Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1922-10-27
GREAT MINERAL
find IS MADE
new GIBRALTAR
Property Termed by Engineer
as Silver Mine That is
Turned Upside Down
ORE SHOWING REMARKABLE
Number of Important Deals Are
Pending in Various Parts
of Rich District

oA silver mine upside down; a
,ro,k a' nature. but nevertheless
trpe" This was the expression made
by p.om'nent mining engineer con
,ernin- the property of the New
Gibraltar Mining company, whose
ao,ftres are located 81 miles north
Of Tan.oah.
Nirus men who have examined
this pruaerty agree that 1t possesses
wonderful possibilities as a coming
nroducur Of silver, gold and lead,
and n. little excitement has been
caused as a result of the ore show
jDgs that are now in evidence. I'm
portant discoveries have been made
of late throughout that highly min
a37ad sections while one deal OF
more than passing interest was con
summa,pd last week which involved
the transfer of $4,000 in cash and
100000 shares in a company that is
to be formed.
It is freely predicted by those who
have been over the workings of the
New Gibraltar Mining company that
Gibraltar Is destined to become the
home u, some OF the greatest pro
ducers ln southern Nevada. The
district belongs properly to Nye
county. that section of the state
that is always furnishing surprises
in a mining way, and 1t would seem
that In this particular instance that
Harry c, SIm,er, the well known
investment broker and pioneer pros
pec.0r OF southern Nevada, had at
las, found a mining property that
would stand he acid test and prove
a domIlan, factor in swelling the
outpa. OK the precious metals in the
years 90 come.
Imagine II you can a solid body
OF Ore having a width OF nearly 100
ieei with average values of s31 a
ton !n silver and gold, the white
metal dominating to very mark
ed degree. and with values running
as high as $3.50 a ton, and you have
before our eyes the Gibraltar mine.
InS ore is showing on surface and
'he ma s.ye boulders and outcrop-
pings carry these values wherever
you may pick a specimen. That Is
Inc reason that the Gibraltar has
oeea termed a silver mine upside
GOWN When development was first
instituted on this property over two
years ago tunnel was driven about
IoFV feet to crosscut the
VEN, 4 turn was then made to
Tue west with the result that the
aAdesi,o formation was passed and
The vein missed.
WORK was then suspended for
some reason, and development was
not started again until about three
months ago. A new company was
'ormed 10 take over the property of
Tue Gibraltar Silver Mines company
once that time what is known as
tunnel No, 2 has been driven on
,He ven, a monstrous body of ore
1a''ns been exposed that is even
VI better grade than that showing
Ae upper tunnel. The vein
D'S oeen crosscut for about so feet,
~ 10 wall has been encountered
auu % some engineers predict that it
""' De found to have a width Of
"om $50 to 200 feet. In the bottom
st 'ue crosscut high grade ore is
moving being indicative that the
|eSnool will be found to be per.
s~ s,1'0"t to great depth, and continu-
ally growing richer.
"ecehtIy H. c, Wilmot, one of the
I,a. u.s., hnown mining engineers in the
T y"''ea States. was recommended to
He" York investment brokers. rep
''''n'ed by w. NJ. Waddell, by Muir.