The San Francisco call., 1905-06-10

promoter obtained the money and the investor
the experience.
SEVERAL BIG DEALS.
Several quite large mining deals have
been effected in the last fortnight.
Among these is the sale OF the Sterling
mine in jackson County. Oregon, to
the Sterling Mines Company. which Is
expected to expend 100000 in develop
ment work. The Last Chance mine in
Nevada County, near Maybert, has
been sold to 9. G. temple, q Goldheld
operator. The old keystone mine, also
in Nevada County. has been bonded to
Eastern parties. This is in the Rough
and Ready district. The property will
be known hereafter as the Majestic
mine.
The Los Angeles Times says that the
Panamint district Is to be exploited.
The following is the report. in part:
From BuIlfros it is but nine miles to the
line separating Nevada and Caiifornia, and the
Funeral range Of mountains, In California, Is N
Valley and then the Panamint range and Pam
amint Valley.
which for three years has been surging south
ward through Western Nevada. gradually ap-
preaching the border of this State, has reached
a point where it confidently can be expected
that 1t will break over the State Line with lit
In fact. there is a general feeling among the
to it's end continuously. now that the move
ment is on, and 1t is known by them that the
zSns extends through dan nta Mexico
PANAMINT AN OLD FIELD.
Already there is an increase in prospecting
on the California deserts and mountains, ana
by next fall it can be expected tnat .ne rss.on ION
plotted This Is a section OF California "nicn
has yielded much wealth in the way OF min
erals. There was famous rush into the Fan-
tn fIa
The mining claims OF Jacobs ana MS part.
ners fell into the hands OF Senators Stewart
known men In the United States Senate The
activity lasted about five years and declined
with its more famous sister, the ComstocK
ZOO 600 from a rich copper silver ORE This
Famous old camp is situated high up in the
range at an elevation OF more than 1000 feet
and iust under Telescope Peak, which rears its
head 10, $50 feet above sea level IL is most
delightful spot. with its running water ana
forests of pines, particularly In, the sum-
mer time 1t will be sought by the desert
prospector during the intolerabiy not Gays on
the coming summer and when once ne gets
into this fine mineral bearing range tne
world will hear more Of the Panamint district.
The Grass Valley Tidings says that
the sum of sS0,r00 has been offered Tor
the Lighter mine, which lies directly
under the town of Allegheny. in Sierra
County. Last year the property was
bonded for $4,000 to $4,000 by n. L.
Johnson from banning DIOtiSlS' oOhiA-
son is credited with having cleaned up
S26, 900 in a year.
Excavation Mt the South Bank mine
on Indian Creek. Calaveras County, has
been completed the distance of a mile.
YELLOW ASTER IS BOOMING.
The report Is in circulation that the
Yellow Aster mine in Kern County Will
add ITO stamps to it's present equipment.
making 800 in all. The Yellow Aster
has been prominently before the public
for some years. The Los Angeles Min
ing Review says:
The Yellow Aster now has two mills, one OF
thirty stamps, the other of 100 stamps
Through these mills there are put, every twen-
ty-four hours, some 500 tons of ORE In the
matter of equipment the Yellow Aster has no
equal in California. At the Golden Cross mine
in San Diego County they are supposed to
have 14o stamps, but the mills are old, obso-
lete Not one-haH of the stamps are now
kent In operation There is no other mine in
California that has more than 100 stamps
with the exception of the Utica with l6o
stamps: the Royal Consolidated mines, Inn
tied with 160 stamps. and the Melones mines
with 12O stamps At three other mines In
California 100 stamps are kept in operation
The yellow Aster will have the largest stamp
mill in the United States outside OF south Da-
kota and Alaska This will enable the COM
many to demolish their mountains OF ore al the
rate of from 1900 to 1400 tons OF ore a daS-