davidaulloa/AmericanStories huggingface dataset:
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
REORGANIZATION
IS COMPLETED
ORIGINAL. BULLFROG MINES
WILL SOON UNDERGO DE-
VELPMENT

ReorganiZed Original Bullfrog
Mines Syndicate will be the name of
the latest company to enter the min
inng field of Goldfield with a de-
termination to carry out a well de-
fined campaign of exploration.
The new company will receive its,
charter during the next few days,
the papers having been sent to Car
son City for filing with the secretary
of state. The capitalization of the
corporation will be $2,000.0O0, while
there will be 100000 shares hav-
ing a par value of 81 each. OF the
total issue, 100000 shares will be
known as treasury stock, the re-
naming 100000 shares having
been set aside to be exchanged
share for share with stock held in
the Original Bullfrog and Diamond
field Triangle Mining company.
Stockholders in the Original Bull
frog company will be officially no
tilted during the next few days of
the reorganization of the company.
Ben Gill, who is SO well and favor
ably known in mining circles OF
Goldfield, will serve as secretary of
the new company and is now prepar-
ing the announcement that will be
mailed to stockholders in the Origi-
nal Bullfrog company.
The resumption of an active cam
paign of development on the Origi-
nal Bullfrog mines presages well
for the section tributary to Goldfield.
1t means that one of the former
heaviest producers of this locality
will be brought back to life and that
much activity will follow. Situat
ed in the Diamondfield section of the
Goldfield district, in the heart of
the rich zone where are located the
Daisy and Diamondfield veins of the,
Jumbo Extension company, the out
look for heavy producers being de-
yeloped is most promising.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

Goldfield mines properties lying
in the proven mineral one-are nov
undergoing a campaign of explora-
ton that promises to witness a
genuine revival taking place with
in the next few months.
Goldfield, long famous as the
greatest dividend mining region in
the world, is again being heard
from, and in no uncertain way, by
the assessable mining companies
that are following campaigns of de-
velopment so happily launched.
Assessable mining companies -
years ago frowned upon by the in
osting public are now about the
most popular investment to be
found. The reason for this lies in
the fact that every dollar realized
from the levying of an assessment
is invariably expended in conserva-
tive and systematic development.
Imagine, if you please, the solid
truth that twelve hundred thousand
dollars will be expended in mine
building during the present year
every dollar to be used in opening
new ground in proven territory -
and you can grasp the magnitude
Of what the future holds for Gold
field.
The extreme popularity of the
assessment plan can be attributed
to the soundness of the laws IN
Nevada governing the levying of
an assessment on outstanding stock
Of corporations for exploration pur-
poses. In the olden days of this
state, when Virginia City was in
the heydey of its prosperity, the
wildcat" feature was predominant.
Not so with Nevada of today. On
the other hand, the lawmakers
wisely inserted clause which pro-
hibits a levy of over two cents a
share, while it is not possible 20
make a call for assistance more
often than four times a year. In
the old days there was no limit 20
the amount of the assessment, which
in many Instances proved so high
that it became prohibitive.
Goldfield of today has fourteen
operating companies that are car
rying on campaigns of development
that assure a new life for the camp
While some of these companies have
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
CONTACT CUT
ON JUMBO EX.
CORE DRILL CATCHES CONTACT
BETWEEN ALASKITE
AND SHALE

The core drill at the Jumbo FIX
tension mine this week penetrated
the contact between the alaskite
and shale at a depth of 73 feet be-
low the 1O17-foot level, on the Vel
vet vein. This makes the new find
have depth of 1890 feet from
the surface.
Consulting Engineer j. X. Tur-
ner stated Monday nat it is pos
sible the real contact has been pene-
trated, or that it might be an in
trusion of the alaskite into the
shale. 1t will be only the matter
o. few days until the full extent
of the discovery will be determined.
There appears to be no mineral
values in the contact, but it is
proposed to lower the drill until
il is known for a certainty whe-
ther the real contact has been
found
Shipments from the Jumbo Ex-
tension are going out at the aver
age rate of three carloads week
and satisfactory values are being
received in settlement from the sale
of the product. Effort will probably
be made to increase the tonnage
within the near future as the show
ing is improving as development is
carried forward
Quite a heavy production is be-
ing made by breaking down a num-
Der of old pillars of ore that were
left standing during the early his
tory of development, and which can
now be taken out owing to the fact
strengthened
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
CRACKER JACK OPERATIONS
ARE BEING ENLARGED

