Los Angeles herald., 1907-01-07
GOLDFIELD BOOM
IS NOT CHECKED
NEW DISCOVERIES OF VALUE
EVERY DAY
Many Rich Mines In operation--Popu-
Iation Of 5000 Busy and Prosper
ous-Jumbo Leasing Devel-
opment Company

Special Correspondence of The Herald
GOLDFIELD, New, Jan. 5.--The state
of Nevada is presenting new discoveries
every day and new districts are opening
up in consequence. Goldheld still has
the lead with it's phenomenal rich
strikes and increased production of ore,
Notwithstanding the fact that the strike
question is somewhat retarding the
progress of development. Goldf1eld,
which is still in its infancy, now has
a population of at least 10000 and peo-
pie from all over the world are flock
ing in to take advantage of the many
profitable opportunities now being pre-
sented. The various listed stocks have
decreased in price recently, which is
only natural on account of the holi-
days. but this is only temporary, and
before another month has elapsed it is
expected that they will be selling high
ell than ever before.
List of Producers
The great Mohawk Jumbo, Red Top
and Combination Fraction need no COM
ment. as it is almost impossible to lose
on an investment in these securities.
In fact, any of the meritorious listed
stocks are good. OF course there are
opportunities not on the different stock
exchanges, which do not come before
the public through this medium.
The Jumbo Leasing and Development
company is selling stock at 25 cents
per share. This company owns one OF
the choicest leases in the Goldfield dis
trict. 1t is located on the Cornishman
claim of the Florence-Goldtield Mining
company. Their shaft has attained a
depth of nearly 200 feet with numerous
drifts. Values ranging in value from
$40 to $1O0 per ton have been obtained
and when the new hoist, which is al
most completed, is in operation the 400
foot depth will be sought, when bo-
nanza body of high grade ore is ex-
pected to be encountered.
Rich GoIdfieId Mines
At noon, January S, the famous
Frances Mohawk leasing privileges eX-
pire. Throughout the week men have
been crowded into the slopes and un-
derground drifts, breaking q vast ton
mage of ore. Not an instant's delay has
been tolerated and daily 225 to 250 tons
of high-grade sulphide ore is being
hoisted to the surface. Waiting rail-
road cars are rapidly filled and hauled
to the Goldfeld reduction works.
The ledge, 10 to II feet wide, still re-
tains it's permanency. When the lease
closes down, the management aftirmS,
there will still be immense bodies of
ore to be mined. No attempt is made
to sink deeper on the vein, the present
employment of the miners being to
mine the ore bodies in the various
drifts that lie exposed.
The Daisy has a large body of ship
ping ore on the 1O0-foot level in its
main shaft. 1t is fully ten feet wide
near the handing wall. The ledge prop
er is thirty feet in width and the bal
ance carries good milling values. The
ore recently encountered in an incline
shaft. To allow of stopping and work.
ing the ore to better advantage. the
company has started new straight
shaft. 200 feet westerly. When a depth
of $50 feet is attained station is to
be cut to allow of cross-cutting to the
ore body in the other shaft. The sink
ing of the shaft will then be continued
deeper, tapping the ore shoot at every
100 feet The values range from $3.50
to $780, and Manager Ducey, who has
charge of the work, states that he con-
siders the Daisy will then be in con-
dition to make permanent shipments.
The extensive plan of working re-
qures the expenditure of considerable
money and the hiring of many miners,
but the results are considered to war
rant the outlay.
Hayes and Monnette continue work.
ing their famous Mohawk lease to its
fullest capacity. Men are crowded into
the three huge caVern-like chambers
and continued shipments of several
hundred of tons of exceptionally rich
high-grade ore are made daily. 1t goes
as formerly to the huge sampler at
MilleI's station and there has not been
an instant's delay owing to local labor
difficulties