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President, LEWIS A. OSBOllN. I ^ Secretary, WILLIAM II. FAURAR. Trustees, REUBEN BURKHALTER, of Messrs. C. Burkhalter & Co., New York. EDWARD J. HAMILTON, " Qaackenbasli & Hamilton, New York. WILLIAM H. BLACK, GEORGE C. FARRAR, JOSEPH T. WHITE, EZRA W. KEELER, LEWIS A. OSBORN, JOHN B. L ROBISON, L. H. ARMSTRONG, " Garbutt, Black & Hendricks, New York. President of Fall Creek Coal and Iron Co., New York. •* Bergen Coal and Oil Co., New York. 70 Murray Street, New York. 69 Warren Street, New York- Newark, N. J. Newark, N. J. i1 i i Executive Committee, JOHN B. L ROBISON, GEORGE C. FARRAR, EDWARD J. HAMILTON. I m PROSPECTUS. The New Hampshire Silver-Lead Company is organized un- der the laws of the State of New York for Mining and Manufac- turing purposes. The Capital Stock of this Company consists of 100,000 Shares of nominal par value of $5 each, 80,000 Shares of which were paid for the mines in fee, situate in the township of Lyman, Grafton County, New llamphire, said stock not assessable; the remaining 20,000 Shares being reserved for working capital, to be disposed of by order of the Board of Trustees, 5,000 Shares of which are now being sold at $2.50 per share, and issued as full paid stock not liable to assessment. This Company has been organized under the most favorable auspices, the mines having already been sufficiently developed to produce some of the finest and richest Silver-Lead Ore ever found in this country, yielding, according to several assays, about 80 per cent, of Lead v.Ad from 35 to 57 oz. of Silver to the ton of galena, the present value of which ore is about $500 per ton. It will readily be seen from the statement of Prof. Wurtz, hereto annexed, showing the relative value of each of the metals contained, that either the Lead or the Silver alone, would produce a large revenue, and that the two combined cannot fail to become very remunerative, inasmuch as ample provision has been made for a large working capital, in order that the proceeds of the mines may be divided amongst the Stockholders. The mines of this Company consist of five valuable veins already explored, and several unexplored veins, luniiing nearly the entire length of the property, (1(10 acres,) and located on the eastern f^lopo of Gard- ner's Mountain, very advantageous for mining expeditiously and economically, having natural drainage to some of the veins through adits to the depth of from 75 to 200 feet. The Company have already located several shafts and adits, and are now sinking a shaft on one of the largest veins, by contract, twelve feet by six feet, sixty feet deep. The locating of these shafts and adits has been done by the best professional geological skill, together with tlie experience of the best practical mining engineers in the country. From explorations already made and ore obtained, it is believed there is also a very valuable Copper Vein upon this property, and as soon as practicable the Company intend to further develop it, confident of a very large yield of that ore. A very great advantage which the locality of these mines presents, is, that it is within six miles of railroad communication, making the expense of transportation to market very light, and accessable at all seasons of the year. It is the intention of this Company, with the excellent facilities which it has, by proper and careful management of its operations, to make it a permanent and profitable investment for the Stockholders. Specimens of the ores from these mines may be seen, and copies of this prospectus ob- tained, at the oflSce of the Company, 71 Broadway, New Yorli, Annexed wi'l be found reports from Professor Henry Wurtz, upon the property of the Company, together with reports of Dr. John Torrey, U. S. Assay OflBce, upon the assay of the ores; also report of Samuel Truscott, practical mining engineer, all of which are respectfully submitted. REPORT or Prof. HENRY AV^URTZ. ON THE PItOPEBTT OF THE pnv "^mphiu Mvtx-^uA ^mpn^, IK THE TOWHSHIP OF LTHA5, OBAITON OO0IITT, Ne^v Hampshire* Gentlemen — The preliminary examination, which I have made of your property at this place during the past week, enables me to report as follows: This property is located upon an exceedingly well-marked belt of metalliferous rocks, composed chiefly of talcose and quartzose schists, which crosses a small portion of the State of New Hamp- shire, in a direction from N. E. to S. "W. Owing to a large, nearly semi-circular, bend in the Connecticut River, forming the State Line, in the concavity of which bend this locality lies, the portion of the outcrop of this metalliferous belt lying within the State of New Hampshire is quite limited; and this is probably the reason why Dr. Charles