The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1892-08-31
GEORGIA GOLD FIELDS.
The Property aud Prospects Of the Atlanta
Gold Mining go. Fully Described.

The Property aud Prospects Of the Atlanta
Gold Mining go. Fully Described
1he two articles appearing recently in
your journal have called forth such hood
OF inquiries in relation to the plans pros
pects etc etc OF the Atlanta Gold Mining
Company, that the company has requested
your correspondent to answer through the
medium Of the press the many questions
which otherwise would require score OF
letter writers.
The property upon which the Atlanta Gold
Mining Company proposes to begin opera
tions Is situated about 81 miles east OF
Dahlonoga, Ga. consists OF a forty-acre
tract OF land, which Is crossed III direction
slightly cast OF north by the famotis Cal
hbtn Gold Belt having on this lot width OF
hbbut $50 feet The entite belt Is COM
posed of alternate strata of soft slate and
Quartz, all bearing more or less gold. AT
different times within the past twenty years
inots or less mining has been done upon
this lot, and while the work has mainly been
confined to very small portion OF the veins
and has always been of n cru ie 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 to time, have held
leases upon the lot, in very strong financial
circumstances, The total cost OF all the
work thus far dohe Upon the lot would not
under the direction bt a conipetent mining
exceed $1,000, and the total gold derived
from this work, covering no' over two acres
of tha forty acres; Is corsiy " over S6O,-
900.
The vein or lead is well through;
out the whole length OF the bout one
quarter mile, and has been explored at a
number of places by shafts and tunnels,
proving its continuance in size and richness
from one end of the lot to the other, fact
which is further evidenced by the valuable
and rich mining properties lying Upon the
extension of this lead, both north and s9tth
of the property of the Atlanta Gold
Mining Company. The shafts sunk
upon this lead have gone to a depth OF
about forty feet, and have, without excep'
tion followed down quartz veins which grad
ually increased in szs and richness as depth
was attained. Hitherto the mining has been
conducted principally with water, except
where shafts were stink, and the ore passed
through sluice boxes depending 'lely for
means of separation upon the gravity OF
the gold, and consequently allowing much
Cf the fine gold and all the gold contained in
| the undecomposed suphurets to run to
waste. This loss, resulting from causes noted
| above, has amounted to fully one-halt the
| assay value of the ore, as demonstrated by
| determinations made with great care and
exactness by the company,
The Atlanta Gold Mining Company now
| proposes to put in operation machinery for
| of the ore per ton delivered Mt the mills, aud
appliances that will save at the mill not
alone tn, heavy free gold, but all finer par
ticles, and the gold contained in the sul-
| phurets as well.
The experiments made by the company
have demonstrated that mill with capac-
| ity of twenty tons can be supplied with ore
for many years and will yield an annual
! profit OF $lO0,0O0 or upward. The average
| assay value OF the ore approXimates s25 per
ton, and modern mill properly equipped,
costing Sl2, 600 to $l4,0 o, in the hands OF an
experienced milman, should save at least 81
per cent. Of the full ASSAY value. The
Atlanta Gold Mining Company has been in-
corporated with capital of 100000, in
shares of $40 each, fully paid and non. assess
able and one-haif this capital stock, or
$50, 800, has been placed in the treasury as a
working capital.
A portion OF this treasury stock, sufficient
| to cover the cost of the mill and such other
improvements as the company has in conteui-
platon, is now offered for sale at 80 per cent.
of its par value, or s. per share. The
Southern BanKing and Trust Company OF
| Atlanta, Ga, is the transfer agent of the
company, aud all orders for shares shout
be addressed to them or to the Atlanta Gold
Mining Company, No. North Pryor street.
| Atlanta, Ga.