Los Angeles herald., 1909-10-25

| seemed that the entire investment
would be lost. 1t was originally pur-
chased by the Blue Ridge Mining COM
pany, which was Incorporated in 1904.
A shaft was sunk on the Tom Reed
claim to a depth of $50 feet and mill
of ten stamps was installed, but sub
sequent events demonstrated that
there was not sufficient value in the
ore to make the venture a success
Failing to raise a matter of S43,UUO IN
which the company was indebted, the
property was sold at sheriff's sale and
bid in by the Title Insurance ana
Trust company of Los Angeles. After
the period of redemption had passed
the Tom Reed Mining company was
formed by some of the former stock
holders and bought the property in
February, 1907. Under the superln-
tedency of S. S. Jones drift was
driven to the southeast a distance OIL
800 feet, encountering in the Ben Har-
rison claim the shoot of ore which mas
since developed into a bonanza lead.
The shaft was then continued to the
25O-fOot level and the mill resumed
work Later a new shaft was sunk
to a depth of $50 feet. which has since
been connected up with THIS ore shoot
on three levels. The ore shoot Is $50
feet in length and has an average
value of $40 a ton across six feet. IN
one place. for a distance OF eighty
feet. this ore body will mill 500 ton
across eight feet.
The 1O-stamp mill has been in opera
ton since February, 1908, with a gross
output of S330,000. On November a;
1903, the company declared ana paiu
a G per cent dividend. amounting to
$45.5T5, this with a bullion EXTRACTION
of but 60 per cent Of the feed. All eX-
penses for development work have
been met and the installation OF the
new mill, leaving an Indebtedness OF
but $4,000, including the complete
equipment of the mill
The old mill, with an extraction OF
but 60 per cent, made two remarkable
records. In August of last year the
bullion output was S3S,375 and in the
following month $40 475. The new plant
which goes into commission early in
December, will save So per cent or the
value of the ore, and will treat APP
proximately so tons daily, the feed TO
include a percentage of the tallngs
from the old plant. of which there are
Is 900 tons Of a value of $12 ton.
Ten stamps have been installed in
the new plant, the building for which
will accommodate thirty stamps. the
equipment of the old mill is to be add
ed to the new. The process embraces
amalgamation on the plates, regrlnd-
ing in tube mills and cyanide.
The Tom Reed is Pasadena com
pany, and practically all of the shares,
with the exception of the Hobbs Ham
mond interests, are held there. Charles
Grimes is president of the company
Charles Mushrush vice president, G. M
Simpson secretary and D. L. REED
treasurer. These, with w. J. Lawrence,
D. A. Davis and w. c. Mason, form
the board of directors.
Jones of GoldfieId
C. A. Jones, mining man who oper-
ated one of the big leases in Gold
field, and who has made a close study
of geological conditions in the San
Francisco district, says that north OF
Silver Creek the formation is tdenti-
cal with the big mines of Goldtield,
and he has the quartz and the outcrop
to prove it. Mr. Jones is developing the
Florence Gold Road group, just across
the creek north and west of the Gold
Road and Tom Reed. the claims be-
ing located with the view of getting
the veining systems of both mines. He
is sinking to cut the ledge which OUT
crops ON the property, and expects to
develop one of the big mines of the dis
trict.
Gold Roads has been proved the bar
rem zone which occurs near the surface
and which discouraged other operators
has been penetrated and big values in
gold found below. There are other
promising properties in the district be-
sides those mentioned in this story
the Ruth the Brattlin, the Carter mime
and the Pasadena Consolidated all bear
the earmarlSs of a mine, and, whatever
the outcome of the present plans, Gold
Roads is on the map to stay, promising
to become a prominent factor in the
/ gold production of Arizona.