The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1917-05-31
KANSAS CITY NINE EXPERT
BUYS HOPKINS INTEREST
IN RED PEAKS COPPER co.

Prof. Fayette A. Jones of the State
School of Mines, was right when he
said in Tribune-Progress's anniversary
number, that the mines of Quay coun-
ty would soon attract considerable at
tention. His exact words read: at,
therefore, is not improbable that Quay
county may spring something in the
discovery of mineral wealth on the
more highly mineralized sections Of
New Mexico at no distant date"
His assertion is already confirmed.
if reports of railroad officials, of the
asserted sale of the Red Peaks mines
can be credited, at IA price said to be
$450,000 to the Guggenheim syndicate,
These railroad men have been view
ing the situation as to the necessity
of building a spur from San Jon to the
mines, anticipating big business, the
development said to be steam-shovcl
proposition, which means large ton
mage.
These properties were first mention
ed about five years ago; that "a man
by the name of Hopkins took an in
terest, or is the discoverer, and, with
abiding faith tenaciously worked on
the idea of procuring capital to eX-
plot the find, last fall saw his am
bitions realized in the organization of
company backed by Chicago capi-
tai. But before embarking in the en-
terprise, expert opinion must be had,
which was so favorable capital took
hold without hesitation. There are
two other mining districts in the coun-
ty, which should make good invest
ment, if there is any truth in the show
ing of the Red Peaks mines.-Glenrio
Tribune-Progress.
The above artice is perhaps nearly
correct with the exception of the sale
and price paid by the Guggenheims.
AS yet the Guggenheims have not been
identified with the purchase and the
price paid Mr.. Hopkins for his inter-
est was less than $4,000.
A few months ago the Chicago cap
italists secured the services of an ex-
pert mine or mineral geologist of that
city, to come here and look over the
grounds. His report was most graft
flying and few months later a mining
engineer, formerly in the employ OF
the Guggenheims, came here and was
shown the grounds owned by the Red
Peaks Co. He made no report until
he returned to Kansas City and then
it was thought he had turned the prop
osition down. Later, about six weeks
afterwards, he returned to Tucumcari
and again went over the ground. He
had been in the mining game for years
and did not say much about what he
thought. He was shown the hills lit
orally covered with nuggets composed
of burnt clay and large per cent OF
copper. Other places in the basin
were found rich nuggets containing
"A large per cent of nickel. At the re
quest of the geologist those in charge
some So or 70 feet in depth. They en-,
countered water formation and 81
much water that it became impossibl,
to go deeper. Samples from this mine
were sent to Chicago and flatterinp
assays were returned, but this part OF
the Red Peaks claims does not seem tC
interest the former Guggenheim en-,
gineer. He has process that is much
SIMPLER than drilling mine and CAV,
his findings that if carried out ant
prove successful it will be winner
He says a steam shovel process vii
be installed and the copper separated
from the dirt by liquid process com
posed of acids and water. This vii
allow nothing but the ore to need cart
ing to the railroad and from thence t,
the smeters. Mr.. Thornton, the en-
gineer estimates the earnings of thu