Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1902-04-12
MINING DEVELOPMENT
IN TONOPAH DISTRICT.
Gold Hill Stock Upon The Market...Tono-
pah Consolidated az. Salt Lake in
Good Ore-Outside Properties.

Good Ore-Outside Properties.
The Ohio-Tonopah Company have
finished their up work in widening
their former shaft to the present
two compartment size and timbering
is now going on. The shaft will be
timbered and Jagged with 2x12|
blanks and fitted for steam hosts
and cages which will run on the pres
ent shaft to depth of 500 feet. The
company will probably start no levels
until the 500 foot point is reached.
Mr.. Sewell Knapp the able man
aver for the company is pushing the
work rapidly, and his faith in the
properties justities the heavy ex-
pense to which the company is going
in preparation for extensive mining.
Salt Lake.
Manager Healy of the Salt Lake
Company gave to BONANZA news
gatherer the modest report that his
men were drifting on good, strong
ledge; that the ore carried satisfac-
tory values, and that some important
data would be Forthcoming from his
properties in due time.
TOnOpah Consolidated.
As reported just before going to
press last week thai the Tonopah
Consolidated Company had encoun-
tered the lode porphyry, and that
the change was the occasion of jubi-
ant feeling upon the part of the
owners and managers. 1t is in order
to state that trip to the company's !
shaft discloses the fact that the Dor
phyry is coming in very much in the
the nature OF an ore shoot, and that
Messrs. Joseph and jackson have
ample occasion for kicking hole in
the air.
MiZpah Extension.
The Mizpah Extension Mining and
Milling Company, an incorporation |
owning group of claims Immediately |
north and east of Oddie mountain, |
and of whom we will speak at length
in an early issue of the BONANZA, are
sinking double compartment shaft
on one of their claims. They have
already reached depth of 10 feet,
aud the work is being pushed as rap
idly as possible. Good results will
surely come from the work being |
done on this especially well plotted
mining ground.
TOnOpah Company.
IN the next issue of the BONANZA
we will give aud extended report of |
the work being done by the Tonopah
Company. 1t will be interesting
reading, for the company has been
employing every hour in developing
their properties.
Gold Hill.
At a recent meeting Of the drec-
tors Of the Gold Hill Mining Company
it was decided to place 80, 900 shares
Of the treasury stock upon the mar
ket at par value-Sl 90 per share
These are the first shares of Gold
Hill stock that have been offered for
sale Extensive development work
is now in progress, and the proceeds
from the sale Of stock will go into
the further development of this splen-
did group of producing mines.
Many of our citizens have been
anxiously awaiting the opportunity
to purchase blocks of this desirable
stock, and now that the chance is
offered they are buying fast and
furious. The Gold Hill is one of the
git-edge propositions of this camp
and will ere long become one of the
principal bullion producers Of Tono-
pah. The owners OF the Gold Hill
group of mines are men of sterling
worth and are prac tical mining men,
1t is to be deplored that such a small
amount of stock is placed upon the
market, as many Philadelphia people
have expressed II desire to become
shareholders in this valuable prop
erty.
Outside Propositions.
There seems to be a disposition to
underrate the possibilities of this
camp, and outside propositions are
the basis for such efforts. Outside
properties are showing no values
is an observation often heard and
knockers use it in backing up their
adverse opinions Of the camp.
Those who are operating such
properties are devoting their money
and energy to shaft work exclusively,
and it would be almost miraculous for
ore exposures to be made in such
openings. They are not following
lodges but are sending down these
openings perpendicularly regardless
of lodges, intending when proper
lantb ie nttnipaI tp nroSS ont for the