Los Angeles herald., 1907-11-25
CONSOLIDATED WILL INCREASE
BULLION OUTPUT
ACTIVITY IS STARTED AGAIN ON
WEDGE
Picture Rock Running $4,000 Ton
Is Struck by BesoIe Lease,
Which Expires
Soon

make determined eiIort 10 uouplo LAG
capacity of the two mills that are hanu-
linz ores from the properties of that con-
Germ. The subject has been under ad-
visement for some time and the step Will
be taken only after prolonged delipera-
tion satisfies the management that the
bullion output of the mill can be ma
terially increased to the advantage or
the owners and the profit of Goldtelo'
Heretofore the mills known as the
Combination and the Rinkead have been
operating on low grade ores that yielded
approximately $50 per ton. Now the
company will try what can be done with
ores valued at double that amount. II
the experiment proves success, II
means that $50 600 in coin will be ADDED
to the bank receipts of the city.
The mills have been handling about
100 tons per week. averaging, with de-
laws and stoppages. $4,000. BY using
larger mesh after crushing the ore 1t is
believed that the capacity can be falseu
100 per cent or to at least 2OO tons dally.
Taken in conjunction with the action or
the Nevada -Goldfield Reduction works In
pursuing policy of feeding hleher
grade of ore to the stamps, 1t means all
addition of almost S250,000 in coin, direct
from the San Francisco mint for local
distribution The United States treasury
is not doing anything for the miners III
the way of taking care of ore ana the
only relief is that suggested by the
brainy metallurgists of the camp, VINO
are left to their own devices to expand
the volume of money in the district.
The latter company has made plans TO
treat 100 tons of ore daily and to increase
the value from $50 to 800 per ton AT
the reduction plant the company mas
been extracting the gold from about %
tons O day of ore that averaged Soo
ton This is in the shape of gold bricks
INn mil
comes back in payment The company
has been reserving its high grade and
has a large tonnage at the plant, as well
as probably $50O,000 worth of ore at the
smelters and in transit.
More velvet money is coming to the
shareholders in two of the unit holdings
of the Godfield Consolidated Mines com
pany. Owners of Red Top will receive
10 cents a share and of Mohawk 30 cents
a share. These dividends will be paid
tomorrow and will aggregate SsS,4oo.
A considerable portion OF this money
will go to individual holders and the
balance into the treasury of the Con-
solidated, where it will be used to swell
the dividends to holders of the merger.
Finch Resigns
John Wellington Finch has resigned as
general manager of the Goldfeld Consol-
idated Mines company. but will continue
with the corporation in the capacity OF
geologist and consulting engineer, a post
for which he is eminently fitted by reason
of his cholastic training and practical
experience. Mr.. Finch has been general
manager of the company ever since ltS
inception and has done most excellent
and acceptable SERVICE but office work Is
not in his line, so much as actual field
service, and Mr.. Finch will find his new
duties much more to his liking.
rba ms will he i. III. Mac
kenzie.
Stopping is in progress from the 4OO-foot
level of the Rogers Syndicate, one of the
promising leases on the Florence. This
stope has been advanced thirty feet and
the richest ore body yet found in the
block is being broken down.
Average samples across three feet run
from $500 to $500 to the ton. All OF this
rock is being sent to the samplers.
The shaft has reached the 445-foot
point. At 500 feet another crosscut will
be run to the ledge. superintendent j.
f. Meikle is adding to the force as rap
idly as there is room for men to work.
He expects to extract a large tonnage of
high grade ore before the termination OF
the lease, and believes that there will be
all the work the stoperS can do before
that time in the backs from the 50O-foot
level.
Work has been resumed by the
Frances-M Mohawk company on it's lease
on The Wedge, owned by the Jumbo Ex-
tension company. Three shifts have been
put to work and the crosscut will be
driven with all possible speed for the
vein and ore shoot that is known to run
through the ground. This work is be-
ing done at the 500-foot level. At the
365-foot level the ore shoot dipped into
another block of ground on the same
property. 1t is the belief of the super
ir,fandant that two SeDaratp veins rim
through the block of ground and it has
been proved that pay values are in evil
dence on both of them on the adjoining
territory.
Work on the group of claims situated
three miles east of town is to be pushed
vigorously. The crosscut to the north
west at the 5GO-foot level win be extended
until the big dixie that shows good
values on the surface is encountered and
drifting will be extended also on the wide
dixie of quartz that has been run
through at the 3OO-foot elvel.
Extend Lease
Work will be started soon by the Val
calda Leasing company on the south end
of the Goldheld Combination, where the
shaft will be sunk to depth of 1000
feet 1t is now down 400 feet. Stringers
of high grade have been cut and in the
crosscuts that have been driven on the
ore have been found. The block of ground
ad1oins the C. o. d. and Gold Bar. The
owners of the territory have given him
an extension on his lease, and with
proviso that the leasers will have one
year after pay rock is struck to get out
the ore. The property is equipped with a
good plant of machinery, and it is the in
tention to employ three shifts.
What may turn out to be one of the
most important finds in the district this
year has been brought to light on the
Diamondfield Red Mountain Mining COM
panys ground situated on the southeast
slope of Red mountain and some miles
northeast of town. At a depth of 100
feet a four-foot vein Of quartz is in
evidence. Four inches of the rock shows
free gold and an assay on what is be-
lieved to be a fair sample went at the
rate of $225 a ton.
with but one week to run, the Begole
lease on the Mohawk ground has struck
a phenomenal streak of high grade on
the 275-foot level. The rock is streaked
and scanned with yellow metal and will
run $4,000 a ton, ten feet across Ex-