Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-13
.CONSOl|DATEO0UT
WITH STATEMENT
Figures Given Out Showing What
Mohawk Mine Has Pro-
duCed.
ALSO RED TOP AND JUMBO.
Latter Has an Observation-Disclosures
Riches of the Mohawk leases
Treatment Costs.

The Goldneld Consolidated mines
company. recently organized as re-
| suit OF an agreement for the consoiida.
tionof theGoldfield- Mohawk, Jumbo, Rec
Top and Laguna mines at Gddiield, has
| Issued statement to shareholders Oh
those corporations and from It the in
formation is CLEANED that the Console
dated company owns a total OF l06 acres
Of ground divided as follows Mohawk
AZ; Jumbo. So; Red Top, is; Laguna, 49,
The total underground workings OF the
! four mines is four miles
In the exhibit showing the production
| Of the several properties the Jumbo
leases are shown to have produced ST.
10000. the net pNceeds amounting TO
SSO7,6SS.l3 the Jumbo company receiv-
ing royalties thereirom to the amount
OF S20l, On its own account, the
Jumbo company mined ore to
the value OF Sl,S4l.lO, which,
after deducting expenses. netted So
iOy.Ol. Inc Red Top company sold ore
| OF the value OF syVs,olo.tO, netting $780,
| lNl.zs; while the Mohawk has produced
| A,S'b,9ls.s2, the net returns beng So
J0.izo,5s, out OF which the company re-
| ceived S,Ooisb.55 In royalties.
'Carefui estimates from sampling OF
ore avaliabie. standing In leases and
company Workings OF all four mines"
the Consolidated conpanys says, SHOW
ore reserves amounting to some 81 $780,,
| 600 gross, not counting the estimated
| PRODUCTION from the leases on the Mo-
| hawk for their unexpired terms, In
| GLIDING the latter, the total present re-
serves amount 10 l2,32s, 900 gross assay
value. This is exclusive of the bodies
| OF low grade ore. The production of
! the Hayes Monnette lease has been
made from about One-half acre of su-
| perfcial territory, the Frances Mohawk
/ from about the same area, and Judging
| from Developments on the Combination
Fraction and In the Mohawk company
shatt on the continuation of the same
| ore bodies. we can estimate u super
noial area of about three acres under
when ore bodies of equal richness
should be found. In addition TO this,
| the dip of the vein is much sleeper In
lower levels. therefore the tonnage from
the same superficial area would be
much greater.
Consequently, In addition to the act
uai reserves above stated, there Is
great tract OF ground In which estl-
mates may be made by taking as a ba-
BIS the value of ore already mined, con-
tlnuity OF developed ore-shoots, the fact
that lower levels are the best, and the
Wide area over which ore has been
round. This estimate OF prospective ore
Is nearly certain; in fact. the examine
ing engineers consider the following an
| shoots known at present. without tbe
! discovery OF new 'ore-sboots viii r,,t T.,
sight much more than stated The ~.
tai value Of ore produced in transit
! and developed is a little over az o0o ooo
| and prospective ore should evcaed q
duplication of this 6gure hv NJ lao
! s5000.0O0. giving a future nroducttnn
| from now known ore-sboot. - ~, I 49,
800 900 600 gross assav ,,,,,,,o ~ '.,. .sas.
reasonable expeotation q, aa i,',,,' ",,n
! larger amount oven i, ~ , .hnn .h
| acres referred ,o a,itho,s sn,e .nlee
| the remain,ng ,,,aa,aI" iiie'l,Ioiilhs
| OF the four co1,nanfas 'e'''ofy
|
| TREASURY STATEMENT.
|
The cash treasury statement, on Nov.
~ showed:
1oluheid- Mohawk Mining company,
YOU, Dol IL; Red Top Mining companw,
s'2ls2s6; Laguna-Goldheld Mining
company, *l5,lsS.19; Jumbo Mining COM
pany, overdraft s3647079. The over
graft, and operating expenses of the
Jumbo necessary to the development
or larger ore reserves, will be fully GOV.
cred within six weeks at the present
rate OF production. which can unaues-
tionably be maintained.
With royalties received and re.
ceivable of over 81 100000 from one
claim for period OF about three and
one-half months. and estimated royal
ties for balance OF the terms of the
principal leases OF $500 900 more the net
receipts from these sources and from
ores shipped and nilled on the account
OF the several companies should allow
the erection Of necessary equipment.
the prosecution of the projected devel-
opment. the payment of at least 10 per
cent dividends on the issued consoH-
dated stock. and the accumulation of
a very large cash reserve.
| 4 ne ore DlOCkeQ, Wnen taken OUT nm