The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-10-20

Rhyolite. New.
Additional Directors: Jack Adams, general superintendent of
the Amalgamated Copper Company, Butte, Montana.
R. P. Kelley, mine owner and capitalist, Butte, Montana.
BUTTE, MONTANA; RHYoLITE, NEVADA.
CoMPANY's ESTATE
The mining estate of the Butte and Greenwater Copper
Company consists of ten full claims located in the very heart OF
the Greenwater District, Inyo County, California. The claims
are Copper Bar Nos. /, 2, 8, A; Copper Eagles Nos. /, {, 8, 4,
) and 6.
The Investor Group, owned by Nash and Wallace, adjoins
the Copper Bar Nos. 1 and 2 ON the west. The Water View
Group. owned by Clark and Benson, adjoins the Copper Bar
Nos. 3 and 4 on the east. The Good Luck and Investor Group
adjoins the Copper Bar Nos. l and 3 on the north. The Iron
Dyke Group, owned by Kunze, divide or lie between the Copper
Bar Group and the Copper Eagle Group OF the Butte and Green
water corporation.
Beadle and Drake. The property to the east of the Copper
Eagle is owned by Clark and Benson. The War Eagle Group
and the Anaconda Group are one claim length north OF the
Copper Bar.
The Gold Note Group, which recently changed hands for
$250.00O, lies one claim length west of the Copper Bars, while
the Greenwater United Capper Co. lies two claims lengths west
= - : SURFACE SHOWING
The Copper Bar Group is traversed by two strong iron
capped lodges, with copper stained rock showing strong on the
surface, cropping out strong through the iron Gaping. The
strongest of these lodges is a continuation of the Death Valley
and Greenwater and the Greenwater United Copper Co. ledge,
which can be traced across the Gold Note and Investor Groups
into the Butte and Greenwater property.
There is a strong ledge on the Copper Eagle, running across
Eagle Nos 4, 5 and 2. 1t is the opinion of our engineer that the
ledge which runs north and south through the Copper Bars,
across the Iron Dyke Group, and thence across the Copper
Eagles, is the continuation of the Copper Helmet ledge which
ohONo hoduohd sciuOo III T.
Six assays taken from samples clear across these lodges
which crop for a distance of 1000 feet, run as follows in copper:
73 10 per cent; "a 10 per cent; 60 10 per cent; 1877 10
per cent; 214 10 per cent and 4 per cent, or a general average
GENERAL LOCATION
The property is located one mile from the Death Valley
and Greenwater in a southeasterly direction, and on the general
walked on from the Death Valley property across the interven-
properties, and then across the property of the Butte and
nwater estate. The property is a half mile southeast of the
GENERAL ABOUT THE
DISTRICT
The first work done in the District was on the property of
the Furnace Creek Copper Co. where a shaft has been sunk to
a depth of 800 feet. This Company had strong surface indica-
tons to start with, assays running as high as 80 per cent in
copper. Stock was put on the market originally at % cents a
share, and is selling today in the neighborhood Of $500, and
has sold as high as $500. The Death Valley and Greenwater
stock was out on the market the 18th of August, at 81 per share,
and is now selling around $3.50 per share. This Company is
capitalized at three million shares par value 81. The entire
property is selling today on the basis Of ten and a half millions.
Since the present owners obtained control of the Death Valley
and Greenwater, they have been working 60 men on the surface
and sinking four shafts, where the four gasoline hoists, which
are now en- route, will be installed
SHIPPING FACILITIES
The Tonopah and Tidewater, generally known as the
"Borax Smith extension of the Santa Fe, has surveyed a line
directly into the Greenwater camp; and the Clark road has also
surveyed a line from Johnnie Siding. Both these lines will be
IN operation by the first of the year. The Tonopah and Tide
water is now within 80 miles of the camp.
The management of the Butte and Greenwater Copper
Company is in the hands of the most experienced copper oper-
dent and general manager of this Company, is known through
out the United States, as one of the most successful operators
- SoppC AihiiuS. ne Id Deeu Will Ii DOStoud anu
Montana Company for fifteen years. To find out his record,
telegraph any bank in Silver Bow County, Montana.
q. q. Kineaid, treasurer of the Company, is one of the best
known bankers in Nevada, besides having had years of prac-
teal experience in mining.
Jack Adams, who is largely interested in the Company and
is one OF the directors, has been general superintendent of the
Amalgamated Copper Company interests in Butte since the
formation of that Company.
r. ?. Kelly, another director, has made an enormous for
tune IN copper mining in Montana within the past ten years.
CAPITALIZATION
The physical conditions of the Greenwater District are of
such a nature that the enormous amounts of money that has
been found necessary to be expended in ordinary copper mining
operations in order to get sufficient development to put the rank
and file of Companies on a paying basis does not hold true in
the Greenwater district.
The contour of the country is such, that the property can
be opened up by a system of tunnels. A tunnel driven on the
ledge for 800 feet, will give not less than $50 feet of stopping
ground. The modest capitalization, 100000 shares with 40
per cent of the stock in the treasury, will give ample funds for
the proper development of this Company, and we unhesitat-
lngly recommend this stock as a most desirable investment.
DEVELOPMENT
development work is already started on this property and
will be carried on continuously. The Company is sinking a
shaft on the Copper Bars and driving a tunnel on the Copper
Eagles.
PROSPECTIVE PROFITS
We believe that Butte and Greenwater stock will repeat
the history of the Furnace Greek Copper, Greenwater Death
Valley and United Greenwater in showing handsome profits
above the subscription price. Reservations should be made by
telegraph at our expense.
Al n