Bisbee daily review., 1917-05-20
BINGHAMpTON'S OWNERS REFUSE
 FABULOUS PRICE
Offer of Nearly Two Million of Property Is Refused By Owners, According To Re port Prevalent In Yavapai Town.

One million, seven hundred thou sand dollars was offered for the Ari- zona Binghampton copper mine, 40 miles south of Jerome. according to reports in Prescott several days ago.
 The offer was made at Prescott by Judge E. w. Wells, who stated that he was representing a large cor per producing company. It is hinted that the company is already inter- ested at Jerome but there is no con firmation of the report.
 Senator William H. Reynolds of New York. present head of the Ari- zona Binghampton Copper Company, refused the offer
 The sum mentioned represents the par value of the 34O.000 shares of Arizona Binghampton stock outstand- ing.
 Owing to the rich strike recently made at the property, it is apparent that the S0,O00 shares being offered now at s a share. will be oversub- scribed Had the proposition made by Judge Wells been accepted. that offer would have been withdrawn.
 How big the mine is, no one knows. but one can guess. It is a positive fact that on the third level the ore shoot has a width of 40 feet between the walls. The same ore shoot is en- countered on the fourth level but it's width there has not yet been de termined. An inspection shows that the face, sides, top and bottom of the drift. which is being run north. is all solid chalcopyrite ore. Chalcopyrite is a primary formation, while the black copper glance that is associated with it is the secondary enrichment and is the forerunner indication of the making of a big mine. On the | fourth level running easterly from the shaft is another ore shoot, desig- mated as No. 91, where the lowest assay averages IT per cent copper. This ground is now being prepared for stoping. The ore body is not more than 40 feet from the shaft. while the shoot in the northerly drift i is about 200 feet from the station. Here are two distinct ore bodies. the magnitude of which has not yet been proven. At least one of them is per manent and continues for the same shoot is on the second and third | levels, and also on the sixth. no drift ing having been done yet on th0 fifth.
 In fact the ore now in the lower levels, which runs from to 30 per cent copper, not including the cop per glance, is so rich that it will not be run through the mill but will be shipped direct to the shelter.
 The mill which was constructed jointly by the Stoddard Mines Com pany and the Copper Queen Gold Mines Company, is now owned exclu- sively by the Arizona Binghampton Copper Company. It is treating at present a tonnage of 125 tons a day, and has a recovery of 93 per cent, the concentrates running better than 25 per cent copper The company is now installing a second Mercy mill, and has recently installed two Buch- art tables which will handle 125 tons day. Eighty per cent of the con centrates will go direct to the filters and not to the Notation, while the balance will go back to the Mercy mill and then undergo the Notation treatment With this installation the company will be equipped to produce 600,000 pounds of copper month, and this output will not include the high grade ore that will be shipped direct to the shelter.