The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-04-23

the parent companies. If you are a
careful and regular reader of this
paper you will certainly have seen a
good deal about the "big companies"
In fact we have had complaints that
we ran too much about the big com.
panies and not enough about the less
important prospects, in which just as
many, if not more, people are interest.
ed. We hope you will iad no reason
to complain hereafter.
T. T. Meg, Salt Lake-The Bovard
Swastika company has just completed
a tunnel 100 feet long, which is cross.
cutting the ledge. 1t is expected that
within 80 days they will drift 100 feet
on the ledge and then resume sinking
after the completion of the drift. Su.
perintendent Punkochar states that they
have two feet of ore in the tunnel face.
Secretary Root says that if the mine
development warrants it, the company
win erect a mill for their own use, as
we'll as for custom ore in that section
of the district. He states that he has
SOC, 900 ready for that purpose.
T. NJ G., Birmingham, Ala.-There is
considerable placer work going on at
Round Mountain now that the season
has opened up. We understand that
| the big hydraulic company has resumed
t operations. Hoag, Comma, Knight and
Buchanan lease on East Sunnyside ex-
tension claim sent seventy-tons last
month to the sluiee boxes below the
solid gold mill. The cleanup leaves no
doubt about the quality of the pay
: gravel. Quite a number of nuggets the
size of beans and larger prove that the
, values are there. This section of
l ground was washed by the hydraulic,
but there is still plenty of colors that
are paying very nicely. j. A. Buchan-
y all, OI.J a al DtOCh VI SICuHu duJOlu-
ing Hoag, Gommo, Knight and Buchan-
an lease. While prospecting his ground,
he struck a bunch of good pay gravel
s that pans encouragingly.
t L. M, Philadelphia-Some delay has
r been caused in the sinking of the shaft
t at the Wonder Queen, on account of
! the necessity of timbering, but this
: work has been finished and sinking re-
: sumed. The shaft is still in the quartz
which was encountered at the 75-foot
point, and the rock looks good. An
assay made recently gave very crafty
I ing returns, showing that both silver
and gold are present in the vein. No
Y drifting will be lone at this point, the
management having decided to continue
the shaft to the 100-foot level, and if
: the ledge is passed before that point IS
2 reached a short crosscut will be run to
;, cut both this one and the one pierced
by the shaft near the surface, and drifts
! run ON both, to reach the shoot of rich
!. ore believed by the local representative
of the company to be not far off.
/, T. B. B., Chicago-Gold Circle, locat-
t ed forty miles from Golconda, is one of
t the live camps in northern Nevada and
| the mines of that district are proving
q good as development progresses. In
. fact, there are properties there that
) have exceptional s~howings of ore.
, There are three mills running in the
camp and another in course of cree
ton. Bullion shipments from that see
ton are a regular occurrence now.
H. A. S., Keeler, Cal.-The following
IS the provision on royalties found In
the lease form used by the Mine OPP
orators association of the Goldfeld dis
trict: cit is further agreed and under
stood that royalties are reserved by
the lessor upon all ores extracted, and
shipped or sold from said demised
premises by virtue of this agreement,
to be deducted, retained and paid as
hereinafter provided, the rate of royal
~ to be determined in all cases BY the
gross value of the ore without deduc-
ton for transportation or treatment,
but the amount of royalty so deter
mined to be computed upon the net val
ue OF such ore, after deducting frelgnt
treatment charges" This translated
means, first, that ores snail be CLASSIFIED
and the rate of royalty shall be fxea
according to the classification; that 49,
Tor instance, Is per cent on t2O ore,
20 per cent on $50 ore, etc., the cal
c%ulation being on the gross value I"
the ore. The aaamount,, of rOYalty, /