Los Angeles herald., 1905-04-24


invested by Angelenos in mining en-
terprises, and among mining men It
is a subject of remark that period Of
velvet" has arrived for many who
invested judiciously.
In Oaxaca, Mexico, the Maricopa
mine, owned by Charles Fuos and his
brother, has been bonded to Los An
geles capitalists. The property has a
nlne-foot vein of ore averaging $65 per
ton and ten inches Of the vein assays
$500 a ton.
OF the Evangelna Copper Mining
company of Los Angeles, D. r. Wilder
of this city Is general manager. The
company is operating in San Julio
canyon near Port Canvas, on the
Pacific coast of Lower California, in
the Santa Catarina mining district, 23O
miles below Ensenada. II Is the in
tention to build 50-ton smelter.
The Tennessee and California Gold
Mining company is operating a group
Of claims at Indian gulch, near Mt.
Bullion, California. The company Is
Los Angeles corporation, OF which
Sam l.. Brown, well known locally, is
the manager. Mr.. Brown is now pre-
| pairing to do extensive development
work on the property, and as soon as
the machinery for hoist and quartz
mill arrive and is put in place a force
of men will be employed The main
shaft, which is now down to a depth
Of over 200 feet, will be continued,
and drifts run on the vein every 200
feet The company has good milling
ore in sight, of sufficient quantity to
warrant the outlay of considerable
capital in building hoist and quartz
mill.
Will Operate Mines
At Weaverville, in Trinity county,
articles of incorporation of the Boulder
Consolidated Gold Mines company were
filed in the county clerks office. The
company is incorporated under the
laws of the state of California and it's
purpose is to acquire, operate and sell
mines of all kinds and everything in
cidental to mines.
The principal place Of business is
|
Los Angeles and the directors are ]. c.
Carruth, Albert Miller, Fred L. Pres
brey, F. j. Whiffen and H. T. Gordon.
The amount of the capital stock is
5000 900 of the par value of 81 share.
The company will operate the Boul-
der mines in the northern part of
Trinity county.
Clio Mine Bonded
Near Jacksonville, Sonora county,
Cal Henry Malmgren of Los Angeles
has bonded the Clio quartz mine and
mill site for $55,000 The agreement
of sale Is dated January 81, 1905, and
the final payment Is to be made twen-
ty-six months from that date in in
stallments as follows: $4,000 within
fourteen months from date; $4,000
within twenty months from date and
the balance of $4,000 within twenty
six months. The purchaser is to pay
to the Clio company % per cent of the
gross proceeds of all ore extracted
and milled, to apply on the pur-
chase price.
The purchaser, after testing the
ores for a period not exceeding sixty
days, will commence to operate the
mine and expend in improvements $lo,-
900 and also pay the present attach
ment of $59S.62.
Work at Julian
The most important work at Julian,
,fu tc
the Los Angeles Mining company,
which is operating several of the most
important mines in that district. The
company is running tunnel on the
Warlock, and is now in 800 feet, at
which point a blind ledge fourteen
feet wide, averaging $12 per ton in
gold, has been cut. This Is about 500
feet below the surface. The same
company is also running tunnel on
the Chapperal mine, and, when SOC
feet wide and also giving an average
value of $12 was cut.
The company is also sinking a new
shaft on the High Peak, which is now
down 14O feet. At the 10O-foot level a
blind lead was encountered. The COM
pany Is sinking a new shaft on the
Helveta that is down $50 feet and with
ten men at work.
There is a ten-stamp mill on the
property. The company also has a ten
stamp mill at the High Peak, though
it is not yet in commission, but will
soon be ready to commence crushing
Placer Field Work
DR.. Fred Rowland of Maine and
Sleeve Fink, a Los Angeles hydraulic
mining engineer and a party of eastern
capitalists and experts have sailed from
Guaymas by boat Tor the great placer
gold fields in Lower California, owned
by C. Ramirez. the Nogales, Sonora
customs broker. 1t Is said DR.. How
lands party will purchase Ramirez
interest in the property and imme-
diately commence operations on nam
moth scale. Steamers owned by the
new company will run between Sal
Francisco and the port nearest to the