The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1909-06-22
FACTS ABOUT CAMP
RICHORE

A1s @ASeAS mas OCCu o84Q 8OOUL t10
new camp of Richore by its owners,
who have been quietly at work explor-
ing their eighteen claims since early
in last January. Almost from the
grass roots glittering specimens Of free
gold ore were encountered, beautifully
colored by bromides, chlorides and oc-
casional nuggets Of christalixsd gold.
The principal work has been ON the
Philadelphia hill claim. Thirty dollar
ore was taken out at ten feet depth.
This has steadily increased until re-
Gently $3.50 ore was found at . depth
of less than thirty feet. The values
are gold and silver, but ~ they 60
down, gold seems to predominate.
The last strike determined the direct
ors to 60 down the side Of the hill AMI
trench for the main ledge and run in
under the great body Of ore, which 10
proven by top exploration. After =
few days work, the ledge was found
and Immediately work win commence
in driving q tunnel, underneath the
present workings. This will give stop.
ing backs of about 200 feet. At that
depth picture" ore 10 great quanti-
ties will, it is thought, be found. The
ore at 80 feet il identical to the high
grade ore from National, which goes
above five dollars per pound.
Leasers are coming in, and IL all
leases were granted that are applied
for, the camp would soon be in the
hands of leasers. This is . fattering
proof Of the camps value, a. leasers
are usually the best class Of miners,
who develop the property at their own
expense, and ask no leases unless well
satisfied they will pay. Two leasing
blocks on the Philadelphia have been
signed. Two on the Germania claim
are ready to sign, and many others are
applied for.
The Irene claim il . silver lead prop
erty and at 80 feet the ore assays 443
per ton. This claim, it il estimated,
will alone be able to supply the mill,
when installed, fifty tons Of ore per
day that win mill over $25 per ton.
In many respects Richors = re-
markable camp, and the Nevada Metal
and Exploration Co., if run upon the
lines mapped out by the resent officers
and directors, will serve to win the con-
fidence Of investors and benefit the
great mining industry of Nevada.
Their treasury stock is guaranteed by
a strong financial company, which pre-
cludes any loss of an investor, a. there
is $1,000 gold bond, equal to q q. 8.
gold bond, put up as guarantee, for
every $1,000 invested in the stock Of
the company. None but guaranteed
stock is offered for sale, and but little
of that. Within few months the CON-
pany will erect mill, of at least 50
tons capacity per day, after which NO
more stock will be sold.
Ore is now arriving from the mines
for the first shipment to Salt Lake,
which will go forward this week. Yes
terday Mr.. ]. K. Mulkey, secretary Of
the company, was approached by . rep
resentative of one of the richest mine
operators in Nevada, with a view Of
buying a controlling interest in the
company. He was politely informed
that the company's property was not
for sale, that he was aware Of.
Ninety-four thousand shares Of pri-
vate stock was sold to prominent Los
Angeles and Winnemucca capitalists
last Saturday. Close inquiry develop
ed that no more such stock could be
bought at present.
Winnemucca merchants are already
receiving many benefits from the do
velopment of this property, and with .
few more "Nationals" and erich
ores,' the only town in central Ne
vada having two transcontinental rail-
roads, will soon be assuming metro
politan conditions.