Los Angeles herald., 1909-09-13
CARLOAD SELLS
FOR A MILLION
LOS ANGELES MEN PURCHASE
PROPERTY
DEAL SHOWS TREND OF HOME
CAPITAL IN MEXICO
Large Sum Has Already Been Spent
in Improvements, and New Own
ers Expect to Invest Heavily
for Development

TUCSON, Sept "details of the
sale of the Carload property in Mexi-
co, which sale was ratified in this
city recently, show that the mines
brought more than $1,000, 900. The
terms of the sale were agreed upon in
Los Angeles, but the transaction was
really consummated at a meeting in
Tucson. In addition to the local in
terest, the new deal is of Importance
to the general public as showing the
progress of American interests in Mex
leo. The Carload and surrounding
claims, covering q total area of l.O2I
acres, located within two miles of the
Pilares mine, near Nacozari, Mexico,
sold by the Harris Copper company to
the Maria Copper company, recently
organized at Los Angeles.
The Maria is capitalized at $10,000,000,
with 100000 shares, par value $40. It's
officers, all Los Angeles people, are:
Gustav Werner, president; 7. J.
Whelen, secretary; S. T. Godbey, con-
sulting engineer. Among the directors
are oscar Werner and William j.
Hunsacker. w. j. r. Cowell, formerly
connected with the Baranca Copper
company, operating in Chihuahua, is
general manager. The transfer OF more
than 100000 shares of the new company
was effected, besides a large cash con-
sideration.
May Become Great Mine
It is expected that the property will
become one of the great copper mines
in the world. The Pilares mine ad-
joining, owned by the Harris company,
employs some 5000 men, and with the
new concentrators just installed, the
capacity of the plant has been in
creased to 2700 tons day. The prop
hon oh
from the Guggenheirns, and the aver
age value runs from to 4 per cent
copper.
At the Maria's mine the mineralized
section Is more than 5000 feet in width
and about 10000 in length. The aver
age values are from 21s to per cent
copper, with high grade streaks up to
% and over. Three thousand feet of
development. consisting of five tun-
nels. has been done. The main tunnel.
which is at the water level, opens l50O
| feet below the apex of the mine. Drill
ling has been carried to minimum
| depth of 300 feet.
The ore-bearing formation is an
| eruptive rock, between granite and
| andesite. The strike is east and west,
and the dip is north, at an angle of
about go degrees. The foot wall is
granite and the hanging wall andesite.
| About ten ounces of silver and 81 IN
/
ore is considered a most peculiar
specie and is best defined as tennan-
tite. Pockets of ore have been found
in the breccia formation, which IS
about 800 feet in width and 1000 feet
in length, and in this mass large
bodies running and per cent cop
per are expected to be uncovered.
Expect to Spend a Million Dollars
Several hundred thousand dollars
have been spent upon the property and
if the company carries out its proposed
plans, more than $1,000,000 additional
will be spent within the next year.
A railroad twenty miles in length
from the Carload camp to Nacozarl,
connecting with the Southern Pacific
railroad now being built from Quay.
mas to Nacozari; the installation or
a powerful concentrating plant or
teaching plant and the running of a
1500Lfoot tunnel in the southern part
of the mine to the hanging wall are
among the projects to be furthered
within the next few weeks. 1t Is said
that at present more than 100000 tons
are blocked out Shipments averaging
% per cent copper are being made by
the Southern Pacific Railroad com
panv's lines to the Phelps-Dodge smell
ter at Douglas, seventy miles away.