Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1908-04-17
GOLD CIRCLES
MINERAL ZONE

The exploitation so far advanced
in Gold Circle district would not only
indicate the strength of this mineral
lied area from north to south, but I'll
also appears to demonstrate the fact
that the width of this mineral-bear-
ing territory is now hardly dreamed
of; for there is every reason to be-
lieve that the famous Dexter lead of
Tuscarora district is cross lode In
Gold Circle, for some of the cross
veins in this district are directly on
the trend of the great Dexter lead
As matter of history, it is well
known that group Of mines of
which the Dexter was one, in Tusca-
rora district, within few years pro-
duced the enormous sum of forty
million dollars. And this vast
amount was actually extracted at a
depth not greater than six hundred
feet below the surface and the major
part of which was taken out within
three hundred feet of the surface
There is every reason to believe
that Gold Circle district will be ac-
tually connected with the old Tusca-
rora camp by that aggressive exploit
alton which is now being advanced
in that direction from this end of tho
road; for very important disclosur IS
have been made within the past two
or three weeks directly in line with
this theory in Oregon Gulch, in Scrap
err Gulch and on Fraser Creek, and
as the same formation is in evidence
and the same geological conditions
prevail on the surface, it is only rea-
sonable to anticipate. such a crafty
ing result.
1t now seems to be settled fac.
that Tuscarora will again be in the
limelight, for that prince of good
fellows and mining man Of conced-
ed ability and sterling integrity, H.
]. Mayham, seems to have consum-
mated giant merger which COM
Dimes all of the old producers Of that
camp into combination and 1t is
now financed by sufficient capital to
warrant the positive statement that
a triple compartment shaft will b.
at once started and driven to a depth
of at least one thousand feet without
unreasonable delay.
Included in this arrangement will
be a railroad fifty-two miles 10 i
from Elko, on the main line Of the
Southern Pacific railroad. to Tusca-
rora, and it is estimated that this
part of the proposition alone will re-
quire an expenditure of about $780,
900, and the operations at the miner
will require about like sum.
Included in this merger is about
two thousand acres of an auriferoul
deposit. carrying exceedingly high
lgold values, and 1t is conservatiyely
estimated that there is SUFFICIENT
dividend earning capacity to this par,
of the estate to fully warrant the
operation on the extensive line now
suggested.
1t is stated that Mr.. Mayham viii
come out here from New York at an
early date and personally direct the
linitiatory steps in this giant under.
taking.
About two years ago the loIt
pumps in the Dexter mine were bu,
at work and the lower levels Of the
property were nnwatered, in order ste
permit an exhaustive examination O.
the very lowest depth attained on til,
mineralized vein. and it was at thai
time disclosed that there were vas
shoots actually in sight and blocked
out, carrying exceedingly high val
ues, indeed. entirely suTicient Z
warrant the advancement Of these OBJ
erations.
i Tuscarora is in the limelight an,
her prosperity will only add to tn,
lustre at present experienced in Coli
Circle district. for the exploitation a
depth of the Dexter vein in Col,
Circle district will really demand
very careful geological examination