Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-11-28
BIG GOLDFIELD
MINE TO REPORT
ANNUAL MEETING TO BE HELD
AT EVANSTON WYOMING
Announcement Made That Accurate
Statement of Work Done and
Profits Made VIII Be
Presented
Especial to Tho Herald. ]

Especial TO The Herald
GOLDFIELD, New, Nov. 27.-From
the offices of the Goldfleld Console
dated Mines company notices will be
sent out tomorrow advising all stock
holders that only those stockholders
lwho are of record at the close Of busl-
ness December 10 shall be entitled TO
vote at the annual meeting to be held
at Evanston, Wyoming, January 10,
1910. The notice also contains the in
formation which will be of interest to
the investing public generally that the
books of the company will not oe
closed, as previously announced and as
has been the custom with all mining
companies, and transfers Of stock may
proceed without interruption during the
dividend period. This step, which is a
distinct innovation i'm methods of hand
ling stock transactions, is rendered
possible by a new system Of account
ing which has been adopted by the big
merger company.
| The few changes which It was neces-
sary to make at the 100-stamp mill of
the Consolidated for the installation of
the 6-foot Chilean mills and additional
cyanide tanks have been completed and
the mills will be in place and operating
by the middle of December, giving the
plant capacity of from $50 to 300 tons
daily.
Treating $50 Tons Daily
The mill, which has a stated capacity
at present of 600 tons daily has been
treating an average of $50 tons every
| twenty-four hours for the past three
months. At first 1t was planned to in
stall additional batteries of stamps,
but this plan finally was abandoned in
favor OF the Chileans, the use Of which
will give equally good results by re-
lieving the stamps of large part of
the crushing and render possible the
| -
pediting the handling Of the product.
Development I'm the new levels from
the Clermont shaft continues to expose
vast tonnage of excellent ore, and II
is to be expected that by the end of
the year the 1000-foot level will have
penetrated the vein which has been
proved of bonanza proportions at the
levels above. The work at this deepest
level was delayed for a time by a
heavy flow of water and the unstable
character of the ground, but a pump
of large capacity was installed at the
1000 station, and the mine is now ef-
fectually drained and progress Is as
driving to the west toward the great
Mohawk vein.
Great Ore Body Exposed
For distance of over $50 feet at the
S60-foot level drifts have followed the
ore shoot, which is twenty feet wide |
and carries good milling values |
throughout this width. The ore body |
exposed at the 730-foot level is pro-
nounced by experts to be the greatest |
known deposit of high grade gold ore |
In any mine on earth.
The annual report of the manager, |
which will be submitted to the stock
holders at the meeting of January 10, |
will embody q complete description of |
the years operations, showing the ex-
act tonnage mined and treated, to-
gether with the value of ore from
every separate part of the vast work.
ings, which are now in excess Of thir-
ty-flve miles, and will contain esti-
mates of the available ore reserves,
based upon exhaustive surveys that
have been in progress for some time
past. Heretofore, the management al
ways has refused to be committed to
an estimate of ore reserves, and it is
freely predicted that the figures given
by Manager Mackenzie will come as a
surprise to many who are unfamiliar
with the magnitude and richness of the
deposits already blocked out in these
mines.
New General Manager
Mr.. ]. r. Finlay, who will succeed
John H. Mackenzie as general manager
of the Consolidated on January l. is
now in New York, but will return here
in time to assume his duties the first
of the new year. The new manager is
a Harvard graduate, a comparative
ly young man, still under As, and in his
collegiate days was a renowned ath-
lete. During the past few years, since
from the management of the
Portland mine at Cripple Creek, he has
headquarters in New York
and has acted in the capacity of con-
sulting engineer to number of the
foremost mining companies in this
country and Canada, visiting their
periodically for the purpose
of supervising their general conduct,
and he Is said to be one of the ablest
managers and biologists in the coun-
try. He frequently has been called
upon to lecture before geological and
scientific societies and mining depart
ments of colleges
The process of treating concentrates
and reducing their mineral content to
bullion, which was invented by Super
intendent Hutchinson of the Console
experiments In the old Kin
kead mill on the side Of Columbia I
has proved to be most sue
cessfuls in operation. and the entire ,
product of the company's mines is J
now reduced to ingots of bullion and
shipped by express directly to the {
United States mint. The saving effected s
by this process since the refinery was
built in connection with the big mill,
early this year. has amounted to hum
dreds of thousands of dollars as the {
freight rates on concentrates are ex-
ceedingly high, varying according to I
the value of the product and ranging, {
as a rule, from $35 to $50 per ton. The !
Florence company is now conducting
experiments by a somewhat similar
process