Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-09-15
LARGEST PLACER
FIELD IN WORLD
WYOMING SAID TO HAVE FIVE
THOUSAND ACRES or RICH
GROUND.


Placer ground covering approx
mately $4,000 acres. the largest
placer mine ever discovered and OPP
Grated by a single concern, has been
located and acquired by the Green
ough brothers and their associates.
The mine is in Fremont county,
Wyoming. twenty-five miles from
the railroad at Lander, in what Is
known as the Red Canyon district.
| For more than year engineers in
the employ OF the Greenough broth
ers have been on the property max
ing Investigations as to its richness
before being taken over by the com
pany, recently organized with cap
ital OF SIS, 100000 In IS shares to
operate 1t. The ground was pur-
chased In small piece lots from the
individual owners, who located It for
grazing purposes. To cut of the eff
forts of miners to secure property
in the boom which will probably fol-
low when the richness OF the dis
trict is known, lands on both sides
Of the Little Popo Agile river have
been purchased During the past
two years the company has spent
over 100000 In prospecting alone.
On the 5000 acres which have been
tested for gold no barren ground has
been found.
Wilbur d. Greenough. vice presi-
dent of the Red Canyon company,
the new organization. who has re-
turned from a forty-ffve-day visit to
the district. when seen yesterday re-
garding the newly acquired placer
properties said:
1--WE have been contemplating
taking over the Red Canyon proper
ties for several months. but have
been awaiting the report OF engi-
neers who have been making investi-
cations. We have recently received
a report from w. f. Edwards of
SpoRene, the mining engineer who
built the leecaing plant on the snow
storm, which is now In successful op-
Grafton. On the 5000 acres which
gave stood inspection ana invest!ga-
ton not g yard of ground has been
found without pay dirt. an average
Of $1.o4 to the yard has been al
ready taken out. Wells and shafts
have been sunk to ascertain the true
worth of the property, Assuming
that 1t will. cost 10 cents a yard to
mine the gold and that only rs per
cent OF the values can be saved, q
profit of s246.S4O. 900 may be stated
as a safe net profit from the 5000
acres.
AS yet the property Is undevelop-
ed: we have 100 men at work In the
district with ploys,s picks. shovels
end placer apparatus. In order to
prepare for the installation OF the
hydraulic apparatus It win be neces-
sary to drive a S000-foot tnanel
through a mountain six miles from
the main placer ground to let water
on the property. Fifteen miles OF
combined ditch and iume are now
under construction. Water rights
have been SECURED from the state en-
gineer of Wyoming for the use Of
water In the Little Popo Agile river,
which from the middle Of April to
July flows. 10000 inches or $50 Gu
bic yards Of water per second.
During the coming winter we ex-
pect to spend approximately $780,
600 putting the property in proper
shape. AT the completion OF the
tunnel and fiume the development or
the mine win resolve itself into
common everyday placer proposition,
developed with the aid Of hydraulic
apparatus"
The company has for its officers
Thomas L. Greenough of Missoula,
president; Wilbur d. Greenough Of
Spokane, vice president and man
ager; J. B. Greenough Of Spokane,
secretary and treasurer. Directors
OF the company include the of,cers,
together with /. T. Hesey. q brother
inllaw Of the Greenoughs, Of Pnoe-
nix. Arizona; w. r. Edwards Of
Spokane. J. H. Howard OF Phoenix
and Stanley A. Easton. soh-in-law
OF Thomas L. Greenough. and man
ager of the Bunker HfIl and Sullivan
mine at Wardner. idaho. Lander
correspondence Of Salt Lake Herald.
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