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Tll£ 
 
 Gold Ring consolidated 
 mining company. 
 
 Owning: Six Mining: Claims, embraoin,? 
 
 lli.u Aopes 1,000 feet of under- 
 
 g:pound development. 
 
 $250,000 
 
 woptm of Ore actually blocked out and 
 in sig:ht. 
 
 $10,800 blocked out duping: the last six 
 weeks. 
 
 CONTROLLED BY 
 CANADIAN SHAREHOLDERS 
 
 Any |Kuliiiilars nol iniliulcil in llic williiii l'ii)S[x;cliis In he 
 had on iipplication at Ihe ( )Hices <if 
 
 JOHN A. MOODY, 
 
 Mining^ Bpoker, 
 Masonic Temple, - LONDON, ONT 
 
SECTIONAL VIEW 
 SHOWING UNDERGROUND 
 DEVELOPMENT IN THE 
 GOLD RING CONSOLIDATED 
 CGI MINES g 
 
 a: 
 
 since the flpst report was published and the above 
 been driven ahead 40 feet, thus brlnflrlng: in 
 
OPEN 
 
 cuts 
 
 ruwwEL 
 
 IN 500FT 
 
 ]0R£ 
 
 ORE 
 
 ORE 
 
 ;^. a 00.000. worth of 
 
 ORE ACTUALLY BLOCKED 
 OUT AND IN SIGHT 
 
 SEPT. IOT<» 1896 
 
 • 
 
 ORE 
 
 3 ORE 
 
 published and the above out made, the lower level has 
 O fiset, thua bPlnsrlng: In slgrht 819,800 more ore. 
 
THE . 
 
 Gold Ring Consolidated Mining Co'y. 
 
 Oiyaniied under 
 the Law* of the 
 State of Oregon. 
 
 Capital Stock, $1,000,000. 
 
 Itlinca located 
 near Baker City, 
 Oregon, 
 
 Shares One Dollar each, Fully Paid and Non-Assessable. 
 
 CONTROLLED BY CANADIAN 8HARBHOL.DBR8. 
 
 BOARD OF DIRECTORS: 
 
 B. F. CLARKE, Esq., M.P.. Toronto, . - - Ppesldent. 
 
 JAMES SUTHERLAND, Esq., M.P., Woodstock, - VIoe-Prestdent. 
 
 E. WALLACE, Esq., Mining Engflneer, Bakep City, Oregon. 
 J. S. WALLACE, Esq., Superintendent of Mine, Bakep City, Oregron. 
 P. BASCHE, Esq., Hardware Merchant, Baker City, Oregon. 
 J. H. PARKER, Esq., President First National Bank, Baker City, Oregon. 
 WALLACE NESBITT, Esq., of Beatty, Blaokstook, Nesbitt, Chadwick Sc 
 Rlddell, Toronto. 
 
 Trustee :— The Trusts Corporation of Ontario. 
 
 1,000 FEET OF UNDERGROUND DEVELOPMENT. 
 
 The Gold Ring Consolidated Minini: Company now offer for sale 150,000 shares of 
 fully paid up, non-assessable Treasury Stock, the proceeds to be used for machinery, 
 development, etc. A limited amount of this stock is now ofiTered at the very low 
 price of 20 cents per share. Ore of the value of every cent asked for the 
 stock being actually blocked out in the mine. 
 
 All money for the purchase of shares will be paid into the Trusts Coi»- 
 popation of Ontario, who will deliver scrip certiflcates. Purchasers may 
 send their orders to JOHN A. MOODY, Broker, London, Ont., and the stock 
 
 certificates will be returned promptly. Remittances to be made payable at par in Toronto. 
 
 Six months after this money has been paid in the Company expects to 
 be on a dividend-paying: basis. Within one year after the erection of a 
 twenty-stamp mill the Company should be able to supply a much larger mill (at least forty stamps), 
 thereby doubling the dividend-earning capacity. 
 
 
 THE GOLD RING CONSOLIDATED MINING COMPANY'S PROPERTY. 
 
 THE RACHEL MINE. 
 
The Company imposes to erect a large mill capable ot' treating forty to fifty tons of ore daily. Nfilling 
 forty tons of average ore, the output would be Sif^i/ijJ per month, which, at a cost o( $5,600, giving a net 
 monthly yield of $1 1,032, would enable the Directors to declare dividends of one cent per share per month. 
 
