The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-09-25

lttN III
pany and the Green Ore Mining and
Leasing company will develop the east
ern half of the Delaware claim and the
Last Chance claim, both companies MS
inc one shaft that is now sunk to a
! depth of $50 feet. The shaft is to be
sunk to a depth of 800 feet at Tie
Joint expense of these two companies,
and at this depth the Black Duck will
drift west ON the big ledge and the
Green Ore will drift eastward. The
Bullfrog Extension Mining company
has leased all its property, including
hosting equipment, tools, camp outfit,
etc. The lease runs for a period ct
.hree wears and on a low royalty basis
ranging from 10 to ID per cent. The
parent company has an agreement with
the several companies TO the effect
that if they erect a mill for the reduc'
tion of the ore any time within tAt
period of three years, that the lease
shall be extended for a period of three
additional years, making a total lease
hold of six years on this property.
The Bullfrog Extension did a great
deal of development work on its own
account. something in excess of one
thousand feet of tunnels, shafts and
crosscuts. hut during the panic of the
latter part of 1907 their funds We're
tied up in a bank failure. since which
time very little work has been done.
There seems to be plenty of work for
the development of good properties
where companies persue the wise and
fair policy of giving leasers long time
leases at low royalties.
r. ". NJ, Columbus, O.-The wells
and springs of the desert region are
few in number and very ~irregulariy
distributed-so irregularly, indeed, that
although in some districts watering
places occur in groups, in others they
are thirty to fifty miles apart. Tn
usual activity in railroad work has so
stimulated prospecting that there is a
large influx of strangers, many of whom
Ito not fully realize the danger OF
travelling through an arid region, and it
is highly important that the springs
and other watering places should be
located as definitely as possible and de
scribed for the benefit of prospectors
and other travellers. 1t is believed
that this urgent need for the dissemin-
alton of information in regard to the
location of known watering places n
the possibility of locating and develop
ing water at other favorable points
will be met in part by a report by w.
G. M~endenhall, which has just been
issued by the U. S. Geological Survey
as Water Supply Paper pa. The pa
per includes a map of the region. More
than 800 watering places are described
and mapped, and the map shows also a
number of the principal roads through
the desert. These roads have not been
surveyed and only approximate loca-
tions are possible, but the map at least
indicates the usual routes of travel.
G. 8. p, ACKNOWLEDGEMENTS
the Golden Anchor properties at Tono
pah. 1t is proposed to clear the Golden
Anchor of the indebtedness that hangs
over it and to purchase additional
ground. To accomplish this the Tono-
pah Merger Mining company has been
organized for 1,000, 900 shares of the
par value of 81 each. r. c. Hall, the
moving spirit in the new promotion, in
a circular to the stockholders of the
Golden Anchor Mining Co., in part,
says: "Cash required to clear the
Golden Anchor Indebtedness and again
own the three patented claims with
the shafts and drifts and machinery
is approximately 100000 divided as fol
lows: Tonopah Banking Corporation,
$35 900; $4,000 for undivided one-third
interest in the Triplet mining claim,
and $4,000 for legal services expended
over a long period of years. These
are debts which absolutely must be
~liquidated before title can be obtained
to this property. To accomplish this
purpose a few of us nave organized a
new company called the Tonopah Mer-
ger Mining Co., capitalized for S 1000,
900, divided into 100000 shares at the
part value of 81 each. This stock will
be used to purchase certain claims for
merly owned by the Midway Extension
Mining company, and to take over the
option above referred to on the Golden
Anchor group
j. T. s., Heron Lake, Minn.-No work
has been done on the property of the
Crescent Searchlight for three wears.
1t was a fake outfit. They plagiarized
all their literature, for instance, D
ing a little paper gotten out by the
Searchlight Gold Extraction Company,
verbatim.
e. T. L, Grandview, Iowa.-The Hub
is not working it's ground nor is the
Baltimore Bell, which had a lease on
the property. There is a bad mixup
between the two companies. A compro
mise was attempted whereby the com.
panies were to consolidate, but il was
never put through. We understand that