CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1908-03-12
CANON MAN INTERESTED IN
NEVADA MINING PROPERTY

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home from Lodi, Nevada. where he
went some ten days ago at the in
stance of group of Denver capital
lists to make an examination of some
mining property they had acquired
from eastern stockholders. at that
place He was accompanied on the
trip by his son-in-law, DIR. C. 1. Burt,
of Denver. and a Mr.. Wolfe of the
same CITY,, both Of whom were inter
ested in the property and were desir-
GUS of making a personal inspection
of the mine, reputed to be one of the
richest in that section of the Silver
state.
Before his visit to the Lodi proper
ty Mr.. Van Buskirk was not in the
least concerned about 1t, nor had he
any curiosity in relation to it. An
inspection OF the mine, however,
changed his attitude to one of absorb
ing interest and Immediately on his
return to Denver he arranged for the
purchase of $4,000 shares of the cap
ital stock of the company, and he will
in the future devote his time to its
exploitation and development. Mr..
Van Buskirk says thai in all his ex-
perience as prospector and miner
of the precious metals he has never
witnessed anything quite SO promis-
ing as he did at Lodi, and, like Col.
Mulberry Sellers, he is confident that
there is millions in It,"
The property is located in Nye
county, Nevada. some 40 miles from
Luning. which is the nearest railroad
point, and was patented in 1875. 1t
was worked for several years by the
crude processes in vogue at that time
and more than $s25,000 In gold and
silver taken out.
Like great many other mining
properties it has passed through many
vicissitudes. and. owing to the fact
that the stockholders were all eastern
people, nothing was done with it for a
long period. The interest in Nevada
as a mining state growing out of the
excitement caused by the marvellous
prosperity of Goldfleld. Tonopah and
Bullfrog and other camps led to an
investigation of the resources OF the
Lodi mine. and. as result, large
part of the stock of the company
which owned the mine was bought up
by Denver and other western people.
The sum of $4,000 in cash was made
,, /, 6rct ymopt arranpoments he
ing made to pay of the remainder OF
the Indebtedness from the proceeds
of the mine itself.
The ore chute from which more than
three-quarters of a million dollars
worth of bullion hay3 been taken, has
now standing ready for extraction an
additional amount of 81 100000, which,
it is computed. can be taken out for
$4,000. Besides all that there is an
old Stag dump on the property con-
tanning 5000 tons of material. worth |
at very least calculation. $25 ton.
There was, many years ago, char |
coal smelter near the mouth of the |
shaft and the extracting processes OF
that time were so wasteful that hard !
ly more than half the metal in the
ore was obtained. This dump is now
valuable asset and will be worked
over The ores from the Lodi mine
containing as they do, considerable
percentage of lead, are self-fuxfng,
great thing from the standpoint OF
economy when 1t comes to smelling.
A modernly equipped, Cotton smeIt-
er will be erected at once on the prop
erty and development work will be
prosecuted rapidly.
Mr. Van Buskrk will leave shortly
for Reno. Nevada, where he will open
an office for the company and devote
his time to its interests. An automo-
bile win be put into commission next
week between Luning and Lodi Tor
the purpose of affording people
means of transportation between the
railroad and the mines. A traction
engine has also been contracted for
to haul the ore and freight to ana
from the railroad and will be in op-
Grafton in less than a month.
II will reduce the cost OF carrying
freight between the railroad and the
mines from $50 to S1.50 ton. Mr..
Van Buskirk says that good mining
properties In Nevada are isolated, that
there is nowhere in that section OF the
country great collection Of paying
mines as Is the case In the Cripple
Creek district. In his opinion Lodi
is destined to be one Of the most re-