The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-04-22
INSPIRATION IS
BIG PROPERTY
REPORTS OF ENGINEERS TELL
OF HIGHLY PROMISING CONDI-
TIONS-ORGANIZ OF THE
COMPANY-ITs OFFICERS.

Trippe. Thompson d Co. q Broad
street, New York. have issued the fol-
lowing interesting letter on Inspira-
tion Copper company, which is looked
upon as almost a local issue by rea-
son of the association in the organ
ization of W. -. Thompson and Geo.
Gum, both of whom have been very
prominently identified with tha de-
yelopment of Ely district The letter
says:
The company is capitalized at $10,-
600, 000-100,0 900 preferred and 800
900 common shares. par value $40,
all issued full paid and non-assess-
able. The preferred shares are con
yertlble at any time at option of
holder into like number of common
shares and entitled, until converted,
To 6 per cent dividends, but have no
preference over common shares in
case of liquidation.
Seyenty-five thousand shares pre-
ferred and Az ,212 shares common
are now under option for Spite
f20, TO be paid into the treasury of
the Inspiration Copper company as
the shares are purchased under OPP
tion.
1t has no bonded Indebtedness, ex-
cepting that some of its properties
were purchased subject 10 mortgage
securing 100000. of bonds executed
by former owner.
Officers-W. b. Thompson, presi-
dent; J. q. Hopkins. vice president;
VIM. II. Smith, treasurer: II. +. J.
Knobloch. secretary; George f. Gum,
general manager: Henry Krumb,
consulting engineer. Curtis IL. Lind
ley. counsel; Directors: Albert f. Hol-
den. J. l.. Loose. j. d. Coplen, John
F. Alyord. +. T. Wilder. Charles 4.
Corless; Bankers Trust company of
New York, transfer agents and Nor
ton Trust company of New York. reg
lister.
Its properties consisting of group
of over 80 claims aggregating about
400 acres, are located eight miles
west of Globe. ella county, Arizona,
and adjoin the properties of the
Miami Copper company.
Mr. Henry Krumb. f. NJ. of Salt
Lake. Utah. in his report upon these
properties. dated December 30, 1908.
StditS III paw 40 iOlloNc
The genesis of this ore deposit is
similar 10 that of the Utah Copper
company. at Bingham. Utah, the Ne
vada Consolidated and the Cumber
land Ely. at Ely, Nevada. and the Ray
Consolidated. at Ray. Arizona.
There are about 1900 feet of de
veloped work in three tunnels on the
Clipper. Caravel and Americas
claims.
THE Clipper tunnel is entirely in
the upper oxidized zone. Consider
able carbonate copper ore is exposed
in this tunnel and is said 10 average
> y to 3 per cent copper
THE Woodson tunnel is 10 feet
lower than the Clipper tunnel and has
entered the top of the sulphide zone.
A raise connecting the Woodson and
the Clipper tunnel shows that the
sulphides extend only about 20 feet
above the Woodson tunnel The ore in
this tunnel still shows considerable
oxidation and teaching aud is not of
as high a grade as the ore in the
WINES from this tunnel.
THE last 165 feet driven I'm the
Woodson tunel averaged 199 per
cent copper. A vertical Wine sunk
from this tunnel to a depth of so feet,
averaged 2.09 per cent copper, and an
incline Wine driven for an incline
distance of 80 feet, averaged for the
last 120 feet. 2.21 per cent copper.
THE ore is an ideal concentrating
ore. Probably 40 per cent of the cop
per values occur in small assures or
seams and the balance of the values
occur disseminated through the rock
in comparative coarse specks of chal-
cocite. The ore will therefore not
have TO be crushed rs fine as in the
case of some of the other disseminated
copper deposits. Without making
tests. | should estimate that the ore
should concentrate about 20 into /.
The company owns IS claims hav-
ing total area of roughly 800 acres,
covering 1900 feet along the strike
of the disseminated copper mineral
belt west of Globe. This belt has a
total length of roughly 10000 feet.
THE Miami Copper company, is
located on the eastern end of this
belt and in the Red Rock shaft, To-
Gated $40 feet from the end line of
the Inspiration. they have developed
100000 tons of ore. Five thou