The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-12-05
GREAT BEND IN NEW HANDS
1continned from Page Onel

is contemplated, but e OFFICERS
and directors will be chosen in the
r future and these will prooa-
b,y be the same as the officers Oh
the Jumbo Extension company
which is also controlled by the
Sprague company. The ~capitaliza-
ton is s 100000 in shares OF u
par value and practically all has been
issued. The production of the Great
Bend property to date is roughly es-
timated at between 10000 and s5O-
600, most of this having been TAX
en- out by lessees.
A considerable amount of develop
ment work has been done on the
property, and most of this work was
of a substantial character, perform
ed with a view to developing the
property on a broad scale and COM
paratively little stopping was done. A
large tonnage of medium and low
grade mill ore has been exposed at
various points, together with some
ore of shipping grade, and lessees
are now sacking ore for shipment
that yields assays from SAT to 1920
per ton. Only one lease is working
on the property at present and this
Is on the extreme eastern end, ad-
joining the Daisy end-line.
An incline shaft was sunk by the
company to a depth Of about 500
feet and later the Loftus-Davis lease
sank a vertical shaft to 425 feet, and
connecting laterals were driven be-
tween these shafts on several levels.
The old Diadem lease also sank a
4OO-foot shaft near the east n OF
the property and exposed shipping
ore en- the 400 level. Above the
water level, which is at about 800
feet, all the ore found is free mill
ing. and the deeper work showed a
marked increase in value of the ore
at depth, in the sulphide one In
all three of the deep shafts water
was encountered in such volume as
to interfere with the work and at
one point, one the 400-foot level
of the old incline shaft, the flow
was particularly strong.
Shelter receipts that are still In
the possession of the company show
that the Loftus-Davis lease produced
quantities of ore averaging from $40
to 500 per ton and seams of ore
were found hat assayed over ST.
900. On three occasions the prop
erty has made an excellent showing
and there was good promise of a
highly profitable production. when
a combination of water and financial
difficulties interrupted operations
and caused a shutdown.
1t is estimated that from 5000 to
5000 feet of development work has
been performed in the property, in
shafts. cross-cuts, drifts and wines.
In a winze below the 35O-foot level
of the Loftus-Davfs shaft the best
showing in the property was devel-
oped and high-grade ore was bro
ken at this point and was still in
sight when the workings were flood
ed. At this time there we're no ade-
quate provisions for handling the
water, but pumps of no great capac-
ity car readily unwater these work
ings and keep them dry. In work
ings from all three of the main
shafts ore of good grade has been
exposed, as well as in shallower
workings on the property. During
the leasing period no attention was
accorded the deposits of mill ore, as
this product could not be handled
prOfitably, but records or the WORK
show that there is a large tonnage
available that could be handled
profitably if treated here, and there
is no doubt that some of this ore
can be shipped at a profit.
Near the eastern extremity of the
property lessees are working from
the old Diadem shaft and have been
extracting good mill ore, which they
have been treating in a small mill
and cyanide plant, erected by them,
and they are now preparing to ship
some of the higher grade ore to the
sampler. Under the new control the
property will be developed upon an
extensive scale. with the object of
blocking out a large tonnage of mill
ore and seeking the higher grade
material on deeper levels. This
work will begin shortly.