Los Angeles herald., 1907-09-23
RICH SHOOTS
ARE MADE
BIG STRIKE MADE ON HAYsEEr
IN LEE DISTRICT
ST. IVES RESUMES SHIPMENTS
AT ONCE
Measuring Estimates by Last Three
Months, ooldfieId Is Shipping Ore
Annually Valued at
$15,7f4,ooo

Special 10 The Herald
GoLDFIELD, New. Sept. 22.-Now tina
the two stock exchanges have decided I
consolidate, no time will be lost In pre-
pairing the preliminaries before the mer
ger becomes an actually. That the com
bination will be beneficial to all concerne'
as we'll as to the market is admitted. and
moreover, the plan will make Goldfel'
more of factor in establishing her owl
prices.
The Mohawk-Combinatio Leasing com
pany, operating on the Ish-Sheets-kalru'
block of ground on the Combination ant
Mohawk No. 2, and both owned by th'
Consolidated company, is making regular
shipments of from two to three cars
day of ore that averages in the neigh
borhood of $50 ton. or at the rate OF
$4,000 a month and 1t looks as though
there was enough ore in sight to insure
this output during the life of the lease. A
force is constantly employed In opening
up new ground. and all of this work Is
berg done above the 300-foot depth. Be
low this point they cannot go on the vein.
The Goldheld Florence Mining company
will not start the payment of dividends
until the mill which is under construc-
ton is ready for work, and that VIII be
about December l. This Is not because
ury, as from pretty reliable source 1t Is
learned that the amount is not less than
s500,o00 and 1t is being added to daily.
Haysecd Strike
According to reports from the Lee dis
trict a big strike was made on the Hay
seed Wednesday night. 1t is stated that
an ore shoot was broken into on the
drift from the 1C0-foot level. which.
judged from paintings. will carry values
we'll in the thousands.
At the annual meeting of the st. Ives
Mining company, held at Claude M.
Smiths office yesterday, 1t was decided to
resume the shipment of ore from the
company workings at once. There is
two-foot ledge at the 250-foot level that
runs on an average of about S75 ton,
and the company will maintain shipments
for an indefinite period. The last ship
ments made on st. Ives company account
were last November.
The leases granted to A. A. Codd and
the Nevada-G oldfield Reduction company.
on St. Ives ground. were by formal vote
allowed to run a year more.
One of the important mineral strikes of
the year has just been made on the
Rochester Goldfield, an estate of two
claims the Lone Star and the Texas, To-
Gated approximately five miles east and
there has been driving on the 200-foot
level crosscut for the ledge which, at
the grass roots, gives assays varying
from $40 to $50 gold per ton. This lateral
has reached the vein and has penetrated
it for a distance of five feet, where the
values are plainly greater than at the
surface and appear to be verging upon
the shipping grade.
What lends value to the strike is the
70 hot &c dn In
proved and far from the famous pay belt
of the camp. Surrounding the Rochester
acreage are the Etiwanda, Wheeling.
Pennsylvania, Horseshoe, King David
and Panyan and Whippoorwill. A lease
on the Etiwanda has tapped little bunch
of ore, and it is likely that this comes
from the Rochester's extension.
Has Bargain
Harry Stimler has returned from the
Jagels property, ten miles from Silver
Peak, which he has purchased for $685.
600, more than ever convinced that he has
a bargain. He left men sacking ore on
the lease which was taken by the Ne
vada Consolidated Mines company on a
portion of the Renos claim, with seven
tons Of ore broken and ready for the
sacks. The ore shoot improves with every
shot in the shaft which is being sunk
and grab samples taken from the ore
show an average value of 500, with no
sorting.
Measuring the estimate by the weekly
production of June, July, August and thus
far in September, Goldfield district alone |
is sending to market high grade ore at
the rate of 1914 tons per annum. It is |
fair to estimate the average value of |
this output at 800 per ton, which carries |
the annual production to $15,714,4 400. Di- |
rector of the Mint Roberts predicted that |
the output of the entire state of Nevada |
might reach $15.OOO00O this year. 1t now
seems likely that Goldteld district alone |
will make good his prophecy. for after |
the adjustment of labor troubles that are |
responsible for the shortage of the last |
few weeks it is certain that the rate of |
production will steadily increase till the !
end Of the year.
The average weekly production was
2259 tons for June. 1872 tons for July and |
S545 tons for August The average for
the last fifteen weeks ending on Satur-
day. September Z, was 1922 tons.
In published table there are listed
the number of tons produced by each
mine and lease in the district in June.
july August and the first week of Sem
TENDER. 1t is noted that the mines
sent out 21,1s0 tons by company work. |
ngs and 24,154 tons by leasers operations.
Mines producing through leases alone
are the Black Butte, Florence, Jumbo
Sandstone and st. Ives. Those
producing only on company account are
the Combination Fraction and the Nav
queen. Those from which shipments are
going both on company account and
through leasers are the Consolidated and
Daisy.