OCR Text |
Show I' ' 1 From the Goldfield Sun, April 30th. 1 A telegram from Salt Lako City nnnounccs that X , tho llrst shipment of 28 tons of oro from the- Mont- j, gomory-Shoshono Mines Co., whose property Is locat- M , cd on the north Half of Montgomery Mountain In Bull- HE ! frog, netted fGUO per ton from the smelters. Tho oro BB . ' was taken across the 12 feet of vein uncovered In H ' the Shoshone tunnel during the llrst month's dovel- HJ opmcut work, without sorting or sampling. HJ , t 'The Shoshono ledgo traverses tho property of KH i ' the Montgomery Mountain Mining Co." E. A. MONT- Mn ' " OOMEHY, three-quarters owner of the Montgomery- HJ ' Slioshono mine. B i , "It Is only of a llttlo development work before tho BJ f Montgomery end of tho mountain which is tho south BJ i naif, will prove as great a bonanza as tho Shoshone igfl ond." MAJOR AV. A. STANTON, mining engineer, mH formerly on the staff of tho lato John Mackay at Vlr- U ' glnia City. I "Tho Montgomery property Is on tho strike of the J , . Shoshono ledgo. Tho outcroppings on Montgomery HJ " Mountain indicates that the snmo ledgo runs through WM both properties." MALCOLM MACDONALD, con- HJ ! , suiting engineer of the Montana Tonopah Mining Co. HJ j "Tlio ore body which carries tho high values in Hh ,". tho Shoshono unquestionably exists in tho Mont- Hjf " go in cry property. The ledgo Is well, clearly and dls- HE ?, tinctly defined from one end of tho mountain to tho HJ v , other, a distance or a mile.".!. 1). CAM 11)15 Lb, min- HJ Ing engineor, in chargo of Chas. M. Schwab's and HJ . John Mclvane's Cold Hold and Touopnh properties. BB f.. "I havo prospected tho ground of tho Montgomery BB fi Mountain Mining Co., hnlf a dozen times. It is scc- HJ ! ond only to tho Shoshono itself, and tho Shoshono is BB V. the greatest gold mine I ever saw, in a mining ex- HJ j porienco of thirty years." J. I MITCHELL, mining BB :j cngluecr, formerly consulting engineer of the famous BB , ' Yankeo Girl mine of Colorado, nnd of tho Uto and BM '' Ulay mlnc3 of Colorado, and ether great gold mines. BBJ ii. GREATEST GOLD MINE PROSPECT IN THE WORLD. ' , Tho Montgomery Mountain Mining Company's prop- i, ,. erty consists of seven claims, situated on tho south half of Montgomery Mountain, In tho Bullfrog district, dis-trict, and adjoining tho Shoshono group of clalni3 ', owned by tho Montgomory-ShoHhono Mines Co. ;. Stock In tho Montgomery-Shoshone Minos Co., of BB the par value of $1.00, is selling at $l!.()0 per share in BBv Goldtleld, although tho company Is only a month old, BB :' and development has only boon In progres sfor two BB months. BB Dovelopment work on tho Shoshono group consists BB ' of a tunnel driven into tho side of tho mountain for a H dijtanco of 110 feet, a ralso to tho surface of 17 foot, HB ,1' and of a win.o 100 feet deep. Thoro aro also two BB ' drifts on tho vein which has boon exposed for a dls- BH tan co of 12 feet Insldo of tho tunnel, and the wall BB ?. of tho vein has not yet boon reached. Tho tunnel, HB , tho drifts, the ralso and tho win.o aro all in high BH grado oro. HB Km Eminent mining engineers nnd practical mining BH 7 men nil ngrco that tho samo ledgo thnt runs through BBJ y the Shoshono runs through tho Montgomery. BH j VIGOROUS DEVELOPMENT WORK. BH Development work on a largo and oxtcnslvo scalo BH has already boon commenced on tho property of tho H Montgomery Mountain Mining Co. A tunnol, the site ISfS of which was located by Chas. M. Schwab's famous 1 , mining engineer, J. D. Campbell, is being driven into tho sldo of tho mountain with all possible speed', working night and day, with every indication that the Shoshono ledgo will bo encountered at from 50 to 100 feet. A tunnel Is also being driven in tho samo manner about 100 feet west, with tho samo object In view. In addition, tho company Is beginning a tunnel on Its Black Bull claim, lying on tho southeast' side of tho mountain, with tho Intention of tapping an enormous enor-mous quartz ledge, 18 feet wide, which seems to cut the Montgomery ledgo almost diagonally. This ledge has not oven been prospected by tho Shoshono people, peo-ple, because they havo had no time to do so, but they aro also now driving, with tho samo purpose In view. From every appearance and Indication this vein will bo equally as good as tho Shoshono on the samo ground. , Tho first 28 tons of oro taken out of tho Slioshono tunnel across tho ledgo, for a distance of 12 feet, without with-out sorting or sampling, has netted tho Montgomery-Shoshono Montgomery-Shoshono Mines Co. ?500 per ton from the smelters at Salt Lako City. Tho MontgomeryShoshono ledge can bo traced on the surface by any person, from ono end of Mont-gemery Mont-gemery Mountain to tho other, a distance of nearly 5,000 tcet, the cropp!ng3 aro eo clear, distinct and well defined. It can easily bo scon that It Is practically prac-tically ono continuous vein running In a northeasterly northeast-erly and southwesterly direction through the entire mountain. It seems only a matter of a few months or less for dovelopment work to demonstrate that tlio Montgomery Mountain Mining Co.'s ore bodies aro just as rich and just as big as