Arizona republican., 1911-02-18

is being taken out daily About eight
car loads will be shipped monthly.
According to the report of c. W
Pritchett. consulting engineer of the
property made to the stockholders at
their annual meeting on January 80
last low grade ores to the value of
s793.625 are in sight i'm the old work.
ings of the mine and the value of the
ore between the third and fourth lev
els of the Pasquale and in other parti-
ally developed portions of the prop
erty is placed at 81 900. 900.
Experiments are being made with
dry concentratOrs which have proved
very satisfactory and Mr. Pritchett
hopes in a short time to be able To
recommend the erection of a 100 ton
plant for the treatment OF low grade
ores which he says arc particularly
well adapted for treatment with high
percentage OF. recovery. \ mill for the
treatment of low grade ores in sight
would cost not over $4,000 according
to an estimate made by Mr.. Pritchett.
He recommends that development
work for the time being be confined
to the fourth level of the Pasquale
vein and the driving of a crosscut
on the sixth level of the vertical
shaft to the Pasquale vein in order
to facilitate the getting of the ore to
the surface when the real work Of
mining begins.
Though the property in times past
when owned by the Gibson and other
companies was handled in a compare
lively primitive way up to the time
of it's purchase by the Summit COM
pany in June last it was turned
out high grade ores to the value of
$3.50. 900. To get the high grade
the low grade ore was either left in
the slopes or on the dumps and it is
this ore already blocked out and
ready for shipment to which Mr..
Pritchett refers when he values the
ore in sight at $4,000
Mineral Hill Sold
George Wood. one of the old-timers
of Arizona. was here yesterday from
Los Angeles. and made a transfer of
the Mineral Hill property. in which
he and Major a j. PickreH are inter-
ested. SAYS the Prescott JournaI-Mi
err The purchaser is +. L. Smith.
capitalist of Detroit. and while the
price obtained for the property was not
given publicity. it is understood the
transaction involves a large sum. The
property is known to be very valuable
one. and at one time it was under OPP
ton to the Arizona Smelling company.
the deal not being contaminated on ac-
count of the panic.
1t is located in Yuma county. two
miles west of the Planet mine. on the
Bill Williams Fork. and comprises
thirteen claims About 5000 feet of
underground work has been done on
the property. which has uncovered
large deposits of copper and iron.
The ore runs about 40 To 90 per cent
of iron and there are millions of tons
of it, The great deposits of iron are
what largely influenced the Detroit
man to purchase the property. a sub
stantial payment was made yesterday
and the terms provided for progressive
Mr. Smith will begin the
OF the property and his
plans contemplate the building of a
to connect with the =. & c.
line. Mr.. Smith is amply able to
handle the project on a large scale, he
being one of the capitalists interested
in the power transmission line now
building from Niagara Falls through
Canada to Detroit.
George Wood is probably the most
successful mining promoter who ever
operated in Arizona. During his resi-
dence- in Prescott he handled fourteen
and-sold all of them. He
has been i'm the mining business since
1866. and during that period he never
bought a share of stock nor gambled
dollar. He now lives in Los Angeles,
where he has invested heavily in real
estate. s..-- --,--.-..