The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1906-08-17
Money i'm Plenty for MAN.
katO People.
THE $40" PLACER COMPANY
Job Evans Has Had Practical Exper
fence In Mining, Has Been in
West Many Years.
From Fridays Daily.

FrDm Fridays Daily
Job Evans, an old Mankato boy, and
son of ID. c.. Evans, one of the pioneers
of the county, is in the city in the in
terest of the 10" Gold Placer Mining
company, of which he is manager. His
brother, Tom, is secretary and treasurer
of the company, and thirty or forty
of the stock holders are Mankato peo-
pie.
The company's mine is located at
Flat. California, and is in historic coun-
try 1t is located in Calavaras county,
within sight of Table mountain, which
Bret Hart made famous through the
stories of Truthful James of Table
mountain Mark Twain's "The Jumping
Frog was also located at Angels
camp, only seven miles away from
Douglas Flat.
The company has lao acres of ground
that is said to be rich in gold. In fact,
less than four acres of this ground pro-
duced some years ago 100000 in gold.
This, like other territory in California,
is now being worked with new pro-
cesses that will take out gold in paying
quantities where formerly it could not
be taken out at ALL While developing
the mine, the new company has already
taken out $4,000 worth of gold. 1t is
hoped this fall to have the mine develop
ed sufficiently TO begin taking out gold
in large quantities.
Samples of the black sand taken from
the mine were sent to the United States
geological survey, which has been in
vcstigating the possibilities of black
sand for platinum, and it was examined
at the Portland exposition and found to
yield thirty-nine ounces of gold or $7S5
to the ton, and about third of an ounce
of platinum, which is worth $23 an
ounce.
In placer mining heretofore the free
gold was taken out, but the black sand
was never saved. This is rich in gold
but must be sent to smelter. Mr..
Evans states that the probabilities are
that the entire gold fields of California
will be gone over for the purpose of get
ting the black sand.
For the purpose of further developing
the mine, and for installing process for
saving the black sand, the company is
placing an issue of preferred stock on
the market at fifty cents a share. This
is to be redeemed in full out of the first
earnings of the company, and in return
for the use of the money the subscribers
are to receive common stock in the COM
pany, which will share in all dividends.
A. c. Hockey has been selected as local
representative of the company to assist
in this.
The company has an inexhaustible sup
ply of water under 400 feet head, Civ
ing pressure of l65 pounds to the
square inch 1t has mile of II inch
pipe line The water is used to wash out
the gravel, and power for hosting and
pumping. There is sufficient gold in the
free state to make the mine pay well,
in Mr. Evans opinion, but if the black
sand can be utelized for further profit
it will be still better paying venture.
The outlook is very bright.
Mr.. Evans has had twenty one years
experience as practical miner. He liv-
ed in New Mexico for twelve years, and
in Arizona a year and a half and has
now lived in California for nine years.
He has been at Douglas Flat for four
years. What he does not know about
mining is not worth knowing, and as he
is a gentleman of the strictest integrity
his statements may be relied upon.