 The Company has not asked the public to invest until the value of the mine has been demonstrated, as 
 will readily appear when it is pointed out that $250,000 WOPth of OPe iS actually blocked 
 out in the developed mine. This mme is now being worked and more ore opened up daily. 
 They want large machinery to extr.ict the gold economically. 
 
 The value of our ore has been determined by three separate mill tests of a ar^e amount of ore, at one time 
 ()0 tons, at another time 50 tons, which proved the value of the ore above the tunnel to hi $1 1 per ton, not 
 taking into consideration some rich ore. The ore below the tunnel is 01 a Higher grade. It increases in width 
 and value as depth is attained. The ore below the tunnel averages $22 per ton. From one lot of ten tons we 
 saved $29.80 per ton in free gold, while at the same time we lost $t j.20. A higher saving can be made with a 
 perfect mill on the ground. 
 
 With a twenty-stamp mill on the mine the ore can be mined and milled at a cost not to exceed $5 per ton. 
 The Company propose to furnish and erect a steam hoisting plant and a twenty stamp mill complete, and to 
 actively prosecute further development. 
 
 Since the first report was published the lower level has been driven ahead 40 feet, thus bringing in sight 
 $19,800 more ore. 
 
 The Company will at an early dale Make Application to the Toponto Stock Ex- 
 change to Have its Shapes Listed. I'he original owners hold stock for their interests. No 
 Money WhateveP to Go to Them. Xo salary will be paid to any Director or Otticer of this 
 Company, except the Secretary, until the Company pays regular dividends. The Title tO the PPO- 
 pePty is PePfect. There are 24.000 shires held by scittered owners, but the arrangement as to 976,000 
 shares is that they are To be Held by the TPUStee under trusts as follows : 
 
 Shares to be sold for machinery, development, etc $200,000 
 
 Shares to be held for future sale if required for same pui poses 100,000 
 
 Shares, the property of the present owners, which can never be sold, directly or indirectly for less than 
 20 cents on the dollar, and cannot be sold at all until it is shown that all the money likely to 
 
 be needed for the purposes of the mine has been raised 47ri,ooD 
 
 Shares of present owners' stock agreed to be donated to the Treasury unless the amount of money 
 realized from sale of 300,000 shares shall have placed the mines on a Bona Fide Pay- 
 ing? Basis _!!!'!!! 
 
 $976,000 
 
 The Great Advantages of Free nilling Ore. 
 
 Free milling ores are the most profitable of all ores to work. Tlie cost of producing gold from free milling 
 ore is less than from any other kind. With a mill on the property the ore will njt be handled after being hoisted 
 out of the shaft, as it will pass automatically through the mill. 
 
 The celebrated Virtue Mine, which is two miles from the Gold Ring properties, and it is thought on the 
 same vein, has produced over two million dollars in free gold, and is now producing forty thousand dollars per 
 month with a twenty-stamp mill. At present they are working at a depth of 600 feet, where the richest ore in 
 the mine has been opened up, proving that the veins in this district attain great depth. 
 
 The Connor Creek mines have produced close to two million dollars. 
 
 The Bonanza Mine, which was offered for sale two years ago at $50,000, is now producing from $1 5,000 to 
 $20,000 per month, with a twenty-stamp mill. $350,000 was recently refused for this mine. 
 
 'I'he White Swan mine is developed to <^ depth of 350 feet, and is working a ten-stamp mill. All these 
 m nes are in Eastern Oregon. 
 
 The largest paying mines in tlie world are those that produce free milling gold ore. 
 
 The Alaska Treadwell Mines, of Alaska, are paying five hundred thousand dollars annually in dividends on 
 ore that averages less than $4 per ton. The total cost of production is $1.35 per ton. 
 
 The Homestake Mines, of Deadwood, South Dakota, are similar to the .\laska Treadwell Mines, in that 
 their ore is of about the same value, i.e., $4 per ton. The Homestake pays from $500,000 to $550,000 annually 
 in dividends. 
 
 The celebrated Utica Mine, of California, is paying two hundred thousand dollars per month. 
 
