Los Angeles herald., 1907-07-22
FAITH FIRM
IN GOLDFIELD
HAYES PUTS $45o,ooo INTO MINING
STOCK
MCKENZIE ALSO LOOKS FOR RISE
IN VALUES
Leases In Silver Pick Ground PRODUCE
ing Satisfactory Results-New
Strikes in the GoIdfieId
District
Special to The Herald.

opeCldl 10 Inc Herald.
GOLDFIELD, New, July 21.-G. H.
Hayes of the famous Hayes-Monnette
lease has within the last twelve days in
vested of his own money s45O,000 in cash
in Goldfeld stocks of the standard class.
Regarding the Goldfleld market Mr..
Hayes said "I am buying all the good
stocks I can get my hands on, for the
simple reason that they are selling too
low by far and will show substantial
advance within the next few weeks"
Mr.. Mackenzie, speaking Of his invest
ment in Goldfield securities, said:
June Is was about the lowest that
the better class of stocks here will reach.
A bull movement is now on and will
continue. The stocks are selling away
too low, considering the value of the
mines they represent. You may take my
word for it, the wise man is now buying
Goldfeld mining stocks. When the great
public realizes the present situation there
will be something doing that will raise
the hair from your head
Mr.. Hayes is the partner Of Monnette
and the pair established a worlds rec
ord in production within a limited time.
He has millions tied up in the district.
Activity on Silver Pick
There is considerable activity among
the leasers on the Silver Pick ground and
the company itself is steadily at work
sinking a shaft that has reached depth
of 1856 feet.
The Gold Crown lease on the Silver
Pick. managed by Max Esternaux, Is
working three shifts a day. Operations
have been greatly hindered during the
last week or ten days by heavy hoW
of water, which came into the shaft at
the rate of $500 gallons an hour A pump
ing plant was installed, with capacity
of 25OO gallons an hour and will be amply
able to take care of the water hereafter.
The shaft Is down 100 feet and will be
sent to the 30O-foot point, If necessary,
as the company is amply supplied with
funds for the work of developing the
ground. A ledge was cut in the shaft that
assayed only about IS a ton. but a few
days ago a thirty-inch streak was un-
covered in the vein that assayed $75.64
ton.
On the Rosebud Nevada Consolidated
Mining companys ground a four-toot
ledge has been uncovered whlch carries
values of between $50 and $50 in gold and
silver to the ton, and picked samples run
into the hundreds. This property Is under
claims consist, of the Maud and Standish
and the Rabbit Hole, which adjoin the
Brown Palace Extension on the latter
western side lines. The ore is similar to
that found in the White Alps.
The vein just opened is understood to be
one of the numerous parallel veins al
ready discovered on the Powhattan which
strike in a northwesterly direction. These
veins are supposed to be feeders of the
great main vein system which strikes
east and west from the Brown Palace.
The tunnel on the Maud and Standish is
in now sixty-five feet and is being driven
under a 300-foot contract
Bunch of New Strikes
The Third Chance has struck it rich in
gold and copper on the 200-foot level.
THE cornpany is now working three shifts.
Mr.. Bailey, president of Ine company
saws they will ship ore in short time
The Seven Troughs Wonder has struck
a body of ore that will run S2OO TO the
ton, but Mr.. Gray says he VIII not stoP
at that He asserts that the big pay
streak is on the 4OO-foot level anu 'ii".
is what he wants.
A hip strike on the Gold Standard ana
the Nugget Gulch groups has been pro-
ducing ore that runs from SZZo 10 Sooo to
the ton. Mr.. Todd, treasurer OF the com
pany, is the happest man In Golunelu'
and says that he will push tne wolN @ eo
the limit. He will put on a full ere" ol
men at once.
The High Ore company in the Red
mountains is reported to be doing nne
work on its property. 1t has good ore
in sight and is working two shifts Day
The Red mountains district is twelve
miles northeast of Goldfeld.
The Hercules of the Goldfeld district
is one of the properties that have made
good. The owners have struck a rlch
body of ore that is said to be just the
same as that of the Mohawk. Mr.. Cahert'
the president of the company, says he
will keep right on working and will ship
ore in a short time.
The Greater Nevada Mining company
has installed a new hoist and is working
three shifts on the property. 1t has
good streak of ore and is going right
down after the high grade. Mr.. Boyer
is in Los Angeles on a business trip for
the company.