Arizona republican., 1911-03-09
RAY CENTRAL HERCULES
MERGER DECLARED OFF
ARIZONA OWNERS DIDN'T LIKE
PUBLISHED REPORTS.
Engineers Report on Ray Central
Shows Property to be in Sat-
isfaetory Shape.

Ray Central ana Arizona Hercules
copper companies have been tempo
rarily abandoned. according To in
formation reaching Phoenix from New
York and Ray. II is expected. how
ever. that the negotiations will be re-
newed i'm a few months for powerful
interests in both companies are con-
WINGED that the proposed merger
would mean economy in development
and operation and will use every ef-
fort To bring the deal 10 a successful
contamination.
The merger first began To be talked
about last fall and the matter was
kept very quiet for time. Finally.
however. someone leaked and the Ari-
IONA owners Of the Hercules became
incensed At stories published in the
New York papers.
]. h. Cummings of the Ray Central
company was recently at Ray He
made a thorough inspection. going
over the ground With the RAY Cen
trails consulting engineers. During his
stay he also took a look at the ATi-
IONA Hercules. which adjOins the Ray
Central On his return to New York
he stated that his trip To the Ray
Central properly had been satisfac-
tory one. that he had been satisfied
with the character of the work ac-
complished and OF its future POSSIBLE
tiles. He said that the ore body
which Engineer Frank Probert esti-
mated on several months ago To be
close To 100000 tons is now
close To- 100000 tons OF commercial
ore. In addition Mr.. Cummings said
that the most recent development
work was of a kind that gave every
indication that the ore body would be
considerably increased before long
Since January, 1900 feet Of under
ground work have been done AT the
mine and 40 men are being kept on
the payroll. a drill is being driven
on tho Calumet. Globe Isabella. and
another drill is being sunk at another
portion of the property.
Mr. Cummings took occasion of his
trip To Arizona 10 go through the
other big mines Of that section. and
he says that the properties of the
Ray Consolidated company today. to-
gether with their equipment, represent
the most colossal mining enterprise he
has ever seen. He also went through
the Miami mill. and gives it as his
opinion that the Ray Consolidated
proposition is far ahead of this latter
organization. though the mill on the
Miami in his opinion probably repre-
sents the most expensive piece of
equipment Of this kind ever put into
a property.
The long waited-for report which
Engineer Frank Probert of the firm
of Weed & PrObert has held in prep
aration since the first of the year has
also been given out. The report is
a most voluminOus document of over
100 pages. and goes into every pos
sible phase of this property. its pres
ent future and actual showing
Engineer Probert in his report says
that the Ray Central property offers
a desirable piece Of ground and is
fraught with many additional posi-
bilities Among other recommends
tons he advises that the underground
development Of the property be con-
tinued along abe present system. In
another portion of his renOrt he says
that he believes il would be to the
interest of both the Raw Central and
Arizona Hercules companies To even
tually make arrangements about con-
structing a joint mill which would he
To their mutual satisfaction for the
treatment of their ores.
In his report covering ore il should
be remembered that il was made
three months ago. and at that time he
gives the property an actual tonnage
Of 100000 tons of actual ore and l..
100000 tons of probable ore. though
he exnects this portion of the prop
erty to develop a tonnage of at least
100000 tons. a fact which has been
demonstrated during the past two
months by the increase of the tom
mage already demonstrated.
His report on the handling of the
ore by the Ray Central test mill
shows that a recovery of only 81 per
cent was obtained. though he is sat
isfied that when a better equipped
mill is put up the recovery should
be at least 20 per cent Figuring on
43 pounds of cOpner TO the ton. Mr..
Probert expects saving of 30 per
cent or 30 pounds. Costs he figures
at about 10.25c per pound, which on
13-cent copper market would give
the company net IS cents per ton. on
the basis OF a 1000-ton mill he es-
Inmates net earning capacity To the
company of $4,000 year. or 30
cents per shars. on an output of p.
$4,000 pounds OF copper He is thor
Oughlv satisfied that there is a good
mill-site on the Copper Zone group and
that there should be no difficulty To
secure water for milling purposes. He
recommends the adoption of the cav
ing system to mine the ore. the body
being Of too great n depth To make
il advisable to use steam shOvels.
In his conclusion of the report he
expressed himself as thoroughly salts
fled with the property. and urges the
directors to adopt a big development
campaign.
Later in commenting on the Arizona
Hercules property he SAYS that in
drill hole No. II the ore bearing Ray
schist was encountered at a depth of
100 feet when an ore body IS feet
thick was entered. This statement is
Of the greatest importance possible. as
il indicates the continuation of the
ore blanket in this portion of the Ray
camp. His report is fully illustrated
with photographs. maps and under
ground sketches showing the position
Of the ore. In one Of the maps il is
almost eXtraOrdinarv To notice that