Ore running from five to eight ounces of gold has been struck at sixty feet in the Last Effort, on Battle mountain.

The Rose Nichol Gold Mining Co. belongs on a selected list, by no means complete, of low-priced Cripple Creek stocks, with the latest published information as to location, acreage, capitalization, and approximate present price being: Battle Mountain, adjoining the Portland group, Cripple Creek; 11¾ acres; capital, 1,500,000 shares; par value, $1; stock in treasury, 200,000; price, 13 cents.
The low-priced stocks are usually sold in "board lots" of not less than 1,000 shares. Smaller lots are also not readily salable. Shares in the Royalty can be obtained in lots of not less than 500.

During the Month of May 1906, the United States Surveyors General for Colorado through the General Land Office approved Amended Work at Survey No. 7554 Am., Wisconsin, Hawkeye, Buckeye, Colorado City and Last Effort Lodes, in Pueblo land district.

THE ROSE NICOL GOLD MINING CO.

In the early part of the year 1901 The Reed Investment Company, of which Mr. Verner Z. Reed is president and O. H. Shoup secretary, adopted a policy of working the properties which they controlled by the leasing system.

They were among the first to inaugurate a longer time lease with a lower royalty, so that on all the properties which they control, there has been active development work carried on during the past year by lessees.

The Rose Nicol Gold Mining company own the Rose, part of the Big Banta, part of the Dexter and Last Effort, lying just north of the property of the Portland Gold Mining company.

The main shaft is down 450 feet and during the past year there have been from two to three sets of lessees working upon the property.

So far no ore has been shipped from the Rose Nicol properties, but the location of the company's ground is good.