Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1908-01-08
Discover new
PLACER GROUND

The discovery of placer ground in
the vicinity of Silver Point is the lat
est news of Importance which has to
do with this district. Z
On the acreage of the Royal Ha-
waiian Extension Mining Company,
Vice President James NJ. Cordray has
found surface dirt, which in various
places went 1920, $3.50 and 1920
to the yard.
This ground is about three miles toI
the south and west of Round Noun
tain and the possibilities which the
discovery opens up is impossible of
estimation.
That it will renew the activity in
the search for placer ground it is
needless to say. How much more
auriferous ground there is in the inn
mediate neighborhood of Round
Mountain only prospecting and the
future can determine.
Steady and consistent work has
been in progress in the Silver Point
vicinity and it has had it's ample
reward.
Six separate and distinct lodges
have been uncovered on the group of
four claims owned by the Gold Hill
Consolidated Mining Company. Two
assay returns from the Office of VIM.
Berg, which were seen by the Nugget
representative, gave the following re-
suits:
Gold $112O, silver $40 ounces,
total $419.90; gold $3.50, silver 200
ounces, total $135.SO.
There are number of shafts and
tunnels which were abandoned many
years ago, and these Mr.. Cordray,
who is president of the company, has
had men at work on opening up with
the result previously mentioned.
In the breast of one tunnel, AT
about thirty feet, four-foot ledge
was broken into. while a three-foot
ledge was cut in the bottom OF
thirty-five-foot shaft. 1t is from these
two places that the assays given above
were obtained.
Several rich seams and strlnger'
run through these ore bodies, whicf
assayed into the three figures. Th'
other ore bodies encountered are low
4 grade milling propositions, which av
erage from seven to ten dollar
throughout as far as has been deter
= mined.
= The Gold Hill Consolidated Min
ing Company is rich in its own right
being owned by an association OF Sal
Francisco capitalists with the follow
ing officers: President, James N
, Cordray; vice-president, Cleve PicS
rell; secretary, Chas. Pickrell. an
: treasurer James NJ Cordray
- The main Office is in San Francisc
J, and Mr.. Cordray intends making
: trip to that city in the near future
:, when he will bring up matters l
connection with ther construction c
= mill which is now being conten
plated. Applications. are in for Tn
use of the waters of both Jet cree
in the Toyabe range and Maripos
creek in the Toquima range, the FOL
mer necessitating the piping OF tn
water the entire distance across Ri
Smokey valley. 1t is Mr.. Cordray
A
intention to apply the water for tn
:. generation of electric power wnlc
= will be used to work the mill.
:, No definite plans are as yet form'
~ lated. but Mr.. Cordray is authorii
for the statement that there is lit
:" doubt that the mill will be put U
sometime during the course OF II
next twelve months.
If further developments reveal Il
fact that there is any great quanti
OF workable placer ground, the pi
ing of the water will at least be
assured fact, as the sluicing and h
" draulic methods, which have been
L successfully applied by the Rour
Mountain Hydraulic Company, will
used.
III, Mr.. Cordray is an experienced al
ne conservative mining man and that
20 is enthusiastic about the possibiliti
he of his two great properties goes wit
he out saying. The Nugget represent
ng tive was shown over the ground al
MS that Mr.. Cordray has reason for
nd great faith in the ground was amp
ell proven. Mountain Nugget.
be-
alt ..x,.r,,.