The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1893-11-30
A 100000 Deal.


cured options on the Monitor and Jim
Crow properties at Ferguson district, on
ninety days time, and the consideration
involved in the transactions is reported
to be S450,000. D. A. Reeves, A. c. |
Ellis and Frank Wilson part with the |
Monitor. Monitor Dump, west half OF the
Cliff, the Princess, seven-eighths Of the
Lucky Bar and three.fourths Of the |
Millionaire claims, on basis Of $780,
600 it is said. This still leaves them the
April Fool and several other claims lying
Immediately north of it, of great value in
themselves. Messrs Nesbitt Bros. and
Mrs. J. McFadden list seven.eighths of
the Jim Grow claim on reported basis
of $3.50. 1000.
These properties are regarded now a.
the cream Of Ferguson district and their
transfer into the hands Of some company
willing to work them will bring Ferguson
out as one of the first gold camps of the
coast.
The Monitor Dump and the Jim Crow
are each working on the same rich ore
body. their workings being but short
distance apart on the surface. The side
line Of the claims is said to pass directly
through the ore deposit. The vein is q
assure in quartsite and porphyry. The
strike 10 about north and south and the
dip is something like one foot in Eve
Heavy groupings, almost reef. appear
above the tunnel, forty feet wide. six o.
seven feet Of these groupings are riol
enough in gold to ship to Salt Lake
while the remainder will average $50
ton. The main working is tunnel, il
now about $50 feet. 1t was commence
to develop claim farther up the hill
At eighty feet 50foot belt of porphyr
was cut through, immediately beyon
which ore was found and with this excel
ton, the whole length of the tunnel
. on the ledge. At about l75 feet in, tt
ledge is prosecuted for nty-eight fe'
all ore, which will average $40 to tn
:, ton. In this is streak Of about six fe
= wide which runs on an average five al
. o half ounces gold to the too. 1t is fro
= this streak principally that the 275 to
shipped to Salt Lake since last Spril
1t has been taken. The excavation serv
as to show up the property all the mol
e. This streak is about IS feet long nd
c. ore has been taken out of it either abe
Or or below the tunnel level. 1t pitct
a. westward into the Jim Crow ground.
Z. The Jim Crow workings, while not
~ extensive a. those Of the Monitor, sh
up nearly As we'll. At the edge OF
. east line o shaft has been sunk lab fe
sr. all in low grade ore. This was the
.os work done. The present working
IN, mel was then commenced some dista
m. down the hill from that of the Mont
ed It is in now 200 with ore, without wa
IN. for the last l60 feet. At 240 feet fl
list the entrance a cross.cut east, OF "
on; is all in ore averaging $l2 to the
en-. another of 20 feet to the west is in
by of about the same grade. At this p
BY also fifty foot wipze was sunk, in
de. ore averaging $40 a ton. In the bot
J to of this wiuze rich streak from W
'm- ASSAYS of Is ounces to the ton in {
tee have been obtained, is being wo
on now From this winze drift Of 30
has been run to the north and car
. OF piles, taken fvr tho last rnree W
ook show it to average nearly $50 to thu
the and steadily improving. At the
sed. dump some 400 tons Of second grad
,eles are out, while at the tunnel, from ~
pies 1000 tons of $40 to $50 ore is stac
cent ready for shipment. Not pour
and this has been stopped, but it the
In. Of ordinary development work.
Los Mr.. Godbe has successfully hal
several heavy properties heretofore.
chances Of success with the pI
options are regarded as very prom
oned There is no doubling their merit.
ss to expects to return here on the same
.rs Of ne.. in .bout a month.