The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-01-24

The long-expected has come to
pass in the substantial advance in
almost the entire list of Goldfield
securities and in all of those that rep
resent active mining properties.
Florence has taken the lead in the
rise, following the issuance of official
reports that an exceedingly rich ORE
body has been discovered in virgin
territory, and Goldfield Orc has
strengthened materially as the re-
suit of developments in the shaft
of that property. Inquiries for par
ticulars of new developments in the
district are coming in from all parts
of the country by telegraph and let
ter and everywhere there is the keen
est interest in the Goldfelds.
Jumbo Extension also registered a
sharp advance and the cheaper issues.
like Blue Bull, Silver Pick, Kewanas
and others .,ie liz good demand at
higher prices than have prevailed
for a long time past. Almost every
listed stock among the Goldfields has
shown a substantial advance and
there is every indication that this is
no flash in the pan" but is destined
to continue for some time and that
these stocks in future.
The character of development work
now being conducted at many points
in the district is such as to justify
confidence in the making of several
producing mines in the district and
much of this work is nearing the
stage where tangible results may be
expected. The most sensational ad-
vances in market quotations have
been recorded in Florence, Jumbo
Extension, Orc, Combination Frac-
ton, Kewanas, Blue Bull, Silver Pick,
field Black Butte. Goldfield Consol-
idated has been stronger than for
many months and all the others in
the list are quoted at prices above
those that have been recorded in re-
cent months.
Never in the history of the camp
has there been more substantial
promise of the opening of big mines.
In the earlier days of activity in this
district it was held by many who
were regarded as competent author
ity that the enrichment was confined
to comparatively shallow depths and
deep mining was not considered
even as remote possibility. Even
after bonanza deposits of ore were
found in the Mohawk, Combination,
Red Top, Jumbo and Florence mines,
following the earlier discoveries on
the Sandstone, these deposits were
regarded as veins, whereas later de-
velopment proved them to be seams
or lenses of pay ore occurring within
veins of great magnitude, in which,
at any point, other and similar de-
posits might be found.
Even with the vast amount OF
work that has been performed in the
Goldfield district the real work of ex-
ploring and prospecting these great
vein systems has but just begun and
there remains a wide expanse of ter
ritory within the boundaries OF the
best known properties that has not
been explored or prospected, even
near the surface, and in which other
deposits of pay ore may be exposed
at any time.
On a dozen properties in the dis
trict development work has been car
ried on from time to time, some of
it continuously, for several years past
and in several instances these prop
critics are now in condition to pro-
duce a moderate tonnage of pay ore.
With additional milling facilities
in the camp a number of prop
critics could be producing mill ore
that would yield a profit and there
is no doubt that these facilities will
be provided with the further open
ing up of the mines and with an as
sured tonnage of uniform value
available.
GOIdfield Consolidated
The usual large tonnage of ore is