Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-12-07
GOLD REEF SEAM
SELLS FOR CASH
CONSIDERATION IN DEAL IS
$4,000
Golden Arrow District Improves with
DeVeIopment-six Strong Lodges
Unfold-Andesite Ore in
Well Defined Walls
omlinson Commercial Mining Agency

GOLDFIELD, Dec. 6.-The Gold Reef
Seam group of six claims, located in the
heart of the Gold Reef district, and
owned by Thomas Fleming, was sold
last week to the Goldfield Mining and
Ore Reduction company of Goldfield.
The total consideration for the prop
erty is $4,000, and a substantial pay
ment has been made. The articles Of
the sale call for a final payment to be
made in six months.
The deal was concluded by Martin
Arnold of Goldfield, manager of the
Goldfield Mining and Ore Reduction
company, and DIR. A. II. Elftman, con-
sulting engineer of the same company.
During the past month these men made
several examinations of the property
and are satisfied that it will be one of
the best mines in the district. Surface
work will be started on the property
within the next ten days, and the sink
ing of a shaft will be begun. AS soon
as depth is REACHED that will call for the
use of a gasoline hoist one will be in
stalled and will be the duplicate of the
hoist now in operation on the Goldfeld
property of the company. 1t is their
intention to sink to the 400-foot level
before any oss-cutting is done, as
they believe that the values increase
with depth.
The property is located four miles
lIOIll ill6 ram Oetu anu 10 IGStly cast u
the Gold Reef townsite. 1t joins the
properties of the Tonopah- Racine Min
ing company, the WhiteWolf group, the
Preston group and the Horseshoe group.
There are several veins on the Gold
Seam group that crop out ON the sur
face for over a distance of 100 feet.
Specimens taken from these Lodges
show free gold and assays give returns
of about $11 to the ton in gold and
trace of silver.
The Rico shaft on the Horseshoe
group is now down fifty feet, and is
working on a five-foot vein, which av-
erages SIS to the ton. l.. i. Gilman,
president of the Nevada Rico COM
pany, states that a hoist will be erected
on the property and sinking resumed
within sixty days.
Report of Oil Strike
The report that oil had been struck
in the Nevada Bay State ground on
the salt marsh between Goldfield and
Blair, is the talk of the city, but no
one has arrived from the field, and
those who are interested here in the
oil location have not left yet for the
scene of what, if it be true that oil
has actually been found, would make
many of them very rich in short
time
The Indictment weather was the cause
there was good excuse for this, as the
second good snowstorm of the year set
in early in the day.
From. Blair the report is that there
Is no particular excitement in regard
to the discovery, and, owing to the
threatening blizzard on the marsh, no
one had left town for the oil camp.
]. t. Minchin, representative of the
Boston company, on whose ground the
oil is believed to have been entered at
a depth of 450 feet, will leave for the
field, accompanied by local capitalists
who own acreage in the neighborhood.
He is of the opinion that H. A. Miller,
who is on the ground, evidently looked
for him on the strength of the telegram
he sent from Blair. If there were any
new developments he did not take the
trouble to wire Minchin.
From the Golden Arrow district come
reports that the properties there are
looking better all the time. Prospect
ing work on the Cotter property has
developed more than half a dozen
strong lodges, which pan good gold
values, aside from the ledge on which
the main shaft is being sunk. There
are six or eight shafts on the property
ranging from fifty to 1875 feet in depth
On the Golden Bar ledge, where the
main shaft is being driven down on
an incline, following the ledge, a depth
eral short crosscuts at different levels,
to determine the extent of the ore BODY.
Values Increase with Depth
From a width of three feet at the top
the ledge has widened out to fourteen
feet at the bottom, and the values are
slowly but steadily increasing. Nosas-
says have been made from the lower
part of the shaft for some time, but at
the 227-foot level, where the last
average sample was taken, two and a
half feet of the five-foot ledge showed
an average assay of $S5 in gold. The
balance of the ledge did not run quite
so high
The ore is what is known as ande-
site. and has well defined walls. A
Rig gasoline hoist is chugging away at
this shaft and work is being rushed.
BY the way. there is plenty of water
but a short distance from the property,
and indications are that the Golden
Bar shaft itself will in the future de-
velop possibly enough water for mill
ing operations, for something like 5000
gallons per day is being lifted out of
the mine on the skip at present.