The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-08-11
G0LDF|ELO CON.
IN GOOD FORM
Triple, THOMPSON 4 co. LET
TER ON THE COMPANY ENTERS
INTO DETAILS OF WORK.
NEARLY $3,OOO,OOO DIVIDENDS

hlppe, thompson d GO. nave is
sued the following circular letter on
Goldfield Consolidated:
Authorized capital, 5000 900
shares, par $40, 5000, 900. Issued
to December 21, 1908: 3~,546,O13
shares, par $40, $35,460,130.
The number of shares issued is
subject to increase as all of the stock
of the Goldfield Mohawk Mining
company also owns rights in the
Jumbo Mining company of Goldfield.
Laguna Mining Co., and the Goldfield
Mining company of Nevada have not
yet been exchanged for Goldfield
Consolidated stock, although the
Goldfield Consolidated Mines COM
pany, at the present time, WINS APP
proximately 80 per cent of its sub
salaries.
The Goldfield Consolidated Mines
company's property is located in
Goldfield, in Southern Nevada. In
addition to the 1906 acres of mining
ground the company owns approx
mately % per cen of the c.. o. ID.
Consolidated Mining company, a cor
poration capitalized at $4,000, 600,
operating the Goldfield G.. o.. ID.
Mining company's property of 6O.4
acres; the Goldfield Bar Mining COM
pany, 9.57 acres; the Victor claim,
1873 acres, and the Victor Fraction,
ASS acres, or a total of $500 acres.
The Goldfield Consolidated Mines
pcampany also owns rights In the
Vinegorone and Polverde claims.
The Goldfield Mohawk Mining
company comprises the Mohawk No.
| and Mohawk No. 2, the latter only
being worked at the present time:
The Red Top Mining company oper-
ates the Red Top and Miss Jessie
| claims. the former being worked by
the company and the latter by leas-
ing. The Combination Mine & Mill
operates the Combination No. ] and
Combination No. 2 claims, both OF
which are being worked. 1t was on
this ground that the Hampton Ore
Body was recently discovered. The
value in this shoot is IN by
the management at $4,0OO,00O. Inc
Jumbo Mining company operates the
Lucky Boy, Clermont, Grizzly Bear
and Jumbo claims. The Goldfleld
Mining company of Nevada operates
the January and FEBRUARY claims.
The former is not beng worked; the
latter by leasers. The Laguna Gold
field Mining company is not operat-
ing at present.
PRODUCTION TO JANUARY 1, 1909
The production from the above
properties to January j, 1903, has
been as follows:
Combination ,71,474.20 tons. gross
value S9,795. 253.07.
Mohawk, %1OS,056s47 ton, gross
value, $10,150,sO7.lo.
Red Top, 14,46-.61 tons, gross
value. S6~67,452.92.
Jumbo, 1~1,s79.67, tons, gross
value. 1916, 613.9s.
Laguna, 1,156.50 tons, gross
value, $4S,754.55.s
Goldfield Mining Co., ~3,69S,S9
tons, gross value, $~S2,976.02.
Total tonnage, ~210,230.34. Total
value, 1891, 357.71.
The company towns two mills, the
Combination of 20 stamps and the
new Consolidated of 100 stamps. The
latter, which was constructed at an
expense of nearly a million dollars,
was put II operation about the first OF
the year and S now running approx
imately to full capacity, 1t is estl-
mated that the new mill will effect
a saving annually of 100000 over
the former method of shipping. This
100 stamp mill is probably the most
up to date of it's kind in the country
It's rated capacity is coo tons pei
day.
The mines and mill are connected
by the company's railroad two miles
in lenght. The total cost OF con-
structing the mill, railroad and pipe
line, was approximately 100000.
Owing to the vein formation and
occurrence of ore it is an extrem-
ly difficult matter to compute the
ore reserves. The report for l9Oi
states that lnere was $17,OOO,0Ot
net in the reserves, assuming the
bonanza and low grade milled to
gether.
The property has now yielded ovel
SIS, OOO,0 900 above the 400-ft. level
and the management thought it safe
to predict (Jan. End, 1900 an ad'
ditional production of $15,00O,0OC
FROM, tho curfaco down to the o.