The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-03-14

to sink at least 80 feet per month nm.
til a depth of 500 feet is attained
large gasoline hoist has been ordered
and will be on the ground within
few days. The ogilvie lease. which
adjoins the st. Ives on the south and
lies higher up on Balloon Hill, has been
incorporated as the Rawhide oeiIvia-
Reynolds Leasing Company, with a
capitalization Of 1000. 900 shares. An
aggressive campaign of DEVELOPMENT
has been planned, and a shaft is being
sunk rapidly, with the intention of
crosscutting at the 1OO-foot point. The
Grutt Balloon Hill Mining Company
owns a lease adjoining the Kearns No.
l on the north and the st. Ives on the
south. Eugene Grutt, the successful
pioneer operator of the camp, is presi-
dent of this company, which is capt.
talized for 10000 0 shares. Under the
terms of the lease, the leasing COM
pany is required to do 500 feet of
work, either in sinking or drifting,
during the life of the lease. The shaft
is down about so feet, and the last 20
feet is in ore of good milling grade.
Companies are now being organized to
operate the Bull Pup, Yost and Reserve
leases on Queen ground. The Yost
lease. which adjoins the ogilvie-Rey-
nolds lease on the east, has a good
showing on the surface, and is driving
a tunnel to tap the ledge at depth. The
Bull Pup lease is situated on the March
Rose claim and adjoins the Yost on
the east. S%tringers assaying as high as
$25, 900 have been found on the sur
face, and a shaft is being sunk to cut
the vein. This lease has one of the
very best surface showings on Balloon
Hill. The Pike lease is also situated
the Yost on the east. Two well-defined
veins have been opened up on the sur
face, and both carry good milling ore.
The Nat C. Goodwin lease. which ad-
joins the Kearns No. / and the Ogilvie-
Reynolds leases on the east, is now be-
ing developed under the personal di-
rection of j. G. Flynn, mine manager
of the Rawhide Balloon Hill Mining
Company, and good values a al
ready been found in the shaft which
was started last week. The shat is
actually going down on the ore from the
grass-roots. The vein that has
made the Kearns No. 2 the greatest
lease in the camp has been traced
across the Ogilvie-Reynolds lease into
the Nat. C. Goodwin. This vein is the
strongest in the district. 1t is believed
to pass through the Grey Eagle Frac-
ton into the Mascot No. 1, and Mascot
and to wind it's way through the Wild
West claim of the Rawhide Coalition.
Along it's course the bonanza shoWlngs
of the camp are being made. The
Kearns No 1 vein matches with the
Kearns No. 2. 1t crosses the Litigator
claim of the Balloon Hill Mining Com
pany, which adjoins the Queen at
right angles, insuring an ore shoot
on the two properties of fully lSoo
feet long. Thomas Kearns, owner OF
tho Kearns leases, who was in Reno
last Monday. said: Il arrived in Raw
hide from Goldfeld for the first time
about the middle Of last November
After about five days Investigation
7 purchased the Grutt lease on Bal
loon Hill. now known as the kearns
Lease No. /. paying $4,000 for it. When
took charge Of the property the
shaft was down only ten feet from the
end of the short tunnel, but they had
already exposed thirty-fve feet Of ore
that averaged better than $Sz a 'oh'
with several stringers of ore running
as high as $1,000 a ton. l sunk the
shaft on a big BODY of ore, all of high
milling grade, and now, at a depth OF
11s feet, We lave four feet OF ore
that runs over $500 a ton. We ship
nod sixty tons of ore to Goldheld
in December, and it returned sl26 a ton
net. in carload lots. There are TWO
NOR. carloads on the road now that
u,,, nrobab,y run over 5000 a ton, and
&c soop as the new hoist is in place
we will ship a carload every. other day'
We have an immense tonnage Oh ore