The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-12-31

There can be no doubt that both jun.
DO Extension and Florence Goldfieit
bare intrinsically worth far more thaa
the present selling price of the stockh
See notes about Florence elsewhere in
this column. In the Vinegorone claim
of the Jumbo Extension ground (this
a fractional claim) lying to the east Of
and adjoining the Red Top claim o.
the Consolidated Mines company, there
is ore blocked out, according to the fig
ures of reputable engineers, worth in
the neighborhood of 100000 This
ore body has been stripped to the vec-
teal side lines OF the Red Top claim
for nearly the entire length of the
claim, and in the Miss Jessie and La
guna ground of the Consolidated, adj
joining the yinegorone on the east, the
Consolidated is busily taking out ore,
showing that the famous Red Top sys-
TEN extends through and under ths
V%inegorone. The Polverde claim Of
the Jumbo Elk. adjoins the fabulously
rich Clermont claim of the Consolida.-
ed to the east, and there is little doEbt
that some of the ore shoots worked IL
most to the sldellnes of the Polverde By
the Consolidated, enter that ground. A
large quantity of milling ore has been
opened in the Poiverde claim by leas-
ers. Aside from these holdings that
are immensely valuable, the company
owns some claims in the Diamondfe.d
section that have but problematic9l
value. (2) The Nevada Hills, which
now includes the Nevada Hills and the
Fairview Eagles properties, is an I'M
mensely rich piece of property. Lack
of transportation facilities whereby ore
might be marketed has held this prop
erty back, Notwithstanding which a
vast amount of ore has been blocked
out. The company is now building a
mill and will probably by the end of
1911 be classed with the big mines Of
the state. 1t is in the hands of pro-
gressive and honorable mining men.
(3) MacNamara of Tonopah is a
splendid property. Development more
than output is the aim of the manage
ment, merely enough ore being shipped
to mill to pay, or a little more than
pay, expenses of development. A ine
ore reserve is being accumulated, and
it is very evident from the policy be-
ing pursued by the company that it in
tends to build its own mill for the re-
duction of its ores, thus saving heavy
transportation and treatment tolls.
j. E., Louisville, KY, and others
The query department of the News has
not been permanently discontinued, but
from now ON will be conducted as usual.
Overwork in all departments of tho
News and sickness of part of the edi
~torial staff has been responsible for the
neglect of this department of the pa
per. ~ The Little Florence Mining
company is not now in operation
Read the answer to your Florence
inquiry in the paragraph answering w.
H. R.
w. H. r., Allentown, Pa.-There -
every reason to believe that Florence is
worth far more than it's present price
would indicate, and that selling wouli
tho xynrU naAxtonh 1o ~ eaA< .1-~..
who are in touch with the situation
advise its purchase at present prices.
For the reason that Florence has not
been paying steady dividends and MAX
ing a big productive record this prop
erty is much misunderstood. It must
be remembered that up to the time the
mill was built two years 6 the Flor
ence had been mined only by ~leasers.
The company, in building the mill, FORE
saw that it could mill the ores left in
at sufficient profit to pay for the. mill
and develop the mine, rather than
spend all the money in the treasury in
developing the mine, and then having
to put stock on the market to raise
money for mill building. This was
done. Since the mill was constructed
work Of connecting the various lease
workings and cleaning up the low
grade and spots of high-grade ore that
was left by the leasers has been in
progress. OF course some fine ore bod
les between the old lease workings, and
extensions of bodies worked by l~easers,
We're opened during this work. The lev
els of the various leases did not co
incide, and in order to make one mine
of the various workings new levels
had to be cut through much of the
ground. 1t does seem that the