Arizona republican., 1909-02-28

first settlement of central ArlZona, when traffic came chiefly into this section by way of Colorado river
 points Time and again was the at tention of early prospectors attracted by it's surface indications, and often was it prospected by them and dis carded- because no appreciable mineral values could be secured from the sur face croppfngs, however alluring the general formation might be- Nor is its value at this time reckoned by any startling strike of a marvellous nature. but only by the development work that has placed in evidence the assur- ance of an immense tonnage of pay ing ore.
 The location of these claims was the result of observations made by Judge Stilwell in 1896 while on a trip to inspect another property that was then fin litigation, and in which he was somewhat concerned. He was familiar with the mining districts that made Bisbee and Globe famous. and the for nation that was spread out before him as he travelled the old highway appealed to him as all that is neces- 
 nearest railroad was then at Congress Junction. seventy miles away. and the subject of transportation was some what embarrassing. Nevertheless, sev- eral locations were made and the as sessment work was done, but no sys- tematic development was undertaken until after the building of the A. & C.. railroad The owners then sank sev eral surface shafts. and a year ago consolidated their efforts in one place to secure depth in the furtherance of systematic development.
 At the depth of fifty-five feet they first encountered good copper ore of a bornite character. At eighty-five angle of forty-five degrees and entered a zone of copper sulphides. The work was continued to the depth of 120 feet, the character of the ore showing con stant improvement. The next deepest shaft Is thirty-five feet, and is in quartz and iron sulphides.
 A year ago the Calcite Copper com pany was organized with a capital stock of S1.50O.0O0. par value of shares S1. The owners deeded the property to the company for one-half the cap ital stock, and themselves took addi- tional stock at 25 cents per share for development purposes.
 About two weeks ago Messrs. Kis- lingbury and, Lonsberry of Los An geles. two men well known in mining circles all over the west as engineers of rigid conservatism. heard of the property and visited it without the knowledge of the owners. They were so favOrably impressed with it that they came to Phoenix at once and ne gotiated an option to purchase at S300,00 They again visited the prop erty on February 19. re-inspected it very carefully and closed the deal. at the same time locating all vacant sur rounding ground. some twenty-seven claims, making a total in the group of fOrty-one claims.
 Though the plans of the two en- gineers have not been made known. it is supposed they are acting for other parties. as they have represented large capital in the exploitation of many big mining enterprises in the west, and are reputed to take hold of no project that does not bear their most rigid examination as engineers. The prop erty is regarded as a large low grade deposit at this time, but with a prob ability of developing ore bodies of high value. There are already indica- tiOns of such a future in the small showing of native copper in the deep shaft. The gold values run as high as s3.90 per ton. indicative of very desirable by-product of gold.
 This much has been learned of the plans of the buyers-that they propose to begin sinking immediately in four different places to demonstrate as property.
 While the purchase price might be regarded as large, the owners who have been acquainted with the ground for years, are quite inclined to the idea that they are in a sense giving the property away. even though the entire purchase price of the property is to be paid at fixed periods covering two years. Thus far the stock of the Cal cite company has been taken only by those interested in developing the mine, and the selling price will result in the stock drawing approximately 40 cents per share. though it was sold at from 20 cents to 25 cents only. which is nice profit on what might be called mere prospect stock
 The story of the location of this mine is quite interesting. a part of it being told in the beginning of this article. As mentioned, Judge StilwelI was attracted by the natural confor- nation of the country while en route in 1896 to see another mine, two min ing men accompanying him at the time. He insisted that they stop and prospect the ground. but they assured him that 1t was no use, as it had