777 .3 GG s University of California Berkeley The Goldfield Mascot Mining Co. The Patrick Investment Co, Fiscal Agents 402, 403, 404, 405 Empire Building Denver, Colorado THE GOLDFIELD MASCOT MINING COMPANY Incorporated Under the of Arizona. CAPITAL STOCK, 1,000.000 SHARES PAR VALUE, ONE DOLLAR EACH FULL PAID AND NON-ASSESSABLE 499,000 SHARES IN TREASURY Alines Located in the GOL.DFIELD DISTRICT, NEVADA MAIN OFFICES 402, 403, 404, 405 Empire Building, Denver Colo. OFFICERS L. L. PATRICK, President. C. M. EDDY, Vice-Pres. ''*"j. M. PATRICK, Secretary. W. H. EDDY, Treasurer. DIRECTORS L. Li. Patrick, Mining- Engineer. . .Goldfleld, Nev. C. M. Eddy Denver J. M. Patrick, Investments Denver, Colo. W. H. Eddy, Investments Denver, Colo. r 1 . M. Shaw, Manager King- Mfg. Co.Denver, Colo. DEPOSITORY FIRST NATIONAL BANK Capital and Surplus, $2,000,000 INTRODUCTORY YVTilLE admitting- that the principal aim of VV this prospectus is to show to investors that The Goldfleld Mascot Mining Com- pany's stock is of more than average merit, to the busy business man, we submit the following salient points pertaining to the company as worthy of special attention, and which, to some, we believe, will answer quite as well as read- ing all the data contained herein. TO BEGIN with, The Goldfield Mascot Com- pany is a "subsidiary" of The Forward Mining Development Company, which has on its staff what is conceded to be one of the strongest and most successful corps of expert miners and mining engineers in the Goldfleld district, and who, as managers of large mining estates, have been conspicuously successful in not only Goldfield, but other western mining camps. It being a subsidiary company, and thereby under the control of the management of The Forward Company, it is easy to see the im- mense advantage it will have from the start over the average new company in regard to management and' general efficiency. Regarding finances, the Goldfield Mascot Com- pany will have 499,000 shares of the 1,000,000 capital stock in the treasury for development and general betterment purposes. The balance of the stock, 501,000 shares, being in the hands of the executive and financial department of The P"orward Company, secures the full support of this strong company, which in itself practically amounts to a guarantee of substantial and last- ing results. As to the present and prospective value of The Goldfield Mascot Company's holdings we would say that the claims owned were, after a thor- ough and comprehensive examination by The Forward Company's engineers, approved and ac- .3 cepted, not only on account of the great area over 73 acres nor the valuable veins exposed thereon, but also on account of the great activ- ity on adjoining and neighboring claims, result- ing in valuable discoveries extending into Gold- iiekl Aiascot territory. In addition to the foregoing advantages, it will always be the aim and policy of the directors to offer the development, or treasury, stock at a price that will net the company satisfactory re- sults anu, at the same time, command the atten- tion of conservative investors. Furthermore, and as additional evidence of our ability to negotiate an enterprise like The Gold- field Mascot we would respectfully refer the reader to our records in connection with The January, Combination, Black Butte and other highly successful "grass root" flotations in the Goldfleld district, which, in some instances did not promise as well in the start as The Gold- fleld Mascot. For the benefit of those having the time and inclination to study details we follow this intro- ductory with much interesting data pertaining to The Goldfleld Mascot's holdings and the sur- rounding country, but for the busy, yet careful, investors, we believe the foregoing representa- tions of facts are sufficient to convince them that the enterprise offers an unusually favorable op- portunity for the profitable investment of cap- ital. HOLDINGS THE PROPERTY owned by The Goldfield Mascot Mining Company consists of four claims the Mascot, Creseus, Eugenia and Lady Roxburgh, which, after eleminating all prior rights of overlapping mines, embraces an area of over 73 acres, and contains over 6,000 linear feet of known veins, not to mention "blind" or unknown veins so prevalent in this district, where the "overburden" is heavy. These claims are situated on the wagon road about midway between the towns of Diamondfield and Goldfield, in the immediate vicinity of the May- flower, Hunchbelle and other well known groups of mines, and only from one to two and a half miles from every "bonanza" mine in the district. The surface indications on the above four claims are superior to the January's at the same stage of development (from which L. L. Patrick and associates afterward developed and extracted over $700,000 worth of ore) and, under the sys- tematic and vigorous campaign of work which they will receive, should soon render a splendid account of themselves. The accompanying claim map not only shows the relative position of The Goldfield Mascot Company's claims to the big mines (January, Combination, Jumbo, Florence, Tonopah Club, Sandstorm, Black Butte, Quartzite, Simmerone, Lone Star, St. Ives, Vernal, Velvet and others), but it also shows that they are within the radius of action of the "Goldfield volcano," which many eminent geologists claim was the direct cause of the vein formation in this particular area. OTHER ADVANTAGES ASIDE FROM its known vein croppings, the ground owned by The Goldfield Mascot Company possesses much