Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1910-04-20
CO[CONDAM|NE
PAYS SIXTH
DIVIDEND

KINGMAN, Ariz., April I6.-The
Goleonda mine, at Union Basin, In
the Cerbat range, which has been
the principal cause Of the present
activity in that section, continues
adding TO a record Of shipments un.
broken since its manager, Jno.
Boyle, Jr., began operations there
little over two years ago. Last
month there were shipped about 300
tons Of ore, averaging 80 per cent in
zinc, and now that the adjoining
Tub mine has started shipping, Boyle
expects TO nearly double his monthly
output. The Golconda has just paid
its sixth dividend Of one cent per
share, which really amounts To only
about half Of the actual earnings
for the tonnage Of the resulting mill.
ing ore is equal to that Of the ship.
ping and will be almost all profit.
The Tub mine is owned by Boyle,
personally. II has larger leads than
the Goleonda, and from the ship
ments already made this month its
production will exceed that Of the
latter in n short time. Though the
development Of the Tub has only
fairly begun, there are forty feet
Of milling ore exposed by means Of
two drifts, 100 feet long, each, and
about 80 feet apart. The crosscut
from which these drifts have been
started is all in ore, and enough
shipping ore Is resulting from the
drifting to pay for all the develop.
ment.
The Prosperity tunnel, which will
be used TO handle the products Of
both the Golconda and the Tub
mines, is now In 200 feet and pro.
crossing rapidly. II il still 1000
feet from the known ore bodies OF
the Golconds and $500 feet from
the shaft, but ito completion will
eliminate hosting and % cut down
the cost Of handling that the long
tunsel will BE- more than justified
The new gravity tYamway will b.
completed within . few weeks.
Geo. w. McDsniels, engineer 70,
Spur q Coz Of New York, 10 ex
aiming the Diamond Joe mine Ia
the Bill williams district, which. /,
the copper end Of Mohave county
II was here that Amalgsmated Cop
per company, several months ago
made forty mineral locations through
a. j. sayle, consulting engineer fol
the Giroux mine at Ely, New.
oatman.
The election Of officers Of the
Tom Reed company in few day.
will mark the close Of a most sue
csssful year for that mine. Though
IL has been largely a year Of con
strnction, during which q new hoist
ing plant, = 3o-stamp mill and slime
plant have been installed, mine de-
velopment and production have by
no means suffered. Shaft No. i,
down 4as feet and No. 2, 1900 fee,
west, has reached q depth Of csc
feet. On the $50 foot level there
has been proved an ore body lsC
feet long, feet wide, and aver.
aging 90 per ton. Drifting on the
same level west has proved an ore
shoot, which il already 100 feet long
20 feet wide and averages $50 pc,
ton. For width and value this show
ing IL probably without parallel In
the country today.
So far only ten Of the thirty
stamps in the new mill are In com.
mission, but these are producing
about 100000 per month. The out.
put Of the past two years las paid
for all mine development, for all sur.
face equipment Of mine and mill, and
several dividends In addition. The
brunt Of the executive work has
fallen upon President Chas. Grimes
OF Pasadena, Cal, who has spent n
large portion Of his time on the
ground, and upon Superintendent s.
=. Jones. From the manner In which
they have acquitted themselves, both
viii undoubtedly be retained in their
present capacities.
+ r + + + + + + + r r + +
Leopold walloth ct al locate three
mines and one millsite and water
right, Weaver district.
X. C. Poston and y. l.. Hart and
wives to Guadalupe Garcia--w. Deed
900, Lot 8, block X, Prescott
T. @. Norris and wife TO Ema
o. smith--Deed. Lot 4, block Z
Moeller addition, Prescott.
Tomas Perez locates two mines
| Stanton district.