The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-08-03
THE GEORGIA GOLD FIELDS.
Continued Excitement Over New Dis.
coveries. and Transfers OF Property
of Ain Ost Dni Occurrence.

Continued Excitement Over New Dis.
coveries. and Transfers Of Property
of Ain ost Dni Occurrence.
The activity in gold mining in and about
DahIonega, Ga, noted in my last communl-
cation, Still continues. The excitement
seems to be steadily increasing, and new dis-
coveries Of ore, that will pay Handsomely
under the new processes now being lntro-
duced, are Of almost daily occurrence. Sew
eral new mills are already contracted 1or,
some are now in process OF erection, anu
many Of the older ones are either now
being or about to be remodeled.
The old methods Of sluicing everything,
clay-sand, slate and quartz, for treatment In
the mills, without regard to the gold bearing
qualities Of the matter. are buing abandoned,
and the era of intelligent and systematic
mining, having in view the treatment IN tne
mills or only such matter as will pay rlcnly
for handling, is being inaugurated, and the
horizon is bright with the dawn OF perma-
nent days of prosperity in the gold fields OF
Georgia. Underground work is being Vlg-
OrouSly pushed at number OF points on tine
Great Calhoun lead, and miners who have
for years been scratching the surface, ana
satisfied with the meagre returns OF IS to IS
per ton from the mixed mass OF
material they have been accustomed
to handle with water, are surprised
as we'll as delighted to find that the thin and
scattered quartz veins or stringers OF tne
surface. gradually and almost lnVarlaoiy
come together as depth is attained, and form
true reefs of gold bearing quartz from Two
to five feet in width anu carrying IN tne
deeper works the same amount or golo tnaG
at the surface was distributed unequaliy
throughout the whole mass Of matter slfty
or 100 feet in width.
The old Calhoun mine is about to oe
opened and operated upon the modern sys.
tenn. The Murry mill is nearly completed
and will soon be reducing rich ore from tne
lower levels. The Bertha G. mine, three
miles from Dahlonega, on the famous Ca
houn lead, is preparing to begin the erection
of a twenty-ton mill, fully equipped with
every gold saving appliance. and to run up
on the best western plan, provide1 win an
assay office, with an experienced miner ln
charge, who will know every day wnat tne
ore to be treated should produce, ana WIZ
see that the yield from the mill corresponds
with the value of the ole. One of the off1-
GERS OF the Atlanta Gold Mining CO., oPeT-
ating the Bertha Z. mine, estimates the PROD
uct Of the mine as follows:
20 tons per day mined and
milled, 800 days, coo tons s,o nm
5000 tons, ~ per ton free gold s4e'oVo
ooto tOrS ions, n,s sSo per 'on' iena 10000
Total. s16s,OOO
LESS COST:
Mining 5000 tons OF ore, IL mn
per ton. ...............'.....1o .1o,o0o
Milling 5000 tons OF ore, oOc. m,
per ton. ........."......... o,o''
iisas5 tratess ss s per ton. ton. ........ 1900
Ofice exp. nses, repairs to mill oo 90.
and incidental expenses. o,ooo-io'4Mo ~
-0(
Nat ,rof,t vesr,v eoton mill. $l51,600
This would be equal to SIS per snare on
each $40 share of stock, or to the purchaser
of shares at 30 per cent. OF their par Value,
equal to 800 per cent. per annum on Lnelf
investmenl. The same officer OF the com
pany tells me that the company proposes W
use portion Of the profits for the first year
or two in building additional reduction
works, thus increasing the output OF gold
and consequently the dividends TO stocR'
holders, without any extra cost to them.
One-half Of the capital stock Of the company
a5O,O ,OO0 has been placed in the treasury
and a portion of this stock is now being
sold at 81 per cent. of its par value or . pei
share for the purpo So Of CARRYING out TN
plans above set forth. The Southern Bank
ing and Trust Co., OF Atlanta, Ga, are tht
transfer agents of the Atlanta Gold Min
ing Company and issue its stock to all desir.
ing to purchase. Orders should be addressed
to the Southern Banking and Trust Com
pany, Atlanta, Ga,