 The Virtue, Bonanza, Alaska 'I readwell, Homestake and Utica are among the leading gold mines of the 
 world. All of them produce free-milling gold ore. 
 
 • 
 
 i 
 
Expert's Abbreviated Report. 
 
 TO WHOM IT MAY CONOCHN 
 
 Till' |ir"iK.riy "I llie I "ilil Uiiit; (nnsiiliilali'il Mining ( '<>in)«ny i-> ImnU'd in Ortpiii, mx iiiili-* in»l m liiik<r (ily, hIuti' .ill 
 neces.sttry HU)>|ilir!t ctin In* |)urclmscii .ii reiiMinnhli' rnto. itaker City i» i>n the lint* of ilic I'nitiii I'lu-iiu- KailMny. Thi' prt>|)i-r(\ omikmI 
 hy this Ci>m)Mny ii>n«i«t» of live full iiiiiiiii); ilalniH, nuh 1.500 Itil in length, liy 600 led in wiillli, iiikI onf frucliimnl cli.ini, Kn.mn a* 
 the Kaehel, Unilu'l lAltnsion, Nnrnm, Hurry Up. N'nrlli Siar, luiil Sunohlne, innkint; u lotal uf cmi- hundred and ckvi-n mil 
 • inu-half mre». 
 
 There are eiyhl dillerenl imndUl veins «lihin ilie lMUnd;irie> of iliis pr<>|x'rty, all of which hiivr lieen develniied ni.irc nr leu 
 Mumertnis pii-holes httve been sunk in v:iritius places im these vein*, which ojH'ned u)i ore thiit carries ;;<ni'l v.ilurs. 
 
 The princip.d ilevelupinein has been dune on lli' Uiiohel Mine. .\ tuiniel luis been driven in on this vein 500 feet, showiiij; ore 
 Ihiil varies from one fi»il 10 four feel in width, and will aveniye .iliout two and one-half feel. I'a'' of this is hard ipmrl?. the lial.ince 
 soft ore and deconi|)".sed ipi.^rtr. At iwo iliffereni places in the tunnel upraises have liicn pin through to ihe surface. .\ »in/i> h^is 
 lieen sunk twenty feet lielnw the tunnel. .\1l tlase developinents are in ore. The sh«fl has lieen sunk 180 feel liclow the innnel. .\i 
 the lK>ltom a level has been driven out 125 feel on the vein, all the way in ore. (See sectiimai cut I 
 
 The ore above the lunnel will ttveriitje at least $1 1 per Ion. not taking into conaideralion some rich ore. The ore lielnw the 
 tunnel is ofa hiyhcr tjrade : it increases in width and value as depth is attained. .\ mill run test proved the value of this ore to lie $22 
 |K'r ton in f,'M. 
 
 Numerous assays of ore have been made from various parts of 'he mine which yieldeil as follows: — $3.). 07, $41.34. $05.20, 
 $330.40, $72.S.co and $5,345 [ler ion in pild. 
 
 There are a numtwr of open cuts in the vein on the surr.ice from which ore was inincil ili.ii milled $2980 per Ion in fr-c ^old 
 (thai amount .vas saved on the amali;amaiinu iilates), while at the same time the lailin|{s assayed $12 20 per Ion. In the Imtton. level 
 the vein is siron|;er and better defined than in the tunnel above : more ipi.irt7 is also e\p iseil in the lower level than in the tunnel 
 alK)ve : as depth is attained the ijuari/ is liecomin^ wider. 
 
 I have devoted my entire lime for the Lis', ihrte monllis to the s'.uily of the Kachel Mine and its surroundin);, and I believe it to 
 be one of the (;rcat mines of Kasiern Ore^. m. Wiih a larjje stamp mill complete and a sie.'.m hoisiiiiK plant it will si»m la- a heavy 
 dividciul (layer, and second to none in the district. It is better to invest in the pick of a jjood district than own a do/en undeveloiied 
 priJSfK'Cts such as are iK'inu sold from Kosslnnil. 
 
