The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-28
Recent Purchase of United
States Company Has Much
Ore Blocked.
COST ONE MILLION
DOLLARS TO EQUIP
Los Angeles, Salt Lake and
French Owners Get Good
Price for Mine.

The recent purchase of the Gold Roads
property in Arizona by the United States
Smelling Refining and Mining company
for 81 1876. 900 has created considerab BILE
amount or interest. and the following
comment will be found apropos. it being
contained in the Thompson. Towe & Co,
bulletin service
The owners of the Gold Roads mine at
the time OF. the sale were william Bailey
Of Los Angeles. Clarence Mccormick OF
salt Lake, French interests and Col: O.
p. Posey OF Los Angeles. Two eXamiDa-
tions OF the property were made: one
by sydney Jennings OF the United States
Smelling company and one by Ferdinand
Robelaz, a well-known French engineer.
The formers estimate showed approx
mately 50, 100000 gross value, with rough
ly 100000 net In the developed reserves.
while the latter placed the net value in
the neighborhood OF sS5o.OOo The ton
mage of developed ore was found 10 be
slightly under 100000 tons, Of which ap
proximatelv 10000 tons were broken ore
IN the slopes. The average value or the
ore is about 50 per ton,
Is Valuable Mine,
The Gold Roads property should prove
valuable acquisition 10 the United
States Smelling company. II is stated
that The estimates OF ore reserves made
have been very conservative, and that
the possibility both of further extending
the ore bodies underground and OF en-
countering new shoots Is excellent. The
ore reserves as estimated. lie adjacent
and above the Nth level. and in block
extending between the fifth and seventh,
Although the average of the ore is around
50. several very rich shoots occur. Above
the fifth level one of the large slopes av-
erages from $40 to $50 per ton. En-
tending upward to the surface from the
blocks, as allowed. there exists a large
area of undeveloped ore. which has not
been included In the estimates OF net
value. This ground should work out well.
as the surface showings in this location
are good.
To the eastward at distance Of ap-
proXimatey $500 feet from the present
workings, a shaft put down from the sur
face 200 feet deep discloses ore Of ap
proXmately the same grade as the av
erage of the mine. For mile OF the
extension of the vein, which is covered
by three and a half full claims. the sur
face showings are good.
Cyanide Treatment.
Some difficulty was at first expert
enced with the milling Of the ore at the
Gold Roads property and three methods
OF treatment were tried before the proper
solution was reached, which is now the
straight cyanide method. The property
is now treating approximately 1000 tons
Of ore per month and making earnings
in the neighborhood of 100000. Electric
power. which is used, Is purchased from
Kingman. ArIz. II is estimated, however
that II the company generates electricity
at the mine that q saving OF so cents
Der ton will be possible over the above
examining engineers. This change VIII
probably be made in the near future.
More than $1,000 900 has been expended
by the owners in equipping the three
property, most OF which has been re-
turned to the owners. The mine has
been producing for many years and sew
eral dividends have been disbursed.