Los Angeles herald., 1910-03-20
TWO NEW FINDS
Stir GOLDFIELD
FURTHER EVIDENCE OF DEPTH
is RESULT
COMBINATION FRACTION ENTERS
MILLING ORE
First Strike Occurs on 2s5-Foot Level
Near Old Stopes-Second in
New Ground at
500 Feet
lsneclal Correspondencel.

Especial Correspondence.
GOLDFIELD, New, March 19.-The
sensation of the week in the Goldheld
district was the announcement OF two
important discoveries of pay ore in the
Combination Fraction mine at good
depth News of these developments
was withheld until the showing was
such as to leave no doubt of their
importance and until the arrival here
of George Wingfeld, president of the
Fraction company. When rumors OF
the character of the two veins exposed
leaked out from the mine they had the
immediate effect of advancing the mar
ket price of the stock over 20 per cent
within a few hours, and in the face Of
this rapid rise none of the stock was
obtainable locally at market figures.
Manager Charles d. Wilkinson, who
has been in charge of the Fraction
since the first Of the year, gives your
correspondent the following details OF
late development results.
On the 2S5-foot level large shoot or
good milling ore has been exposed in
ground near some of the old Slopes,
and where owing to some of the ground
having caVed, the ore will be sought
by driving back from the 3oO-toot leNel.
Owing to the fact that in the early de-
velopment this territory was not care
situation of some of these Slopes Is un-
known, and where two of these Slopes
are near together and parallel no
chances will be taken with ground
which may be dangerous, and the open
ing of this ore shoot may require a
longer time than if it could be pene-
trated with safety on the 2o5 level.
Of Great Moment
The discovery of greatest moment,
t. fa,cf noe ri n
upon the value of Fraction, is that
made recently at a depth Of 500 feet
in entirely new territory, northeast OF
the main shaft. The ore, which IS OF
high milling grade, was opened IN the
extension of one of the richest of the
Mohawk veins 1t is still too early 10
determine the size Of the ore shoot but
it is larger than the drift that is now
following its trend. The main shaft OF
the Fraction, formerly 612 feet deep,
has been sunk to nearly 500 feet, ana a
station has been cut at a depth of toU
feet At this point strong vein OF
quartz has been cut. but no ore OF
commercial value has yet appeared. ON
this level driving will begin at once
to develop the vein, and connection will
be made with the Clermont 100 work
ings of the Consolidated
The final report of the Consolidated
companys operations in February, just
issued by Manager J. r. Finlay, shows
that the net profits for that month eN-
ceeded by nearly $4,000 the estimates
made early this month. From 23,S66
drv tons of ore treated during the short
month, an average of S53,36 tons daily,
the gross recovery was S6S429l, an aN-
erage of $9375 per cent of the gold
content. Net profits were S4So, 49S. Inc
total costs and losses are placed at
S1024 a ton, with net costs Of SS.S2 a
ton.
Tonnage Increases
The amount of new ore placed in
sight during the month is estimated
at 81. 700 tons, valued at S22 a ton. This
places the tonnage of new ore de-
Veloped during January and February
at a figure considerably in excess OF
the extraction, both in point of actual
tonnage and in value. The report
points out that development on the
1O00-foot level of the Clermont has
been attended by highly satisfactory
results and that an ore body of excel
lent proportions and good value is now
exposed on that level, the deepest in
all these mines. Mine car samples have
lately been averaging above $50 ton
and many Of the assays have run to
five and six ounces gold. Another de-
Velopment of the first importance has
been the opening of the Mohawk ore
channel on the 750-foot level al a point
about $50 feet to the west of the main
Clermont ore-shoot. At this point the
crosscut has passed through a width
of eight feet Of excellent material. 1t
is said that the character Of the vein
on the 1O00-foot level of the Clermont
is even superior to the showing at the
900-foot level where only the eastern
ore-shoot has yet been developed.
On the Florence the work of enlarg-
ing the main shaft down to the 500
foot level is going forward rapidly and
the mill is being supplied in the mean
time with ore from the old Little
Florence workings to the south Of the
hill.
New work of Importance to the com
pany is the drift on the 500-foot level
that is being driven through the Little
Florence and Syndicate terri
tory 10 open up ore bodies of large
proportions first exposed by early
lessees, and one in particular, contain
ing ore of high grade, that was fol-
lowed down in a Winzc for a depth of
sixty feet below the 500 level on the
latter lease. The mine is making an
excellent showing Of pay ore and the