The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-03-24
Desert Rose Strike.

The reported strike on the Desert
Rose seems in every way to be substan-
tiated, although it has not created the
sensation that earlier strikes in the
region of the Sandstorm has made. The
surface discovery has been stripped for
matter of so feet, showing about 8 feet
of ore that pans gold of such quality
and appearance as was seen in the early
days of the Florence-coarse gold big as
pin heads is common in the paintings.
$500 to $500 paintings are common and
assay values run as high as 81, 100. The
lease is owned by group of Columbia
men, who are now arranging an extern
sive plan OF development.
The Lone Star.
On the Lone Star lease No. l, the
headframe is up and the foundation laid
tor a 15-horse-power gasoline hoist
which was ordered from San Francisco
six weeks ago, and has not yet got
through the freight blockade. The
leasers were much relieved yesterday to
learn definitely that the machinery
in receiving it has seriously retarded
work on the property. The shaft has
been sunk to depth OF $50 feet by
means of windlass, the only hosting
apparatus available, and a very prom
ising shoot of ore has been tapped in a
drift 80 feet long at the SO-foOt level.
Fifteen tons of ore assaying $3.50 per ton
have been saved in the course of this
work and shipped. Those who know
say that as soon as the hoist is installed
the Lone Star will take it's place among
the regular shippers of the camp.
The Atlanta Mines Company.
The Atlanta Mines company, the or
ganization of which by Henry Weber
and Marvin Ish was noted in our last
issue, is starting out in a most flattering
manner as was then predicted. During
the week, IN order to obtain funds for
developing the property on company
account, 100,O shares OF treasury stock
were placed upon the market, and with
in three hours the entire issue was taken
up right here in Goldield, and within
three hours thereafter the stock was
over-subscribed $4,000 shares. No bet
ter evidence could be adduced as to the
value of the property and the repute OF
the management when the stock was so
eagerly sought for and SO quickly taken
up in Goldfield where both are best
known, and where good offerings are
not uncommon. This was done, too,
without any general advertising of the
fact that the stock was to be placed up
on the market at this time.
Messrs. Weber and Ish had been un-
usually successful in their different COM
panies, but the Atlanta is the greatest
success of all. No more stock will be
sold at the initial price of ten cents per
share, but if the money can be used to
good advantage in the quick develop
ment of the properties another block
may be shortly offered at an advance
price. Eleven leasers are now at work
on the company's property, and some OF
them have recently got particularly good
paintings. We are reliably informed
that it is the intention of the company
to at once order first-class plant of
machinery and sink deep shaft when
the most available point is determined
upon.
The Dixie.
The double compartment shaft of the
Tinhorn claim of the Dixie company has
reached depth of 1873 feet, and the bot
tom of the shaft is in ore that shows a
width of feet and assays better than
$50 per ton. Sinking will be continued
until depth of 200 feet is attained and
then drifting on the ore body will be
started. At distance of 165 feet from
the shaft the management is driving an
incline tunnel on parallel ledge and
satisfactory values have been encOunt-
cred. The management contemplates
crosscutting to the parallel ledge from
the 2OO-foot level in the shaft when
reached.
The Red Top.
Some very high grade ore is being
sacked at the Red Top mine, bat the
management state that no shipments
will be made until the railroad is COM
pleted to Goldfeld. Plans are under
way for the erection of mill to handle
the lower grade or milling ore now
blocked out and exposed in the mine.
In fact, Mr.. Colburn, of Williams d Col
burn, is now in San Francisco investi
eating several different methods of
treatment.
Simmerone Shipment.
A shipment of about Ia tons OF ore
that will run up in the pictures was
made from the Simmerone this week by
Wells-Fargo express. Developments at
this mine continue satisfactory.