Show AT THE PANACA MINE record pioche nevada old chief district situated on the west side of meadow valley wash and about midway between panaca and caliente promises just now to develop some good gold properties years ago the section attracted considerable attention on account of gold showings the old democrat and adjoining claims turned out some high grade ore but it was so impregnated with arsenic and other bases that it was unprofitable to work as not more than fifty per cent of the metallic values could be recovered wren heaps walter long and C P of panaca eighteen months ago discovered a contact vein some three thousand feet west of the old democrat and located it as the panaca it is a soft ore carrying a good percentage of oxide of iron and carries little but gold values these run from 10 to 16 per ton and the ore yields readily to cyanide treatment some months ago C 0 0 whittmore and associates of salt lake took a bond on the property through lloyd and cook of this place they have prosecuted work and with good results the main shaft is down now over feet with an ore showing of from four to ten feet the whole distance A foot drift also shows ore to the south of about the same volume the average are very uniform work was suspended during the holidays but has been resumed the shaft is to be sent deeper and drifts to the north are to be run while several contiguous claims are to be exploited everything in and about the mine indicates permanency and that more moie ore will be disclosed mr whittemore and associates are greatly interested in the property and are ready to push development to any extent justified their work has developed new interest in that section and the ground for some distance around the panaca has been taken up and on most of it mineral indications occur the panaca veld vein and those surrounding it are entirely free from bases and as it is substantially the same formation and country as the famous delamar mines and at no great distance from them and as gold is 14 found several miles south again in the same tract and near caliente great expectations are justified by owners of the new properties |