The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-02-02
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Three sets of ~lessees are now operat-
ing the Booth property with encouraging
results, the showing on blocks 3, 4 and
5 under lease to Price and company
being the most favorable at this time.
Better than 700 feet of development
work has been done by them and in the
shaft on block 5 a strong ledge was
recently cut which contains an average
grade of mill ore and at times returns
gold values well above. 500. A winze
is being sunk on the lead with the in
t%ention of exploring along its trend
at a greater depth.
Just below the Price holdings the
Dick brothers are carrying out an ex-
t~ensive plan of development with the
prospects bright for the finding of pay
grade. Two tunnels are being run, the
objective point being the big dixie
which outcrops about $50 feet up the
hill from their starting points. In the
east bore "a 3-foot ledge has been fol-
lowed for about % feet and is now
showing a large amount of iron sui
phides. This leads the ~lessees to think
that an ore shoot is being approached
and they are putting forth every eff
fort to tap it.
PROMISING SHOWING
Pipe dreams sometimes make good
and it now seems probable that the
Pipe Dream claim, property of the
Silver Pick Mining company, holds
much in the way of mineral wealth
which will accrue to the advantage of
the stockholders of the Royal Gold
Mining company lessees on a block
thereof. Some days ago Manager
Blanchard broke into 4 feet of ore in
the west crosscut about 25 feet from
the shaft and as the body is drifted on
the possibilities for it's making into pay
grade are enhancing. Gold values are
as yet nominal but are gradually in
creasing. A finch streak along the
hanging wall returns average assays If
$25 to the ton.
WILL INSTALL HOIST
In pursuance with the plans for OK
~tensive development at the Diamond
field Triangle property a 12-horse pow Or
gasoline hoist is beng installed and
other surface improvements made. OF
late a number of important finds have
been made in the workings the more
recent of which was last Friday, when
a 15-inch streak of $40 ore was discov-
cred in the west drift from the 100
foot level which is thought to be a
continuation of the rich ledge showing
in the LeFoe lease. In the south drift
at the same level a 4-foot lead of $40
rock is exposed and it is the intention
to break it down and ship it to local
mills.
WILL BUILD NEW SAMPLER
who have for some time been engaged
in the assaying business here state
that they will, within a short time com
mence the construction of a sampling
plant having a capacity of 200 tons
per day. The enterprise will represent
an outlay of between $4,000 and $780,
900, and the plant will be completed If
they encounter no unexpected delay,
within a few months. Plans and speci-
ications are being prepared by an east
ern foundry. A site for the plant will
be selected in a few days.
TALMAGE GROUP
A new blind lead was uncovered yes
terday morning in the crosscut at the
Talmage group at Vindicator mountain.
The ore pans well and an assay is be
ing made today to determine it's value.
The extent of the lead. which is the
third encountered in the crosscut, is not
known but will be thoroughly explored.
The vein matter is in a porphyry quartz
in the same dyke in which the ex-
tremely rich pay streak was found
three weeks ago.. This streak returned
various assays from 5000 to $1,000.
WORK RESUMED
After ten days suspension operations
have been resumed in the workings of
that block of the Florence estate under
lease to the Nevada Leasing company
with an increased force of miners. The
shaft is to be lowered to the 200-foot
point with all possible speed from
where crosscuts and drifts are to in
tersect the ground in different direc-
lions. AT the 100-foot level the bottom
of the shaft is filed with well mineral
izad rock containing considerable
quartz and iron sulphides.