Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1892-07-29
GOLD IN GEORGIA.
Where It in to be Found in Paying Oman
titles.
RICH DEPOSIT DISCOVERED NEAR DAHLo-

RICH DEPOSIT DISCOVERED NEAR DAHLo-
MEGA, GA.-HOw THE GOLD Is SECURED.
Great excitement prevails in the gold belt
OF North Georgia, and mineral property is
rapidly being "gobbled" up hy capitalists
and mining men from the North and West.
The whole gold belt and particularly that
Immediately about Dahlonega, promises this
year TO be the scene of gigantic energy in
mining operations the like of which has not
been witnessed since the early days in Cali
fornia.
This tremendous revival of an industry
which has been prosecuted in list,ess sort
of way for upwards of fifty years In this
field, is occasoned by the result of certain
scale, in the concentration and subse-
quent reduction by chlorination, OF
the metallic particles contained in nearly
all Of the ores of this camp. These ex-
periments have demonstrated that the old
processes in vogue saved only a small per-
centage of the actual value of the ores, and
that by the introduction OF methods long
practiced in the west, but, strangely enough,
never before triet here. many mines before
regarded as of little value, can be worked
q enormous profits. The ores are all more
or less suphuretlc, and lncreasa IN sulphur
as we'll as gold as depth is attained. Some
of the richest ore the writer has ever seen
came from water level and below, but con-
tanned SO much sulphur that the stamp mill
process alone would not save the gold from
II. uo ut" processes ucSu co tQIS IDOSU
effectively and have the virtues of Icing in
expensive and rea lily applicable to the
mills now IN use. AT point about three
miles from Dahlonega, on the Calhoun Belt
one of the five great gold-bearing belts of
Lumpkin County, an old mine has been re-
opened and some marveously rich deposits
of gold quartz and gravel were discovered.
One small spot is reported to have yielded
S4QO0in three days work OF two men, while
the whole product of the mine. under crude
operations, entirel Y without machinery, is
estimated at upward Of 500, OUO.
The mine covers one whole land lot of 40
acres, and the gold belt, over 1CO feet wide,
EXTENDS entirely through the lot. The work
has, SO far, mainly been done on about two
acres, and the rest of the lot has only been
prospected sufficiently to show the gold
veins continuing all the way cross. One
shaft bias been sunk al out 60 feet on an in
cline in the belt, and the ore taken from it
yielded an average Of Sc per bushel, or at
the rate of about Sl20 per ton in free gold.
A party Of Atlanta gentlemen have
purchased this property, lot 523-15th Dis
trict, LIST Section Lumpkin County, and
named it the Bertha c.. Mine. A corpora
ton has been organized to work this mine,
chartered by the State of Georgia. as the
Atlanta Gold Mining Company, with a
capital stock of 800, coo, divided into shares
of $40 each, fully paid up and non assessa ble
The company proposes to put in reduction
works of the most approved machinery
to save the full assay value of the
ores and to conduct the mine and
mill upon strict business principles
$50, 600 of the capital stock has been placed
in the treasury of the company for the pur-
pose OF carrying out these plans and por-
ton of the same is now offered for sale, in
sums to suit purchasers at so per cent. Of its
par value, or five dollars per share.
] he Southern Banking and Trust Com
pany, one of the strongest financial institu-
items in the South, is the depository of the
company, and issues its stock. All orders
for shares should be addressed to The South
ern Banking and Trust Co.. Atlanta, Ga