Mohave County miner., 1910-02-26
Big Strike In Consolidated At Goldfield.

Word received this morning from
 Goldfeld, New, sets forth that the
 Consolidated has just broken into 1O0S
 ore on the l,OOO-foot level of the Cler-
 mont workings. A strike of impor-
 tance has been anticipated ever since
 this level cut into the vein formation
 about two weeks ago. The significance
 of the strike may be better understood
 by recalling the statement of Manager
 Mackenzie in his last annual report,
 in which he said that there had been
 exposed SOO,OO0 tons of ore, sufficient
 to run the enlarged mill for three
 years, and that, if the ore was found
 at the 1000 foot level, or at depth of 1,6OO feet on the dip of the vein, and
 the size and values of the ore body proved to be continuous, it would mean a reverse of 1000, 900 tons. It is, of course, not likely that the manage
 ment has done much toward following the new ore discovery, so that it is too ealy to have it determined what the strength and worth of the shoot is, but if Mir. MacKenzie's prediction is confirmed, it will mean that the con- pany has enough ore to run its enlarg- ed mill between seven and eight years. | What the profits will be is of course conditional, but should such body of ore maintain such average values as those which have been put through | the mill during the last year, the 1 dividends of 5,O0O,O ,OOOS year for seven years would be sufficient to redeem | the capital stock of the corporation at par, los. The stock is selling today at 7.50S share. It may take but a few | weeks or months to show beyond per !, adventure the pre-eminence of the ] Goldfeld Consolidated among the gold | mines of history.
 dispatch received from Goldfield l previous to the announcement of the actual discovery of ore at the 1.000- | foot level, has this to say about the l situation up to day or two ago. |
 With regard to the latest develop ments at a depth Mr. Finlay says: ''In | the raise above the l,0OO-foot level we have body of ore that runs from POS to sos per ton. We don't know how big the ore body is, but it is bigger than the raise. On the 1,000-foot we have no pay ore yet, but we are getting | some assays. Our slm total of open 50 feet. When you consider that this vein is mile long and 200 to 400 feet wide on each level you can see how much importance to attach to such developments. However, I am very confident that we shall soon have ore on the 1,000-foot level I have looked into the occurrence of copper in this vein and cheerfully express the opin4O4I tuat there Is just as much copper at the 1OO-foot level as there is at the 1.nOO-foot level. This talk about coppe. coming in is either silly or dishonest-p probably the latter"
 The past month has witnessed a greater numbe of individual discov- cries of ore, on separate and distinct vein systems and scattered over a wider area, than had been recorded before in much longer period. Sev- eral of these, where development has been in progress upon the extension of proved veins, were predicted before the first of the year and have served to materially extend the ore-producing boundaries of the district beside hay ing favorable influence upon terri tory nearer the inside which has un- dergone comparatively but little de- velopment. Without making any defi- nite predictions it seems safe, judging from late results, to accord the strong est hope of success to other properties in the district and in nearly every case of real importance the success attained has been the result of deep mining. Not only holding the companies have come to realization that their greatest reliance must be in depth but a number of leasing companies ara operating with this in view.
 As shown by Mir. Finlay's statement the drift at the 1,OOO-foot level of the Clermont mine had then penetrated vein matter for a distance of only about 50 feet. From the station at the l 1,00O-foot level it was necessary to drive long distance before entering the vein at no time was it supposed that the ore shoot extended to a point mean that where the vein was first