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 COMPANY 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 1926 900, has been
received here. The Salt Lake Teie'
gram says:
The consolidation win give imme'
date employment TO about 200 men
and eventually o very large force Will
be employed. IL 10 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 crosscuts which are al
ready partially developed, but also 70
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 Tiawaukee and the Fortu'
ma, all of which are In the consolica-
ton. A mill site and water rights are
ALREADY controlled by the consoiida'
ton and In situated q short distance
from the portal Of the Montana Bing'
ham tunnel
The purchase of the Fortuna by
the consolidation gives It an acreage
second In mineral value 70 the Titan
Copper, including the mineral rights
across the gulch from the Utah Cop
Der, the mineral rights under the town
OF Bingham and those OF the Valen'
tine, whose property extends on the
. Utah Copper side. Of the gulch to the
Utah Copper side lines.
"The Tiawaukee has already pro
duced from Sl,500.00o to $4,000, 900 In
shipping ore. There are besides ex.
posed IN the old Slopes thousands Of
tons OF milling ore which were not
marked because OF q lack OF, proper
milling process IN those days. The
Valentine Is q regular shipper.
ssThe Fortuna has shipped approx
mately S7O0. 900 worth Of high grade
copper and lead ore. During the last
ten months Iessees working the prop.
erty indifferently shipped S6S,O00 In
values. During the month Of May the
shipments melted $4,000. The For.
tuna has vast underground workings
sxposing q million or more tons OF
copper ore and more than 10000
tons indicated running from 215 per
cent up. When It Ia realized that the
average value Of the ore Of the Ohio
Copper Company, which adjoins the
new consolidation. averages but s Of 1
per cent and that the Utah Copper ore
averages less than IL per cent the
enormous value Of the Fortuna ore
bodies win be appreciated
Prior 20 the consolidation made
the Fortuna has been Obliged to ship
its ores BY wagon road q distance OF
more than two miles 70 the railroad,
the total transportation cost and smell
ter charges being above 81 . ton. With
the consolidation the Fortuna win now
be able 70 use the great Montana
Bingham drainage and transportation
tunnel, making Il possible 70 trans
port and mill the ores at Bingham at
cost OF approximately 81 q ton. In
addition 10 the enormous ore bodies
blocked out IN the Fortuna there are
thousands OF tons Of old ore and tail.
ing dumps from former operations
which ID now all milling ore and q
considerable percentage OF high grade
shipping ore. Exhaustive tests have
been made BY Mr.. Higgins and Che
Montana Bingham Company IN these
Fortuna ores showing that 9 saving Of
81 per cent can be made by the on
Notation.
"A flotation plant Of q capacity Of
800 tons daily, which e expected 20
be IN operation in so days. Is now be.
Ing erected at the Fortuna to min the
ores from the dumps. also from sub.
leasers IN the mine