Arizona republican., 1911-03-08
NEGOTIATIONS ON FOR
THE MAzATzAL MINE
INVESTIGATORS LEAVE FOR
PROPERTY TODAY.
Phoenix Shipping Point of Mine Des
tined To Be Ono of Arizona's
Big Copper Producers.

\ party of mining men, headed by
Theodore Phillips. will leave this
morning for the property Of the Ma
fatal Development company. in the
| extreme northeast corner of Mari
| copa county, and will spend several
days looking over what is believed to
be one of the biggest copper PROPOSE
lions IN Arizona If the inspection
proves satisfactory sale of the mine
VIII probably be affected and the new
owners will Immediately begin its de
Nelopment on an extended scale
The organization of the Mazatzal
Development company has just been
effected by John Munger and Mr..
! Phillips, both Of whom have had their
eyes on the property for some years
c. w. Jayred's name appears as a
third incorporation The corporation
is capitalized for $4,000. 900. with
100000 shares Of par value Of s.
| each. OF the million shares $50. 600
are treasury stock while the other
10000 are divided between Mr.. Phil
lips. Mr. Munger and the original
owners. Il. V Davis, Charles Sian
hdiu ana T.. W. IlEntUpT.
1t was the original intention Of
Mcssrs Phillips and Munger to de
Nelop the property on their own ac-
count. They had barely filed their
articles of incOrpation, however. when
they received an offer from capital
lists which they are now considering
IT is the capitalists and their cngin-
GERS whom Mr. Phillips is taking to
the mine today.
y year ago last December Mr. Phil
lips examined the MazatzaI property
FOR Oscar \ Turner Of New York.
whom he represents in this terri
tory. His report was highly en-
thusiastic After detailed inves-
LEGATION he declared that ne had ncv-
er seen a property that gave such
great promise of becoming big cop
per producer.
At that time Mr. Turner was look
ing for an Arizona mine and an cf-
fort was made to secure the AIazat-
zal for him. The owners could not
be gotten together. however. and fl
nally the deal was dropped Mr.
Turner soon after bought the London
Mountain, which adioins the Saddle
Mountain mine at Christmas
Mr.. Munger first visited the Mazat-
zal four years ago and since that
time has devoted most of his time and
energy to the formation of am organi-
zation to develop the mine That the
future Of the property is now as
sured is largely due to his uutriug
efforts and consistent faith i'm its
worth
The property held by the newly
organized company consists of about
twenty claims i'm the MazatzM noun
tains. 81 miles from Phoenix by the
present route Across five claims the
mincralizcd zone can he easily traced
1t is from three To coo feet i'm width
and the minerals carried are gold. sill
Yer and copper. The quantity of gold
and silver. however. is extremely
small, the ore running not over So
a ton in those metals. Copper is the
essential mineral.
Mr.. Phillips is not the only en-
Sinecr who has reported favorabIy on
the Mazatzal. y VI. Thomson once
made an examination for Mr. Nun
ger and his verdict was no less sat
isfactory than that of Mr. Phillips.
Both gave the opinion that rich
SilcltlnS ores would he encountered |
with depth, and predicted that large
bodies Of low grade concentrating
ore would also be found
Although the Mazatzal is FAR re
moved from railroad. it is very
favorably situated with regard To- |
natural advantage. Water and tim |
her are both abundant i'm the immc- |
date vicinity. An excellent road OK
tends from Phoenix to the Mar |
rows place on the Verde river |
about nine miles from the mine. \ |
road can be constructed from the /
t. the claims at a reasonable /
cost
Phoenix will bc the shipping point i
of the Mazatzal mine II is estimated /
that when the necessary road is built
freight can be handled between this
city and the property at a cost Of
s15 a ton. Whether any ore will be
shipped is yet uncertain but thou
sands of dollars worth of supplies
will be purchased in Phoenix as soon
as operations are commenced II is
that eventually smeltcr
will be erected to handle the ore
right on the ground