Los Angeles herald., 1907-03-17
GoLDFiELD TUNNEL AND MINING
COMPANY

That Ida, New, is about to re-estab-
camps of Nevada is becoming more and
more evident. Deeper development is
demonstrating the fact that this section
has a true fissure formation and that
the values obtained in the shallow
workings, although of good average,
are small when compared with the
values now being obtained in the
deeper workings. This fact is being
demonstrated largely in the develop
ment of the properties of the Goldfield
Tunnel & Mining company. This COM
pany has been working steadily for the
past year and the values thus far OBJ
tanned have been of the most encourag-
ing nature, as in the shaft of the Calu-
met and Nevada property. This shaft
was sunk on well defined ledge which
the surface, but now at the bottom of
the shaft there is, in addition to the
copper values an 1S-inch streak OF gold
ore that shows an average of $27 per
ton, and this streak is widening as the
shaft is carried down. The superinten-
dent of the company who is now in
Los Angeles preparatory to the shipping
of q gasoline hoist to Ida to be in
stalled at the Calumet and Nevada
shaft, says: This property, in my
opinion, is going to make one of the
large producers of the Ida district.
have had charge of the company's prop
critics from the time that the work on
this shaft commenced and have seen
the values increase in such uniform
manner as the development went for
ward that there is no doubt in my mind
that at the 100-foot level we can COM
mence shipping: in fact, there is now O.
considerable tonnage that with sorting
could be shipped at good profit, but
as 1t is the desire of the company to
get as large tonnage on the dump as
possible by the time the smelter at
Goldheld is completed, this ore has not
been sorted"
The Goldfeld Tunnel and Mining
company, early recognizing the Inn
mense values in ore to be found in this
district, have for some months past
been at work in a tunnel named the
Jessie tunnel which it is driving into
that landmark of Ida, Mount Ma
gruder which is known to contain many
bodies OF valuable minerals. over 450
plished by the company with promising
results. The tunnel has been for the
most part cross-cutting the formation
rather than following ledge matter, SO
that much OF the work has necessarily
been in material between the ore bodies.
The tunnel is continually approaching
two we'll defined contacts which at the
surface show fine values and when
reached by the tunnel the values should
prove very high, since the vertical depth
attained will be in the neighborhood of
1000 feet. This is a gigantic enterprise
and should mean a great deal to the
Ida camp, for II is known that the
ledges upon the company's properties
contain high values, principally in gold.
The properties owned and operated
by the Goldheld Tunnel and Mining
company under its capitalization C$t,-
0O0,0O0) comprises the Jessie tunnel site
and the Calumet and Nevada group
above referred to, containing in all 200
acres. The operations have been car
ried on entirely on a cash basis, so that
the company has no indebtedness. A
local firm, Lewis & Severance, 800 II.
w. Hellman building have had charge
Of the financing of the company for the
development OF these properties. and In
formation concerning the same may be
obtained at their office.