The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-12-29

J. n. r, Montoiair. u. 1.-THE Black
Butte Bonanza continues to develop its
estate and. having sunk a shaft to the
eighty-foot point, drifted for some forty
feet along a three-foot ledge. The man.
ager says that the values go from SIS
to $27. A contract was let a week g
for the sinking of the shaft to $50 feet
at which point prosecuting will be done
Hoisting machinery will be installed
within a short time. The company states
that the treasury is well supplied with
funds. 1t seems probable that good
progress will be made in the next half
year, and that with depth a good grade
of ore may be encountered.
y. II, Hancock, Maryland.-The Bull
frog Combination company has a group
of claims on Bonanza Mountain, adjoin-
ing the Rush.. Some work is now being
done and 1t is understood that the COM
pany will proceed with development.
The lodges are similar to those on the
Rush and adjacent properties. and the
surface showing is said to be fair.
The Montezuma Goldheld No. l Min
ing ompany is developing ground In
the Montezuma district ten miles west
of Goldheld. Work was started in May
of this year. A 265-foot tunnel has been
driven and sulphide ore averaging about
$40 encountered. The ledge is over
eleven feet wide. Copper ore has also
been struck in this tunnel which went
sos to 29.01 per cent. The company
has, in addition. started sinking on its
Last nance claim. where a few feet
tolN-, c..rfaan hf.h .rodo oannar nra
was encountered. ]. F. Mitchell of Gold
field is president. The Montezurna dis
trict is a promising one. and the outlook
for this company is good.
w. \. H., Butte. Nont.-The Combina-
ton Mines company Is a close corpora
ton and hence there are no market
quotations of its stock. The Combina-
ton Fraction and Combination Exten-
sion nave no connection with the first
named company.
n. K, Peoria, H., and W. q. r., INDIE
pendence, cal.-Questions are answered
elsewhere in this column.
A. d. D., Montgomery, Pa.-The Flor
ence Mohawk Leasing and Mining COM
pany owns three leases all of which
are being operated. The lease on the
Florence, which is located about 800
feet south of the Florence c~ompany's
workings. has a hoist and a shat is
down 225 feet. Sinking is proceeding
with three shifts until the 25O-foot
point is reached when prosecuting will
start. The management says it is ex-
pected that the Florence company's
main ledge will be cut. On the Jumbo
Extension company's estate the COM
pany owns a lease and has put a shaft
down 40 feet. A hoist is in operation.
On the C. o. d. property another lease
is being worked, and the shaft has here
been sunk so feet.
This company also owns 20 acres in
the Montezuma district which are being
developed and on which good values
have been found. The stock will be
listed on the Goldfeld Stock n Ex-
change Board shortly. The mpa
states hat it has ample funds to con-
tinue development work with. It's pros
poets are as good as any leasing com
pany at the same stage of develop
ment. The Goldfeld Fargo ompany is
a meritorious enterprise and owns a
group of claims in the Gold Mountain
district. 1t owns a lease on the C. o. d.
company's ground which it is develop
AAA5 oho win Al6
results.
N. Z. B., Denver-The January Jones
Company's lease on the Cornishman is
being developed continuously and the
shaft is now dow 225 feet. At the
170-foot level drifting has been under
way for some time and from these
workings ore is being extracted. The
lease has already made two shipments,
the first averaging $40 to the ton and
the second $40. Two shipments are
also on hand now, and the management
says they will average considerably
better than the preceding ones.
There is a little or no cash in the
treasury, but, when necessary, money
can be raised by a further issue of
stock; and therefore no dividend can be
anticipated for som time.
L. N, Boston, Mass-The firm you
name is a reputable one here. 1t has
floated a numbe of companies in Gold
field and outside camps, none of which
however. has yet distributed any pro-
fits. Those connected with the firms
technical department are experienced
men. A new map of the Goldfeld dis
trict will be published shortly after the
new year.
=. Z. B., Chicago, u1.-Railroad con-
nection with the South will be effected
probably by the end of February. The
Atlanta c~ompany's property is located
a short distance east of the Combina-
ton mine. The company has a shaft
down $50 feet and now awaits the arri-
val of a hoist. There are also seventeen
sets of lessees at work all of whom will
go down $50 to 800 feet. On one lease
the SHAFT is down $50 feet. Almost all
of them have hosting machinery.
W. +. r., Boston, Mass.-The Domin-
ion Mining Company's estate has the
usual surface indications and promises
to develop well. There are some big
outcrops on the ground. Considerable
work of a superficial character has
been done by lessees who, it is reported,
uncovered a body of ore which was
later lost by faulting. The company
states that 1t has ample funds for extern
sively developing the property at depth.
@. d. T., Bad Axe, Mich---rhe firm
you name is well considered here.
j. q. r., q Francisco, Cal.-Elmer
Chute will shortly have a new map of
the Goldfeld district published. You
will see 1t advertised in the News"
G. J. B., Alma, xansas.--we cannot
any individual brokerage
Write to any of those advertising
In the News and you will be properly
treated. Stocks are purchased on mar