Los Angeles herald., 1906-06-04
COLD CAMP NEWS
ON PACIFIC COAST
CYRUS NOBLE MINE NOW ON
DIVIDEND BASIS
Purchase Of Group Of Mines by Los
Angeles apitalIst--New Town
Near BaIskIsva Copper
Property-Nuggets

The Cyrus Noble, one Of the best OF
Searchlight producing mines In Ne
vada, after expending q large sum Of
money on development work and equip
ment, has placed itself on a dividend
paying basis Searchlight mines re-
quire the investment of considerable
capital before they can be called pro-
ducers, and the Cyrus Noble is no ex-
ception. 1t took the great Quartette
six years of strenuous labor and the
investment of hundreds of thousands
Of dollars before It was made one Of
the greatest, IL not the greatest, gold
mine in the southwestern United
States. However, when a mine in
Searchlight is fully developed and
placed in a position to have its ore
milled continuously and its stamps
dropping on the yellow metal, dividends
are as regular as the cutting off of
coupons from government bonds.
Under the direction of General Man
ager j. j. Prendergast the Cyrus Noble
has succeeded with two years of active
Development work in demonstrating to
the mining world that a Searchlight
mine can be made to pay with q COM
paratively small proportion of the ex-
pense of mining that has heretofore
been found necessary. The mine Is
equipped with new ten stamp mill
crushing thlrty-fve tons of ore daily,
a 40-horse power gasoline hoist and
splendid office and residence buildings.
The main working shaft is down $40
feet and about 5000 feet of cross-cuts
and drifts have been run blocking out
sufficient ore to keep the mill in opera
tion for several years.
new innovation will be introduced
into the Searchlight district, likewise
the entire state of Nevada, by new
company organizing under the name of
the "Searchlight Consolidated Mines,
Ltd" which is to pattern after the old
English Venture companies, with a
capitalization of 100000 shares, par
value 81, of which four million shares
have been placed in the treasury. The
company has acquired twenty claims
in the northern end of the district and
are preparing for extensive develop
ments, which is made apparent by the
fact that two gasoline hoists, 25 and
10 horse power respectively, will be in
stalled Immediately Ogilby Woods
has been selected as the superintendent,
and will have charge of the company's s
entire workings.
Summit Springs and Sunrise
The districts east of Searchlight are
row teeming with activity and reports
from Summit Springs are to the effect
that ore running from $40 to $40 is
being blocked out on the main prop
erty of this section. The, numerous
groups of claims are being incorporated
and put In condition for immediate de-
velopment. At Sunrise several groups
of claims have been sold to Minnesota
and >Pittsburg capitalists, and the first
rush that was oceasioned to this dis
trict four months ago, when hundreds
Of claims were staked out, is now re-
sulting in a vast amount of money be-
ing expended in order to develop the
ground.
EI Dorado and Mob. Hill \
A large number of freight teams,
loaded down with supplies, are passing
through Searchlight en- route to El
Dorado and Mob HILL These districts
ties that commenced several months
ago, and by the time the railroad is
completed into Searchlight the FL
Dorado and Mob Hill district will have
enough ore of a shipping grade blocked
out to furnish the new railroad with
return freight for some time. as the
management of the various properties
state that they will hold all shipping
ore until the completion of the railroad
in order to save the additional freight
expense, which would amount to con-
siderable at the present time.
Bought Group of Mines
A mining deal, involving 100000 In
gold and five separate groups of min
ing claims in the Sunrise Mountain
mining district, was closed. last week.
the purchaser being H. e. Woods of
Los Angeles, who has bought of G. H
Mcclure and u. E. Marlborough Of
Needles the mining property in ques-
ton.
The groups involved are the Gold
Dollar. Iron Horse. Storm Cloud, Hid
den Treasure and Blue Bird, being the
cream of the mining properties in the
camp located twenty miles southwest
of Needles. Mcclure is practically the
discoverer of the district, as it was
his energy which brought about the
development of the first locations,
on Which he secured an option after an
old miner had held them for years.
Mr.. Mcclure won fortune and courage
in the Bullfrog district, and, selling out
there for $4,000, he went to Needles.
The day afteS his arrival he met an
old miner who had some ore samples to
show. He had displayed these same
month in and month out, and
had become a character about the town.
Mr.. Mcclure fancied the ore and visited
the claims. After one inspection of tAe
ground he took an option on the claims
for $780, giving the old miner $50 to
bind the deal.
On the third day Mr.. Mcclure had
several practical miners at work and
before the week was out the ore un-
covered was such as to spread excite
ment throughout the locality, and half
of Needles rushed to the new digglngs.
Mr.. Mcclure took a partner in the
person of Mr. Yarbrough, and three
weeks from the time Mr.. Mcclure paid
his $50 he had delivered to the miner
the remainder of the $2500. A few days
later he gave Mr.. Woods an option on
the property for the sum of 100000, and
1t is this option that was taken up by
Mr.. Woods.
Mr.. Mcclure Is not the only one who
has made a big stake out of the new
district. Several Needles men have
Jared well. one being a brakeman, for
merly employed by the Santa Fe, who
has cleaned up $4,000 from the sale of
a group of locations. Now he is in the
country. owner of several
copper claims, on which he
10 he IL,