The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-02-02

nntu ltuAt SuONiHS NV ttf' ~ 80
tity has been struck in the Pin Nut
mine. The ore was encountered in the
breast of the crosscut run out from tine
200 level of the double compartment
shaft. and has been intersected for more
than 4 feet without reaching the foot
wall. Sulphides are a prominent char
acteristic and a guarantee of vein and
value ~permauency to a depth many hun
dreds of feet below the present point of
operations. The find vas made several
days ago but information regarding its
proportions and valu was withheld Tor
some reason known only to the manage
ment. 1t would appear. however, from
the very marked depreciation in Pine
Nut shares during the past few days
that people on the inside were forcing
down the price In order to shake out"
the timid and buy in their shares at
comparatively nominal figures. Be that
as il may, the mine is in ore. and a high
grade of ore.
During the regime of former superin-
tendent, Abe Benedict, a main, double
compartment shaft was sunk on the
property TO a depth of 200 feet. and at
Its collar was established the second
largest hosting plant in the entire dis
trict, the largest-50-horse power-be-
ing in operation or the adjoining prop
erty, the Manhattan Consolidated. The
Consolidated people followed their ore
TO Pine Nut lines, and probably a little
beyond at a depth OF so feet, and In a
measure proved up the contact for the
Pine Nut management. Benedict was
fully advised OF the status and of the
average grade Of ore mined at the 30
| foot point In the Consolidated workings.
From these conditions he formed the
conclusion tina In order to get shipping
values in place 1t would be necessary TO
get well below the rudimentary forma-
ton, and placed the thickness OF the
capping at about 200 feet. Sinking the
shaft to that depth he sent out a cross
cut toward the ledge, but before reach
ing the contact resigned his position as
superintendent. His successor con-
tinued operations along the lines laid
down by Benedict, and in due course of
time reached the ore.
The average grade across the 4 feet of
quartz intersected is well above shipping
mark. and picked samples frequently re-
turn assays of $500 in gold the ton. 1t
is thought that the ledge is a continual
ton of that showing at the same depth
In Consolidated ground as the quartz is
decidedly similar in appearance. What
would apparently mitigate against Its
being the same ore body. however. is
the point of it's location. unless the vein
makes a marked bend after leaving Con-
solidated ground. This is of course, a
possibility, If not a probability. and
would not be particularly surprising If
further development established the
truth of the deduction. On the other
hand 1t is not at all improbable that an
ore body separate and distinct from that
opened on the adjoining estate has been
found. No more ardent supporters of
the latter contention are found than
among certain miners and mining men
who have made a study of ore occur
rences in the east end of the belt since
the lays of the first rush to locate the
bonanza ledge on Litigation hill.
A number of these gentlemen have
contended from the time development
work was first started on the Consol-
dated Pine Nut estates that the main
ledge crossing the acreage was not
identical, and 1t now appears as though
ii were but a question of days until ex-
ploration in Pine Nut ground would
demonstrate whether or not their posi-
ton is tenable. If it be the same ledge,
then these gentlement contend that 1t
has forked near the Pine Nut, Consol-
dated lines. However, the main point
is III the Pine Nut is in ore. If 1t has
the Consolidated ledge, well and good.
If the ore body be separate and distinct
from the Consolidated assure SO much
~ ax.4o, g.. tla Dfpa MT ranp1a for ~
the contentious OF both parties to the
controversy prove true, two rich lodges
instead of one traverse that acreage. 1t
also appears reasonably certain that one
body at least apexes on the Pine Nut.