T. Jackson, in his excellent geological survey of this State, appears to have given this district but a very cursory examination. He has marked down upon his geological map, however, one locality of copper ore, another of lead ore, and another of iron ore, situated upon this belt, within the limits of Lyman township; and it would appear, judging from the direction indicated by residents of ^ I the neigliborliood, for a loralily spoken of by Dr. Juckson, in Bntli township, on tlio proporty of Mr. If. Lanuf, that thi-t locality also Hhould lio upon tho same bolt, or range, thougii not marked thus on Dr. Juckson's map. Dr. J. j^ivorf tho followiii;? des( rii)lion of fijinji's locality: •* Two veins occur near tlio lesidence of Mr. Lang's tenant, Mr. Hunt, on tho margin of n small brook, in a ravine over tho hill; and a large detached block of very pure ore, 2J loot in diameter, was found in tho meadow below tho ravine, and must have boon derived from some vein in the vicinity. The vein on this hill runs N. 50 deg. W. (N. 50 dog. E. ?) nearly in the same dirccticm with the slate strata. " A cross vein, having a course N. 45 deg. W., is from one foot to eighteen inches wide, and is mixed with fragmen(s of slate, forming with it a breccia. Over tho hill, in the ravine, tho vein . is from four to eight inches wide, and a cross vein is two inches wide. " Tho copper ore on this estate apjioars worthy of lieing wrought, and by mining operations it can be ascertained whether tho veins continue to be rich as they descend. By a single blast we raised nearly 100 lbs. of good copper, whicli would yield about 20 per cent, of pure metal." In another place Dr. J. gives the results of two analyses of the . copper pyrites of this locality, which indicated respectively ^2.5 and 31.92 per cent, of metallic copper. It is also interesting to remark, that one of the few localities in . Vermont mentioned by the State Geologist of that State, Prof. . Adams, where copper pyrites had been found in any quant ity. prob- ably lies on the southwesterly prolongation of tho same range. This is at Corinth, Orange Co., Vt. Prof. A. states that at that time copper had been found along a line bearing N. 10 deg. W. for 200 rods. At one place tho vein was more than a foot wide. I understand that some mining has • Hinco bcon done at thin place, but liavo no furthor Information on the «ul»j«'ct. TIio portion of thin raetallilcrous bolt crossing your property in Lyman 1ms a course somowliut leas westerly than that attributed by Dr. Jackson, (us inferred I'rom - this to yield 80 per cent., the value of the lead in 2,2-iO lbs. at 15 els. per lb., (its present value,) is $280; making the total present value of the metal in one ton of this galena $450. Making the same calculations with regard to the other samples, and reducing the metallic lead upon which the assay was made, in the case of the Orchard Vein, back to the form of galena, we have the following table: In one Ton of Galeka from Onnpcs of Silver. OuniTH of Gold. Vfllno of Silver in Coin. Vuluo of Gold in Coin. 1 Tot'lValuG Tot'lValue of Metals of Metals in Coin. inCur'nry West Lode, dark 55.877 35.71G 45.798 $72 24 46 18 $180 CO 154 00 S450 00 " light 385 00 Mean of W. Lode 59 21 $18 C3 1G7 00 417 50 Orchard Vein 51.027 0.9014 G5 98 (U 43 192 50 481 00 Mean of the three 47.54 175 50 438 75 The most interesting result here is, that, notwithstanding the im- portant quantity of gold in the Orchard galena, the superior rich- ness in silver of the dark galenas, from the hanging wall side of the west lode, brings the value of the metals in the latter very nearly up to that of the Orchard Vein. The discovery of gold, for the first time, in this part of New Hampshire, and in such important quantity, is of great interest, and encourages further examinations of the rocks and minerals upon your property for this metal. The suggestion to assay these galenas for gold as well as silver, was made by me in consequence of the striking resemblance of this belt of talcose schists and its Included veins to certain belts of the same rock, and their included veins, in the gold regions of North 18 Caxolina. Slight indications of gold have previously been found in New Hampshire, in Canaan, Enfield and Grafton townships, in the southern part of this same County of Grafton, by Dr. Jackson, in magnetic pyrites; and at Bridgewater, Windsor County, Ver- mont, in small quantity, in quartz, associated, as iu this place, with the sulphurets of iron, copper and lead. HENRY WURTZ. New York, August 3, 1864. n found lips, in ckson, ', Ver- >, with rz. 19 §f»v pawjushwe f ttM-peM (il^»mp«ttg. Gentlemen — Renewed exaraination of your mining property on Gardner's Mountain, in New Ilanipshire, and