Show I te THE Goon NBWS IS L NFIRMHn l < Additional Information f Concerning the Golden Gate Deal BIG BOOM FOR MERCUR i I I The Sale Means an Investment in That District off of-f I 10000000 UNDOUBTEDLY GO THROUGH k East Golden Gate Also is in the f Deal I Experts For the English Syndicate Exchange Favorable Cablegrams Property Owners in the Mcrcnr District Arc Jubilant Lively I t Day on Clmugx 1270Q Shares of I Stock Chanere Hjuids Excitement I ILan High Over the Richmond Yuacoiidsi XCT S of the Mines I I The talk of the hourj in mining circles cir-cles yesterday was the information which was circulated exclusively inS in-S The Herald that a mining deal was on the tapis which if consummated would bring to the Johannesburg of America an unprecedented mining boom the like of which was never ex S pgrienced by any of the camps of this < 5 country none of them excepted Visions I F Vis-ions of a Cripple Creek a Pioche 1 S JLeadvilte an Aspen a Virginia City I an El Dorado and all Californias famous S fa-mous camps combined in one floated through the day dreams of those people I S peo-ple who own properties in the great district or who are interested in any II S of thorn In their visionings they could see the name of Mercur heralded all the world over running ahead of slow I time a year or two and it did not require I re-quire any great fertility of imagination S imagina-tion either for but to refleor a moment l on what the consummation or such a proposition means to a mining district and especially to one such as Mercur is sufficient to justify a property owner in that section in indulging in the most I S fabulous anticipations That this is true will be seen by a brief statement approximately of what is involved in the contemplated deal I t S The Golden Gate property covers a surface arsa of 760 acres Beneath I 1 the whole of that ast area spreads Ian I-an ore bCdy like a blanket which runs r from twenty to 150 feet in thickness I Yo and the minimum richness of which j I is 15 in gold to the ton and much of I f SS it will go a great deal higher In fact r S some of the experts who are now examining i ex-amining the property for the syndicate I jvvhich contemplates purchasing it i have estimated that some of the ore t will run as high as 34 i S As an evidence that the ore body is I not overestimated as to its extent I I there is the fact that in the twelve I I acres which have been developed there I r are two and a half miles of tunnels shafts and drifts all exposing ore I I assays from which prove its richness f This then is a conservative statement I 11 > state-ment of what the mine contains andS i I i and-S superficial though it is it is held not to have been overestimated by all I I who have had the opportunity of ex I i amSning the mine I 7 A conservative estimate of the expense I i ex-pense of treating the ore is 3 and this I is considered as the maximum If this I is the fact and the ore goes 515 to the j S ton or even very much less the 1 gigantic proportions of the possibilities of the property can be readily understood under-stood and a man does not need to be a miner to grasp it Additional information concerning i S the prospective big deal was obtained 1 i yesterday and it is to the effect that tt there is very little doubt that it will be j i successfully negotiated and that at no very distant date the information coming from a source which cannot be questioned as to its realibility although al-though the name of The Heralds informant in-formant cannot be used for personal I reasons satisfactory to The Herald I and although the trustworthiness of this source of information is not questioned I ques-tioned another fact may be mentioned as lending additional authenticity to the statements made I It is known to a certainty that experts s 5 ex-perts are at Mercur examining the I property for an English syndicate with j I which the Rothschilds are associated 1 1 I and it is also known that for some I days cablegrams have been passing I back and forth between the officers of the syndicate and Messrs H Brat nober C Molson and C W Merrill I 1 three of the experts and it is further known thai the contents of at least some of the messages have been of a nature favorabe to the deal In the light of all the information thus far obtained there can be no doubt that the deal ii I contemplated and it seems I there can be no more doubt that it will j bp carried to a successful conclusion II If the deal is effected the company I It is understood will immediate begin i be-gin the erection of a plait of a caprt j j citv anywhere rom 1000 1 to 3000 tons daily This is one of the features of i the deal whirh adds to its importance I to the Mercur district It is understood that the East Golden Gate which adiolns the G < > ldp n C f I will be included in the deal should it j terminate as now expected and that I several other properties will also be in cluded The former it is i said will bp I taken over on a basis of 750000 and I the others on the basis of about 250 000 t J |