The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-04-24
GREAT BEND OPERATING
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channel on the 500-foot level, inter-
rupting further work at this depth
with the inadequate pumping equip
ment then in use.
1t is believed by the management
that sufficient ore of good milling
grade will be available within a very
short time to justify the enlargement
of the present mill. Ore varying
in grade from a good milling product
to higb-grade shipping ore has been
exposed at a humble: of points on the
property and at depths varying from
IS to 500 feet, some high assays
having been obtained near the 500
foot level of the old Loftus-Davfs
lease, shortly before the flooding of
the deep workings. AT one point a
ledge has been sampled across a
width of IA feet, yielding average
assays for this width of $40 per ton.
All the ore exposed is a free-milling
product.
There are three good working
shafts on the property, the main in
cline shaft, 500 feet deep, the Lot-
tus-Davis lease shaft. down over 400
feet. and the Diadem lease shaft,
near the east end of the property and
425 feet deep. Assays from small
seams of ore have returned as high
as $1,000 per ton, while smelter re-
ceipts in the company's possession
show returns from ore shipped rang
ing from $40 to over 500 per ton.
Development work, principally on up
per levels, has been performed to the
extent of over 5000 feet. Control Of
the Great Bend company was &C
CURED in December by the Charles
S. Sprague company, but the final
transfer of the lease vas effected m
ly last week. The Great Bend COM
pany owns a producing lease on the
adjoining Diamondfield Daisy prop
ertv, which is now being worked by
sIb lessees.
The Great Bend company owns
seven claims, all patented, in the Dia-
mondfield part of the Goldfield dis
trict. aggregating 112 acres, and all
contiguous. The production of the
property is variously estimated at
from 100000 to $4,000. The COM
pany starts it's new campaign of OPP
e~rations with no indebtedness, with
an authorized capitalization of L.
500, 900 shares, of which 100000 re-
main in the treasury. Charles S.
Sprague is president of the company,
j. X. Turner vice president and con-
sulting engineer and H. G.. Mayer
secretary.
In speaking of the company's
plans, President Sprague said:
cit is the purpose of the manage
ment to open up the mine in miner
like fashion, to enlarge the mill now
OF. the ground and TO make a profit
able producer in the shortest time
possible. The recent lessees made
a handsome profit from their small
investment, but, as they were ham,
pered by want of sufficient funds to
operate. or a large scale the results
yer not commensurate with the
great possibilities of the property.
"It is a notorious TACT that ~lessees
work a property for the high-grade
they al extract within the life of
a lease. Under company control a
comprehensive plan has been outlin-
ed and nothing will be left undone
to demonstrate the value of the prop
erty. We believe that in j. X. Tur-
mel and Jack Campbell We have the
best men obtainable to operate this
property successfully, and if we fail
to make a big producer of the Great
Bend it will not be for lack of sin
cere and intelligent effort"