Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1902-07-12
MINING OPERATIONS
IN RAY DISTRICT
Two New Companies Incorporated for
the Purpose of Developing Prop
erty in that District.

The Ray & O'Brien management is
pushing work rapidly on two shafts.
one on the Horn Silver and the other
on the Christmas Gift. The main
working shaft is on the latter and
is down go feet, with 100 feet of
drift on the ledge The shaft on the
Horn Silver is down eighty feet, and
the work of sinking is being carried
on by two shifts Of miners. At the
line of drift on the lower level of the
shaft in the Christmas Gift connec-
tions will be made with the Horn
Silver shaft, thus insuring good air
for future development work. The
ore bodies are still improving in the
Christmas Gift, Thirty feet of a
drift has been run from the 100 foot
level, and the ore vein is both in
creasing in value and size; the same
general improvement is showing in
the lower drift When one remem-
bers the statement made in "a former
write-up of Ray we mentioned the
fact that the drift on the 230- foot
level of the Christmas Gift was gain
ing foot in depth with each foot of
drift run, the mprovement in the ore
showing is but natural. The com
pany has a substantial capital in its
treasury with which to carry on
extensive development work, and
the machinery for such work will be
install led nj an anrlV date
Ray Extension Company.
The Ray Extension Company has
been Incorporated under the laws of
Arizona, capital stock 800, 900 shares
of a par value of S100; 225, 600
shares treasury stock, This com
pany owns four claims, the Lone
Jack, Spion Kopie, hex and War
path These claims are extensions
of the original Ray and Clark loca-
tons, and have such splendid show
ing that future developments may
prove the group to be equally as
valuable as the original loca tons
In the Lone Jack mine there is a
showing OF feet of solid ore at the
depth of 30 feet, with ore values av-
eraging Sl8 in gold and l40 ounces
silver.
This vein proves the tissure theory
in Ray camp more fully than any
other exposed ore vein in the camp.
The footwall is porphyry with a
lime hanging.
The other claims have as flattering
a showing as the Lone Jack, but not
so well developed Active work is
now going on aud the company have
a good developing fund already sub
scribed. The officers of the Ray Elk
tension Mining Company are: Clay
Peters, president; A. KNIT, vice
president; Geo Bartlett, secretary;
W. j. Harris treasurer; Thos Kane,
manager; Jake Falstein, Jack Pow
ers, directors.
Coronation Company,
Incorporated under the laws of Della
ware; capital stock 300, 900 shares at
Sl.0O.
This is an altogether close corpora
ton, the officers and directors sub
scribing for the entire stock. Ample
money for extensive work is at the
command Of the general manager,
The directors of the Coronation
are; 4, L. Oddie, Uri b. Curtis,
Harry Ramsey, Kenneth NJ. Jack
son, l.. O. Ray This company owns
the Nancy Hanks, Maggie, Rex and
the Laura B. The Maggie is an ex-
tension of the Horn Silver, and the
other claims parallel the rich Ray
and OBrien group,
With three strong companies prose
cutting development work in Ray, not
only one but dozen paying mines
are sure to be opened,