The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-04-27
E Is

The boom to strike Goldfeld pom the sediment If the strike, has already
arrived, being somewhat in advance of schedule time. It vas supposed that it
into swing. But not So. The boom is on in great shape'-boom in mining,
boon lin building, boom in population.
Goldfeld, in its most prosperous days. neve say anything like the present.
Everything is or a hurrah, except, perhaps, the stock market, which in the past
few days has been edtattng between higher and lower prices. The settlement
of the strike had been anticipated for a week before it actually came and the
market was pushed up in consequence. BY the time the settlement was actually
effected, prices were at a high notch. and the brokers began taking profits. They
had put n a burdensome six weeks during the strike. Many were loaded to the
guards, and had to realize when al opportunity came Mine conditions however
warrant higher prices than everb before, and it viii lot b many days before the
market again takes an upward shoot
The reopening of the mines was a signal for many new strikes Of the great
esti Importance. The most sensational developments were furnished by the Flor
ence. The Little Florence an he Mohawk Florence leases have been the sensa-
ton of the past few weeks Just before the shutdown came, these leases had III
into jewelry ore thu like " which had never beenls seen Goldfeld, pahng the
were found to b larger n richer than had previously bens supposed. Returns
from the first shipment are awaited with feverish interest. But a find that will
equal if not surpass the Little Florence has been mad in another part # the
Florence estate, on the lease being operated by the Mohawk Leasing and Mining
Of rich ore were had dim this lease before operations were suspended 1t he line of
the lockout When the mine was eopened and examined it was discovered that
by the cavtng in of ground at the S75fot point a great body If rich ore vas
exposed that UNI so high that the valuesa ar almost unbelievable.
Other splendid strikes are reported from various sections of the am but
N attempt to m them here, would be invidious Perhaps the nos import
mt development wrought with tn greatest significance, is the discovery II ship
Goldfeld- This discovery vas made through the operations of diamond drills
At the depth Of 80 feet a large body of ore wa penetrated that assayed $3.50 to
the ton. Good values have been found IN the surface. in this section covering a
wide area, but nothing If considerable value had been found at depth. In fact
very tle deep work had been don there, but it had always been commended by
those interested in that particular section. that the formation was right for ore
deposits at depth, and the diamond drill has proven their theory to b correct
This discovery will undoubtedly stimulate mining out east, and broaden Gold
fields producing area immeasurably.
Building in Goldfeld has taken OF a ew impetus. Work oil many large
buildings went on uninterruptedly during tn suspension Of mining and nw that
the mines ave resumed. activity in real estate and building has only increased
No oher place in the country presents the IN genes Of town making. It looks
a II there vas N attempt o bund a city in a day Everywhere, in the residence
brck n stone business blocks are being pushed with all possible haste, while
several new buildings have been projected during the past two weeks