The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-02-10

venture.
The Florence.
Under the vigorous plan of develop
ment that is being prosecuted by the
owners, the Florence is making a splen-
did showing and with the opening mp of
new territory the mine will take rank
with the heaviest producers of the dis
trict. Since Superintendent Oliver took
charge, shortly after the expiration of
the leases, work has been started north
on the 1OO-fOot level and south on the
$50. In driving the drifts great amount
Of milling ore is being opened up and a
steady tonnage of shipping grade is be-
ing hoisted. At present there is some
ore sacked and shipment of 80 tons
kwill be sent out in the near future. The
Shipping ore is coming from the slopes,
where it had been left standing by the
lessees, and from the north drift on the
100. Just as soon as timbers arrive
sinking will be commenced for another
lift of so feet. This will give the shaft a
depth Of 800 feet. Judging from the
dip of the ledge it should be encountered
in the shaft between the 800 and $50
levels. The milling ore carries values
of from $45 to $50 per ton. An impor-
tant feature of the present development
is the opening up of virgin ground to
the north. The lessees prosecuted work
south only, as they were under the i'm
preston that the best ore was to be
found in that direction. Since the COM
pany took hold some work to the north
has shown the ledge to hold it's width
and values and important results are
expected.
ield.Sovereign.
One of the recent companies organized
to operate in the Goldfield district is the
Gold6eld- Sovereign Mining company.
This company has recently purchased
the Johnson Nos. and 4, U. s. patent
survey No. 2244; the New York Nos. l
and 2, U. S. patent survey No. 2243,
from Frank E. Horton and Tom Henry,
which are just west of the Great Bend,
and the Snowflake, which is about a
quarter of mile north of the Kendall,
from r. T. Brackney and Lee Griggs.
The total consideration was about $780,
600. The company has already applied
for U. S. patents on all of its properties,
and has received the survey numbers on
the Johnsons and New Yorks. Work
has started on the johnson No. claim.
The Sovereign company has five lodges
showing on this group, one of them be-
ing about 80 feet wide. 1t is upon this
ledge that the work has been started.
The shaft has been sunk 20 feet, and as
says as high as $50 have been had. 1t
is the intention to crosscut ON the sur
face of this dyke about every so feet and
opened up. Frank f. Horton of Gold
field has large interest in this COM
pany and is it's resident manager. The
Downing Investment company of Den
yer is also largely interested in the COM
pany, and ]. M. Downing is its presi-
dent. The firm is well known as Sue
cessful mining operators in Colorado.
The company has very strong cash
treasury reserve and intends to prose-
cute work on all of its properties as fast
as possible. Its total acreage is l02 acres,
all of which is good inside property.
Tin Cup Group.
Active development work is being
prosecuted by the Goldfield Mining,
Brokerage & Investment company on
their holdings, the Tin Cup group, near
Diamondfield. The group consists of
three claims and three fractions, in all
43 acres. AS result oi surface pros
pecting very encouraging showing has
been made. Several silicified dykes
have been proved to traverse the ground
and in numerous places gold values have
been encountered. Avertical shaft that
Is being put down has attained depth
Of As feet. Sinking is in progress and at
the 5O-foot level drifts are to be extended
In both directions and crosscut driven