The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-18
G|LA COPPER ORE
COMING TO LIGHT
Company Using Churn Drills to
Properly Size Up the
Resources.
REPORT Is ISSUED
FROM EASTERN END
Camp in Arizona Presents About
Same Conditions as Bing-
ham District.


timely statement about the Gila Cop
per company which will be read Will
interest in western circles. The com
Pany is backed largely by Utah Cop
per officials. and the stock is an 9c
tive one on the eastern curb markets
The authorized capital stock consists OF
100000 shares, par value SO each
There are outstanding $4,000 shares
while 100000 shares still rema in in the
dent; c. NJ. MacNeill is vice president
Eugene P. Shove is secretary and treas
urer These, with Seelcy w. Mudd
Spencer Penrose, Philip Wiseman and
Charles III. Cutting, compose the board
of directors. The executive committee
consists Of Messrs. Mudd, MacNeill and
Aldrich. Philip Wiseman is manager.
The report then continues as fol
lows:
"Ou Nav os. 1909. ii was decided to
offer 10 present stockholders the right
TO subscribe for $4,000 shares of the
above mentioned treasury stock OF
$50 per share, and practically all
stockholders have si@nified their in
tention Of taking their alotments.
There is at present $4,000 in cash in
The treasury, with no debts, and the
above mentioned sale of treasury stock
will bring the treasury funds up TO
something in excess of 100000
-Four drills are being started upon
a drilling campaign upon ella territory,
and two more drills have been ordered
and viii be set to work as soon as they
arrive. The following is a report on
the company's properties made under
date of MAY 30, 1909, by S. W. Mudd,
chairman of the executive committee,
and Mr., Philip Wiseman, manager;
- 'The property of the Gila Copper
company is located in Mineral Creek
mining district. Pinal county, Arizona.
Ray and about seven miles north of
Kelvin. Kelvin is eighty-one miles east
of Phoenix on the Phoenix & Eastern
railway. and between Kelvin and Ray
the Ray Consolidated company owns
and operates a narrow gauge railroad,
which is now being rebuilt as a stan
dard gauge line, II is expected that
within a year or two such further
railroad building will be completed as
will place Kelvin on n transcontlnental
line, rather than on a branch Kelvin
is OH the north bank OF the Gila river
at the mouth Of Mineral creek, which
:reek crosses the grounds of this COM
oany some miles to the north.
- The company owns in addition 10
It's mill sites about $50 acres OF lode
claims, for the greater part of which
patents should be received within n
short time. Approximately forty acres
IF this ground is either almost or en-
5jrely surrounded by the more or less
completely developed claims of the Ray
Consolidated Copper company, and the
remaining acreage lies adjoining the
'erritory owned by the latter company
~ the north and northwest
4" The mincralized coppeTbearing
schist belt in which the Ray Cousolid.
ated Copper company now has devcl-
oped over twenty million tons OF ore,
amount carrying 2.3 per cent copper, ex-
tends from northwest to southeast for
leugth Of about two and one-balf
miles, and shows a width from north
east TO southwest of about three-duar-
tcrs Of mile. Within this belt all of
the rocks are highly mneraliZcd and
certain areas contain enormous bodies
Of commercial ore. The orc is found
as q bed overlain by cappiDg of
lar In occurrence TO the ore bodies of
Bingham canyon, Utah, and Ely. New.
The copper is present principally as
chalcocite finely disseminated through
the rock mass aud in small seams and
Noinlets. Within the territory Of the
Giila Copper company there is included
approximately $50 acres of the miner,
allied schist of character similar to
that on the ground of the Ray Con
ssolidated Copper. company: Judging
from surface indications, therefore, it
may be said that the Gila Copper com
pany owns about 250 acres of prom
islng ground and about 700 acres of
less promising character.
The property has been developed
by 5000 feet OF underground workings,
and $3.50 feet of churn drilling. On
the Flux claim eight drill holes and n
shaft from which little development
work has been done indicate the pres
ence Of about 100000 tons of ore aver
aging 1.63 per cent copper. On the
Sun claim four drill holes, three of
which arc not yet deep enough to reach
the bottom Of the ore, taken in con-
nection with some drill holes on the
property of the Ray Consolidated Cop
per company at points distant less
than fifty feet from the property
owned by. the Gila Copper company,
600 tons of ore averaging per cent
copper. These drill holes and the work
on the adjacent claims of the Ray Con.
solldated Copper company TO the north
and west leave no reason for doubt
ing the existence Of large tonnage
Of payable ore in the forty acres of
ground which is partially surrounded
by more or less completely developed
claims of the Ray Consolidated Cop
per company. The mineralized sehist
belt is about half-mile wide along the
line which separates the property of
the Ray Consolidated Copper company
from the most important holding of the
Gila Copper company, which is solid
block of ground about 5000 feet long,
covering the northwestern end Of the
scbist belt.
The drilling map of the Ray
Consolidated Copper company shows
series of holes at 200-foot in.
torvals for a distance OF almost $500
feet on 4 course approximately paral
lel TO the line separating the properties
Of the two companies, and distant
thercfrom about 700 feet on the aver
age. and distant from 800 10 600 feet
from the Sun claim above referred TO-.
The most northerly three of these holes
show valuable ore, while eight holes 10
rho south show an average thickness
Of IG0 feet Of ore, averaging 2.2S per
cent copper for length of 1000 feet.
- Such a development within about
700 feet Of the southwestern end Of
the most important block OF ground
4, 4I,n