KATHERINE GOLD MINING CO. ARIZONA
Ofnce: Kohl Bldg., San Francisco.
Mine address: L. H. Whitney, asst. suptv Kingman, Ariz.
Officers: Chas. Sutro, pres.; R. L. Dimmick, v. p.-gen. mgr., Kingman, Arii.; Sidney L. Schwartz, sec.-treas., with E. L. Dow, Allen E. Ware, W C. Howard and Phillip I. Manson, directors.
Inc. in Arizona. Cap. $2,000,000; $1 par; fully paid. Registrar, Mercantile Trust Co., San Francisco. Property acquired from New Comstock Mng. Co. (q. v.) on Aug. 29, 1921. Permit to sell stock has been granted by Arizona Corp. Com.
Property: the Katherine mine, 9 claims (1 patented) covering 4,700′ along course of the Katherine vein, in the Union Pass (San Francisco) district, Mohave county, 1^4 miles E. of the Colorado river, 30 miles W. of Kingman, and 26 miles from Union Sta. on Chloride branch of A. T. & S. Fe R. R. The Katherine is a quartz-adularia vein in gneiss, with value largely in gold, which outcrops a short distance before disappearing beneath overlying gravels; width at surface 60′ to 75′. average 32′. Ore is chiefly low grade, but high grade lenses occur.
Development: by 400′ shaft, with 4 levels at 100′ intervals, and crosscut through vein at 50′ intervals, has opened an ore shoot from 287′ to 533′ in length; total workings, 7,800′. In November, 1921, a winze from the 400′ level had been sunk 90′ in ore said to assay $20 to $50; to be continued to the 700′ level. Official estimates give 190,000 tons of ore blocked out. of which 94.000 tons average $11 and 96.000 tons, $14.45. a total of over $2,500,000.
Equipment: includes hoist and compressor. Preliminary plans already made for a 300-ton all sliming continuous counter-current decantation cyanide mill.
On Aug. 25, 1921, 500,000 shares were offered for sale, at a price of $1.25 for first 100.000 shares only. Property appears to have the making of a first class gold mine.