The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-15
ELDORADO CANYON
COMING TO FRONT
Senator Clark of Montana Said
to Be Largely Interested
There.
one OF THE BEST OF
NEVADA DISTRICTS
Ed. J. Roberts, Prominent Min
ing Man, Talks Of Con-
ditiOns.

"From recent transactions made in
Eldorado canyon properties, it is be-
licved by many mining men in south
ern Nevada that Senator W. A. Clark
Of Montana has either purchased out
night or obtained controlling interest
in the famous Wall Street, Quaker City
and Techaticup mines In that dis
trict,' said Ed J. Roberts, prominent
mining man Of southern Nevada, yes
terday to Tribune representative. Mr..
Roberts stated that Superintendent
Grace, who has been in charge of the
Wall Street mine for years, has been
removed, and this would Indicate that
owned the mine for long period, has
let 90 Of that fabulously rich property.
'fI have been East for the past six
weeks" continued Mr.. Roberts, con
mining and personal matters. Investors
in New York and Philadelphia arc
awakening to the fact that we have
some fine mining property in, Nevada
heavily interested out here.
81 have kept in close touch with aP-
fairs at Searchlight and Eldorado can
yon during my absence. Everybody
down there is preparing for big boom
this fall, Numerous rich strikes have
been made lately, especially in the Du-
ple5 mine, owned by John Brockman,
and for which he paid $25o,O0o. Real
estate is on the boom, syndicate Of
renl estate men from Los Angeles hav
Ing secured the Ormond tract of land
on the north side of Searchlight, which
they will divide into lots and improve
for building.
Most Promising Districts.
f'But in my estimation the most
promising and valuable districts in that
section are those of Eldorado canyon
and Mob hill The properties show
ing up the best in those districts are
Blackhawk, TO say nothing of the rich
finds which prospectors are turning up
every day. That section has q ro-
mantle history. 1t was discovered by
the Mormons in the so and they took
out Of what is now the Eldorado-Ne
vada, ore that ran as high as $4,000
per ton. The conditions were such that
these Argonauts could not handle ore
with profit that did not run up to
fabulous figure. They sapped the mine
of all the richest rock and then aban-
doned it. The Eldora do Nevada is now
down to the sulphide zone and is i'll
an ore body that will run from six to
eight feet WIDE and average $37 per
ton, A ledge can be traced on the
surface for 6000 feet.
Senator Clark IS now surveying 4
railroad line from Las Vegas to Ell.
dorado canyon, which lends additional
strength to the belief that he has
bought heavily in that district, and
when this line is opened, the properties
there will be able to develop in way
that will place them in the lead Of
any mines in southern Nevada, In
fact, it has long been known among
those posted In mining matters that Ell
dorado canyon and Mob hill have re-
markabIy rich deposits Of gold and sill.
yer, and the reason Of their slow devel-
opment has been on account Of poor
transportation facilities.
Bona Eide Sales.
"There have been more bona fide
sales and leases of mines in these dis
tricts than in any other part of south
ern Nevada. Capitalists like Senator
Clark and Charles NJ Schwab are
quietly buying up proven mines there,
and they are being followed by others
who will begin development work this
fall on grand scale.
THAT country is literally honey
combed with rich mineral deposits, and
1t Is a common occurrence to find
ledges that will run from SIG up per
ton, right on the surface A number of
expensive improvements are being add
ed TO the mines there, especially on
the Blackhawk and Eldorado- Nevada.
where mills are being erected to treat
the rich ores now being taken out.''