Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1906-06-02
SCHWAB BUYING
MORE PROPERTY
Reported He and Montgomery In
vest in Emigrant Springs.

1t is understood through reliable
sources that E. A. Bob Montgomery
and the Schwab contingent have taken
over the Ramsey and Thompson Emf
grant Springs holdings at figure around
500, 600. This property embraces "a
claims recently brought into promi-
nence by an exceptionally rich strike.
The conclusion is based on the fact that
a secondary option, to become operative
at the expiration of the one held by the
Schwab people, was held on the same
acreage. The Schwab option expired
on the 18th ult., and no notification has
been received to the effect that the
SECOND option Is in effect.
A rich strike has just been made in
the Bullfrog West Extension, a property
adjoining the Original Bullfrog mine.
Rich material was encountered in the
drift from the O-foot level at a point
about 65 feet in. The rock is literally
despatched with free gold, and while
no assays have been made a conserva-
tive average return will approximate
$500 to the ton. The material is SINH
lar in character and appearance to that
found in the Original Bullfrog. 1t bears
the same notified greenish color, re-
sembling that of a bullfrog, from which
the district was originally named.
Planned, the content is very course,
among the coarsest yet discovered in
this mineral section. The entire face of
the drift shows this material and the
major portion of it carries the same
average high values.
An %uncovering has just been made in
the face of the crosscut zeal where a
connection was recently made with the
winze in the Rush property, which car
ries an average value of $37. so. This
connection was made from the north
lateral to the main crosscut tunnel,
a vertical depth Of as feet, a short
time ago. The main tunnel is 20 feet
beyond the Wine following the same
rich shoot where the strike was made.
A station is being cut in the main tun-
mel and a winze will be continued on
the same shoot to a connection with the
Yolo tunnel, 100 feet below.
At the Eclipse tunnel of the Tram
Consolidated Mining Company the
breast is in 720 feet and the north and
south drifts are in 35 feet. In the
Hobo crosscut there is AZ feet of milling
ore and the material pans continuously.
A deal has just been completed which
transfers the Birthday group of claims
to Nick Darcy, Arthur darcy, Con
O'Donnell and Taylor & Grifiths. The
consideration is not stated, but it is
known to represent a considerable
amount. There r five claims in the
acreage on the Black Spar lead, adjoin-
ing this property on the south. No
company will be organized for the
present and there will be no stock Of
fering, but the owners have placed a
good amount of money in the treasury
and exploration will proceed at once.
Another transfer has also been made
in this same locality. The Winnipeg
group of five claims has passed from
the ownership of John Seller, A. v.
Carpenter and William Pollard to that
of r. M. Carsten and associates of
Pittsburg. The price is not known.
Surface indications both at the Birth
day and the Winnipeg are said to be
similar to those found at the Black
Spar, n of the well known properties
of the district. The Birthday is or the
south extension and the Winnipeg on
the north extension of the Black Spar
lead.
Information has reached here that the
Schwab option for control Of the Gold
Bar stock has been extended ten DAYS.
1t is stated that the renewal was made
at the instance of the owners, who
desire a larger stock representation
than that heretofore agreed upon.
A mill test of ore from the Transvaal
made a few days ago gave a return of
81, 800 to the ton in gold. The material
was taken from the point where the
original strike, which created SO much
interest a short time ago, was made,
at slightly increased depth. The
rich stuff is being sacked for further
purposes. The shaft is down
about so feet and still in the hanging
wall. !,