Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1922-10-27
GIBRAL TAR AT TRACT|NG ATTENTION F|NANCIERS

ray Guggenheim, as the proper per,
son to make report upon the prom.
erty. Mr.. Wilmot spent several days
at the seat of development, and in
his preliminary report favorable
response was made. He recommend.
ed, however, that a crosscut tunnel
be started farther down the hill that
the vein might be intersected at an
increased depth of l25 feet. Work
on this undertaking was launched on
October IA, the objective, according
to surveys, lying about 200 feet
ahead Of the portal. Since then the
bore has been advanced 60 feet.
and in view of the fact that work
is being rushed along with two shifts
of miners, progress Is resulting at
the rate Of from 10 to II feet each
day, 1t is hoped to penetrate the
vein within from 15 to 20 days a.
the longest, and all interested in
Gibraltar are watching operations
with more than passing interest.
When the Gibraltar VEN has been
reached, a winze will b. sunk from
he tunnel level with view of
again determining the persistency
If the oreshoots, and in the event
hey are found intact, then another
unnel will be started farther down
Or nearer the base OF the mountain,
with view of securing greater dep.
h, and at the same time providing
l means Of egress for the ores that
viii ultimately be mined, thus re-
lucing operating expenses to a mini
mum.
There are thousands upon thou
ands of tons of ore exposed in the
wo upper workings of this property
hat could be profitably handled with
milling facilities, Although the
country is unusually rugged along
he mountain side, all of this ore
could be prOtitably handled with
milling facilities available, Through
an aerial tramway this ore could
)e transported economically, but It
IS hoped to eliminate such a pro-
,edure through proving the persist
ency OF the ore veins by deep tun-
Iel driving, thus permitting of the
running OF the ore by means Of
chutes direct into the bins OF the
mill that will eventually be con
structed.
The New Gibraltar Mining com
pany has one of the best equipped
properties to be found in any out
side district In Nye county. Three
arge buildings, one used for a bunk
house, another for a storage house
and bunk rooms, and the third as
a boarding house, grace the surround
ings. In addition there is a residence
for the manager and one for he
superintendent. a telephone line
has been constructed from the mine
to connect with the line at Round
Mountain OF the Nevada Telephone
Telegraph company, while black
smith shops at both upper tunnels
have been provided. A compressor
building in which is installed the
Chicago pneumatic three-drill com
pressor An air line capable OF car,
rying air for 5000 feet has been
provided, and machine drills are
pounding away in the advance of
tunnel No. 3, which is destined to
interesect the Gibraltar vein within
a comparatively short time.
One OF the leading features In
connection with the mining and
milling operations at Gibraltar lay
in the fact that there is bounte-
ful water supply, and water has been
piped a short distance from the
creek whence Round Mountain Sc
cures Its domestic supply. There IS
plenty of water that can be made
available for both mining and milling
purposes, which Is an item of the
greatest importance in the economi-
cal development of properties and
in the reduction of the ores that are
mined.
The formation Of the Gibraltar
district is andesite, rhyolite and lime
shale, greatly resembling that OF the
Tonopah district.
With the announcement made Sat
urday that Nick Abelman, Jack Jor-
dan and H. c. Stimler had sold the
North Extension Gibraltar to Walter
Geddes, representing New York capi-
talists, for a consideration of $780,
900 cash and 100000 shares In COM
pany that Is to be organized imme-
diately, considerable excitement
manifested itself The first payment
has been deposited with the Guar
anty Trust company of New York
and the final payment will be made
shortly. Mr.. Geddes was formerly
superintendent OF the Goldfield Con
so.idated Mines company, and dur