 There is in siijht in the mine al least $200,000 worth ol ore, which is more than ample to justify the erection ol a twenty-stamp 
 mill. Dnriii); the month of .\u;.;ust of this year, while at the mine, I h.-iil mined and milled twenty-one tons of i|Uariz ore taken liom 
 various |)arts of the miii--, which averaj^ed $22 psr ton in (jold, I also milled forty tons of soft ore takeif from various 
 parts of the mine, the value of which was $11.50 per ton. These values can be saved by a stamp mill concentration ind 
 chlorinalion. With sucli a mill on ihe ])ro|).'rly ilie ore cm b,- mined and milled, and the bullion proiluced at a cost noi to exceed 
 $5.00 per ton. 
 
 I reciiinmend ihis as a sale inveslmenl, an I one that will p.iy Lir^e dividends on the capital invested. 
 
 Kes|H.-clfullv submiited. 
 
 Sept. 10, lSy6. 
 
 E. WALLACE. 
 
 li\Kl--,K ClIV. ()KK., .\UHU.st 20th, iSOO. 
 
 Mr. v.. Wviivii-;, liaker City, ( )ret;on. 
 
 Dear Sir : -On my return bom the mines I found you were oui of the city. I visited the Rachel .Mine personally ,11 your 
 request, in iheinleiest of the Oregon Stale Hoard of Immigration, and carefully noted its merits, f am greatly jileased with the free 
 gold specimens I collected, and will iilace them with the Stale Mineral Kshibit ai I'orll.md. I nole in particular the mechanical 
 manner in which you have developed ;he pro|ierty, and much iredit is due you for tl.e same. I will furlher add that the prnjerty, 
 from my view as a mining man, is surely another monument of wealth, 
 
 \'ours Iruly, 
 
 r, (). \v.\ij<i:k, 
 
 Representative of tlie < )regon Stale Hoard of Immigraiion. 
 
 v.. \V vt.i .MK, l-Ni.i,, Toronto, Onl. 
 
 IJvtif.t; Ctiv, Ork., Sept. 171I1. i.SiHi. 
 
 1 >ea 
 
 near Hi 
 showing 
 vel, .Ts 1 
 
 i-ar Sir :—l have just re.iil your repori 01 the Hold Ring Mining Company's pro|),;riy, namely, the Rachel Mine 
 <;ily. The report, in my opinion, is a very fair .md conservative statement of the existing conditions of tlie mine. 
 
 Having had occa.sion to visit and examine the mine on several dillerenl occasions, I cannoi spi^ak too highly of the 
 the aniouiU of development work d"ne. 
 
 The vein is a true fissure, and will improve in si/e ■.■..id regularity as depth is aiiained, especially below ihe water le 
 ■is the case in the \ irtue. White Swan, and other mines in the same mineral bell. 
 Wishing you the success with the new enterprise 'hat it justly deserves, 
 
 I remain, yours very Iruly. 
 
 .\RTHUR I'llH.HRICH, 
 
 I'niicd States llepmy Mineral" Sur^Tynr. 
 
 lor 
 hat 
 
 We ofTep 50,000 shares of the Treasupy stock of the above Company at 
 twenty cents on the dollap until fupthep notice. 
 
 We have used due precaution to satisfy ourselves that we are otiering fully paid and non- 
 assessable Stock, in a corporation presenting a reasonable proposition to the public. We are satisfied 
 that the Gold Ring Consolidated Mining Company is operated in a manner calculated to safeguard the internists 
 of purchasers of its stock. 
 
 Legal opinions that the stock is fully paid and non-assessable, assay certificates and engineers' reports, etc., 
 are now on file, at our office. We shall be pleased to give any further information desired. 
 
 JOHN A. MOODY, 
 
 MINING BROKER, 
 
 Masonic Temple, London, Ont. 
 
 .i 
 
REMARKS: 
 
 E. R. CAMERON, Esq., of Meredith, Cam( 
 ALFD. ROBINSON, Esq., Secretary Commer 
 London, Ont., have kindly consented to ans 
 l>ona-flde of the within statemewjs. 
 
 Make all cheques payable at par in Toront 
 Corporation of Ontario. 
 
REMARKS: 
 
 1., of Meredith, Cameron, Judd & Dromgole, and 
 Secretary Commercial Travellers Association, 
 lly consented to answer any enquiries as to the 
 tatemei.js. 
 
 able at par in Toronto, to the Order of The Trusts 
 
 €p 
 
 -X