intrinsic value in being situated in the midst of active oper- ations. As an illustration of the benefits often derived by neighboring claims under such cir- cumstances we can cite the Black Butte, Quartz- ite, Simmerone and about every mine in the dis- trict, in which the extensions of their bonanza veins were traced and are now being worked by adjoining claim owners and, at the same time, without decreasing the value of the original dis- coveries. In the development of the Quartzite vein at Diamondfleld, in which the ore assays from $300 to $10,000 per ton, the rich ore shoot was found to also extend into the Black Butte ground, although there was no such indication on the surface of the Black Butte's holdings; nor would it have been known for a long time but for the development of the Quartzlte. Another conspicuous case in point is the Simmerone, in which the Lone Star and Potlatch adjoining claims have been much benefited. The exceptionally favorable location of our claims, their thorough mineralization and large area, compared with others who started under less favorable conditions, in which great success afterwards rewarded their efforts, warrants us in the belief that success with us is merely a question of development and competent manage- ment. MANAGEMENT THE MANAGEMENT of our properties shall be under the direct supervision of the whole Forward Company's staff of expert miners and engineers. These men are not only familiar with every phase and turn of the min- ing business, but are thoroughly familiar with the local geological and mineralogical condi- tions of the Goldfield district. Mr. Lucien L. Patrick, president of both -tiie Goldfield Mascot and The Forward Mining De- velopment Company, now one of the wealiuy miners of Goldfield, Nevada, is well and favor- ably known to the prominent mining men of Colorado, Nevada and other western states, as a miner of enterprise, good judgment and a care- ful manager, having been very successful in Leadville and Asp 1 en, Colorado; Koutenai, B. C., and the state of Washington, and now, at Gold- field, Nevada. Mr. L. L. Patrick is also vice-president and the largest individual stockholder in the Black Butte, which largely through his personal su- pervision, has been developed into one of the big mines of the camp. Mr. Patrick was the first to recognize the possibilities of the Goldfield district, going there when there was less than a dozen people in the camp. Now the population is about 15,000. It is estimated that at the present rate of daily arrivals the population will reach 35,000 by the end of 1907. As to L. L. Patrick, any bank or banker In Tonopah or Goldfield, Nevada, or prominent min- ing- man in Colorado, can be referred to. Mr. W. F. Patrick opened up, developed and sold to The American Smelting Company, the Aftermath mine at Ten-Mile, near Leadville, Colorado, realizing a profit of over $250,000 for himself and partners. A year or so later he was one of the first to strike sulphide lead ores at Leadville, when he took a bond and lease on the famous Colonel bellers mine, and operated it till he sold it to the Smelting Company of New Jer- sey, paying out about $1,000,000 in dividends to the owners. In the Aftermath properly, less than $10,000 was spent in development and $250,000 realized. In the Colonel Sellers $23,000 was spent and $1,- 000,000 paid in dividends to the owner*. The company is especially fortunate in having on its board of directors successful mining men of large experience, and now actively engaged in the Goldfield district, where they have been eminently successful, and whose honesty and capability are unquestioned. CAPITAL AND TREASURY STOCK THE GOLDFIELD Mascot Mining Company is capitalized for 1,000,000 shares, the par value of each share being $1.00, and it starts out with 499,000 shares practically one- half of the capital s^ock in the treasury, to be sold as required for development and the gen- eral betterment of its holdings. The stock shall be sold at an advanced price from time to time, as work progresses, or until the mines are established oh a dividend-paying basis, when the treasury stock will be withdrawn from the market. The stock is fully paid and non-assess- able, and carries no individual liability under the articles of incorporation. The Forward Mining Development Company, from whom the Goldfield Mascot Mining Com- pany acquires title to the four claims men- tioned, retains 501,000 shares of the capital stock in lieu of any profits in cash it might have re- ceived by parting with all of its interests. View- ing it from another standpoint, The Goldfield Mascot Mining Company has, from the start, the full financial and physical backing of the For- ward Company, and the Forward Company, by giving its full support to the Goldfield Mascot Mining Company, enhances the value of its shares in proportion to the effort it makes to reach the dividend point with its Goldfleld Mas- cot Mining Company's holdings. Under the foregding plan of operating it is easy to see that our company 'enjoys a tremend- ous advantage over the average mining com- pany, and that when it is considered in conjunc- tion with the many other desirable features, success, to say the least, surely seems assured. Subscribers to stock may pay for the same either on the cash or installment plan. Install- ments can be made by paying ten per cent, with the order and the balance in six monthly pay- ments. Receipts showing the amount paid shall be returned to subscribers, and when the last payment is made a paid-up