those of Its neighbor, neigh-bor, tho Montgomory-Shoshono Mines Co. Man has divided these properties, not nnturo. The tracing of this ledge la not a theoretical problem, but a simple certainty that Is conceded by all who look at the property. prop-erty. DIVIDENDS IN SIGHT. Neither tho company nor Its agents nro attempting attempt-ing to artificially "boost" or stimulate the price of shares. They aro satisfied that they hnvo a mine, and unlike many others, It will not tako years to demonstrate demon-strate it, because tho moment tho ledgo is cut, then shipping begins, and tho property being out of debt nnd money in tho treasury, It Is not Improbable that the company will begin paying dividends within six months. Tlio company is mining as economically and as practically as Is possible, getting tho best possible possi-ble opinions, not only from ono individual, but from tho best mining talent In tho west, and tho work In ovory way will bo done In a systematic and minor-Hko minor-Hko manner. Tho only salaried officer of tho company Is tho secretary. Tho tltlo to tho property has been examined and passed upon by Vormilyea, Edmonds & Stanley, tho loading mining lawyers of Nevada. Tho property has been paid for in full. The ground is not bonded, but is owned absolutely by tho company. Tho company has, sin acquiring tho property, had tho ground thoroughly prospected by tho best informed prospectors of tho Bullfrog region, and on numerous and ninny places on tho surface rock hus beon found which pans very high gold values. At. tho present tlmo one of tho company's prospector is "Al" James, who discovered tho oro on tho Mor gomory-Shoshono mine before tho owners knew what a marvelous property they owned. Ho vouches for the fact that tho Montgomery has tho ldenticalled&(HH and it is on his advice, together with that of ScH Camp, who recently resigned as superintendent oHBJ the famous January mine of Goldlleld to become suHH porlntendent of this property, that the company Is dtH voloping in tho manner hereinbefore mentioned. "H THE STOCK OFFERING. The D. H. Peery Company, bankers and hrokcrH of Goldfield, of which D. H. Peery is president, iH tho fiscal agent of tho Montgomery Mountain MinlnH Company, of which D. H. Peery is also president. H Ono hundred thousand shares of tho stock, oH tho par value of ?1.00, aro offered to tho public at 7&H cents per share, and you havo an opportunity to purHH chase a small block of it. Tho capitalization of thH company is $1,250,000, divided into 1,250,000 sharesHB Tho30 are fully paid up and non-assessablo. ThereHHl arc 300,000 shares in tho treasury. HJ D. H. Peery has interested himself In several othciHH groat Bullfrog properties, nnd tho D. II. Peery Co.HH will handle all of these. It is beliovcd that by pcr-Hj mittlng the general public to partako of tho Mont-HH gomory Mountain Mining Company's offering, a IargcHH clientele will be gotten together for Mr. Pcery's othcrHH splendid properties in Bullfrog, and it will bo morcHHi profitable in tho end to do business with many InHH vestors thnn a few. An offer of $500,000 cash wasHB made for all tho stock in tho Montgomery Mountain BH Mining Company a fortnight ago, but it' was rcfnscd.HB If you wish any stock In tho Montgomery Moun-Hfl tain Mining Company, it will bo necessary for you toHa telegraph your reservation, nnd follow up tho samoHJ with a remittance in full at tho rato of 75 cents per HI share for whatever number of shares you order. Hi Tho following is tho directorate: HJ President nnd treasurer, D. II. Peery, banker broker, formerly president of tho Snlt Lake Stock & TW Mining Exchange, and member of San Francisco wm Stock & Exchange Board; vice-president, Hon. .TonnMJ Sparks, governor of Nevada; C. K. McCornlck, of Mc-H Cornicle '& Co., bankers, Salt Lako City, director; D. HJ E. Burloy, General Passenger Agent, Oregon Short H Line, Salt Lako City, director, and E. E. Edmonds, olHJ tho firm of Vermllyea, Edmonds & Stanley, attorneys aj at law, Goldflold, Nov., director. HJ Three dollars is bid for shares in tho Montgomery- hj Shoshono Mines Co.; and if, at tho end of a HI months', dovelopment work it Is demonstrated tnacH tho Montgomery has tho samo value, your Investment h should quadruple at least. HJ Again, if tho dovelopment work on tho SUosnona h proves that tho enormous vein already uncovered on tho Shoshone has depth, which all mining cnelnecr H who havo inspected tho property declare it has, int" shares In the Montgomory-Shoshono may rcasonauij pj bo exnected to advance to ?20.00. Mr. Poor y w H tho opinion that tho dovelopment work on tlio '' HJ gomery will demonstrate a mino as big as tnou shone and that it is only a matter of two montts g when Montgomery shares will keep pace In maw valuo with Shoshono shnr o n HJ Telegraph your reservation of shares w H Peery Co., Goldflold, Nov., and let your romUtoncB follow by mall. Tho right Is reserved to roduco u subscription if tho allotment, is oversubscrluea. Hj D. Hi Peerv Company refer by permission to uu pj Cornicle & Co.; bankers, Salt Lako City; John S. w & Co., bankers, Goldfield, Nov., and Nye ft County Bank, Goldflold, Tonopah and Carson w m Nov. fll |