Bisbee daily review., 1908-03-29
WASTE" ROCK IS NOW
 IF B|G VALUE
Huge Property Deposits of Utah Copper Company Can Now Be Mined and SmeIted At Cost of 8 Cents.

Boston, March 2S.-The United searched from end to end in an endeavor to discover new deposits of
 copper which lie near the surface and
 can be mined at low cost.
 It was only five years ago that it
 was discovered that the big DOT
 phyry deposits in the Bingham U tah camp, for years regarded as waste
 rock, could be treated at a commer-
 cial profit and an average of 25
 pounds of copper per ton of rock re-
 covered, and today the Utah Copper company, controlling this vast depos- it, is turning out nearly 100000 pounds Of copper per month and should soon be outputting 5.000,000
 pounds, enlarging it's plant to ca pacity even greater than the latter figure.
 About three years ago the big DOT
 pliyry deposits Of Ely, Ney, were dis covered, since which time the Negada Consolidated Copper conpauy and the Cumberlan l-Ely conlany fcDu. tic-Ied by the Gl3genhei4n&) uW ning these deposits, nave exaeNded Si5,- eco in preparation for mining Pro duCtion should commence within a ccnni ratiyely few weeks.
 These big deposits in Bingham and Ely have been the only large sources Of new copper supply discovered in the past five years and their deveIup- ment has been watched with great In- terest by the mining world. It opens new era in copper, for it means an enormous production at a figure about four cents per pound lower than the average cost of a majority of the producing mines last year 4 mi mum cost is, of coLr 2. the aim of ali the mining companies, yet with the old producers especially at Lake Superior and in Butte, as depth has been attained costs have been creep ing upward until, in many instances, they are now as high as F cents per pound.
 It stands to reason that in times of restricted consumption and necessity for low costs, the deep mines of Butte and the Lake which, combined, have been contributing we'll over 800, GOO, 900 pounds of copper per an nun, are at some disadvantage in comparison with the low cost pro ducers in Ely and Bingham. One of the leading interests in the Bingham and Ely properties says that ne fig ures out that these three Guggen- helm properties within two years will be producing at the rate of 300,000,- 900 pounds of copper per annum, for it is not a question of ore, but of the ,~falrr if ever, in the history Of copper min ing have there been plans of such as those prepared by the engineers, which, car ried out, will result in the smelting end of the Guggenheim business be- ing made subseryient to the mining end.
 By the fall of 1908 the Utah Copper company, Nevada Consolidated and Cumberland-Ely companies should be producing copper at the rate of llO,- DOC, ,000 to 120,000,000 pounds per an nun, and this copper will come on the market no matter at what price the metal is selling.
 The Utah Copper company Is now handling 5000 tons of ore per day, and producing copper at the rate of over 40,000,000 per annum, and yet only nina sections out of 12 in its 6o0O-ton concentrator at Garfield are Tn operation. As the success of the Utah Copper company, however, seems assured, attention is diverted somewhat to the Ely companies, which are fast approaching the pro ducing stage.
 The big Steptoe valley reduction works. owned jointly by the Cumber- Iand-Ely and Nevada Consolidated companies, should go into commis- sion the early part of May, when the h1st section of the concentrator will start up and treat 1850 tons Of ore per day, By July the entire present con trator capacity of 4000 tons should be in operation, and also the 20OO-ton s,nslter. and the indications are that inc capacity of these works will bel doubled during the coming year.
 Th7 NTevada Consolidated has al ready bloclsCd out in it's $50 acres, IA. .450.OO0 tons of ore which will aY- craze 40 pounds of copper to the ton. Churn drills have also proven up or partially. many million Of additional tons.
 Tue Cumberland-Ely company with its 49s acres has mot been develop ed to the same stage as the Nevada Its principal work has been upon what is known as the Vel- eran claims but this development oI but a year. has brought into sight about 100000 tons of ore, of which i [ 800, 900 tons have been blocked out 1 on three sides, the average assay of the entire ore body shows a possibly l recovery of between 50 and 50 pounds of copper to the ton.
 Both these companies are now | to furnish 200 tons of ore l per day to the Steptoe plant, and | when the works are in position 10 | ake such a tonnage, sometime in l July, the Cumberland.Ely should be l copper at the rate of 30- 1 poo 900 pounds per annum and the Nevada Consolidated from 20,000000 l to 25.000.O00 pounds.
 The Nevada Consolidated ana cumberland-Ely own jointly the Ne yada Northern railroad. Earnings from this railroad and the companies net profit of S1.750,00 per annum, in dependent Of the price of copper. This sum would be equal to 75 cents per share for the Cumberland-Ely with its 1,300.000 shares