The Arizona copper camp. [volume] (Ray, Ariz.) 1910-1920, 1917-02-03
CHA DEVELOPMENT NOW
FINANCED; EASTERN CAPITAL

Bringing the good news of the COM
plete financing of the ella Developing
company, Fred M. Dow, one of the di-
rectors of the corporation returned re-
Gently from Boston. AS result Of this
trip, and of the showing made by the
comapny, unlimited funds are now
available for the development of this
important property, and operations on
a large scale will now go forward with
all speed.
The ella Development company was
organized for the purpose of develop
ing the Cane Springs group, and, I'M
like many other companies in this dis
trict, has been financed entirely out
side of Arizona. In fact the company
offered no stock for sale in Arizona,
practically the entire issue being taken
by Boston capitalists. Development
operations are in charge of Roy G.
Mead, vice president and managing di-
rector.
The following extracts from the re-
port of Mr.. Mead under date of June
10, 1915, prior to the organization of
this company, briefly describe the prop
erty:
1.-The region in which the Cane
Springs property is situated is one of
the most prominent mining sections in
Arizona. The property of the Ray
Consolidated Copper company lies
about five miles to the west, the Magma
Copper mine and the famous old Silver
King, now being reopened, situate in
the same range of mountains, lie a few
miles further to the west. About two
miles to the east is situate the Bar
barossa property, where numerous
large gold nuggets have been found on
the surface. The London Arizona and
the Christmas property lie about ten
miles to the east in the same range of
mountains. The large copper prop
critics of the Miami and Inspiration
Copper companies lie about twenty
| five miles to the northwest and the
Troy Arizona Copper company prop
erty at Troy lies about two miles
north.
"The property in question embraces
a true fissure vein, which cuts the
granite, diabase and sedimentary rocks,
and can be traced on the surface for a
distance of soYeg seven thousand feet,
by the prominent outcrop of dark col
ored quartz. The vein average five
feet in width and the filling is a dark
colored quartz, which carries free gold
that can occasionally be seen with the
naked eye. The vein has been opened
at regular intervals by surface cuts
for the purpose of proving it's contin-
uity and dip.
"The principal work is on the eastern
end of the Wisconsin claim, where the
vein has been opened by tunnel one
hundred and twenty feet inlength and
by a winze sixty-three feet in depth,
from which two levels were started
This work has disclosed the fact that
the vein carries very high values in
gold which is free milling and can be
treated on the ground through a mod
ern mill. On the main tunnel level the
vein material is very much altered and
oxidized and the gold values are low
compared with the deeper workings,
while on the second level sample
taken across the vein for distance OF
four feet assayed $4,000 per ton in gold
On the bottom level the vein is about
five feet in width samples taken gave
returns from $40 to $120S.00 per ton
in gold.
1.-The fissure vim exposed on this
property is one of the most promising
veins l have ever seen.
1.-THE New Era, Jumbo and Joe Dandy