tlio further develop- ments made since my former visit, enable me now to report as follows: An apparent misunderstanding of the recommendations made by me at my first visit has occasioned some delay in developing the outcrop of West Lode, No. 1, and some expenditure not altogether necessary in the present stage of the undertaking, although it may be that in the end this expenditure will not have been unprofita- ble. The imperfect developments of the outcrop of Lode 1, that have so far been made, lead me to present the sectional sketch ap- pended hereto, which is partly founded upon actual appearances, and is partly conjectural; so far as it is conjectural or ideal, this rough sketch will serve as an illustration of the general structure of such mineral countries as this in which your lodes arc found. The section is supposed to be made through the excavation into the outcrop, looking towards the S. W., the line C D E F repre- senting the surface of the country along the slope of the mountain, D E; the outcrop of Lode 1, the dotted line D E F G, approximat- ing to the outline of the excavation at my last visit. Of course everything represented in the drawing below this line is ideal. A B is the " country " composed of a talcose quartzite schist; the laminae of talo being represented by the black lines» At the place wlicro the oxcavatiou is licin^- made it. linpiicnod that a con- 8i(lcrril)l(» number of irro^rnlmly fonncd brda of tlio country rock itself ore endowed in \hv lodv of tin' Lode, consliluliiig what is technically called a " horse." 'J'his jior.e, thou^^h c(mtaining in many places, like the cf)untr\ nick, much niundic, is nearly bar- ren of ore, and even of >,'<)zzanj? and other indications of the pre- vious existence of ore; and even the irren;uh»r branches of the Lod(! itself, which penotrale in places between the ramifications of the horFO, arc much decomposed and less rich in indications than the more compact portions of the Lode at the surface. At the point of greatest penetration into the hill, however, the excavation seems to have ])assed beyond the horse, as at E, where the Lode appears again to bo compact, as on the surface, and shows bunches of lead and copper. At this place the wall limiting the ore-bearing portion of the Lode appmrs to dip into the hill. This wall, however. I regard as simply the inner wall of the horse. In depth I should rc;»:urd it as almost a certaintv that the Lode would soon be found to re-assumo its original dip, and that, moreover, the horse, like other liorscs in veins, would be foaud in depth to thin out and dis- appear below, as it plainly docs ubov.'. iho Lode becoming again, as represented at K, compact and Jiighly metalliferous, as it is at the surface. The persistence in magnitude and metalliferous char- acter of these Lodes, throughout so great a longitudinal extent, is sudicicntly satisfactory evidence that the same persistence will be found in depth; at the same time it cannot be doubted that these Lodes will be found to throw off l)ranches, both longitudinally and vertically, and the schists will be "lf)i|mea to enclose lenticular masses of metalliferous quarlz. such a- that ideally reprr>senied nt L, which thin out both in length and depth. In places, these ion- ticular beds are found coming to the surface and cropping out, bc- twc8;i the outcrops of the great Lodes themselves. The red lines drawn across tbr^ ^.ode are iatroducod for the purpose of indicat- iag a peculiar tstrrcturt hf thc^ Lodes, which careful examination 21 ImH iiintle manifest to mo. Tlic bunclicB tk Btiiijis of ore, gozzans, viijTH ami other indieiilioiip, arc found «riaiiji<:cl in paialk'l layers, sometimes only a few ii.rliep, ^omelimeH a foot or two distant from each otluT, dijijiing into the liill towanln the N. \V. ahout as rep- resented, Imt haviiiji; nhit nnoilu i dij) towards tlie S. AV., so tiiat tlieir direction of di|i is Avef^Ur'y. La, are hniiclieH of ore are fre- quently found detached from llie.se lasei though ii.uall) nneetcd with one of them l)y stiings of ore. The I ytTs thcin&( ' es, as well as the strings and bunehts of or' itrocceding from then will he found in some cases to penetrate beycnd the foot-wall boundary oi the Tiode, into the talcosc countiy ben ,th. These layers form a bcries of cleavage jdanea pervading the mass of the Lode, whi* h will no doubt greatly facilitate the sto])ing md breaking out ci' the vein-stone; soraetinies these planes pus,- through the horse, though usually displaced and distorted by it. T'le same system ol ]danes was found strongly d('velop(>d along th' outcrop of Louo No. 2. It is extremely i>robable, therefore, thai this curious and peculiar variety of vein-structure will be fonn 1 to boa feature of the metal-bearing Lodes of this section. 