The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-12-30
DIVIDEND
EVERY MONTH

Tomorrow, the 3lst inst, the Combi-
nation Mines Co. will pay its third divi-
dend, being for $4,000, or 10 per cent
on stock outstanding 1t has also been
ascertained that the company intends to
make this dividend regularly every
month, instead of quarterly as stated.
1t is not only able to do this, but as a
matter of fact they have been placing an
equal amount for the past two months
into a reserve fund and will continue to
do so until 100000 is so placed, after
which it is probable that the dividends
will be increased. As these dividends
are being paid on shipping ore only, and
with no special effort at production. it
can readily be seen that, when the new
mill begins grinding out bullion, divi-
dend of so per cent monthly is not i'm
probable.
Another Strike on Quartzite.
Recent developments at the Quartz
ite Fraction of the Diamondfield Gold
Mining company are proving, what has
frequently been contended, that it will
be one of the great mines OF the district.
Our readers are aware of the fine
showing in this property at the 5O-foot
level, but when the ledge was crosscut
at the 1O0-foot point the values at first
were low A little drifting, however,
soon opened up the pay shoot and Poak,
Krise and Reilly, the lessees, now have
81 to 4 feet of shipping ore. Samples
taken by"DiamondfieldJ Jack" Davis, one
of the heavy owners of the property, as
sayed from $lO7 to $347 per ton, while
an average sample taken across feet by
Mr.. Reilly went 1916 per ton. The high
II ues are not the only encouraging
feature, for the ore not only contains
sylvanite as it did in the upper level,
but gray copper has come in, which is
always considered a splendid indication
of depth and permanency of the ledge.
With ledge SO feet wide that carries
such high average values there ought to
be no doubt of the future of the mine.
This strike has an important bearing
on the Black Butte, as, owing to the
pitch of the ledge, the lessees on the
Quartzite are now working almost to the
endline of the Black Butte, proving con-
clusively not ouly that the Quartzite
ledge goes into the Black Butte ground,
but that it is bound to be rich also.
Owing to this fact and the further fact
that the other lodges on the Black Butte
are looking unusually WE'LL the stock
holders are feeling jubilant.
What's ON the Simmerone
There is 'somethin' doin y on the
Simmerone, but just what, nobody seems
to know, or at least will not say. Some
weeks ago ore that went over s., 900 per
ton for 2 feet was struck at the surface.
A control OF the property changed hands
and a company formed, since which time
nothing has been done until recently.
Now a high board fence has been erected
surrounding the fraction. This is SO
unusual as to excite comment, but its
purpose has not been definitely ascer-
tained. While $1,000 ore is we'll worth
guarding, still several properties here
have had richer ore, but this is the first
one to be enclosed by a high board fence.
Strike on Blue Bull.
A lessee on the Iron Dyke claim of the
Blue Bull group reports striking ore in
place that goes $2lS per ton. The COM
pany work on the Blue Bull is also re-
ported to be looking much better.
Lease on Cache Gold.
Tom Creed has been granted lease
on the Flat Mesa claim of the Cache
Gold Mining company, whose property
is located about 4 !, miles southeast of
the Jumbo. Little work has been done
here yet, but float assaying $404O per
ton has been found. Before securing
the lease Creed admitted that he had
found something good ON the Flat
Mesa and it is possible that news of i'm
portance may soon be reported from
this section.
The Dixie Mining Company.
Owing to Il typographical error THE
NEWS was made to say last week that
the Tinhorn claim OF the Dixie company
had 'S feet of S. ore" 1t should have
read ''8 feet of $65 ORE" which is very
( much different. Five dollar ore may be
GOOD here some day, but it isn't now.
Eight feet of $65 ore, however, is ii boz
nanza in any mans country, especially
where mills can be installed.
Strike on linn Lease.
A body of ore going better 5000 per
ton was struck this week in the shaft of
an abandoned sub-lease of Zinn's block
of Jumbo ground. 1t has not been fully
opened up as yet
Florence Lease No. 8.
The Florence lease No. is outputting
~ ..,., , Iay nf ore that goes bpt-