The Sunday Oregonian. (Portland, Ore.) 1881-current, November 04, 1906, Section Two, Page 15, Image 15

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    13
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THE SUNDAY OREGOXIAX, PORTLAND, NOVEMBER, 4, 1900.
Tlie Last G
Eusilfrog
BULLFROG RUSH MINING COMPANY
' TREASURY SHARES AT 55 CENTS
Property Adjoins the Denver Bullfrog, Selling at $1.75 per Share, and Gives Every Evidence of Excelling the
Denver in Point of Size and Richness of Ore Bodies
MORE THAN $6,000,000 OF ORE IS NOW BLOCKED OUT IN THIS PROPERTY
OR $4.00 FOR EVERY SHARE
COIVi PAR SONS
lst-NO OTHER PROPERTY ON BONANZA MOUNTAIN IN BULLFROG HAD REACHED AS HIGH A POINT OF DEVELOPMENT AS HAS THE BULLFROG RUSH AT THE TIME OF
ITS ORIGINAL OFFERING OF TREASURY STOCK.
2d THE BULLFROG RUSH HAS BEEN "PROVED UP" TO BE A GREAT MINE PRIOR TO THE PUBLIC BEING INVITED TO INVEST IN STOCK OF THE. COMPANY.
3d BASED ON COMPARATIVE SHOWINGS OF THE MINES IN BULLFROG, BULLFROG RUSH MINING COMPANY SHARES AT 55c ARE FAR AND AWAY THE CHEAPEST ON
THE MARKET. COMPARED WITH THE MARKET PRICE OF OTHER BONANZA MOUNTAIN SECURITIES, BULLFROG RUSH SHARES ARE EASILY WORTH FROM $1 TO $1.50.
4th IT BEING PLANNED SOON AFTER THE CLOSE OF SUBSCRIPTIONS TO MAKE APPLICATION FOR LISTING OF BULLFROG RUSH SHARES ON THE VARIOUS EXCHANGES
OF THE COUNTRY, AND DEVELOPMENT WORK ON THE PROPERTY BEING STEADILY PROSECUTED WITH EVERY INDICATION OF CONTINUED IMPROVEMENT IN THE PHYSI
CAL CONDITIONS OF THE MINE, THE ADVANCE IN MARKET PRICE OF THESE SHARES SHOULD BE RAPED AND PERMANENT, AND THEY SHOULD SOON REACH THE HIGH NOTCH
THAT THEIR COMPARATIVE VALUE ALREADY COMMANDS FOR THEM.
President
The following is the directorate.
JOHN S. COOK - - - ...
President of the John S. Cook & Co. Bank, Goldfield, Nevada. ,
THO. S. ROBINSON - - - -. Vice-President
Director of the Jumbo Mining Company, Goldfield, Nevada.
L. M. SULLIVAN - .....
President of the L. M. Sullivan Trust Company, Goldfield, Nevada.
AUGUSTUS TlLDEN - - -
Of Campbell, Metson & Brown, Attorneys.
HON. JOHN SPARKS -
Governor of the State of Nevada.
J. D. CAMPBELL - -
Consulting Engineer (Formerly Engineer for Schwab & McKane).
GILBERT E. BAILEY, E. M. Ph. E. - Engineer in Charge
Treasurer
Secretary
Director
Director
Capitalization 1,500,000 Shares
$1.00. Fully Paid
The Company owns outright four full mining claims, or eighty acres, on Bonanza Moun
tain in Bullfrog Mining District, situated within half a mile of the town of Rhyolite. The
claims are known as Rush, Rush No. 1, Index and Keystone. They adjoin those of the Bullfrog
Denver Mines Company and the Peerless Mining Company on the North, while on the East
is the property of the Bonanza Mining Company.
Development work was commenced on the Rush Group February 7th, this year, since
then one of the greatest ore bodies ever opened up in Nevada has been disclosed.
There are four great veins on the property, the Rush vein being over 200 feet wide, of
which 179 feet will pay to mill, giving average values from $8 to $10 per ton
The great Denver vein, forty feet wide, passes completely through the property. On this '
same vein in the Denver ground, at a depth of 300 feet, a tremendous body of ore has been ex
posed, averaging $60 per ton. A double compartment shaft, now down 90 feet, is being sunk
at the junction of the Denver and Peerless ledges, and it ia expected at the 300-foot level to
find even greater values than have been found on the Denver, as on the RUSH ground the two
great veins come together.
The amount of development work accomplished on the Rush Group since it was taken
over by the Company nine months ago is one of the wonders of the Camp. More than two
thousand feet of tunnel work have been driven, besides shafts and winzes amounting to a
thousand feet more. Tremendous bodies of free milling ore have been exposed and the prop
erty is justly regarded as one of the great mines of the Bullfrog District.
