The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-08-17
GOLDFlELD IS
PROVING OUT
AT DEPTH
OPINION OF PROMINENT NINE
OWNER ON STABILITY OF
GOLDFIELD MINES.
MINES, NOT BLANKET LEDGES
The Panamints Are Likely To BE
The Scene OF The Next Big
Stampede.

Charles S. Wilkes, a former resi-
dent of Salt Lake, twice elected sur
veyor of Salt Lake county, an I'M
usual distinction to be conferred up
on an American Democrat, and now
leading coal dealer and mine OPP
orator of Goldfield, arrived in the
city this week, and is guest of the
Wilson, says the Salt Lake Tribune.
OF Goldfield Mr.. Wilkes said:
There never was a time since Gold
field was discovered when mining
was so active or the outlook so en-
couragingingly bright as it is today.
Twill gold be found at depth is a
question about which much doubt
has been felt. In fact, it has been
said by men possessed of a superficial
knowledge of rock formations, but by
this class only, that the ore-bearing
veins of Goldfield were blanket veins,
and would not extend to the deep.
This theory is being dispelled every
day. Within the past few days the
Mohawk people at depth of nearly
500 feet have struck about the rich
est body of gold ore ever encoun-
tered in that famous mine or in the
district. | am willing to wager that
can go into that mine and with a
miners candlestick take out $1,000
and come out with it in my pockets
in less than thirty minutes In the
Mohawk Jumbo lease, operated by
Harry Mcmillan, formerly of Salt
Lake Ct believe he worked on the
Tribune for a while) at a depth OF
or n
vein of rich black sulphides.
Mr.. Wilkes is one of the largest
owners of the Little Florence, which
is producing, at this time, about the
richest gold ore that ever came out
of the earth. The Little Florence is
paying semi-monthly dividend OF
10 cents per share.
''As to my own personal property
the Pocahontas, said Mr. Wilkes, Il
have shaft down 21O feet. Upon
my return to Goldfield | shall i'm
mediately proceed to sink the shaft
to a depth of 1000 feet, and shall
use diamond drills for that purpose
The best informed mining engineers
are in accord in their theory that
am on the west side of the great
mineral zone, and that beyond a per-
adventure | will strike the ore veins
at depth. | have prepared to make
the venture, incur the necessary eX-
pense of the undertaking, and feel
certain of ultimate success.
IF money matters in the east will
remain easy, Goldfield WILL in the
near future, experience a mining
boom not heretofore dreamed of by
Ia OWN nj ictc Thc
fact that Barney Baruch last week
exercised his option on a million
shares of the Goldfield Consolidated
has given an impetus to mining and
confidence in the camp not hereto
fore felt or experienced. The mil
lion dollar dividend which the Gold
field Consolidated has declared and
which will be paid September /
prox., will give a healthy tone to the
Goldfield stock market, and it would
not surprise me if Goldfield Consol-
idated stock would be worth $40 a
share within ninety days.
"Whera do | think the next big
mining rush will be in Nevada?
believe the next big gold excitement
will be in the Panamint range, in the
vicinity of Scotty's mine. Whatever
else may be said of Scotty and his
hitherto mysterious movements and
actions, he knows Death Valley like
book. Word was received in Gold
ED before | left that Scotty had eff
fected settlement with Julian M.
Girard, president of the Knicker-
booker Trust company of New York,
who grub-staked him to $4,000 about
five years ago, for 221a per cent OF
the mine. Now that this settlement
has been made, it is fair to presume
that Scotty will now operate in the
Open 1t is understood that he owns
valuable water rights down there in
the Death Valley region and if he
elects to open and make known his
holdings it will cause such rush to
the Panamint range as has seldom
If ever been seen in Nevada or else
where in the gold-bearing regions of
the west. While l speak of this as
being in Nevada, | believe that Scot
tvs alleged fabulously rich mine is
in San Bernardino county, Califor-
mia. However, it may be the rush
will be from the Nevada side. The
Panamint range, although compare
lively a primitive field and as yet
but little prospected, is creating con-
siderable excitement on account of
some very rich discoveries that have
been made there by prospectors re-
Gently"