Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-08-28
Steady Output BY Company in
MOgOllon District; Ancient
Spanish Shaft Discovered
Near Santa Rita; Red River
Cyanide Mill Is Kept Busy.

Cyanide Mill Is Kept Busy.
silver city. y. ~. Aug. 2s.--Hesu-
Ear shipments Of bullion from the
Isocorro mines NJ Mogollon passing
through silver Clty every few days
Indicate that this company Is meet
Ing with success In IT, operations tn
that big camp. In July, according "a
tho silver City Independent A." oven
two tens Of gold and silver bulllom
were shipped BY thls COMPANY. not "a
mention large quantity OF high
grade concentrates. These facts are
almost conclusive evidence that tho
rumor -hlch has been current In all-
YER city for some time that the soccer.
70 would shortly declare a dividend o.
founded on fact The rumoF n that
a dividend VIII be declared on Soc
Orro's preferred stock at the next
meeting and that the surplus now IN
the company's hands n such that div-
idend paying on the common stock
can be expected Ia The very near fu-
ture. The socorro Mining and Mill
Ing company was originally capltallz-
ed az $4,000. 200. but this was reduced
20 t2,000,000. The company has six
Of the best properties In MoRollon. a
completely modern mill 81 large
capacity. a steam power plant besides
an OF power plant. The mill r. han
ding i75 tons OF ore per day. and as
the company has 4 surplus 0f power Il
h. entertaining proposition 10 llght
the town Of Mogollon. The output cr
bullion for several months past has
been In the ncighborhood OF ss5. 00a
per month. which amounts to 4 per
cent per month on the entire capital
izatlon.
II Is results such az these that have
established the MoR0ilon district as
the greatest In the southwest and one
Of the great gold camps Of the couu-
try. The significant fact. and the one
which ~ most encouraging to those
Interested In the Mogollons, Is that
mining operations there can be said 80
have scarcely more than started. The
Socorro II getting its best values on
the lower levels. ana this n true OF
the Ernostine properties as well. and
depth OF approximately 1000 feet
only has been reached. Results up To
date can therefore be considered little
better than indications Of what IL TO
come. In this connection the import
ance Of the tunnel proposition which
the oaks company has projected ana
upon which considerable work has al
ready been done. IN significant This
tunnel will cut all the leading pro-
ducers in the camp al the $500 foot
level, and will completely solve all
questions OF drainage as we'll as re-
duclng operating expenses II will de-
velop at depth number Of properties
which have not been touched as yet
from the surface The Mogo.lon camp
has a wonderful future. and this sun-
mel will be the ultimate solution Of
the attack on this rich storehouso of
precious metals.
FAIRS at Bailion.
Thlrty-iive thousand dollars worth
OF gold ana silver bullion came In By
express from Mogolon last Wednes-
day and Thursday, and yesterday an
other shipment OF eight bars of metal
approximating 100000 In value arr
rived from the big gold and silver
camp.
san Jose.
red last week In connection with the
operations being carried on In the
IiGncstake mine which Is located
about a quarter OF mile south of
san Jose junction. a few miles this
side Of Santa Rita. Crosscut is be-
Ing driven az one OF the lower levels
and this broke into an old shaft, thu
existence Of which was entirely un-
known 10 the present owners 81 the
mine. An ovcrhuuling of old docu-
ments and Inquiries among men who
worked in the mine In its early days
has failed TO discover anyone who
knew such a shaft VAS In existence.
From this fact Il would appear that
as this mine IL located IN section
whore the early spanish miners ala
a. great deal % work. this shaft
may have been some OF their old
workings II this Is true 81 may be
considered as one OF the best possible
indications. since the Spaniards, Win
their primitive methods. were not nc-
customod to do extensive work unless
they we're getting profitable results,
which meant very rich ore.
Stains.
John Haydan of stems returned last
week from a prospecting trip TO
Doubtful canyon. "a place In which
rich gold has been found OF and on
for the past thirty years. on the first
day out he secured some fine specl-
mems In what WAS formerly one OF the
old haunts OF Chief Geronimo and his
band of Apaches ON the second day
he struck an old indian TRAIN through
tho mountains and gathered up "a
large number Of arrow heads close 10
a deep canyon. He followed the can-
yon ~ for half mile and discovered
a wall Of rock which bore every eyi-
donce of having been the handlwork
OF human beings lie Immediately
set To work tearing Il down ana
found that II hid what had evidently
been an old shaft but which had been
filled up. He promptly started 10
clean Il out. but not being equipped
with tools for the work he decided 10
postpone the excayatlng until a later
date. However, before starting on the
return trip he broke on and brought
back with him some ga mplcs of ore
which are liborally sprlnkled with
free gold He has sent aemc OF these