The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1906-02-21
ELY IS GETTING
THERE FAST
The Copper Properties There Will
Boom the District and Make
White Pine County Very Lively

Writing of the copper district in White
Pine county. a prominent Burton imam
cial journal says:
Tho Ely. Nevada camp gives promise
OF a large increase in the production OF
copper in the next few years.
This camp has come into prominence
only in the last year through the pro-
motion Of the Nevada Consolidated Cop
per Company. which has capitalization
of 100000 shares. par $40 This company
combined the New York and Nevada and
White Pine companies. J. Parke Chan
ming In his report upon this property es-
timated a prospective output OF 100000
to 100000 tons of ore, and advised the
erection of a thousand-ton mill TO treat
IL.
r.. w. Bradley OF San Francisco. pres
ident of the Alaska-Treadwell Company
and Bunker Hill and Sullivan Company
who is consulting engineer of the Ne
yada Consolidated, was in Boston recent
ly and stated that developments at the
property in the last six months nave
demonstrated tonnage in sight OF
ghree times MIR. Channing's estimate, crs
100000 to 100000 tons. The ore OF
the Ely camp is very similar to that OF
the Bingham district, copper-bearing
porphyry. 1t averages higher tnan
Bingham porphyry and dunes about
NOR cant c0ppar
AS a result of new ore developments
the Nevada Consolidated Company has
decided to build the first unit OF Its pro-
posed new mill. 500 tons Instead of 1000.
The Nevada Consolidated Company Is
not the only promising property in this
camp The Giroux Consolidated Mine
Company owns over 1000 acres of proven
copper bearing territory adjoining the
Nevada Consolidated. and has the prop
erty well developed. Joseph l.. Giroux
is the father OF the camp. 1t was ne
who discovered the United Verde and
brought IT TO Senator Clark. Up to with
the United Verde at a salary of $4,000
per annum. and left this position of his
in few years ago he was manager of
own accord to develop his own properties
at Ely.
company brought considerable discredit
upon the enterprise which II did not
warrant, but II is now being managed
as business proposition.
zad at&sta nf 1
900 shares. of which 100000 have been Is
sued and OF this amount es per cent
was given in payment for the property
and 5000 shares issued to the public at
from SIS to $3.50 per share. The stock
is now selling at $105O per share.
Boston interests have large owner
ship in this company. The Giroux prop
erty Is developed through Ave shafts. In
depth from $50 TO, $50 feet, and they are
well equipped with the latest machinery.
The company Is now building a smelter.
and contemplate building concentra-
ton mill to handle it's porphyry The
Giroux company has large bodies of sui
phide ore in addition to it's porphyry
deposits.
The Guggenheims have also become in
terested in the Ely district through the
Cumberland Ely Company, which has re-
Gently been formed by the American
Smelling people with 100000 shares Of
stock. par s. This company controls
properties adjacent to the Nevada Con-
solidated. but they are not in very
high state OF development.
There has been considerable talk Of
the Guggenhems becoming Interested IN
Nevada Consolidated.