Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-09-24
MORE WEALTH
AT GOLDFIELD
Wonderful Shipments from
the Jumbo.
Kendall Quartzite and St. Ives Leases
Enter Shipping LiSt--.ImpOrtant
Strike in the Black Butte.

One OF the most important sales
that has been recently carried
through in Goldfeld was that of the
St. Ives claim, which was consum-
mated this week. The ST. Ives ad-
joins on the east the Grlzzly Bear
claim of the Jumbo Mining company,
and has two lodges on the surface
paralelling the great Jumbo vein. 1t
was purchased by 7. G. Lockhart,
who owned the Tonopah Extension
mine, from ''Tussy" Williams, in the
early part of this year, for $500.
The purchasers are Judge Bond and
his son, Marshall Lewis Bond, of
Santa Clara, Cal, John Erickson,
who took over million dollars out
of El Dorado creek in the Klondike,
and Capt Hassell, who has for some
time been living at Jumbo town. the
price being $S5, 900. 1t is understood
that company will be Incorporated
to develop the property on which one
lease Is being worked This is called
the Joshua Club lease, the principal
owner being Joe Wilson Of Godfeld.
This week, in a crosscut from the 50
foot level, the lessees struck four
foot of ore assaying over $1,000 per
ton and now have nearly POO sacks
OF this grade ore on the dump.
Jumbo.
The great Jumbo vein continues to
be the marvel Of the camp and the
Bowes Kernick lease is still the star
producer, ll9 tons being shipped this
week OF which 26 tons were valued at
$50, 900 and 20 tons al $50, 600. the re-
mainder, low grade stuff, running from
$3.50 to $1,000 per ton. There are
still about 800 tons sacked on the
dump, as with two huists going
teams cannot be obtained to cope
with the output. On the 200 foot
level the ore maintains its great rich
ness, there being also a streak vary
ing IN width from two to eight inches
worth SIG PER POUND, and on the
hanging wall there are four feet of
porphyty assaying from milling val
ues up to $400 per ton. On the Ful.
Ter. Mcdonald lease adjoining, the
hosting engine has broken down and
the drift on the 200 foot level OF the
Bowes lease win be continued into
that ground. John McKane, who
already owned one fifth interest in il.
bought another fifth this week for
Sl5, 900 and halt the profits after that
sum has been taken out. This lease
shipped two cars this week the Yer.
milyea lease Az tons, Ridge Curtis
lease % tons From the Vermilyea-
Bartlett lease two tin cans of gold
recently sent TO the Carson City mint,
weighing 25S.32 ounces realized
$l5ll20 or $200 OF per or, the high
est price yet paid in Carson for
Nevada gold. This represents some
of the results OF G. Vermilyea's prim
tive pestle and mortar mill on his
ease
Jumbo Extension.
The prospects Of this property, all.
ways good, have been enormously in
creased by the strike in the st. Ives
only l50 feet distant, and the west
drift from the 60 foot level may cut
the vein any day. The Velvet vein
which is cross vein also passes
through the property. On the
Wedge claim a 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 Vernal
Extension Mining company's stock
can now forward their certificates to
the company for the reissue of Jumbo
Extension stock and the dividend of
Vernal Mining eompany's shares.
Kendall.
The surface dirt gathered up close
to the vein and amounting to about
II tons left Tonopah this week and
will average 500 per ton. The
crosscut from the 80 foot level of the
shaft broke into ore on Wednesday
night, assaying $4,000 per ton, one
picture assay going over $3.50, 900
per ton. The lease is owned by T. |
l.. Oddie, Major Gardner and ]. Duf-
held, who paid $4,000 for a one.quar-
ter interest in It., which investment
will net him a big fortune alone, as
the lease runs to lst September. 1905. |