The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-02

ing Dut Htie IL u tlippliS
from TIE GoLDrIELD News, a paper
printed where the mine is located, and
we'll known, which will give you a better
idea OF what the mine is, than ] can"
Mr.. Willis George Emerson, presi-
dent of the Emerson Realty company,
who have offices az suite 629 $50 Pacific
! Electric Bldg, corner sixth and Main
streets. was seen last evening by a re-
porter. and among other things said:
1T is our intention to Immediately
EQUIP the Bonnie Clare mine with an
up-to-date mill, concentrating tables,
cvaniding plant and an aerial tramway
one mile in length. With this equip
ment, we can mine, mill and convert
the gold ore into bullion mt a cost of
about 81 per ton.
I'VE have had our mine examined
and exported by three different engi-
neers. and they all unite in the verdict
that there are practically four millions
oi ore blocked out and in sight in the
, Bonnie Clare Bullfrog Mining and Mill
ing company's property, consisting of
some 10 acres all told. This is not a
new discovery but an old mine that has
been worked for twenty years, quite
actively for the last dozen years
Louis +. Chiatovich has drifted
tunnels, made upraises and opened up
cross-cuts. until he has some 5000 feet
OF underground work. He has never
stopped a pound of ore out of the mine,
but has treated the ore and converted
into gold only what he encountered in
driving these tunnels, upraises, etc,
and the amount of money which he has
mined out in this way has amounted in
round numbers to $4,000.
1T is our expectations, based upon
the most conservative, careful informa-
ton OF our Mr.. Fred H. Vahrenkamp,
who Is a practical mill man, having had
wears of experience in this work. that
within four or five months time we can
have the plant installed and the stamps
dropping.
The capacity of the mill will be
something like $50 tons a day, but in
order to he conservative, we are making
our estimates on 100 tons per day. In
stead of expecting the ore to run $50 10
$40 per ton, and ten years sampling and
the ore taken from the tunnel demon
strates the values to be this, We are
counting on just what the entire mining
samples general average, viz. $22.S5.
1T is estimated the ore can be mined
and treated at $780,. but in order to
still be conservative, we have placed our
estimate at $7.S5 per ton, thus leaving
net $15 per ton.
Now it is simply a matter OF mathe-
matics," continued Mr.. Emerson, If
Nc treat a minimum of 120 tons per day,
and it will produce us net above all ex-
penses. SD per ton, it mean ST 800
daily, or $54 900 per month of 80 days"
WI. LII'lNoh NChL Ou w SOY tIdt II
was the intention of the management to
pay a dividend on the stock OF 2 per
cent. per month on its par value. This
will mean n per cent. per annum.
1T will require" said he, "aboutS30,
coo to do this and leave us between So
GOO to $4,000 TO put into a surplus fund,
each and every month.
I'VE are not commencing in a large
way, but in a conservative one, and will
gradually enlarge the plant as necessi-
ties require. It is my ambition" con-
Guided Mr.. Emerson, "to be able to
make a monthly dividend remittance to
stockholders, and also to advise
them the amount OF money placed the
first day ri each month, into the sur
plus account, and also show them that
bv our systematic development work,
that a greater number OF dollars III ore
reserves are in sight Just like wheat in 4
granary, than there was at the begin
ming of the previous month, nOtwlth-
STAINING tllt UicIIH > piOdttlipll tI SOld
bullion, and there is no reason why Bon
ME Clare stock. Notwithstanding its par
value is only 81 per share, should not
within a couple of years be a much
sought-aiter investment at from s. TO $6
per share.
"We have some remarkable speci-
mems OF rich ore on exhibition at u
office, also 1.-The original report OF u
mining engineer 10 show to those who
are interested in high class mining
stocks, where the hazard Is practically
eliminated, and would be glad to have
such parties call on us at any time. d..
q. Doubleday, the successful banker
and broker of San Francisco, will prob
ably be selected to handle Bonnie
Claire on the San Francisco Exchange,
where it is already listed"