White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1921-07-24
VALLEY COMPANY a!
HAS GOOD SHOWING

Joseph Lowe. manager of the Ma
tionai Clothing Company store in
Ely. who is interested in the deyel-
opment ~ the Lake Valley Mining
Companys holdings, made a trip To
the mine Sunday. returning Monday.
fIe brought with him some ore sam
plies which have attracted the inter
eited attention of local mining men,
while an assay of bae sample IlaJe
by Ed Willard < Son shows unusual
IS rich values. part!c9 arly in silver.
Inc samples were picked up n "a
dom. n from the tunnel and one
from the surface. The first assayed
.03 ounce in gold and 226.2 ounces in
silver. with a total value OF $227 90
per ton. The second sample assayed
showed OF ounce III gold, 1904
ounces in silver. with a total value
of sl30.61 per ton.
The Lake Valley holdings. consist.
ing of ten claims, which have recent
ly been acquired by Ely and other
parties. have long been known in
mining circles. The present owners
intend to bring the property into the
list of active producers The work
is being pushed under the manage
ment OF John Smith Of Ely and as
the new company claims to be al
ready financed il is cot engaging in
a s~tock-selling campaign. but Is out
tc make a mine.
There are at present twelve mel
at work erecting a mill, which will
have 4 capacity of fifty tons per day.
Crude oil is to he used for power.
hut among the possibilities of the
future is the utilization of tue water
power in hat locality. which is ad-
equate. and an enlargement of the
mill sufficiently to handle the in
creased output from the Lake Valley
mines, as we'll as to take care OF
milling, there being a large
quantity OF ore on the dumps OF 9TH
er properties in that locality.
The Lake Valley company includes
in its holdings proved water rights.
with a flow of water sufficient for all
present and future needs
1t is claimed by th. management
that there is already enough ore at
hand TO run the mill for at least q
year without further development.
OF this ore is on the dump and
some of it in the tunnel, which at
present is in about 400 feet. The
ore IS of free-milling quality and y
found on top OF a granite fOotwall.
which outCrops for a long distance,
with a width of from seven to twenty
feet. BY following this drift the ore
can be obtained in milling quantities
without further development. II is
said that prospectors who have work.
ed over tho country I'm that locality
have traced the ore for a distance
OF seven miles.
Besides the silver possibilities II
The Lake Valley there are
also strong indications OF gold. one
gold-carrying vein fourteen inches
wide having been uncovered.
The new mill is located about
sixty miles from Ely. which is the
logical trading and shipping point,
although the distance to Phoebe IL
about the same as TO Ely. The prep
erty Is situated IN an ideal location
with plenty of water and timber. and
the mill Is so situated on the side Of
the mountain that the ore can be
trammed down from the workings by
gravity. thus ~effecting a great saving
in time and expense.
Construction work is going along
IN a satisfactory manner and IL is
hoped to have the mill in operation
ard from twenty-five to thirty men
employed in the work OF mining and
milling by September /.
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