Bisbee daily review., 1908-03-20
fasteners
Will OPERATE
PHOENIX Mine
After Seven Years of IdIeness
Work On Property Will Be
ReSumed-0utlook for Sue
cess Is Bright.

PHOENIX. March 19.-The PhosniS
Mine. located four miles north of Cave
Greek. will resume operations in about
two weeks, after being idle for the
past seven years. A bond and lease
has been taken on the property by
Charles p. Lockhart of this city and
Mr.. Goerner of Kansas City, Mo-,
for the next five years. The company
which will operate the mine viii not
be Incorporated, but will probably be
called the Standard Gold company
with Mr.. Lockhart and Mr.. Goerner as
sole proprietors. managers, directors
and in fact the whole thing. The
money for operating the mine has al
ready been secured and the gentlemen
have enough to carry out the plans
which they have undertaken.
The deal has been in the air for
some time. Several weeks ago Mr..
Lockhart and Mr.. Goerner left for
New York to close up with the bond
holders throgh their attorneys, Hatch
and Cluett. After the transaction
was contaminated Mr.. Lockhart re
turned to Phoenix and Mr.. Goeraer to
Kansas City. Saturday tae latter ar
rived and preparations have been be-
gun to start the mill as soon as pos
sible. They figure that all will be in
readiness to steam up in two weeks
and the sound of the stamps viii be
heard in that section.
The present mill at the Phoenix
mine will be overhauled and 80
stamps win be utilized at once. The
plant is very extensive one, and was
erected about ten years ago, at a cost
it is understood, of $125,OO0. 1t has a
fine 250-horse power Corliss engine,
two battery boilers, 20 stamps, most
extensively equipped laboratory, a
concentrating and cyanide plant and
other machinery. There are several
cottages and other buildings at the
camp.
James p. Colp, well known chemist.
electrical engineer and all-round mill
man, has been employed, and will go
out to the mine today. He will have
entire charge OF the running of the
plant. Just how many men will be
used has not yet been determined. The
lease and bond covers the four claims
on which considerable work has al
ready been done. One of the shafts
IS down 200 feet and there are a num-
Mr. Lockhart speaking yesterday.
concerning the property, said that ne
had had at least forty tests made on
the ore, had gone over the enti.eI
workings and believed that they had
a good thing. There are at least 200
tons of ore on the dumps and Mr..
Lockhart figures fully 100000 tons of
good ore in sight. 1t is strictly a low
grade proposition. The lessees are
not making calculations on any other
basis. From the tests which have
been made Mr.. Lockhart says that it
has been demonstrated that the ore
averages $40 in gold per ton. Some
of it ran as low as $3.50 more assay
ing to 81 per ton.
By working it along economical
lines, Mr.. Lockhart says that the mine
can be made to pay good returns on
the Investment. Other workings on
adjoining properties have shown up
ore with values up to $50 per ton, every
encouraging feature Mr.. Lockhart
says he has gone into the proposition
to make it a success and while he is
making no glowing predictions he is
confident of the future results proving
the venture a profitable one in every
way. The success of the Phoenix
mine, will mean a great deal to the
Cave Creek section and accelerate the
movements along the mining line.
Mr.. Lockhart nas been a resident of
Phoenix for about six years aRd is a
nephew of the late Charles Lockhars
the Pittsburg millionaire.