The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-05-18
GoLDFIELD MINES WERE NEVER BETTER

eoldahd is known all over tn world as III center of the richest and most
productive gold district We discovered and if present indications count for any.
Nevada las been prolific in gold discoveries during the last few years. but moth
ing has been found that even approximately approaches the richness and pro-
ductiveness of the Goldhed district
During he last two weeks mining stocks have been inactive and thisf fact
has been seized pom by a few crOakers and weekkneed spectators as being
conclusive evidence that the mines had been worked ut and that Goldheld had
with persons If ordinary sense h are at all familiar with te actualc conditions
But for the benefit of those who live at a distance and are unable to see and
Judge for themselves, we take the trouble to pesent a brief review OF the stua
tnn, which WI hope will enighten them on the subject
The big strikes that first startled the world and directed its atonished gaze
to Goldhsld. were mostly by leasers ant when these leases expired, on or about
the first of January OF this year. the properties weret turned back to he owners
OF the mine. AS was nut natural the leasers in their anxiety to extract as much
gold as possible from the ground during the life Of their leases, paid but little
attention t scientific mining, but gouged out the rich veins regardless If every
thing but their " interests As a result when the owners Of the properties
we're ono more in possession they found that before they could proceed to develop
the mines along scientific lines much must be done TO repair the damage caused
by IN rough an tumDe me'nods employed o ene ieasers Snai's no TO De
Strengthened and retimbered ant thu timbenng in the underground workings had
nue. -" ss -. 49, am
Since the resumption of operations, a few weeks ago. the mine owners have
accomplished wonders in putting their properties in shape for extracting ore o
a more extensive scale han the lemrs yer dreamed of. In addition to repair
ing III shafts ant underground workings, new and more powerful machinery has
been installed and elaborate plans perfected by the company engineers for the
scientific development of the properties This preliminary work has, in a large
measure,b been complete and the actual development work will nov be prosecuted
tut thu shipments nav Den NANNY INN 70 'e ore. aken o' IN 'e ~ok oi
reconstruction and can hardly be considered in the light o. regular production
~ sell snscun,,onn never mad = mine am thu prnciualo wnes If oaucin
mining properties in the Goldheld district pay no attention to thu stock market
It is a matter Of history that people sell OF a falling market and buy o a rising
market tut tn buying or selling of stocks is lot a safe method of judging the
value of the property There re various things that enteri into the stOck game
that it is nto r intention 20 dwell upon here, but which have n more to do with
en- .s p prone ~ T s.aSf sN' - N0N
Another hing that tn legitimate investor should know n remember, is
that in addition to the great work of rehabilitation that has been going N during
the past few weeks, there has also been great deal of new ground opened up in
the Goldfeld district some N virgin territory and some oil the hthertou ndevel
oped portion Of the big mines New strikes are reported every few days. Dur
ig tn present week several strikes of rich ore have been mad, assays running
up into h thousands The latest was made yesterday morning, when a rich body
of IRE vas opened up in n Of the best known properties in the district. The
assays ran as high as $1,000 a ton. Such values are, of courses exceptional and it
is not intended to convey the impr@iont that thu entire body of ore carries these
extraordinary values. These ore bodies will however, average high, probably.
several hundred dollars a ton across the entire width # the lodges. There is
hardly a mining property in the district, that is being honestly and intdigenhy
developed, tha does not show up well. Some " them will neve become pro
ducers of bonanza ore IN every claim will rot make a mine, bt. the mineral
zone in the Ghdhad district is so extensive that it is impossible 20 say that any
property is an entire failure
Another proven fact in this district is that tn ore bodies Are permanent and
values steadily increase with depth.
In conclusion w desire to call attention to the fact that the present inactiv
iy in mining stocks is no tins n way due 20 local conditions. The labor troubles
in San Francisco coupled with the financial stringency int that city, ire the real
causes of the decine in paper values Spectators in San Francisco found them
selves in need of ready money and were obliged to sacrifice their holdings for
whatevr they could get
Our advice tt the readers of The News is If you have stock in IN approved
company, keep it and your faith in the greatest gold district in thu world. If
you don't you may regret it.