Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-01-08
YELLOW TREASURES
Colorado Capitalists Have Under
taken the Task Of Developing
Red River District.
new MEXICO CRIPPLE CREEK
Red River Surface Indications More Prom
Using Than We're Those Of the Pheno-
menal Gold Camp Important
Work Projected.

The New MEXICAN yesterday made
mention of the fact that Charles f. Pot
ter, an attorney of Colorado Springs had
entered for a Colorado syndicate, at the
United States land Office in Santa Fe,
l4714 acres of placer groun2 III ale Red
River mining district Of Taos county. N.
NJ. Realizing that Mr. Potter not only
takes front rank as d mining lawyer in
Colorado, but represents goodly amount
of Denver, Colorado Springs and Cripple
Creek capital, which is seeking invest
ment in desirable mining properties in
New Mexico as well as in Colorado. a
representative of this paper sought an
| interview with him at the Exchange
hotel this morning and was amply re-
warded for doing so.
Mr.. Potter has been actively interest
ed, as an attorney and operator, in the
phenomenal gold camp of Cripple Creek
since 1922, and his attention and that of
his associates was attracted to the Red
River district about three years ago by
| it's striking surface resemblances to the
formation at Cripple Creek. Since then
| he and those with whom he is working
have quietly and thoroughly examined
the entire district, and as result there
of have organized the Red River City,
| Town Il Mining company, and in its
name have acquired il good deal of prop
erty in the district for extensive and
systematic development.
'Of course such enterprises as we
have undertaken were not possible so
long as the Rio Colorado grant cloud hung
over the district, said Mr.. Potter, ''but
since the grant claim has been rejected
by the United States court of pri-
vatc land claims and the appeal has
been dismissed by the United States Su-
prcme court, perfect titles can be So
cured and monecd men are no longer
afraid to invest therein. We have a
strong Denver, Colorado Springs and
Cripple Creek combination in our com
pany whereby we expect to get a good
deal of capital into the district for de-
yelopmcnt purposes.
''Dr. j. II. Reed, of Colorado Springs. |
who was prominently connected with
the development of Cripple Creek and is
a thoroughly trustworthy and competent
tive examination OF the Red River dis
trict and has made most favorable re-
port thereon. 1t is his opinion, as well
as my own continued Mr.. Potter,
that ..there is every indication that the
district will develop into prosperous
gold producer He has been made
president and general manager of the
Red River company and has permanent
ly located at Red River City with his
family
THE actual development in the dis
trict so far is slight, added Mr.. Potter, |
''but the surface indications are most |
encouraging, much more promising in
fact than the indications on the surface
at Cripple Creek. The entire Red River |
valley, from about five miles above Red |
River City down about 1s miles to Ques
ia, is composed of gold bearing gravel
and decomposed quartz, which will |
some day be worked as placer ground. |
This aurifcrous material is due to the
eroSions of thousands of years and |
seems to center at Red River City.
aside from the placer ground, the
mncralized area shows the eruptive |
rocks in the form of great dikes of por-
phyry and phonetic, and the best bodies
of mineral take the form of contact veins
with smooth porphyry and phonotite
walls, but my impression is that deep
mining will disclose the fact that the
veins have been forced up through the
granite in association with the porphyry
and phonetic.
THE development work so far shows
the ore to be largely of hematite char
acter of medium to low grade, but speci-
mems of float and small seams have as
sayed into the thousands in gold. The |