Weekly Arizona journal-miner., 1908-08-12
MIAMI MINES ARE
 GOING TO BIG rNrrppsrs
'From Thursdays Da,,v,

'' "'Vtiou lnmcliatpiv oo',ou"n'ng the Miami Copper Comma. ny s holdings has grown to sch n,o portions as tO dwarf, tempora,iIy ., vast, m'hing operations in other narts ot Globe district. Transfer, of n;nino claims in that locality have hoor nu merous during the past several weot. ana negotiations have been ouio,ly conducted that their significance b,. not been generally realized. The bond ing of the Montezuma group for sI5o. ooo, announced in the Silver Bel, os 'uiy Si' is the largest transaction since the Newman option on the Kevs,ono property was confirmed in June Inn, there has been number of sm,,,., deals involving the transfer of sinyls claims and small groups, some of which are bonded, while others were cash transactions. In fact, large par, of the mineral ground around the Miami property nas been tied up. There are. to be sure, notable exceptions. sueh important properties as the Inspira. tion, Eureka, Live Oak and others of less note, which are held at stiff prices ranging from sl,5OO,OOO down to slo.. ooO or sl5,O00, negotiations for some Of which are now pending.
 While we might make close guess as to the interest, or interests. seeking to control. section two or three miles in extent along the Inspiration mineral zone, yet it is not necessary to our which is simply to give wider publicity to the important movement in that locality wnich foreshadows a tremendous expansion of copper min. ing here that is bound to come within the next few years and which will make of Globe a rival of Butte, Mon. tana, as center of copper production.
 A small force was put to work on the Keystone property last week mak. ing roads and trails to facilitate the moving of machinery and supplies, and grading sites for drilling rigs. It is to prospect the ground by sinking a series of holes. 800 feet deep and goo feet apart, with churn drills. This method of prospecting the ground has been adopted upon the theory that the Keystone property carries the con. tinuation of the immense sulphide de. posit opened in the Miami and Inspir. ation. Prospecting with church drills is both cheap and expeditions, and saouid also prove effective in extensive ore deposits such as is being developed on adjacent properties.
 Indirectly, we learn that the devel- opments in tho Montgomery mine of the Warrior Copper Company continue of n phenomenal character and go far to prove the Montgomery ore body to be one of the largest and richest yet discovered in the district.
 The work of opening the fourth level at a depth of 670 feet in the Red Springs shaft and opening the great ore deposit on the levels above pro- ceeds steadily and with highly favor able results. Ground for two pumping stations has been purchased, one of 20 acres in Miami valley from J. Me. Lane, and another of 10 acres on Pinal creek from Robert tSead. It is pro- posed to pump water from these sta tions for use in the mill, which is to be located near the mine.
 Since the receipt at the New York office of the company, of !. Parke Channing's report of his recent examl' nation of the property, there has been very active buying of the stock on both the New York and Boston curbs which mas advanced to the price of 9.25 per, share. The Boston News Blu reau says that, owing to the increased volume of ore which has been placed in sight, the initial capacity of the mill to be built by the Miami company will probably be 2,OOo tons, instead of I,O0O as first planned. A 2,OOoton mill would permit of an output of 3o'' OOO. .O0O pounds of copper per annum'