Weekly journal-miner., 1922-01-11
MINING
 MEN PLEASED OVER THE NC-4
l.. N. Abel and Austin Anderson Declare Producer Is Coming on Hassayarnpa Where Local Men Have Cut Silver Body

! MSll 11dNc OuI Ol1VSI .OOuy After several days spent in making
 a careful investigation of the hold
 ings of the NC-4 silver mine, Lute N. Abel and Austin Anderson of
 Boise, Idaho, have returned to the lefty enthusiastic ill their praise of
 the mines of the company. They are
 both men of many years experience
 Ill the mining business, and ill the
 actual work on mines, and are as good judges of mining properties under development as any man who has visited this section for some time. As to his impressions of the NC-4 property, MT. Abel said: T came here at the instance of Eli s. Perk- inS, and on reports sent me by him.
 l thought he was putting the propo- Sition up pretty strong, but I knew
 him and did not believe he would
 misrepresent, for he knew that I had seen few mines before So 1 de- cided to come and look for myself,
 and 1 can frankly say that I feel
 that the reports of the engineers and the representations made by Mr. Perkins are all very conservative and entirely within the facts. 1 know as
 positive fact, that if that group of
 mines was in the hands of many
 promoters that they would tell
 much stronger story than the NC-4
 people tell. And, he would be justi-
 fled, too, for 1 find that this proper ty is right on the verge of becoming
 a producer of high-grade ore. The
 lower drift in the mine will soon en- counter the old ore shoot that first
 made the old Zero mine famous, and
 l am sure that good sized ship
 ment can be taken out at little ex-
 penSe. Then on the Whale vein
 where the .bird's-eye porphyry dyke
 crosses it, there should be a big
 lense of the same character of high
 grade ore that was shipped from the
 tunnel on that claim. It ran over
 200 ounces and I would expect the
 ore at the intersection of the vein
 with the dyke mentioned to run much
 higher. This tunnel can be continued
 under that or: chute very cheaply
 and may produce enough shipping
 ore to put the mine on a permanent
 shipping basis. Aside from these
 conditions, the big gold and copper
 veins can be cheaply developed at
 least 300 feet deeper than they have
 ever been cut by a cross-cut tunnel.
 When that tunnel is driven it is my
 opinion based on years of experience,
 that this company will become one Of the dividend payers of the county and will be one of the best business feeders that the city of Prescott has
 ever had. l could talk to you all
 day about the possibilities of that
 group of 12 claims and the advan-
 tageS of working them, but this will show you that 1 am pleased with the
 NC-4 company and its holdings"
 Mir. Anderson was then asked what he thought of the proposition and if he agreed with MT. Abel He said
 "The talk just made by MT. Abel voices most of my sentiments on the proposition. But, I think I am more highly pleased with the mines than MT. Abel IS, for 1 have decided to put my time into the work of de- veloping the company and am will ing to give the company my. services and the value of my experience, in exchange for shares in their company at 50 cents a share and will gladly l raise my paying price as the various blocks of stock of the company are sold and the price gradually raised to Sl share I think in fact that l the first price of the stock should | have been $1 a share as it is certain | ly real investment at that price, for | there is scarcely a doubt but that | property will develop into one of the biggest mines of Yavapai county. 1 know what am saying when I | say that, for I know that some of | the biggest mines in Arizona are To- cated in this county, and that some of the biggest in the United States are located in Arizona. I have mined ill some of the big mines of Arizona and have travelled over South Amer ica and mined in that country, and I |, know that the NC-4 people do not need to be ashamed of their property in comparison with the mines of any country. It is my opinion that when this property is developed to depth, where the veins are more regular that the people of this section will be surprised at what will be opened Ip. There should be no trouble to i finance mine like this. And, from what I know of the plans of the feel sure that it will be financed very quickly now. 1 ex- oect to become a resident of this section, and want to see the mining I people awaken to the possibilities of ], Inc mines of this part of the Has ,ayampa district, which I think will contain several other big mines"