The San Francisco call., 1907-01-25
RUSH WORK AT GOLDFIELD
Figures Relating TO Mohawk Leases
Based on Estimates of MOnnette

bAAc0 on OF mOnnStJe
Many reasons are addueed around
the San Francisco Stock and Exchange
Board to explain the strong revival
Of interest in the mining stock market
at this time One Of these is that
miners in the GOldfeld district are
manifesting faith in their properties
by providing equipment for properties.
Since the strike of miners at Gold
field was ended one machinery house
has supplied hoists to the following:
Gold Bar Mining and Leasing Company %
horsepower electric hoist; William E6ssie, %
horsepower hoist; Great Bend Diadem lease, %
horsepower hoist; Jupiter Mining company, NC
and Iindsav lease. 37-horsepower hoist: Jumbo
Wonder Company. T5-horsepower hoist; Great
Florence Extension Company, 25-horsepower
hoist; Great Bend Mining Company, 4O-horse-
power hoist; Mohawk Consolidated Leasing Com
pany, s2-horsepOwer hoist; Florence Mining Vein
Mining Company, 25-horsepower hoist
Besides these hoists. air compressors
and equipments for large machine drill
ing plants have been ordered and will
be installed Immediately on receipt.
Since the surrender of the Hayes
Monnette lease TO the Mohawk Mining
c ompany new work on the property
has been undertaken by the Goldfeld
Consolidated Mines, the holding COM
pany. Surveyors have laid out the site
for a huge ore house and other ore
houses will be placed on the Jumbo and
Red Top. Surveys have also been made
for spur tracks to run to all the prop
critics Of the Goldfeld Consolidated
Mines Company. The shaft on the Mo-
hawk viii be retimbered and prepared
for doing heavy work. and shaft con-
nectiOns will he made with all the ore
producers included in the Wingfield-
Nixon merger. The ground OF the
aFrlr will frah
to hold the ground that was loosened
toward the end Of the Hayes Monnette
lease. The Jessie shaft in the Laguna
ground will be increased to three COM
partments and the hoist and gallows
frame Of the Rose Mohawk lease viii
be installed there. as the diamond drill
has revealed a large body of high grade
ore at that point.
The GOldheld News sums UP the pro-
duction Of the Hayes -Monnette lease
finally. NJ J. Monnette prepared the esti-
mate. The value Of the output during
the term Of the lease. so says Monnette,
was 81, 100000. Another week, proba-
bly,, would have enabled the Hayes
MOnnette combine to have passed the
$1,000 900 mark for production on their
lease. Something like $l.000.000 in ore
was blocked out when the work on the
lease was ended by the expiration of
the time limit. The greatest produc-
tiOn Of the lease in any one day so
says Monnette was 100000. and the
highest assay was better than $4,000
10 the ton. The greatest production
for any one month was $1,000. 600, in
October. The ore averaged $500 ton
in the car. Nearly all Of the produc-
tiOn was through the No. ] shaft
The lease was originally 373x700 feet,
but two-thirds was sold to other leas-
ers who did not have such good luck
as Hayes -Monnette. The superstitious
may be Jared by the fact that work
was begun on the Hayes Nom cite lease
on a Friday, ore was first struck on
another Friday, and work on the lease
ended on Friday. The lease was the
most profitable Of any in the history
of mining. The four owners-G. H
Hayes, NJ. J. Monnette, ]. W. Smith and
Harry Benedict-are each about $780,
600 richer for their lucky venture that
so successfully defed the Friday no.
ton. The production did much TO bring
the Goldheld district into prominerce
The production OF the Frances-Mo-
hawk leases is figured out to be more
than s2,O00.OOO. The returns from
twelve carloads of ore amounted to
sIO5.348 The royalty on the Curtis
extraction made up the total output to
more than s2,000,000. The Kalfus lease
production is estimated at $4,000. The
property covered by that lease changed
hands twice. The Curtis lease, Of which
little has been said. produced. as rough
ly estimated, $4,000 IN gold. With
the other leases the Truett lease has
expired. This lease made a fine ex-
traction Of ore soon after the strike
was made on the Frances Mohawk and
a dividend Of 25 per cent was declared