The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-30
How the Bonanzas Of Gold6iield Are Located
TWO GOOD PROPERTIES.


trict. 1t shows in detail the location of
every important mine and prospect
around the greatest of gold camps, so
that the reader may tell at a glance
just where any property in which he
may be interested is situated. A special
effort has been made in this instance to
show where the late Sullivan promo
lions, the Silver Pick Extension and the
Lou Dillon, may be found.
Any mining man will tell you that a
great deal depends, especially in the
Nevada country, on the location of a i
prospect. If it is far from the great
mineral zones that traverse the ground
the prospects of its developing into a
paying proposition are remote; though,
truth to tell, in a country of such won
derful possibilities as Nevada has
shown itself to be, it appears always to
be possible to find pay ore, and that In
the most unlikely localities.
All things being equal, however, the
man whose claim is nearest to the
claims of the pig producers is the man
who is most likely to develop a big pro-
accompanying map shows that the Sui
livan Trust companys properties are
ideally located. Observe their proximi-
to the Mohawk, the Combination, Silver
Pick and Goldfield Mining companies.
The Mohawk, as is known to every one
who is at all interested in matters per-
tanning TO mining, is probably the
greatest gold mine the world has ever
known. Millions of dollars worth of the
precious mehal have already been ex-
tracted from this marvellous property,
and those who have been permitted to
look at its reserve ore bodies declare
that millions more are awaiting ex-
traction.
Dozens of individual fortunes have
been made from leases on small bits OF
Mohawk ground. A single leasing COM
rany is now preparing, and has about
completed. the greatest shipment or
gold ore in the history of metal mining.
This gold ore will aggregate a million
dollars in value. Less than a year ago
shares in the Mohawk Mining company
were selling under dollar each. With
in the last few weeks those shares have
scid around SIS. Higher figures are con-
fidently expected before the big $4,000
00e merger that has been agreed on is
perfected.
The Lou Dillon ground Of the l.. NJ.
Sullivan Trust company is believed to
contain ore of the Mohawk class. More,
experts who have examined both prop
ertIes are absolutely confident that
when depth is attained i'm the Lou Dill
lon it will develop into one of the great
est bonanzas in the GOidfield districr.
So certain is the mana cement of the
company that rich values win be dis
closed that three shifts of men are now
at work sinking the Dillon shaft.
The biggest electric hoist in the en-
tire district-it has q capacity of 100
horse power-has been purchased and is
now ON the ground in process of install
lation. By the use of this hoist 1t will
be possible to lift 1900 pounds of rock
$50 feet per minute. The intention is
to continue sinking the shaft until a
depth of 1000 feet has been attained.
Then the real work of exploration win
be instituted.
Assays showing constantly increasing
values are being returned as the shaft
goes towards the deep. Some of the
shrewdest mining men in and around
GoIdfield have purchased large blocks
of Lou Dillon stock, and will hold it to
await developments. They believe in
the property because of its location,
and because they are certain that the
men who control and operate it will do
SO with Judgment and discretion.
The Silver Pick Extension Mining
company is another l.. NJ. Sullivan
property for which the highest hopes
are entertained. At present a main
working shaft is being sunk, and there
is every prospect that gold ore of great
value will be encountered before the
sinking has progressed very far. The
Silver Pick Extension, as the map
shows, adjoins the Silver Pick and the
Lou Dillon. Shares in the Silver Pick
have sold as high as 81 each, and more.
Even during the recent holiday slump
ia Nevada stocks Silver Pick Extension
and it's neighbor, Lou Dillon, stood
steady.
This because of the confidence felt by
those on the ground in the management
and the character of the properties. 1t
is not, of course, possible to declare
with the positiveness one attaches to a
prediction that the sun will rise tomor-
row, for instance, that the Lou Dillon |
and the Silver Pick Extension will be
bOnanzas.
1t can be said, however, that the in
dications for their prosperous develop |
ment are great deal more favorable |
than were the indications for the devel- |
Opment of the Mohawk and the Silver
Pick into bonanzas. The ground has |
now at least been proven. 1t has been |
shown TO contain tremendous values at
depth. The people of Goldfield know |
that; the world knows it, Therefore, if !
Mohawk was worth a dollar a year ago, |
Lou Dillon and Silver Pick are worth |
today considerably more than the price !
at which stock in these corporations |
he, 70 ad an ha yo4l