Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1906-10-06
THE GOLDFIELD MINES
Taken from our Goldfeld Exchanges.

one big ore body on this tract, besides
the bodies which the company expects
to come from Mohawk, Combination
and January ground.
No more leases will be granted on
Silver Pick, The company's workings
are said to be in ore of richness and ex-
tent comparable only with the peerless
Mohawk. For some weeks there has
been a steady. persistent demand for
this stock, causing the price to raise
from SIS to within a few points of par,
and it is now selling well above 80.
That this ground is as rich as the best
in Goldfeld has been openly expressed
opinion of the wise ones for weeks past,
but the close mouthed policy OF the
management has baffied all efforts to
learn what values were being found.
That there was reason for optimistic
belief is now evident. Mining men of
Goldfeld are sorely disappointed by the
recent decision of the Silver Pick COM
pany to grant no more leases. The
position of Silver Pick, lying as it does
between Mohawk Combination and
January, gave such of ore
that leasers have been very anxious to
obtain blocks of the ground. Some
succeeded, but the majority OF APP
plicants failed. Now that no more are
to be had from the company, fancy
prices are offered for leases, but the
lucky ones are refusing to sell,
The Nevada Leasing Company, oper-
ating a lease on the Florence property,
is now enrolled among the regular
weekly shippers of the Goldfeld dis
trict. The second consignment, con-
sisting of 40 tons, was forwarded to the
sampler last week. Manager G. S.
Clack states that the lease is in better
condition now than at any time pre-
vious. When the values were first en-
countered on the lower levels, they
were irregular and the n appeared to
be in pockets. Extensive development
work on the lodges has been done
recently and the showings at present
are very gratifying. The veins are
much stronger, the values higher and
everything has the appearance Of per-
manency. Ore has been opened in four
different places and the big bodies now
exposed insure the company ample ton
mage for shipping for some time to
come. In the breast of the drift at the
2OO-foot level, the ledge shows a width
of more than 5 feet. The entire ledge
carries good average values and is all
broken down and shipped. The cross
vein which was encountered in drifting
on the main ledge, has also been devel-
oped. A drift wal started and the
} ledge has opened to 5 feet strong.
l Stopping has been under Roadway foi
! some time at this point and as the work
t progresses the values are improving
t slightly and every indication points K
opening up a bonanza shoot. The same
J lodges as found on the lower level!
4 have also been opened up on the $50
Drifting and prosecuting the different
veins and blocking out the ore on this
level has been carried out on a large
scale and the result is that a very large
$ tonnage is now ready to be broker
r down and shipped. The management
states that the general average of thu
d ore as at comes from the mine read!
for shipment will average a little bet
: ter than 800 to the ton in the precious
metal.
d The Jumbo Leasing and Development
: Company operating a block on the ives
: end of the Cornishman claim of tn
e Florence Company comes forward witt
two strikes that will in all probability
when further developed, place it among
n the top-notchers OF that section of tn
n district. The shaft on this level ha
been sunk to a depth of 1876 feet an
from this point considerable crosscut
ting has been done. A new ledge ha
been penetrated for a distance of l
Ie feet and as yet there was no sign of tn
OppOSllc wall. DdliplSS SdhSli lAohi III
% strike give an average return of bette
n than $44 to the ton, with streaks run
q ming through the ledge that show tn
y values running around the 500 mark
e In the other two %crosscuts from thi
y level several veins have been cut. TIL
a values found in these places are nc
"a very high as yet but it is thought tina
with further development work a shoe
Is will be opened. In the southeast eros;
IT cut from the l15-foot level a 3-foC
N ledge of quartz was cut recently an
y from its present showing it has ever
indication of developing into somethin
ne good. The ledge is well mineralize
" and the owners are of the opinion thu
re it is a stringer from the big sho'
20 opened on the Mohawk which lies on
tx a short distance to the west. Sampl,
are now in the assay office and from Il
eS paintings obtained from the rock lart