The star. (Reynoldsville, Pa.) 1892-1946, 1892-08-10
GEORGIA GOLD FIELDS.
The Property and Prospects Of the Atlantis
Gold Mining Co. ruiiy Described.


The two articles appearing recently in
Of inquiries In relation TO the plans pros
poets, etc. etc, OF tho Atlanta Gold Mining
Company, that the company has requested
your correspondent to answer through the
medium Of the press the many questions
which otherwise would require score OF
letter writer's.
The property upon which tho Atlanta Gold
Mining Company proposes TO begin opera
tions Is situated about az miles cast OF
Dahlonega, Ca. consists OF forty acre
tract of land, which Is crossed In direction
slightly east Of north by the famous Cal
houn Gold Belt, having on this lot width OF
about $50 feet. The entire belt Is COM
posed OF alternate strata OF soft slate aud
quartz, all bearing more or less gold. AT
different times within the past twenty years
more or less mining has boon done upon
this lot, and while the work has mainly been
confined TO n very small portion OF tho veiu,
and has always been OF a crude and desul-
tory character, tho returns In gold have
been extremely gratifying, and IN several
instances OF sufficient magnitude TO put the
miners who, from time TO time, have held
leases upon the lot, in very strong financial
circumstances. The total cost OF oil the
work thus far done upon the lot would not
under the direction OF n competent mining
engineer, provided with proper appliances,
exceed $4,000, and the total gold derived
from this work, covering not over two acres
OF the forty ceres, is considerably over $780,
600.
Tho vein or lead Is we'll defined through
out the whole length of the lot, about one.
quarter mile, and has been explored at o
number of places by shafts and tunnels,
proving its continuance In size and richness
from one end of the lot to the other, fact
which is further evidenced by the valuable
and rich mining properties lying upon the
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 excep.
ton. followed down quartz veins which grad.
ualy increased In szs and richness as depth
was attained. Hitherto the mining has been
conducted principally with water, except
where SHAFTS were sunk and tho ore passed
through slucs boxes depending solely for n
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 TO run 10
waste. This loss, resulting from causes notod
above. has amounted 20 fully one-hnlf the
as>ay value Of the ore, ns demonstrated by
determinations made with great care and
exsctness by the company.
The Atlanta Gold Mining Company now
proposes to put in operation machinery for
INNING winch Will greatly cneapen tnc cost
Of the ore per ton delivered at the mills, aud
appliances that will save at the mill not
alone tn heavy free gold but all finer par
ticles, and the gold contained in the sui
phurets as well.
The experiments made by tho company
have demonstrated that mill with a capac.
ity of twenty tons can be supplied with orc
for many years and will yield an annual
profit OF slOO,0J0 or upward. The average
assay value OF the ore approximates S2j per
ton. and modern mill properly equipped,
costing sl2 900 10 SlI, 900, in the hands OF an
experienced millman. should save ut least 81
per cent. Of the iull assay volue. The
Atlanta Gold Mining Company has been in-
corporated with capital OF sl00, 900, in
shares of $40 escn, fully paid and non. assess.
able, and one-half this capital stock, or
$50 900, has been placed In the treasury as a
WORKING capital.
portion OF this treasury stock. sufficient
to cover the cost OF the mill and such other
improvements as the company has in contem-
pation, is now offered for sale Mt 80 per cent.
of its par value, or IS per share The
Southern Bansing and Trust Company of
Atlanta, Ca, is the transfer agent of the
company, aud all orders for shares should
he addressed to them or 10 the Atlanta Gold
Mining Company, No. North Pryor street,
Atlanta. Ga.