The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-23

o. H. D., 8ochegter, ~. E-Ine Golo-
en- Four Mining company owns three
groups of claims. IS in number In the
Montezuma district, besides a half In
terest in a group of 4 other claims OF
go acres. Work has been progressing
on the grounds of this company for
some time and with encouraging results
The claims are well mineralized and
show gold, silver and lead on the Votto
group; silver and gold on the Amalia
group. and gold on the Helvetia group.
The shaft on the Copper Carbonate
claim is timbered to the depth of 45
feet, where hard rock was encountered.
showing value. On the Red Lyon claim.
adjoining the Copper Carbonate. a con-
tinuation of the Copper Carbonate vein
has been found. Assays return $127.4O
according to Downer Brothers assays.
Nothing but the location work has been
done on his ground and the values are
found on the surface. Work was com
on the votto claim this week at
the point where the old Nevada inter-
sects the Mother lode which runs north
and south. A shaft is down III feet on
the Helvetfa claim. The rock has
changed from limestone to quartz which
assays $3.50 per ton so far. but as the
rock looks strikingly like that from the
celebrated Hayes & Monnette lease In
the Goldfeld district. 1t is expected to
increase materially in value. The Of
icers of the company are: Judge L.
willstaedt, president and general nam
ager. Frank links, vice president; E.
willstaedt, secretary and treasurer.
They appear to be working the property
~ III -AAzN~ah1A nrAonQnfG
of success. The management is capable
and honest, and we believe, will spend
the c~ompany's money to the best ad-
vantage. We understand the treasury
is not in very good shape for cash and
that the is attempting to re-
plenish it's cash supply by the sale OF
treasury stock. See issue of May 4 for
additional particulars.
I. M. B., Paramount, W. At
Berlin claims No. l and 2 at the extreme
eastern edge of the district about one
mile from Cold springs and the Pelican
and Midnight Stars group comprise the
territory of the Wheeling-Goldfield Min
ing company. The ground is well To-
Gated and while in a section as yet IN
proven bears the surface marks of high
naturalization. The trend of develop
ment in the Goldield mining district
is Just as rapid in the direction of Cold
springs as in all other directions and
it is only a question of time when the
ground in question will be much nearer
the heart of the district than now. OF
the personnel of the company's Of
fcers The News knows little. On the
Berlin claims an inclined shaft is down
- -uN-I a. A1s-~ AnrrfA6 an
steadily. On the Pelican and Midnight
Stars claims no work is being prose-
cuted at this time although openings
have been made in different places. The
ground doubtless contains mineral. 1t
being in this as in other mining VEN
lures merely. "Will the company find
it," Tt is believed the work is hindered
to some extent by a lack of n
J. w. p, Bent, N. M.-The promotion
company about which you ask is one of
the largest and strongest operating in
Go1dfeld.
L. G. F., Long Beach, Ca1--The Cold
field-Herald Mining company was incor-
porated under the laws of Arizona in
February, 1905. The capitalization of
the company is 1900, 900 shares of the
par value of 81 each. and of this amount
100. 900 still remain in the treasury. S.
w. Butler is president, Fred Beckwith.
and w. N. Howes, secretary.
The stock is registered by the Mercan-
tile Loan and Trust company of Los
Angeles. The company owns outright
the Black Wonder Nos. 1 and 2 and the
Goldstone Fraction. a total of about SO
acres adjoining the Goldfeld Great
Dop1 prnnartu The cnpnnanu ouunc tic
outright, free and clear of any
whatever. There is cash
in the treasury and bills receivable of
about 81. 900 at the present time. There
is no stock on the market for sale. The
work done on the property SO far has
been in the shape of surface prospecting,
trenching and "a tunnel which is in at
the present time less than 100 feet. The
property is exceptionally well located
and is worth, we believe, a great deal
more than it was at the time of pur-
chase. No salaries are paid to any of
the officers.
r. w, Bellevue, Participating the
reliability of the firm in question, would
say that they stand among the best pro-
houses in this community.
They are supposed to have large assets.
They have been uniformly successful
in raising money on all their properties
and spend a reasonable amount on their
development. The Manhattan Combina-
ton, Buffalo and Treadwel1 are well
located properties. They are being
worked and we believe they have fairly
good prospects. There Is nothing to
prevent a company over-is suing it's stock
unless 1t has a registrar or transfer
agent. A company composed of bank
ing interests a been formed in this
community to act as registrar or trans
for agents for companies. We nave not
been Informed how many companies
ave taken advantage of their services
We trust all of them will in time.
q. n. r, Anderson, q. CATER a
short ntermission work has again re-
sumed on the Goldfeld Noble ground.
A hoist has been erected n sinking is
now progressing fast. Five men are on
h ground. We understand work will
begin on the Heart of Goldheld next