The Reorganized Cracker Jack
Mining company has completed
plans for an enlarged campaign Of
development. With the purchase of
the General Washington No. 2, the
Rabbit Trail, Gold Queen Extension
and Triangular Fraction claims, ly-
ing to the east of the company
holdings, operations will be car
RED forward with a view of ex-
ploring new country, as well as de-
voting the usual attention to the
Cracker Jack property.
The east cross-cut on the 800
foot level of the mine has been ey-
tended for over 400 feet and de-
valopment will follow with a view
Of exploring both the Cracker Jack
and Rabbit Trail veins.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
SLOW PROGRESS
GRANDMA SHAFT
POWER DRILLS WILL BE in
OPERATION IN FEW
DAYS

Assessment notice No. l of the
Grandma Consolidated Mines COM
pany was ordered at the annual
meeting of the stockholders held at
Phoenix, Ariz., on Feb. 5. The as
sessment is due Immediately, and if
payment is not made by March 4
the delinquent stock will be adver-
tised for sale, the said disposal to
be made on April 20, 1917.
At the annual meeting the follow
ing were elected to the directorate:
Charles S. Sprague, ]. X. Turner,
Peter j. Somers, Jr., S. A. McCan-
dless and Ben Gill. The only change
in the board was the election of S.
A. McCandless to succeed Augustus
Tilden. Immediately following the
election of the directors organiza-
ton was effected by the election of
the following officers Charles S.
Sprague, president; j. X. Turner,
vice president; Ben Gill, secretary
and treasurer.
No new developments were re-
ported this week on the Grandma
property. Consulting Engineer j.
k Turner stated Monday that the
character of the rock was contin-
ually changing, but that it still con-
tinued to be extremely hard. Pro-
gress is resulting at the rate of
about one foot each day.
The shaft has depth of close to
$50 feet, but it is hoped to have
the air-pipe connection made with
the Jumbo Extension power plant
within a few days. At that time
two shifts will be employed in the
Grandma shaft and excellent head
way will result.
This shaft is being sunk to pene-
trate an independent vein, and it
is anticipated that important dis
coveries will eventually be made.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

that make occasional levies: Ke-
wanas, 100000; Norcross, 5,0OO,-
600; Cracker Jack, 800 900; Sand
storm Kendall, 1,5OO.0000; Red Hill
Florence, 100000; Spearhead, l.
100000; Silver Pick, 5,0O0,OOO:
Blue Bull. s1,5OO,OOO; Shale, l.
100000; Black Butte. 100000;
Daisy, 3.0OO,00O; Great Bend. p
100000; Grandma, 1,000.000; Lou
Dillon, 100000.
The increasing demand for
stocks in these companies can be
largely attributed to the assessment
plan. Shareholders and investors
have grasped the situation with a
knowledge that the mines are under-
going a system of exploration that
gives every promise of again placing
them among the list of dividend pay
ers.
Most wonderful has been the rec
ord of a number of the mines afore
mentioned. Time was when millions
came flowing yearly from their in
ner recesses, but development was
hastily performed and the surface
workings were denuded of ore. Now
deep mining is playing a prominent
factor in this district, and the finds
made on the properties of the Gold
field Consolidated, Great Bend, At
lanta and many other mines, as well
as on smaller properties, has stimu-
later the owners of other mines to
put their shoulder to the wheel and
push as they never pushed before.
Each one of the companies in
question controls ground lying in
proven territory, and excellent finds
have been reported with unusal fire.
quency. Therefore another year
promises to be prolific with results.
The fact remains, however, that the
lot of Goldfield's business life is not
at all gloomy On the other hand
the expenditure of more than ST.
100000 yearly in development, add
ed to the vast amount of money
paid out to miners by dividend pay
ing companies, makes the horizon
shine brightly.
While we have enumerated IA
companies that are on an assess
ment basis, there are a great many
others that are receiving substan-
tial support from the stockholders.
Continued on Page Eight.l
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
Grandma Consolidated

