The herald., 1894-01-14
Sale of the Good Hops Mine.


Sale of the Good Hops Mine.
Perris New Era: The negotiations
for the sale of the property of the Good
Hope Consolidated Gold Mining COM
psny, which have been under way for
about two months past. were brought to
a head on Saturday, when ak volumin-
GUS documents were filed with County
Recorder Cruel at Riverside. The first
document tilod was an extract from the
minutes OF the proceedings of the board
of directors OF the mining company
authorizing the president to dispose OF
the mine; the second is resolution
passed at meeting of the stock kholders,
approving and ratifying the action OF
the directors. The third is deed OF
the Good Good Hope Consolidated Gold
Mining company to W. II. Griffin OF
Denver, those certain mining claims
known as the San Jacinto, Good Hope
and Annex, covering in all "a Il acres OF
land, and the consideration named 10
$500, 900; the fourth. deed to said
property from James M. Sgafus to W.
H. Griffith; and the fifth is mortgage
given for 500, 900 on the said mines and
land by Griffith to secure the payment
to James M. Sigsfus for four promissory
notes, one for $4,000 payable July l,
1894. and three of $4,000 each on same
date; and the sixth deed OF the came
property from Griffith to Dudley Porter,
John l.. Hobson and Charles w. Morse
of Haverhill Mass. The consideration
in the last deed is the same, 100000
as the amount named in the deed from
the company to Griffith.
The deal for the sale OF the mine COM
menced about two moaths since, at
which time John M. S. Egan and w. H.
Griffith visited Perris and were driven
out to the Good Hope, four miles dis
tant. They remained at the mines for
several days, thoroughly inspecting
every shaft and drift and making criti-
cal analyses of the ore. A report OF the
result of his examinations was taken
east by Colonel Egan, who reported to
the gentlemen who compose the present
company. Everything was satisfactory,
and when Colonel Egan returned here
about 10 days ego he closed the deal
with James M. Sigafus. Mr.. Morse,
who is one of the interested parties, was
at the mine nearly all of last week, and
is thoroughly satisfied with his pur-
chase.
Colonel Egan returned to the mite
Tuesday from Los Angeles, where he
had been on business connected with
the enterprise. On Wednesday he was
in Perris, and to New Era representa-
tive stated that his company had taken
possession of the property, and would at
once begin the construction of quarters
for the men the company intended to
employ, and put up buildings for the re-
ception OF the machinery that would
soon be on the ground. They have al
ready purchased 20-stamp mill OF
the latest design and it will be put in
position and in operation as soon ae
possible. The mill will have capacity
OF 40 tons and will be run contin uously
night and day. Concentrators will also
be used to work what sulphreuts are in
the ore. An electric light plant will
| also be put in, and the entire works, in
cluding the mine, will be lighted by elec-
tricity. Pending the completion OF the
building and mill, Colonel Egan said
that large force of men would be put
to work developing the mine. The pres
ent main shaft will be made double
compartment, and sunk 700 feet be-
fore any drifting is done. On the north
and south sides of this shaft two more
shafts will be sunk to a similar depth,
Colonel Egsn is employing men as fast
as they come along to put in the mine
and yesterday afternoon he went tc
Riverside to see if he could not find
some. His foremen, assayers and mill
man he will bring for Georgetown, Colo
Colonel Egsn, who will have the man
agement OF the mine for the new COM
pany, is one OF the beet known mining
men of Colorado. where he has mined fol
"a years. He is ssid to thoroughly un-
derstand mining in all its details, and NJ
doubt under his management the Coco
Hope mine will be made one of the mos
prominent in the state.
The Good Hope mine ie one of the old
eat in the Pinacate district, and it is 10
Gated about four miles southwest OF Per
rie. 1t was first operated by Captain
Morse, who sold out to Jas. M. Sigsfu
about four years ago, who has worked i
up to this time. 1t is opened by shat
4l6 feet in depth, from which run fou
levels, 800, 800, 745 and 300 feet in lengtl
respectively. The drifts follow ore bod
les their entire length, and the ore aver
ages from $50 to $40 per ton, although il
many places it runs into the hundreds
A conservative estimate of the smoun
Of ore in sight in the mine places it q
5000 tons.
Mines About Winchester.