The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1903-08-12
MAKE FLATTEE
ING REPORT
OF the Poker Flat.
Mines
SOME STOCK TO BE
PUT ON THE MARKET.
MeSSrS LyOn and Willis
Tell Of California
Interests

Hundreds Of Oklahoma people are
interested in the ultimate welfare Of
the mines in Sierra county, calf,
owned by Oklahoma men
Knowing that scores Of its readers
will be interested in the mine develop
ments and operations, The Leader has
secured an official statement rom
Messrs. Lyon and Willis regarding the
mines
Guthrie. Okla, Aug 10, 1903. Report
to the shareholders of the Poker Flat
Gold Mining and Milling company
George II. Willis. president, and Jas
S. Lyon. director, Of the Poker Flat
Gold Mining and Milling Co, who
have just returned from visit to and
inspection Of the mines belonging to
the above named company. submit the
( following report
First we find the Poker Flat Gold
Mining ana Milling company was or
ganized under the laws of the state
of California, in August, 1901 for the
purpose OF operating ana extracting
gold and silver out of a group Of
quartz claims, described as fellows:
The company own in their own right
and hold a clear title to three immense
gold quartz lodges, 55 feet in width
1850 feet in depth. at our present work
ing level; and $500 feet in length.
These mines are known as the
"Sraussner," Bulletin" and "Hunki,
dorie," and are recorded at page 231 Of
Book G Of Quartz Claims, Sierra coun-
ty records. and at Downieville, the
county seat of said county
Second: We find in our inspection
over 100000 tons Of ore in sight
which assays at an average valuation,
SO per ton, and 1t is estimated by the
engineer and superintendent of our
company that the mines cannot be ex
hausted within fifty years with 25C
ton plant.
Three: A 4O-ton Lane roller mil
and complete plant Of 40 tons daily
capacity is now In course Of construc
ton and viii be completed and ready
to run by September 1st of this year
The earning capacity Of this plant vii
be $4,000 per month. on $4,000 pei
year, making dividends for the share
holders of 90 per cent per year This
plant comprises. besides the mill. ;
rock breaker. etc, a fiume for convey
ing water 1900 feet in length; 12-incl
pipe line 1880 feet in length, thereb.
giving us in $50 feet incline, 436 fee
head, which gives us a capacity at tn
mill OF fifty horse power. and this cai
be Increased very easily with enougl
power for a $50 ton plant The waite
> power is enormous, and the fumes an
, pipe line are intended for power only
Fourth: We also find erected at tn
mines a boarding house Of two storie
and a basement with sufficient eapaS
Iity to accommodate twenty-four mir
ers; also blacksmith shop, tools, cars
tram-ways. rails and a modern say
mill of sufficient capacity to furnis
timbers for tunnels, etc. for years I
come. We also find that the compan
/, have timber on their own grounds su
icient for all purposes during the er
tire life Of the mine.
Fifth The mines belonging to tn
above mentioned company are tn
: largest gold bearing quartz ledges
Sierra county. California, excepHn
the Sierra Buttes mines, owned by a
English syndicate who have taken o.
s2OOOO,0O0 in gold from ore that ha
: averaged only onesthird Of the yalu
Of the orc taken from the Poker FL
mines. owned by our company
Sixth: Il is the purpose OF the mai
agement, and arrangements have &
ready been made. to increase the t
tal capacity Of the mills to 100 ton
daily thereby increasing the dividend
on each share Of stock 10 at least
cents per share annually
Seventh; It Is also the purpose
the management and arrangement
= have already been made, to install
chloronation works at the mine. at
cost Of from twelve to ffteen tho