| OCR Text |
Show L0R1NG DISTRICT MINES .ACTIVITY IS EXTENSIVE Camp Named After Well-known Engineer Is Said to Have Large Deposits of Both High-Grade High-Grade arid Milling Ore. this time are being conducted by the Nevada Honey Bee Mines Co., on which Superintendent J. H. Bell is working two shifts with twenty men. A good plant, including a four-drill compressor and fifteen h. p. hoist, has been installed. in-stalled. It was on the Honey Bee that the original discovery was made, and there are at least three main veins, with numerous spurs and cross veins, on tho property. Though some of tho ore shows so much free gold that no assay as-say is necessary, it is under the smelter smel-ter returns of ore shipped as it is broken down from the full width of the, vein that gives most satisfaction to the owners. The first shipment under the above conditions returned average values val-ues from the smelter of $34.06 per ton and it is figured that $10 ore can be profitably mined at Loring. The report of J. Carltou Bray, E. M., says: "The main veins are from six to twenty feet in width and carry from two to five feet of richer ore, the rest being of fair milling grade. "The country is somewhat broken up on tho surface and it is figured that it will tighten up at depth and concentration concen-tration of values be found. The Malley shaft is down 110 feet and at a depth of 200 feet it is believed it will be under the schist formation. Good developments devel-opments are looked for when crosscuts and drifts are run at that level." Treasure Hill Well-Located. The Treasure Hill group of the Loring Lor-ing Treasure Hill Mines Co., lies to the southeast of the Honey Bee and has a fine surface showing, which redeems its promise as depth is gained. Two main veins run parallel through the property about 400 feet apart. The east vein crops for loOO feet and shows good values all the wav There is a high-grade high-grade streak on the footwall, from two to 12 inches in width, and there i scarcely an opening on it that does no's contain ore which shows free gold t the naked eye and rock in which no gold was visible panned wonderfully well. An important feature is that tha gold is disseminated through the rock and not merely in seams. Smelter returns re-turns tell the taie here also, the first carload of ore shipped from tho Treasure Treas-ure Hill returning values of $68 per ton. Several hundred tons, in which there is no high-grade, are on the dumps and will mill better than $10 per ton. W. I. Beauchamp unlike his cousin, Champ Clark is not much of a talker, but he is opening up lots of good ore on the Sheepherder, which,. in addition to the Pershing group owned outright, is operated under long lease by thn Jose-Davis Mining and Milling Co., of which he is manager. Beautiful speci-ments speci-ments sprinkled with gold, the color of which proves that it is of unusual purity, are frequently found. Like other properties in the district it has a network of veins, and on the main one the oreshoot is exposed for a length of 100 feet and a depth of sixtv feet. In doing this, there has been broken down and developed 200 tons of ore that Mr. Beauchamp figures will go $200 to the ton. This, of course, would pay big to ship if necessary, but it is the intention of the company to put it all through the mill which has already been ordered or-dered and is now on the road. The workings on the Sheepherder are about in the center of an ore zone nearly 200 feet wide which runs through that property prop-erty and that of the New Willard company. com-pany. This ore zone impressed F. C. Schrader, of the U. S. geological survey, sur-vey, another noted geologist who visited vis-ited the Loring district. E. E. Eoberts, former congressman from Nevada, and John Jose, a cousin of the noted singer, are the other officers of the company. Space will not permit of extended mention of several other good properties, proper-ties, though excellent ore has been found on some. The Mav-daM group, for instance, has ore that looks hungry enough but assays as "high as $399.74 per ton. The Tennessee, under bond to W. L. Shewan, and tho Sunsets, owned by Tom Jewett. Steve Herzog and John Eekinder, might easily join the leaders with development. Loring should have at least a half dozen good mines before another years rolls around. Special to The Tribune. LOVELOCKS, Nev., Sept. 13. Backed by the endorsement of a number of the foremost mining engineers and geologists geolo-gists of the country, in addition to that of practical mining nieu who have a "nose for ore," the Loring district has got into its stride and is fast approaching ap-proaching the period of continuous. and profitable production of ore rangin;1-trom rangin;1-trom ordinary mill grade to "picture rock going into the thousands per ton. As a result of the favorable reports of tho engineers, several of the companies are amply, even generously, financed tor comprehensive plans of development, develop-ment, as well as for milling facilities, and negotiations looking towards the' same end for otter companies will likely like-ly be successfully concluded within the next lew days. Tho camp of Loring is nine miles northeast of Lovelocks in a spur of the Humboldt range of mountains, the most populous portion of the wonderfully fertile fer-tile Lovelocks valley lying between. The Humboldt range has been a producer pro-ducer of rich ore almost continuously from the days when it was hauled