Los Angeles herald., 1905-05-29
NEW GOLD FIELDS
ARE CONTRIBUTORS

that company has risen from 81 per
share a year ago to SO and 81 per share
at present Haggin, Hearst and Tevis
was the first name of the company that
was responsible for the rise of the
Butte, Montana, mines. Hearst is now
dead but his interests in various prop
critics is held by William Hearst. Mr..
Haggin has investments in various
parts Of the United states and of recent
years has evinced n determination to
enter the Mexican mining field. His
purchase of stock in the Guanajuato
Consolidated is said to he the first real
ly large operation which he has con-
Quoted since extending his mining in
terests to this side of the Rio Grande.
Posey Bonds Copper Mines
The eastern country on Tule river Is
destined to become one of the largest
copper districts in the United States,
and it will not be long before the fact
Is proved, as the claims owned by the
Powells of Hanford have been bonded,
says the Porterville Enterprise, by par
ties who are experienced in the mining
business and who are already inter-
ested in Arizona and other places.
S. Fink, G.. M. Shannon, w. T. Climo
and O. 2. Posey arrived in Porterville
from Los Angeles, to view the copper
claim bonded by S. Fink, with a view
of very likely going in with him in the
development and prospecting work
which he intends to undertake. The
weather put a bar on investigation, as
they found the ground covered with
six inches of snow, and there not being
any available accommodation for man
or beast, they decided to return and
pay visit to the mines later.
s. Fink however who has the bond,
will use all the time he has to the best
advantage, and intends returning here
in about ten days and starting in at
once to see what is in the mine. Ac-
cording to the groupings and the sur
face indica tions, he feels fully con-
vinced from this outlook that there
should be an abundance of copper, but
| as Mr.. Fink says. you can't tell what's
underneath until you find out, and it
will not take me long to do that.
What development work has been done
by the Powells has been done in the
wrong place and does not show up
what there is underneath. I'll be back
in about three weeks with my partner,
Fred Holland of Boston, and We'll use
diamond drills They are the only
things to get down into the ground
quickly and see what's there. Well
run them with electric power, using a
fifteen-horse power dynamo. Well put
in our own plant for that if we do any
thing There is every requisite for
power; in fact, 1 don't think there is a
mine in the world that has finer facili-
| ties for working. 1t is ideal. The
water is great, and if we only had 1t
( in Arizona we'd be in it. Well pros
pect five or six claims with the drills.
| The holes will be about eight inches
and Well go down about 300 feet. AS
we go down we prospect the rock as 1t
: is brought up, the same as you do in
boring for oil, and that way we can
find out what there is underneath"
In Yreka Creek
Work is progressing gradually in con-
struction of the new dredger in Yreka
creek, at the Foster place, about one
/ mile north of Yreka. The pit has been
completed in which the dredger is to
be built, and water will be turned in
for floating when the hull is ready.
About $4,000 feet of lumber has already
been received at the Yreka railroad
depot from Portland, and is being
hauled to the ground by E. j. McNulty'
| to whom the teaming contract was
awarded. Some twenty-five carpenters
and assistants are employed in building
/ the boat, but a portion of the lumber
! first required has not yet arrived
which delays the work to some extent
Part of the machinery has also arrived
and will .be sorted out and put together
as much as possible for readiness to
place in the boat. The machinery will
be operated by electric power, and it is
! said will cost only about $50 a mouth
which is a great saving under the cost
of wood and extra hands required in
using firewood and steam power.
/ The Harris Brothers and Bassford
have bonded the Taylor creek mine on
! Salmon mountain to a man from be-
low named Frank C. Perew, represent
ing company, for the sum of 100000
This is an exceedingly rich mine and
] turns out not less than 500 ton quartz
on the average, besides pockets of i'm
mense value, containing as much gold
as quartz, to yield thousands of dol
lars to the ton.
Specimens of quartz from the Golden
Eagle mine at Indian creek show that
the' ledge is exceedingly rich, with q
wide vein, giving promise of proving
one of the best paying claims in Sis
kiyou. Gold is plainly visible to the
naked eye in large spots and bunches
the quartz being of milky white color
in which the bright yellow metal af-
fords a brilliant setting.
yellow Aster News
| The yellow Aster company has its