The record-union., 1899-06-05
Pacific Coast
Mining News.

The following news pertaining 10 IA
cifc Coast mines and mining matters
will doubtless prove of general interest.
SILVER PEAK SALE.
Nevada State Journal: Meager reports
We're received by the journal yester-
day of gigantic mining deal consul
mated the day previous. The Silver
Peak property, fifty miles from candle
laria, in Esmeralda County, is reported
to have been sold for consideration in
the neighborhood of $1,U00,O00. 1t has
not been heard who the purchasers are
other than that they are Eastern cap
itaIists.'' This vast property consists OF
about two hundred mining claims on
number of lodes of gold and silver. ore.
They were discovered in the early days
and extensively worked, at one time up
ward of three hundred men being en-
ployed. Litigation ensued, and, de-
spite the richness of the mines, finan-
cial complications resulted in the works
being shut down with half million dol
lars plastered upon them.
For the past four or five years only
watchmen have kept the once busting
camp from being deserted, except for
a time when tailings were being worked
by the cyanide process. Now new life
will come to Silver Peak. The new
owners will shortly begin work on an
immense scale. Enough ore to keep the
stamps running for fifty years is in
sight.
1t is also rumored that the Carson
and Colorado Railroad will be extended
from Candelaria to the mines.
AMADOR ITEMS
Amador Dispatch: The owners Of the
Prussian Hill mine, in Calaveras Coun-
ty, c. and B. C. O'Neill of this place,
cleaned up last week after an eleven
days run with very satisfactory re-
suits. The Dispatch" learns that l41
tons of rock, which included waste and
all matter between the walls, were put
through the mill, which is a five-stamp
mill, and that $1,25S We're cleaned up
as the result of the run. This we take
1t, is pretty good, and will encourage
the Messrs. ONeill to keep on with the
work of development
The Boire brothers are getting good
gravel at their mine near Railroad Flat
in Calaveras County. Their tunnel is
in tU0 feet and is 4x6 feet in the clear.
AT $50 feet from the mouth of the tun-
mel drifts were run across the channel
showing it to be sixty feat from rim to
rim. with an average depth of five feet
of gravel. The present development
gives over two thousand feet of I'M
worked gravel and in consequence,
the Chronicle" says, the main
tunnel will not be run ahead for
the present The work of taking
out gravel from the back drifts and
working toward the mouth of the tun-
mel has been commenced. The property
is splendidly situated for working, hav-
ing sufficient dump for the tailings,
with no need for an impounding DAM
w. A Winsboro has put a force Of
men at work on the slate lands near
lone. recently bonded by the Shasta
Slate Company. The company was or
ganized with Sl00,0OO capital, and if
they will open quarry on these lands
in proper shape, which will require
large expenditure, an industry of vast
Importance will result. The slate is of
the same general character as that
quarried in limited quantities by Jacob
Strahle and the California Slate Com
pany in FL Dorado County. which has
been pronounced by experts to be equal
TO any produced in the world A ready
sale at fair prices was found for all the
slate quarried in Ell Dorado County. but
the distance from the railroad and
heavy wagon road grades made the cost
of shipping 100 great, and little has been
done with the properties of late years
The Shasta company has an advanta ge
IN being right at railroad station,
and with Intelligent management there
IS no reason why their slate business
should not pay handsomely
NEVADA'S ROOM
Nevada Silver State: Thomas Wren.
who has just returned from an ex-
tended business trip through Eastern
Nevada, kindly furnishes the Jour
naf' with the following interview on
the mining situation in this State:
AT Eureka the miners are quite
prosperous. Mine owners Complain that
tributers will only commence work at
O'Clock in the morning and quit at
and never work on Saturday and
Sunday but still make money.
AT Hamilton only a few miners are
working but they are doing WELL
THE Home Stake mine, formerly
owned by Oscar J. Smith, A. jackson
and B. L. Smith, but now, I believe.
transferred to a corporation, bids fair
to make a fortune for it's owners.
'At Ely, in White Pine County, the
Chairman mine, for long time the
principal mine in the district, is look
ing remarkably well. The owners are
now working it and have developed
splendid body of ore The parties