Miami Consolidated Mines Company ( Mining Scam) - Gila. Miami. Arizona 1916
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Beautifully engraved certificate from the Miami Consolidated Mines Company issued in 1916. This historic document was printed by Goes and has an ornate border around it with a vignette of mill next to a stream with two smaller vignettes at the upper corners of miners working underground. This item has the signatures of the Company's President, J. H. Thomson and Secretary, P. H. Weeks and is over 90 years old.
The company owned claims on 200 acres that adjoined the Inspiration Needles Co. Prior to this company, it was said that the property had 19 owners who were able to ship 272 tons of ore assaying at 2.6% to 5% copper in 1915. Drilling in 1918 indicated that the first hole hit ore at 420 x 2019;. The second hole hit ore at 585x 2019; and the third hit rich chalcocite. There was never any production from this company and it was idle and presumed a mining scam. Harry Lefkovitz was the promoter of this company who ended up in jail in for stock fraud