The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1920-01-03

ore SIS feet wide was cut through. No
work has been done on
this ore. Continuing from this point
for a distance Of 40 feet east q body
of ore running s4s0 vas encount-
cred. This ore body is about four
feet wide and going down, and II IL
L this writing being developed and
the ore extracted and shipped In
JACKS. Turning to the north from
this point for a distance of $50 feet
an ore body in which the high grade
ore 4 feet in width running $50 to
the ton was encountered. The lower
grade in this body averages $37.
This body is at present being devel-
oped preparatory to extracting the
ore.
All of the ore bodies on the 400
loot level above described are below
the deepest old workings
The old workings of the property
comprise about eight miles of drifts
and tunnels. An examination made
by the best known experts In the
world shortly after the old mines
we're closed showed one million tons
of ore in sight and two or three times
that in immediate prospect the aver
age value based upon the then pre-
vailing prices of silver and lead, both
of which we're extrtemly low, being
something better than $26 per ton.
In the dumps made from the old
workings there are approximately
$685. 600 tons of ore which averaged
1850 a ton when silver vas 20
cents an ounce, and the silver content
being about two thirds of the whole.
$7,5O0.000.
The Company owns a Stag pile In
which there are about 10000 IONS
which averages better than $25 per
ton. The high metal content of this
flag pile may be accounted for with
the reason that the smelter failed to
tecover a high per cent of the value
If the ore treated and was abandoned
IN that account. Value 100000
The total tonnage including dumps
md Stag equals 2,36S.635 tons which
1t the present price Of silver equals
573,4S3,80O. The company's engin-
GERS estimate that the total cost of
mining and smelling will not exceed
Sc pei ton, which will equal $14,-
211,S1O, which deducted from the
total values given leaves s5s.271,s90
net value. Assays have been taken
Dy tuC tnOucaAu OA tACoC OtC O90At9
and careful record kept of all data in
connection with the same. On going
over these assays 1t was found that a
great many reports and statements
lad been given out based on returns
and assays dating back three or more
years or at the time of shipment to
the smelter, and all values taken on
the returns from the same or 90% Of
the values, less hauling, freight and
treatment. This was found to be in
variably so. especially in connection
with the old workings. and made lee
essary an entire revision OF these val
ues to bring them up to present a
ket quotations of silver and lead.
Your attention is called to the fact
that the tonnage and values given in
the eight miles Of drifts and slopes
of the old workings yet to be opened
up, have not been included In the
above figures.
While the conservatism and accur-
acy of these old estimates as to ton
mage and values are not questioned
until this Company can connect up
these old workings and survey, map
and assay these ore bodies and put
them to the same rigid tests as has
been the custom with every body OF
ore so far encountered, these old
workings are regarded as entirely
prospective, though the tonnage and
values will without doubt run into
enormous figures after the
are made.
ORE IN PROSPECT
/ have already stated that In no
instance has the bottom Of any ore
body in the mine been reached. In
several cases, the full length and
breadth of the ore bodies have not
yet been ascertained, credit having
been given only to their actually as
certained size. The so-called Bonan-
"a Wine, which vas sunk from the
400 foot level, is now 800 feet deep,
all sides of which are in ore, none of
which has been crosscut to ascertain
the length and breadth of the ore
body. The biggest and perhaps the
most important fact yet demonstrated
in the mine is that Major Catlin's
contention that at depth greater and
richer ore bodies would be found
than were encountered in the old
workings is now a certainty and adds
incidentally to the value Of the prop
erty Tor the reason that all OF the
ground below the 400 level is virgin
and comprises a vast territory of
greater promise than anything l have
eve seen.
On the 400 foot level there are at
least half a dozen ore bodies carry
ing values from 500 to $3.50 or
more per ton, all of which were
struck on top and are going down.
Not in all my experience covering a
period of fifteen years in both the
North American and South American
continents, have / I yer seen prospects
of such value and Of such magnitude
and of such practical certainty. 1t Is
difficult, in fact 1t is impossible for
me to give expression to what I be-
lieve to be the ore in prospect as
viewed from the present workings
without employing language so ex-
travagant as would probably make
me appear so visionary that my opin-
ion might a to possess value.
Nevertheless, since all Of the high
grade streaks or chutes are surround
ed by masses Of ore that in most n
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