Los Angeles herald., 1907-09-09
THINK THEY HAVE HIT REILLY
ORE SHOOT
MANY NEW LEASES GRANTED AT
ooLpFIELD
TWO Hundred and Fifty Thousand Dol
lars for Red Metal Prospect
Establishes Record
Thus Far
snscinl 10 The Herald.

mines are expected to return TO WORK
Monday If this is done the directors oA
the merger proposition have agreed 10
declare the dividend which was postponed
at their meeting week ago.
A splendid strike has been made on tne
Florence Leasing and Mining company
ground on the Florence. Whether 1t Is
fhe east extension of the famous Reilly
ore shoot or not no one connected with
the property will say. All of those con-
nected with the company are very retl-
cent in regard to the discovery, put Ior
all that 1t can be definitely stated tnat
high grade body of ore has been entered,
and it was made in an uprise at the SiS-
foot or bottom level, on what is known
as ore shoot No. 2. There is three 1eet
of It, and assays on the rock run all the
way from 500 to $500 ton, and this with
out any sorting Pieces of the ore show
free gold in abundance and IL asSayeu
would run dollars a pound. shipments
will be started at once, and there VIII
be an effort made to break record or
two in regard to production. The lease
has until the 5th day of February TO run
few days ago M. J. Monette, j. j.
Jones and associates secured control
ling interest in the stock of the company
from E. r. Argersinger and took charge
of the property. Mr.. Jones is secretary
of the company and w. c. Rannells is
observation-disclosures a good one at that.
He had charge .of the Hayes-Monnette
lease on the Mohawk and knows how to
get out ore with dispatch.
Two years ago the Reilly strike was the
sensation of the camp, and in ninety days
over $1.OOO00O worth of ore was taken
from 1t.
Butte Boys Get Ore
The Great Western mine at Lime Point,
in the Gold Mountain district, is develop
ing into a bonanza, and at the present
rate the company will be able to pay divi-
dends before another years comes In.
Twelve men are now employed at the
mine, and the entire force is working in
ore. Room is being made for more men
by driving the drifts ahead of the Slopes,
and night shift Is to be added bring
ing the force up to twenty men. On the
dumps are $50 sacks of high class ore, and
1t is coming out at the rate of seventy
five sacks a day. The company has
gasoline hoist up and working and James
and Howard Russell, members of the
board of directors, are at the mine and
giving the work their PERSONAL attention.
The ore has been sold to the Salt Lake
smelters and teams from Ida have
taken a contract to haul twenty-five tons
a day. The ore averages around 800 per
ton. 1t is loaded at Cuprite, fourteen
miles from the mine.
The Butte Boys Consolidated company
Is getting ore for first shipment. The
property of the company is located at the
base of Red mountain and on the east
side. Assays have been secured on the
ore that went away in the hundreds, and
now it is the intention of Superintendent
G. W. Bever to send out a shipment to
prove the fact that he has not been fool
ing himself in picking out the rock for
assay. The shaft has reached a depth of
145 feet, and from this point crosscuts
have been run 160 feet and a number of
veins have been run through, and all
carry values. A committee from the new
exchange visited the property for the
purpose of determining whether the stock
of the company should be listed or not
and the committee came away with the
belief that the stock should be listed.
New Lease Granted
New leases are being granted all over
the district, but since the several impor-
tant strikes on the Florence the direction
which plays favorite is that which is in
line with the trend of the Florence sys-
tenn of veins. That naturally takes one
to the vicinity of the Milltown and Tiger
properties, where great deal of develop
ment work is in progress. The Elks Con-
solidated, which is on the Yellow Tiger,
is now within five feet of the 300 mark,
and from now on the work, which has
been done under contract, will be taken
over by the company. The company has
on the ground a forty-foot steel gallows
frame, 100 horsepower hoist and other
equipment of the best, and will go down
toward the stopping point 1000 feet, as
rapidly as possible. The shaft is three
compartment affair and the formation is
such as to tend toward the belief on the
part of the management that they are
working on top of bonanza mine.
Near the Elks Consolidated new lease
has been granted on the Wonder claim
Of the Consolidated to DR.. Won Wedel-
staedt, and it is understood the doctor
will at once incorporate a company and
commence operations. Two new leases
have been granted on the Golconda, so
that claim is now one of the most active
in the district.
The Florence of course, is still the
chief shipping property of the Goldheld
camp. There will be found larger per-
centage of the leases shipping than on
any other property. The Syndicate lease
is shipping regularly, while the Goldfeld
Rosebud lease on the K Fraction is
driving ahead rapidly to catch the Flor
ence ledge, which Is known to extend
in their direction. The values of the ore
from this ledge, using the Syndicate
lease as criterion, are about $192 per
ton. The Florence Leasing and Mining
company, HeVleW, Pollard, Red King and
others are doing some rapid development
work. The Little Florence still continues
as a shipper pending the final settlement
Of its difficulties with the parent COM
pany.
Strike High Grade
On the Jumbo Extension all of the
leases that have struck the high grade
continue uninterruptedly in the shipping
class, the most prominent being the Mo-
hawk Jumbo, Higginson Mohawk Ledge
and Frances Mohawk.
All Of the leases on the Combination
Fraction have expired and the company Is
making preparations to commence active
work on its own account. When shipping
Is commenced the Fraction will be one
Of the biggest in the district. as it is has
some of the largest and best ore bodies.
The Diamondfeld section of the Gold
field district is still aspiring for new
honors. The Rochester is following un
its strike of a few weeks ago with some
big development work, preparatory to
shipping, and Is also considering the ad-
visibility Of granting some leases on its
ground, application have been made for
the same.
A letter received In Goldheld by Jack
Conlslin Of the Conklin lease, on the