by ox teams to Sacramento, thence by ships around the Horn to Swansea, Wales, to be smelted. The famous Queen of Sheba mine, which laid the foundation for the Hearst fortune, is but 25 miles from Loring, and the first smelter west of the Missouri river was erected at Oreana, but six miles distant. Geologists Survey Region. Among the engineers and geologists who have examined the mines of Loring Lor-ing may be mentioned: Dr. Walter Harvey Weed, than whom few geologists geolo-gists are more highly reputed; Bailey C. Clark, consulting engineer of Atolia Mining Co., of San Francisco; J. K. Turner, one of Nevada's most successful success-ful engineers; T. Schlenzig, of Shanghai, Shang-hai, China, graduate of the Eoyal Academy Acad-emy of Frieberg; uscar Hershey, of the firm of Burch, Caetani & Hershey; J. Carlton Bray, graduate of the Mackay. School of Mines; and William J. Loring, Lor-ing, in whose honor the camp was named. Mr. Loring is a partner in the firm of Bewick, Moreing & Co., of London, Lon-don, which is known the world over for the magnitude and success of its raining rain-ing operations. Mr. Loring ''s most recent re-cent personal successes have been in tungsten mining, and gold mining on the Mother Lode at Angel's Camp, Calif., and Colonel Salter, president of the Nevada Honey Bee Mines Co., feels that he made a ten-strike when he picked him for consulting engineer and general manager of the company. Br. Walter Harvey Weed was at Loring Lor-ing but a few days ago and, though he could not speak for publication in advance ad-vance of making his formal report to clients, those who accompanied him over the hills and to whom he talked say that he made no attempt to hide his interest and satisfaction, and staled: "Ybu have a wonderful surface sur-face showing here one that usually goes with big mines." A very similar remark is attributed to Bailey C. Clark, consulting engineer for the Atolia Mining Min-ing Co., when he was at Loring four weeks ago. The mountains on which are located the Honey Bee, Treasure Hill, Sheepherder, Sheep-herder, Banker's Dream, Mayday, Sunset, Sun-set, Tennessee, Pershing and others are covered by a perfect network of veins which run into or alongside basic dikes which outcrop prominently, and good values are found over an area several sev-eral miles iu extent in each direction. The values in most of the veins are in gold "with enough silver present to insure permanency and stability, ' ' as one engineer's report puts it but at widelv separated points veins carrying high "grade silver and copper values have been encountered. Better than 90 per cent of the values can be extracted by simple and inexpensive milling processes proc-esses from the gold ore which predominates. predom-inates. . ' Low Grade Ore Plentiful. While Loring 's fame has resulted mostly from finding at numerous places wonderfully rich ore in which free gold is plainly seen with the naked eye and sometimes is peppered as thickly as freckles on a red-headed boy's face it is from milling big bodies of low-grade ore on the ground that the dividends of the future will be paid. The most attractive operations at all this silver, and all other new silver and old silver available, was minted in 1918-19. The India mints reported 78,-000 78,-000 000- ounces silver coined into rupees in the 1917-1918 fiscal year. The 191S-1919 191S-1919 fiscal vear showed tremendously increased coinage, but the official report re-port is not available yet. The insatiablv ravenous demand for silver for minting in India has been due to several factors. The foremost is a high degree of prosperity throughout through-out India, which has resulted in silver Wviug the great centers of Bombay and Calcutta for the interior, the famed "sink of the world's silver." Rupees Eklted. The fact that the silver bullion value of a rupee exceeded the com or money value at the old exchange value of the rupee also had considerable to do with the disappearance of the coined rupees, ru-pees, and tho colossal demand for Eil-ver Eil-ver to mint new rupees. The silver shortage in India might have been alle-viated'somewhat alle-viated'somewhat bv raising the monetary mone-tary value of the Indian rupee, as has been done recently. Melting down of rupees could have been prevented perhaps per-haps bv making the monetary value of the rui:ee high enough, in comparison with the price of silver. As a. matter of strict fact, however, even the present pres-ent raised value of the ruTee is insufficient insuffi-cient for that. Even now the silver bullion of the rupee in India exceeds the monetary value by a slight margin. State policv counselled against raising Hie value of the rupee during the war. The reason was heavy debts in rupees ow'in" to India bv England and the U. S. and the allies. . Normally England is' a creditor nation in India or rother, was, before the war. To have raised the 'value of the rupee would have added still more to the financial burden bur-den which England and the allies owed to India. It was with extreme reluctance reluc-tance that the three advances to date have been made in tho value of the rupee ru-pee during the war-time period, from toe normal 16 pence, to IS pence during; ilv- war, to 20 pr-ive in 1919, nod now to ?'"' rH'. I Pic resultant advanco 111 the aluo of the rupee followed only when conditions condi-tions became so acutely critical in India In-dia as to absolutely and unavoidably re-1 quire alleviation. |
