Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1912-09-18
PAYS LARGE SUM
FOR INTEREST
|N~[EASE

A1I0m ouhusys .Wuysp
One Of the most important min.
ing transactions that has taken place
in this field III many years was an
nouneed yesterday as having been
closed. when Col. l.. w. Gctchei
purchased the one-half interest OF
Lester Jackson, in, the iatters bond
ana lease on the famous War Eagle
Gladiator group in the Bradshaw
mountains. near Crown King, the
consideration. IL is said, running into
the thousands Of dollars.
The deal is a noteworthy one from
the standpoint, Of gold mining in this
county. Mr.. Jackson having devoted
over three years TO personally con.
Quoting the development, and from
his well known reputation as a min
ing man. his practical ability is re-
Elected IN what has been accom-
plishcd and by what is demonstrated
in the large amount of work per
formed. Final negotiations were
concluded after Col Getchei made
an exhaustive examination of under
ground conditions. in taking sam.
pies, and in familiarizing. himself
with conditions above as we'll as
below ground His ability as a
mining engineer is known along the
coast. and il is generally conceded
that his observations are conclusive
OF the rating Of any property. For
this reason his future association
with the above holdings is a partie-
ularly fortunate one and il may also
be consistently stated tina, the War
Eagle Gladiator mines face a deeid-
edly bright future, accordingly.
Leading up TO this deal being
contaminated a brief history Of these
two old famous gold producers OF
the early days will be interesting
at this time When Mr.. Jackson as
sumed charge over three years ago
the old Gladiator tunnel was made
the initial point from which to begin
exploration. This working was 90C
feet long at that time and IL tapped
the vein on the 600-foot level. .
desirable avenue in which to begir
deep development. This tunnel wa.
extended by Mr., Jackson until toda,
4, has reached point 1000 Tee
from the mouth, with the best show
ing in the face that has attende,
operations to date. During all thi'
extensive work, the ore body ha
shown an average OF four feet wide
and a particularly attractive condi
ton determined Is that the ore bod!
| is continuous for over 1000 feet. AM
without break occurring. Tn
magnitude Of the proposition cal
best be judged when IL Is staie'
that the 1000 foot level is lynn
under 600 feet of virgin ground tina
has never been. operated with tn
exception OF a certain point workc
from the surface Of the Gladiato
that produced over 1000 tons Of ore
which plated SIS in gold per ton, to
geiher with concentrates OF goo
value. The Gladiator mines hav
an established record of producin
over 100000 in gold bullion an
concentrates. while the War Eagl
| in free milling ores yielded owe
$4,000 from shallow surface oper:
tons.
Under the new ownership. III
{ plan of future development is
, continue the tunnel into the Wa
Eagle ground. which ultimately wi
, give backing of over 1000 fee
: The mine force is to be increase
c Immediately. and a larger line
c work extended than heretofore
s evidence. A desirable condition a
: ,ached to these consolidated grouT
1 Is that the twelve claims are pa
enied, and the outefop in the iissu'
lis traceable for over 6,OOO feet
lt.,g,h aud continuous for that di