Los Angeles herald., 1905-12-11
COLD AND COPPER
IN NEW BONANZA
CALIFORNIA AND ARIZONA IN
CLOSE TOUCH
Big Fortunes in the Whipple Mountain
seotlon--saIe Of the Tlehtner
Mine-The Bonanza
King Group

"N SOiu anu copper district on the
Colorado river in the whipple noun
tains in San Bernardino county ana
across the river in Arizona is coming
10 the front very fast within the last
fortnight. 1t is only a short time since
u pegan to attract sufficient attention
70 be briefly mentioned In the news
papers, although The Herald got some
pointers and announced its coming a
year ago. Now, with the new rail-
rcad building right into the middle of
the district even before any of the
mines are fairly developed the coun-
Try is flling UP with prospectors, and
mining talk is largely Of the Colorado
river country.
The Santa Fe company will hnve the
road completed to the river within the
next two months, and then that sec.
tlon VIII have an unheard of prosperity,
ana Los Angeles will wake up to the
lact that she has within a few hours
or her the largest, richest and most
wonderful mining district of the south
west.
Bonanzas by the Score
There is not simply one bonanza
lnere, put there are scores of them
Most or the prominent owners have
Deeh Keeping mum for the purpose of
acquiring other interests before the real
character of the section should become
too well known. These people have
now begun to talk more, which indi-
Gates that they have satisfied their
present desires and are willing to let
others know what has been found
Some Of these parties have secured
large or controlling interests in at
least half dozen groups. 1t appears
1n
cat out of the bag Their recent
bonanza strike was heralded abroad
and has started a rush of miners for
the field. Hundreds Of pounds of the
ores have been shown in Los Angeles,
and 1t is asserted positively now that
the district in both magnitude and in
richness will eclipse both Goldfield and
Bullfrog.
Four Kinds of Ore
At least four different varieties of
ore, running above $4,000 per ton, are
shown, and it is said that there are
literally mountains of high grade ore
there. The entire district appears to
average above $40 per ton, any piece
of ore being rich enough to pan gold.
In addition to this phenomenal exhibit
of the Clara company it transpires that
the richness has been known before
and that the White Eagle company, the
Grand Central company, the Mount
Whipple company, the Colorado River
Gold and Copper company, the Klon
dixie company and the Copper Basin
company have the same identical ores.
Most Of these companies have limited
capital for working and have met with
but little success in interesting capi-
talists in their properties. They have
all persistently refused to consider
propositions of outright sale, and the
stories which they have quietly told
have not been believed 1t is now
pretty late in the day for opportunities
to get into any OF them on the ground
floor, for the completion of the rail-
road will enable them to work their
properties and ship the ores probably.
Only Bullion for Sale
A short time after the completion of
the road it VIII be interesting to see
people kicking themselves for declin-
ing to invest on terms that would have
paid them ten to a hundred fold. Such
is generally the experience in opening
q new field. The great experts turn
down bonanzas, and capital subse-
quently sheds tears over what might
have been,' while the quondam beg
carly prospector smiles on them from
his golden throne and blandly says the
the only stock he has for salc IL bullion.
Arizona Mining News
Kingman-It is reported that theI
Katherine mine. one of the properties
of the New Comstock Mining comp
pany, which has been under bond to
San Francisco capitalists, has been re-
leased, Much surprise is expressed
10 a a
is magnificent vein and was consid
cred to be one of the most promising
prospects in the Union Pass country. |
The property was taken under bond
the first of the year and equipped with
power drills and a gasoline hoist. A
shaft was sunk 200 feet in the vein and
some ore extracted. Several hundred
tons milled, however, from this de-
work showed an average
value of less than $3.50 per ton. While |
this may be the cause of their throw
ing up the bond, it is reported that
another fault was encountered on the
200 and the vein lost. 1t is stated on
good authority that the New Comstock
will begin Immediately the
sinking of the main shaft another 100
feet, and croSs-cuts run to find the
ledge which is believed to be to the
south of the present workings.
Inc IyrO group formerly unuer DOlu
to Burkhard Bros. of Los Angeles, is |
reported to be bonded to Mr.. Brock
man of Commonwealth fame. A tun-
mel is being driven to tap the vein at a
depth of one hundred feet and sinking
is being continued in the south shaft. |
Work on the Tragedy group is show
ing a fine ledge of good milling ore;
this is very promising prospect. The
blowing in of the Needles smelter
means renewed activity throughout
this great gold belt And the hills |
tributary to the river are booming a |
salute to the new industry.
Production of Gold
A report issued TO the geological sur
vey says the production of gold in the
United States during 1904 amounted
TO S,910,729 fine ounces. valued at $780,
i35,646. This represents an increase
Of $7243,948 over the production Of
1908.
The production of silver in 1904
to 55999,S64 fine ounces,
valued at $32. 035, 3S9. This repre-
'ents an increase of 1,699.S64 ounces
over the previous year.
Cripple Creek added nearly $1,000
10 Ar |