Los Angeles herald., 1907-03-25
FANCY GOLD ore
IN GOLOFIELO MINE
MOHAWK PROVES A STILL
GREATER BONANZA
Strikes of Immense Value Multiply In
the Famous Nevada Camps.
ST. Ives and Other
Properties
Special to The Herald.

Special to The Herald.
GOLDFIELD, New, March 24.-De-
velopments in the Goldfleld district
continue to increase in value and inter-
est. With assays from picked samples
of tale running through an eight-foot
ledge of ore that show $4,000 in gold,
the entire ledge carrying S64O to the
ton, G. A. Muller of the Mohawk Con-
solidated Leasing company has gone
to San Francisco
1--WE have enough ore in sight now
to pay So per share in dividends said
Mr.. Muller. "Our lease runs for seven
months and we will eclipse the Won
derful record of the Hayes Monnette
lease in point of production"
The Mohawk Consolidated lease is on
block No. 2 of the Mohawk claim No.
l, and is the first important and per-
manent find which has been made north
of the big lease on No. 2. There seems
to be no question of the ledge being
part of the big ore channel from which
the leasers on the Mohawk took out
$7000,000 in seven months.
The ore was encountered In a drift
east of the shaft, which had followed
stringers for eight feet. These finally
led to the ore shoot, the drift butting
fair into the side Of the ledge. Stopping
10 W COIllIllelC6 dI OllCe, dllu Ill IllC
meantime the shaft will be dropped
down to the 30O-foot level, where the
company will have eighty feet of backs
available.
Assays returned from the property of
the Little Florence Mining company on
Florence ground returned from $2204 to
$233S 40 per ton in gold. These were
taken from across the entire breast of
the drift, four and one-half feet in
hn fc rTID f1 wv
free gold abounding all over and
through it. The ore also carries sui
phides and telluride. The ore house is
nearly completed and shipments will
commence within week at the latest.
All eyes are directed towar! the lease
because the high grade strike opens up
the country south and east Of the Flor
ence main shaft.
Mergers Big Dividend
One million dollars in round numbers
will be the sum disbursed in dividends
by the Goldfeld Consolidated Mines
company This will mean a dividend
of 25 cents a share. This statement is
given out on the authority of John S.
Cook, treasurer of the company. The
dividend will be declared as soon as
Senator Nixon arrives from Washing
ton, and from the condition of the
treasury and the properties Is the
initial one of many to follow.
The ST. Ives Mining company has
struck a big body of rich sulphides on
the 300-foot level which promises to
make bonanza of that mine. The ore
is the same as the product of the big
mines on the Mohawk Florence belt
and establishes the belief that the Won
derful enrichment of the dacite exists
over a wide area of country. The ST.
Ives lies directly south of and adjoin-
ing the Poleverde claim of the Jumbo
Extension, and has a common east
side line with the Velvet, both of which
should come into a share of the ledge.
Much of the ore breaks $1,000 a ton.
AS a result of the strike in the st.
Ives John Erickson has taken up the
option which he held on $4,000 shares
of the stock of the company belonging
to Thomas Lockhart. With the Lock-
hart stock Erickson and Smith will
have over 100000 shares in st. Ives.
1t is promised that the mine will be
opened on large scale and at depth.
East Manhattan Strike
The richest strike that has ever come
out of East Manhattan was made re-
Gently on the property of the Otero
Gold Mining company. In trenching
the surface west on the contact ledge
from a former shaft a rich shoot of ore
was encountered. Gold in the free lib
orally sprinkled the three-foot ledge,
and three assays across it gave $500,
$692 and $493 respectively. This ledge
has been stripped for fifty feet and
through this distance pans literally.
This ore body has been traced across
the east slope of the mountains to
within stones throw of Ralston val
ley. The mineral zone enriches such
properties as the Otero, Buffalo, Buff
falo Extension, Toyabe, Timpahute,
Pahranagat American Eagle, Ogden
Manhattan and others.
The Mustang ore bodies that are just
now the object of so much interest,
both at home and abroad, consist of
two parallel lodges which have been
cut by a crosscut north at the 210-foot
level The first of these is over four
feet thick and will average values of
SS5 in gold. The second ledge, about
twenty feet north Of this, is three and
one-half feet thick and will run 5000
to the ton On the hanging wall of
these lodges there are two to three
inches of ore that will run over 100000
to the ton. This high grade lies against
a perfectly smooth wall and the en-
tire extent of the ledges is permeated
with heavy sulphides.