been paying propositions
There are eight fissure veins of
gold. which lies in granite and por-
phyte. There are five mines of the
property that are already being work
ed, and three more will be added at
once. Mine number one has a shaft
down 118 feet and another shaft Is
feet and tunnel 226 feet long. Num-
| ber two has shaft down twenty feet
and tunnel has been started. Num-
Der three has a shaft down 25 feet,
with a tunnel 65 feet long. Number
four has a shaft down IA feet and
| work will be started on the tunnel at
once. Number five has a shaft of 1S
| feet and work has been started on
the tunnel. All of these mines are
within the area of 165 acres owned
| by the company, and show that alrea-
dy active operations have started un-
der the direction of Mr.. Crosson.
The property is located miles
from the Captain branch of the Rock
| Island Railway, and it is the inten-
tion of the company to Immediately
construct narrow guage railway to
| the scene of the mines up Turtle
Leta Canyon. This route would re-
quire very little grading, and already
/ two miles of wagon road has been
graded and the ore will be hauled to
the Rock Island by team until the
narrow guage road has been COM
Ipleted.
| The camp presents a scene of min
| ing activity of the early days and
camp mining houses are being con-
structed A mill will be erected at
once, and there is an abundance of
pure water for drinking and milling
lpurposes and an unlimited supply of
timber.
| Prospecting mas been going on qui-
city at this property for ten years by
". A. Norman who discovered it and
who is now one of the principal stock
holders of the company that has ac-
quired it.
| The assayed runs of gold are from
SIS to $50, mill run, and assays from
$1S to 5000 per ton. The ore is iron
and gold in porphyte quartz.
1t has been contended for long
time that the wealth of mineral of
all kinds and especially gold, has
been untouched in this Territory, and
that New Mexico was just as wealthy
in gold and copper as Arizona and
colorado, needing only to be prospec-
tied to get it from the mountains. True
There are geographical lines between
New Mexico, Colorado and Arizona,
but as has been said by mining men,
Mature has made no dividing line,
and the same veins and strata that
exist II Colorado and Arizona run
through New Mexico" All that is
needed to develop the vast neglected
mining resources of New Mexico is
capital and brains.
!. The fact that this company is a 10
: cal one, and tnat the officers and
stockholders are men of wealth and
lstanding lends much Importance to
!, the project and shows that it is not
made UP of designing promoters from
!, the outside trying to work the people
A R. Forsyth, the president, is a re-
tired merchant of Roswell. The vice
ipresident is Newton C. Stansell, of
IRoswell The treasurer is HI. P Saun
ders, cashier of the American Nation