Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1892-08-20
GEORGIA GOLD FIELDS.
The Property and Prospects Of the AtIant
Gold Aitninx Co. Fully Described.

The Property and Prospects Of the Atlanta
Geld Mining Co. Fully Described.
The two articles appearing recently In
your journal have called forth such hoot
of inquiries IN relation to the plans pros
poets etc. etc. OF thu Atlanta Gold Mining
Company, that the company has requested
your correspondent 10 answer through the
medium OF the press ths many questions
which otherwise would require score OF
letter writers
The property upon which the Atlanta Gold
Mining Company proposes TO begin opera
tons IS situated about 81 miles east OF
Dsh'onexs. Ca. consists OK forty-acr
tract OF land, which is crossed in n direction
slightly east OF north by the famous Ctl-
houn Gold Belt, having on this lot width OF
about $50 feet. The entire belt is COM
rosed OF alternate strata OF soft safe an
quartz. all bearing more or less gold. At
different times within the past twenty years
more or less mining has been done upon
this lot. and while the work has mainly been
confined TO very small portion Of the vein.
and has always been OF a crude and desul-
tory character, the returns in gold have
been extremely gratifying. and in several
instances OF sufficient magnitude to put the
miners, who from time 20 time have held
leases upon the lot, in very strong financial
circumstances. The total cost Of all tie
work thus far done upon the lot woui not
engineer, provided with proper appliances,
exceed 5000 and the total gold derived
rom this work, covering not over two acres
Of thu forty acres, is considerably over 500 :
c0d.
The vein or ical is we'll defined through
out the whole length Of tho lot about one
quarter mile, anl has been explore at
number of p,acss by shafts and tunnels,
proving its cont.nnancs in siza aud richness
Aaff 10 fRf &c tf14aFt "a AZ
which is further evidenced by IT, valuable
and rich mining properties lying upon the
extension Of this lead, both north and south
Of the property OF the Atlanta Gold
Mining Company The shafts sunk
upon this lead have gone 10 depth Of
about forty feet. and have without excep
ton, followed down quartz veins which grad.
ually increase in 2 aud richness as depth
was attained Hitherto the mining has been
conducted principally with water. excerpt
where shafts were sunk, and the ore passed
through Sluice boxes depending solely for a
means of separation upon the gravity OF
the gold, and consequ nifty allowing much
Il the fine gold and all the gold contained in
The undecomposed sulphurets to run to
waste This loss, resulting from causes noted
above, has amounted to fully oae-half the
assay value of the ore, as demonstrated by
determinations made with great care and
exactness by the company.
The Atlanta Gol1 Mining Company now
proposes 10 put in operation machinery for
mining which viii greatly cheaper the cost
of the ore per ton delivered at the miuS, md
appliances that will save at the mill not
alone TIL heavy free gold, but all iner par
ticles and the gold conlained IN thu sui
phurets as well.
The experiments made BY tho company
have demonstrated that mill with capac-
ity of twenty tons can be supplied with orc
for many years aud will yield an annual
Profit of 800, 600 on upward. Tho average
assay value OF the ore approximatos s2l per
ton. and modern mill properly equipped,
costing Si2, 900 to $1,000, in the hands OF an
experienced mllman, should save at least s.
per cent. Of tho iull assay value. The
Atlanta Cold Mining Company has hcen IN
corporated with capital OF 500, 900, in
shares Of $40 eac1, fully paid an non assess
able and one-haif this capital stoc;, or
$50, 900, has been placed in the treasury rs q
working capital.
portion OF this treasury stock. su 1lcient
TO cover the cost Of the mill and sucn other
Improvements as the company has in contem-
plation, is now offered for sale at 50 per cent.
of its ar value, or s. per SHIRE. The
southern BANKING and TIust Company OF
Atlanta, ia, is the transfer agent Of tho
company, anl all orders for shares shoul |
be addressed TO them or 10 the Atlanta Gol |
Mining Company, No. North Pryor street,
Atlanta, Gu