Show 0 THE GOLD MOUNTAIN development COMPANY special correspondence kimberley dec 8 1904 work is progressing rapidly and most satisfactorily in the development of the property of the gold mountain development company this company has a group of eight claims which embraces OTi braces about eighty acres of fine timber land and a water right that is equal to about sixty or horsepower the property of the company is only about a mile and a quarter from the annie laurie mine one of the regular dividend payers of the state and from present indications bids tair fair to emual the record of this bonanza proposition when it shall have been more extensively developed up to date the gold mountain development company has driven three prospecting tunnels in all of which there is a most satisfactory is showing there are three veins on the property on one of which the big jumbo which is seventy feet in width an assay of has been obtained from clear across the ledge this satisfied the management that with depth good values would be found on the queen spur ledge ore taken from the face of an eighteen foot tunnel returned values of 1050 in gold to the ton this is a fine vein of quartz and looks very promising after the further development 1 ot of the group the company became co 0 o well satisfied with the outlook that a 45 foot tunnel was run to further prospect the ground and now a big working tunnel has been started with th intention of tapping the three veins at a depth of feet this feet and the face is in a lively looking porphyry which chow howa flour spar and large quantities of iron pyrites together with quartz seams the coming in of the flour spar with the additional fact that a flow of water has been encountered gives the officers every reason to ta believe that they will be able to give the stockholders of the company some agreeable news by christmas H J J gottfredson is vice president and tunnel is now in tor for a distance of over manager for the company and he is doing some intelligent and systematic work |