Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-10-31
CLARA CONS. HAS
IMMENSE TONNAGE
PRESIDENT MITCHELL ISSUES
OFFICIAL REPORT
SAYS Mines Have 100000 Tons of 5
Per Cent Copper Ore Ready for
notwithstanding Size
of Plant

George Mitchell, president of the
Clara Consolidated Gold and copper
Mining company, who recently re-
turned from Europe, has sent out the
following report to the stockholders OF
that company:
"In view of the tonnage of ore eX-
posed In the mines, it has been declded
by the management to increase the
capacity of the company smelter TO
700 tons per day, and the necessary
machinery and structural material has
been ordered for the earliest possible
delivery. The converter plant and the
structural buildings are now com
pleted and ready for shipment. Inc
date of shipment of this material is de-
pendent upon the completion or the
Arizona & Swansea railroad, and from
the present progress being maze we eX-
pect to be able to order the shipment
of this material within the next few
days. While this is a temporary delay,
it will be of considerable advantage to
the company to await the completion
of the railroad, as the material can
then be delivered direct from the rail-
road onto the site where it is to be
erected. 1t will take from twenty TO
twenty-five days to complete the plant
after the arrival of the material, as all
foundations are finished. This delay in
road will mean an enormous saving IN
the handling of this heavy material.
"The company has already ordered
forward it's large electric lighting plant
and electric equipment for operating
the conyerters, refining and mixing
plants. The converter plant when
completed will consist of steel bulld-
ings with a forty-five ton overhead
electric travelling crane, and TWO
90 f1aa 10
made. with a daily capacity of forty to
forty-five tons of copper bullion assay
ing from SO to 1913 per cents copper.
The plant will also be equipped with
an electric railroad for conveying Stag
away from the smelling furnace, and
with an electric tramway for hauling
the ore from the mines to the smelter
ore bins. All this material has been
paid for, and is only awaiting the
completion Of the railroad for It's
TRANSPORTATION and erection at the
mines
"Our latest report from General Su-
perIntendent H. L. Browne as to the
mine development shows that we have
approximately 2500,000 tons of ore
blocked out, giving a strong average
assay of per cent. Recent sampling
shows an actual average assay or 58
per cent, but for the sake of conserVa-
tism we have considered it on basis
of per cent straight. The quantity OF
ore and the assay values given are
based upon the actual ore developed
down to the 300-foot level. Our latest
workings, however, give us much
greater values, such as workings D4
and D7, which are producing ore as
saying from to 8 per cent.
"A report on the progress being
made In the construction of the Arl-
IONA & Swansea railroad, which VIII
connect your properties with the Arl-
iona g. California railroad at Bouse "a
branch of the Santa Fe system), shows
that the grade has been completed to
a point within five miles of Swansea,
all bridges and trestles completed and
some track laid. The company is now
awaiting the arrival of rails, which
are due in the next few days. to con-
tinue track laying. AS soon as the
track material arrives the road VIII pc
constructed much more rapidly, and II
no unexpected contingency arisees 1t
should be completed to Swansea by the
latter part of next month. All neces-
sary train equipment has been ordered
and a portion has arrived at Bouse,
the balance now being en- route thereto.
eve expect to be able to start opera
tions at the smelter within twenty or
twenty-five days after the completion
of the railroad. In view OF the deVel-
opment at the mines, the advanced
construction of the smelling plant and
the early completion of the Arizona &
Swansea railroad, we consider that the
future of the company is exceedingly
bright, and we believe that you have
as good an investment as there Is on
the market, as the prospects for your
company becoming a large dividend
payer in the early future cannot be
overestimated. The company has an
exceedingly low capitalizotion-$3, 0O0,
OOO-of which 100000 shares remain in
the treasury unissued.
1.-THE company owns all its proper
ties clear and free, without any incum-
brances whatsoever, and with no bond
ed Indebtedness; its only obligations
are those covered by the ordinary run
ming expenses.
"As an asset the company has about
$40, 900, 600 worth of ore in sight.
"CLARA CONSOLIDATED GOLD
AND COPPER MINING CO."