The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-29
MINES N
Weekly Review by r. n. Dorsey

/ have been encountered. both of which
give good values. but have not been
explored or proven up. The main shaft
is down 2so feet. at which point a vein
has been encountered. which gives as
say values Of sss. This property is fast
becoming a mine, and we consider its
shares around soc. the best buy in the
entire BulIfrog camp. All of the original
ownership stock is closely held. the only
stock on the market, IL that which was
sold to secure funds for the develop
ment OF the property. The buying of a
few thousand shares will push the price
of this stock up around 70 to Soc You
had better get in before the advance
takes place.
MAyrLowER.-There has been a
decided demand for these shares the
past few days. with but light Offering.
The reports from the property are to
the effect that 1t is looking better. and
that good ore is being saved.
LICE HAnnrs-This football of the
brokers during the dull summer months.
is in demand at 3 to &c, and is being
bought by the same brokers who were
selling 1t at to Inc less than four
months age. The property is worth
more money than the shares are selling
/ for, but I understand there are neither
funds or stock in the treasury. The
question is, how are they going to get
money to develop?
GOLD HAR-The showing on this
property is steadily increasing. and the
amount of ore In sight, of milling grade,
runs into millions. In addition to this
they have enough high grade ore that
will stand transportation charges as
soon as the railroad is within a reason
able distance, to more than justify the
present selling price of the stock. with
out counting the milling ore. The re-
cent development of water at Mud
Springs solves that question. l hope to
see a Mill put up on this property at an
early date, and believe Gold Bar will be
one of the big dividend payers of the
Bullfrog camp.
MONTGOMERY : sHosXoNE Ex-
TENSION. q. o. Mccormack, Presi-
dent)--This company W the Emerald
and Ruby claims or Montgomery noun
tain. 1t is only ITO feet from the end
line of the Emerald to the Shoshone
claim of the NEUTRALITY-SUSPICIOUS. Con-
solidated. 1t was the first patented
property in the Bullfrog camp. On ac-
count of the similarity in names, 1t is
often confounded with the shoshone Elk
tension Bullfrog Mining company. OF
which John r.. Cook. of Butte, Mont. is
,raotJant and which NUNS nr0narfv
about a mile northeast of the Mont
gomery-Shoshone Extension ground. So
far as I can learn. there is no work be-
ing done on the Shoshone Extension
property, while on the Montgomery
Shoshone Extension active development
work is In progress. The shaft is down
200 feet, assay values having been had
during the past week, running as high
as $92. A 25-h.p. gasoline hoist has
been ordered and will be installed at
once. This stock is listed on the San
Francisco exchange. the shares selling
around 16 and tic, at which price l
advise their purchase, for the reason
that the big quartz ledge in which the
the NEUTRALITY-SUSPICIOUS. Consolidated
has found it's rich values, crops out for
practically the entire length of both
the Ruby and Emerald claims, and 1t is
only a question of development before
this company enters the list of pro-
ducers.
Denver Annex, Montana Bullfrog.
Pilot, Peery-Montgomery. Nugget and
Yankee Girl, look cheap at present mar
ket prices.
GREENwATER RED BoY.-As pre-
dieted in my market letter OF last week
the original offering of the treasury
stock of this company will be largely
oversubscribed before this letter reaches
you. The shares will now have to be
purchased on the open market, and 1
advise you to get in at once If you ex-
pect to share in the profits that are sure
to be made. Furnace Creek is now SELL
ing around $3.50 and Greenwater Cop
per around $2.10. / believe Red Boy is
as good as either.
ROUND MOUNTAIN
All the reports from this camp al. to
the effect that development is proving
the properties to be more than the loca-
tors for them. The new system of
dry wash is an unqualified success,
and while this can only treat what
would usually be termed placer ground,
yet, the amount of money that has been
taken out Will go a long way towards
developing many or the properties. The
custom mill on Shoshone Creek will be
completed within a very short time. If
you do not own any Round Mountain
shares. l advise you to get in at once.
ROUND MOUNTAIN IMPERIAL
The shaft on the Mary McClane claim of
this ompany is now down so feet. 1t
will be pushed to the 100-foot point be-
fore exploring the vein. The treasury
shares of this company are on the mar
ket at 3oc. az which price / advice their
immediate purchase. The stock will be
listed on the Goldfeld Mining Stock ex-
change at ar early date, and I expect to
see an advance similar to that of the
Round Mountain Mining company.
NEVADA BIG LEDGE MINES co.
This company owns six claims of APP
proximately $50 acres. 3h miles south
west of Coaldale, Nevada. The surface
showing is one of the best that has ever
been discovered in the state. Every
mining man who has Examined it.
speaks well of it, and recommends it's
development. Assays from the surface
give values running from So to s343 to
the ton. The management is all that can
be desired, and preparations are being
made to start active development at
once. l have secured a block of the
treasury stock, which I am Offering to
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