Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1903-02-21
The BOSTON TONONPAH.
Another Ledge In the Montana
Tonopah- Other Notes.

Another Ledge In the Montana
Tonopah--Other Notes.
The Boston onopah shaft Is now
down 100 feet. At the bottom is a
small stringer Of quartz carrying
values In both silver and gold. They
are now framing the gallows timbers
and excavating for the engine, which
is of 80 h, p. 1t was ordered in De-
cember last, but owing to the U. F.
strike has been delayed Its arrival
is expected in short time.
The company has placed several
good-sized blocks of treasury stock.
Upon the placing of the machinery
three shifts of miners will be put on,
and sinking continued to the 700-level
rapidly as possible. AS the bottom
of the shaft shows the contact and is
highly mineralized, it is expected
, that very little prosecuting will be
necessary. There is five-foot vein
of quartz cropping nearly the entire
, length of the Reptile claim, and the
shaft was started 100 feet below the
ledge. Cross cutting will be started
at different depths in the shaft
The Boston Tonopah is close-in
property, joining the North Star and
the Mizpah- Extension companies, and
about 1000 feet north of the Tonopah
company property 1t is in compe-
, tent and experienced hands, and with
/ strong ledge on top carrying Sl3 "a
4 gold per ton, this company has a
bright future when the proper depth
= is reached
Indiana-TOnOpah.
b, The new hosting plant enroute for
the Indiana Tonopah is of sufficient
S power to sink 1000 feet, which it is
: the intention of the company man.
K ayers to do as rapidly as possible
x In the opinion of the most expert
f enced mining operators and students
of this district, in that particular
h ground there will be extension devel
}. opment of rich ore at points above
that depth. A demand for the stocl
is being received daily The direc
tors have increased the treasury
= stock from 10 cents a share to q
: cents. Yesterday many checks were
y returned by the secretary to parties
who ordered blocks at 10 cents. TIT
d shaft is being sunk in a locality tina
J. will eventually prove bonanza.
J MOntana-TOnOpah.
" Yesterday, as the Montana Tono
pah shaft was blown to the 600foo
o point, the opening penetrated ;
% series of ore-stringers and forma
ID ton of decomposed quartz extendin!
III almost entirely across the bottom @
10 the shaft This Enthusiastically ind
I'd Gates the proximity of a solid bod
IN of ore, the high value of which. pc
ton, can be foretold to a certainty
r This is some fifty feet below the cas-
a. and west drifts on the ledge fror
Y, which the extraction of rich ore goe
D. on as exploration work advances. A
r. cool proposition of relative values
" Tonopah company stock being wort
d. to-day $11.50 per share, Montana
S. Tonopah stock ought to be quoted a
and command S..
West End.
The work of placing guides dow
- the shaft, which is now PIG feet deeI
4, will be competed and the cages hun
during the first two or three days {
. the coming week. Another shift wi
y then be put on and rapid progress
y, effected after the delay incidental t
n charging the shaft and the place
40 ment of complete steam hoistin
NJ plant. The company is essentially
a local one, right in town and cover
n the first Mizpah extension locatio
40 that was made They are now we
he equipped for rapid and economic;
ar mining, and everybody will reioic
70 when they get down to the dividend
al yielding zene.
ts Ray.
ne Steady shipments to the smeltel
Mt of very high grade ore from the Ra
e. & O'Brien mine will be very apt
ne silence the persistent knockers" I
re that district. 1t is only the minin
as men who have become through exp,
A. rience perfectly familiar with tt
)y conditions under which bodies of ths
he class of ores carrying three or fol
id metals in combination who coul
lei know what to expect, and all of sue
lis men have so far had unbounded fat
4. in the Ray proposition general,
on Drifting on the big ledge, gainin
n. depth at the same time, continue
on right along, together with ore e,
ii traction and shipment.
ne False RumOr.
nd
IA The published statement that Mr.