The San Francisco call., 1908-11-01
FLORENCE lFSSfES
CLEAN UP MILLION
Two More Dividends viii Be
Declared on This Ne
yada Mine
Work on Big Modern Smelter
in Ell Dorado Canyon Is
Being Rushed

Half mile below Nelson, in the FL
Dorado canyon, says the Goldheld
News, the work of erecting new
plant in southern Nevada is proceeding
rapidly John T. Loder is the builder
for the Santa Barbara company that is
back of the enterprise The heaviest
machinery in the main building has
been placed. The sampler house has
ben erected above the smelter Many
other buildings that are necessary to
the smelling plant have been completed.
Several properties have ores ready to
go to the new plant.
The Engineers lease on the Florence
ground, in the Goldfleld district, accord
ing to the reports of those who were
connected with the lease, took out in
gold, in few months. $1,2o0.ooo. OF
this sum the Florence Goldfeld re-
ceived something more than 100000 In
royalties. The operating expenses are
reported to have been $4,000 Adding
to this the bullion.tax and incidentals,
the returns were about 100000 on the
basis of the reports. The sum of $780,
600 was distributed in dividends. in ad-
dition to the payments for the original
treasury stock. Two more dividends
will be declared and then the lease will
be out of business The stock was
owned largely by three young Gold
field engineers, who have been made
rich by their operation of the En-
gineer's property. The time for the
lease had not expired when the miners
concluded to stop, but they had taken
out the high grade ore in sight, down
to the $50 grade. below which the par
ent company does not permit extraction
by leasers., The last load of ore has
been sent out from the bins, and all
that remains to be done is to clean
UP values from the dumps.
The Rawhide correspondent Of the
Goldfleld News writes that the de-
signer of the big milling plant of the
Goldfield Consolidated Mines company
has been in Rawhide considering the
milling possibilities of the district The
proposition discussed is the erection of
mill Of 500 tons a day capacity. The
management of the Rawhide Coalition
Mines company plans to sink a three
compartment shaft to develop ores for
the mill, going down 1000 feet at q
point near the middle Of the company's
acreage.
The same correspondent writes also
regarding the Rawhide district:
As soon as the new hosting engine is in com
mission at the lease of the Rawhide Sunbeam
mining and leasing company on the estate OF
the Coalition company the main working shaft
depth Of $50 feet. At the lower level the entire
block Is to be crosscut and proved up.
In the Marigold lease, IN the north drift from
the west crosscut, Riggs has uncovered ledge
two feet wide that carries gold and silver. The
ledge lies in a contact of dacite and ryholite,
the counterpart of that prevailing IN the Grutt
lease.
The lease on block No. on the Sunbeam
claim of the Coalition company is being devel-
oped under the supervision of George Goeppert
Jr. and Peter Bangier. They recently trans
ferred the leasehold to the Hoolgan Hill-Coali.
ton mining company. The shaft the block Is
down 96 feet, where is exposed pa foot body
of milling ore. Sinking is to continue until q
depth of ls5 feet is gained, and at that level a
erosscut will be run.
Plans have been formulated for the compre-
hensive development of the 500 acre estate of
the Rawhide Consolidated placer company, 10,
Gated on the fat south from the townsite.
20 inch streak of has been discovered
at the James Brothers lease on the Hoodlum
claim. The deposit is Identical with that ex.
posed in the King Hill lease workings on the
estate OF the Rawhide Coalition mines company.
Adjoining the James leasehold on the northeast
is that OF Shannon and associates. The shaft IS
down 56 feet The ledge has been intersected In
the Shannon workings.
At the Morrissey lease on the estate of the
Rawhide mining company the ledge Is showing
a width of IA feet and has value of from 81!
ter of ore is blocked out below ground and con
siderable tonnage is piled on dump.
Another vein has been opened up in the cross
cut from the 200 foot level of the st. Ives lease
company. small shipment of high grade went
out from the lease few days ago to the sampler
at Hazen.
! A shipment of ore estimated to have. an aver
age value Of at least $50 per ton is being pre-
pared at the WestoVer lease in the north end OF
the camp. The ore is mined from the south
drift ar the so foot level in the continuation II
the northeast OF the main Coalition dixie system