Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-05-12

supply, hUl tutUiC pfOHtS IN Inc re-
duction Of the ore IN the property,
The Homestako mine is now grinding
out a profit of over u million dollars
a year on ore from which the net re-
coyery IL from 1888 TO s436 per ton,
and the facts apparently warrant the
belief that the Bullfrog Rush has
tremendous advantage.
Estimates as to the grade OF orc
that can be mined aud milled at
profit in Bullfrog vary from 81 20
1900 per ton, and the consensus of
opinion of the great mining engineers
now in Nevada who have been con-
suited on the subject Is that $500 ore
Will be mined and milled In Bullfrog
within the next twelve months at a
profit, and this is believed to be
conservative statement The cost %
mining and milling the ore of the
Homestake Is from Sl.l5 Ia $500 per
ton The ORC Elmo Mining company.
In the Black HIS. mines and mills
It's ore at total cost of 20 cents per
ton, The Alaska Trcadwell mines and
mills it's ore at cost OF SlOO to 5. %
per ton.
In the Homestakc mine they arc
milling 1000 tons Of ore per day. and
drop 1000 stamps The Homestake IL
paying dividends OF 81 100000 per
year. Tho company Is incorporated for
W. 200, The par value Of the
shares was originally 800. and they
sold for Sl00, The company is pay
Ing dividends at the rate Of So per
share per year, or $500 per cent per
year profit annually on the original
investment OF the stockholders
When Development work on tEc
Homestako was commenced II WAS
found necessary TO ship supplies for
the mine by wagon ana mule team 32G
miles. from Cheyenne. At the start
1t cost the Homcstake 81 90 per stamp
per week for water Water was later
located 30 miles away from the mine
and piped into the mills on the ground
at tremendous expense, There was no
wood at first to be had except from
distance of % miles.
Water can already be had I'm Bull
frog from a distance OF three miles,
aud II already piped into the town by
three different companies, and can be
had al nominal cost, Wood Is expen-
sive and brought from a distance OF
20 miles, However, before the Bull
frog RushMining companys ore bodies
can be blocked out and a mill erected
which II Is expected will be within
half year. a railroad already sur.
veyed, and now being built into the
town from Las Vegas, New, connect.
ing with Salt Lake and Los Angeles
will have been built, and two other
railroads are at present engaged In
surveying and building into the town,
promising three roads IN all within a
year. Low rates are promised for
crude oil with which to run the mills,
and the tremendous supply of water
being at hand, II Is believed that mill
ing can be done at from so cents TO
lj0 per ton. and ores of even lower
value than those now treated by the
Homestake mills can be mined and
milled IN Bullfrog at a profit,
To give an idea Of the reasonable
cost Of water now supplied on Bon
ANA Mountain. the following fact Is
submitted. Water for 80 miners and
horses is now being delivered by wa
ter wagons at the Bullfrog Rush mine
at a total cost OF 30 per month
The property Of the Bullfrog Rush
Mining Company contains number
Of splendid milling sites, and the crest
of the mountain on which the Rush
group of claims Is situated Is at an
CIV uNibi va lsNuN lftA Ilblll lIlf utftTl
flat. The center of the group Is 5000
lineal feet from the desert HAT. The
fall OF the mountain TO the desert is
such that any amount Of taillngs can
be gotten rid OF by gravity without
cost, The sides of the mountain make
a perfect toboggan slide. A mill can
be erected along the west flank OF
the mountain at such point that wa
ter can be piped and ore be delivered
by gravity. Delivering ore by grav-
ity makes the handling OF IL practi.
cally automatic.
Prof. Bailey Is confident that Bull
frog Rush ore can be mined and mill
ed for as low as l.25 per ton, provid-
ed mill Of 500 tons capacity per day
is erected. This would cost $4,000
and within the next 60 days, when
development work will have proceed
ed apace the question OF what capa-
city of mill shall be erected and the
site for the mill will be determined
upon by the directorate.
A telephone line is now being in
stalled on the west side Of Bonanza
Mountain, connecting the BullfrOg
Rush Ming company's works with
the town Of Rhyolite, half a mile dis
tant. which Is the metropolis Of the
Bullfrog Mining District