Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1902-05-24
BRIGHT OUTLOOK FOR
The Mines OF RAY.
These Properties will Be Extensively
Deyeloped...WiI Make a Great
Record as Ore Producers.

week to send competent miner to
Ray, with instructions to inspect
closely the mineral formation, lodges,
contacts, shafts and their workings,
and the following is a conservative
report of what is to be found there:
The formation is pCrphyry, lime
and quartz. The latter is found
slightly porphyritlc upon the north
west ledge groupings, while APP
preaching the southeast lime forms
with the quartz. The veins have a
northwest and southeast trend, aud
pitch slightly to the north. About
midway on the Horn Silver claim the
ledge begins to show on the su: face,
and following the line to the south
east it grows stronger and more
prominent, and for four thousand feet
in an uubroken line this ledge has
been exposed. The remarkable fea-
ture of this mineral body is the rich
spots of ore that are constantly be-
ing found along the entire surface
exposure. This proves an old axiom
in mining, that where rich ore
exists on the surface, still richer ore
is to be found deeper on the ledge. y
The erosion and oxidizatio have
made the line of contact with the
lime appear like an iron deposit, but
development will probably prove the
highly mineralized strata to be por-
phyry or serpentine, and in either
! e,,ph Fnupan tiI,. chntl1
the matrix of permanent ore body,
where the assure would be extensive
if not nearly inexhaustible The lime
mountain and east of the Ray mines
will not prove a Gaping under which
the veins pass, but will unquestion-
ably be the barrier against which
the ore has been deposited, and deep
permanent mining will follow the
development work now going on.
The company's deepest shaft is
now down 23O feet, and from this
level drift has been started in a
southeasterly direction toward the
mountain. and such developments
should follow the opening of the ledge
as will set at rest any doubt about
the future of the mines. The con-
pany has also in mind the sinking of
a double compartment shaft on one
of the claims adjoining the Christmas
Gift on the north, and the point
selected is where the contact of lime
and porphyry belt is strongly
marked.
The officers and directors of the
company are all men of sterling
worth, who have been identified with
the development of Tonopah. They
are, j. L. Butler, president; F. j.
Siebert, vice-president; j. r. Duff
field, secretary; r. B. Davis, treas
urer; l.. o. Ray, general manager;
J. l.. Butler, f. J. Siebert, ]. r. Duff
field, p f. O'Brien, r. B. Davis,
L. O. Ray and W. J. Sinclair, direc-
tors.
A limited amount of the stock has
been placed upon the market and is
being rapidly sold, as everybody in
this vicinity considers it good in
vestment.
That Ray did not prove leasing
proposition is not to be wondered at.
Leasers on the Mizpah, Burro and
other lodges in Tonopah made re-
cords that will probably never be
equalled in mining history, Capital
lists would be willing to invest mil
lion dollars in any enterprise that
would bring them 800, 900 return in
six months, yet that sum was made
by a score of leasers in Tonopah
during the last six months of 1901,
and the lucky men had little invested
beyond brains and energy, The Ray
mines could not offer similar oppor-
tunity for money making. The ore
is not so rich or in such large bodies,
hence the failure of the leasers.
But because men without capital
failed to develop another Mizpah
mine at Ray, it does not follow that
there is not mine there. The for
nation, contacts, the trend of the
lodges, together with the richness OF
the ore prove conclusively that in,
telligent mining will develop paying
mine of great magnitude
When mines can produce from the
surface forty and fifty dollar sore in
sufficient quantity to keep forty
stamp mill going, as is the case in
the mines of Ray, there should be nc
ADVERSE report of the property.
We again state with authority
that the mines of Ray will make
their record as ore producers, and
the future will prove the record tc
be great one. Mining properties
like these require time and money tc
develop, and both of these influences
are being employed at the present
time in opening the Ray mines.
New Livery Firm.
n Ea,l Y, ~ Ln