International., 1925-08-03
GREECE MAY INVADE BULGARIA
EARLY ACTIVITY PALMETTO MINING
DISTRICT PREDICTED BY WRITER

1t seems to be human nature to
want to see what is ca the other
side of the hill, and this same trait
seems to hold when the investor is
seeking an avenue for his surplus
cash, and goes afar looking for
opportunities when closer at home
there are real chances of safe in
veStment.
Recently representive of the
international visited the Palmetto
mining district, in the Patagonia
mountains, in company with A. j.
Welty, the mining engineer, and
family, and he was surprised at the
highly mineralized district being
practically idle for the want of
funds to develop the various
groups of claims there.
Our representive foresees early
activity in the district as capital
will be "shoWn," and capital is not
tinid when real investment
chances are in evidence.
While most mining districts in
the Patagonia mountains have been
neglected by the investor in the
past, late improvements in mining
and ore treatment have made it
possible to operate many proper
ties that under older methods did
not appeal to capital. Ores, that
in past days went onto the dump,
are now treated at good margin
of profit. IN fact new methods
have advanced most Of the ores to
the high grade class.
The weather being inclement,
only few of the claims in the
district were visited, most of the
time, between showers. was spent
on what is known as the Denver
property, and Mr.. Welty's recent
description of the property in the
international was found to be not
overdrawn in the least, in fact, he
was very conservative in his state
ment. The various shafts visited
shows the values constant and in
creasing in value with depth. The
vein being of the fissure type the
surface teachings will be found in
the secondary enrichment with
depth. This vein crops for a dis
lance OF 45OO feet across the pro-
perty and numerous shafts sunk
thereon, from 10 feet to 40 feet
In depth indicates an average width
OF about six feet. The mill head
values are about $4,000 per ton.
High grade lenses occur in the vein
that can be shipped direct to the
smelter without running thronub
the mill, a 1OO-ton ore flotation
plant, which is contemplated. The
values IN this vein are gold, silver.
!ead and copper, the lead decreas-
ing with depth and each of the
other three metals increasing with
depth. Will
A tunnel now being driven will
cut the vein over 400 feet below
the surface, which means econon.
lccal ore extraction for a lono
period of time.
Before returning home a few
minutes were spent on Alfred Y
Iatt's and A. L. Peck's properties
Bracey Curtis and DR.. A. L. Gus.
letter also have a group of claims
IN the district but the writer did
not have time to visit the work
ings,
AT Mr.. Taft's Union shaft some
very high grade ore was on the
dump: Many years ago owners of
the Union shipped ore from this
shaft to the smelter at Albuquer-
que, New Mexico, using burros and
teams for transportation the rain.
road not being built at that time
but the drop in the price of the
white metal and the encounterine
of water, with the high cost OF
haulage to the smelter, caused the
owners to cease operations. Will
depth the Union should bring in &