Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1892-08-12
GEORGIA GOLD FIELDS.
The Property aud Prospects Of the Atlanta
Geld Mining Co. FHlly Described.

The two articles appearing recently IN
YOUR Journal have called forth such hooi
OF inquiries in relation % the plans, pros
nartz etc etc OF the Atlanta Gold Mining
COMPANY, that the company has requesle1
your correspondent 20 answer through tue
medium OF the press the many questions
which otherwise would require score OF
letter writers.
The property upon which the Atlanta Gold
Mining Compiny proposes 10 begin opera,
tons Is situated about 81 miles east OF
Dahlonaga. Ga, consists Of a forty-acre
tract OF land, which is crossed IN direction
slightly east Of north by tho famous Gal.
houn Gold Belt, having on this lot a width OF
about $50 feet. The entire belt Is COM
posed OF alternate strata OF SOFT STATE aud
Quartz all bearing more or less gold. AT
different times " ithin the past twenty years
more or less mining has bean done upon
this lot and while the work has mainly been
confined 10 a very small portion OF the VeIn'
and has always been OF a cru 10 and desuI-
tory character the returns IN gold havo
been extremely gratifying, ana IN seVeTa'
instances OF sufficient magnitude 10 put tne
miners, who, from time to time have heii
leases upon the lot in very strong hnshciaI
circumstances The total cost OF Oil inc
work thus far done upon the lot wouli not
under the direction OF competent mining
engineer provided with proper appliances,
exceed 5000. and the total gold derived
from this work, covering not over two acres
OF the forty acres is nsiteraOly over $oO, e
0OO
The vein or lead is we'll defined through
out the whole length OF tho lot, about one
| quarter mile AMI has been explore at
number OF places by shafts and tunnels,
proying It's continuance in siZs and richness
| from one eud OF the lot to the other fact
which is further evidenced by the valuable
and rich mining pre- pertieS lying upon tho
extension Of this lead, both north and south
OF the property Of the Atlanta Gold
Mining Company. The shafts sunk
upon this lead have gone to depth OF
about forty feet, and have, without ercep'
| ton, followed down quartz veins which grad
| unlly increased In sZs and richness as depth
was attained, Hitherto the mining has been
conducted principally with water. except
| where shafts were sunk, and the ore passed
| through luce boxes depending solely for
means Of separation upon the gravity OF
the gold, and consequ ,ntly allowing much
| Of the fine gold and all the gold contained in
the undecompoSed sulphurets 70 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
mining which will greatly cheaper the cost
Of the ore per ton delivered at the mills, aud
Appliances that will save at tho mill not
alone tn heavy FREQ gold, but all finer par
ticles, and the gold contanh In tho sui
| pburets as we'll
| The experiments made by tho company
have demonstrated that a mill with capGc.
| ity OF twenty tons can he supplied with ore
| for many years and will yield an annual
! profit OF 100000 or upward. The average
assay value OF the orc apprOIlmatei 81 per
ton, and a molern mill properly equipped
costing tl2, 600 10 $40 III the hands OF an
experienced mimhn, should save at least 81
per cent. Of the full assay value. The
Atlanta Gold Mining Company has been in
corporated with capital OF 500, OoO In
shares Of 80 each, fully paid AMI non assess
able, and one-halt this capital stock or
$50 900, has been placed in the treasury as q
working capital.
| portion OF this treasury stock, sufficient
| TO cover the cost of the mill and such other
improvements as the company has in contsm-
plation, is now offered for sale at 50 per cent.
Of its par value, or s. por share. The
Southern Banking and Trust Company OF
Atlanta, Ca, is the transfer agent OF the
company, and all orders for shares shout /
be addressed to them or 10 the Atlanta Gold
Mining Company, No. North Pryor street.
Atlanta, Ga.
| Eraprr viii sppuI more than ono hun rcd