The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-08-26

The Eureka ..
comnany. recently organized makes
Snnuncement in circular setting
sar,b It's objects and purpose. In II
io'. -, forth that the entire assets OF
Is 'eI rmreka-Nevada Railway Com
INC including $50 miles OF main
PAM miles of sidings, z locomo-
my, my, and 12S cars, will be purchased
W. .ha eureka Smelling and Mining
w This road is In active operation,
;ovs w a monopoly of the trafiic In
districts served, has paid sub
Initial en dividends to its stockhold-
and under the conditions about
- he created should become one OF
ne most profitable short-line rail-
roads In the world.
The Eureka Smelling 4 Mining
~ intends to rush to completion a
casrn precious metal smelter to be
,assssd on the line of its railroad and
~ : tvpe economically expandable.
,ha nresent time the nearest smell
- available for the treatment OF the
s~.c,ous metal ores of Eureka and
..,hutary mining districts is located
'. Salt Lake City, Utah, some $50
-s,,ss from the mines. Freight rates,
for this long haul. smeiter charges,
earting expense and cost OF trans
shipment from one railroad to an
ether have combined to make un-
vroftable the handling OF ores car
sr,ng values less than $40 per ton.
IN fact. during the period of Eu-
-aps's phenomenal prosperity when
eoLs for smelling had to be imported
ssom Wales, England, the cost of
smelting was so high because OF the
conditions and low percentage of re-
sovery due to inefficient methods OF
attraction, that no ores carrying less
than $40 to $50 per ton In values
could, with profit, be shipped from
the mines.
Hence IL is that all ores In the dis
trict bearing $50 per ton or less val
no are still there available, as soon
az the new smelter is built, for prof.
itable mining operations. The enorm-
ity Of the underground riches as yet
unmiued or untreated can be imag-
ined from the following: According
IA reliable data, over 100000 tons
of ore in the Eureka district were
mined and smelted with a yield of
from 100000 to $20O,0O0,0OO.
These ores were. as previously shown,
Of very high grade. Now the per-
eentage of low grade to high grade
ore Is always very high. 1t follows
that the tonnage OF lower grade ores
encountered in mining over 2,0OO,-
geo tons of high grade was very
large. This enormous tonnage alone
"a said by experts to furnish safe
basis upon which TO establish a prof.
table custom smelling enterprise.
Investigation of the official records
of Eureka County disclose the fact
that some 400 mining properties are
held by valid titles; $50 OF these are
recorded as ore producers. The In
stallation of facilities for treating
the ores OF these mines locally will
start them producing. Their aggre-
gate production should soon reach
an amount requiring a very large
smelling capacity. An additional
tonnage OF large proportions will un-
failingly and continuously come from
outside adjacent Districts.
Within nine months the company
expects to have an initial unit of 500
tons daily capacity in operation. Ca
pacity will be increased to keep apace
with increasing ore production and
II Is estimated that two years will be
required to reach the company's OBJ
jective OF $500 tons daily.
Experts familiar with the ore de-
positions. available ores and the per-
manency OF same estimate that be-
fore the company can provide suffi-
cient units for the treatment of $500
tons daily the mines of the Eureka
and adjacent districts will be in a
position to produce. continuously.
and over long period of years. an
even greater tonnage.
To safeguard the enterprise as well
as to take advantage of the excep-
tional opportunities offered for great
~ Increasing the company's profits.
certain carefully selected mining
properties will be acquired. Ar
rangements for obtaining control of
some OF these properties have al
ready been made. Official announce
ment concerning them will be made
In due course.
Everything in the Eureka and ad-
>acent mining districts. everything
gong out OF or into them and the ex-
tensiye territory contiguous to them
must pay tribute to the smelter or to
tne railroad. With the Eureka Smelt-
ing 4 Mining Co. owning the rail-
road. the establishment of a smelter
tnat could successfully compete
would not be possible. Neither will
De possible for the Salt Lake City
smelters to compete. Thus the COM
pany VIII control very extensive
territory known to be enormously
Iich IN precious metal ores, which
are self-fuxing and afford every
requisite for ideal smelling condi-
tons.
=. L. Torres, president of the Eu-
,eka-Croesus Mining Co., doing per-
maps the most important exploration
mork yet done in the district and
making an intensive Investigation
snu study of the geological, metal
,aisicai and transportation problems,
aas recently completed a comprehen-