Show NEW GOLD DEPOSITS IN NEVADA MINES by al H martin demonstration by the silver pick lease that the big vein in the red top mine persists below the fourth level and above the third level marks the most important development of years at goldfield the entire ledge is the mot important development of years at goldfield the entire ledge is stated by the management to average 40 per ton in gold with limits of the still undefined and the ledge showing every indication of persisting to greater depth at several points the vein has been exposed for a width of twenty feet and has been proven beyond all austion the most important deposit uncovered in the goldfield district since the jumbo extension company exposed the velvet bonanza in in 1914 shipments from the silver pick to the tonopah belmont mill are averaging tons per week weak with recent consignments consign ments sampling 60 per ton the management V states that seams scams of rich quartz are mingled with the ordinary iiii milling hing product the company reports excellent monthly earnings with prospects bright for declaration of a dividend before the end of 1922 ahe L he new was found in the hanging wall of the famous red top vein and opens to mining a virgin section of the goldfield district development of milling ore of good grade is reported from the gold hill mine of the goldfield development company and mine anine conditions are steadily approaching a point where installation of a mill will be warranted the goldfield deep mines is preparing to install a diamond drill and condi conditions tiong in the nevada eagle property of the lewanas and the yellow tiger group at stonewall are stated to be showing consistent improvement at a depth of feet the crosscut from the red hills florence lease on the florence mine has intersected two veins drifting is advancing on the first ledge in expectation of opening shipping ore the consolidated mayflower company operating at pioneer reports splendid ore showing in the new workings of the starlight mine with property gradually developing into one of the substantial gold properties of nevada much of the new ore is of higher grade than the product blocked out in the upper working and in the mayflower group but of late some particularly fine quartz has been placed in sight on the lower levels of the mayflower mine it is the plan of general manager W J tobin to press developments at all points with a full cre crerand wand place the improved mill in commission at the earliest practicable moment considerable interest centers on the nevada birch creek mine twelve miles east of austin following the opening of new bodies of shipping ore in the main workings ogden people have acquired a large interest in the property and it is probable that early shipment will be made to utah smelters shelters sm elters the north drift from the lower tunnel is in a wide ledge running better than 21 per ton in gold with the south drift advancing on quartz with a steadily increasing gold percentage the outlook is considered excellent for intersection of the shoot which yielded bonanza ore about three years ago at the austin nevada consolidated near austin the main tunnel is within feet of the first series of large ore bodies and president H G richardson expects the workings to enter shipping ore soon arrangements have been made to complete the tunnel with power drills the property contains over fifty veins including extensions of ore bodies which yielded millions in the palmy days of the adjoining austin manhattan group silver was the predominating metal in the manhattan properties but in the austin nevada consolidated gold appears to be more plentiful than the white metal prospecting of a gold bearing area between austin and birch creek is proceeding with several small companies interested the belt has been pronounced one of the most remarkable in the west by mining engineers and the result of the present prospecting is being closely watched huge ledges are evident and some very rich ore shoots have been uncovered the territory apparently links up the austin austill and birch creek fields |