Grandma consolidated
This company has served notice
of an assessment of one cent =
share on all outstanding stock. The
money thus derived will be used in
carrying forward the campaign of
development that has been planned.
Power drills will shortly be in oper-
alton at the new shaft which now
has a depth of approximately 23O
feet. During the week the char
acter of the rock has changed, and
is now extremely hard, making pro-
gress exceedingly slow. When air
has been secured from the Jumbo
Extension power plant the scope OF
operations will be enlarged.
GOldfield Merger
Manager Willis Lawrence announc-
ed Monday that the Goldfield Merger
Mines company would Immediately
undertake an enlarged campaign of
exploration. The fact that the re-
cent rich discovery on the Atlanta
was made on the 1750-foot level of
Goldfield Merger company to decide
upon driving a crosscut for 100 feet
to reach the side lines of the st.
Ives VEIN At that point junction
of the two veins should occur and 1t
is anticipated that important discov-
cries will follow.
Jumbo Extension
No new developments were report
ed from the Jumbo Extension prop
erty. Large development is in prog
ress, however, and steady shipments
are being maintained. The core drill
penetrated the contact between the
alaskite and shale at depth Of 73
feet below the 1017foot level of
the shaft, or 1890 feet from the sur
face. 1t is not absolutely known
whether the real contact has been
penetrated, but Consulting Engineer
j. X. Turner will be able to deter
mine the question within a few days.
Goldfield Consolidated
No announcement has yet been
made concerning the date for start
ing the fiotation plant of the Gold
field Consolidated Mines company.
1t is expected, however, that opera
tions will be in order in a compare
lively short time. No important
news was reported from the mines
during the week.
Copper Mountain Mines
Consulting Engineer ]. X. Turner
of the Jumbo Extension company,
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

not called upon their shareholders
for quarterly assistance financially,
many have adopted that policy, and
the stockholders have responded
freely. 1t has been learned from
a reliable source that the response
in every instance has exceeded 9F
per cent, while in great many
cases 100 per cent of the holders
of shares have promptly met the
request.
Fourteen mining companies hav-
Ing combined capitalization Of
S3O,0OO,000 expending approximate
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
FIVE FEET ORE
IN GREAT BEND
DISCOVERY MADE AT TOP OF
RAISE Is IMPROV-
ING

Five feet of smelling ore showing
average value of $50 a ton in gold,
silver and copper, is now exposed
on the Great Bend property. The
ore was encountered at the top of
the raise above the 300-foot level
and stopping is in progress, with
the result that a heavy tonnage
Is being mined.
The face of the drift on the 800
foot level has penetrated good
looking material from which ship
nents will no doubt eventually be
made. The ore is of low grade
and shows assay values of from Sc
to SIT a ton, altho the material is
not considered of a shipping grade.
However, in due time this product
will probably be successfully hand
led by sending the output 20 n
flotation plant.
The cross-cut on the 160-foot level
this week broke into the old cross
cut run from the incline shaft.
Drifting has been started, the
HdHSiHS-Wdil VI lHe 'oih ooihS WI
lowed. 1t is anticipated by Con-
sulting Engineer J. X. Turner that
discoveries of an important nature
will be forthcoming in due time and
to that end more energetic cam
paign of exploration will henceforth
be the order of the day.
Production from this well known
property is now averaging around
three carloads week, and settl;'-
ment effected on a shipment made
the latter part of last week brought
average values of $3S.40 ton.
This is a slight improvement over
the value in the ore that had pre-
viously been sold.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

