The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1897-02-19

The San Francisco Examiner has
the following to say regarding the new
mining company and camp on the
head of Bruneau:
The quartz and placer properties of
the Gold Greek, New, Mining Company
in Elko county, New, may be as valu-
able as they are represented to be, but
the style OF prospectus issued in sever
al varieties of form is well calculated
to scare off anybody who knows any
thing about mining. Possibly, how
ever, these prospectuses, reports, pam
phlets, leaflets, ETC., being circulated in
New York and elsewhere, are not par
ticularly intended for mining men. At
least they are not at all calculated to
inspire confidence, because the ground
is too rich and there is too much to be
made out of stock offered at its ridicu-
lous price of 81 per share. One of the
circulars says that 100000 shares have
been sold, and all persons are urged to
take the other $4,000 shares promptly
at 81 per share, with the certainty of
enormous dividends. In one leahet, j.
L. Robinson, the President of the COM
pany says 81 put myself on record
with the prediction that the property
of the Gold Creek, New, Company, cap
italized at only S30O0,000, will sell dur
ing 1897 ON the basis of S15,0O0,OOO, in
1898 of S30,00O,000 and in 1900 of more
than S100,O00,O00." This prediction is
in cold type and signed by facsimile
signature. Below this is an endorse
ment of the gentleman by another, who
says the first served on some Generals
staff in the civil war and is reliable
L. ha ~,
entire gold bearing district of about
10000 acres, covered with hundreds of
millions of cubic yards of disintegrated |
rock or gravel carrying free gold from
80 cents to 300 per cubic yard, with |
water for hydraulic mining, and the |
district is underlaid with lodes of gold |
bearing quartz of enormous value"
This is q fine combination, both gravel |
and quartz on the same ground, and
the stockholders may consider them
selves lucky indeed. After they work
off the top gravel they can then tackle
the lodges and get experience in both
kinds of mining. Whether they will
get more than experience remains to
be seem OF course this district had to
be compared with Cripple Creek or
South Africa, to be in fashion, so Grip
pie Creek was chosen. After saying
that camp was once sheep ranch and
is now worth five hundred million dol
lars, the prospectus says: "The gold
bearing district of the Gold Creek.
New, Company is nearly double the
entire district of Cripple Creek and
the gold-bearing values more than
double" There could, of course, be no
palmer proof of sure profit than this
statement, and it will attract many
not mining men. Another prospectus
gives the gravel values as from % cents
to 800 per cubic yard, which lets up
half on the first statement, but still
this is rich enough anyway. or course
we don't find any gravel in California
which hydraulics 500 per cubic yard,
and, in fact, not so much that averages
% cents. At the old Malakoff diggings
in Nevada county, out of 3,3OOOOO Gu
bic yards, the yield was 2 9-l0 cents per
cubic yard, and 100000 cubic yards of
the rich Bloomfield only yielded 3 $40
cents. Some streaks of bottom gravel
ru 4 up to 30 and 40 cents, but it re-
mains for the Gold Creek Company to
ind any worth 500 or 5000 per cubic
yard to be hydraulicked. The property
has been reported on very favorably
1y B. S. Church, of New York, hydraul-
C and mechanical engineer. He tested {
he entire property and found the
,ravel could be worked for 8 cents per
cubic yard. Then two well-known ex-
,erts from the Pennsylvania ore fields {
llso made a report. They even found {
.olors in the dust in the wagon road. !
They profess themselves amazed that ,
he stock in such a property is selling
or only 81 per share, and promptly !
ook 100000 shares, or at least so they I
ay in their letter. There is one Dun ,
var Hunt, planter and real estate own !.
r, who adds few signed lines indors-
ng all these pamphlets and circulars.
Altogether the statements made are
uite remarkable, and no doubt con- S
iderable stock will be sold to people q
gho are not familiar with common !,
very day mining. Those who ever ex-
'ected to see region paved with gold S
lever thought of looking in Nevada for Il
t, though after reading the literature
ssued by the company, their attention
,ill be turned in that direction. No I
xpert hydraulic owner from this state t
ppears to have been called upon for S
n opinion on this property, but most n
ny of them could express decided
ne after reading the circulars of the
ompany. P
Reserve a niche in your memory for +