The herald., 1894-10-01
NEW DIGGINGs.

Region.
In Los Angeles county within hardly
more than forty miles from the City Of
the Angels lies q country OF which but
very little has been known to mining
men go far or else how could it be that
such rich placer diggings could have
been neglected?
These placer grounds were located in
San Francisco cafion beginning at dis
tence of only IL miles from Newhall,
the great oil supply eource in q north
erIy direction. The grounds are very
extensive and are now ell taken up.
They lie chiefly in township range l6
west, and l6 west s. B. meridian in SEQ
tions %, IA, IS. IL and l, north range Is
weet, and are owned by individuals as
we'll ss several mining companies. Cap
tain Dick Falkenberg. the mining man
and expert employed, the whole Of last
week to examine properties in that re-
gion.
The Cora Bell mining district on
which these placers are located, is an
old we'll known district to mipers who
made good living out OF them by dry
washing and sluicing. etc. The captain
says that atrict average is very diff
cult to determine at the present time
unless by working it on a large scale.
Captain Dick enjoys the enviable repu-
tatlon of being very conservative and
Bkeptical mining man. He re2orts that
every painful of dirt taken from these
grounds shows from Is to so colors,
allowing 80 pounds OF gravel to the pan,
no matter where the dirt is taken from
Several men are now working on q
small eoale with insufficient water and
etill make more than wages every day.
These men naturally are compelled to
waste many days in prospecting the
grounds in the sanguins hope of finding
rich pockets, and yet do well. A man
cannot handle more than two square
yards per day in drywasher and tax
ing his lowest earning as 60 cents, this
would prove an average of 80 cents TO
the square yard, which certainly in the
eyes of mining man means a bonanza.
Captain Dick 10 heavily interested in
two companies on section 5, township 5
north, range Is west. on the highest
points OF these grounds, which lie about
400 feet above the canon, or rs feet lower
than the high ridge over which the
water must be raised from the cafion by
the medium OF a powerful pump with an
eight.inch pipe. An abundant supply
of water can be had from the canon be-
low, and these grounds could be made
the biggest producers on the coast. Oil
for fuel is cheap aud can be bought as
Newhall.
The pay gravel has depth OF from
to 50 feet, and will average about % feet
all through. These hats are known to
old-timer5 as the coarae gold placers, or
French fat. They pay. from the brush
roots down to bedrock, where naturally
the gold becomes coarHer and more fre-
quent. The captain has consolidated
the Marguerite and the Majestic Min
ing company. $2,000,000 stock COM
pany with 100000 shares 9. $40 par
value. This company, which owns 800
acres OF this valuable ground, has the
advantage that by placing pump in
the cAfion and raising the water about
450 feet, it can dispose OF the used water
to oil the balance of the owners in the
canon. thus realizing from $50 to $75 per
day from their water. In fact, COM
pany has offered to pay $50 per day for
the use OF all necessary water.
The stock OF the Consolidated Mar
guerite and Majestic Mining company,
whose par value per share is $40, will
be sold for the brief period of two
months for 81 per share, until the first
OF Decem bsr. The stock is gilt-edged
and but 70 900 shares will be thus dis
posed of, when the stock will be placed
az par. The pumping plant is expected
to be put in running order by the 18th
of October. Ths president and general
manager of the company, Capt. r. A.
Falkenbsrg, has his office at the Hotel
Nadeau and the company's offices srs in
the Grand opera house block. Mr.. A.
V. Benson, proprietor and manager OF
the Grand opera house, is the vice.
president of the company, and E. H.
Penning of the Farmers and Merchants
bank, ia the secretary, while the latter
'bank acts as treasurer OF this concern.
The Consolidated Marguerite and Ma.
isutic Mining company, 30 the captain
states, ia sound business undertaking
snd the names of its directors guarantee
fully it's entire reliability