New-York tribune., 1906-05-20

the officers OF the Bullfrog Rush Mining Company
have consulted all OF whom are conversant with the
history OF the Homestake, have supplied facts and
figures from which comparison may be made Of the
Homestake with the Rush. regards ore bodies loca
tOn' ptO14tnIty 20 4O@us. - a .,
Suel supply and future prOts in the reduction OF the
ore on the property. The HOmestake mine Is
grinding profit Of over million dollars year
ore from which the net recovery IS nom 1888 20
sss6 per ton. and the facts apparently the
belief that the Bullfros Rush has tremendous ad-
vantage.
Estimates as 70 the grade OF ore that can be mined
and milled at profit in Bullfrog from s120 to
81 per and the Of opinion Of the great
suited the subject is that s4 viii be mined and
nilled Bulfrog within the next twelve months az
a profit. and this is believed to be conservative
statement. The cost OF mining and milling the
Of the Homestake is from S115 20 So per to2. The
Orc FinO Mining Company In the Black Hills mines
and mills at a total cost Of csc per ton The
Alaska Treadwel mines and mills its at OF
81 to S1.z5 per ton.
In the Homestake mine they are milling 1000 tons
Of ore per day and drop 1000 stamps. The Home
stake is paying dividends Of S12OOOOO per year The
company Is incorporated for s22.OOO.0OO. The par
value Of the shares originally $lOO and they sold
Ior S The company Is paying dividends at the rate OF
Sc share 600 per cent per year profit
annually on the original investment OF the stock
holders.
When development work on the Homestake was
commenced Il was found necessary 20 ship supplies
for the mine by wagon and mule team 326 miles nom
Cheyenne At the start IL cost the Homestake 81 per
stamp per week for water. Water was later located
thirty miles away from the mine and Diped into
tremendous
was no wood at first 70 be had except from distance
Of twenty five miles
Water can already be had In BuIIfrog from a dis
taee OK three miles and is already piped into the
town by three different companies and can be had at
nominal cost Wood is expensive and brought from
distance Of twenty-five miles However before the
BuIlfrog Rush Mining Company's bodies can be
blocked out and mill erected. which il Is expected
will be within half year. a railroad already surveyed
and now being built into the town from Las VEGAS
Nevada. connecting with Salt Lake and Los Angeles
will have been built. and two other railroads
present engaged in surveying and building into the
town. promising three roads in all within wear Low
rates are promised for crude oil with which to run
the mills, and the tremendous supply being
at hand. 1t is believed that milling can be done at
from soc to $3.50 per Of even lower value
than those now treated by the Homestake mills can
be mined and milled in Bullfrog at a profit
To give an idea of the reasonable cost OF water
now supplied on Bonanza Mountain. the following
fact is submitted: Water for S5 miners and horses is
being delivered by water-wagon AZ the F3,,Ifro
Rush mine at a total of SS5 per month
The property of the Bullfrog Rush Mining Com
pany contains number OF splendid milling sites ans
the crest Of the mountain which the Rush gro,,o
OF claims is situated is at elevation 1000 feet
from the desert fat The center of the groUr is 0O6
inea feet from the desert fiat The fall OF the n,o,n
tain TO the such that any amount ~ railr
sides of the mountain make perfect tobosgan sIda
NIL! can be erected along the west flank OF rho ,o
tam at sucn point that water can be pped and ore
DC delivered by gravity Delivering ore by grayrv
makes the handling OF it practically autou1attc
professor Bailey is confident thar Fuufrog Rus,
ore can be mined and Hled for as low as 81 25 Dsr
ton provided mill OF 500 capacity per ]av -
erected This would cost 100000 and 5r;+,f -, =
next sixty days when development work viii 49,
POceeOed apace the question Of what capacity OF mill
shaiI De erected and the site for the mill VIII b. 1
termined upon by the directorate.
"A telephone line is beiEg installed On 4bo -.
slde OF Bonanza Mountain connecting the gnuTroS
Rush Mining Companys works with the toTrr -
Rhyoite, half mile distant which is W. v,o -1 ' %
OF the Bullfrog mining district '''S