The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1919-12-05
VIRGINIA LOUISE MINE
PROMISES BIG PROFITS

HeCcnL AQkiCc8 HSSCtsc0 al LlOCno IN
d,cate the high esteem In which the
virginia Louise mine 10 held In fnan-
cIal circles. Conditions At the mine,
well known locally. fully justify this
optimism.
Steady development continues in the
property. with the result that the ton
mage Of ore blocked out is rapidly being
increased. Recent headings driven by
Superintendent l. G. Gillett have added
materially to the ore reserves: especial
" is this so In the territory containing
the Davidson bed. where. despite the
large tonnage being extracted daily.
recent estimates showed an increase OF
over Is per cent in the readily availa-
BILE ore tonnage exposed. The David
son bedding Is being worked on the
second level and Is known to extend
laterally . great distance from the
working shaft.
Though the principal tonnage of
shipping ore IL still coming from the
second level, an increasing amount of
ore Is being mined on the 400 level. A
raise from this level recently tapped
comparatively high grade bed of typ
ical huxing ore. This orebed is prob
ably continuation of the oreshoot ex-
tracted from this territory over three
months ago. which gave such phenom-
email assays In silver and lead content
Samples from seventy-hve ore cars
trammed from the chutes last week
assayed 40 cents In gold. lis ounces
silver and IL per cent lead. This ore,
sweetening. A. 1t does, the regular f1ux-
ing ore, has been one of the important
elements contributing to the satisfac.
tory condition of the company's treas
ury.
In 1917 the consulting engineer of
the California state corporation com :
mission estimated the blocked out ore
reserves in the Virginia Louise mine
at 100000 tons and said in his official
report that the Virginia Louise Mining
Company should be able to mine, trans
port and smelt this ore at an average
profit of not less than 81 per ton. At
that time silver was selling around so
cents an ounce. Silver now seems trm-
ly established at a price well in excess
Of $1.25 per ounce, and since the time
of the engineers visit fully 100000 tons
of additional ore have been added to
the reserves.
PROFIT FROM ORE PER TON
GREATER THAN ESTIMATES
Actual smelter returns received by
the company demonstrate the conserv.
atism of this ofiicial report, as the av.
erage profit derived from the stead,
shipments approximates $3.50 per ton
the new ore reserve carrying higher
content OF silver value than the previ
ously assayed and meas asured orebodie
visible in 1917.
In addition to the fact that the ore
beds of the Virginia Louise Mining
Company are increasing in size ant
value as depth is gained, several min
ing engineers of standing have recent
ly expressed the opinion that when tn
Quartzite underlying the lime and shall
in which operations are now being con
Quoted is reached there will be foun
bonanza orebodies Of silver and lea
like those which made old Phoebe ia
nous. The main fssure fault, know
: locally as the Great Western fissure
the generally recognized source Of tn
orsbodies contained in the Prince Cor
solidated and Virginia Louise mine
and the wonderful results demonstrate
by diamond drilling at the older Prime
1N~
already extracted. from which sue
substantial dividends were paid. justii
the rosy future predicted for the vi
ginia Louise mine. as the Great Wes
ern assure fault strikes direct
through the Virginia Louise groun
and 10 apparently as strong and as we
defined ~ It appears in the Prince Col
solidated territory.
To fully protect the lateral extension
Of their valuable property the direct
rate Of the Virginia Louise Mimi
Company has recently made arrang
ments to purchase the Florence al
Ursula mining claims. paralleling Z
Virginia Louise claim to the west a
adjoining the Great Western claim
the Prince Consolidated Mining Coz
pAny. These two claims are the pro
erty Of the Prince Extension Mini
Company, owned by Portland capita
lists. and half Of the complete purcha
price Of this property has already be
paid. Further the purchase Of all CO
hicting interests in this adjoining t.