The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-04-11
The Future of d

Late developments, particularly at depth, widely separated
points throughout the district make for a enduring life for the camp
of Goldfeld. There seems to be no doubt that the camp is coming
back" in an even more agreeable manner than its most optimistic we'll
wishers have ever hoped at any time in the last three years. 1t would
seem that the of-repeated prediction, made during the infancy of the
district, that its greatest fame would come to it through discoveries of
mammoth bodies of medium and low grade ores at great depth are
gradually being fulfilled in a manner that indicates that Goldfelds
prophets were possessed of a foresight marvelousy accurate.
The regeneration of Goldfeld, now n established fact beyond the
peradventure of a doubt, has not. however, been accomplished or made
possible without great patience, toll and the outlay of capital on the part
of the men who have remained seadfasty loyal to the district. To
them is due first credit for the returning and steadily increasing activity
and prosperity that prevails at this time. Confident that the surface
or earsurface deposits OF picture or high grade ore, which first at
tracted the attention of all the world to Gold6ed, were but an incentive
of wealth, these men have stood by the district by maintaining the de-
veopment and exploratory work. And time has proven that their TN
fLaging confidence of success has not been without avail. The clouds
OF doubt and almost hopeessness that lowered dangerously near at times
have all passed away and the silver lining" has become visible to the
eyes of even the pessinit.
The possibilities of the Goldfeld district at depth have been more
than demonstrated by the recent development in the Atlanta. 1t leaves
nc room for doubt as to the permanency and enduring life of the camp
and emnenly jusihes the observation of General Manager K. NJ. Simp-
son that it is "fraught with large Importance not only to the Atlanta
but to the entire district Considering the depth at which ore-and
plenty of it-has been revealed in the Atlanta, the strike takes rank with
the most important developments in the mining industry of the state in
many years. There are some mining men who venture the opinion that
the find overshadows in its poenhaites any development at a like
depth on the famous Comstock lode.
The latest official statement Of the Atlanta Mines company, made
public at the annual meeting of its stockholders in this camp Tuesday.
states that the orebody is now twenty-five feet in width, six feet of
which is excellent ore while the remainder is of lower grade IRE. The
report goes on to state that the Atlanta orebody has been determined
to be the main vein of the Clermont and Grizzly Bear mines of the Gold
field Consolidated Mines company. Only by those persons conversant
with the geographical location of the properties, their proximity and the
productivity of the vein within the boundaries of the vast estate of the
Goldfeld Consolidated Mines company, can the real significance of the
Atlanta development be appreciated. In short it insures to Goldfeld
longevity.
But Atlanta is not the only property that is aiding in the rejuvena-
ton of the Goldfeld district. The mines of the Godfeld Consolidated
Mines company are showing no signs of yielding their stellar position in
the local armament. Year after year they have been pouring forth their
treasures, with the result that to date the company has distributed to
stockholders more than S27oooooo in dividends The Jumbo Extension
and the Florence mines are at present making the best shOWlngS they
have made in recent wears. Other mines and prospects at IN advanced
stage are meeting with eminently encouraging results. On the whole,
the future of Godfeld, it may truthfuly be said, never looked brighter.