1 wish here to ofler a few suggestions which s om peculiarly apjdicable to the ease of your mining properly. In (Derating upon such large lodes as these, it seenu^ to mc that a very favorable opportunity is presented to test the applicability (wl ich, however, can scarcely be doubted) of the improved forms of drilling ma- chines, now in such extensive nse in tunnelling oj»era(ious. Such machines, operated by compressed air, would be of peculiar value in mining operations on a large scale, for breaking out the galleries of thr mine, as their use, liesidcs the immense saving ol' labor and time, would obviate the heavy expense of sinking air shafts in many places for ventilation. This would be i)articularly the case, w«'re the blasting accomplished by means of cartridges charged with gun-cotton, which makes i:o smoke, in lieu of the common blast- ing jiowder. 22 In conclusion 1 will remark, that my favorable impressions as to the value of your mining property, as set forth in my first report, remain unaltered. All of which is respectfully submitted. HENRY WURTZ. Quebec, C. E., October 28th, 1864. 23 Warren, New Hampshire, ) June mh, 1864. f Lewis A. Osborn, Esq., New York: My Dear Sir — I have been to tlie Lyman Mine again since I saw you, and put in some blasts — a part of the specimens I for- ward to you; most of these specimens came from the West Vein that has been discovered to this date. This vein, I sliould say, is about twelve feet wide, running about 40° East of North, with a dip to the S. E. about 45°. The rock beside the vein is a granular quartz, with some felt spar and lime intermixed with it. About 100 feet east from this vein there are strong indications of another vein; 300 feet cast from the west vein, so called, there is a large vein, tlie outcrop or gozzan is some eight to ten feet wide, and the sulphur is oxidizing through the vein, giving very strong indications of a large champion vein; the iron pyrites form in fissures, as it always does in these champion veins. 400 feet from this vein I discovered another vein, running just in the same direction as the former ones. I should say this vein is about two feet wide. About 120 feet cast from this vein is the Orchard Vein, that was first discovered by sinking a well for the farmhouse; this vein is from two to three feet wide, containing quartz, with good spots of lead within a few inches of the surface. The country beside the vein is of granular quartz, lime and slate. The course of the vein is about 80 degrees E. of N. It underlies alout one foot in a fathom, or say about 70 degrees toward the S. E. You ask for my opinion about the mine. I have had about thirty years' mining experience, and I have done considerable exploi'ing in this country, also in Cornwall and Devon, England, but 1 never before took so rich a lot of speci- mens so near the surface as I took from the West Vein on your prop- 24 crty. You can see the nios.^ on the outside of one of these specimens, and as soon as the rock was broken there was the silver-lead. You also can sec another stone that came out with the same blast, about 20 inches long, and a\)oufc H by 12 the other way — more than one-third is silver-lead; it is aldo full of vug-s and fissures, as all good lodes show themselves. A.s the vein now appears, it would pay all it would cost, to work as soon as you get tools and machinery. As to the adjoining vein, there has been nothing done, so I cannot say anything about it, except that the surface indications are excellent. The large Gozzan Vein, 1 think, will be the best vein on your prop- erty, although it does not show the ore — there are the indications unmistakable. The next vein you have not as yet seen; it looks promising, but nothing has been done on it yet. The Orchard Vein you have seen; the work has been limited, as I wanted to return home; but there has been good samples taken from it; you took some with you; also, Mr. A. J. Walker and others. As regards my opinion, I think you own one of the best mining properties that I know of, and where everything for mining purposes may be ob- tained cheap; lumber about |8 per thousand, wood $3 per cord; labor as cheap as any place in the States; distance from railroad depot about 5^ miles, with a good road, and conveniences in gen- eral very good. I consider your mining district a very valuable one. I am sir, respectfully yours, SAMUEL TRUSCOTT, Minmg Engineer. ^ \\ i 5 specimens, lead. You ,st, about 20 11 one-third good lodes pay all it lineiy. As cannot say 3 excellent. 1 your prop- indications sn; it looks •cliard Vein i to return a took some regards ray )erties that may be ob- } per cord; )in railroad ices in gen- ry valuable Engineer.