Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1892-07-22
GOLD IN GEORGIA..
Where II is 10 be Fonnd In Paying Guam
titles.

a RICH DEPOSIT DISCOVERED NEAR DAHLo-
MEGA. uA.-now THE GOLD Is SECURED. :.
Great excitement prevails in tho gold bolt
of North Georaia, antlmneinl property Is
rapidly heng "eobbledn IN Ivy capitalists
and mining men from the North and West.
The whole gold belt, md particularly TINT
Immediately about Dahlonega promises this
year TO he the scene Of gigantic energy in
mining operations. the like of which has not
been Witnessed s.nce the early days in Cali
fornia.
This tremendous revival OF IN industry
which hus been prosecuted In liStless sort
of way for upwards of fifty years in this
field, is occasloned by the result of certain
experiments recently completed on large
scale, in the concentration and subse-
quent reduction by chlorination, of
the metallic particles contained in neg rly
all of the ores of this camp. These ex-
periments have demonstrated that the old
processes III vogue saved only "a small par
centage OF the actual value OF the Ores und
that 10y the introduction OF methods long
practiced in the west. but, strangely enough,
never before tried here. many mines before
regarded us OF little value, can be worked
at enormous profits. The ores are all moro
or less suphuretic, and increase in sulphur
as well as gold as depth is attained. Some
of the richest ore the writer has ever seen
caino from water level and below but con-
tanned so much sulphur that the stamp mill
process alone would not save the COLL from
1.-The new processes introduced do this most
effectively and have the virtues OF being in
expensive and readily applicable TO tho
mills now in use. AT point about three
miles from Dahlonega, on the Calhoun Belt,
one of the five great gold Bearing belts OF
LumrkiD County, an old mine has be.n re-
opened and some marvelousy rich deposits
OF gold quartz and gravel were discovered.
One small spot is reported TO have yieldal
$1,000 in three days work OF two men, while
the whole product of the mine, under crude
operations, entirely without machinery, is
estimated at upward OF $50, 0J0.
The mine covers one whole land lot of 40
acres, and the gold belt, over 100 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 across. Ono
shaft has been sunk about 6O feet on an in
cline in the belt, and the ore taken from 1t
yielded an average of 81 per bushel, or at
the rate OF about $40 per ton in free gold.
a party. OF Atlanta gentlemen have
purchased THIS property, lot 593-l5th Dis
trict lat Section Lulnpkin County, and
named it the Bertha c. Mine. A corpora
ton has been organized 70 work this mine,
chartered .,r o ~ the ., State OF Georgia as the
capital stock Of 800, 900. divided into shares
of $40 each, fully paid up and non assessable
The company proposes to put in reduction
works of the most approved machinery
10 SaVe the lul assay Vaiue Oh the
ores and to conduct the mne md
mill upon strict business principles.
$50, 900 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.
IL he Southern Banking and Trust Com
pany, one of the strongest financial institu-
items in the South, is the depository OF the
company, ahd issues its stock. All orders
for shares should be addressed to The South
ern Banking and Trust Co.. Atlanta, Ga
A Lebanon county pa farmer has n calf