certificate shall be forwarded to them. The company will exact no forfeiture of any moneys paid, so that when subscribers find that they are unable to maintain their monthly pay- ments any longer, a certificate for the full amount paid will be sent them. In conclusion, let us say that it is no trouble for us to answer all honest inquiries, and that the same shall receive prompt and courteous attention at all times from the officers of either the Forward Company or the undersigned. THE GOLDFIELD MASCOT MINING COMPANY 402, 403, 404, 405 Empire Building, DENVER, COLO. THE PATRICK INVESTMENT CO., Fiscal Agent. NEVADA NO STATE in thg union is at present attract- ing so much attention among mine oper- ators and investors in mining stocks throughout the world, as Nevada, which is once again forging to the front rank as a prominent producer of the precious metals. The statistics show that the production of gold for 1903 amounted to $3,388,000, and of silver $6,529,939, the former metal showing an increase of $492,700 sfiid the latter an increase of $1,686,367 over the previous year. The production of 1904 amounted to, gold, $5,140,000; silver, $4,500,000, showing an increase in gold of $1,252,000 over 1903 and a de- crease of silver of over $2,000,000. The produc- tion at Goldfleld has increased annually and there are many who believe that 1907 will see a production of nearly fifty millions. While the total product is trifling compared to the palmy days of the Comstock in the zenith of its glory, yet it is the greatest output for many years and the very remarkable percentage increase is the most encouraging sign to those who have un- swerving -faith in Nevada as the coming great mineral state of America in the immediate fu- ture. It was unfortunate for Nevada that the many millions in silver extracted from the Com- stock lode led the prospectors to insist upon re- garding it as a "Silver State" and refusing to prospect for gold. The progress of the mining industry was also greatly retarded by the almost total absence of railroad facilities, rendering transportation ex- ceedingly costly and virtually prohibiting the working of any but high-grade ores, and these only with great waste. To these troubles must be added popular impression that the state was virtually an arid desert, although no practical or scientific efforts had ever been put forth to dis- cover water in any quantities, but the puny at- tempts of individual prospectors, or cattle men, had invariably met with success on a small scale. Yet with all these difficulties, hampered by prejudice and ignorance of its hidden re- sources, Nevada is now the cynosure of the eyes of the mining- world and is destined to attract attention for some years to come, but, remark- able to say, as a producer of gold, which will for the future far exceed its output of silver in the past. IN CONCLUSION THE FOREGOING description of the Gold- field district, though necessarily Incom- plete, has been written with the desire of conveying a true idea of the present condition and future great possibilities of this important mineral belt. Though only a little over three years old, it gives every promise of ultimately surpassing Virginia City and its famous Corn- stock mines, with their record of production of over $400,000,000 in gold and silver, and, that its value, instead of being mixed, will be all GOLD. To the cautious investor we believe this field offers an exceptionally favorable opportunity, and that The Goldfleld Mascot Mining Company's stock, at the present price, will prove a highly profitable investment. For further particulars, address, THE GOLDFIEL.D MASCOT MINING COMPANY 402, 403, 404 and 405 Empire Building, DENVER, COLO. The following discussion of the mining situa- tion at Goldfield, Nev., was written by Charles J. Moore, the well known engineer, formerly con- nected with the Portland mine at Cripple Creek, and now located in Southern Nevada. It, there- fore, bears the weight of high authority and is sufficient evidence of the amazing record and great merit of Goldfield. It was prepared for the annual review edition of Ores and Metals, We are permitted to publish the same. GOLDFIELD TODAY This wonderful mining- region is now attract- ing- universal attention throughout the United States, and in spite of its great and continuous production of gold many are still asking "Where and what is it?" Much has already been written, both in maga- zines and newspapers, concerning the phenom- enal discoveries in southern Nevada during the past five years, but it appears that the invest- ing public requires many repetitions of the fact* regarding any new mining field before becoming convinced of their truth. The following description of the geology and general characteristics of the veins and mines is a conservative statement of the facts made with as few technicalities as possible, so as to be easily understood by any reader. Goldfield begun in May, 1903, when the first locations were made upon the reefs or blackish outcropping ledg-es which occur so frequently in the district. It is located in Esmeralda County, Nevada, due east 264 miles from San Francisco, 120 miles from the cele- brated Yosemite Valley, and forty-five miles east from the boundary line between the two states of Nevada and California. THREE RAILROADS SOON It is 240 miles northerly from Los Angeles and 270 miles south of Reno, on the Southern Pacific railroad, directly connected by broad-gauge rail- road being extended rapidly southward to con- nect with the San Pedro