Los Angeles herald., 1907-03-17

Winder" The claims are we'll mineral
ized and the surface values range from
a few dollars to several hundred dol
lars per ton, and in no place are they
barren Of gold contents. Medium grade
ore in large bodies are the essentials
for making q mine of long life. This
together with the rich sheets of ore
which will undoubtedly be found viii
add materially to the companys earn
ings. This Is considered an exceedingly
valuable mine, and its further de-
velopment Will be noted with interest.
Mr.. Argensinger also attends to the
duties of secretary for this company
The High Grade Gold Mining Co.
During the fall OF 1904 a ranchman
residing in-Smoky valley, while riding
the range herding cattle, by the merest
accident discovered on the south side
Of small mountain a mineral-bear-
ing rock, but having but a limited
knowledge of formation. he concluded
that he had found a ledge containing
promising looking silver ore. Return
ing the following day equipped with
pick and shovel, he commenced to un-
cover a quartz vein. He worked sew
eral days at this, and not having suf-
Client knowledge of the business to
acquaint him with the value of his
find, he abandoned the work. Two
years later two experienced prospectors
discovered the above mentioned work.
ing, located on what is now Round
mountain, and to their great astonish-
ment found mineral bearing rock, which
the ranchman had thrown over the
dump two years before, to be inter-
spersed with free gold amounting. In
fact, to several thousand dollars. This
strike is now the property of the High
Grade Mining company, and consists
of nine full claims aggregating 10
acres. The general formation of the
district is granite, with many large
dll1es of porphyry cutting through 1t.
Associated with the porphyry, and fire.
quently running parallel thereto, are
various veins, ranging from few to
thirty feet In width. These veins are
generally composed of quartz and
quartz andesyte, associated more or less
with tale, forming selvage on the
walls.
Round mountain is less than ten
months old, and now has seven pro-
ducing mines, record unequaled by
any other gold camp in the state of
the same age Very seldom has it.
been recorded that mines have paid
dividends during their development, yet
this district shows several which are
doing so. AS a further indication of
the richness of the mineral belt,
large force of men, whose numbers
are daily increasing, are now employed
in running dry washers, and at the end
of each days work each man cleans up
from three to eight ounces of gold
($60 to 5000. Work is now going for
ward on the company's claims, and
those fortunate enough to have hold
ings in the company have fond antici-
pations as to the full success of this
enterprise. Recognizing the worth of
Mr.. Argensinger as an indefatigable
worker, the company made him secre-
tary, and he now has full charge of
the development work going forward.
The GoIdfield Rosebush Leasing and
Mining Co.
You will notice that all of the fore
going companies are not over capital
lied, for all were organized as straight,
practical, mining propositions, and not
stock jobbing schemes. 1t is well to
lfote also that the Goldfield Rosebush
Leasing and Mining Company is only
capitalized at 100000, with treasury
stock of 100000 shares, fully paid and
nom -assessable. The Goldfield Rose
bush Leasing and Mining company
owns large block of valuable ground.