The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-02-08
NEWS OF MANHATTAN DISTRICT

ciared its stock dividend and pro rated
to stockholders of record in the Dexter
shares in the Union Extension
and other companies at that time SUB
sidiary to the Dexter company. The
Lemon mill is saving about 81 per cent
of extraction. II is to be increased from
10 to 15-stamps. and is to at once be
equipped with a small sampler. Once
the latter is installed settlement for ores
will be made Immediately after sampling
instead Of compelling shippers to walt
until the celan-ups.
urYoB1Axz n1B SAx1
The most important transfer Of min
ing acreage made here in a number OF
months occurred a few days ago when
Frank p. Davis and partners surrendered
title to the Gold Reef group of three
claims to a party Of. San Jose. Cal,
capitalists. represented by Thomas Rea.
The purchase price is placed at $4,000
cash and a large block of stock In the
company which Is to In. future have
charge of development of the acreage.
The claims are located about one mile
southwest of the Mustang. and the ledge
outcrop ~traversing them can be traced
to within a short distance of the Mus
tang shaft. This ledge Is not. however.
that from which so much in the way of
high grade ore has been mined in Mus
tang workings. and from which the
Thanksgiving management Is o ex-
tracing a large and valuable tonnage.
THANKSGIVING YLAND
1t Is announced that the Thanksgiving
shaft is to be sunk to a depth of 500
feet at once. To that end a larger work.
ing force than heretofore Is on the Job.
Further announcement Is to the efect
that the property is to be developed ex-
tensively regardless of whether or not
the local mills are prepared to accept
Thanksgiving ores for reduction. 1t Is
to be hoped that nothing will transpire
to change these announced plans of the
management as the property has mineral
worth second to none in this camp. Work
Is being prosecuted on all three levels at
this time and to good purpose In way
Of ore yield. Owing to the small acre.
age development is perforce confined
largely to exploration to the west. the
direction on which the company has the
greatest length on ledge. To the east
the deposits have been followed to line
of the Mustang.
Vx39V 9Oo
Pressure of financial stringency and
the several other misfortunes of the fag-
end of 1907. were ineffective in %curtail-
ing development at the Otero mine, one
of the best mining propositions in the
east end of the district. On the lower
level-a depth of 236 feet-a crosscut
Is being run out to the north to contact
with the rich ore body tapped in the up
per workings. The breast of this cut is
now out from the shaft a distance of lis
feet and it's breast is completely filled
with naturalization. sulphides being a
pronounced characteristic. These condi-
tons lead to the belief that the objective
point Is not far distant. Further evil
dence of the nearness of the ore body is
found in the fact that water obtains in
the drill holes. 1t is not unlikely that
the cut is now in the foot wall Of the
main Otero contact, which in turn. is the
extension OF the MISUNDERSTANDING
ledge. Assay returns indicate an aver
age gold grade of s6.42 the ton in the
country rock. Where opened above. the
ledge sought at the present level is out
of ordinary rich in gold. and at the depth
now attained will doubtless maintain its
gold content and be better defined. There
is every prospect for the Otero's becom-
ing a shipper early the present year.
MINERAL NIL DHvEx0PNEMT
High grade gofdSvalues continue to as
sociate with the ledge being developed
to the west at a depth Of 200 feet on the
Mineral Hill estate. With but one wall
in sight the vein is showing better than
Z feet wide. and carries a 12-inch streak
that pans gold freely. The drift is to be
extended another 100 feet. 1t is also the
Intention to sink the shaft to the 400
foot point and at that depth to once
more test out this ledge.