Weekly journal-miner., 1916-05-17
VALUABLE PROPERTIES
 ARE QUICKLY FINANCED
Local and Outside Capital Backs Up Yavapai Mines; Work on Loma
 Prieta Begins in Earnest.
(By William P. De Wolf)

T
 [ will be deepened 100 feet and further contracts for deepening the shaft, drifting and crosscutting will be let. | This work will demonstrate the per manency of the Loma Prieta ore body and at the same time will af- ford the management large area of stoping ground in which to mine a large tonnage of very profitable ocp- per-bearing quartz.
 The Copper Content
 The low grade ore exposed in the Loma Prieta workings carries an average of i per cent copper to the ton. The high grade varies in its copper content from l9.7 to as high as B per cent to the ton. It likewise carries about 2S per cent in sulphur, about the same per cent in iron, as high as S40O in gold and from to ; ounces in silver to the ton. The area of copper dissemination which radiates from this rich central de- posit is very extensive and in the judgment of practical mining men of fers investment opportunities similaf to those of the Verde district-home of the great United Verde mine. | These men believe that mining copper in the Copper Basin section will prove very remunerative and they are giv- ing a practical demonstration of that belief by investing in mining prop critics there.
 Schuber Copper Company Henry Livezey, in conjunction witE local and middlewest mining men, has taken over the Scnuber group of l9 claims in the Copper Basin section and incorporated the Schuber Cop per Company for its development. The acreage carries an ore channel parallel to the main copper ore chan mel disclosed on the Loma Prieta, ad- i joining, with values ranging on a parity with the last mentioned. The Schuber ore shows both copper sul- phides and copper oxides in quantity and apparently in place. The pres | ence of chacopyrite is as persistent , and noticeable as on the Loma Prieta ground Machinery is to be installed at once and the property developed to the point of ore shipments with all the dispatch compatible with safe and sane mining operations.
 Tiptop Company
 i The future of the famous old lip top mine, one of the silver bonanzas of a former decade, rests with the Tiptop Consolidated Mining Com pany, a recent incorporation that has the backing of Prescott and Phoenix capital. The company is capitalized for S375,0O0 and has ore in sight to value in excess of Sl,O00OO0. The officers and directors of the company are well known mining and busines men They arc: C. w. Davis, presi- dent and treasurer; A. F. Muter, vice president; F. L. Haworth, secretary; the other directors are w. w. Elliott and D. l.. Nelson. Shares of the company are meeting with a ready sale under an increasing demand that 1 has as its basis the enhancing value of the large bodies of silver and tungsten bearing exposed in tunnel and shaft workings to depth of 500 feet. On and above the O0-foot level there are 10000 tons of ore in | the stopes having gross value O. | SAY 600. and 1000 tons of orc i'll place having a gross value of So6,OOG. On dump there are 10000 tons of ore having a gross value of S450.00O. The I foregoing facts were established by mill determination on ton lots. Be low the 200-foot level the workings are at present inaccessible as they are filled with water.
 Mines Past Record
 During the 1875-S5 decade Hagen, Head & Hearst, operated the prop erty and mined S4,00O,OO0 worth of | high grade silver ore. No ore hay ing a value less shan S400 per ton could be handled at profit then owing to inadequate transportation and an entire lack of railroad facilities. Hun dreds Of tons of S200 to $500 ore was left standing in the workings to later be mined at profit by leasers. Dis semminated through the lower grade ores. passed up as unprohtable by carly-day operators, are streaks of woliramite carrying high percent age of tungsten. From the dump and workings 64 tons of wolframite ore were removed and treated at the small milling and concentrating plant erected by the management for test ting purposes. These tests yielded 6S0H pounds of GO per cent tungsten concentrates. which at present prices have value of about S2.50 per pound. From the foregoing will be gathered that the Tiptop mine holds prof: yielding possibilities of moment in ; its tungsten bearing ores as we'll as in those which arc silver bearing. Tuscombia Company
 |. Plans are oracticaiIv rOmDletad for