Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-12-27

. Sheridan. Wyo.. Dec. 25.-The pres
ence of true rubies and sapphires in
the placer properties of the Gold
Standard company neal this place is
now fully established. As is well
known. a small sized stone, when cut
and polished, returns a very hand
some profit. This company Is now in
a very advantageous position for eth
or hydraulic or dredging operations.
Careful assays demonstrate that the
values in the cold bearing gravels in
crease with depth at the rate Of about
S1.00 to the cubic yard for every
twelve feet of depth. The company
has recently increased its holdings
by five additional claims of twenty
acres each. making a total area Of
soIne SEQ acres of valuable placer
ground. Part Of the aewly acquired
ground includes a quartz vein 80 feet
in width, from which specimens are
being shown carrying both gold and
rubies. This quartz vein Is IN all
probability the source Of the large
quantities Of free gold already dem
onstrated to underlie the placer
ground. 1t is also a very favorable
feature that gold has bcen found to
be well distributed through neighbor-
ing ground. Extensive tracts OF pla-
Ger lane have recently been staked
out In the vicinity following the lead
Of the Gold standard company.
Goldfield, New, Dec. ga marked
spirit of h%opefulness now prevails
throughout the Goldfield district, and
substantial progress is reported by
the leading operators. Especially not
iceablc among the large companies is
a.. - fl -. re.-.
GOldfield, operating on ground ad-
joining the cold Bar and other well
known properties. Several excellent
Veins have already been cut. and
good quantities of high grade ore have
been taken out, The main shaft on
this lease is now down 10 the 500
foot level, and ore assaying 81 i'm gold
end SO in silver is being taken out.
The company's machinery is In full
running order, and much encourage
ment is derived from the fact thai
indications have been steadily improv-
ing Though the last 100 feet of sink
ing.
S%earchlight. New. Dec. 26.-The
most encouraging progress is report
ed by the Quartette Extension man
agement, operating on ground adjoin-
ing the Quartette group Tho main
shaft IS now down 145 feet and good
indications are in evidence. The con-
tractor states thar there will be no
DIFFICULTY in sinking to the 175-foot
level by the M of the year. The
contract provides for sinking to the
5~Ou-toot level, the shaft being a
double compartment and substantially
limbered. The Quartette Extension
company was the first To pay off its
hands in gold during the late finan-
cial Hurry, n It Is stated that the
company's financial backing is sub
stantial.
Hefmosillo. Sonora, Mexico. Dec.
26.-Considerable Significance at
taches to the fact hat the new equip.
ment Of machinery recently purchas-
"a ny the LluVia dc Cobre company
IS % ON the ground and practically
ready for operation. 1t was ueces-
sary 10 bring the compressor in three
sections the aggregate weight being
$4,000 pounds, n a special wagon
Dad was constructed for hauling in
the boiler. II IL stated that tbfs
company anticipates smelling its own
ores right on the round thus ef-
lecting a large saving in freinht
charges. The Mcdbury furnace is to
De used. the expense Of installation
"'ihs SHaI as compared to the old
style 81 Smeiter. Rapid progress has
been made by this company. and inn
portant result are anticipatcd from
the installation of the new machiner,
equipment now being placed on the
property. The recent rich strikes Of
black cppper a Few miles west OF The
Lluvia property have done much 10
arouse new interest in the mineral re-
sourccs OF the district.
Boise, Idaho. Dec. 2C-The latest
report Of Contractor Holloway indi-
cafes that he has succeeded in. run
ming into the Mckinley tunnel to a
distance Of 4s6 feet. this figure show
ing a rate Of progress in a high de-
gree satisfactory to the company's
management At about $50 feet a
body Of Of diorite wa
cred. This was about eight feet
through, and furnishes vet another
Incation % the good mineral values 10
De expected a. work progresses. The
Mckinley locations cover tho entire
and nave been the subject Of extensive
DEVELOPMENT by prospect work for q
number ~ years. The formation u
the ground Is especially adapted TO
prospecting by tunneling. ~ being
possible b. this method 10 gain any
depth desired from I00 10 l400 feel.
49, m --aN.M H