The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-05-04

claim is the Iron King Fraction. adjoin-
ing the Iron King and near the Cowboy.
There is shipping ore on two sides If
the claim. Work has already been COM
menced on a ledge which is 4 feet on
the surface, and assays from $1.20 to
$40 clear across.
]. r., Delaware, ohio.-The Columbus
Nevada Mining company is a corporation
acting under a charter from Arizona.
Capitalization, one million, one dollar
shares. The company owns four un-
patented claims by purchase in the Belle
Helen district, Nye county, Nevada This
district lies directly south of the Clifton
district, which latter district is some 60
miles east of Tonopah. We understand
that the company is about to begin the
development of its properties and for
that purpose has raised $4,000 in cash,
which is now on deposit with the Capital
Savings &c Trust company, Columbus.
Ohio, the location of the home office.
This bank also acts as registrar and
transfer agent. Resident director, Mr..
J. A. Fultz, who Will have charge of
operations on the property will be as
sisted by Dan Wendal, a well known
miner. The company is Differed by
prominent and responsible men. The
president is Dan ]. Ryan, two term sec
rotary of state for Ohio. The company
has no stock for sale.
J. b. M, Lansing, Mich--The Gold
field Madonna has an excellently located
property, and If there is a mine there, 1t
will be found from the energy with
which the property is being worked.
Some 45O feet of drifting, trenching
and shaft work has been done, includ-
ing the main working shaft which is
down 90 feet. Twelve men are con-
stantly engaged upon the premises. A
heavy ledge traverses the claim, and
assays at so feet were obtained running
as high as $5,961, while the lowest as
say ran well above $50. These assays
were taken from a solid quartz ledge.
At the 90-foot point. or in the bottom
of the shaft, the ledge split and the
operators are now prospecting on both
sides of the shaft to recover the values.
Crosscuts have been run one way 20
feet and 80 feet the other. The treas
ury has about $4,000 cash and 100, 600
shares of stock; there is no indebted
ness.
]. s. B., Pittsburg.-The Tokop-Key-
stone owns 200 acres in a block in the
Gold Mountain district, and is being
worked energetically. Pittsburg CAPT
talists are behind the company, which
has unlimited means to make a mine
whatever the cost. The workings con-
sist of an incline shaft 100 feet deep,
and several drifts. Recently, however,
+ba inolipa shaft woc abandoned and q
vertical shaft started, which will be
sunk to a depth of 800 feet. The shaft
has. already attained a depth of 100 feet
and a drift is being run to catch the
vein. The shaft is 4kxS feet and is
timbered solidly from top to bottom.
This is not a stock propositions; all the
stock is held in Pittsburg, and no stock
of any kind is for sale. AS soon as the
mine is opened UP, a mill will be con-
structed, for there is an assurance of an
abundance of good milling ore.
J. S. w, New York.-The Great Man
haitian Consolidated Mining company is
capitalized for 1,5OO,O 900 shares. par
value one dollar, of which 500, 900
shares were originally in the treasury.
Owns about thirty acres, $500 feet
southeast of the Manhattan Consol-
dated. A shaft has recently been
started on the property and is now
down so feet, disclosing a ledge 20 feet
wide. Assays show values at the sur
face and good paintings are said to nave
been obtained. The president of the
company, who has recently been in
Manhattan. bought two more claims for
the company north of the town, near the
Crescent claim. There is $4,000 in the
treasury and as much more due on in
stallments.
A. B. L., Pottstown, Pa.-No work is
being done on the Black Rock at pres
ent, but within the last few days a con-
tract for sinking 200 feet was COM
pleted. the work paid for, and something
over 1000 is left in the treasury. The
treasury has also some 200, 900 shares
of stock and no liabilities. officers of
the mpan say that it was the inten-
ton to have continued work, but that
the present depression had deferred
them from doing anything definite. The
is we'll located, and with a
reasonable amount of prospecting a
mine is likely to be developed. Outside
of the shaft of 200 feet, only a small
amount ol prospecting mas Deen uOne.
A. r. B., gainesville, o.-The old Bulls
and Bears company sold all it's acreage
to DR.. c.. V. Norcross, of Butte. Mont.
The purchaser did not take over the
corporation. hence the purchase price of
the property went into the treasury,
and we understand will be distributed
as a cash dividend. The amount re-
ceived for the property, we understand,
will permit of a dividend of about 3
per share. Stockholders should
communicate with John Huber Nee,
attorney for the old company, S. w.
Corner. Clay and Fillmore streets. San
Francisco. Cal.
+. s., GAINESVILLE, o.-The Goldfeld
Mining company own the Frisco
Goldfeld estate lying south of the Lone
Star and west of the Simmerone. They
also own the Bee Fraction. located east
of the Florence n adjoining the At
lanta estate. Their holdings are all in
side territory and with development the
chances strongly favor their becoming
shippers. The Bee Fraction is being
developed by lessees, who are securing