The development work done on the main and north lateral tunnels thus far on the Rush
claims, allowing fourteen cubic feet to the ton, shows seven hundred thousand tons of good
milling rock, which will average from $8 to $10 per ton, according to Superintendent Boston's
report.
On the Index Claim of the Rush group, which is located on the east side of Bonanza
Mountain, extensive development work has also been accomplished, but the ore tonnage has
not been blocked out as on the Rush claim, but the various tunnels and shafts demonstrate a
continuous ore body for the full length of the claim with the high average milling values of
$14 to $16.
More than SIX MILLION DOLLARS WORTH OF ORE has already been blocked out in
this property, and the amount exposed will warrant the erection of the largest reduction plant
in the District, which the Company will build at the earliest possible date.
This great property, with huge ore reserves and tremendous veins, is more of a com
mercial proposition than a mine, as is generally understood, and with a proper reduction plant, ' .
should be able to pay dividends of not less than twenty per cent per annum upon its capital
for years to come.
Professor G. E. Bailey, former professor of mineralogy in the State School of Mines of
South Dakota, later Superintendent of the Harney Peak Mining Company in the Black Hills,
which treated 250 tons per day in its mills, andother experts on the ground, with whom the ;
officers of the Rush have consulted, all of whom are conversant with the history of the Home-
stake, have supplied facts and figures from which a comparison may be made of the Homestako
with the Rush as regards ore bodies, location, proximity to railroads, nearness to water and
; 500,000 inTreasury, Par Value
and Non-Assessable
fuel supply, and future profits in the reduction of the ore on the property and the facts ap
parently warrant the belief that the BULLFROG RUSH has a tremendous advantage over the
Homestake.
Estimates as to the grade of ore that can be mined and milled at a profit in Bullfrog
vary from $1.20 to $4 per ton, and the consensus of opinion of the great mining engineers
now in Nevada who have been consulted on the subject is that $4 ore will be mined and milled
in Bullfrog within the next twelve months at a profit, and this is believed to be a conserva
tive statement. The cost of mining and milling the ore of the Homestake is from $1.15 to
$2 per ton. -The Oro Fino Mining Company in the Black Hills mines and mills its ore at a
total cost of 96c per ton. The Alaska Treadwell mines and mills its ore at a cost of $1 to
$1.25 per ton.
In the Homestake mine they are milling 4,000 tons of ore per day and drop 1000 stamps.
The Homestake is paying dividends of $1,200,000 per year. The company is incorpor
ated for $22,000,000. The par value of the shares was originally $100, and they sold for $1.
The company is paying dividends at the rate of $6 per share per year, or 600 per cent per
year profit annually on the original investment of the stockholders.
When development work on the Homestake was commenced it was found necessary to
ship supplies for the mine by wagon and mule team 326 miles from Cheyenne. At the start
it cost the Homestake $1 per stamp per week for water. Water was later located thirty miles
away from the mine and piped into the mills on the ground at tremendous expense. There
was no wood at first to be had except from a distance of twenty-five miles.
Water can already be had in Bullfrog from a distance of three miles, and is already piped
into the town by three different companies, and can be had at nominal cost.
The Las Vegas and Bullfrog Railroad is now completed to within three miles of the
mine, and will pass within two hundred feet of it, which will insure cheap fuel, as crude oil
can be landed from California, so that mining and milling can be done from 80c to $1.05 per
ton, and ores of even lower value than now treated in the Homestake mills can be mined and
milled in the Bullfrog District at a profit.
This property is one .that should be looked upon in the light of a conservative invest
ment, yet one which will return large dividends for many years to come.
At the price the treasury stock is now offered it is, without question, the most desirable
investment on the market today, for not only is it certain to enhance in value from the re
covery of the millions already exposed, but from the practical certainty of bonanza values
being found as depth is gained.
We unhesitatingly recommend this stock to the most conservative investor. WE WILL
LOAN 30c PER SHARE ON THIS STOCK OR BUY IT ON A MARGIN OF 10 PER CENT.
Reservations should be made by telegraph, to insure consideration, and remittances in
full, by bank draft or certified check, must be forwarded immediately after allotment is made.
Otherwise allotment will be rendered void. The right is reserved to reduce or refuse any
subscription tendered. ACT QUICKLY IF AT ALL. We do not think it will be necessary to
make a second announcement of this offering.
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mom oecurrae
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References: Any Bank in Nevada
mpany
of Nevada
GOLDFIELD, NEVADA
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