Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-19
N. B. COMPANY
gets VALUABLE
Mineral rights

More detailed information concern
ing the consolidation Of the Montana
Bingham Mining Compan. and the
Fortuna by Honolulu and California
capitalists, together with the Evans.
Morris Whitney brokerage firm OF
Salt Lake, at a figure said TO be In
the neighborhood Of $685., 900, has been
received here. The Salt Lake Tele'
gram says:
s The consolidation VIII give tmme-
date employment to about 200 men
and eventually very large force Will
be employed. II Is the intention Of
the company not only TO connect the
big copper properties across the gulch
from the Utah Copper with the great
drainage and transportation tunnel OF
the Montana Bingham by system OF
raises and crosBcuts which are al
ready partially developed, but also TO
erect one of the largest mills In the
Bingham district, capable Of handing
the tonnage Of, the Montana Bingham,
the Valentine, the Bingham Amalga-
mated, the Ttawaukee and the Fortu'
ma, all Of which are IN the eonsolica-
ton. A mill site and water rights are
already controlled by the eonsolida'
ton and Is situated short distance
from the portal Of the Montana Bing-
ham tunnel.
"The purchase OF the Fortuna by
the consolidation gives IL an acreage
second IN mineral value 70 the Utah
Copper, including the mineral rights
across the gulch from the Utah Cop
per. the mineral rights under the town
Of Bingham and those Of the Valen-
tine, whose property extends on the
Utah Copper side Of the guich to the
Utah Copper side lines. ..-
The Tiawaukee has already pro
duced from 1880, 900 to 100000 In
shipping ore. There are besides ex.
posed in the old Slopes thousands Of
tons of milling ore which were not
marked because Of lack Of proper
milling process IN those days. The
Valentine Is a regular shipper.
The Fortuna has shipped approx
mately s70D,000 worth Of high grade
copper and lead ore. During the last
ten months 1essees working the prop
efty indifferently shipped So, 900 IN
values. During the month Of May the
shipments netted $4,000. The For
tuna has vast underground workings
exposing million or more tons OF
copper ore and more than 2,000, 900
tons indicated running from IA per
cent up When It Ii realized that the
average value OF the ore Of the Ohio
Copper Company, which adjoins the
new consolidation, averages but 8 OF j.
per cent and that tho Utah Copper ore
averages less than IL per cent, the
enormous value Of the Fortuna ore.
bodies VIII be appreoiateu.
Prior to the consolidation made
the Fortuna has been obliged TO ship
Its ores BY wagon road distance Of
more than two miles 20 the railroad,
the total transportation cost and smell.
ter charges being above 81 q ton. With
the consolidation the Fortuna win now
be able 10 use the great Montana.
Bingham drainage and transportation
tunnel. making Il possible TO trans-.
port and mill the ores ct Bingham ct
q cost Of approximately 81 q ton. In.
addition 70 the enormous ore bodies
blocked out m the Fortuna there are
thousands Of tons Of old ore and tail
ine dumps from former operations
which Il now al milling ore and q
considerable percentage Of high grade
shipping ore. Exhaustive tests have
been made by Mr.. Higgins and the
Montana Bingham Company In these
Fortuna ores showing that q saving Of
81 per cent can be made By the oil
flotation.
a flotntion plant OF capacity Of
500 tons daily. which Il expected 70
be IN operation In so days. Is now be.
Ing erected at the Fortuna TO mill the
ores from the dumps. also from sub
leasers IN the mine