El Paso herald. (El Paso, Tex.) 1901-1931, 1910-04-12
CLOSE BIC DEAL
FOR MEXICO MINE
Company Financed in Lon
don To Work Property
in Pachuca.

A prominent mining engineer of this
city has just received advice from Lon
don, England, that another big mining
transaction has been consummated on
the Santa Cruz de Alamos mine. an
old Spanish property, in Pachuca, Mex
! leo. by Prof. Robert T. Hill, the emf
nent geOlogist. who passed through here
| few weeks ago on his way from the
mine TO England. He has successfully
financed the affairs of the Bonanza
Mining company, limited. in London.
and is now simply arranging the details
for operations on a large scale upon
his return to this country
Prof. Hill and associates purcha sed
a half interest in the mine from the
Mexican owner and, with him. have
formed Mexican holding company TO
hold the title. which consisted of only
800 shares They have already expended
over S25O,0OO in improvements new de-
velopments and installing mill. cyanide
plant, hoiSts. power and pumping plant.
and have every assurance that the
property will be a big paying one in q
very short time. In London a reorg gan
ization was effected and a new corn
pany formed with a capital of $4,000
600. styled the Bonanza Mining COM
pany, limited.
On Bonanza Vein.
The property owned by this company
has a superficial area of 81 pertenen-
cias, or 215 acres, and is about three
kilometers north of the great Santa
Gertrudis property. lately, purchased by
the Camp Bird company for $4,000. 0O0
cash. and is on the same lode. called
the Viscaina vein. which averages from
II to Is feet in width and attains, in
places. a size OF as great as 40 to As
feet.
This vein has been traced on the out
crop. running from north to south. a
great distance. being distinctly shown
for Is kilometers, the longest continu-
Gus mineral belt in the republic of Mex
leo. 1t has been worked for at least
eight kilometers of this distance.
yielding many millions of dollars,
coursing through such bonanzas as the
Rosario, Santa Gertrudis. Santa Cruz de
Alamos. Guatamoczin. Maravillos.
TTouui1lo, Dolores and others. most of
the mines having gone to considerable
depth. excepting the one owned by the
new company.
Rich Silver Ore.
For a decade prior to 1890 the mine
was operated by the former owner and
yielded over 81 goo. 900. but he was COM
peeled 10 quit operations when he reach
ed a depth, comparatively shallow, of
only $50 meters. The mine is said 10
have yielded several millions in the
century preceding.
The ores averaged in the upper
workings 81 ounces of silver and were
growing richer as depth was reached
Mining operations in depth in the Wis
caina vein in the Pachuca district have
proved the ore bodies TO be persistent;
richer and larger ore bodies having
been found in the deep workings than
near the surface.
be daaneS- Of tho Da
district are those of the Santa Gertru-
dis Mining company. which reach 1900
feet.
Cyanide Plants.
There are TOW installed in the Pa
hcuca district six large modern cyanide
plants. with a capacity OF 1900 tons per
day. and two other new plants are being
installed All this is the work of the
past four years
The installation of electrical power by
two companies in the district also help
ed to cheaper power.