The herald., 1897-05-17
MINES AND MINING

1t seems to be difficult just now to buy
good going" mining properties in Cali
fornia. Colorado, Utah. Arizona and
other places where there are large gold
mines unless fair round price is paid,
and intending investors are complaining
Of the prices asked, says the San Fran
cisco Examiner. 1t is not for lack of
such mines for there are plenty Of them;
but all mines are not for sale except,
as In the case Of other things, when the
owner may get his price. 1t is contend
ed that the high prices asked prevent the
investment of capital in mining enter
prises. However, gold mining has the
CALI just now as an investment, for 1t
is paying better than most industries.
Therefore, the men who own good, pro-
| ducing mines are not so anxious to sell
| as when there were other profitable
places to invest their money. Naturally,
| then, they hold their mines at respecta-
BILE figures of profit to themselves. Time
was, and not so very long ago, either,
when it was difficult to sell a mine at
any price, no matter what its develop
ment or promise OF the flture 1t Is diff
ferent now, and the men who held on
and kept working during periods OF de-
preston expect to reap their reward. 1t
shows, too. the faith Of the owner in his
| mine. this refusal to sell a low prices or
on any terms offered. Most Of these in
vestors decline to take prospects and
make them into mines by work anG ton-
ey. They want only going mines, we'll
developed, equipped and producing. For
these they must pay corresponding
price, for the other man has gone through
all the many expensive preliminaries of
making the mine, and he naturally ex-
poets to be paid for it. He has taken his
chances of failare; but having made a
success, can scarcely be blamed for rec
ognizing the fact that he has a good
thing. If he cannot sell for the value he
puts upon his mine he is willing to con-
tinue to operate it on his own account.
| V. c. Miller, p. J. Hummel and several
other residents of Los Angeles are op-
Grating group of six mines known as
THE Sunset Mfles," near Dandy, San
Bernardino county, at the northerly base
of THE Old Woman's" mountains which
give promise of great richness. Several
mines of the group are sufficiently de-
veloped to prove beyond a doubt that
vast body of sulphuret ore rich in gold
and some silver is deposited at this
point. Work has been systematically
pushed since January last, with good
| body of ore from the start which is in
creasing In quantity and quality as
greater depths are obtained. The Gold
| en- Gate shows body of ore from twelve
to fifteen feet in one Of the drifts. The
Dillon has at eighty feet four feet Of
solid ore in five-foot vein-assays $50
to $40 per ton Of gold and some SO in sill
YER The stamp mill on this mine will
be used in connection with a cyanide
plant which will put it on paying basis
at once.
TAILINGS FROM THE MILLS
to thirty tons a day, which will be in
creased to 120 tons if necessary.
| A forty-stamp mill is being built at
White Hills, Mohave county, Ariz.
Arizona is expected to produce more
gold this year than ever before in it's his
tory.
A 100 ton cyanide plant is to be erected
over the old tailings of the Vulture mine
in Arizona.
A rich gold strike is reported in thu
Gila mountains, thirty miles south Of
Phoenix, Ariz.
Cripple Creek, Col, is reported to have
turned out $4,000 tons Of ore last month,
valued at $1,O5O.0O0.
The Commonwealth Mining company
Is excavating for the location of their
proposed mill at Pearce. Ariz.
A number of small mills are being put
up at the Pichacho mines. near the Colo
RADIO river, in San Diego county.
Men are working a patent washer run
by a gasoline engine on old tailings
found three miles east Of Escondido, San
Diego county.
A good many mining claims are being
located in Yuma county. Arizona, and
in the mountains bordering the desert
in San Diego county. Cal.
Henry Combs & Co. have put up q two
stamp mill to work their $50 rock at Chi
huahua valley, sixty miles east of Te-
mecula, San Diego county.
There is said to be still a large area OF
INDICATED ground in Mineral Creek dis
trict. Pinal county, Ariz., where both
gold and copper ores are found.
Prospectors and other mining men
from Kootenai and other points in Brit
ish Columbia, are flocking towarGJSIar-
rison lake, where a nurASer of rich finds
have been made.
new cyanide plant is being put UP
by the Garlock Cyanide company, and it
is expected that 1t will be in operation
about the first Of next month. The ca
; pacity of the plant will be from twenty
The rich gold discoveries and new cop
per finds in Yuma, Pima and Cochise
counties in the southern part OF Arizona
during the past three months have
caused a great deal of excitement and
activity in that region.
James MCGEE was in from Death val
ley few days ago and reports a rich
| find which he "a 1ocofad Covv,o oro 20 L