The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-03-02
NEWS OF MANHATTAN DISTRICT

After due Investigation and examina-
ton by eminent mining men. this prop
erty is considered one OF the greater, II
not the greatest in the state OF Nevada.
The mines have a record of producing
the highest grade silver ore in the
United States and the records show
that over ~s16.00o,0r0 worth of bullion
was extracted from them during the
few years of their operation They were
closed down shortly after the demoneti-
nation of silver. which event caused A
panic at that time.
This enterprise is backed by both
Eastern and San France, capitalists
and should deveip9 into one OF the
greatest propos tions that has ever been
launched in the state az nevada
Attorney ID. W. N4fsv. OF Los Nnrei-s
and formerly a NorFh Dakota cnal cIer-
ator. is president: E. T. rorpey. one of
Manhattan 5 most enterprisirg brokers'
and mining mcG. IS secretary: Henry
Harrison. a vcserin mine operator OF
Arizona. is VIC PRESIDENT; II. y. Meder.
cashier of the Ne " ormsby 'oJntS
Bank. is treasurer and the Nye & Or1s-
by County Bank is depository. The cap
italization of the company is placed at
1000. 900 shares. par value 81 each and
worcestershire, 100000 shares are in the
treasury.
Mr.. Torpey says: we have, during
the past -four months. taken some of
the best mining men over the property
had assays run on 100 pound samples
from the dumps. taken at random. as
we did not wish to jolly ourselves by
trvfn0 ~ GannIa II for high grade VAL
ues; have had disinterested mining men
do the same. and l I'm prepared to state
that / believe we will pay dividends
on New Belmont Amalgamated Mining
& Milling Company's stock before 1907
has passed"
Bonny. or pleasing is the showing on
the acreage of the Annie Laurie today.
so much so. in fact. that those heavily
interested in this property, having
grown weary of Manhattan mills ON
paper. are perfecting plans for a stamp
mill with sufficient capacity to handle
the output of their property.
The main working shaft has reached
a depth of $50 feet from which cross
cuts and drifts have been run and a six
foot ledge opened up. This ledge at
the present depth has an average gold
value across it's entire width of $40 per
ton and panning of free gold are obtain
able from grass-roots down. The acre
age of the Annie Laurie adjoins that or
the Mayflower and with a continuation
of the same lodges of that splendid
property. the Annie Laurie will hence
forth take a place beside her sister In
the race for recognition.
A ledge carrying high grade milling
ore was encountered in the tunnel be-
ing driven on Manhattan Red Top this
week. The tunnel had been driven a
distance of 225 feet and at a depth of
IFS feet from the scurface when this
strike was made. The ledge where tap
ped and as far as prospected along it's
trend pans free gold and some very
handsome specimen ore has been taken
out. The values occur in ~porphyry and
quartz and the ledge shows strong with
every indication in its favor for high
grade gold values at great depth.
That high grade values have been
obtained on the Red Top is not sur
prising for the acreage of this company
is most favorably located, adjoining the
Consolidated Extension and in a local
ity from which rich fnds is looked up
on as a matter Oh SIMPLY uiSSlhS bhVhi
out.
on the Santa Lola acreage just a little
to the southwest of Manhattan, six
men are doing all that Drawn and steel
can accomplish toward the completion
of the tunnel which is being run to tap
the main ledge traversing said acre
age. over $50 feet of the tunnel has
already been completed and within the
next fifty feet it is expected that the
ledge will be encountered, when 1t will
lie drifted upon and it's true mineral
worth arrived at. At surface this ledge
PANS free gold and assay returns are
most encouraging. 1t is expected that
at the depth the tunnel will give them
the ledge that will show splendid miner
eralization, and If such is proven, sink
ing will be the mode of development
until the permanent ore zone is well
entered.
Active development is the program
for the year 1907 upon both the Cres-
cent and Gold Wedge properties. A. Fl
Deahl is now in San Francisco making
preparations for the commencement or
early development on these properties.
Considerable development was done
on the Gold Wedge during the past
year and the mineral showing is suffi-
cient to warrant further development
on a much more extensive plan. 1t is
the opinion of many mining men that
the Little Grey ledge runs through this
estate and when operations are again
resumed it will be with the hope of
locating this rich ledge and proving its
wirth on the Gold Wedge acreage.