El Paso herald. (El Paso, Tex.) 1901-1931, 1912-01-17
MINING NEWS
NEW WORKERS BUY
THE FAY-CANANEA
Sonora Mine Is Sold For
100000 Gold; Will
Be Worked.

Canauea.. Sonora. Mexico Jan. H.
A deal has been closed whereby the
property of the Fay-Cananea copper
company. comprising over zoO per
tenencias. passes to a group OF New
York investors headed by A. 9 Cndr-
lot, president of the FL TrlunIO COH-
sOlidated Aiming company The prop
erty is known locally as the Canahed-
Eastern and is located about 20 miles
east of Cananea, in the AjO mountains
The consideration is stated to De SSVV'-
600 United States currency.
Mr. Chariot has announced tnaL WOIh
will be commenced as soon as all the
details regarding the transfer OF lhe
property are completed and tnaI ue-
velopment work and actual mining VIII
I be vigorously prosecuted.
The sale OF the Cananea- Eastern
/ property is one of the most important
/ occurring in the Cananea neighDornOod
/ in the past five or six years ana Is
| expected TO be the cause of revival
/ of mining in the AjOs after a lapse
/ Of several years.
It is understood that 100000 is to
/ be paid within the year and that the
/ Fay-Cananea. company is also TO re-
! ceiYe q ROYALTY Of 105 on all ores taken
/ from the properly.
| re Fay Cananea is considered good
| company and the ground IS mghly
| mineralized. much work being done 70
] demonstrate this fact. The ores carry
| copper and silver in commercial guam
| titles and are highly siliciOus, making
\ good fIux About i've years ago
| considerable ore was treated in Can
anea for the company, with good re-
| suits.
The officers of the Fay-Cananea
/ (American Organiza tom ale; Marcus
/ L. Fay. president: G. A Daugherty, vice
/ president and treasurer; George NJ. Fay.
! secretary. the foregoing and the 1ol-
/ lowing comprise the board of dfrec-
| tors: VIM J. Shulze. John McDan-
/ iels and Lee Kannaple- The secretary
I 81 haa Afn.T-f rag1rn AZ
/ Kemp of Cananea. The company was
| organized in 1904, capitalized at So
! 600, 000; shares s. par.
| Cananea Consolidated Output.
The output OF the Cananea CONSOLE
| dated Copper company smelter for the
| month Of December was 5,6O0,OOO
/ pounds Of blister copper The Nov
| ember output was $50 900 pounds
| At the Alacran shaft of the Mexican
| Metals company. a depth Of 1S5 feet
] has been reac=ed The cutting Of the
! station at the $50 foot level is in prog
| ress- Drifting on this level is also
/ being prosecuted The Unwatering Of
7 the Pal0 SecO shaft continues.
Work on the Cananea-BostOn.
The Cananea- Boston shaft has
| reached q depth Of 10 feet, the forma-
/ ton changing considerably in the last
10 or Is feet, it now being a very
] tight conglomerate. The 200 foot
! level viii be reached in about three
weeks, when drifting will be com
D
Lon Kelly. who is operating the
Reeves shaft of the Cananea-BostOn
I on a lease, has two shifts at work
! and is now prosecuting on the 100
foot level. A within is being used al
present. Later an electric hoist will
be installed
The Con Virginia property. located
in the Moctezuma district. close 10
the Chihuahua boundry line, recently
made shipment OF high grade gold
| silver ore TO the Copper Queen smelteI
at Douglas. The shipment was 80
tons. he property is owned by Carlos
Soto and the ore was freighted, or
1 packed, rather. $50 miles to the near
est railroad. NacOzari.
InstaIS Gasoline Hoist.
The Churunibabi Leasing sOciatiOn
| operating the property Of that name,
OF the 8IOctezuma Copper company,
has installed a gasoline hoist and
is preparing to ship regularly to the
Copper Queen smelter- The ore is
silver gold and highly siliciOus.