The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-06-05

z. B., Chicago.-Options were given
on the property twice, and both times
were allowed to lapse. The people who
took the second option intended to com
plete the railroad from Rawhide to
| Walker lake and there erect a loO-stamp
mill. making one large proposition Oh
mine. mill and railroad. 1t has since
been found, according to reports, that
sufficient water could be developed
right at Rawhide to supply milling
facilities for Rawhide ores, and that 1t
was not necessary to depend upon a mill
at Walker lake. The milling PROPOSE
ton being eliminated, there was no use
for a railroad, hence the whole scheme
fell through. What the report was on
the mine itself, we have not learned;
it was made for the prospective invest
ors and, of course, has never been made
public; the report on the mine ltseii
may or NAV not have been favorable
and it may have been the real reason
for the failure to exercise the option.
The property is producing from several
leases, and if it were properly handled,
there is a belief among those well in
formed that it would make a big mill
ing grade mine.
W.. w, Wiliamsport, Pa.-The prop
erty you inquire about is not now be-
ing operated. A payment of $4,000
was made by the company which held
a POND and lease on it, but further pay
ments on the balance of the bond,
which was for $35O,00O, were recently
allowed to lapse because the company
believed that the showing of the prop
erty did not justify proceeding under
tue option. Operations were consequent
iy suspended. While the company was
working, about $4,000 worth of ore
was produced, but It finally appeared
that the values did not go down in pay
ing quantities. This was the reason
for the abandonment of the deal. Tit
company has since then extended its
operations into other districts, and now
has, we understand, two very promis-
ing leases that bid fair to ''make
good in a substantial way, and wipe
out the disappointment caused by the
failure of the first project. Full de-
tails will probably be given to stock
holders by the company in the near flu
ture.
X. M, Salt Lake.-It is now assured
that the Nevada Wonder property at
Wonder will, within a few months,
have in complete operation a mill to
treat all of it's ores at a comfortable
profit. The construction of such a
plant will give a big impetus to the
entire Wonder district, many properties
in which have remained comparatively
idle while awaiting milling develop
ments. sH
L. G., Milwaukee.-The Gold Reef
property of the Goldfeld Mining and
ore Reduction company is to be active
ly developed and already supplies have
been sent to the property and work on
the Gold Seam group will be started
at once. Within the next few days
lumber and other building material will
be shipped to the property and a %
Ii. p. Fairbanks-Mo hoist and air
compressor will be installed and work
will begin on a 3O0-foot working shaft.
The development shaft is now down
forty feet. The property will probably
become a producer Of good milling ore.
No high grade shipping ore can be ex-
pected.
g. L. B., Albuquerque.-The judg-
ment against the Coming Nation was
taken by L. E. Wilson, the amount be-
ing for $4,000, on the ground of SER
vices rendered as manager, superin-
tendent, or something or other. The
judgment was taken during the first
week of April and there is a period of
OLA hohtho iiOm thot thmS III WhiCh
10 redeem it.
E. F., Sardis, Miss.-We are not per-
sonally acquainted with the people or
the property, and Therefore cannot adj
wise.
j. M. NICE, Philadelphia.-The Raw
hide Daisy is not working, nor has any
work been done ON the property for
six months. 1t looked like a promising
proposition at one time, and if the
ground were thoroughly prospected we
believe that there would be a chance
for ore. The promoters, Davis and
Wheeler, at one time claimed ore, but
if there is any it is low grade.
q. w, Albany, N. Y.-The Boston
people let their lease on the Combina-
tion ground lapse after doing a little
sinking. Got to quarreling, we under
stand, and no money was forthcoming,
the managers at this end shut down.
The Boston promoters were fully
cognizant of the action taken here,
acquiesced in it and permitted the lease
to be forfeited. Consequently there is
no stock to exchange.