Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1892-06-17
GOLD IN GEORGIA.
Where IL Is to be Found In Paying Qunn-
titles.
A RICH DEPOSIT DISCOVERED NEAR DAHLo-
MEGA, GA.-HoY- THE GOLD is SECURED.

ARIcH pErosIr DISCOVERED NEAR DAHLo-
MEGA, GA.-HoN THE GOLD is SECURED.
Great excitement prevails in the gold belt
Of North Georgia. and mineral property IS
rapidly being ''eobbled" up by capitalists
and mining men from the North AMI Vest.
The whole god belt, and particularly tnat
Immediately about Dahlonega, promises TINS
year to be the scene of gigantic emery IN
MINING operations. the like of which has not
been witnessed since the early days In GALL
fornia.
This tremendous revival Of an Industry
which has been prosecuted in a listess sort
OF way for upwards Of fifty years In TINS
field. Is occasiGned by the result Of certain
experiments recently completed on large
scale. in the concentration and suose-
quent reduction by colonization, OF
the metallic particles contained IN nearly
nil of the ores OF this camp. These ex-
periments have demonstI ate1 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 triei here. many mines before
regarded as of little value, can be worked
at enormous profits. The ores ore all moro
or less suphuretc. and increas5 IN sulphur
as well 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 50 much sulphur that the stamp mill
process alone would not save the gol1 from
it. The new processes introduced do this most
effectively and have the virtues OF being In.
expensive and really 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-
oDened and some marvelously rich deposits
OF gold quartz and gravel we're discovered.
One small spot is reported TO have yleldei
$4,000 in three days work OF two men, while
the whole pro uct of the mine, under crude
ooerations, entirely without machinery, Is
estimated at upward Of 5000
The mine covers one whole land lot OF 40
acres. and the gold belt, over lCO 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 10 show the gold
veins continuing all the way across. One
shaft has been sunk about 90 feet on an In
cline in the belt, AMI the ore taken from 1t
Welded an average of s. per bushel, or at
The rate Of about 1920 per ton in free gold.
A party OF Atlanta gentlemen have
purchased this properly, lot 533-l5th Dis
trict. 1t Section LumpHin County and
nhIntu IL lut Osl bbh ~ AAihNF - 80 f~'~
tion has been organized to work this mine,
chartered by tue State Of Georgia, as the
Atlanta Gold Mining Company, with
capital stock Of 100000 divided into shares
of $40 each fully paid up and worcestershire.
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 place |
in the treasury Of the company for the pur-
pose o; carrying out these plans and por-
ton of the same is now offered for sale IN
sums to suit purchasers at 80 yer cent. OF It's
par value, or five dollars per share.
The Southern Banking AMI Trust Com
papy. one Of the strongest financial instltu-
items in the South, is the depository Of the
company, aud issues its stock. All orders
for shares should be addressed to The South
ern Banking and Trust Co., Atlanta, Ga.