The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-12
VAGINA IS A
|GREAT SURPRISE
Gunn-ThompsOn Company Has
Big High-Grade Copper
Mine Developing.
ORE CARRIES HIGH
GOLD AND SILVER
Depth Responding Literally to
Efforts Of New Owners
of Property.

Fred Flindt, field man for Gum
Thompson company, has returned from "a
trip to Arizona and Los Angeles. during
which he rounded Up all the raveled ends
Of the Magma Copper company. secur-
ing the final deeds to the same for his
organization. The Magma property was
secured for the Thompson company
just year ago, and men were first
placed to work on April 10. 1910. on what
has since developed to be one OF the most
remarkable copper properties brought To
the attention OF the world for Scvera!
years.
The mine is located in Pinal county,
Arizona twenty miles west of the In
spiration twelve miles northeast OF the
Ray Consolidated, and two miles south
OF the famous old Silver King mine. Un-
der the name OF Silver Queen, the Mag
ma property In times gone by was one
of the rich and generous producers Of ore
OF Arizona.
Years ago the first operators confined
themselves TO the oXidzed zone through
their inability to handle the water in the
permanent sulphide zone, They devel-
oped the property by means OF smart.
and leasers. who ceased operations four
years ago sent the shaft to the 400 level
and extracted some extremely high grade
silver and copper ores for the markets.
The ore occurred in a forty-foot fissure
which has a porphyry filling, and which
cuts all the contact veins and the forma-
ton generally at right angles,
Are Rich in Copper.
When the Thompson interests
took charge OF the property the shaft was
continued to the 65o-foot level: and a
crosscut was sent 500 feet TO the fault,
where the enriched zone was encoun-
tered. There was a body of ore fifteen
feet wide at that point and the manage
ment has drifted on the same for 200
feet. all In ore. Mr.. F1indt stated Tues
day that there was streak within the
body all this distance that ranged from
between 2s and 30 per cent copper the
entire distance The ore also carries an
ounce of silver to each unit OF copper
and several dollars per ton in gold.
agement found considerable evidence OF
teaching and oxidization, just as had been
found within the upper workings. so IT,
was decided to drive 10 deeper levels and
search for the enriched zone again. The
shaft is now $50 feet In depth. and will
be continued TO the 500 level. where
crosscutting will be resumed. From the
reaching above the management has ev
cry reason to expect even better results
at depth than those found on the $50
foot level
High-Class Mill Ore.
In doing this $50 work. considerable
amount OF ore has been extracted, and
the first class has been sorted so that
ii Will average between so and so per
cent copper and 100 ounces silver. It
likewise is ranging from 81 to SIS in gold
tanning about 1000 tons which averages
Is per cent copper. fourteen ounces sill
yer and 81 TO si.50 in gold per ton. The
company could begin ore shipments on a
liberal scale at present II desired but
the plan is first to develop the heretofore
untouched levels for ore.
=. The property is to be equipped anew
throughout, new hoisting plant. com
plete engines. compressor and drills have
been purchased and they arc now en-
route to the mine. The foundations for
the new machinery are we'll along toward
completion: The equipment should be
set In position within sixty days.
Mr. Flindt states that when the prop
erty was first taken hold OF. the Gunn-
Thompson interests felt that they had
the making Of one of the meritorious cop
per properties Of the west. Developments
OF the past year have been fully up to
expectations and more so. for the mag
nificent copper: silver and gold values In
such a big quantity Of ere certainly
were hardly to be expected anywhere
despite the. great richness of the early
shipments from this property. The Mag
ma. therefore, deserves to be counted
among the modern copper propositions of
magnitude. but among that very limited
Glass. the hlgh-grade propositions,
Low capitalization.
The Magma company is capitalized for
OF which is So per share. or this only
100000 shares are issued, and these be-
long to the holding company. known as
the Queen Issues company, This small
capitalization certainly will be enpha
sized when production day arrives with
its profits and dividends
To the extensive inquiry relative to
the placing OF any. of the Magma stock
this question still remains In doubt, with
the probability that no offering of the
stock Will be made for some time vet,
: II at all.