The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-08-14
MINING AND
OIL NOTES

The silver City Enterprise an
nOunces the leasing OF thirty-two
claims In the old Georgetown district
Of Grant county by g. \. Peterson
and associates Of Chicago. the claims
covering practically the whole min
oral zonc Of the once mmous camp.
The ieHsocs first became Interested
In 1919. when the a the proper
ties examined and a number or care
ful examinations ave since been
mndc. These reports are said to
have agreed that the ores offered "a
good opportunity for profitable min
ing under modern methods and 81 iH
stated that extensive development In
go be undertaken. Up TO 1898, whom
mining ~ Goorgctown may ho said
20 have ceased. no ores running less
than $40 "A ton In silver could be
handled at a profit These ores were
left In place OF thrown ON the dump
when necessary to mine them In or
der TO get at the high grade ores.
There are many Old Slopes. shafts
and tunnels filled with these low
grade ores which Il Is expected viii
Yield "a profit with improved mining
methods and modern equipment
The entire dump at the mines is
said to show average values ~ &ll
a ton. At So a ton as the cost of
mining and treating tho ores with
the cyanide process, IA" operation
with the ores on the dump alone iH
expected To Weld a profit. rho
Georgetown mines have a production
record of s.. 900. 900 They are mons
the oldest silver mines IN the county
silver was discovered AZ George
town as early as 1866. hut no work
was lone there until after 1879, whcn
Fresh and McGraud'r located ana
commenced mining By 1875 the
camp wa booming and work con
49,. o. ..LHHH HHL AHHH.aW. -
silver prices In lh92 caused the
closing down Of the mines, The
Mimhros Mining company "a New
York concern. was the largest opera
tor. This company built a conCcn-
traung mill containing fiv stamps
and two whitley tables. when OPP
oratIous were nt their height George
town was q thriving town with more
than 1000 inhabitants II has been
deserted Tor several years and n
building alone remains tu mark tho
townsito. The principal producing
mine were the Naiad Queen, Com
mercinl. McGroor. McNulty and sat
isfactiun. an or which are included
In the property purchased by Mr.
Peterson.
According 90 san Juan county
ewspnpcrs further efforts on a
large scale are to bo made to locate
the DIX VII lNhN NNNN NNNNNN N'NNN"h|h
~gcoiopists have said should Doe found
Eomrwhoro In tho san Juuu basin on
vicinity. Tho Midwest on and Re
filming company is reported to ho
ready 10 begin q thorough drilling
campaign on ita leases In the Otc
Indian reservation lands The first
Of the test wells has boon located
rs miles northwest Of Pennington
and five miles west Of the Ia Plata
river. This well, which WIS sruddDd
ia three weeks ago had reached $50
feet last week whom @ shutdown was
forced on account OF boiler rouhlus
due To had water. The water is be-
ing hauled and % may Doe necessary
60 suspend operations until "a water
line can be aid although thu drlll-
era expect to strike water at 500 feet
Rebuilding Of the derrick Of tho
Angclua on company In Luna
~. which collapsed recently whom an
effort was made To liu the casing.
IL now well under way. II is expect
ed that the new derrick Will be
c0mpietpd within the coming week.
when drilling viii be resumed. The
Florida on company, drillins north
west Of Doming, has suspended OPP
oratlons pending an effort To raise
5000 additional funds T. pay for
casing. The company, a local con-
Germ, IL selling stock to provide the
necessary funds.
The Rodland-No Mexico oil
has let q contract for n
1000 foot tcst well north OF Colum-
bus, y. NJ, taking over leases held
by the VALLEY oil company " that
place. The latter company nut down
a wen tn u depth OF 1850 feet, paeI-
ing through q stratum Of blue shtlo
at between 1880 and 1909 feet,
which is said to a shown traces
az a light parrafin oil.
The silver city Independent states
that mining activity continues In
Chloride Flat and H. attracting wide.