The copper era and Morenci leader., 1920-02-27
STARGO MINES CO. NOW. READY ID
 ISSUE STOCK
Block of 25,oo0 Shares Has Been AIIot- ted to the CIifton-Morenci District Development Work Carried on Since Last June Justifies
 Erection of 50 Ton
 Mill

The Stargo Mines Co, since last June, under the direction of M. J. Han- non, has been carrying on develop ment work in the Stargo group and making shipments to the Calumet & Arizona Company ar Douglas.
 The first carload went forward on Sept. 30 and up to March first the Stargo company has shipped approx imately thirty carloads of ore which has netted the company S17,500.
 While the ore has been and is being shipped at a profit to the smelter, the profits can more than be doubled by milling the ore in cyanide mill on the ground. This is the concensus of opinion of all the engineers who have examined the property for the com pany, and it is conservatively esti- mated that with a fifty ton mill on the Stargo property the net profits to the Stargo company, over and above all expenses, will be not less than from $75,000 to $100,000 per annum.
 The Stargo has long been recogniz- ed as a meritorious mining property when properly equipped with mining machinery and a cyanide mill. The equipment has been installed during the past six months. Ore is being hoisted from two shafts that will average between $15 90 and $20.0 .00 per ton. All mining and milling and de- velopment costs is conservatively es- timated at $500 per ton.
 The Stargo Mines Go. is strictly an Arizona company, at the head of which are some of the prominent cit izens of the state including Hon. Geo. J. StOneman, formerly of Globe but now of Phoenix; Hon. E. A. Sawyer, of Winslow; J. c. Callahan, formerly state Auditor and one of the directors of the Verde Combination in Yavapai county; Hon. Hugh Campbell, State Senator of Coconino County MT. Stoneman is president of the company and J. c. Callahan IS Secretary and Treasurer.
 In it's prospectus the Company in- 1 vites the fullest Investigation, not only of it's properties but its financial af- | fairs as well. With the high price | of silver and the stability of silver for years to come Stargo stock should | beyond reasonable doubt prove a | valuable investment. The average
 Stargo ore carries $500 in gold and | Sl5.OO ID silver values.
 The Copper Era is authorized to | announce that commencing the first
 week in March capital stock of The | Stargo Mines Company will be ready 1 for issue to subscribers in the Clifton Morenci district. The block of stock allotted to this district, at the re- quest of M. J. Hannon, General Super | intendent in charge of Stargo opera | tions at Morenci, is 25,00O shares at the par value of $1.O0 per share. W/J. (Billy) Graham, Secretary Of | the Arizona Corporation Commission,
 has resigned his position with the Commission, effective March 1, 1920, | to act as Arizona Fiscal Agent for the
 Stargo Mines Company, and will ar rive in Clifton and Morenci the first
 part of next week for the purpose of l allocating the stock in this district. l The total amount of stock being of. l ferred at tlis time is limited to lou, DOC
 shares and no share of stock is being
 sold for less than it's full par value | The sale of stock will be confined to l the state of Arizona and blocks of the
 stock have been allotted to Bisbee Douglas, Tucson, Phoenix, Flagstaff l Winslow, Prescott, Morenci and Cliff ton. In each of the towns above nam
 ed reside the present officers, direct ors and stockholders of the Stargc
 Mines Co.
 The primary purpose of the stock
 offer by the Stargo Mines Go. at thif time is the securing of additional fl nancial assistance from the proceeds
 of the stock sale to be used in the
 erection and quilment of fifty ton cyanide mill which has beer
 recommended by the General Engin
 eering Co, of Salt Lake City, J. M
 Callow, President, and also>by David tV. Fennessey, engineer in charge o
 the erection of the S5 ton mill for the
 Duncan Mining and Milling Co.,, whicf
 has just beencomyleted in the Carlisle
 district near Duncan.