Arizona republican., 1908-03-17

Locllhart of this city and MT. Goerner of Kansas City, Mo, for the next five
 years The company which will oper-
 ate the mine will not be incorporated
 but will probably be called the Stand i ard Gold Company, with Mr. LOckhart
 and Mir. Goerner as sole proprietors
 managers, directors and in fact. the
 whole thing. The money for operat- | ing the mine has already been secured land the gentlemen have enough to car ! ry out the plans which they have un- dertaken.
 ] The deal has been in the air for some : time. Several weeks ago Mir. Lock- { hart and Mir. Goerner left for New 1 York tO close up with the bondholders | through their attorneys, Hatch and 1 Cluett. After the transaction was consummated MT. Lockhart returned ! to Phoenix and MT. Goerner to Kansas City. Saturday the latter arrived and preparations have been begun to start the mill as soon as possible. They figure that all will be in readiness to steam up in two weeks and the sound of the stamps will be heard in that section.
 The present mill at the Phoenix mine will he overhauled and 90 stamps will be utilized at once The plant is very extensive one. and was erected about ten years ago. at a cost it is un- derstood. of $125,000. It has a fine 5O-horse power Corliss engine. two battery boilers. 70 stamps. most ex- tensively equipped laboratory. a con- centrating and cyanide plant and oth- CT machinery. There are several cot tages and other buildings at the camp.
 James P. COlp. well known chemist, electrical engineer and all-round mill man. has been employed. and will go out to the mine today He will have entire charge of the running Of the plant. Just now many men will be used has not yet been determined The lease and bond covers the four claims on which considerable work has al ready been done. one of the shafts is down 200 feet and there are number of other workings.
 MT. Lockhart speaking yesterday, concerning the property. said that he had had at least forty tests made on the ore. had gone over the entire work ings and believed that they had a good thing. There is at least 200 tons of ore on the dumps ard MT Lockhart figures fully 100000 tons of good ore in sight. It is strictly a low grade proposition. The lessees are not mak- ing calculations on any other basis. From the tests which have been made MT. Loclhart says that it has been demonstrated that the ore averages $40 in gold per ton. Some of il ran as low as $3.SO more assaying to Sl2 per ton.
 By working il along economical lines. MT. LOckhart says that the mine can be made to pay good returns on the investment. Other workings on adjoining properties have shown up ore with values up to s20 per ton. a very encouraging feature Mir. Lock hort says he has gone into the propo- sition to make it success and while he is making no glowing predictions, he is confident of the future results proving the venture profitable one in every way. The success Of the Phoenix Mine, will mean great deal to the Cave Creek section and accel- crate the movements along the mining line.
 Mir. Locllhart has been a resident Of Phoenix for about six years and is a nephew of the late Charles Lockhart the pittsburg millionaire.