Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-02
Million CASH ON
HAND FOR CHINO
Annual Report Of Copper
Company Operating in Grant
County District Shows Pros
porous Condition.

Especial Correspondence to Morning JournalI
Silver City. n. NJ, Aug. 1.-Over n
million dollars cash on hand and In
come for the yea OF $120,7 200 are
shown in the first annual report Of
the Chino Copper company operating
in this district, for the year ending
May 81, 1910. The exact figure is 10
the cash on hand is $1,277, 500.
The ore tonnage developed amounts
to approximately 1900, 600 rons,
which carries an average of 2.59 DER
cent in copper. Its commercial char
acter has been demonstrated and Gn
unusually low cost OF production ind.-
Gated. The total drilling for the ear
amounted to 7t,494 feet, resulting in
pholly n partially developed ore Of
about 1900, 600 tons.
The property Is being equipped ;or
steam shovel and openrut methods,
More than 40 per cen of the present
developed TONNAGE car DC mind and
stripped by steam shovels. The new
concentration is beng built in three
sections of 1000 tons dailv capacity
each and an electric generating plant
Is being erected near The mill. III
the important buildings w'il, Il IS ey-
pected, be completed by January 4.
1911, and a portion of the Liant will
be ready to go into comm ssicn ~
June l, 1911. With the milling plant
in full operation 1t Is stated The rou.
pany will be in n position to produce
between 3 5000, 600 and ~40,000.o00
pounds of copper at a cost nee exceed
ing 9 cents a pound.
Mining i'm MogolIons.
The Mogol1on correspondent Of the
Silver City Enterprise gives the fol>
lowing report of mining operations for
the week:
Deadwood Mines.
Contract has been let for delivery
of lumber for the mill. grading for
which was started during the week
with a force OF 20 men which will be
increased as fast as room can he made
for them. The machinery equipment
has all been ordered. We understand
the initial installment Is designed to
treat SO tons daily. with arrangements
for increasing the capacity at any
time desired. Mine work continues
with a full crew. The third level has
heen extended south and connections
made with shaft No. /, making per-
feet ventilation in that region. Sink
ing of shaft also continues.
Ernestine Mining Company.
Normal operation and production
are being maintained. with the regt-
lar shipments of bullion and concen-
trates. Mine development continues
with satisfactory results.
Socorro Mines.
The third Burt filter which is now
in successful operation has added
greatly to h output of the mill since.
the thirty 1850 pound stamps and two
large tube mills have heretofore never
been worked to their full crushing ca
pacity. The ''all Shining process is
proving to be a marked success in that
the actual recovery is always above 30
per cent and at times Is reported to
reach "a per cent of the gross value.
The total of this months cleanups
will exceed any thus far made. De.
in the lower levels con-
tinues to expose the same high grade
ore In the immense fissure.
Preparations are being made to sink
the seventh level.
Enterprise Mining Company.
Good values are reported in The
of the main tunnel.
Helen Mining Company.
The power plant will DC ready sor|
operation at an early date. at which
time machine drills will be started
in the mine.