The Sumpter miner. (Sumpter, Or.) 1899-1905, June 11, 1902, Page 8, Image 8

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THE SUMPTER MINER
Wednesday, June 1 1 . 1902
S&P &P & &P
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s.
Safe, Profitable Investment
-' 11 ,
This is not one
of those so called
"Get Rich Quick
ft
schemes, but is a proposition that will
yield very large returns on the money
invested, compared with "industrials"
railroad stocks, farm mortgages and
the like. And it is equally as safe as
any of them.
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OUT IN
THE CABLE COVE DISTRICT
where greater activity prevails than in any other mining region
in the West today, the
Gipsy King Gold Mines Co.
owns eight full claims and a water right. These claims were
nearly the first located in Big Limber gulch, about eighteen
months since, and were then considered the choice of a dozen
groups filed on during the summer of 1 goo. For ten months
past development work has been in progress uninterruptedly.
Shafts have been sunk, open cuts excavated and tunnels driven,
and this work has justified the opinion of experts when the
stakes were driven, that the property was the best in the district.
At present I he innin ledge has been uncovered at tvvc points,
j.oou foot diitanct from each other, and at numerous interme
diate points. It is not claimed that this ore shoot is 3,000 feet
in length, but the barren spots have not yet been encountered.
The vein is from six to nine feet across. There are other ledges
on the property that have not yet been exploited.
Assays of Gipsy King pre are so gratifying; give such high
values in gold and silver, that experienced mining men have
been skeptical as to their accuracy; but so uniform are the re
turns from a score of assayers in this and othei mining states, per
haps a half hundred in number, that there" can no longer be any
doubt on that point. No 'trace" has ever been returned; the
lowest was $14.92, the highest $92,00 with an average of
better than 40.00 across the full width of the ledge.
The Gipsy King Gold Mines Company is capitalized at
1,000,000, par value of shares 1.00 each, fully paid and non
assessable. In the treasury there is now remaining something
over 200,000 shares of the 250.000 treasury fund. All other
stock has been pooled and not a share offered for sale and can
not be for at least, six months to come. This is the best pos
sible proof of the good intentions of the promoters of the enter,
prise, of their faith in the property. They believe they have a
mine and are not willing to sell tneir holdings at prospect prices..
January 1, theprice of stock was fixed
IO CENTS PER SHARE
Send your money with your order, to J. H. RuBBINS, Treas
urer of the company and President of the First Bank of Sumpter.
For further information address
OTTO HERLOCKER, Secretary, Sumpter, Oregon.
Gipsy King Gold Mines Co.
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