Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-06-18
MINING NEWS
OF The WEEK
Mcnamara and Golden An
ChOr Strikes
Favorable News at the Golden Anchor
Improves Prospect at Little
TOnOpah and Midway

Early this week the hanging wall
of the ledge recently encountered in
the north $50 crosscut of the Nc
Namara was cut, and shows, from
foot to hanging, a twenty-foot width
of quartz. Through it all punches of
high grade ore are visible, the whole
constituting fair milling product
The ore is very similar in character
to that found in the Tonopah Exten-
sion and in the extreme west work
ings of the Blackboard in the 500
level, giving color to the belief that
il is one of the Mizpah veins, though
it dips to lesser degree, showing,
at the point opened up, about 25
pitch to the north. Wednesday, east
and west drifts were started on the
ledge 100 feet from the shaft, and
probably, within the next two weeks
winze will be sunk. The workings
of the property were visited this
week by BONANZA representative,
and in extent and value it is all that
is claimed for it by the management
Golden Anchor.
Rumors OF an important strike on
this property have been current on
the street, but the management
state that in the north crosscut on
the 500 foot level 260 feet from the
shaft two feeders kave been cut
twelve and eighteen inches wide
carrying fair values; the Indications
for striking good body Of ore are
however very favorable. When the
south crosscut strikes ore the next
property in line will be the Cash Boy
which adjoins the Golden Anchor on
the west and is parallel to the Little
Tonopah on the south and must i'm
prove in value by the discoveries in
the Golden Anchor
Midway.
Consequent upon the discovery in
the Golden Anchor there is a strong
demand for Midway stock as the Gold
en- Anchor must veins pass through
the Midway ground north of the pres
ent workings. Aside from the
Golden Anchor ledge the Midway is a
mine of great merit, it has large rich
Iedges of shipping ore blocked out
besides two years run on milling
ore now in sight. The Midway JUS
titles much higher price for the
stock for it is a gilt edge investment
and the BONANZA advises its sub
scribers to buy Midway at once.
Little TOnOpah.
The shaft is down 487 feet and it is
believed that the lode porphyry will
be struck in few days when cross
cutting will be commenced The dis
covery in the Golden Anchor has a
most favorable bearing upon this
ground as the veins therein discovered
cannot fail to pass into this property
which adioins on the west and runs
parallel to the Golden Anchor for
about 1900 feet.
TOnOpah Mining Company.
The heavy timbers for the CON
struction of ore bins and chutes has
been ordered and will arrive on COM
pletion of the railroad. There has
recently been considerable dealing in
this stock but few people realize that
it is still far below its value. With
the enormous output of ore by
rail, dividends will follow and the
stock should be not far from $50 in
very few months.
Jim Butler Mining Company.
A new aud heavier gallows frame
is bing built at the Valley View shaft
and every preparation is being made
for hosting large quantities of ship
ping ore. There is strong demand
! locally for this stock