Bisbee daily review., 1910-05-29

ing G Bagticular mention, is the Red Moun,ais Development Co. under the managaaent of Mir. Frank Briggs. an old time miner in the territory. as well as the western mining states. There iR considerable stock of this compaEs held by Bisbee people, and its officers and directors are ah Bis beeites. which adds double value to its favox. as Bisbee men knew what developing q mine means
 The Red Mountain is in the Ora goon rniniag district and about >wo and one-half miles from Dragoon sta iioa. The claims of the company start in the flat south of the ;. P. railroad and run for about T5o feet when they cross the railroad anG go up web into the mountains. givins the northern end about 1900 feet more el ovation than on the southern end. As the siding called Lancer is il the center of two of the mining claims railroad facilities are not equsded anywhere else in the territory.
 The Property
 The Red Mountain Development company owns seventeen full sized milina claims. containing 3l0 acres of mineral bearing ground. and has the mineral in place on each and every claim
 The company owns three claims Tree of an encumberanee. and the pro ceeds oe all stock sold is used for de- veIoumeat purposes only. In the dis trict nearly all of the shafts have gone down on an incline following the ore as they went. consequently when heavy shipments are started, new working shafts will necessarily have To be sunk
 From the railroad tracks up to the top of the. first chain Of mountains. a distance of about two miles, there IS an exposed reef which stands uP prominently. showing the contact and a vein or ledge of more than 120 feet in width. In this Ledge. in the center of the claim called the "ChsEii- pjon~. is where No. l shaft is located This shaft is now down S5 feet and is a vertical or working shaft It has passed through a number Of layers Of lime. schists. porphyry. iron and the rich copper stringers which prevail so much in the district
 The shaft shows good streak or lead carbouates near the surface which was dipping to and through the the shaft. and number of good spec inens os galena ore were taken out of il.
 Under these lead carbOnates is an altered lime which shows up for forty feet when the porphyry intruHoas show up for awhile Under this DOT phy.v the seaists come in. showing some cslcopyrite.
 Ia the bottom Of the shaft, on the north end. directly beneath the al tered lime. is a bunch Of green ear boua.es. the size of which has no been determined, as it was only str on the 24th inst. Tn a letter received Friday from the men iu charge the. state that it continues to go dowl bv the side of the shaft At the 100 fcof mark President Briggs expects t crosscur to the northeast from th s'sft. ani also Co the southwest A 1he formation is in looser and nor open ground. develomeat will procee faster
 Al present Np. l shaft is equippe with whip. a small shaft bucke Which is hoisted by a three-eightt inch steel cable b. two horses
 Assays from the croppings on tf surface of the Champion claim, ne; where the No. ] shaft was sunk, ru as follows
 No. I Sample. 16.9 per cent coppe 1l.2 oA. snveE. 80 eel.s fa gol' giving total value of $50 to the to No. sample went 7.S per cent copp' SO cents gold. % ozs. silver, givii a total vaIue Of S56.oo.
 Il one of the assessment holes an adjoining claim. tine Mountain Vie sample from the bottom ran Sl- in gold. S3.S9 in silver and s7-25
 copper. or total Of s12.6s. In fa
 wherever a hole is sunk down
 depth. ore is encountered
 About 225O feet from No. sh'
 Is No. ? shaft which is on an incii
 with the pitch ot the vein This shi
 is down 47 feet and shows up a go
 stringer of ore which crosses the
 tire shaft. the dimensions of whi
 are five by eight fec
 At the camp is a blacksmith sh'
 feuts for employees and a wagon a
 team. belonging to she oompal
 brings fhe - rovisions from the S
 ton.
 The Red Mountain company has
 suthorized capital Of s1.coo, ,0oe div
 ed mo .090.00o shares of the par '
 ne of Sfo0 each. fully paid and D
 accessible. The company has
 aside foo.00e shares for develop
 purposes. and are now selling an al
 mcnt at z5 cents per share in order
 raise funds for immediate develop
 purnoses. such as sinking. drifti