Show THE GOLD NUGGET PROPERTY tho the gold nugget company was recently organized to take over several lode mining claims and the placer mines owned by the white rock gold mining company in the centennial mining district elko county nevada the company is capitalized for shares par value 1 it owns six lode mining claims an and d will have about acres of placer ground which is known to contain good values in gold some years ago the property was owned and worked by the white rock gold mining company during one short season two gold shipments were sent to the mint wh which ich brought it cost less than to get out this gold according to the reports of engineers the gravel in the silver creek valley carries from 50 cents to per cubic yard the gold which was i bro brought u in was heavy and coarse and showed that it had not traveled far some of the nuggets weighed up to 51 there were many others that were worth from 1 to 20 each A force of from three to eight men has been at work all the spring and is getting ready to clean cleanup up a good strip of bed rock before the season is over the en engineer ginear expects to show results very much greater than the above the com company p any will have am ample P le water power for running a large mill and also for all mining and milling purposes it is estimated that one eighth of this stream will furnish power enough to run a stamp mill on one of the lode claims a ledge edge was discovered which showed an average of 2060 in gold across echt feet of the low grade ore this can be mined easily for a tunnel can be run at once on e the vein the company plans to put in a small mill during the summer months and this will be increased gradually as the developments warrant it is expected however that the placer will not only furnish money for dividends to the stockholders but also furnish means for equipping and developing the quartz mines there is nothing more interesting or exciting than good placer mining this is also profitable where there Js is plenty of water and where the indications are so good as they are in the properties which are controlled by the gold nugget company while the placer mine is expected to yield ample funds to meet all necessary requirements for dividends and development the greater profits will probably come from the quartz mine already many lode claims have been secured and options have been taken on other placer properties near those of the white rock both the president of the company and the engineer in charge of the work are confident that this season will show excellent returns for the work that has been done little has been said concerning the property of the company but the work has been going on quietly and successfully the reward for the efforts will soon be manifest |