The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1921-02-04
OUTLOOK IS BR|GH
FOR PRINCE CON.

& Smelling Company. the largest
shipper OF ore in the Phoebe dis
trict, recently announced their in
tention of sinking the main vertical
shaft to a depth and thus develop the
known resources of the mine. below
the water level. The greater rich
ness of these lower beds should pro-
duce profits that should eclipse the
mines previous brilliant record.
The Prince Company owns twen-
ty claims, a standard gauge railroad
from the mine to Phoebe, 100000
tons of valuable mill tailings and =
mill equipped to handle the same.
1t was credited year ago by engin-
eers with $4,000 ton reserve of ir-
on manganese fuxing ore ready for
development and extraction. Divi-
dends to the amount Of $574.924.21
have been paid from earnings on
this class Of ore. $4,000 tons Of the
mill tailings formerly sold brought
the company 5000. 100000. The re-
naming tailings sample $1,000 in
silver, lead and gold.
These assets in themselves make
the Prince one of the big mining
properties Of Nevada, and 1t is due
tn 1921 to undergo transformation
which should place 1t among the
greatest metal mines In this state.
The really high grade resources of
the Prince are underneath its pre-
sent workings.
This is not NEARLY theory. Ow-
ing to the peculiar manner of dis
position it is fairly easy to deter
mine the value and to estimate with
probable accuracy the extent OF the
deeper ore deposits of the mine.
The geological formation consists
Of alternating layers of ore bedd-
ings and permeable and imperme.
able limestone, lying almost fat and
which are cut vertically by two min
eralizing fissures.
The assures have been productive
. where opened, of the richest ore ye,
found in the mine, some of itxunnint
as high as $50 ounces silver to the
ton, and where they have cut tn,
beds of permeable limestone they
have replaced this limestone TO-
great distance with impregnated ore
n
tween the surface and the 100 foo
level. The first five are so, 90, 20
and II feet thick, respectively, tn
sixth is somewhere between II an,
- feet and the seventh 10 feet Il
thickness. The first five beds ar
above the water level and much O
their mineral has been leached out
and carried to the lower zone, bu
will still average about 81 per cen
iron, 1910 per cent manganese, 3.
per cent lead, and "a ounces in 81
ver to the ton, and have braough
at the smelterst where they are CO
ceded to be unexcelled for fiuxin
purposes, $500 to $4.00 per ton.
The sixth, bed, which is 319 fee
below the water level should averae
better than 25. ounces in silver an
$3.50 In gold, and should yield full
$4,000 per ton at the smelters.
The seventh bedding, is 1910 fe,
below the surface and immediat
above the quartzite. It assays q
out 80 per cent in zine sulphide
exceptional purity, which shou
command the top price at the ri,
smelters and yield under normal m,
ket conditions handsome profit
The thickness, value and area
the five upper beds are demonstr
ed by years of actual developme
and production. About I,000,0(
tons Of the fluxing ore have be,
mined and marketed, the net retu,
having paid for new territory, Il
sinking OF the new working sha,
various other permanent impro
ments and. in addition the half n
lion in dividends disbursed.
Data on the lower beds Is deriv
from the correlation of diamo
drill results with the establish
facts OF the districts geology. Up
the reasonable assumption that {
sixth bedding corresponds in ar
with the upper beddings, engine,
can forecast yield Of more tn
100000 tons OF ore. with an ag,
rate, value Of over 3S.000.0o0
This docs not take into account
cepticnally rich ore which is xpect
eto make in the assures and seco
arily in rich deposits IN rich depos
that can confidently be anticipat
This momentous increase in ,
earnings Of the Prince seems to
rsnd solelv on the time which '
be required to drive the shaft fr
the oS4 to the S25 foot level a