Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1908-01-18
PARSONS MINE
AGAIN OPERATING
Cyanide Mill and
Plant Ready to
Treat Ore
MILLIONS Of TONS AVAILABLE
Eagle Mining & Improvement
Company Re.Opens Great
Mineral Deposits.

Mineral Deposits.
one OF the most important mining
enterprises in the territory Is the one
now being operated by the Eagle Min.
Ing and Improvement company in the
Bonito mining district In Lincoln
county.
The company owns the celebrated
PARSONS group OF mines which have
been worked and developed more or
less for nearly twenty years. There
are over one hundred claims In the
group; these are lode gold claims. Fht
proposition Is of low grade gold ore
valued at about three dollars per ton.
Inc leading claim is the Hopeful mine
which was discovered in 1880 by
well known prospector by the name
|of Parsons.
Parsons also located many other
claims of which five have been very.
iuliy developed. On these about 10.
ooo let OF tunnel and Shaft work have
peen done These workings are we'll
tlmbered and In first class condition
However, while at times considerable
values were extracted the workings
and the development of the properties
were of an indefinite and desultory
character until the present owners
purchased them and secured absolute
control
Within the last two years a cyanide
plant has been erected. To this has
been added amalgamation machinery
with capacity of 800 tons of ore per
day.
Company to Begin Actual Work.
The installation and perfection of
these improvements has taken much
| OF the time of the company and have
cost great deal of money. The com.
! pany is now ready for active and con.
slant work in getting out ore and
treating 1t by the cyanide pro-
cess and by amalgamation. This
Will be more OF manufact
luring process than a mining one
as the bodies of ore, although very
low grade are simply immense, the
mountain itself in which the Hopeful
mine is located being one solid mass
OF low grade ore. Thorough investiga.
tion has demonstrated that the ore
bodies can be handled and the metal
extracted at cost not to exceed one
dollar per ton, which would leave
net profit of one and a half dollars
per ton. Skillful and competent en-
gineers have estimated that there are
from forty to one hundred million
tons OF ore in the group
1t therefore takes no argument to show
the gigantic character of the proper.
|ty.
Large Force Of Miners Employed
Up to within a few days sixty.flve
men have been employed in the erec-
tlon and putting up Of the machinery
and from now force Of
from forty to fifty miners will be
constantly employed getting out the
ore The water supply for all purposes
Is obtained by wells at shallow depth
and from the Bonlto river, which runs
through the properties.
There are very comfortable board
ing and bunk houses for the miners
lin the camp. These improve.
|ments are of very substantial
character. The equipment for all
necessary mining Is complete and one
might say perfect for the first time
in the history Of the property. This
gives every promise to return very
handsome profits to the investors.
Former Banker General Manager.
]. H. Fulmer Jr, we'll known and
trusted banker Of Mishawaka, Indiana.
has financed the project and that very
successfully. The stockholders are
mostly residents Of Indiana, although
there are several New Mexico men
financially interested. Mr.. Fulmer has
resigned his position as cashier Of the
First National Bank Of Mlshawaka,
with the intention Of moving
to New Mexico at an early date and
taking hold actively Of the manage
ment of the property. He will give Il
his personal attention and supervision
and will assume charge in person as
soon as he has settled his business af.
fairs in Mishawaka sufficiently to take
up his residence at the Parsons mine.
| The project is Of the best and the
holdings of the Eagle Mining and I'm
provement company, judging by pres
ent indications and past results, Will
become steady and valuable producers
and among the permanent dividend
paying companies for many years and