Los Angeles herald., 1906-07-16

& Howe of Searchight, whose property
adioins the Stoner claims on the east
The bonded property consists Of four
claims about two miles southeast Of
the Techaticup mine The ledge Is OF
silver. carrying remarkably high val
ues. Five feet shows an assay value
of $50 ounces per ton In silver and S1l
per ton in gold Splendid specimens
of pure horn silver are found all along
the outcrop of the vein, which is very
bold for 500 feet
Mr.. Mcknight is also closely inspect
ing some good properties in the Soda
Lake district with a view to bonding
or purcha sing He Is OF the opinion
that Searchlight and the outlying
camps offer a better opportunity for
investment than any other mining dis
trict In the west, and MIR. Schwab's
large interests in this section will go
far toward enhancing the values Of
many properties as 1t Is a guarantee
that good, practical mining will be
done on a large scale and the merits
of many mines proved and estab-
lished.
Nuggets OF News
The Little FL Dorado Canyon Min
ing company in Nevada are making
preparations to erect a custom mill
upon their property in the fall The
company own the mill site and have
plenty of water to run a 0-stamp mill
in addition. Their mill site is at the
Junction of the roads from Searchlight,
Colorado river Nelson and Mob Hill
The development work on the COM
panys holdings will be renewed by
superintendent William Kennedy in a
short time. The showings so far are
very promising, and a shaft will be
sunk to water level at once.
A trial shipment of ore will be made
from the Eagle Group mine in FL Do
rado canyon by Superintendent Thos
Gahagan very shortly This is the
property that was bonded by eastern
capitalists upon the advice of Mr.. Ga
hagan and his predictions are bearing
fruit, inasmuch as shipping ore has
been uncovered at a depth of forty
feet.
1t is absurd to base calculations Of
profits to be derived from a mining
on exceptional, extraordi-
narily low records of mining and mill
ing costs. Before capitalizing new en-
terprises local conditions should be
thoroughly studied and estimates of
costs made on a liberal basi with a
large factor of safety" to meet in
calcula BILE contingencies.
On enormous amount of timber is
used annually in the mines of this
some of the large mines in
northern Michigan sinking more tim
Der than is done In any other place
in the world. The Calumet and Hecla
copper mine alone consumes no less
than 90.000,000 feet of lumber year
The Greene Consolidated Copper COM
pany of Sananea, Sonora, Mexico, uses
40,0 900 feet annually.
John Coffee Pot, the name by which
To-, i- oe
the men who has already cleaned up
a bank roll in East Gate. near Fair
view. the new mining camp in Nevada
Coffee Pot and the three Maestretti
brothers located a large number of
claims at East Gate the Piute having
been srubstaked by the Maestretti
boys. The claims have turned out to
be very valuable. One of them was
sold in part by the four owners for
$4,000. and other claims were disposed
Of entirely. The entire amount the
Indian got for his share in the group
IF claims is $4,000.
The Indian has been a well-known
on the deserts of Nevada
for years, but UP to the East Gate
find eked out a bare living and spent
much of his time on the Pyramid
reservation. He stands his prosperity
we'll does not drink, though he occa-
sionally shows his mining tendencies
by plunging at the faro tables of Fair
view.
A gold brick estimated to be work
$4,000 was brought to Weaverville
Cal. by George Chapman n from the
Chapman mine near junction City
This is one of the largest bricks ever
taken from the mine in the same length
Of time. This brick is the product of
the second cleanup for the season, and
only a partial cleanup at that. The
mine is owned by George and Ernest
Chapman, brothers. They are assured
Of very profitable seasons run, as
the mine is operated at small expense.
Hotel del Coronado always pleases.