Daily Arizona silver belt., 1909-12-21
LIVE OAK ATTRACTS ATTENTION IN
 TIE EAST
Some Outside Information on Local Property of
 Hovland & Smith

public interest is rapidly expanding, is that of the Live Oak Development company in the Globe district of Ari zOna. This property is fathered by H. B. Hovland and Hoval A. Smith, who | are also back of the COrdova Copper company and the Warrior Development company. MT. Hovland says in an in terview with the Boston News Bureau |
 My belief in the Globe camp in duced Mir. Smith and myself to go into that district when the panic came | and to exert our best efforts in secur- 1 ing valuable properties therein. We SC cured three properties out of the whole l camp on panic terms, and we are now engaged in working these out and have every confidence that each of them will eventually come through successfully and in big way. ''I went to the Mesaba Range in 1 the early days and remained for many years during the most essential devel opments of it. I had charge of large drill operations and showed up large mines, in fact immense tOnnages for the people l was working for l was younger then and did not realize what | these immense tonnages would mean in the future when developed, for nothing could be seen then except timber and small clearings where drilling had been carried on.
 "I remained on the range to open up mine or two and then left for the west, staying away for many years. | Upon my return was astounded to find the immense mining and shipping oper- ations going on, and l speak of this for in my judgment many western camps now being explored by drilling and showing up tonnages comparable with Mesaba Range tonnages, will
 evolve along the same lines as the
 Mesaba Range and ultimately have
 great operations and yield large net
 returns to the people who are now op-
 ening these camps, and among ore bearing areas it is my belief that the
 Miami camp will run neck and neck with the best, if it does not take the
 lead.
 The Live Oak property is located
 southeast and adjoining the Keystone
 which property joins the Inspiration
 on the south. Adjoining the Inspira- ton on the east is the Miami.
 The development work being prose
 cuted by the Live Oak continues to add
 materially to the tonnages of sulphide
 orea each week. The ore body is be
 ing explored in 20Ofoot squares and
 the levels are established 100 feet apart.
 Thus each one of the huge blocks of
 ore outlined is 200 feet wide by 200
 feet long by 100 feet thick, and it is
 estimated that each block contains
 325, ,OOO tons of low-grade ore, running
 from 2& to 3 per cent copper.
 On the third level, drift No. BIO,
 which extends west from drift No. 3O9,
 is 3S feet long and has been in the
 ore for, the entire distance. Drift No.
 3OS which also runs west, is l37 feet
 long and is in chacocite carrying good
 commercial values in copper
 Hoval A. Smith, who is now in Globe, says under date of December 6: ."I
 inspected the Live Oak, Warrior and ] Cordova properties Saturday l wish
 to say that the Live Oak is doing splen- didly. The faces of Nos. 30S, 309 and BIO drifts and No. l raise Cat junction of No. 309 and 3l0) up 10 feet are all in first-class concentrating ore. In eX- amining the faces l found chalcecite sprinkled throughout the whole rock.
 One cannot see better faces in any ], other mine in the district. The ore we are getting is the equivalent of Miami or Inspiration. You can walk over the dumps at will now and every piece you pick mp contains chalcocite.
 "'I cannot believe other than that
 We shall open up large tonnages in the I .,.a nn1 Er1 .,
 throughout the schist and inasmuch as We have penetrated into it distance (NO. 3OS) of 40 feet, l see no reason
 why it should not continue westwards
 for several hundred feet more
 5 "My belief is that we shall develop
 within the next twelve months at least
 5,000,000 tons of ore, making the pres , ent stock worth at least $100 per share. 5 This seems to be fighty but Lam bas ing it upon my Knowledge of the dis 5 trict in general and the ore We have l already cut in the Live Oak. If we dis cover ore 100 feet. thick over three fourths of claim, say l5 acres, we , shall have 5,O00,OO0 tons. This is not } improbable. We encountered indca- . tions at the 65O feet to $50 feet point III Iut Sulpnlbt ShO"lhS dpplOA , imately 200 feet of 2 per cent chalco- cite. This line is 800 feet southeaster-
 Iy from the No. 306-S ore body.
 eff ore 100 feet thick exists over the area as noted, we have line 600 feet by l,500 feet or 20 acres equal ling 7,000,000 tons. This is not improb- able by any reason. Live Oak has bet ter surface indications by far than any other property in the district. Already we have demonstrated that these indi-
 cations connect with chalcoeite ores be-
 low and if we continue to find that the same connections exist, we shall find one of the largest deposits of concen- trating ore in the district.
 The Live Oak Development company
 has 50,O00, shares of stock outstanding,
 the par value of which is $10, and so
 far $5 per share has been paid in. Very soon mining company will be
 organized to take over the develop ment company, the shares of which lat