Weekly Arizona journal-miner., 1908-07-29
SPLENDID OUTLOOK FOR CLIMAX
 COMPANY Fifty Thousand Develop ment Bonds To Be
 Offered

Offered
 | Ni'h au average of tnrcc miners working since October, 1901. thc prop. crtV pf the Climax Mining Company in
 'uc lIa.s1yampa district has produced -2G.Uun. l.JuU uf which was brought
 here in bullion yesterday from the
 company'- camp. The sl,j0O brick is inc result of recent run of tbc mill.
 One of the claims of The company's
 group of twelve locations. formerly
 known as the Montgomery" and
 later as the "Quartz Mountain," is
 the first quartz location eyer made
 north of the Gila River. II was dis covered and located in 1863 by Charles Gcnung, a pioneer miner of the terri tory, who is now dcyoting his time to the development of promising proper ties in the IIarqua IIala and lIarcuver mountains in the new copper country tributary to the rizona and California railroad. The rich surface ores were treated by the arasira process and the gold rc,ortcd in the barrel of an old shot gun, being the only treatment of reduction of gold ores cxtant in the territory. Hundreds of tons of ore car. rying values over sl,000 to the ton ha mic since its discovery. Since coming un. der it's present management in Scptcm. her, 1901. the mine is said to have paid it's own expenses in addition to pro. viding funds for the purchase and in. stallaton of new forty horse. power boiler in the mill.
 New camp buildings were recently erected to accommodate a larger force as developments on larger scale than ever are being planned. This will re. quire additional capital and it is for this that a block of bonds, limited to $50. .O0O, has been offered for sale by the company. The principal and in. terest of these seven per cent bonds is by the Granite Securities Company of Los Angeles, the standing If which is certified by Dun and Brad. | street as snown by special reports of these concerns.
 The equipment includes n ten-stamp mill, capable of crushing from twenty To twenty five tons of ore in twenty. Tour hours. Considerable ore has been | treated in the plant with good results since its installation in the early 90's.
 The property is located on the banks If the historic stream after which the | district is named on the southwest | slope of Quartz Mountain at an eleva- ion of i,500 feet. hTe mines bear an excellent reputation in the community since their discovery when the blood. thirsty Apaches held sway over the country. The district is noted for it's nigh grade ores and also for its rich placer deposits.
 "' "'hhk'Hi'Ht IN tOHScrNatINc and all money will be expended with the object of securing the greatest possible 'esults with n minimum of expense. The directors of tkc company are Lewis "olhey, ex-governor of Arizona, presi. lent and general manager; Ed. $. Wright, ex-county treasurer; Ray Hill. VI. F. spauling of this city, and R. NJ. Martin and J. K. Hawk, well.known Los Angeles business men.
 J. K. Truman, who has been operat. ng the property three years under case, arranged yesterday for years further extension. He has a large ton. 'age Of ore ready for treatment in the mn hs son as water power is install. 'd which can be milled at profit. Some of the ore is too low grade to nill with wood, the only fuel available. elling at s6 a cord. The camp is cached by wagon road from this cil, t IS located fourteen miles soutb of lere.