The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-10-23
LAST HOPE MINE
SHIPS RICH ORE
OWNERS OF PROPERTY IN RAND
DISTRICT PLEASED WITH
CONDITIONS

CONlcTiONS
The Last Hope mine at Rand
has sent out another big shipment of
rich ore that averaged $S0.74 per
ton. says the Western Nevada Miner.
This shipment included some high
grade ore that averaged 81, 1,47s.50
per ton. This ore was taken from
the $50 level.
The owners of the Last Hope mine
naturally feel gratified with the re-
suits of their operations because sut-
ficient ore has been shipped to pay
the expenes of development WORK.
Very few mines pay their way from
the start. The Last Hope mine was
never Incorporated but is owned by
three miners who put in their time
and labor in the development of
the property without the co-opcra-
stock hey are proud of the TACT
that they have made good by l:p-'
ping al. Let ore to pay their w2y
in working the mine.
The property is well equipped with
machinery and the shaft timbere to
the $50 level. Charles Koegel, the
principal owner of the mine is III
Philadelphia at the solicitation oil
mining meh who are negotiating
with him either for the purchase Of
the property or the buying of the
controlling nteres. and if the deal is
he ho
obligated to build mill to handle
the tonnage of good mill ore alrea1;
, opened in the mine. The deal III:
cludes and requires the sinking OF
the shaft to an additional depth q
$50 feet with not less than two
shifts of men; also working addi>
tional force in the development of
the mill ore.
The consummation of the deal will
mean much to Rand as the mill will
be constructed of sufficient size to
handle ore of the other properties OF
the district. temporarily at least.
The Last Hope mine joins the
Queen Regent Merger Mines COM
pany on the west and has opened the
same big ore bodies that have been
opened on the first and second levels
of the Queen Regent Merger Mines
company estate. One of these veins
is 80 feet in width and aonther nine
feet. the later vein showing from
two to four feet of shipping ore. The
unusual size of these veins warrant
the building of mill of at least To-
stamps with provisions for additio lal
units as the ore bodies are opened
at great depth.
The sensational development of
the Golden Pen Mining company
continues to overshadow the import
ance of the development of other
properties. The public was not coh-
vinced of the value of the shipm ents
of high grade ore until the publica-
tion of returns received from the fIa-
zen sampler to whom the ore was
sold. Such shipments remind the
old timers of the boom period of
Goldfield but it is said that Gold
field in her palmiest days did not
equal the record of $4,000 worth OF
ore in less than year with only two
men working.
j. NJ Beeler, who OWLS the An
telope group adjoining the Golden
Pen, is making preliminary ar
rangements to push developments or
| his holdings. He already has
about $4,000 worth of ore blocked
out and when the work of sinking
the main shaft to depth is under full
headway the public can prepare 81
self for a thrill with another sem
sational strike like the one recently
made on the Golden Pen.
Since the recent find made by
A. Waller, an old time prospector.
1000 feet south of the present prov
en- ore zone. has caused renewed il.
terest in the district and number
of new locations have been made
and prospectors are beginning To
flock in.
Towards Walker lake and just on
the outer edge of Rand proper. a
big strike of zinc has been made en-
the property of Harry Dawson which
was one of the first locations made
after the opening Of the reservation.
Besides carrying a good value in
gold. silver and lead it gives returns
of from 2S to 40 per cent in zinc
Parties are negotiating for the par
chase of the property with view OF
1fn