The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1892-03-19

Capt. Reads Report-Work TO be Gem
ttnued In the EberhaFdt Tannel-
The Menit and Gore Mines.

A general meeting of this company,
under the presidency of Mr.. J. r.
Clipperton, was held in London. Feb.
nth. The Chairman said it was 12
months since he had called the share
holders together, and reported the
result of his visit to the mine, and
upon his report they determined to
open up the works at Eberhardt and
to provide funds for the purpose.
They had only paid up six pence per
share, which gave $4,000. This
money the Directors had RENTED to
the mines. 1t was now for the share
holders to decide whether they would
continue operations. After reading
the managers report, the board were
nf the opinion that it would be advis-
able To go on and spend more money.
Capt. Read was present and would be
pleased to answer any question that
the shareholders might desire to put
to him. In conclusion the Chairman
moved, THAT it is advisable. after
having heard the statements from the
Directors and Capt. Read, the Mama
yer, to continue operations at the Eb-
erhardt NINE" The motion was then
carried, and the meeting was closed
with hearty vote of thanks tn Capt.
Read and to the Chairman and the
Directors.
Capt. Read explained the principal
and most promising points of inter-
est in the mines.
OF the Eberhart, he said, TAO feet
of prospect drifts had been driven
during the year by total of II men.
Although no large bodies or deposits
of paying ore had been found, there
had beel deposits of low grade quartz
ore. Based on the favorable charac-
ter of the ground exposed on the
various levels, he could not believe
but that the company must come
upon pay ore.
Altogether he considered the Eber-
hardt property as being valuable and
such as would warrant continued and
persistent work being prosecuted,
considering the enormous outlay the
conn any had been to in driving the
Eberhsrdt aud Aurora tunnel to tap the
mines at that depth.
THE MONITOR AND CORE MINES.
No dead work has been done on this prop.
erty during the past year; all efforts had
been confined to following the small seams OF
ore In their various directions. lie had hoped
to find the much desired body Of ore that
would insure the directors declaring diyid-
end at their meeting. but disap pointment had
followed. and the weekly extractions were
confined to a few tons of low grade ore.
Since the visit of Mr.. clipperton, the Chair
man of the company. to the mines, l .2s6 tons
Of ore, with an average value Of ssS so had
been extracted. The mines ct the time ol
writing looked well and the ore OF the dumps
was estimated at 300 tons, with an average
value of $40 per ton. The assay values oil
be ore extracted tad improved during q
month from $50 TO $40 and ST. per ton One
small seam Of ore an inch thick assayed
$3.50 81. His hopes had been and still are
that the company will yet come upon more
ore than they have ever had. Had he only
available funds for prospecting more vigor-
ously their chances would be greatly adj
vanced for finding of ore, but as the company
know. he was often re minded that there were
no funds available for the Monitor" Cur
rent expenses were confined to amounts re-
ceived from one mill run TO another, but II
the company would give him some additional
financial assistance. he thought 1t would be
for their best interests. The prospects in
the Monitor were good and should be tested
before abandoning work altogether. lie II
unable 10 do any dead work at all with the
limited funds at his command. There are
many places where men could be employed
TO advantage upon stringers Of rich ore OF
low grade ore. The company had purchased
this property at quite round sum, but little
money had been expended upon II. 1t ID
true that the ore found has been only surface
deposits, but considerable quantities had
been found on the quartzite dyke or footwall.
| The within shaft should be sunk at least lOO
| feet deeper and levels run out to determine
! whether the ore came up on the quartzite
footwall or whether IL came from assure
higher up the maintain. On this question
Mr.. Read expressed such clear and sound
views as could be expressed by no one but
judicious miner of years Of valuable expert
ence In the peculiar formations In the local
ity of the Monitor mine The output OF the
Monitor is quoted as follows: Total weight
of ore extracted during the year, 1895 tons.
Total weight of dry ore worked, 1,g77 tons.
Assay value Of same Si9,i67 A, or $SS 80 per
ton. Bullion produced of same, STANDARD