The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1903-05-21
new YORK 4 NEVADA
COPPER COMPANY.
FIVE MILLION TONS OF COPPER
ORE BLOCKED OUTIN THEIR
COPPER FLAT MINES.
VIII Average 4 Per Cent Copper
and SI.5O Per Ton in Gold.

Aha PAsoO On ooho'
We received this week very unique
prospectus OF the New York & Nevada
Copper Co., recently gotten up, and
which is replete with Photographic views
OF the company's holdings in this dis
trict, embracing the mines, hoisting
works and buildings at Copper Flat,
the Keystone smelter and concentra-
tor, the Company's IS saw mill, the George
town smelter site, scenes In Robinson
canyon and different views OF Murray
creek, for which the company recently
paid $50, 600. The reading matter en-
bodied the pamphlet, cosisting OF tabu-
lated assays by three. different mining
engineers, estimates of the cost OF pro-
duction, concentration and smelling OF
tho ore, are based upon actual expert
ments and are very conservative.
The company, which was incorpor-
ated in New Jersey some years, has
a capital stock of s5, 900, divided
into 500, 900 shares of the par value Of
$40, with Treasury Reserve of 81
900. 900. During the past three years
this company has expended over $780,
900 in this camp in developing the al
most inestimable body of copper ore
covered by their thirty-four locations,
for which they also paid good many
thousands. This development. work
consists OF 400 foot shaft on the Star
OF the West claim, the center OF the
group, and thousands OF feet of drift
ings on the different levels, which. by
the way are all In ore, also 200 foot
shaft on the Eure ka, and so or SO 9TH
er shafts and cuts, varying in depth
from 10 to 100 feet and covering an
area OF over half-mile square, are also
all In ore which will assay from 6 to AZ
per cent copper and from 81 to Sl5 In
gold per gold. This statement may APP
pear lite exaggerated, but to all those
who question 1t we would say: Come
and see for your self, the mines are here.
Or we might refer thsm to the reports
of such well-known mining engineers
as Mr.. p. A. Smell, OF Salt Lake City,
Utah, Colin Timmons, of Los Angeles,
Cal, and John A. Traylor, now Man
ager OF the company. Any one desir-
ing to see these reports can do so by
calling at this office, or writing to the
Company at 25 Broad ST., New York.
From the report of Mr.. Traylor,
which was made nearly one year ago,
and which is substantiated by the 9TH
er two gentlemen, we take the follow
ing extract: "From ore opened in
cross cut No. ,, and in cross-cut No. 8
on the 400 foot level, and the rich ore
In shaft No. 2, feel safe in estimating
In this bel. alone above the 300 foot
level, not less than five million tons Of
ore. This area would cover only one
fifth Of the total area OF the mineral
lied porphyry belt, controlled by the
New York and Nevada Copper Co.
The average assay value OF this ore,
according to the three expert reports,
is better than per cent copper.
The company is now selling limited
amount OF stock In New York at 81 per
share, the proceeds of which will be
used to further develop the mines and
place the smelter at the Keystone in
readiness for the production of bullion,
which may be in very short time.
One thing worthy OF notice in the pros
pectus is that this Company is not try
ing to get investors by misrepresenta-
tons or the promise of early dividends
before they can possibly be earned.