New-York tribune., 1897-07-30
LOOKING TO OTHER FIELDS.
RICH MINES IN MEXICO AND ECuADoH'
ADVICE TO GOLD SEEKERS TO GO THERE RATHER
THAN To CLONDYKE.

ADVICE TO GOLD SEEKERS TO GO THERE RATHER
THAN TO cLoNDYKE
The tremendous interest that has been aroused IN
gold mine, and the rich results that await 'he
successrul nrospector by the discoveries at Clon-
dyke - extending to gold fields outside those III the
neighborhood Of he Yukon River. America pcs
sesses many such sources OF the precious yeho"
metal and there IL n feeling gaining ground that
known mining districts much easier OF access than
tho Clondyke might. with proper prospecuhs anu
working give yields as remunerative AS the Alaska
mines A week ago the Bonanza Mine. near Baker
CITY Ore. sold at n greatly enhanced price
above according TO telegraphic reports, what IL
could have been. bought for a year ago Almost
every day new companies are being formed for the
development OF mining properties not only IN
Alaska, but In various other parts OF the con-
t,1cnt The Principal mining brokers In this city
are flso ~, o,l ing numerous Inquiries from pr'''i
capitalists and syndicates relating TO possible put-
chases of gold mines. BY reason OF the poom IN
mines that the Clcndyke discoveries has created
= great deal of capital will be invested In mining
ventures In the immediate future. and therefore
reports from various gold fields on the con-
tinent are this moment particularly ihteres'ihs
Colonel W. s. Morrow. an old pioneer in California
gold MINING mas just returned to New-forK from
a trio Of Investigation among the gold camps OF
Sonora, Mexico, and expresses the utmost conn
dence In the future o. the Mexican gold-minins
industry In one mine alone he said to a Tribune
reporter yesterday. $4,000 worth OF gold Is being
produced monthly. | refer to the mine Piretos
and there Is at the pres ant moment enough ore In
sight TO keep the workings going for ten years.
Part OF this .nirt sold year ago. and with the
aid only OF tcn-stamp mill sufficient gold mas
been recovered TO equal the entire amount OF the
purchase money. This Is only one Instance OF I'M
rich character OF the Mexit IN mines. There axe
many others in the Sonora district, including the
Morado. the Julia the Ciuillernna, the Esmeralda
~ uhfn fnh a
citizens OF the United states, that are extremely
rch In ore. The district is plentifuly supplied
with wood and water; .. , ,
will systcmaically work the old placer mines In the
region. These were entirely deserted In 1873 and
then they have never been worked 10 any great
extent. The few camps at THESE placer mines are
doing splendidy. but If properly developed the re-
turns would be much greater. LABOR is cheap IN
Mexico and II any American, instead OF attempting
the arduous and expensive journey to Clondyke
turned his attention 10 these Mexican placer mines
he could not make any mistake. .
Colonel Morrow added that the Sierra Mddre noun,
talns were comparatively unprospected ana orered
as fine field for proSpec'ors as any on 'he lace Vi
the earth. - ,, .or,
Colonel Otis $: Gage. the placer mining expert
Treasury, who is well acquainted vita thc gqId gqIi
fields OF Ecuador also in the city YESTERDAY ne
regards the deposits OF gold in the Esmeraldas dis
those of the Clondyke region. Mining, ne con.
tlnued can be carried on with safety and comfort
that has capital OF sOGgoOOO and an installed
plant which has cost about slAc,WO ~ party IN
operation but in the absence OF information 10 the
pblic the great value of the property can only De
Judged by the fact. am Informed. that the com
pany has no stock for sale. Another company
erty. which is said to he OF enormous value, ls pre- pre-
pairing to carry extensive operations ana the
not Offering stock d for a here 1 the w aar 1
there Is mpreenated with gold