The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1919-08-22
Develop Claims
at Stampede Gap

The Phoebe Stampede Mining Cor
poration, owning five claims in the
Stampede Gap, eight miles northwest
of Phoebe, is now being reorganlzed
and Fred r. Heubner has been selected
as manager of the company, which is
controlled by local stockholders. The
company is capitalized with million
shares, par value 81, of which 100000
shares has been placed in the treasury,
development of the ground.
Hans Olson of Caliente and John f.
/ Roeder of Phoebe are heavy stockhold-
ers and have long been Interested IN
that district. James Nesbitt. former
sheriff and business man, was president
before his death and he was hrm be-
lever in the future of the property,
a belief which he generously backed
with his money.
The holdings of the corporation are
opened with three shafts and many
crosscuts and prospect holes The old
Gypsy shaft was sunk to depth OF
eighty feet and opened some ore, or
spectacular grade. One sample taken
silver to the ton and another taken by
a prominent local mine superintendent
assayed over 1900 ounces Of silver.
These, of course, were accidentally
high, even for picked samples, but they
at least indicate that rich ore exists
and that it may be hoped with some some
reasonable basis that other high values
may be found. Some ore of fair value
was taken from this place and mar
keted, but the total amount of work
, done at this shaft, with it's wlndlass
, equipment, totals only few teet, as
,, the vein was opened at the depth OF
} fifty feet and only short drifts run.
: On account of the difficulty OF max.
; ; ing a satisfactory road the ola shaI,
was abandoned and new working
; shaft, also called the Gypsy, was start
, ed on the strike of the VEIN but on @ TN
!, other side of the summit of the ridge
and this new shaft can now be reachet
. with a motor truck. This shaft is vel
! timbered and has gallows frame owe
it. This Gypsy shaft encountered IN
), ore at depth of los feet, but owing q
!, lack of sufficient funds the compan:
q was unable to develop this orepody
!, which at that time had low Valus @
: The advancing price of silver mas no" i
= however changed this ow-grade lfo
9 ore into a decidedly attractive orepou
g well worth opening up. At TINS shaI
;. there are two most interesting geolos
iGal exposufes cpronne@ thousands Of fee
IS at this point was not strong enough I
y break through the lime and disappear
Is later to reappear for some q disthace tbe sba
and distant but few feet the POI
! phyry dyke. ordinarily straight, take s
= double and short curve similar 10 tn
g with the formation of the ore.
The new manager Frea last t. WeeK HeHone
nt Hagel and Charles Stindt for the pu
OF pose of looking over the surface ar ar
b. checking up some, posts ana e aine
!e. zach member of the party was que
- toned by the, reporter and each anaase; e;
pressed good opinion of the proper,
In so far as their personal ooserVatloi
permitted, since they did not go ul
derground These men Mnehner are eSRerlsttSS Is ratS
Nv enthuSia site, particularly since
Sc found some high grade ore t1 on the ta, tr,
+a samples of which he brought ea pa
le. With him He is trying to enlist ini; ma
s cial support in Louisiana and Missl M ssi
sippi and is naturally desir1ps sms1I rssoii al ii
hniSt 10 needed before economical Wo
st, can be undertaken. but Mr.. Hueon
ch hopes to have the property ov e6uiPePi III
eN and in operation before the snow III III
The property, while admittedly Pre-
os pect is regarded with favor yc9ornseyyvati ey af
~. management and careful study the &C
0S' noratfon should meet with success
the development of its ground