The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-05-10
Pacific Coast
Mining News.

The following news concerning mines
and mining will prove of interest to all
who care to know what is going on IN
the great mineral belt of the Paclnc
Coast:
THE BONANZA SALE.
Deseret News: The Silver Shield
mine which will soon pass into the
hands of the Silver Shield Mining ana
Milling Company for 100000. reported
AT the sampler to-day with four cars OF
ore the first-class running III per cent.
lead and 80 ounces silver to the ton.
This is a Bingham proposition and con-
sists of two patented claims lying near
the Old Jordan and Galena, now en-
braced in the holdings of the Umteo
States Mining Company. At present
# is under lease to Messrs. Hood ana
J,edgerwood. who. within the past hve
months have shipped $1,000 wo-th OF
ore The mine was located fifteen
wears ago by John Herman, who be-
uueathed it to his sons, A. K and John,
.Jr Inv whom it is now owned. 1t has
been thoroughly developed and presents
an excellent showing, so coed IN 1act'
as to warrant the assertion that from
its operation the prospective owners VIII
reap regular dividends.
The second-class ore from this NINE
ASSAYS IA per cent. lead, 81 ounces sill
yer 81 gold and some copper, the Who!e
making a very desirable shipping ma
terial.
| The Silver Shield Mining and Milling
Company will file articles Of incorp9ra-
! tion some time this month. 1t will have
capital of 100000 shares, which. ac-
| cording to the terms of the bond, will
be paid for at 20 cents each, payments
being made in monthly styllments Ct
| 2 cents a share The company VIII IN
clude Josiah Barnett, who will doubt
| less be President: A. Harauer. A. T.
Mayberry. A. K. and John Tiernan, j.
| w Langley and A Hanauer, IT., who
will act as the company's secretary. AS
| soon as incorporated the 81 ound viii be
worked with renewed vigor and ship
| ments sent to market as fast as the ore
can be taken out. This viii, make pos
| sibie the payment of dividends within
a comparatively short space of TINA
GOLDEN TREASURE WORK.
| Grass Valley Union: Operations nave
been resumed by the Golden Treasure
Company, after a suspension of six
weeks. AS is generally known the COM
pany is operating the Sauvee ground
and the prospects are very good fer de-
veloping good mine. The machinery
is being moved to a new shaft soIne so
or 500 yards south of the old work
! ings, where it is expected to cut the
| pay chute and work to much better
advantage than through the old work
| ings The new shaft is down about ~
feet and in the bottom is good,
strong vein of ore. 1t is the intention
to sink the shaft to depth of 800 feet
before running any drifts. The plant
on the Golden Treasure is good one
and adequate for all purposes for a
| long time to come. In about three
weeks Superintendent Frank Dulmaine
expects to have things running in full
| blast.
ARIZONA CHLORIDES.
Los Angeles Record: The large
mines about Globe are producing their
! usual output. The Live Oak Mining
and Smelling Company is shipping
about fifty tons of bullion week. A
good indication of mining prosperity
about Globe is the work of ch.orideTS
who are shipping probably fifty tons OF
l<,;1x - -t,s