Mohave County miner., 1910-07-09
Copper Queen Takes an Option.

Copper Queen Takes an Option.
 Geo. Lobb and Eugene Woodbury were here Saturday signing up an option on their Maverick copper group to the Copper Queen company, of Bis bee. The option runs for one year and gives the Copper Queen company the privilege of thoroughly exploit ing the property before making pay ments thereon. w. F. Staunton, who examined the property some time ago, called the attention of the Copper Queen people to it, and they had it thoroughly examined by two of their own field engineers, Grebe and Wood row. whose reports were exceedingly favorable. Under the terms of the option the Copper Queen company will sink two large prospect shafts and do large amount of crosscutting and drifting. If this work confirms the beliefs of the engineers, the company will pay Messrs. Lobb and WOodbury 100, ,000S for the property in three in stallments. The first payment will be IO,OOOS, the second 2O,OOOS and the third 70,000S. It is expected that the first work done will be road construc- tion from Hewitt's station up to the mines, but there will be but four miles of road to build. Active york on the mines will not he commenced before the latter part of August. in all prob ability, as it will take that long to build the road, develop a water SUD- ply, get the camp equipment in order, etc. The engineers report an ore body in sight on the surface several. hundred feet in width and several thousand feet in length with probable average copper content of about three per cent. for the entire body. This copper content is mostly in the form of finely disseminated chalcocite, but there are high-grade zones of ores within the mass well burdened with native copper, oxides and carbonates. Taken all together it is a property of great promise and both the owners and Pinal county are to be congratulated upon the fact that it has been taken over by a company so competent to in telligently and adequately develop and operate it as is the Copper Queen com pany. The mere fact that such a con- pany has become interested in the de- velopment of the property will be of great advertising value to this county as a whole and to the Pioneer mining district particularly, as it will cause a thorough investigation of the district by other large combinations of capital. It meaus even more than that in case the property should, under develop. ment, show the merit surface indica- tions warrant one to expect. It means the rapid extension of the main line of the Fl Paso & Southwestern railroad down the San Pedro to Florence, with a branch line from here to Hewitt's station and another to Sasco to connect with the Port Lobos tide-water line, which is being financed by the Fl Paso x Southwestern people. Under those conditions Florence would be the logical point for the machine shops of the railroad company, and also the proper place for junction passenger division, as it lies halfway between Fl Paso and Yuma and about 2SO miles from Port Lobos. As the Port Lobos road will run branch from near Sil- verbell to Tucson we will also have two short railroad connections with Tucson, one by way of Red Rock, over the s. P. and one by way of Silverbell over the Port Lobos line. This will result in mutual benefit to both Tue son and Florence.-Florence Blade Tribune.