Los Angeles herald., 1905-08-07
GOLD DISCOVERIES
In MANY DISTRICTS

already increasing prosperity or the
Cherry Creek district.
Richer Than Rockefeller
Epes Randolph, after a thorough in
vestlgation, personally, and backed by
the opinion of the best mining experts
in the country, has reason to believe
that he will be richer man than John
d. Rockefeller in a year or two.
It is a gold mine that is to work this
good luck, a mine in which there is no
stock for Bale, for what little money
is needed for water and machinery has
been subscribed by personal friends of
Mr.. Randolph. The mine is in Altar
district Sonora, Mexico. Something
like 27O acres have been proved by
prospecting shafts and they show at
the most conservative estimates si5,-
100000 and upwards. Those who best
know the land think there will be over
$1OO,OO0,0O0 taken from this area.
Mr.. Randolph, l.. Lindsay and Fl. s.
Mckay have between them 24O acres
Of the land. which is all supposed to be
equally rich, but which has not been
proved. This acreage Is owned by a
close corporation consisting Of the three
gentlemen named.
Bought Three Mines
Negotiations for the purchase of three
mines in the Etzatlan district of Jalisco
Mexico, involving investments aggre.
eating S55,000 have been closed. The
purchasers are Los Angeles men.
DIR. M. N. Graves and associates pur-
chased the Magistral and Eden mines
adjacent to the famous Santo Domingo
mine. r.. G. P. Smith and associates
who some time ago acquired the Re-
fugio mine in the Etzatlan district
purchased the Carta Blanca mine
located a short distance from Etzatlan
Among the associates of DR.. Graves are
]. r. Giles and ]. j.. Mann. Mr.. Mann
is also interested with Mr.. Smith in the
purchase of the Carta Blanca. He Is
responsible for the Los Angeles men
becoming interested in the Etzatlar
district. w. M. Mathews, the Etzatlan
mining man, was connected with the
negotiations.
Million Dollar Purchase
What promises to be the biggest min
ing venture in the history of San Diego
county, says the Sun, was launched
last week, through the purchase OF
valuable mining lands by Los Angeles
parties.
The news is in brief that some lead
ing mining and business men of Los
Angeles have purchased from C. O.
McCarroll of Mesa Grande his tourma-
line property near that place. consist
ing of GOA acres. This holding ad-
joins the Tannenbaum property of
eighty acres, and is also near that held
by the San Diego Tourmaline COM
pany.
In an interview Mr.. McCarroll stated
that 1t is the purpose of the men who
have acquired the property to incorpo-
rate a company to develop the tourma-
line lands, with a capitalization of ST.
100000. The company will be incorpo-
rated in Arizona in short time.
The Los Angeles men interested will
insure ample financial backing for the
company, and a large mining camp
with substantial buildings will be
formed. Large orders for tourmaline
have already been received from sew
eral parties. Mr.. McCarroll will return
to Mesa Grande in few days to take
up the work of field manager. 1t is
expected that the company will employ
large force Of men.
Aside from the principal work of ex-
tracing the tourmaline, it is proposed
to deal extensively in the by-products
of the lepodolite rock, and it is expected
that valuable results will be obtained
When organized the new corporation
will be called the Mesa Grande Tour
maline and Gem company. The propo-
sition undoubtedly means much in the
development of the mining district OF
this county.
Bradshaw Mines Working
With the beginning of the rainy sea-
son in the Bradshaw mining section III
Arizona there is also noticeable increas-
ing activity among the various mining
camps, due to the assurance of all
abundance Of water for all mining and
milling purposes throughout the re,
mainder of the year.
A force of men was put to work re-
Gently on the old Bradshaw mine, near
Val Verde. The force consists of fort,
men at present, but will be increased
soon to seventy-fve or 100 men. Ar
air compressor and four drills have beer
installed in order to hasten the de-
velopment of the property. The ore
taken out will be hauled to Val Verde
and stored in bins until the new Val
Verde smelter has been completed, when
it will be treated as rapidly as possible
The property is in the hands of the
Arizona Exploitation company. OF
which G. c. Burger. an experienced
MINING man is penera1 mana GER