The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-01-30

Mogul mountain, nearly nine miles
to the north of Tonopah, and seven
miles from the main line of the Tono-
pah & Goidfeld railway, seems in a fair
way to be the scene of extensive min
ing development in the near future b.
the Mogul Consolidated Mines company,
which is formed of New York and Nor
folk, Va, capitalists. Under the dircc-
ton of Engineer J.. v. Priest prospect
work has been under way for the past
year on this property and this work,
coupled with some dcsultory work
which had besa- done -by-a-prexious
1.ioidrhg company, has proved up the
property to such an extent that the
New York & London Finance company
Of New York City, has arranged to sup
ply the finances necessary for the in
s~tallation of a big, modern hoist and
other mine equipment, as well as a mill
for handling the ore which has been
taken out of and is blocked out in, the
property. Although the company has
been to this time Il close corporation,
the financing company is floating {;
stock issue. 1t has long been known
that there were considerable bodies Of
lead-silver ore, with slight gold con
tent, to the north and west of Tonopal,
and if the Mogul mine, with extensive
operations, vindicates the faith of its
materially extending the mineral zone
of the Tonopah district. Engineer J.
V. Priest of the Mogul mine in con
~vcrsation with a News representative
said, in effect:
Mine Well Developed
''The Mogul company has been CO.'S
parativcly unknown for the fact that
it has been until now a close corpora
tion, it's fnancers preforring to explore
the property until they were reasonably
certain that they had what could be
developed into a paying mine. We have
been working steadily, ono of our New
York hackers alone, w. I. Ray, having
spent over $1,000 in the continuation
of this prospect work. We have one
shaft down 700 feet, the shaft aud
crosscuts exposing large bodies of good
milling ore which will run between $40
and $40 in gold and silver. The shaft
which we will make our main working
shaft, however, is down only $50 feet,
and in better location to economically
handle the ore which is broken down.
We have more thar 1000 feet of lateral
workings from these shafts, and there
is a great quantity of ore exposed. IN
some of the low grade veins there are
shoots of ore which will run from $50
to $3.50 per ton, these, however, open
ing up and then pinching out, and serv-
ing merely to bring up the average 81
the low grade ore. A good deal of orc
that will average better thar $50 psi
ton is in sight, and returns from tho
Salt Lake firm to which we have
shipped several carloads Of ore show
that the whole lot averaged slightly
over $31 per ton.
while the general body Of the orr
is silver and gold, with a slight trace
of copper, there are some shoots which
are heavy in lead and silver. Thc
country rock is a lime shale. through
which intrude dykes of quartzite am
rhyolite. the values being found chiefly
along the contacts of the dykes will
the lime formation, where there az,
heavy deposits of carbonates.
After Big Contact Vein
"Lower on the SHE of the mountair
is a horseshoe.s shaped contact vein
which to my mind closely resembles the
GoldGeld horseshoe vein, and which !: