The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-10
LIVE GOLDFIELD NEWS.
Salt Laker In Rich lease-Original
Velvet Being Watched.

Goldfield, Oct. 9.-The feature of the
weeks production of ore was the heavy
the Jumbo Extension. The lease adjoins
the company shaft of the Mohawk, and
is mining from the same rich ore shoots
that have made that mine famous. The
production from this small block of
ground during the seven days just
past was 1900 tons of ore of an aver
age value of $50 per ton. The leasing
company has posted per cent dividends,
able Oct. %. Harry Mcmillan, a former
Salt Lake resident, and an old time
newspaper man, is one of the promoters
and chief stockholders.
The production of ore for the week was
seriously curtailed by the railroad strike
but at that 1t came within a few tons
of the biggest week in the history of the
camp. 1t consisted of 3746 tons of an
tire lot being purchased by the Nevada
Goldfield reduction works and the West
ern Ore Purchasing company, both local
samplers.
Original Velvet Attracts Attention.
Mining men are watching with keen in
terest the developments in the Original
Velvet lease, east of the big producers.
Two years ago rich shoot of ore was
found close to the surface, which con-
tanned some of the richest ore ever mined
in the district. The vein, discovered by
Reub Ryder, faulted and has never since
been located. The Original Velvet, it is
claimed. has the same vein in its block
which embraces the Ryder discovery.
The vein was found in a south cross
cut at a depth of seventy-five feet and
contains two feet of ore that breaks
SIS ton-an oxidiZed material which is
identical in appearance with the Ryder
quartz. Louis Schloss, president of the
Kewanos Mining company, which adjoins
the Velvet, is manager of the leasing
company, and has started a cross-cut
frOv, he chaf On hn 80 N
search of the same ore shoot
Mill for the Florence.
Tom Lockhart, president of the Flor
ence Mining company, has just returned
from Denver, where he went to consult
with Vice President Parker, the Colorado
Southern railroad man, and to hurry
forward material for the big mill which
is being constructed to treat the low
grade ores of the Florence. 1t is ex-
pected that the plant, which will have
daily capacity of 100 tons. will be ready
for work by Jan. 1, unless the railroad
strike is prolonged. Mr.. Lockhart stated
that he and Mr.. Parker had decided that
it would be inadviSable to commence the
payment of dividends until the mill has
commenced to grind and definite ba-
sis for distribution can be decided upon
The company has nearly half million
dollars in its treasury, earned, principal
ly. by royalties from leasing companies,
and has mill ore to the value of ST.,
100000 exposed in the mine, which is
opened only to a depth of $50 feet.
The Little Florence lease has followed
the shoot of high grade clear to the
company's lines, and has about COM
pleted a 5O0-fOot shaft. If Lockhart de-
cides to work this ore through the lease
shaft at the expiration of the lease. Feb
T. he can add materially to the revenue
OF the company. The Florence has sew
eral other leases in operation. some of
which are in ore of a fair grade, and
it is considered one Of the best mines
in the district.