The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-08-25
We offer a limited number of shares of
Treasury Stock at 25c per share
OFFICERS AND DIRECTORS

President, G. L. TEX Richard, of whom no description is
necessary, as he is well known from Texas to Alaska for his en-
terprise and square dealing.
vicePresident and General Manager, Joseph H. Hutchin-
son, a well known mine operator formerly superintendent of
the Trade Dollar mine, Silver City, Idaho; also former Chair
man of the Board of Denver, and Colorado Springs Mining Ex-
Secretary, Webster Bishop, of Bishop, Hutchinson & Co.,
Bankers & Brokers, Goldfeld, Nevada.
Treasurer, j. l.. Lindsay, Cashier of the State Bank &
Trust Company of Goldfeld, Nevada.
The purpose of this corporation is to operate leases and
the Company has secured a 10 months lease on a block of
ground 200x670 feet, being the extreme north end of the fam
Gus Mohawk No. 2 claim on which at the present tim. 10 leasers
are operating with power hoists and some Of them with air
drills and producing nearly 81, 0oO,OoOOO per month. 1t is the
busiest piece of ground and the greatest producer in the United
States and possibly in the world.
The lease above referred to is believed to be one of the
choicest parcels of ground on the Mohawk No. 2 and is the
largest tract of ground now held by any one interest on that
famous property. There are a series of veins outcropping on
the surface, some of them making functions on this ground. On
the south line of the property is being operated the Rickard-Mc-
Naughton lease, part of the famous Kalfus lease, the veins from
which they are taking fabulously rich ore, run directly into the
side line of the Richard Mohawk ground. Next to the Kalfus
lease is the Bradbury lease, which is just beginning to ship and
has within a few days made what is considered a very import
ant strike of rich ore. To the southeast is the famous Ish-Sheets
lease, which is shipping nearly 100 tons of ore per day averag-
ing better than 800 per ton. To the southeast and cornering
on the property, is the Higginson lease on the Gold Wedge, on
which has recently been opened ore running from $1,500 to
$4,000 per ton. Directly to the north and adjoining, is the
Nesbitt-Meyers lease, which has just opened a rich shoot of ore
on the 100foot level, the vein of which dips right into Richard
Mohawk ground and should be tapped by a shaft before the
200-foot point is reached.
In addition to securing this property, the Richard Mohawk
Leasing Company has also secured a controlling interest in the
Kafus lease on the Gold Wedge. This property adjoins the
M lease on the east, the famous Jumbo on the
West and the Higginson lease above referred to on the north,
the vein of which is sure to run through this property as in
dicated by the workings on both leases.
DEVELOPMENT WORK
The Richard Mohawk lease has one shaft 16O feet deep and
600 feet of crosscuts, one of which has broken into a Ledge OF
good milling ore. 1t is believed that by drifting and crosseut-
ting high grade shipping ore will be opened on this ledge within
a few days. 1t also has an incline shaft IS feet following the
ledge outcropping on the surface. 1t is believed by the experts
of this company that a little further depth on this ledge will de-
VelOD euuallv as good ore as that now beng shipped by nearby
leasers. The Company is installing a gasoline hoist on the lou
foot shaft of the R~ickard-Mohawk property and has also begun
sinking a three-compartment shaft in the center OF the prop
erty, from which all the mineral lodes known to run through
the same can be developed, and as the lease has over III montns
to run, this will give the Company plenty OF time to make a
record production. This ground is considered by experts o be
the pick of the entire Mohawk property and the productlon
from it should run into six figures.
DEVELOPMENT ON THE KALFUs-GOLD WEDGE
A shaft has been sunk on this property to a depth OF loO
feet and a crosscut run for some 30 feet, which has tapped the
ledge from which assays run as high as $57. The Company IS
also installing a gasoline hoist on this property, and as soon a.
this hoist is in operation, which will be but a few days. TINS
1edoe will no orocco,t and drifted on Immediately, and 1t IS be-