The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-05-11
Investment Department
Continued from Page Two.)

un later Superintendent of heH Harvey Peak Mining COMPANY in the Black Hills that worked $50
tons per lay in its mills and other experts on the ground, with whom the officers of the BunfDg
take have supplied facts and figures from which comparison may be made of the Homeuakew with
the Rh as regards ore bmes location proximity to railroads. n@nes to alter and fuel supply,
md future profits n he educton of thee re on the property. The Hom@takem mine is now grinding
out a profit of over a million dollars a year on oefr rom which the net recovery is from 1883 to 46
pm ton and the facts apparently warrant the belief that the Bunfrg Rush has temenodsa dan-
he
Estimates as to the grade of ore thatG be mined and mmed at profit in BunhOg vary from
who have been consulted on the bIc is that's 400 ore will be mine ad. filled in Bmhog wiMn
the next twdve months at a profit and this is believed tb be conservatives statement The cost of
mining and Milling the ore of the HomeNake is from $l15to 5000 per ton The oUF Mining
Company, in the Black Hills mines and mills its ore total cost of 90 cents per ton The Alaska
Tradwen mines and mills its ore at cost of $100 to $25p per n
In the HomeHake mine they are milling 1900 tons of ore per day md drop 1000 stamps The
HomeNake is paying dividends of $1?W0W per year The: company is incorporated for $200OO00
bends at the rate of SO per share per year or 500 per cent prof annually on thee original Investment
of hes stockholders
When Development work on the HomeSske was commences it was fd necessary to, ship
for the mine by wagon and mule team 26 miles, from Cheyenne At the start it cost the
mine and pd into. the mills on the ground at tremendous expense There wa. no wood att first to
be had keep irons distance of rs niles
Waite can already bel had in Bunhog from a distance of three miles, and is hadyp ed into
town by three different companies and can b.. had at nonna cost Wood is expensive and
brought from a distances of 25 miles However, eMe the Bunfpg Rush Mining Companys ore
b@ car be blocked put and MILL erected which it is expected will be within half year railroad
already surveyed and now being built not town from Las Vegas Nevada conn@tngwh with Salt
ving and building into the town. promising three roads ina all within year. Low rates. are promised
for cde oil with which to rn 1.-THE mills and tremendous supply of water being at hand it is be-
those now treated by the Homakem mills can mined and med in Bulog at pft
To give an idea Of the reasmabec cost of alter now supplied onB Bonanza Mountain, the follow
ti submitted: Water for IS miner and horses is now beg delivered by water wagons at
Bunhog Rush mine at total cost 1851 per month";
The property of the BuIhDg Rush Mining Company contains a number of splendid milling
sites and the crest of then mountain which the Rush Grup of claim is tuatd is at an elevation of
1000 feet. from the dsetft The. enter of the gp is 5000 hel feet from the desrtfat The
fall of the momntan to the desert is such hata any amount of "tahngs' can be g@n rid OF by
gravity without cost. Thea sides of the mountain make perfect opggn Ae a mil can De e@@1
gravity Delivering ore by gravity makes the handingo practically automatic
Prof Bailey is confident that Bunfrg Rush ore can be- mined and mihd TO as low as $125
per ton provided a mill of 500 tons capacity per day erected This would cost $EUpWQ and within
the next aty days when devdopmentw work will have proceeded ape the question Of what apae
Hy mill shall be eteda md the sef for the mill will determined upon by the Directorate
Bunnog Rush Mining Company works with the town of Rhyohte hhfa mile distant which the
of the BulfogM Mining District