The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1917-05-25
MINING co. INCORPORATES
ron MILLION DOLLARS

I
bilily, Of Columbus, New Mexico.
The incorporation Of this company
is asked for by Thomas q. Lakeland,
Augustus Hicks, Frank @. sherer,
n. A. Parrish W. J. o'Brien and Joe
Winner all OF this place. Frank O.
Sherer Is named agent for the cor
poration whose principal once Is 10
be at Columbus. The company is 10
be incorporated for one million
fi.0O0,o0O) dollars, represented by
as many shares Of the par value Of
one tsi0Oj dollar each. A very
small amount OF stock will be placed
on the market at par rpon h
tiflcate Of incorpor ton e..
proved and issued by the State.
The property controlled by N
company includes all VI the original
Kentucky Mining Claims and In ad-
diiion other claims which give the
corporation an aggregate OF four
, hundred twenty go acres of cK-
cellenl mineral land. Exploration
and development work on the orig
inal claims was started iu 800, ny
Thos. q. Lakeland and on Noyomi0r
I, 1915 a group Of claims known a.
the Kentucky Mining Claims Nos l.
2-3-i-5-6-7 and 3 were located. tho
required assessment and discovery
work performed. and the property
recorded During the years OF 1915.
1916 and 1917 development work has
been carried on intermittently and
total Of about fve thousand dol
lars has been spent In sinking vari-
nus shafts, open cutting. drifting and
tunnelling. As result OF this work
there has been discovered on the
north slope Of the 4th or West
Peak of the Tres Hermanas. in
which the claims are located. an ex-
cellent body Of lead-silver ore. The
mineral as found lays well up on
the slope Of the mountain and In
order 10 properly develop. a tunnel
is now being run from the base Of
the hill 20 cross cut all .ladges. with
the ultimate object OF reaching at a
depth the ore body which the wor-
kings higher up indicate. A. pres
ent the tunnel is one hundred seven
ty-ilyc feet with an approximate
distance of three hundred hfty feet
10 50, In all, before II is expected
10 encounter ore such as the sur
face workings produced. II is es-
timaied roughly that AZ a point this
distance ~ will give a depth of three
hundred feet on the ledge. Ledges
carrying lead. silver and gold values
have been cross cut 80 far in this
work and Of sufficient strength In
values 10 make an excellent con-
cenlraling proposition. The ore
originally encountered gives a mill
ing test Of ~ per cent lead. 90 ~.
silver and 81 gold AZ the present
mark i price Of lead and silver this
Noulu seem 10 indicate values Of
sil657 per ton. On tho north claim
Of the original group In a shaft Of
hut 20 feet depth ore carrying 1872
per cent lead & oI. silver and Sc gold
has been encountered. .oui-eropp-
ings OF metal, usually assaying lead
and silver only, are 10 be found on
all Of the claims OF the Kentucky
group which would seem to indi-
cate the proximity Of considerable
sized body Of metal.
Application has already been made
by two parties for leasing on a per-
centage basis portions Of this pro-
perty and they will start work I'M
mediately upon some agreement be-
/ ine reached.
With the granting Of certificate
Of incorporation by tho state, an
amount Of stock, 10 be decided, will
be placed upon the market and the
moneys secured from this source
will he used IN the purchase of
modern mining machinery and
equipment for placing tho proper
ty upon a firm footing as a produ-
Ger and. therefor. as a profit maker
and an excellent investment.
Invitation is extended by the ow-
ners TO all who are interested 10
visit and inspect this property at
any time.
West OF the Kentucky Claims and
adjoining Mr.. Ruby and associates
are proceeding vigorously with ex-
ploration and development work on
an excellent lead-silver property
which promises exceedingly good
results, A double compartment shaft
is down nfty feet and with two
forces Of men working. great prog
ress is being made. Drifting has
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