Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1892-03-12
NEW EBERHARDT COMPANY,
uLlMirED.1


uonai Hope for tho kevfvtng
Mining Interests .of swhite Pine
County.
A general meeting Of this company un-
der the presidency Of Mr.. J. II. Clipper
tos, WAS held 10 London, England, Feb.
18th. The Chairman said IL was twelve
months since be had called the share
holders together, and reported sheresult Of
his visit 10 the mine. and upon bis report
they determined to open mp the works at
E~berhsrdt and 10 provide funds for the
purpose. They had only paid up six
pence per share, which gave &c, 200. This
money the Directors bad RENTED to the
mines. II was now for the shareholders
TO decide whether they would continue
operations. After reading the managers
report, the board were Of opinion that it
would be advisable TO go on and spend more
money. Capt. Read was present and
would be pleased to answer any questions
that the Shareholders might desire to put
to him. In conclusion the Chairman
moved: THAT IL is az advisable. after hAv-
ing heard the statements from the Direc-
tsrs aud Captain Read, the Manager, to
continue operations at the Eberhardt
mine" The motion was carried, and the
meeting was closed with a hearty vste Of
thanks 10 Captain Read and to the Chair
man and Directors.
Captain Read explained the principal
and most promising points OF interest in
the mines. After the reading Of his report,
q we'll written document, furnishing full
details TO the shareholders, OF which the
following is q synopsis:
CAPT. READS REPORT.
Since having received orders from the
company in February, 1891, Mr.. Read had
proceeded to Eberhardt 10 reopen the
mine BY replacing nearly all the old tim
bers with new ones. and all the old build
ings had been repaired before occupancy
by the miners and their families.
Although 10 large bodies or deposits OF
paying ore had been found, there had
been deposits OF low grade quartz ore.
Based on ihe favorable character OF the
ground exposed on the various levels, he
could not believe but that the company
must come upon ore OF a better quality.
The work al Treasure Hill had been
confined to the 2s7 Zoo. level, but the
prospects being unfavorable, work was
suspended there and the men were put 70
work In the big chamber running westerly
in hopes OF finding the continuation OF the
ore body which was discovered there In
1874.
At Eberhsrdt and Treasure Hill 749 feet
Of prospect drifts bad been driven during
the year by q total force OF IL men.
Altogether he considered the Eberhardt
80 =. ~
would warrant continued and persistent
work being prosecuted. considering the
enormous outlay the company had
been TO In driving the Eberhardt and
Aurora tunnel TO tap the mines at that
depth. The great assure or footwsll upon
which large bodice Of ore had been dis
covered above. having been tapped on the
tunnel level with only a little low grade
ore upon ID, the vein had been followed
for 6i0 feet. and there about GO tons OF ore
had been extracted. At this point stten-
ton Is now being directed, and the pros
pect being good, he recommended that
work should be continued vigorously.
Two vines had been commenced for that
purpose which he advised should be con-
tinued TO q depth OF 200 or 800 feet below
the tunnel level, and a. many million dol
lars had been taken from the ore that was
extracted from the upper levels, work
should be prosecuted above and below the
tunnel level in this section Of ground,
with the view Of yet finding the continue.
ton OF the extensive ore bodies that had
formerly proved 30 enormously rich.
THEsNosIroR AND COR MIsEs
No dead work had been done in this
property during the past year; all efforts
had been confined to following the small
seams OF ore 10 their various directions.
He had hoped 10 fad the much desired
body OF ore that would ensure the direo-
tors declaring Q u dividend at their meeting,
but disappointment had followed, and the
weekly extractions were confined TO Q few
tons Of low grade ore. Since the Walt OF
Mr.. Clipperton, the Chairman Of the com
pany, to the mines. 1 .296 tons OF ore, with
an average value Of SIS 80 had been ex.
trscted. The mines ct the lime OF writing
looked well, and the ore on the dumps
was estimated ct 400 tons. with an aver.
age value OF $40 per ton. The assayed
values OF the ore extracted had improved
during q month from $50 10 $40 and SAT
per ton. One small seam OF ore an inch
thick assayed IS. S86 81. His hopes had
been and still are that the company will
yet come upon more ore than they have
ever had. Had he only the available funds
Tor prospecting more vigorously their
chances would be greatly advanced for
hnding OF ore. but as the company know,
he was often reminded that there were no
funds available for the Monitor" Cur
rent expenses were confined TO amounts re-
ceiyed from one mill run TO another. but
II the company would give him some
additional financial assistance, he
thought ID would be for their best Inter
ssts. The prospects In the Monitor were
good and should be tested before
abandoning work altogether. He 10
unable to do any dead work at ell with
the limited funds AZ bis command. There
are many places where men could be M
ployed TO advantage npon stringers Of rich
ore or upon low grade ore. The company
had purchased this property at quite a
round sum-, but little money had been ex.
pended upon IL. II is true that the ore
found had been only surface deposits, but
considerable quantities had been found on
the quartzite dyke or footwsll. The wbim
shaft should be sunk ct least 100 feet
deeper and levels run out to determine
whether the ore came up on the quartzite
footwall OF whether 10 came from q fissure
further up the mountain. On this ques-
tion Mr.. Read expressed such clear and
sound views as could be expressed by no
one but judicious miner of years OF
valuable experience In the peculiar forma-
tions In the locality OF the Monitor mine.
The output OF the Monitor Is quoted as
follows: Total weight Of ore extracted
during the year, 1896 tons. Total weight
Of dry ore worked i.277 tons. Assay
value Of same $49,i67 "A. or Sss so per
ton. Bullion produced ofsame. standard
value, $40. 42s 81, or per ton SS1 65.
Captain Read stated personally at the
meeting that the Mocitor mine had been
self supporting for the last three years.
Upon his leaving he had examined and
found ID looking better than be bad stated
IN bis report and would continue work a.