Bisbee daily review., 1916-11-05
MINES MINING, LOCAL STOCKS AND COPPER
CHA CANYON COPPER COMPANY IS BIDDING
 FOR POPULAR FAVOR
Company Recently Organized in
 Phoenix and Owning Property in Pinal County Has Exceed ingly Good Looking Prospect.

lngly GOOu lOOKlng frOSpeCt. | HAYDEN, Ariz., Nov. 4.-That the Gila Canyon Consolidated Copper company will shortly become one of the large producers of the Ray-Hay- den district is indicated by recent de- 1 velopments at the property of that company at Chlito, four and half miles north of Hayden Junction. Ore now coming from all surface workings at the property averages about five pe-' cent copper, and with the installation of new machinery which is now Ol the ground, the driving of a tunnel be- low the present workings and market | for all the ore the company can pro- duce after January l, there is every prospect that the Gila Canyon mine will prove one of the big properties of this section.
 Particularly favorable for extensive operation at the Gila Canyon mine Is the report of R. w. Hollis, chief geo. logist for the Ray Consolidated Cop per company, who has just completed an examination of the property. MT. Hollis reports that all workings are now in pay ore of a good grade. While the company is at present limited to 800 tons per month by conditions at the Hayden shelter, it has been as sured that after January l it will be able to market all the ore it can pro- duce.
 Site for a tunnel, designed to tap the ore body about fifty feet lower than the present workings, has been selected by MT. Hollis and work on the new tunnel is to start as soon as a contract can be let. The tunnel will be about 200 feet in length, and will enable the company to work the ore down ro, the tunnel level instead of hoisting it up to the upper tunnel level, tunnel can be used to advantage be- fore it has been entirely completed, thus hastening the day when the pro- duction of the property will be ma terially increased.
 All development work at the proper ty is now being paid for out of the proceeds of ore shipments, which amounted to twenty.two cars from August Is to October I, this year, re- turns from nineteen cars netting the company S7,695.S1. With the installa- tion of new machinery, including a Compressor and hoist. which are now on the ground and ready for operation, development work is to be greatly speeded up.
 Present workings at the Gila Ca1- yon mine include a tunnel 1900 feet in length at depth of 400 feet from the surface the tunnel having been started with the object of cutting the contact between the diabase and DOT phyry where engineers believe great bodies of commercial ore will be found. The tunnel passed through 300 feet of mineraliZed ground, which it is be- lieved will prove to be commercial ore with proper concentrating facilities. A car of ore has been broken from this ground for the purpose of determining its copper content and accurate infor- nation as to its value As all of the copper contained in this ground is su!- phide. Engineer Hollis believes 1t probable that it could be concentrated into high grade product.
 A winZe has been started from the main tunnel for the purpose of explor- ing the ground below, the winze being sunk at d point where high grade sul- phide ore was encountered. some of the ore running as high as 30 per cent copper. The winze is now down about ten feet and shows very satisfactory results, the ore being struck in string CTS and punches. While no systematic sampling has been done, MT. Hollis estimates that all the material taken from the winZe will show a good per cent of copper.
 syndicate of Arizona investors is now being formed to take up 100000 shares of stock prior to the listing of Gila Canyon Consolidated on the New York curb, arrangements for which are now being made. The syndicate is headed by R. Allyn Lewis, the in. vestment broker of Phoenix, w. A. Horrell and other Phoenix mining men. Directors of the company include ]. A. Callaghan, state auditor; Charles II. McArthur of McArthur Brothers com pany; R. w. Hollis. mining engineer with the Ray Consolidated Copper company K. Allyn Lewis, investment broker, and Frederick s. Stephen Of
 
 Dundee-Arizona Copper company.