The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-11-07
Big Deal Reported From
Searchlieht District
An Excellent Property
MINING MEN SETTLE
SquabbIe and Get Busy-..Sale OF
GOosoohan Group Reported.
Dupont Tunnel Gets Good Ore.

A deal for the Good Hope mine,
owned by Fred Cotton, which has
been pending some weeks, was closed
Monday by Mr.. Cotton, and the
property has been taken over by the
Homestead Mining company of Col
orado Springs, Colo, the principals
of which are DR.. w. n. Caseley, j.
| e. Van Wrinkle and Lem Mummah.
| Included in the deal are the follow
| ing claims and fractions: The Good
Hope, Enterprise, Gypsy, Bevy Boy
Fraction and Phoenix Fraction. The
deal is known to involve a consider
alton of more than 100000, as
| that figure has been refused several
times by the owners. The transac-
| ton is one of the most important
made in some weeks, as it means the
opening of another big producer in
| the bonanza belt. The property lies
between the Duplex and the Quar-
tette, and sidelines on the north the
Golden Treasure and Hidden Treas
ure claims of the latter property.
| The Good Hope was once taken un-
der lease and bond by the Brockman
| interests and a shaft sent down on an
| incline 600 feet from which a drift
was run 400 feet. These workings
brought forth considerable rich ore,
and also opened large body of low
grade 1t is estimated that there is
now showing in the mine $200,010
worth of this latter product, while
some high grade is also present. The
shaft is fully timbered and is
equipped with gallows frame, hoist
and Cornish pump. Immediately
upon the consummation of the deal
w. H. Crozier an old Cripple Creeker
with thorough knowledge of his
business. was placed in charge as
superintendent Mr.. Crozier has
been prospecting the surface for adj
ditional lodges and on Friday after
noon was rewarded Ivy a bonanza lind
about 90 feet north Of the old work
| ings A round of shots disclosed a
shoot of ore carrying a mass of free
gold, much of which is visible TO The
naked eye. In speaking of the fiji.
Mr.. Crozier said: mot in all my eX-
perience in Cripple Creek have J
seen such surface values and such
quantities of surface ores. The POS
sibilities in this property are equal
| to it's neighbors, and we expect to
demonstrate this when we begin OPP
erations. We will start unwatering
the shaft Immediately and as soon as
this is accomplished will put on a
| force of twenty-five men" A small
force is now cleaning up the machin-
cry and around the shaft. It is plan
ned to drive north and south cross
cuts from the shaft to tap this as well
as other known Lodges outcropping
on the surface. 1t is also planned to
shortly begin the erection o ia 15-
stamp mill on the property. Those
heading the corporation are financial
ly able, jointly and severally, to car
ry out any project they undertake,
and with such fattering prospects,
and rubbing elbows with the third
! largest gold mine in the United States
and the second largest producer in
Searchlight as their next neighbor,
the Home stead promises to soon en-
ter polite society.
After a squabble lasting through
out the summer the Stanley Forbes
Mining company has at last adjusted
its troubles and everything is work
ing tremendously. The breaking of a
pool and the flooding of the mar
ket with individual stock at price
below that of the company was the
sole cause of the trouble, and it is
stated on good authority that the
warning factions have decided to bury
the Ratchet and throw all energies
behind the company and place the
mine on a paying basis at once
| According to advices received from
Los Angeles, Mrs. F. w. Willis, wife
of Superintendent Willis of the Lloyd
Searchlight, has sold the Googoohan
group of claims located at Camp
Thurman, for substantial sum. 1t
is said that $4,000 was paid down.
This information cannot be con-
firmed as Mrs Willis is now in Los
Angeles. However, it is known that
a deal has been pending for some
weeks, and in all likelihood it has
been closed.
George Dupont, who for a number
of years has been slowly but steadily
driving the Dupont tunnel, has now
penetrated the mountain over 500
feet and cut two good Lodges of pay
rock Only recently has the last vein
been encountered and from all APP
pearances the ore is high grade, and
its character is silicious quartz
sprinkled with black and red hemite
carrying values in gold, silver and
copper, the latter averaging per
cent On the surface seven parallel
leads can be traced, and the third
one is Estimated to be some 200 feet
distant from the face of the main
tunnel. The persevering labor of this
hardy old prospector is worthy OF
emulation by others. Single handed
and alone Dupont has opened up the
property thus far, but the end of his
hard work seems near, for a suffi-
cient showing has been made to
warrant a handsome remuneration
for his labors. With reduction works
in that vicinity, which are now be-
ing contemplated, he will be the
most independent operator in the
dictriot FOR cufTiniopt ORC ic in cipbt