The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-11-24
MAYFLOWER AND
STARLIGHT MERGED

-
Rhyolite. New, Nov. 21.-The Mayflow-
er and Starlight properties have been
consolidated on a s2.0oo. 900 basis under
the name of the Mayflower Consolidated
Mining company. and it is currently re-
ported on most excellent authority that
Charles NJ. schwab has secured the en-
tire first issue Of the new organizations
treasury stock. a representative of Mr.
Schwab recently made an examination
OF the properties and his report is under
stood to have been very favorable.
AT a meeting of the stockholders just
held il was unanimously voted to con-
soiidate since the properties lie compact,
can be operated as one more economic
ally and nave heretofore been controlled
by practically the same people. The
necessary steps have been taken to
transfer the holdings to the Mayflower
Consolidated Mining company. a South
Dakota corporation, with the following
officers and directors: w. a. Stevens.
president; A. c. Eisen. vice-president;
John T. overbury, secretary and trea-
surer; Judge l.. o. Ray. Roger CHECKER
ing. Walter Starr and IL. G. Mcmahon,
directors.
The basis of the consolidation is as
iOAl0NE AC ia 49, F+@
flower and Starlight are to receive share
for share in the merger for their re-
spective holdings in the former compan-
les. The new company has a treasury
of 400, 900 shares. and il is understood.
a large reserve in cash. Just as soon
as the books are received a transfer Of
flee will be opened in Rhyolite.
A policy of vigorous development is
- 10 tod aud n fS fha intention
of the management to erect a mill of at
least so stamps just as soon as condi-
tions warrant. Already over 1000 feet
of development work have been done
on the two properties revealing an inn
mense body of medium grade milling ore.
The vein which is continuous through
the acreage of each, is from $50 to zoo
feet in width with an ore average which
will not fall far below $50 to the ton
in gold. A consolidation shaft of two
compartments will be sunk on the divid-
ing line. Just below this on the side
hill a millsite has been chosen. An easy
ore handling in this way will be effected.
A substantial strike has just been
made in the Victor Bullfrog. revealing
ore which runs from the mill grade to
the pictures. The %uncovering vas made
/ at the Surface on liz OilNC II. OidhAh oh0
General Manager Milliken states that
of the numerous assays which he has
made an average will strike somewhere
between $500 and $500 to the ton in
gold. The highest assay which came from
a picked sample was $3.50. The min
eralized extent of the uncovering is four
feet, with a picture pay tense of about
eight inches. Drifting has already been
started upon it. The main tunnel is now
in $50 feet and is expected to reach the
rich shoot at a depth of 800 feet in about
so feet further. Aside from its individual
importance, the strike extends the min
eraIized area on the north end of Bo-
nanza Mountain and brings this locality
into prominence.
The Gibraltar is preparing a shipment
of high grade ore which will be ready
TO move in a few days. 1t will consist
of about 40 tons and is coming from the
No. 2 level. The average is not known,
but representative assays, Superintend-
ent Nelson states run from $500 to
/ Sc, 1000 to the ton in gold. The rich
streak measures about two feet in width
and will all do to ship. General devel-
opment continues at the Gibraltar with
a crew OF 80 men.
The Gold Bar is getting some very
rich material in the north shaft at a
depth of so feet. OF twelve assays made
from ore taken from this locality, super
%intendent Bedford states that the lowest
was $165.75 and the highest $1,206.22.
This rich shoot will be opened at depth
by the lower levels. The high grade is
being sacked and a shipment is rapidly
+ aetparIatiu