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

under date of the 18th inst. says
that following the announcement OF
the ~stupendous ~quontity of 100000
600 tons of copper ore already de-
veloped and Gin sight" in the Nevada
Consolidated mine of that wonderful
camp, comes the scarcely less impor-
tant information that the Pheby
brothers have i~naugurated a system
of testing with churn drills to To-
cate the ore bodies in the Nevada
Central property, which adjoins the
Nevada Consolidated and contains
several hundred acres in the heart OF
the mineralized district. "It APP
pears,' he continues, ''to be the
greatest copper deposit on earth be-
yond a question, therefore it is worth
while to understand its character.
Those who are not already financially
interested are liable to become inter-
ested at some future time and it is
desirable that clear notions should
obtain. The greatest copper mine
in Michigan has paid profits to its
stockholders up to 1905 amounting
to the enormous sum of 1913, 000, 900.
That was net profit earned, and it
stands, / believe, as the greatest net
profit ever paid by a single mine in
the world.
"Well, compared with the vast de-
velopments on the Calumet and
Hecla the work SO far done on the
Nevada Consolidated is the merest
triie, and yet today, with rather less
than 2 per cent of its ground ex-
plored, the Nevada Consolidated has
in sight in those 40,000,0 900 tons of
ore a net profit to divide among its
stockholders of $176, 100000, at the
present price of copper. These
amazing figures do not originate with
me, pray understand. They originate
with the great New York mining ex-
pert, Mr.. J. Parke Claiming, who
has examined and reported upon the
property. That report is now pub
lished and o~btainable. l have only
extended his calculations from the
condition of the property and the
price of copper at this time, amply
warranted in extending his calcula'
tions to present conditions. AS my
object is to give a vivid but faithful
impression of the magnitude ant
value of the great Ely deposit, rather
l than to recite details, / beg indulg
' ence to reiterate that a single min'
at Ely contains today in sight a ne
profit almost twice as great as tn
S Calumet and Hecla has earned in
I career of sixty years-and that mine
the Nevada Consolidated, though a
yet the most extensively develope
in the camp, is not regarded local.
d as the best property on the great dc
t post. 1t contains 600 acres, whic
g is hardly more than a tenth of tn
whole field known to be mineralizeC
!, 1.-The cost of sinking with thes
II churn drills is less than a dollar
foot. The Keystone churn drill
the type used and the cost of an GU
4 fit is $4,000, a fraction of the cost I
a core drill, while the results al
Just about as satisfactory and the
are simple and cheap to operate an
a several of them will soon be at worl
Tests Of the same sort will soon
a made in the lime, and it will be a di
% appointment If startling d~iscoveri,
are not recorded within the next fe
~ months. / look for the best result
myself in the lime. There | thin
N will be discovered the richest
II though probably not the largest-o,
bodies in the great Ely copper d
posit."