Bisbee daily review., 1917-04-29
Former Standard Mines Com pany's Property Is Near The Dividend Paying Stage Un- der New Management By
 Fasteners.
NEW YORK CAPITAL
 IS BEHIND THE WORK
New Company Has Its Own Mill And Ships It's Concen- trates To The Humboldt Smelter, Receiving Good Returns For Ore.
(By William p. De WolD

PRESCOTT, Ariz.. April 2S.-Sena-
 tor William H. Reynolds. of New York
 City and Long Beach. N. r.. the dom-
 mating factor in the affairs of the Ar
 izcna Binghampton Copper Company.
 formerly the Stoddard Mines Compa-
 ny. has developed that company's es-
 tate to the stage where it presents dividend-paying potentialities. and the copperyielding possibilities of an Un-
 ited Verde. That is 10 say the mine
 has been opened sufficiently to dem
 onstrate the presence of pay copper ore in tonnage to depth of 600 feet.
 under mineralogical conditions con
 ducive to it's continuance to a much
 greater depth. and has produced ore in sufficient tonnage and of sufficient
 value to demonstrate that it will in due course be numbered with the div idend paying mines of Yavapai coun- ty.
 since it passed to the control of Sen ator Reynolds in 1916. has added ap- preciably to the value of the copper ore deposits of this section of Arizo- na. and has. together with the Big Reef. Henrietta. Blue Bell. De Soto. Butternut, Loma Verde and Sterling. proved the copper ore yielding pOssi- bilities of the Copper Mountain-Big Afgfriotc ThASn disrrfafs n part of, or more strictly speaking, a continuation of the famous Verde cop per belt The strike of the main ore bearing zone across the intervening country about 15 miles. leads direct to the camp of Jerome. where IL dis appears beneath overlying strata of more recent origin. Mining engi- neers familiar with this belt of min eralized schist contend that it offers copper ore yielding opportunities equal to those prevailing at Jerome and elsewhere throughout Arizona. Conditions in the Binghampton mine demonstrate the truth of their con tention.
 From August Is. 1916. to April 1. 1917. the Arizona Binghampton Cop per Company's mine produced 24.S02 tons of ore. This tonnage was treat ed at the company's mill. the reclama- ton being 2,39S tons of concentrates having an average copper content of 2143 per cent The concentrates were shipped to the Humboldt smelt- CT at a net profit to the company of S243.570.60 after deducting all smelt- CT. refining and copper selling charg- es. This record is in itself one of which any mining company might we'll be proud at the outset of it's ore producing career. To mining men and to investors in mining shares the most interesting feature connected herewith probably is the fact that the tonnage mentioned was mined during the ordinary course of devel- opment and that there is not a stope of any magnitude in the mine. The speaks we'll for the future of the Binghampton property and for the mine making possibilities of oth- CT properties located on the same belt
 Development by shaft. tunnel. drifts and cross-cuts have demonstrated the presence of pay copper ore in the mine from about forty feet below the surface to a maximum depth of 500 feet-the last mentioned being the lowest level Two ore bod ies, known as "91" and TOP" have been opened on each level from ths 100 foot point down. These ore bod les are now undergoing development and are being blocked out as re- serve for future milling needs. No.