The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-02-03
/ HE CRACKER JACK
. New Strike on This Claim of the Gold.
NFU5 field Mining Co. = lJiW

and Marvin Ish, two Of the most promi-
nent operators in the district, and they
are now taking the preliminary steps in
the organization of strong company to
handle their newly acquired holdings,
which may properly be termed the most
valuable undeveloped property in the
district.
The extensions of the Jumbo and st.
Ives veins have been opened on Atlanta
ground, although only surface prospect
ing has thus far been done. 1t is the
announced purpose of the new owners
to at once inaugurate comprehensive
plan of development with a view to
thoroughly determining the extent and
richness Of great number of ledges
that are known to pass through the
property.
Though the price paid for the group
has not been made public it is generally
known to have been very high. In fact,
it is reported that the transfer involved
the Investment of the largest sum ever
paid for an undeveloped piece of ground
in the district.
The group, the separate claims of
which form compact piece of ground,
consists of the Atlanta, which adjoins
the Jumbo on the south, the Union
Jack, adjoining on the north and west
the Grizzly Bear and st. Ives, the Black
Bear, Bismarck and Black Bear fraction,
in all about rs acres. 1t is estimated
that there are at least IS different veins
on this territory.
The Sandstorm.
At the Sandstorm lease number S
they are now sacking the fourth ship
ment. Returns for the months of De-
cember and January show total pro-
duct of about $37 ,OOO-$25, 900 actually
marketed, and mill dump of 25O tons
of $50 ore. The incline shaft is now
down fifteen feet and they are grading
for the power hoist. The contractors
are saying that in fifteen days the ma
chinery will be here, and everything will
be ready for it's installation by that
time. A night shift has been put on at
all points and the work is driving to the
limit. The men interested here have
two leases on the Kruger, directly oppo-
site. This is also Sandstorm ground.
Mr.. Davis, who made the original great
discovery, is directing the work on the
Kruger, and is already opening ledge
that prospects free gold in plenty. 1t is
generally believed there is a bonanza in
this ground and that Davis will find it.
Coloradoans Buy Silver Pick.
Sherwood Aldrich & Co., one of the
largest and most successful mining and
brokerage firms of Colorado, with off,
ces at Colorado Springs, haye purchased
the Silver Pick Mining & Milling COM
pany, including the ecompany's holdings,
the entire capital stock and appurten-
ances. The figure at which the trans-
fer was made has not been given out but
is generally believed to have been some-
where between $4,000 and 100000.
The group of claims owned by the Silver
Pick company comprises three claims
that form compact body of ground be-
tween Goldfield and Columbia. The
group is located directly on the north
east-southwest mineral zone that ex-
tends from the Florence through the
Jumbo, Combination, January, Red Top
and Mowhawk properties, and undoubt-
edly possesses very great prospective
value. In fact, ore of good milling
grade has been opened up by lessees on
the ground and there is every indication
to bear out the prediction that the prop
erty viii develop into an important
producer. The purchase of the property
by the Colorado firm is of especial i'm
portance to the district and particularly
that section of it in which the group is
located, primarily because it again illus
trates the confidence operators of the
Centennial State-for many years recog-
nized the leading mining state in the
country-have in the district and also
in view of the fact that the territory will
be thoroughly developed to determine
its mineral wealth. The development
will be prosecuted on the same extern
sive scale that is being carried on at the
Lone Star group, which was purchased
by the same firm several months ago.
Important Deal.
Raymond ID. Frisbie, of the broker
age firm of Frisbie & Lawson, was here
this week and closed a deal with the |
Sherman Goldfield Mines company
the latter bought outright a
large block of stock in the Goldfield |
Lucky Strike Mining company and took |
an option on a control. The Sherman