Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-03-23

fha REFERRED TO-
TIE suzg a new F4ElEua
1ez1as Sszz1a Aad alrea6F a@sz
5 # these ztzss were
u~yTsrs w tas z-tzg 5Es
meats have szuss5 zreh more z
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ire Hzs1aag ffOz zzn Iza q Oh
ss z@Esd 10 fur.tsa uzz
rloz tog r1s more izporrzzr ez
O1E ue r8 81 the ore cozI5 bear
rrzzrrzr5gz WHERE Long Ezgoa
AszAS wsrs nac=ss&rT 10 rezEa tie
rairo4d lines but IL Is a matter Of
as1z-ar thzt s1eA large quzz-
titles q ore we're szipg@5 under the
c5rr--Ezne Ire nearest @elr-
ing Eors-undrzs o. niles aEz
-5azze oEHTrr0E6a5 EEth ore from
the BsE z ard thousands 0f uH
q @aDTzS@ ORES hare been piled
% the 6Z waiting for CHEAPER
transportation Or loczl rsduexaor
wor ii seems odd n0w ID RES
Of Subsequent dsveloDzzt thar r7e
srE q the zw camps To1opsh vas
helt hzek 3 year o. more br TIE haek
Of faith Il the Zi.as on the part Of
ne companies rhieh had bogght the
U0re prominez1 claims Instead Of
proceeding o. their 0En account
they sdopted the Leasing system
thus avoiding further investment
Z letting the lezses themselves
prove the value Of NE claims This
they did however. in short order. not
oaIy making fortunes for themselves
but making great mines ont OF mere
prospects,. 70 the benefit Of the more
timid companies
Il may b confessed that 10 the
leasing system l. largely due the
Usg1iaeelt developments which
have been made in many of the
mines of the aeE camps Some fev
u the Companies have o. course
done their Own work but the lessee
have really performed most Of IL
Some Of these leases have resulted
II the output Of millions OF dollars.
Most Of them expired early in 1891.
There IS q side area Of the southern
desert section Of Nevada over which
prospecting operations are noE BE-
ing conducted, and this mineral belt
has been found to continue over into
Inyo county within the California
boundary. This review Of the condi-
lions existing in Nevada, accom-
panied By the statistics for 1905. re-
fers only TO this year. but it may not
BE- out u place to write briefly Of
some features relating 10 4 subSe-
gueaf date. as they have been large
lr influential in bringing about the
present widespread interest in the
mining affairs Of the state. The most
important development in any single
mine has been that which has ce-
Cured in the Mohawk mine at
GoIdfeld where the richness and
quantity Of the ores obtained b. the
~lessees during 1906 have arrested the
attention Of the mining world. From
the published reports concerning tn
leases in this mine mot verified b.
y. -ha United States geological survey {
II appears that from April IS to No
vtmber 20. 1906. the gross value OF
the ores shipped BY the various
lessees in this mine amounted to
~s4.075.919. and the net values 10
~s3.l35.4zs. They also had ore stored
and In transit amounting in yalHs 70
: ~ss50.00O additional. It was esti-
mated also that over 100000
would be recovered during the re-
naiuder Of the life of the leases,
which expired in January. 1907. On
Z, November 20. 1906. the Mohawk
!, merger took place. by which the
: Goldheld Consolidated Mines com
pany acquired the Mohawk, the Red
properties and they viii be hereafter
worked al one. The company has
been organized with 100000 shares
Of capital stock, par value SO pei
share. Before the consolidation
these separate properties had pro.
!, dueed a total gross sum Of s6.054..
:. 610. The Mohawk did not produce
= until 1906; the Jumbo began pro.
: ducing in July. 1904. The Red TOT
ore has been reduced in a small loca
mill operated under lease.
The average freight and treatmen.
Il rate on ores shipped to shelters foi
1906 has been $3.50 per ton. TIT
n cost Of treatment of oxidized ores II
the Combination Mines company nil
" for the same period has been s5S.
per ton, with about 81 per cent ex
traction. This cost will be furthe
reduced by a mill treating P Iarz
tonnage, and this mill has now beel
constructed. The mines are vel
developed, considering the short tim
~-FzuE 49, 49, 1M.s15 -