Arizona republican., 1908-07-26
From Territorial Points
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torney.
The Peacock group covers about
$40 acres. Much of this acreage is
well forested with large pines and
oaks and supplied with plenty of
fine water A conservative estimate
of the value of this wood places it
at $4,000. Its value as a mining
resource is, of course. very great.
By the courtesy of Mr.. Mckinley,
your correspondent was permitted to
take a full and careful view of the
district last week. Two main shafts
are at present being opened, though
the principle activity is concentrated
upon Peacock shaft No. l. about a
mile and a half from the springs.
The big sorrel team, whose virtues
certainly deserve a place in this re-
port, took us down the wagon road,
which has gained in smoothness a
good deal since last year, and which,
by the way, is to be still further i'm
proved by the Yavapai county sup
ervisors, who have appropriated
about $4,000 for this purpose. We
found a neat little settlement of six
home and the boarding house, engine
house and barn. The smoke from
the tall stack and the tinkle of the
signal bell told of activity above
and below the surface. The work
on shaft No. 1, which is being put
down at the junction of two lodges
believed to unite several hundred
feet down, is now being done by
contract by r. A. Lamb and o.
Holdren. Two eight-hour shifts, day
and night, are at present working
and a third shift will be added as
soon as it can be operated with ad-
vantage.
The shaft is now down a little
over 200 feet. The present con-
tract is for continuous work and
will probably go down to the 200
or 500 foot level. Crosscuts are to
be made at each 100 foot level. The
plant comprises a 6xS Vulcan geared
hoist and a 80 horsepower boiler,
power and appliances sufficient to
sink a 1000 foot shaft. A good
substantial engine house has been
built and all necessary tools of all
kinds for mining and carpenter
to run down to the 400 foot level is
on the ground convenient for use.
Plans are under consideration for
the installation of a portable saw
mill on the property. thus utilizing
the growing timber right where it is
needed, saving all expense of freight
and hauling. Thus far two crosscuts
have been made in the shaft, one at
the so foot level of 80 feet, and the
other at the so foot level of 20 feet.
At a depth of Sc feet, 20 tons of
rock was taken out, shipped to the
Humboldt smelter, producing an av-
erage net return of s23.65 copper
per ton. At the $50 foot level II
per cent copper and s12 gold per
ton was assayed in a general sample
across the shaft. Across both shaft
and crosscut at 100 feet the return
was $4,000 per ton of copper and
gold. Black sulphides appear at
the 200 foot level and the prospect
of increasing richness of ores seems
very flattering. Copper predomin-
ates in this shaft, though it will be
seen that there are also large gold
values available. Sample assays, of
seen on file in the managers office,
THE vein on the surface, about 40
feet wide, $11.20 in copper and gold;
at so feet, IS feet wide, no hanging
wall, S13SS; at IS feet across shaft,
copper and gold. s26.26; at the $50
foot level, 20 feet of ore, still no
hanging wall. $1,000 gold and cop
per; width of shaft at 1S5 feet, $41.S5
in gold and copper"
The company does not owe a dol
lar except the monthly expense ac-
count for which money in the bank
awaits the treasurer's check. Work
is being conducted on a strictly
cash basis for the protection of the
stockholders. Facilities for ship
ment are exceptionally favorable. a
spur track from the curve just be
low Iron Springs of not more than
three quarters of a mile length and
two per cent grade will bring ore
cars to the mouth of the shaft. All
indications point to a careful and
business-like management. The
president, in overalls and jumper, is
on the spot as general manager,
and the company's office is in one
corner of his coy bungalow, thanked
by the family piano and graphic
phone, not in extensively furnished
apartments at the Prescott head
quarters. Mr.. Mckinley has already
invested about $4,000 of his own
resources in this work for which
he has taken stock in payment. In
fact, every available dollar goes into
the ground. Evidently the manager
believes in his mine and it is not
easy to escape the cOntagion of his
faith as one examines the property.
The Peacock" group is so called
from the beautiful peacock blue ap-
pearing in the rock when broken,
some of which outcrops upon the
surface near the shaft. On the east
of the copper ledge now being
tapped. and, it is believed, uniting
with it at depth of several hun
dred feet. is a dixie of iron and
lime 5000 feet long with an exposure
of about so feet. It's value as a
smelling asset will be readily appre-
ciated. The company has secured
valuable water rights reaching up to
the Iron Springs, and the canyon