Goldfield Merger Mines compan"
came into prominence Monday
morning.
The rich, discovery made on the
175o-foot level of the Atlanta, was
responsible for Goldfield Merger
coming out of it's lethargy.
ruth of the matter is that the
Atlanta find was made through the
Goldfield Merger shaft, and at this
writing the Atlanta shoot of high
grade ore lies less than 100 feet
from the Goldfield Merger ground.
Not that the Atlanta company is
about to work out it's ground, on
the contrary the company has a
vast amount of vergin territory to
explore. But by prosecuting 100
feet, figuring the dip of the tein.
the side-lines of the Goldfield Ner-
ger should be reached, the ore vein
striking to the northwest. Thus,
tie shoot of rich ore should be
found extending to Goldfield Mer-
ger ground.
Manager Willis Lawrence, of the
Goldfield Merger Mines company,
stated Monday morning that he
would Immediately start the oper-
alton of drill on the 1750-foot
level of the main shaft, with d
vew of driving the 100-foot cross
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
RED HILL FLORENCE
PROSECUTING OPERATIONS

The Red Hill Florence Mining
company, recently raorganized, the
holdings of the Ped Hill Mining
company and the Florence American
Mining company having been con-
soldated. is prosecuting an active
campaign of development. A large
force of men is being employed and
within a comparatively short time
the property will be the scene of
great activity. Retimbering of The
Gouble-compartmant Shaft is in pro-
gress, AMI supplies for the carrying
cf the work to successful termin-
alton are being del vered.
The demand for this stock on the
San Francisco exchange has been
quite lively since the shares were.
listed.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
ATLANTA MARKETS
H|GH.GRAOE ORE
SHIPMENTS START FROM NEW
DISCOVERY ON LOWER
LEVEL

1t was reported today that the ore
vein in the Atlanta is growing in
richness.
Shipments from the recent discov-
cry made on the Atlanta mine at the
1750-foot level were started the first
of this week, and manager A. |.
Darcy expects to maintain heavy
output during the next few months.
The ore now being marketed is
entirely of smelling grade, and
will be milled in two classes. The
higher grade is taken from an 1S-
hanging wall, and shows assay val
ues of $131.S0 a ton in gold silver
and copper. The lower grade is
showing for width of four and one
half feet and return average assay
values of s38.2S ton.
The big orebody has been proven
for a length of 100 feet, operations
being "cntered through what is
known as the 1882 and 1888 drifts.
AS development is carried forward
there has been a marked improve
ment taking place, with the result
that the new find may properly be
c!a"sed as one of the most import
at made in months in the Goldfield
district. Values seem to be improv-
ing as new ground is opened, and il
seems to be only the matter of
short time until the production will
Continued on Page Eight)
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
CONSTRUCTION OF
CAMP COMPLETED
COPPER MOUNTAIN MINES SHOW
UNUSUAL AMOUNT OF
ACTIVITY

Reports from the Copper Noun
tain Mines company, recently taken
over under favorable option terms
by the Jumbo Extension Mining
company, are to the effect that the
construction of the camp has prac-
tically been completed. The ma
cbinery is now being installed and
it will only be the matter of few
days until machine drills will be
in operation in the sinking of the
new shaft that has a depth at this
writing of 80 feet
Some delay was occasioned by
not having mine timber at hand,
but the delivery has been made and
the shaft is now being timbered to
permit of enlarged development be-
ing inaugurated. Consulting En-
gineer J. X. Turner states that the
various leasers on this old-time
copper property, situated in Miner
al county. are maintaining steady
output of good grade ore, with every
prospect that the production will
steadily be increased.
Under the direction of the Jumbo
Extension company, the Copper
Mountain mines give promise of de-
veloping into unusually heavy pro-
ducers. The shaft is to be lowered
with a view of thoroughly exploit
ing an area of ground, the rich
ness of which was long ago de-
mnncfrafad m
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
GOLDf|ELD Merger Mines Will
RECEIVE LARGE development

