Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1892-08-26
TIE GEORGIA GOLD FIELDS.
eon,inued Exoitsmeus ovor Now Dis.
e'esIes' aud TrRnsfors OF Property
81 Aiu,ost Daily Occurrence.

Non.,nued Exoits@eus ovor Now Dis.
eereries' aud TrRnsfors of Property
81 Almost Daily Occurrences,
n Inc activity 10 gold mining In and about
cat;n., VA noted in my last commune
ssa, sun continues. The excitement
conas s 20 90 steadily increasing, aud now dis
voxeries OF ore that will pay handsomely
under the new processes now being intro
uuSou, arc OF almost daily occurrence. Sow
erai new milla are already contracted Tor.
MANY MANI az. ., now th In process OF erection. and
being or about to DO remodeled.
inc OLD methods OF sluicing eyerythtnv
thy ssnmnu' STATE and quartz, for treatment In
ou,i ,s without regard to the gold bearing
l uSi t, OF the matter, arc boing abandoned,
anu .ne era OF intelligent and systematic
mining, having In Wow the treatment i'm the
mn sii.s OF only such matter rs will pay richly
tor nandiing Is being inausuratcd, and tho
m ,,,,. is bright with the dawn OF perma-
Ieorc;ay s 9I prosperity In tho gold fields OF
S%rousiy pushed at n number OF points on the
treat S calhoun lead, and miners who havo
a 40, years been scratching the surface, and
s ''a, with the mcagre returns of - to IS
m ma on IRON from tho mixed mass Of
20 handle with water, arc surprised
as wen as delighted to find that tho thin and
svastereu quartz veins or striugers of tho
come tScS Gradually and almost invariably
true reefs of gold bearing quartz from two
20 I'VE ieet In width anu carrying In the
useper works tho same amount OF gold that
a. .no surface was distributed unequally
or 100 feet in width.
The old Calhoun mine IA about to bo
,a psneu , anu operated upon tho modern sys.
sen' Inc Murry mill is nearly completed
anu VIII soon be reducing rich ore from tho
m,,s. , ievo's; Tho Bertha G. mine, threo
noun lead, is preparing to begin the erection
y. d twenty-ton mill. fully equipped with
every gold saving appliance. aud TO run up
o oasa eno o1se western plan, provided with an
" "sy oinee. with an experienced miner in
charge, who will know every day what tho
ore 10 oe treated should produce, and will
SIC ,hat the yiold from the mill corresponds
Win tue value of the ore. Ono OF tho OIL
GERS OF tho Atlanta Gold Mining Co., oper-
ntihg sho Bertha &. mine estimates the prod
uet OF tho mine as follows:
~ tons per day mined and
milied, 800 dnYs % % tons
U00O tons 50 per ton FREQ cold $4,000
oVoo IONS, FLO per ton, refrao-
tory O.................... 1000
TotNl................,... slvS. 900
LESS COST:
Mining 0O00 tons Of ore, ST
per ton. ....................s6 10000
Milling 0OOO tons OF ore, 0Jc.
nv.
treating 900 tons concern
os s,rates, q por ton. ......... 1900
ohlco expenses, repairs to mill
anu incidental expenses. e. 5000 -1o.40o
Net profit yearly, 90 ton MILL. sI,l.UoO
This would bo equal to Sl5 nor share on
each SlO share OF stock or to tho purchaser
Oh shares at 80 per cent. of their pnr value,
equhi TO SOO per cent. per annum on thor
ihvestmon, Tho ramo officer OF tho com.
pnny tells MO that the company pro to
use portion of tho profits for the first year
or two In building additional reduction
works, thus increasing tho output OF gold
anu consequently the dividends to stock
holders, without any extra cost to thom.
One-hnlf OF the capital stock OF tho company
Ho9, O0V has been placed In tho trcnsury
AMI portion OF this stock Ia now being
sold at oO per cent. OF its pnr value or SIS per
share for the purpo SO o; carrying out the
plans above set forth. The Southern Bank.
ing and Trust Co.. OF Atlanta, Ca, arc the
transfer agents OF the Atlanta Gold Min.
ing Company nnd issue It's stock to all desir-
ing to Purchase. Orders should DO addressed
to the Southern Banking und Trust Com.
pnny. Atlanta. Ga.
There nro 100000 blind people in Europe.