Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-07-15


Mayne lease, Is three feet wide and
rune $4,000 to the ton. This Is
one of the greatest strikes ever
made in Goldfeld He also brought
the news of a strike on the Florence.
a ledge being uncovered in the Wat
son lease, at a depth of 80 feet, that
assays $3.50 to the ton
Red Top
The Red Top mine is looking bet
ter than ever. This property is be-
ing developed IN a systematic man
ner, but little attention being paid
to production. The big ledge cut on
the so and 100-foot levels gives
good milling ore and pay streak in
1t, two feet wide produces ore that
will yield over $40O to the ton,
showing this to be one of the best
properties in the Goldfeld district.
The Booth
The Booth claim Immediately ad-
joins the Red Top and the trend of
the big rich ledge on the latter is di-
rectly through the Booth, which
makes 1t a very promising property.
Booth stock at II cents share
s certainly splendid buy
The Combination
The tenth consecutive monthly
dividend of the great Combination
mine, amounting to $4,000, or 10
per cent on stock issued, has been
declared, payable today. The mine
is looking splendid and the ten
stamps at the companys mill are
dropping night anu day on high
grade ore.
The output at present is greater
than ever and steady shipment OF
concentrates and tailings are being
made to the smelters.
Gold Mountain
The Nevada Goldhelds Develop
ment Company, a San Diego corpor-
alton, which owns two choice claims,
close to the Tonopah Gold Mountain
company's property, is preparing to
sink a snaft on the Leota No 2. The
groupings on this claim assay we'll
and it is believed that good values
can be obtained at no great depth.
The Tonopah Gold Mountain Com
pany made another shipment of 80
tons this week The mine is looking
exceedingly fine and promises to be-
come a big producer. In discussing
the merits Of this property yester-
day II. Fletcher the well-knowD
mining man said: Il believe the
Tonopah Gold Mountain has the
making of one of the greatest mines
in southwestern Nevada. All that Is
required is depth. | have been In
many mining camps, but | have
never seen as much gold on the sur
face in any of them, as ! have in
the Gold Mountain district. You,
mark my words, the day is not far
distant when the Tonopah Gold
Mountain will become a great mine. "
The Gold Belt is still in the lode
porphyry and splendid progress is
being made 1t is anticipated that a
big body of ore will be encountered
within the next few weeks
Silver and Gold
The shaft on the Silver and Gold
two miles north of town, is nov
down 20 feet, with no change In th,
character of the formation. The
ledge maintains its width of ST.
feet and carries fair values
VIII Work 5000 Ore
II. X. Wheeler. a well known min
ing engineer of Los Angeles, wht
has Just returned home after triI
through this section of Nevada, IL
, the interest of the Nevada Reduc
tion works of Dayton, says that al
soon as the railroad is broadgaugeC
and able to transport the ores, th'
reduction works will mill Tonopal
ore at good profit that goes Sc
ton. "The reason this can be done
Mr.. Wheeler says, is the system o
reduction that we are using, beinj