Los Angeles herald., 1907-11-04
LEASERS ARE
IN BONANZA
HAYES AND MoNNETTE REPEAT
MOHAWK LUCK
BIG MERGER WILL PAY DIVIDEND
SOON
GoidfieId Consolidated Mines Company
Decides Not to Endure High
Handed Methods Of the
SmcIter Trust
special to The Herald.


GOLDFIELD, New, Nov. 3.-Hayes and
Monnette are reported again TO be in bo-
nanza ouch as they shipped from the Mo-
hawk. This time the ore comes from
their lease on the Florence. incorporated
as the Florence Leasing and Mining COM
pany. situated at the north end of Tom
Lockhart's producer.
The strike was made Wednesday even
ing at $50 o'clock, when there was scene
Of rejoicing under the gallows frame
that marks the operations of the COM
pany Chunks of rock were picked out
of the bucket that glistened with gold.
evidencing to the naked eye the wealth
uncovered underground. The company
made every attempt to keep the hnd
quiet until the manager succeeded in ex-
ploring and learning the extent of the
formation into which they had run, but
the news leaked out and soon become
common property.
The strike was made in an upraise
driven from the 235-foot level, where there
was disclosed a seam four inches wide
erecked with free gold. The value of the
rock rendered superfiuous any assays, and
rone was ordered, as the stuff shows for
itself. Select pieces run as high as $40
per pound, and an average of the streak
would yield at least $4,000 to $4,000 per
ton.
This company has been steady shipper
for some time, averaging 80 tons per day
os a value of SIS to 800 per ton. The
property has been opened up to depth
of 375 feet. Superintendent Ranenls re-
fused to say anything about the rumored
oil hof ha nrnfnrrad leave
the matter rest for few days until he
could satisfy himself that he had some
thing to boast of. He said there was some
uncertainty of continuation of the shoot,
ard in the present condition OF the camp
did not want to circulate reports that
might have to be denied.
The directors, of the Goldield Console
dated have declared dividend OF 10 cents
a share. payable November 25. The books
OF transfer will close November To-
The monthly dividends are to be contin-
ned instead of being paid quarterly, as
was given out by Senator Nixon In san
francisco.
VIII Get Railway
The Nevada Southern Gold Mining COM
pany. operating on the south slope OF
Gold mountain, is pushing development on
its rroup of claims. The tunnel has been
driven in a distance of 600 feet and In do
ing this work considerable ore has Deen
saved for shipment, but 1t is the intention
TO continue the tunnel into the mountain
for the purpose Of cutting big dixie tnat
shows good values on the surface. A sur
vey has been made by the Las vegas d
Tonopah railway from Montana station
along the south slope of the mountain ana
the lire of survey will bring the tracks
close to the mouth of the tunnel. AT other
places on this slope of the hill there Is
chipping ore in sight, and all that is re-
uuired is a reasonable transportation and
reduction charge to bring in half dozen
shippers at once.
In order to escape the intolerable exac-
tions of the smelter trust and intrencn
itself more firmly upon pedestal OF lnde-
rendence, the Goldfeld Consolidated Mines
company will probably acquire at least
temporary control Of the Ollinghouse mill,
situated at Wadsworth.
The Daisy syndicate reports a strike In
following a small seam OF ore In an up
raise in the southwest drift on the COM
pany's workings, the pay crack widened
cut to two feet, and assays show that 1t
carries values at the rate of $3.50 ton.
The find was made at the 21O-foot level
which is just above where the water has
been giving trouble The company is not
bothered by the proposition of having to
sack the ore and storing it.
The Daisy syndicate has had an errauc
history. The ground was owned by Frank
70 Horton and associates before the com
pany was organized, and soon after its
formation a number of leases were grant
ed. In half dozen shafts ore of shippir g
grade was found.