Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1906-08-25
'MANHATTAN'S RICH COPPER
Bonanza and TOquima Copper COmpany'S Fine
Showing at East Manhattan

F. T. Torpey, of the brokerage firm of McElvaney & Torpey of
Manhattan, was in town this week and sold 500O0 shares of the stock Y
of the Bonanza Copper company which has A claims at East Manhattan, Y
the Bonanza, the Bonanza Extension, the August and the Arcola, adjoining y
the property of the Toquima Copper company. The company, which is \
capitalized for 1,OoO.O 900 shares of a par value of 81 each, is the hotaton of Y
McENaney& Torpey and its prospects are exceedingly bright The property y
was bought from two Savonians, Peter Bagoy and Peter Bangar, who \
were the original locators, and promises to turn out a bonanza in fact as !
we'll as in name. Assessment work for on year has been done and the Y
property has been explored by means of open cuts, thereby disclosing the \
fact that the ledge from the Toquma companys property runs onto the !
Bonanzas ground. This ledge is 7 feet broad and gives values of $2 in
gold and silver and shows A per cent in copper. The ore is "copper" sulphide y
and specimens of it may be seen in the office Of the Tonopah Bonanza and
in the premises of the, Tonopah Banking Corporation. The ledge runs up \
the side of a hill and no shaft will be sunk, as it has been decided to develop
the property and get out the ore by driving a drift on the ledge straight
into the heart of the hill.
So convinced is the company rs to the merits Of the property that it
will take visitors to the ground at its own expense, paying all the cost Of
transportation from Manhattan, 6 miles to the west, or from East
Manhattan, 8 miles to the west. Two shifts of men are now at work and a
third will be added as soon IS arrangements can be made for getting rid of
the powder smoke by means of blast furnace The directorate Of the new
company has not yet been definitely settled, but it is hoped TO announce it
very shortly.
AS already stated, the property of the Toquima Copper company adjoins
that of the Bonanza. 1t consists of 6 claims, all with lodges showing copper
blossom, entitled the Kondyke, the Alaska, the February, the Marcine,
the Vma and the Yukon. A shaft is down n the Klondykes ledge to a
depth of 70 feet This ledge, while only 3 feet broad OF the surface,
! broadens to IL feet at the 4Ofoot level, and at the 6Ofoot level the hanging
! wall was lost altogether. Not only does the ledge get wider with depth,
but the values also increase. At the 4O-foOt level the ore goes IS to the ton,
in gold and silver with per cent copper, and at the 6O-foot level Sc to the
ton in gold and silver with 6 per cent copper. suphides made their
appearance at the 1Ofoot level and continue down steadily.
On the Marne, which adioms the ground of the Manhattan Treadwen,
an open cut has disclosed a 2-foot ledge that gives assays of $50 in gold and,
silver in a typical Stray Dog spar. The officers OF the company are W. j.
Stock, president; 0mer Mars, vicepresdent; J. G. McEvaney, treasurer
company's depository is the Bank of Manhattan. Mr.. Stock is the
! prominent merchant of Manhattan and Tonopah, connected with the firm of
Il Cuuu W oJchs Omer WARTS Is d very Experienced INNING man, having
mined in the Klondyke before the rush of 98. He paid.the two Slavs who!
located the claims $4,000 spot cash for their holdings. Frank Humphrey
is known to fame as one of the pioneers of Manhattan. McElvaney G.
Torpey were among the first brokers to enter the Manhattan field, and bear
an enviabe reputation az competent handlers of high class properties.
The company is capitalized for 10000 900 shares of par value of 81 each !
100000 shares being in the treasury. McElvaney & Torpey, who are
handling the stock. succeeded in selling no less than 100000 shares in one
day at Manhattan alone,
The two companies in conjunction will at once proceed to the erection
of a S20,O 900 concentration, capable of treating 400 tons a day. Mr.. Brooks,
4 of the Risdon Iron Works of San Francisco, has been approached and has
undertaken to have the plant set up and in working order in six months
The two properties have been examind by W. o. Pray, the California min
ing expert, George Hopkins, a mining engineer of international repute, and,
= Grant Davis, recently engineer for the famous Copper Queen Company of
! Bsbee, Arizona. All three gentlemen are unanimous in declaring that
Z almost pure sulphides will be found at water level. Mr.. Davis considers
4 that it is IS good a copper showing as he has ever seen, if not the best, and
} states that the ore is identical with that at Bbbee. He gives it as his
! opinion that both mines will be selfsupporting and paying dividends within
\ six months.
y A striking proof Of the confidence inspired by the East Manhattan dis
v trct and the belief mi its ore-producng capabilities entertained by shrewd
Y canihists and railroad mems the fact that from the line which the manage
\ ment of the Tonopah & 6ohifefd railroad intends to build between Godfeld
W and Battle Mountain through the Ralston Valley a spur will be thrown out
Y to connect the main line with East Manhattan.