Weekly journal-miner., 1920-04-21

H. Keays and wife, T. E. iegler, L.
 S. Williams, of Prescott; F. L. Car
 lisle of Pittsburg, and associates of
 Kansas City, and P. R. Mines of
 Phoenix.
 Work of unwatering the old Black Horse shaft has already commenced under the management of J. E. Pier son. who is well known throughout the state as a successful mining man. The shaft is 13O feet deep with drifts north and south on the 100 foot level. Three carloads of high grade silver ore were shipped by the owners be- fore it closed down, which was thirty wears ago. The mine has paid its own way from the surface. A gaso- line hoist is ready to be installed in the next few days. Keays, the presl- dent of the company, asserts that as soon as the lower workings are cleared he will find several more car loads of the high grade ready to mine. He was one of the last men to work the old property in 1890. He predicts the opening of one of the largest silver mines of the county, for the outcrop is exceptionally strong for several thousand feet, both north and south. The Black Horse vein is an extension of one of the Emporia veins from the north.
 The best developed mine in the deal is the Emporia, which has con- siderable underground workings. It lies two claims north of the Black Horse. There are two shafts, each 200 feet deep. It is estimated that there are about $500 tons of milling ore in the mine ready to break down. The ore is amenable 10 the oil flota- ton process which is to be installed in the mill, giving a daily capacity of 30 to 40 tons It is planned to make this addition to the mill early this spring, which will give the company an income that, it is believed, will carry on the development of the other properties. Ore that has been opened already on number of the other properties can be millcd at this unit. The Emporia has history of producing a lot of sensationally rich 4old ore. A collection of samples ot free gold, owned by the president of the Peak. company, taken out of the Emporia mine, has taken num- her Of premiums from county and state fairs.
 Besides the possibilities of develop ing the Black Horse and Emporia mines into large producers there are just as great chances of finding large ore bodies by continuing old work ings of the Bornite, an old famed copper-gold property; and in the Yellow Jacket, Lluvia de Ora, Happy Home and Lost Burro. A shipment of ore has been made in years past from all of these old timers.
 A careful estimate made by the company's engineer places tie visible assets of the company at over half ! million dollars. This takes i'll the mining ground owned by deed, the net profits on the timber and ore in reserve, the water right and the foot age in the old workings that can be used again. The tract of land IS in the neighborhood of three miles =quare. The state highway from Prescott south, cuts through the eastern side of the property and branch auto roads to all of the prop critics.
 It would be difficult to find so many natural assets for the carrying put of a large mining scheme as isi possessed by the Peak company Be sides the many veins of ore that have been opened, fifteen parallel veins by actual count, there is the additional advantages of water power, commercial timber, good roads and dose market.
 The larger portion of the proper ties in the deal were owned by the Keays family and L. s. Williams, who have held onto their ground for more than a quarter of a century, waiting for the "opportune" time to | come. Believing that this good time has at last arrived, these owners turned over more than half of the present holdings by deed to the com pany for a moderate amount of the company's stock.