Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1910-04-13
A[TURASGROUP
TRANSFER
MADE
Important Transaction
Made For Gold
Property
Situated Between The
Walker and Poland
Sections
(From Fridays Daily.)

tFrOm TTiuay Dauy.D
One Of the most important gsld
mining deals effected in this section
In recent months, was the trsnsfer
Of the Alturas group, yesterday,
from J. g. Carmichael and c. p. Col
Inns to Charles B. Foley Of Mercer,
Utah. While the property was turned
over to Mr.. Foley under an option,
II 10 practically settled that before
the time passes in the agreemeas
entered into, the stipulated price,
running into handsome figures, win
be paid over, in fact, this impor'
tant feature II . settled fact, and n
based upon several days Of . prse-
teal examination Of the ground. In
tercst follows this transaction from
the fact that Mr.. Foley 10 highly
regarded In the West for MS ca
pability ms q mine engineer, and In
addition to that qualification, IL rec
ognized as an authority and an az
pert in the cyanide methods Of treat
ing ores, carrying that distinction In
the above state, where sxtensiva
works we're under his supervisios-
Another matter, In eonjunctiso
with this sale IL that the Alturas
ores are decidedly . cyanide pro-
duet, which creates IN agreeable
combination In effeeting the dis-
posal Of the mine. Mr.. Foley has
spent several days at the camp, ssa
the merits Of the proposition are
best reflected in what was eonsun-
mated yesterday. The claim taken
over will bs subjected TO further az
. exploitation under the new manage
, ment, and with what 10 conclusive
: ly shown in the old workings, The
! coming into this field Of another
. good mining enterprise is confident
q ~ believed. In the many years
Messrs. Carmichael and Collins have
y owned and developed this property,
n gratifying results in ore bodies are
J. in evidence. Conservative estimates
l. Of the ore blocked out in the Slopes
!, gives tonnage available for az
o traction ranging from 10000 to So
,. 900, every pound Of which carries
distinctive gold value. Develop
!, ment shown on the group aggrs-
o gates over 1000 feet, while the
10 method In mine work 10 through
I tunnels, which penetrate the vein ID
y . depth of 315 feet. At other points
u ON the four claims . methodiesl proc
pscting of the system 10 shown, Civ
, ing the proposition attractive rating
re with the drifts and other working
70 form the main underground poiata
d The vein varies in il course fros
. the customary trend Of mines Of thu
III section, running east and west, A.
runs from two feet to twelve fee
through. This Characteristic In q
lie evidence, however, in many oths
d. mines in this field, and seems ;
70. apply especially TO the gold beaI
" ing ores. The Alturas mines ar
cd agreeably located for future opel
on alton on q basis Of economy, havin
m an abundance Of timber for min
or purposes while for treating IN
yield, an abundance Of water
oil. available the entire year. They nj
he situated between Walker and r.
j. land, thrifty sections in mine wor
W. at the present time, and are abo,
nd one mile vets Of the latter plae
where the railroad affords chss
and convenient transportation faei
titles 60 and out Of their works.
The men who dispose Of the abo'
mines are well and favorsbly know
I'd. In mining circles In Arizona, N
OF Collins for many years operatir
me the Penn-Arizona and the oess'
I'm. mines, while Mr.. Carmichael 10 .
ct garded highly In mine engineeri'
zee and milling duties In tsis held. M
mo ing resided in the county for ov
'er' quarter Of . century.