The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-16
BAMBERGER'S
ARIZONA MINE
With Barney BaruCh and 9th
erS Salt Laker Has Pay
ing Gold Property.

Several weeks ago a private letter re-
cefved in this city told about the splendid
record that was being made at the prop
critics Of the Golden Star Mining company
at Polaris. Yuma county. Arizona. and~1n
which il was explained that J. T. Bam-
berger was one Of the chief owners. Ac-
cCTding to the New York Mining Age OF
Saturday last, the proposition Is one That
is attracting a great deal Of attention IN
the east as a blossOming gold bonanza
Capitalized for 10000 shares. par 50. the
stock is new selling close to So while the
mine is producing about S9U.UUO mOnII.
with the operating account cutting close
to $4,000 a month. and that with the mine
only Just beginning to emerge from its
swaddling clothes in the matter OF de
velOpment-
Associated with Mr.. Bamberger in the
ownership of this property is Barney NJ.
Baruch. a. Chester Beatty. d. NJ. Hyman
and r. NJ. Rogers. The Mining Age says
that 800 900 Of the 400. 600 shares is pooled
for another year, and that there is not
more than 10000 shares of floating stock
OF developments at the property and the
plans being laid for increased output the
paper says:
Earnings at the present time warrant
the beginning Of dividends in June, which
when started, will be maintained at the
rate OF 8 per cent monthly. This rate will
leave the company a surplus Of S30OUVO at
the end OF the year
The unusual dimensions Of this ore
chute has attracted some attention al
ready. but general interest has not been
called to this property. for the market has
been narrow. Some of the brokers have
recently been attempting to place some
stock in a quiet way. If the present ore
chute is opened another 100 feet below the
present workings and the drifts continue
to hold the values. the property is bound
to attract considerable public attention
later on
The ore has ranged from four to four
teen feet in width the assays running
from 81 up 10 500 per ton
This mine was discovered little more
than two years ago and was secured un-
der option by the present owners when a
fifty-fOOt shaft constituted its only work
ing. Ii had the earmarkS of a mine. and
subsequent developments have consistent
I ~ proved this judgment TO have been well
founded
The outcrop can be traced at intervals
throughout the length of the property.
The ore bodies disclosed occur in the
neighbOrhoOd of the contact. and show a
width of from four to fourteen feet
The ore thus far exposed is silicious.
Z The values are in the form Of an i'm
pregnatiOn of free gold through the mass
Of the material, requiring fine grinding
for its liberation. The ore Yields readily
to cyanide treatment.
AS vet the property has been opened
by only two shafts. the original discovery
shaft 100 feet in depth. and No. shaft.
| located some 200 feet to the eastward. In
the latter shaft the vein has been exposed
TO depth of 800 feet. from which four
levels have been extended. the second 200
feet in depth, having been driven along
the vein for something like 600 feet
In No. shaft a body of ore has been
exposed. extending from the surface to
/ the present bottom of the mine. 800 feet.
without break. and showing high gold
values from the surface to the bottom
| The fourth level. now being opened up. is
over 80 feet in length, the ore now being
| broken on this level running eight feet
wide and is being sent direct TO the mill.
and runs $40 TO SO per ton
The property is equipped with a mod
ern cyanide plant of the all-slime type.
/ having a nominal capacity of fifty tons
per day. Machinery is now on the ground
and being installed increasing the capa-
| city from seventy-five to eighty tons per
day and in view Of the recent develop
ments on the fourth level. the manage
ment is considering further additions TO
I the mill capacity, bringing the output up
I to loo tons The average value Of the ore
sent to the mill i'm January was &53