The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-21
QUICK GROWTH OF
THE INSPIRATION
Property Second Largest of
the Porphyry Mines in
Arizona.
ENORMOUS ORE BODY
Prospective Cost Is Estimated
to Be Eight and One
Half Cents.
ENORMOUS ORE BODY

The Inspiration property. which is SIT
uated at Globe. Ariz. is located on one
of the largest belts OF disseminated cop
per ore in the world. This property al
though one OF the last OF the large por-
phyries TO be developed, Is today lne
second largest property OF TINS class IN
Arizona. and the fifth largest in the
United states, says Thompson. Io"le q
Company.
property began In 1909 and 10 date, there
has been proven a practically continuous
ore body longitudinally for more than
$500 feet and iaterally for 1900 ieet az ils
maximum dimensions, In this area there
has been developed over 23,ioo,OVu TONS
carrying about thirty mine pounds per
ton Of ore, exceeding by 1l,oOo,ooo TONS
on this belt. The present tonnage does
not exhaust the possibilities. for there
exists on the Inspiration property con-
siderable uudcveloped area having Sooo
surface showings.
Mill Plans Progressing.
Tho Inspiration company has deter
mined upon the erection 10 a 9O00-ton
concentrator for the treatment OF It's
ore, and engineers are now drawing up
plans and specifications for this plant
and preliminary surveys are being made
The exact site Of the mill has not yet
been determined upon or at least has
not been made public. Should this plant
be situated at the mine. "A considerable
saving In haulaGc should he effected
over many of the other low grade por-
phyry mines, several OF which have
hauls OF from ten to twenty five miles,
which increases materially the cost OF
producing copper, Based on the tests
made in the Inspiration experiment
mill. a saving OF I2 per cent should he
made in concentration, which would In
dicatc allowing for smelling losses, n
recovery OF 26,6 pounds OF copper per
this would indicate a production annual
ly OF approximately 46,500.000 pounds OF
refined copper.
The. cost OF producing copper at In
that of the other underground porphyry
mines. Detailed computations by the
company's engineers indicate that this
figure should not exceed 81 cents per
pound. Based on the above production
and a cost OF 81 cents. Inspiration should
make the following earnings and earn
ings per share at the various prices OF
tho metal;
Earnings per share: Production. 46.
100000; lac copper, Sl.s2, l33c copper
s2.02.
Details Of Company.
Inspiration Is capitalized at $40. 900. 900:
100000 shares; par value. $40. The
based on 1.l5o,OOo shares. which it Is as
sumed. will be issued when the property
is on a producing basis. The financial
being approximately sl,5oo,OOO in the
treasury, which is ample to care for re-
quiremcnts for considerable time.
The directorate OF Inspiration is one
Of the strongest OF any OF the low-grade
porphyry companies. many prominent
New York banking interests being rep
resented. II is constituted as follows:
William 3. Thompson president: Charles
A, Corliss, first vice president: Walter
II. AldridGe, managing director; II. T. J.
knobloch, secretary; John F, Alvord.
Edmund c. Converse, George e. Gum,
Albert +. Holden. John G. Hopkins. Eu-
gene Meyer. Jr.. Albert II. Wiggin;
Henry Krumb is its consulting engi-
neer.