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Show Mining. The New Ysrk-Tonopah Gold Mining Co. Among the many claims which were located in tho early days of Tonopah mining camp, none have proven richer or carrying larger or more permanent perma-nent ledges than the Gold Hill Mining company's claims, the Fraction Consolidated and the Wandering Wan-dering Boy, which lie side by side, each having been developed to the depth of from 300 to 550 feet in shafts, cross-cutting immense ledges varying vary-ing in width from six to twenty feet and carrying values in gold and ruby silver from $300 to ,$1200 per ton. Adjoining the Wandering Boy and Fraction Frac-tion claims on the southwest lie the four claims owned by the New York-Tonopah Gold Mining company, consisting of the Washington, Wyoming, Cape Nome and Frisco. All of these claims are located across the contact which can easily be traced from the Wandering Boy, Gold Hill and Fraction claims into and across the ground-of the New York claims, and while the claims of the latter lat-ter company lie nearly 100 feet higher than those of the Consolidated Fraction and Gold Hill company's com-pany's properties, development on the New York claims has proven without a doubt that these claims are traversed completely by the ledges which have already been thoroughly developed on the adjoining properties. On the Fraction claim which adjoins the New York claims on the northeast north-east a shaft lias been sunk to a depth of over 300 feet, cross-cutting a ledge nearly twenty feet in width, having every indication of being a true Assure vein with both walls clearly defined and the ore carrying values well up into the thousands of dollars. The contact through which the New York shafts have been sunk is precisely the same as that encountered in the Fraction claim, and work having now progressed to a depth of 310 feet, in a finely timbered double compartment shaft, there Is no doubt but that the Fraction ledge will be en-I en-I countered on the New York claims within the i-B next thirty days, as the difference in altitude be- tween the New York and Fraction properties does not exceed 100 feet, and, having struck the ledge .B at 237 feet on the Fraction, there is no reason to doubt that the New York property will develop the same ledge at a depth of close to 400 feet and at the present rate of sinking, viz.: five feet per day, there is every reason to be assured that they will strike the ledge within the next ninety feet. On the Gold Hill claim, a ledge parallel to the Tonopah Fraction has been crosscut and its ore assays up to several thousands of dollars, while on Sthe Wandering Boy the ledge which has already been crosscut also carries high values and its direction di-rection like that of the Gold Hill and two Tonopah Fraction ledges, has a southwesterly trend dipping directly into the ground of the New York com- pany's claims, which, lying across the ledges will catch four high-grade veins whose richness and permanency have been amply proven in the workings work-ings of the adjoining claims. It is safe to say that every foot of development work prosecuted on the adjoining claims adds to the value of the New York company's properties, in that there is no Possibility of the ledges on the adjoining claims either petering out or taking any other trend than that already proven on the Gold Hill, Wandering Boy and Fraction claims, all of which lead into the properties oZ the New York company. The company has installed on their properties a 22-horse-power gasoline hoist capable of carry-,ng carry-,ng the shaft to a depth of 1200 feet, while their buildings and other surface improvements are the finest and most complete in the great camp. The company proved its faith in its holdings by spend-,nB spend-,nB upward of $10,000 development and machinery ma-chinery before a share o 'k was-placed on the Market, The company has been incorporated for 000,000 shares at a par value of $1 per share, and as soon as tho ledge is struck it is a certainty that-the stock will go up to the top of the list. It is the purpose of Mr. F. J. Davis, manager of the company's properties, to crosscut the Fraction ledge and continue sinking to catch tho ledges of the Wandering Boy and Gold Hill at a greater depth, and as these ledges all lie parallel and have the same northeast and southwest trend the New York company has every assurance that they have a bonanza property. They have sufficient money now in the treasury to continue development until they have sunk the shaft to a sufficient depth to catch all four of the rich ledges which traverse their properties and drift on the ledges to their full length. From a shaft sunk on the Fraction but a short distance from the side lines of the properties and leading into the upper New York claim and so on through the remaining claims of the company, the ledge has been struck and opened up and rich ore has been taken from the workings at a depth of about 300 feet. The Fraction, Wandering Boy and Gold Hill are all steady shippers and are among the righest properties in the famous camp. The New York company's shaft is now sinking through a formation resembling in all regards the contact through which the Fraction shaft was sunk to a depth of a little over 200 feet and the ash formation for-mation as the miners call it, through which the shaft is now sinking, and which lies above the quartzite formation found in adjoining properties is in all ways the same class of ground which was encountered in the Fraction claim which adjoins it on the north. The Tonopah City claims which lays parallel with the Wandering Boy and about 700 feet north of the New York properties has 300 feet of shaft sunk, and is equipped with a 10-horse-power gasoline gaso-line hoist and is working two shifts constantly. Its formation is the same as that through which the Fraction company has already so successfully sunk and they anticipate striking the ore body at an early date. |