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

quartz, ana tne talc On eiliiei "ai 10
similar in appearance to that which was
so rich in the Jumbo and Combination.
Richard Coe, a tirst-cias' mining engl-
neer, states that the rock is as likely
! looking as he has seen for some time,
/ and the Glover Leaf people are greatly
encouraged.
Adams.Coldfield
The new shaft on the Adams q oli6eld
/ is now down 3, feet and the whole shaft
is i'm good mill ore which ASSAYS from
SIS to $50 per ton.
The Tokop Keystone Company.
The Tokop X eystone Mining and Mill
ing company is rapidly gaining we'll
merited reputation both as regards its
property and management among the
mining men and investors of this dis
trict 1t way recently incorporated with
the following directorate: III. G. Sutman
of Mcnongahela, Pa, president; Thomas
H. kitto of the Nye & Drmsby County
bank, treasurer; f. {. Watson of Gold
field, secretary; 4. II. Mckay OF Gold
field, j ohm Z. Cooper and w. c. Mccall
lister, botk of Mononeahela, Pa, direct
tors The capitalization is S. ,000 coo,
with 300, 600 shares in the treasury, stock
tally paid and worcestershire. The IN
corporation was effected under the laws
sof >6utn Dakota The company has
taken over a groupsof ten claims i'll the
TokopGistrict kneyn as the Enterprise
group. Since first mention OF this prop
erty in these columns, not only it but
the erE5ire Tokop district has forged
ahead at a wonderful pace. A number
OF strikes have been made, the most re-
cent and richest Being about a mile from
the 4 eystone claims. Mr.. Kearns, the
vice president OF the company and q
miner of wide experience, is on the prop
erty in person with force of men. and
has already sunk 50-foot shaft and un-
covered about 100 feet of ledge. Such
assidaity in company which is barely
ldtIi-Iittt dTStts we'll lCI us merit. lt
surface showings on this property were
very promising bat the results OF the de-
velopment have better than was ex-
pected. Ore very close to the shipping
quality has been encountered in. the
shaft and paintings OF free gold are OBJ
tanned in six open cuts for the entire 40C
feet uncovered. The values are contin-
uaily increasing as the shaft is deep
ened. The formation of this section is
similar to that OF Goldtield, but there is
this advantage which very few districts
can claim. The formationis cut by true
tissure veins OF large size and frequent
occurrence. This. in fact, is one of the
most promising features, and on that
account men of experience who have Wis
tied the property declare that a mine of
astonishing richness is quite sure to re-
suit. Several of the ledges on the claims
show up on the surface for 2,00O feet.
Very little OF the treasury stock is to be
sold, since it is believed that tie mine
will support itself within short time.
Frequent inquiries are made for large
blocks of stock, but as the company is a
! semi-close corporation no such blocks
will be sold.
Ida Consolidated Mines Company.
| The organization of the Ida CONSOLE
dated Mines company was completed
this week by w. f. Jeske, who has
charge of the Weber d Ish properties
outside OF the Goidfield district, and the
incorporation of the company will take
place Immediately. The property pur-
chased is known as the Consolidated
group-and contains 80 acres situated
about miles north of the town OF Ida.
The property was personally inspected
by Mr. Jeske before the purchase was
concluded, and he speaks in most en-
thusiastic terms of it. There is a l5-foot
ledge which outcrops on the surface.
This was thoroughly sampled by Mr..
Jeske and his assiatants and good pan
nings were easily obtained. Arrange
ments have been made to commence
work Immediately and the company
proposes to sink shaft on the ledge and
reach depth of 100 feet before starting
prosecuting. 1t is quite probable that
block OF treasury stock will be placed
on the market to provide the necessary
funds for development work.