The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-12-01
sCHwAB BUYS BLAIR MINE.
Famous Silver Peak Property TO be
Operated on Extensive Scale.

In Nevada has been of more far reaca-
ing effect than the recent transfer of
the old Blair property, at Silver Peak,
to Chas. Schwab and associates.
This proposition has been recognized
as one of great merit for many years.
yet because of its being tied up in the
Blair estate, litigation, and the wealth
OF the owners, nothing could be done,
and as it requires an enormous ex-
penditure at the outset, probably 81
100000, men only of practically unlim-
tied MEANS could even consider ii for
n moment. The Silver Peak range Is
short and somewhat irregular in form.
1t lies Immediately east of the north
ern end of the White mountain range.
and, like this range, has a general
northwest-southeast trend. On the
north the range is separated by a low
pass from the Monte Cristo mountains
while on the south it runs into the
Panamint ranges. From near the
southern end of the range a spur runs
off to the north forming the eastern
boundaries of Clayton valley, which
lies between it and the main range.
In the Silver Peak region the TO-
neous rocks are abundant and varied.
Granite occupies considerable areas
and field evidence shows that they are
intrusive into the paleozoic sediments,
but not into the tertiary rocks. The
volcanic history of the region is of
considerable complexity and interest.
The succession of lavas in the district
have been defined as rhyolites, ande-
sites and basalts. There are rich sill
yer and gold mines in the district. The
Cambrian limestones are cut by small
pematitic granite, which changes 70
pematitic and quartz veins. The ores
appear to be partly, at least, con-
nected with these intrusions. The
honey comb cavornous appearance of
the rocks shows that they have beea
the channel for ascending springs, to
which the naturalization is undoubt-
edly due.
The Blair property consists of about
forty or fifty claims, all of which were
patented 25 or 80 years ago. The
principal claim is the Silver King, on
which there is several thousand feet
of drifts, i~nclines and open cuts. The
greatest vertical depth attained on
the ore body below the apex of the
lode does not exceed 100 feet. For
many years this property was in the
hands of l~easers, who gouged and
Quilted the rich ore so far as possible,
and left it in the worst possible shape
for operations, and yet, notwithstand-
ing this condition, experts who have
from time to time made exhaustive ex-
aminations, do not hesitate to declare
there is actually $~50,000,000 in sight.
Although the ore in this case is in no
sense blocked out, there appears to be
one vast mountain of ore, which will
average $3.50 per ton in gold, "a per
cent of which is absolutely free. How
ever, in one place, the work discloses
a shoot of AZ feet wide, which will
average over $40 per ton gold. Many
very handsome specimens showing
enormously rich in free gold have been
found. Some of these specimens showed
great globules of gold sticking out OF
them.
One of the leasers of the olden time
was John Chiatovich, more commonly
known as the "King of Silver Peak, =
and it seems to be authenticated that
he alone took $125.OoO net from The
property. Many years ago there was
a 5O-ton mill, but it is long since a
wreck.
The most conservative estimates
makes it necessary TO expend more
than S 100000 at once in order to
thoroughly exploit the property, n
in this work the old workings cannot
be utilized. Again, not less thar a
200 stamp mill could be considered for
a moment. And in order to operate