Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1892-09-23
GEORafA COIN FIELDS.
Th Property aud Prospects of tho Atlauts
Gold Mining Go. Fully Described.


Tho two articles appearing recently In
OF inquiries In relation to tho plans pros
pects eto., etc, of tho Atlanta Gold Mining
Company, that tho company has requested
your correspondent to answer through the
medium Of tho prass tho many questions.
which otherwise would require scoro Of
Latter writer's.
The property upon which the Atlanta Gold
mining Company proposes TO begin opera
sions Ia situated about 81 miles east Of
Dab. Ga; s, consists q forty aero
slightly east OF north by tho fansous CAL
houn Gold Belt having on this lot o width OF
about l6O feet. The ontire belt 10 COM
posed OF alternate strnta OF soft slate aud
Different times within tho past twenty years
mors or lees mining has boon dono upon
this lot, and while tho work has mainly been
confined to q very small portion OF tho vctn,
and has always boon OF crudo and desul-
tory character, tho returns In gold have
instances OF sufficient magnitude to put tho
minerS who, from timo to time, have held
leases upon the lot In very strong financial
circumstances. Tho total cost OF oil tho
under tho direction OF a compotont mining
engineer. provided with proper appliances,
exceed 5000, and tho total gold derived
from this work, covering not over two acrea
OF tho forty acres, Is considerably over &C.,
oOO.
Tho voin or lead Ia we'll defined through
out tho whole length OF tho lot about one
quarter mile, and has boon explored at q
number of plaotg by shnfts and tunnolS
proving Its continuance Ia slxe and richness
from one end OF tho lot to the other, fact
which Is further ovldencod by tho valuable
and rich mining properties lying upon tho
extension OF this lead, both north md south
Of tho property Of tho Atlanta Gold
Mining Company. Tho shafts sunk
upon this Iced havo como to a depth of
about forty foot, and have, without oxcep.
tion followed down quartz veins which grad.
uu'iy incrensai In sig. and rlchuoss rs depth
was attained. Hitherto tho mining hns bcon
conducted principally with water, except
where shnfts wero sunk. and tho orc passed
Through sluicO boxes depending solely for a
means OF separation upon tho gravity OF
the gold, and consequently allowing much
OF tho fine gold and oil tho gold contained In
the undecomposod sulphurota to run 20
waste. This loss, resulting from causcs noted
above, has amounted to fully one-halt tho
assay vnlno OF tho orc, ns demonstrated by
determinations mndo with great caro- and
eIaotncss by tho company.
Tho Atlanta Gold Mining Company now
proposes to put In operation machinery for
mining which will greatly chcapon tho coat
OF tho orc pcr ton delivered ut tho mills and
appliances that will snvo ut tho mill moi
nlono tn, heavy FREQ gold, but all flncr par-
ticics, ana tho gold contained In tho sui
phurots as we'll.
Tho experiments mndo by tho company
hnvo demonstrated that mill with capnc
ity OF twenty tons can DO supplied with or,
for many years md will Yield an annua
profit OF $4,000 or upward. Tho average
assay value OF tho orc npproxlmatos e3J pei
ton, and Il modern mill properly equipped
costing sl2 600 to sl4, 0)O. In tho hands OF NJ
experienced millman, should savo Mt least q
per cont. Of tho full assay value. III,
Atlanta Gold Mining Company Inns boon In
corporated with u capital OK 800, 900, II
shares Of go each. fully paid and non. asxoss
able and one-hnlr this capital stock, OF
$50, 700, Inns been placed In tho treasury ns /
working capital.
a portion OF this treasury stock, sufficient
to cover tho cost Of tho mill and such Other
improvements IN tho company has In contain
plation, IL now offered for sao at 90 pcr cent
OF iis pnr value. or 50 por share. Til,
Southern Banking and Trust Company Of
Atlanta, Ga, is tho transfer agent OF tho
company. and all orders for sinros should
DO addressed TO them or TO the Atlanta Gold
Mining Company, No. North Pryor Btreot
Atlanta. Ga.