Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1906-09-29

coming more solidifed while the quartz
more abundant. The Potter lease has :
not yet encountered shipping values in
any quantity, but the workmen are {
nearing the mineral zone and expect to
encounter the rich stuff at almost any
shot.
The Goldfeld Silver Pick Leasing
syndicate, which was recently fioated
by the well-known brokerage firm OF
Geo. F. Won Polenz & Co., has already
struck ore in ats new shaft on its lease
on the Silver Pick ground adjoining the
Mohawk. The new shaft is down IS
feet, and a ledge has been broken into
which will average about $50. This
ledge at the present time is reported to
be three and one-half feet wide, and is
evidently widening as it goes deeper.
The company has ordered a gasoline
hoist of the most improved pattern,
and the management expects to push
work with the utmost energy. 1t is
expected that the shaft will be down to
the 200-foot level in a couple of months.
The great Hayes and Monnette lease
on the Mohawk property, has reached a
stage where it is now sending out $4O,-
900 worth of ore per day, and in a con-
v~ersation with the management it was
learned that unless something unforeseen
happens this record will be maintained
until the expiration of the lease on the
t first of January. The conditions gener-
/ ally in both shafts are better now than
at any time previous. While it is true
the large punches of free gold that
were so much in evidence three weeks
: age are not now being found, the gen.
eral run of the ore has the same high
t average in the yellow metal. This is
accounted for by the fact that the gold
/, is more evenly distributed. Heretofore
o all the ore coming from shaft No. l has
y been taken from above the 210 foot
d level, and while there yet remains an
n unlimited supply of the precious rock
for the leasers to work on, the owners
propose to develop the big bodies to a
j. geater depth and to this end wines are
to be sunk at different points on the
ledge. This work will b. started some
G time next week. Work will be COM
ID menoed Immediately on sinking shaft
n No. 2 another SO feet, making a tota
Y, depth of this shaft of 260 feet. The
i'd extent of the ore bodies on this leve
er has not been determined as yet, not
i'll withstanding they have been run on TO,
e. quite a distance in all directions. On,
n car per day is being sent out from thi
II. shaft, the general average of the or
be showing $3.50 in the yellow metal.
ue The Mohawk Consolidated Leasing
rs Company, which was very recent
Ills organized to operate in this district
nd and which is establishing a record fo
IN rapid sinking, has already %encountere
ed ore. The values thus far secured ar
Up. not sensationally high but are %encourae
ng ing and the management is Statistic
aft that within a very short time the con
S. pany's lease being operated on til
Dot world famous Mohawk will be abreal
he with topnotchers of the district. Whe
; a the company started to work son
of twelve days ago it was with a dete
minatiOn to establish a new record
The the district for rapid sinking, al
ew although it has been handicapped to
e a certain extent -on account of the i
be ability to get the hosting plant in
will schedule time, a record breaking ga
hassbeen maintained, and the shaft
lick the present time is below the 70 70
Ime level. The plant, which is to be
on electric one, arrived last week, and
the large force of men is now at work
and stalling the same and by Saturday it
i to thought everything will be in readint
'ent to start work in full blast. Three shii
Col will be put on and the work of sinki
the the shaft will be rushedas never befoI
to 1t Is intended to sink the shaft to I
rty. 200 foot level before any effort is ms
ime to crosscut. Late Tuesday evening {
ated of the owners of the Mohawk C,
,hC9 SOlludISu HllOIilcu IIe hcfiSW III
IS to that in the bottom of the shaft vail
pur- had been encountered. 1t was hard,
wed stated, at this time to tell the ext,
ock. of the find, but from all appearances
asses was a ledge, and that he was post
ntly it would develop into something good
ping A few days ago members of
Price lease had a meeting and concluI
the to organize and incorporate as the Pl
A Silver PickSLeasing syndicate, wit
1 on capital stock of 2OO,0 900 shares. i
}. F. their intention to place rs, 900 sha
T. on the market at rs cents per share
big the purpose of further developing
,e of mine, such as putting on a hoist
rom sinking the shaft another 100 feet.
lsers was decided also, that as soon as
once 25, 900 shares were disposed of and
be mine became self-sustaining the
the naming ITS, 900 shares would be divi
foot nro rata amono tha ~ockhnId