cut to the side-lines of the st. Ives
claim. There he is confident that
continuation of the Atlanta ore
vein will be found. In other words
junction of the Atlanta and st.
Ives veins should form, which un-
questionably means that rich
body of we will be encountered.
Little has been heard of the
Goldfield Merger Mines company
during the past few months, al
though the company has been dill
gently prosecuting systematic
campaign of development Opera
tions are being centered largely
on the 700-foot level, where cross
cutting has been in order. This
cross-cut has been extended for
$50 feet to the south Several
veins have been intersected, and
ore in large quantities is exposed
that shows assay values of from
SO to $4 ton.
Manager Lawrence states that he
proposes starting drifting on these
veins with view of thoroughly
proving up the ground. Mining
men are of the opinion that rich
mineral will be found as the ground
is explored, and something sensa-
tional may be expected at any time
from the property of the Goldfield
Merger Mines company.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
ASSESSABLE MINING COMPANIES
MAKING HISTORY FOR GOLDF|ELD

ly 100000 quarterly in mine con-
struction, means much for the fu-
ture of this greatest of all mining
camps. Placing the amount receiv-
ed at $1,200,000 year, is con-
servative in the extreme. Tbs
means that in no instance does the
request provide that shareholder
pay in excess of two cents per
share, while in most instances the
levy does not exceed one cent per
share.
Here follow the names of the IA
companies, with their share issues,
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

The new company will have a
capitalization of 100000, with
an equal number of shares having
a par value of 81 each. OF the
total issue 100000 shares will be
exchanged for outstanding shares in
the old companies, while the re-
naming 100000 shares will be list
cd as treasury stock. Ben Gill,
widely known in mining circles
throughout Nevada. has been selec-
ted secretary of the new comp pany,
and will maintain offices in Gold
field.
Atlanta Mines
The Atlanta mine is making
remarkable showing. There is eX-
posed on the 1750-foot level
body of ore having a width of five
feet, and IS inches of the mater
ial brings mill settlement or
s131.SO ton. The remaining four
and one-half feet of ore shows val
ues of S3S25 a ton. Manager A. l.
DARCY is maintaining shipments at
the rate of two carloads week,
but the outlook is most promising
for the output being augmented in
the very near future.
Great Bend
A rich mineral discovery has
been made at the top of the raise
carried from the 3O0-foot level nj
the Great Bend property. The ore
vein now has width of five feet
and the production from this mine
is now averaging around three car
loads of ore each week that brings
n settlement running around $40
a ton. During the week the cross
cut driven from the 16O-foot level
broke into the old incline shaft,
and now drifting on the hanging
wall has been started.
Red Hill Florence
There is much activity at the
seat of operations of this well
known property. Installation of
machinery and other equipment is
being hurried and three shifts Of
men are now employed in repairing
the shaft workings, which will be
retimbered down to the SOO-foot
level. Manager H. G.. Mcmahon is
gradually adding to the working
force and will shortly be employing
one of the largest forces of men to
be found in any mine of this dis
trict.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10
REVIEW Of mining OPERATIONS IN G0LDFIELD DISTRICT

now in control of the Copper Noun
tain mines, reported that the con-
struction of the camp had been
completed and that timber had been
delivered Oh the ground preparatory
to carrying out enlarged operations.
Machinery is being installed and
within a few days another shift os
miners will be given employment.
The new shaft has depth of 80
feet
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-10

There were few developments in
the Goldfield section during the
past week, altho there was no slack
in exploration of this widely known
mineral field.
Official announcement was made
Tuesday that the reorganization Of
the Original Bullfrog Mines Syndi-
cate and the Diamond Triangle Min
ing company, had been perfected,
or would be during the course or
the next ten days.
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