The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-21
NEW G0LDF|ELD STRIKE;
BIG VALUES UNCOVERED
Combination Fraction Was Sen
SatiOn of the Week in
Gold Camp.
Special Ia The Tribune.

UVlu Nuulp.
Special Ia The Tribune
GOLDFIlcLD. Nov. March 2o.-The
sensation OF the week in the Goldfield
district has boon the announcement of
two important discoveries of pay ore In
the Combination Fraction mine at good
depth. News OF these developments had
been withheld until tho showing was such
as TO leave no doubt of their Importance
and until the arrival here OF George
| WinEfeld. president OF the Fraction COM
pany. When rumors of the character OF
the two veins exposed leaked out from
the mine they had the immediate effect
| Of advancing the market price of the
stock over 20 cents within a few hours.
and I'm the face OF this rapid rise none OF
the stock was obtainable locally at mar
ket figures.
Manager Charles D. Wilkinson. who
has been In charge of the Fraction since
the first Of the year. gives your CORE
spondcnt the following details OF late de-
velopmcnt results. on the 2S5-foot level
a large shoot OF good milling ore has been
exposed In ground noar some OF the old
slopes. and where. owing 10 some of the
ground having caved. the ore Will he
sought 10y driving back from the 300-foot
level Owing To the fact that in the
early development this territory was not
and situation OF some OF these Slopes is
unknown. and where two OF these Slopes
are near together and parallel. no
chances Will he taken with ground which
may ne dangerous. and the opening Of
this ore shoot may require a longer time
than II 1t could be penetrated with SAFETY
on the 2S5 level.
The discovery of greatest moment, and
one which has the greatest bearing upon
the value OF Fraction. is that made re-
Gently at a depth of 500 feet in entirely
Il. sI.y..y - .I.N
shaft The orc. which is of high milling
grade, was opened In the extension of
one Of the richest of the Mohawk veins.
II Is stiIl too early to determine the size
Of the orc shoot, but IL Is larger than the
drift that is now following its trend. The
main shaft Of the Fraction, formerly 6l2
feet deep, has been sunk To nearly 500
feet, and a station has been cut at
depth of $50 feet. Al this point a strong
vein OF quartz has been cut. but no ore
of commercial value has yet appeared.
TO develop the vein. and connection will
he made with the Clermont $50 workings
OF the Consolidated,
Profits Exceed Estimates.
The final report of the Consolidated
company's operations in February. just
that the net profits for that month eX-
ceedcd by nearly $4,000 the estimates
made carly this month. From 1856 dry
tons OF ore treated during the short
the gross recovery was $6Si col. an aver |
age extraction OF 1914 per cent OF the |
gold content Net profits were $3.50, 1873
Total costs and losses are placed at
ton.
The amount Of new ore placed In sight
during the month is estimated at 5l.iOO |
tons. valued al SO per ton This places |
the tonnage OF new ore developed during |
January and February at a figure con-
siderably In excess OF the extraction.
Il tF,l
value. The report points out that de-
velopment on the l000-foot level of the |
Clemont has been attended by highly |
results, and that an ore body |
OF excellent 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 per |
ton. and many Of the ASSAYS have run |
TO and 6 ounces gold, Another dcvcl-
opment OF the first importance has been
the opening OF the Mohawk ore channel
on the T59-foot level at a point about 100
feet TO the west Of the main Clermont
ore shoot. Al this point the crosscut
has passed through n width Of eight feet
of excellent material. IT Is said that the
level of the Clermont is even superior
to the showing at the 9OO-foot level.
where only the eastern ore shoot has yet
been developed.
yOn the Florence the work OF enlarging
the main shaft down 10 the 500-foot level
s going forward rapidly, and the mill is
1clnE SQpDled In tne meantime WIN ore
from the old Little Florence workings to
the south Of the hill, New work OF inn
10 the company Is the drift on
the 500 foot level that Ia being driven
through the Little Florence and Rogers
Syndicate territory to open up ore bodies
" large proportions first exposed by carly
cssces and one in particular containing
ore OF high grade. that was followed
down in a Wine for q depth Of sixty feet
below the 500 level on the latter lease.
The mine is making an excellent showing
of pay ore, and the reserves of good quail
ty are being developed well In advance
Of the mill requirements.
Company work the Diamondheld
Black Butte has resulted in opening a /
strong ore shoot in winze from the orig
nal adit on the north side Of the butte,
apparently an extension of the vein eN-
posed on the Campbell lease. but believed
to be a portion OF the main orc body of
this property The orc is OF shipping
grade and the vein which will be sought
at greater depth. is we'll defined. and Its
course Is now readily traced for con-
siderable distance from the old workings
10 the point where il has been exposed
ater North OF the Black Butte some
pay ore is exposed on the Belmont. from
which several shipments have been made
averaging above 800 per ton Leases
on the Daisy are also getting some ore
" commercial quality. and IL Is said that
work Is to be resumed shortly on the
Sold Coin claim of the Jumbo Extension,
near Dlamondheld. which has yielded