Los Angeles herald., 1905-03-19
GOLDFIELD
It's Wonderful Wealth
RivaIing the KIOndike

In the spring Of 1908 Goldfield was
discovered and then named Grandpa,
but It was not until September OF that
year that 1t attracted any great at
tention. In that month the Combin-
alton mine was sold to Chicago capi-
talists and organized as the Combin-
alton Mining company, with a capital
of S40O.0 900, of which only 100000 shares
were issued. Early in November the
company commenced shipping ore and
its total output to date has been over
S60O000 the average value of the first
II months shipments having been 1898
per ton in gold, which were oxidized
ores, the sulphide ores which have been
and are now being shipped have aver
aged $553 per ton. The milling ore on
the dumps Is valued at 100000 and 1t
is a remarkable fact that the whole
mine throughout will average 100000
per ton. The company is now paying
dividends of 10 per cent, or $500 per
month, has 100000 reserve fund and Is
now building tenstamp mill with
concentrators and cyanide plant. The
sum of $4,000 was paid for the mine,
of which $4,000 was paid down and the
balance was paid out of the proceeds
of the ore shipped. In January, 1908,
the Goldfield Mining company granted
a lease on the January claim, adjoin-
ing, and blind vein was opened up
and during the twelve months tenure
of this lease over $500, 900 worth of ore
was shipped and over 1,000 TONS aver
aging $35 per ton, were placed on the
dumps From the Jumbo mine leasers
in seven months shipped over $1,000,000
worth of ore. and from the Florence
one lease shipped over 100000 worth.
Up to the 31st of December, 1908, the
record of Goldfield is as follows:
The whole of this shipping ore re-
turned values from $3.50 to $1,000 per
ton. 1t should be stated that the oxi-
dized ores of this district can be
treated by stamp, milling, concentration
and cyaniding, the values being en-
tirely in gold. The Sulphide (pyrite)
ores carry tellurium, gray copper, bis
muth, arsenic, antimony. This output
was not equaled by Cripple Creek un-
til four years after it's discovery. The
area of proven mineral ground is now
about fifteen miles square and new
discoveries of rich ore shoots are being
made weekly, while an enormous ton
mage of payable milling ore is being
developed. The district has now a
population of fully 1000, is well sup
piled with water for domestic purposes
from local wells and for milling pur-
poses water is being piped a distance
OF ten miles ana small Quantlt1eS nave
been encountered in the Combination,
January and Jumbo mines. The rail-
road from Tonopah is being extended
to the camp and a railroad connecting
with the Clark road from Los Angeles
to Salt Lake is projected from the
south. Electrical power is also about
to be transmitted from California,
eighty miles distant.
South of Goldfield, eighty miles, i'm
portant discoveries of gold have been
made in the Amargosa valley, in the
Bullfrog district, and ore from there is
now being shipped assaying from $3.50
per ton upwards and immense bodies
of milling ore are being developed.
The district has wood and ample water
for milling purposes and is destined
to become great producer. West of
Goldfield, eighteen miles, the old dis
trict of Silver Peak, with immense
bouies of high-grade milling ore, is
being actively reopened.