The Findley Gold Mining Co.
Pages 1-15
author: Findley Gold Mining Company of Georgia
extent: 21 p.
publication place: [New York?]
date: 1878
repository: Chestatee Regional Library System, Lumpkin County Branch
collection: Madeleine K. Anthony Collection
box: III-7
folder: 7
More information: About the Digitized Version
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It is also the opinion of experts, who have examined it, that below the water level it will be an exceedingly rich Sulphuret [Sulfuret] vein. In order to work this valuable vein economically and to advantage, it will be necessary to lift a supply of water from the upper ditch of the Company, about 175 feet, to the top of the ridge; this can be done by locating a steam pump on the ditch on the north side of the hill, and constructing a reservoir on the summit, from which the water will not only command all the ores in the hill for flooding purposes to the works, but furnish an ample supply also for hydraulic work, and to "ground sluice" the rich hill deposits, of which there is a valuable territory lying around the gulch, between lots 1047 and 1048; and which, with water and the dydraulic [hydraulic] process, would doubtless yield a large sum at a very small expense.
The steam pump power and expenditure for putting water on the summit, together with a ten stamp mill to work the north side ores, will cost not to exceed $4000. And it is confidently believed that the profit of these ten stamps will pay all expenses of the entire mine, leaving the yield of the large mill on the river as net profit. Twenty stamps more should also be added to the large mill, (at a cost of about $5000) making it a forty-four stamp mill, which could easily crush 100 tons of the "sand ore" per day; and this amount, reducing the lowest estimate one half, should yield at least $250 per day, or at the rate of $75.000 per annum from this vein alone. These estimates are based on the ores in sight and known to exist on the
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property; but in addition to all these, there is another vein which promises to give even greater results in a short time than all the others combined.
The Celebrated "Findley Vein"on this property, is acknowledged to be the richest ever discovered in Georgia, and according to the best attainable information, has already yielded about $90,000 in gold taken from 160 feet on the course of the vein. It is considered one of the few true veins of the South, being well defined between regular "foot" and "hanging" rock walls. It is a clear, lively quartz lode about three feet thick, carrying a remarkably rich "pay streak" of two to eight inches, and yielding in many places almost pure masses of gold. Nuggets weighing from twenty to fifty pennyweights, are sometimes broken from the quartz while taking down the vein. One mass of quartz and gold taken from this lode, weighing about twelve pounds, produced nearly eight pounds of gold.
This rich vein underlies the "Great Sand Vein," and before the war, was worked in a rude way for about 160 feet on an "incline" or "slope" until a heavy flow of water and foul air drove the miners out, and it was abandoned. Sup't. [Superintendent] Huff, now of the "Hand Gold Mine," took 3900 pennyweights from about ten feet of the last workings.
Recently a small test tunnel, 480 feet in length, has been driven from a point on the mountain side [mountainside], 360 feet above its base, for the purpose of
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draining the old slope, and to ascertain the condition and value of the vein. By this means the bottom of the old works was struck, the water drained off, a free circulation of air secured, and the vein found as rich as ever at the point where it had been abandoned. Many very rich specimens (some of which may be seen at the Company's office) have been taken from a few feet of the vein where re-opened [reopened], and it is now showing gold all through the lode, giving every indication of extending to great depth, entirely across the lot. But in order to work it rapidly and to advantage, obtaining speedily the vast treasure it undoubtedly carries, a tunnel should be driven in from the base of the mountain near the mill, which at a distance of 500 feet would strike the vein and give about 600 or 700 feet of "stoping" on the lode. By this method, if the 700 feet yet to be worked is as rich as the 160 feet already taken ont [out], (and all mining experience warrants the prospect of its being made richer) there is every reasonable probability that the Company will realize a very large revenue from it -- in a short time. This tunnel is an important feature of the mine which should be at once carried into effect, not only to strike the "Findley Lode," but at the same time to thoroughly prospect the mountain to that extent, cutting at a greater depth the overlying veins of lean ores. This plan would doubtless demonstrate these ores to be much richer at the level of the proposed tunnel, than near the surface where now worked, and possibly open up other valuable "streaks" like the "Findley Lode."
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All the veins heretofore described are "free" ore -- no sulphurets [sulfurets] -- and in such vast quantities above the water line of the river, that a fifty stamp mill will not exhaust them in a generation to come.
The Improvementsand personal property belonging to the mine are: a good twenty-four stamp mill, five houses for the atcommodation [accommodation] of miners, a blacksmith shop, a full equipment of mining and other tools, valuable water rights, leases, easements, water ditches, reservoirs, &c. [et cetera]
The information given in a prospectus is necessarily condensed and imperfect, but the Company invites the fullest investigation of its property in its present condition, and points with great confidence to the future prospects of the mine, when the improvements herein suggested are completed. This may require an expenditure of $12,000 to $15,000, and should be made and completed inside of six months.
General Remarks.One great advantage in owning mining property in Georgia consists in the fact that no question in regard to the extent or course of a vein of mineral bearing ore can arise, as so often occurs in other mineral bearing sections; involving litigation where the mines are defined by a certain number of feet on a certain lode (especially where the ground is irregular and the wall rock broken) and where the nature of the lode cannot be defined with any degree of
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certainty. In Georgia, the party owning a lot of land, is the proprietor and absolute owner of, not only the land, but of the wood, water and minerals within the boundaries of said lot; instead of being confined to a few feet of mineral lode as in other sections.
The climate is unsurpassed, and the advantages of being able to work the mines during the entire year, and in having wood and water on the ground free from exorbitant cost, will be readily appreciated by those owning mining property in a section of the country where it is often impossible to work the mines during the winter months, and where wood and water can with difficulty be procured at any price.
The accessibility of the district -- being only forty-eight hours by rail from New York -- the economy of living, and the cheapness and abundance of labor, are also items of great importance; common labor is in great abundance at from sixty to eighty cents per day, while good foremen and mechanics can be had at from $1.00 to $1.50 per day.
Prof. [Professor] W. P. Blake, geologist and mining engineer, of national repute, in a report on the deposit mines of the Dahlonega district, says: "The portion of the great gold belt of Georgia, to which my attention was called is in Lumpkin County and vicinity of Dahlonega. This place was early selected as the most central and convenient point for a settlement in the gold region. The richest mines and deposits being found in its immediate vicinity."
After an extended description of the placers and hill deposits, he adds: "Further facts regarding veins in that section are important for the bearing
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