Los Angeles herald., 1907-11-18
TIGHT MONEY
NOT Eel 7
GOLD MOUNTAIN HAS ANOTHER
BIG FIND
LEAsERs HAVE DAILY OUTPUT
OF $4,000
Henry Jagels, Locator of the Stimler
Group at Camp StimIer, Sells
His Interest for Round
special to The Herald.

Special to The Herald.
GOLDFIELD, New, Nov. 1.-THE Gold
field Consolidated company is going along
as though there was no money strin-
gency, and that the samplers, mills and
smelters were making settlements with
the usual promptness. The output from
the main workings on the company
ground, and that is on the Mohawk, is
from four to five cars day. This ore is
divided between the Western Ore Puc-
chasing company and the Nevada-Gold-
| field company, and in the meantime the
high grade in the safety vault, or rather
building. is being added to- While the
company is producing from 140 to 200
tons daily, the work of opening up the
big mine is in steady progress. The main
shaft has reached a depth of 800 feet,
and from this point a crosscut will be
run to the dyke, and the shaft will be
continued on down to the 65O-foot point,
and here big station will be cut and ex-
| tensive development work done from this
level
The big stope from which so much ore
was taken by the Hayes-M -Monnette is TO
be taken care of also. shaft is being
sunk to cut into it, and it will be square
setted, and the big glory room will be
| filled in with second grade ore which
will be taken out when 1t is known that
the ground is safe, and this safety can
| only be secured by square sets. The
ground will then be explored. as it is
believed that there are thousands of tons
of high and low grade ore in this par
| ticular portion of the mine that the les
sees were unable to take out during the
| life of their lease. Then, when all the
ore is extracted, the ground will be al
| lowed to cave and the loose rock ana
dirt that will pack into the big hole will
make this portion of the mine perfectly
| safe. For weeks past no visitors have
been allowed to go and inspect the big
room from which so much ore was taken,
and the miners employed on the prop
erty have not been anxious to pass
through it either, as there is danger at
any time of rock being loosened and
coming down. The work of placing this
dangerous portion of the property in as
safe a condition as any other is being
done in skillful manner, and under the
management as well as the execution of
| the work that from practical miners
standpoint commands the admiration OF
those who are in any way competent to
J judge of the undertaking.
Ready for Work
Operations have been begun by the
Jumbo Ledge Leasing company, which
has a block at the north end of the At
lanta estate, formerly known as the At
lanta Leasing company's block. The for
mer leasers sunk shaft 375 feet deep A
| crosscut will be run from tho 360-foot
point in the shaft to intercept the Jumbo
ledge, which is believed to traverse the
property.
Another good find has been made on
| the Great Western Mining and Milling
company's ground situated on the north
west slope of Gold mountain, thirty miles
south of town. In the west drift, at a
depth of 100 feet, there is now showing
| eighteen inches of very high grade sill
yer ore that carries values in gold as
well. Picked pieces of the ore show ma
tive silver in abundance, and would as
say thousands of ounces ton The COM
pany has on the dump nearly two car
| loads of ore that has been taken out in
| the course of development that was
broken in the east drift, where little
stoping has been done Owing to the in
ability of the company to secure quick
settlements from the samplers and smeit-
ers, shipments have been suspended, and
the entire force is now engaged in devel-
opment work.
The Mohawk Combination Leasing
company, operating on the Consolidated
ground, is now shipping at the rate of 300
tons of ore a day. Arrangements have
been made with the Western Ore Puc-
chasing company for the handling of the
product of the mine, and sufficient
money will be advanced on the assay
value of the ore to meet the running ex-
penses at least, and later on when the
money stringency is ended and the ore
reaches mills and smelters final settle
ment will be made. The lease has only
about two weeks to run, and the lessees
face an emergency, as there is no chance
| of getting an extension. Two-thirds of
the ore comes from the Mohawk Combi-
nation lease, and the other third from
the Begoe, in which the Mohawk
bnation has half interest
The ore as it is broken, and practically
| without any sorting, is running at the