The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-05-26

readers VIII De eager LOT auultloHdi ihioi
petent source.-[EDIToR NEws.)
NoTE. The writer of the following
article is a mining engineer OF wide ex-
perience and high reputation not only
in the western states, but well known
also in the larger cities OF New York,
Boston, Philadelphia, Chicago, st. Louis,
Denver, Salt Lake, etc, and for rs years
past has made Colorado his home with
headquarters in Leadville, Cripple Greek
and Denver from time to time. He has
been for many years consulted by some
of the leading mining companies and
capitalists. This summe his headquar-
tiers will be Goldfeld, New, and he has
recently written an article upon that
district for THE GOLDFIELD News, which
has attracted such universal and wide
spread attention, that at our special re-
quest he has written the following for
for us, and his reputation in London,
Paris and other foreign cities will we feel
sure, guarantee our readers a sound,
truthful and conservative statement re-
garding the geologic facts of the district,
and their bearings upon the practical
questions of the Goldield district as a
field of legitimate and profitable mining
Investment.
The phenomenal values and great
rapidity with which this region has de-
veloped in less than two years time has
attracted great attention, elected many
opinions wise and otherwise, and already
obtained the Investment of much capital
in the district. Ia fact the great major
ity of the area OF the territory immed-
lately adjacent to the town OF Goldtield
in the known mineral region covering
some 80 square miles or upwards has
passed from the ownership OF prOspec-
tors and original lOcators into the hands
of incorporated mining companies in
tracts ranging from 40 acres up to as
much as 800 acres.
Three classes of investors are operat-
ing IN inc ulStFlct.
/. Those who acquire ter ritory totally
irrespective of values, on which to Or
ganize mining companies and sell out
the stock az ia pidly as possible TO I'M
lucky, unwary or innocent purchasers.
These are the promoters Of "Widcats'
ard their victims the Lambs"
g. Those who place their properties
into mining companies and operate Tor
the purpose OF making their profit In
the stock market, by the fluctuations
according to the reports from the mine,
in the fashion Of the days Of the old
"Comstock BOOM
>. Those who purchase properties
with a view to develop them into more
or less prominent mines, and who ex-
pect to make their profits from the
values extracted out of the property it.
self. These are the legitimate mining
investors whom this article is intended
to assist, although Of course it may ben
eft also those OF the second class, and
be referred to even by those first indi-
Gated.
The region is an extensive volcanic
area characterized by various lava flows
OF the rock types known as andesite and
rhyolite, and intersected by numerous
dykes of the same rocks also diabase and
diorite. There is also an intrusive gran
lite OF the variety known as alaskite, one
carrying very little mica, but so lar this
has not shown any evidence of having
been favorable to ore-deposits either by
reason Of it's chemical composition or by
reason OF assuring.
The site OF the nam volcanic neck,
chimney or crater from which the lava
flows came has not been definitely To-
Gated, but il IS Indicated by an extensive
andesite area near the center OF The
proved ore bearing district. This, how
ever, shows no evidence thus far OF ore
bearing veins in the actual volcanic
neck.
The topography consists OF q number
OF low nils and ranges covering an area
roughly approximating l6 square miles,
the ridges rising To heights OF so to $50
feet above the mean level Of the district,
while the hills rise to from 500 to 800
feet in height, and those forming the
general boundaries 10 the south and east
rise 10 prominences Of 800 feet to Loco
feet above the average level.
To the west OF the town the region is
bounded by a line OF steep slopes form
ing the escarpment Of an extensive mesa
or table land having an elevation OF 800
feet to 400 feet above the general level
of the town, and caDped by two fiat lying
lava flows OF andesitic and rholitic tufts.
Along the low ridges mentioned and