The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-12-12

Premier NJ. & l.. Co. was Incorporated
under the laws Of the state of Nevada,
October %. 1908. President, GeorgeE.
Feagans, of Brock & Feagans, jewelers.,
Los Angeles; vice president, George Is.
Church, chief geologist of the Goldfeid
Consolidated Mines company, Golddeld;
f.. II. Schiek, Los Angeles;
directors, Lewis De Sallier, Goldield;
T. Merwin, Goldfeld; c. b. Gillespie;
San Francisco. The lease runs for one
and one-half years from November l.,
1908. Location (400x600 feet) the
south end of the February claim of the
Goldfeld Consolidated Mines company;
the last lease they will grant, by resoiu-
fiop of the board of directors. Shaft:
A double compartment shaft, 300 feet
deep. contracted to be done in 80 days.
On Nov. IL, 1908, mine manager re-
ported shaft down rs feet and IA sets of
in place; working 3 shifts.
Electric hoist, all equipment of best
grade and in place for permanent work.
The shaft is sunk to cut the January
vein which has been developed to
within $50 feet of the side line of
leasehold, at a depth of $50 to 500 feet.
This is the vein on which the January
Jones lease took out over $600,0 900. The
shaft should also cut the Reilly vein,
which strikes to ~obliquely cut the lease
hold, at a depth of 275 to 800 feet. A
strike on this lease is reported on page
l of this issue.
r. q. D., Pittsburg. -Goldfeld Bel
is now quoted about 10 to IL cents
a share. 1t should be a fair purchase,
owing to the developments that are TAX
ing place on the Daisy, which adjoins
it. The Daisy is now under new man
agement, Charles ID. Wilkinson, who
has planned an immediate resumption
of development on an extensive scale.
1t is understood hat the ore deposit of
the Daisy, in which the recent strike
was made, dips obliquely towards the
Goldfeld Belmont. This strike was
made near the side lines of the Belmont,
and is claimed to be the most valuable
of the Daisy's four lodges. 1t is be-
that at depth this ore body
forms on the Belmont property. The
management of the Belmont intends to
begin sinking a shaft and intersect the
Daisy ledge at about the 300-foot level,
for the indications are so strong that
this ledge can be found at this depth.
R. F. j., Briggson, Ore.-The Royal
Flush group, of the Frances Gold Noun
tain company, has been developing
June. At that time a very rich
of ore was opened up on the sur
face. Since, two tunnels have been run
at a point down the hill that will give
depth when the vein is struck. One tun-
mel is in 100 feet and the other, so feet,
about 60 feet to go before the vein
will be reached. The promoters and
managers are people of standing in this
community and not professional brok-
ers or promoters. They have spent a
large amoun of their own money on the
ground, which is well thought of in
Goldfield. Gold Mountain is about 80
miles south of Goldfeld and 10 miles
west of the railroad. A great deal of
work is in progress there. The Royal
Flush group is a high class prospect.
G. L. p, Elmhurst.-The Florence
Consolidated Lease has closed down.
The time limit of the lease has about
been reached and the company was not
in doing any further devel-
opment work for the ore that might be
reached just as the lease expired. The
company has not given out any official
statement as to the profits on the lease.
1t is our understanding that the Flor
ence Consolidated has taken a lease ON
the Broken Hills ground at Helena, and
that the lease is looking well. (2) There
are three leases working on the Red
Hills estate. (3) The Crackerjaek is
being worked by lease under Fairfield
and Mitchell, with good indications.
j. F. B., Erie, Pa.-The Del Monte NJ.
2. f. ~ hos "a looCa ON +ln nopI H0..
claim of the Merger Mines company.
Considerable work was done but re-
the company obtained permission
of the parent company to stop work for
a short time. (2) The Silver State is
near Luning and is being. worked by the
Smith Bros. of Goldfeld. Some ore is
being taken from the property, which
makes a good showing. (3) The Bull
Dog lies east and north of the Daisy.
large amount of work has been done,
hut none recently, except to protect the
property under the law. 1t is well
of in Goldfeld.
e. F., Provo.-The Hero Nevada Min
ing company, owning the Wildcat and
Little Hero property northwest of Far
rell, upon which the remarkable dis
coveries of the last few weeks were
made, has decided to make a mill run
its available ore at the Harras
Demarest mill as soon as the latter is
ready for action. (2) Work has been