Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-02-25
GOLDREED N
COWICH DISTRICT
Interesting Account Of Con-
ditiOnS There.
Many Leases Are Given At Gold
reed and Every Lot on Main
Street is Sold.

Z. w. fremont Of Eureka has re-
turned to his home, from Cowich and
Goldreed for mining supplies and to
a Sentinel representative be gave
the following interesting account of
conditions at the new camp:
when / arrived at Goldreed, |
found the country staked out for
miles, and after prospecting the hills
for uncovered claims, concluded that
the best had already been taken up,
so / decided to locate in Goldreed and
wait until the company was ready to
let leases on its property. This did
not until Friday, Feb. 10, and
it was an amusing and interesting
sight to see nearly 200 men following
the engineers, each one anxious lest
he would be left. Ftom Friday up to
the time | left, Sunday, more than
100 leases we're given out, and the
engineers were driving stakes as
fast as they could for others.
LAS o as a man secured his
holding, he struck out for the neces-
sary supplies, to begin work, for few
went into the camp equipped with
outfits.
"Goldreed is situated on the east
side Of the Cowich range, 40 miles
south of Reveille, and 1870 miles south
of Eureka. There are several large
quartz lodges cutting tie porphyry
formation. The trend of the lodges
is northwest and southeast, dipping
to the east, but not enough develop,
ment work has been done to show
the actual dip. The lodges run
through the range a distance of four
miles to the town Of Nixon on the
west side.
THE Goldreed mining company's
group comprises rs claims, and up to
last week 322 claims had been re-
corded, while there are probably as
mary more that had not been put on
record. The deepest hole in camp
is the Discovery shaft, which the
company has sunk to a depth of so
feet and is now cross-cutting on the
ledge.
The outeroppings r strong and
well defined, and in some places carry
very high values in free gold. De
velopment work has been retarded
by lack Of water. On the discovery
of water the immediate future OF the
camp depends. | say immediate
future, because work will be prose-
cuted even If water has be to hauled in
in wagons until development iusti6es
piping water from a distance.
Several hundred dollars was sub
scribed by the citizens to sink a well
and it is beng sunk on one of the dry
lakes by Roger Dougherty and Billy
Waters. A depth Of l25 feet was
reached last Sunday, but no water
had been found. Several parties are
sinking wells in different places, and
] hope they will have struck water
by the time | get back.
On what terms were the leases
given out? was asked.
Each lease comprises $50 square
feet. The company reserves every
alternate lease, in addition to 600
square feet surrounding the Dis
covery shaft. The life of a lease is
nine months, with the privilege of
prospecting for 3Odays. At any
time within 20 days a lease may be
thrown up and another one taken.
II, however, at the end OF 80 DAYS a
man besides to hold bis lease, his con.
tract is good for eight months longer
The terms run from 20 per cent
royalty on 500 ore to 40 per cent on
$3.50 ore and up.
The town of Goldreed as laid out
has three principal streets and sew.
aral cross streets, and all the lots on
The main street have been sold. All
houses are canvas. There are
Two restaurants, two lodging houses
light saloons and one store, the latter
conducted by the Nye County Mer-
'antile company Of Goldfeld. Living
'rices are high. Meals are as cents
up; cots, $3.50 a night; water,
8 a barrel, and cedar wood 500 a