Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1892-06-18
GOLD IN GEORGIA.
where Ii is 60 be Feund in Paying Qann-
titles.
4 RrcH Eposfr DISCOVERED NEAR pAHLo-

|
a RICH DEPOSIT DISCOVERED Z A DAHLo-
NEGA. GA-Eow TIE GOLD Is SECURED.
Great excitement prevails in the gold belt
Of North Georsia, and mineral property Is
rapidly being s.gohbledn M 10y capitalists
ard mining men from the North AMI West.
The whole gold belt and particularly that
Immediately about Dahionega. promises this
year to be the scene OF gigantic emery IN
mining operations the like OF which has not
been Witness d 5 nee the early days IN Cali
fornia.
This tremendous revival of an industry
which has been pro ecutesi in a list ess sort
Of way for upwards OF fifty years In this
6rii, is oecasloned by the result of certain
experiments recently complete I on a large
soaie. in the concentration and subSe-
9ntnt reducfi n by ea~losluation, OF
the metallic particles contained in neerly
all of The ores of this camp. These ex-
perIments have demoilstI a e that the old
process s in vogue saved only a small pr
centsge of III actui II value of the ores, and
that ty the in roiuctiun OF methods long
practieed IN the west bat, strangely enough.
never before trie here. many mines before
regarded as OF little value, can bs worked
at enormous profits. The ores are al more
or less suphuretc, and increase in sulphur
as well as goll as depth is attained. Some
of the ricltst ore the writer has ever seen
came from water level and below, but con-
tanned 50 much sulphur that the stamp mill
process alone would not save the goll from
1.-The new prcc sses introduced DO this most
effectively and have the virtues Of being in
expensive and rea lily applicable TO the
mills now in use. At a point about thres
miles from bahlonega, on the Calhoun Belt,
one of tie five great gold-bearing belts OF
LuHI kin County, an old mine has ben re-
opened and some tuarvelously rich deposits
of gold quartz aud gravel we're discovered.
One small spot is reported TO have yieldei
S4000ir three days work of two men, while
the whole pro iuct of the mine. under crude
operations, entirely without machinery, is
estimated at upward OF SIT. 90.
The mine cjvers one whole land lot of 40
acres, and the gold belt, over le0 feet wide,
extends entirely through th, lot. The work
has, so far, mainly been dom on about two
acres, and the rest of the lot has only been
prospected sufficiently to show the gGi
veins continuing all the way across. One
shaft has been sunk about 81 feet on an in
cline in the belt, an the ore taken from it
yielded an average of s. per bushel, or at
the rate OF about $l29 per ton in free gold.
A party OF Atlanta gentlemen have
purchased tbs properly, lot 523-l5th Dis
trict, LIT Section LunpSin County, and
named it the Bertha Z. Mine. A corpora
ton has been organic a to work this mine,
chartered ty tie Slate OF Georgia, as the
Atlanta Gold Mining Company, with a
capital stock OF s10l,00l. divided into shares
Of $40 each, full y paid up and worcestershire.
The company prop rses to put in reduction
works of the most approved machinery
to save the full assay value Of the
ores and to conduct the mine AMI
mill upon strict bu ,iness principles.
$50. 900 OF the capital stock has been placed
in the treasury OF the company Tor the pur-
pose o. carrying out these plans and a por-
ton of the same Is now offered for sale, in
sums to suit purchasers at 50 per INT of its
rar value, or five dollars per share.
The Southern Banking and Trust Com
pany, one OF the strongest financial instltu-
tIcns in the South, is the depository OF tho
company, and issues its stock. All orders
for shares should be ad Iressel to The South
ern Banking and Trust Co.. Atlanta, Ga.