Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-09-27
LAVE GoLpFIELD NEMs.


one OF the most important sales that
has been recently carried through In
Goldheid was that Of the ST. Ives claim.
which was contaminated this week,
says the Ton0pah Bonanza. The 81
Ives adJOns on the east the Grizzly
Bear claim Of the Jumbo Mining CONF
p0ny, and has two lodges on the sur
face parallelling the great Jumbo vein
II was purchased by 7. G.. Lockhart,
who owned the Tonopah Extension
mine, from "Tussy" Williams, In the
early part Of this year, for 81 50O The
purchasers are Judge Bond, Of Santa
Clara, Cal, John Erickson. who took
took over a million dollars out Of El
Dorado creek IN the KlOndikc and
Capt Hassell, who has for some time
been living az Jumbo town. the price
being $4,000. II Is understood that a
company win be incorporated to deyel-
Op the property on which one lease Is
being worked. This Is called the Josh
VA Club lease. the principal owner be-
ing Jos Wilson Of Goldneld This week.
IN a crosscut from the 5O-foot level.
the lessees struck four feet Of ore, as
saying over $1,000 per ton and now
have nearly 200 sacks OF this grade ore
on the dump.
The great Jumbo vein continues to
be tfe marvel Of the camp and the
Bowes-Kernck lease Is still the star
producer. ll6 tons being shipped this
week OF which 70 tons were valued at
$4,000 and 20 tons at $4,000 the re-
malnder low grade stun running from
$3.50 to $1,000 per ton. There are stu
about $3.50 tons sacked on the dump,
as with TWO HOSTS going teams cannot
be obtained TO cope with the output on
the 200-foot level the ore maintains It's
great richness, there being also
streak varying In width from two TO
eight inches worth SIG per pound, and
on the hanging wall there are four
feet Of pOrphyry assaylng from milling
values up 10 $500 per ton. on the Full
er-McDonald lease adjoining, the
hosting engine has broken down and
the drift on the 200 foot level of the
Bowles lease will be continued into that
ground. John MoKane, who already
owned one-hfth interest In IT, bought
another fifth this week for $4,000 and
half the profits after that sum has
been taken out This lease shipped two
cars this week, the Vermilyea lease
Az tons, Ridge-Curtis lease 20 tons.
From the Yermilyea- Bartlett lease two
tin cans OF gold recently sent TO the
Carson city mine Weighing 25S.32
ounces realized S,5ll20 or 5000 per
ounce, the highest price yet paid IN
Carson for Nevada gold. This repre-
SCENTS some Of the results OF q. Vedmi-
yeas primitive pestle and mortar mill
on his ease.
The prospects OF this property al
ways good, have been enormously in
creased by the strike IN the 81. Ives
only $50 feet distant, and the west
drift from the GO foot level may cut the
vein any day The Velvet vein which
is 4 cross vein also passes through the
property on the wedge claim n shaft
is now being sunk and a crosscut will
be run from the 100 foot level to the
Jumbo vein which passes through this
claim. Holders OF original Jumbo and
Vemal Extension Mining company's
stock can now forward their certlh-
Gates 20 the company for the Reissue OF
Jumbo Extension stock aud the dvi.
dcnd Of Nernal Mining company's
shares
The surface dirt gathered up close
10 the vein and amounting to about
il tons left Tonopah this week and
viii average 500 per ton, The crosscut
from the 5O-foot level Of the shaft
broke into ore ON Wednesday night,
acsaying 5000 per toy. one picture
assay going over S26OQ0O per ton The
lease Is owned by A. l. Oddlc. Major
Gardner and J. Duniedt who paid ST. 600
for a one-Quarter inttfest In H. which
Investment VIII net HIN big fortune
alone as the lease runs TO September
| 1908