Los Angeles herald., 1905-07-17
GOOD PROPERTIES ARE
SLATED FOR OPENING

uncovering of some splendid lodges Of
copper ore for which the company has
been drifting for many months. Cap
ital is said to be examining the Ven
ture HILL and should the new ore bod
les prove permanent reports go further
in asserting that bond may be taken
on the group and a smelter installed.
Good Dividend Declared
oliver P. Posey and his associates of
Los Angeles have mailed checks for the
May dividend paid by the Good Roads
company. This dividend was a large
sum as the mine is now reported
yielding about 100000 a month. The
exact dividend was $4,000. This is The
largest dividend the company has paid
and establishes the richness of the new
ore bodies and the better method Of
treatment. The mine has been open
ing wonderfully on the 600 foot level
ard It Is believed that It will be one of
the greatest mines in the United States.
The body of ore cut by the crosscut Is
forty feet in width ard the statement
Is trade that the ore carries milling
values all the way across. That there
is such ore the dividends that the COM
pany has been paying attest.
New Plant Installed
The Mount Gains Mining company,
controlled principally by Los Angeles
capital, and of which w. T. Carter is
the secretary, has installed a milling
plant and concentrator. The property
is favorahly located in Mariposa coun-
ty, Northern California, and has ever
borne a splendid reputation. The new
plant comprises a new Huntington mill
of thirty tons capacity. This with it's
Huntington mill now in operation will
give the company a daily capacity ~
forty tons. The company is also in
stalling (. Findley concentrator of 500
tors capacity to tteat The one hundred
thousand tons of failing on the prop
erty.
Desert Queen Prospects
John J. Wyatt of Los Angeles, man
ager of the Desert Queen company
mines at Quartzite in Yuma county,
Ariz., speaks encouragingly of the pros
poets of the property that consists of
two groups of eleven claims each. The
machinery is equipped with a forty
horsepower gasoline engine, air COM
pressor and power drills. Development
t., &c,
covering ore lodges that are large, the
ore of high grade, giving mill returns
of 60 per cent copper, ounces of gold
and 120 ounces OF silver. There is a
second grade ore which returns show
10 per cent copper, S12 in gold and %
ounces in silver. The company is COM
posed principally of Chicago and In
diana capitalists and Manager Wyatt
is mining man of extensive experience
gained in the Cripple Creek and Clear
Creek districts of Colorado. Workings
on both properties consist of big cross
cut tunnels cutting the ore ledges at q
depth of from 300 to 500 feet and of
from 300 to 500 feet of drifting on veins.
This fall the company expects to erect
a sixty-ton smelter to begin with and
sixty-ton units will be added as fast
as the ground can be opened.
Ten Stamp Mill Planned
The plans for ten-stamp mill at the
Buckeye mine in Willow valley district,
near Nevada City, Cal, have been COM
pleted, and within short time the
the stamps may be dropping before
fall. The plans contemplate a very
complete and thoroughly up-to-date
plant with the most modern appliances
for gold saving. The showing made by
the ore bodies that have been de-
veloped up to this time fully warrants
the erection of a mill. The company
has been doing it's work underground
in quiet way until now the officers are
confident that the future of the prop
erty is assured. At present develop
ment work is being pushed on a new
vein recently discovered in the tunnel
ludl llldhCo cttl SiSOulu6ii6 oiiO w ~ .
and the management believes that ii
will prove of permanent value.
Stamps Fall Regularly
At the Home mine on Deer creek, be-
low Nevada City, ninety-five men are
employed on the property and thirty
five stamps are steadily dropping on
good ore. Two shifts of men are en-
gagged in reopening the Gluyas shaft,
which was sunk some forty years ago,
producing a quantity of very rich
quartz that was one winter day filled
up by a food from Deer creek. The
rush of waters carried away the over
shot wheel and the crude hosting and
pumping rig that it operated. and when
the storm was over the mouth of the
shaft was buried under twenty feet of
slickens. The plant recently put on the
shaft consists of boiler, skip and
ejector.
Profits Million Dollars
nra1in1inarv estimate Of the earn