The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-10-31

IOONOtIOSC " A\SSEo
While Development Goes on Uith
Ever Gaining Results; HoW HLo0ks
Another week of large activity in the Ely stocks has gone
by. leaving in it's trail profits of several hundred thousands of
dollars for those who pinned their faith to the camp and had
the grit to hold on, while on the horizon is promise OF still great
er and better things ahead.
BASED ON REsULTS-The stock market activity and
gain for the Elys is based on results at the mines and in the sue
cessful conduct of the reduction works of the district, which are
turning out their copper at lower cost than elsewhere being at
tanned. Enthusiasm has been made everywhere by reason OF the
success that has attained mining and smelling here, climax be-
ing provided in entry Of the camp to the dividend class.
ALL WANT INA year and a half ago there were those
both at home and abroad who were impatient for results and not
a few who then derided the prospect of dividends under several
years. There were even those who freely expressed the opinion
that the production of copper was a long ways ahead, while the
News received more than one letter from abroad in which dec
laration occurred that it was not promises but copper that was
wanted. Today these people are in the front OF the rush to get
in. They are convinced and are hammering themselves for hav-
Inc hammered, and for incidentally having let go when they
should have been buying.
% INCREASED REsOURCEs-Ai the time that the camp
has been going ahead with its production it has been busiy en-
gagged in the development of more ore. The results attendant
have surprised all original expectations, and are still being
added to every day. The drills on Ruth property of Nevada
Con. this season have more than doubled the resources of that
great property, while at Copper Flat the constant extension of
the ore body beyond the limits at first set for the pit has been
no less a surprise to the management than to the public, and
they are not yet to the end of their producing area. Also west
of Copper Flat, where there was no original expectation of ore,
The Liberty group has been demonstrated as a steam shovel
DOQy ILL DelOI long Will De uel1VcIluS ILL SOOuS.
STEAM SHOVEL D-Devel by Nevada
Con. and Giroux of steam shovel ground to date is not believed
by any manner of means to cover the possibilities in the camp
for this manner Of cheap mining. The more the district is look
ed over the stronger the opinion that it will come into a great
deal more steam shovel property before the game is through.
All the way up Robinson CANYON are steam shovel sites which
will yet be worked. It is only a question of the development
which the present movement toward reinancing and resuming
development on the part of practically all the smaller organiiza-
lions in the district will bring about within the next six months.
They will not all make mines, but not a few of them will.
ERA FOR PRosPEcTING-The leaders who started in
during the summer broke the way for an era of prospecting
which is going to be of big aid in widening the proven area of
the camp within the next year or two. 1t set up the fever. The
rich ore on the contact in the lime with the subsequent demon
stration of Boston Ely, and more recently by Ely Con, of the
value of the lime in the camp also awakened a new line of pros
pecting and unless signs fail it is going to broaden into the big
gest thing the district has yet had the advantage of.
DEPTH IN G~IROUX-Also the faith in the lime is going to
lead the way to an era of deep mining in the camp. It is but a
question of time until Giroux is ready to sink below it's 1,2OO
level, and they are rushing their work along just as fast as
money and ingenuity can make a first class job go to the end Of
getting at that sinking. At 1000 feet or deeper, Thomas F.
Cole believes that the property will get into its real ore body,
the big deposit of %sulphides, and that it will make copper people
the world over sit up and take notice. Mr.. Cole is a specialist in
the lime and he has been very successful in his researches in it.
It would be folly to dispute his belief in the case of Giroux un-
til proved incorrect. So far he has the advantage in his conten-
ton Of the presence Of all the symptoms requisite to the making
of a first class case.
CAM WILL GO DowN-Boston Ely is in the same boat
with the same SYMPTOMS present in its shaft, now down around
the 100. Like Giroux it is going to keep on down. Let these
two mines catch the ore they are expecting and which there
seems every good reason to believe they will get, and everybody
in the Ely district will go down. 1t will then be a matter of very
short time until the camp stands forth as a deep one as well as a
great close to the surface porphyry mining proposition, with
many years OF ore of value of many millions of dollars on top as
well as at the bottom.
ORE N COPPER-The Copper Flat steam shobels are
holding up their output in excellent manner and will keep at it.
They are giving the concentration all it can handle. The tonnage
crushed this month will be about the same as last month. COP
per output, however, will probably not be quite so large, there
having been some delays and minor troubles to contend with
which put them behind. This will be picked up and probably
more next month. While the fourth reverberatory is in opera
ton one OF the other three has been down for repairs.
Ely Central, Boston Fly, EIv
Con, are all crowding ahead with their work and making the
time tell. Giroux drills continue exploitation of the ground
with very satisfactory results. while at the new shaft the snlon-