The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-23

In view of the present extremely low quota
lions and the rapid decline of many of our
very best securities. 1t is natural that the in
weston in Southern Nevada mining stocks
should pause to inquire the causes which ara
responsible for such a condition.
A careful analysis of the situation reveals
a variety of reasons which have co-operated
to produce a decline of from 20 per cent TO
40 per cent compared to the prices which
maintained sixty days ago. That the mines
themselves are in no way responsible is
clearly evidenced by a personal examination
of our leading properties.
We have no hesitation in making the asser-
tion that the physical condition of all of our
producing properties is 100 per cent better
than it was six months ago. This is especial
ly true of Bullfrog and Goldfeld. Each days
development but serves to increase the inn
mense bodies of milling ore exposed in the
Bullfrog mines, while never before in the his
tory of Goldfeld, even in the palmy leasing
days, have the mines showed such great bodies
of ore both shipping and milling.
The mines of Tonopah have passed the
prospective stage; their ore reserves have
been developed to such an extent, that years
will be required to extract the riches now in
sight.
Let us for a moment briefly view the lead
ing Goldheld properties.
The management of the JUMBO mine has
been quietly prosecuting development for
months past, while many of our Eastern
friends, laboring under the illusion that moth
ing was being accomplished were exhausting
their brains with criticism, Mr.. Taylor was
quietly pushing development along common
sense lines. which have proved the most salts
factory results.
A shaft has been sunk 500 feet and the
famous ledge crosscut from every level. Three
feet of ore has been developed on the 200-foot
level averaging $3.50 per ton and on every level
both milling and shipping ore is being ex-
posed.
The E TOP is in better condition today
than ever before in it's history. Six feet of
$1,000 ore is shown in the north drift on the
165-foot lower level. But the wealth of the
property lies in the milling values which in
places have developed 100 feet in width.
The FLORENCE and are
daily adding thousands to the wealth of their
fortunate owners.
The MOHAWK, which has developed per-
haps the greatest body OF ore yet found in
this wonderful camp is hosting over 100 tons
of $50 rock every twenty-four hours.
In Bullfrog. the condition of the mines is
more than satisfactory, the ore bodies larger
and more permanent than were ever hoped
for by the most optimistic friends of the
southern country.
MONTGOMERY HOSHO has developed
the same great body OF ore on the 3OO level
which was cut on the surface. The crosscut
from the $50 station on the Gold Bar has de-
veloped the ledge so feet wide with better
average values than those found on the sur
face.
DENVER, RAMPS and ECLIPSE are
proven mines with tonnage enough in sight to
guarantee the continuous operation of a hun
bred stamp plant for many years.
NATIONAL BANK and BULLFROG MIN
ING are without. question, improving with
each months development.
The immense lodges of milling ore uncov-
cred on the RUSH has estab-
lished this mine as one of the great producers
of the future.
The ~BULLFROG WEST EXTENSION. adj
joining the Original Bullfrog on the west. is
another great property; from the shaft the
ledge has been crosscut 81 feet showing an
average of IS clear across.
Development of Manhattan properties has
shown equally satisfactory results.
The MANHATTAN CONSOLIDATED would
be world famous in any land.
The MANHATTAN CONSOLIDATED Ex-
TENSION although but little known outside
of the camp. has opened up a 40-foot vein of
ore, undoubtedly the extension of the Con-
solidated ledge. The Union No. 3 claim of
the Dexter has uncovered a splendid ore body.
The STRAY DOG, JACK. IN