Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1892-08-26
GEORGIA GOLD FIELDS.
The Property and Prospects Of the Atlanta
Gold Mining Co. Fully Described.

GOiO COs Fuuy DesCrtDcOs
The two articles appearing recently in
your journal have called forth such food
of inquiries in relation to the plans, pros
poets, ETC., etc, of the 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 writers.
The property upon which the Atlanta Gold
Mining Company proposes to begin opera
tions is situated about 81 miles east of
Dahlonega, Ga., consists of forty-acre
tract of land, which is crossed in a 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 safe and
quartz, all bearing more or less gold. At
different times within the past twenty years
more or less mining has been done upon
this lot, and while the work has mainly been
confined to very small portion OF the vein,
and has always been of a cru ie and desul-
tory character, the 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 all the
work thus far done upon the lot would not
under the direction OF a competent mining
engine er, provided with proper appliances,
exceed $4,000, and the total gold derived
from this work, covering not over two acres
of the forty acres, is considerably over $6O,-
900.
The vein or lead is we'll defined through
out The whole length of the lot, about one
quarter mile, and has been explored at a
number of places by shafts and tunnels,
proving its continuance in size and richness
from one end of the lot tc the other, a 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
ually increased in s'z, 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 sluice boxes depending s,lely for
means of separation upon the gravity OF
the gold, and consequently allowing much
Of the fine gold and all the gold contained in
the undecomposed sulphurets to run to
waste This loss, resulting from causes noted
above, has amounted to fully one-half 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 Mt the mills, and
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 the company
have demonstrated that mill with a capac-
ity of twenty tons can be supplied with ore
for many years and will yield an annual
profit OF 100000 or upward. The average
assay value of the ore approximates S2j per
ton, and a modern mill properly equipped,
costing Sl2 600 to $l4,0j0, in the hands of an
experienced millman, should save at least 81
per cent. of the full ASSAY value. The
Atlanta Gold Mining Company has been in
corporated with capital of 5000 in
shares of SO each, fully paid and non assess
able, and one-half this capital stock, or
$50, 600 has been placed in the treasury as a
working capital.
A portion OF this treasury stock, sufficient
to cover the cost OF the mill and sucn other
improvements as the company has in contem-
plation, is now offered for sale at so per cent
of its par value, or s. per share. The
Southern Banking and Trust Company of
Atlanta, Ga, is the transfer agent OF the
company, and all orders for shares shoul
be addressed to them or to the Atlanta Coll
Mining Company, No. North Pryor street,
Atlanta. Ga