Los Angeles herald., 1907-10-14

property outright soon, as some interested
parties are expected in next week.
The Stillwagon mine, five miles south
from Grizzly fiat, in Ell Dorado county,
has been sold to an Oakland company
and within the next month will be in op-
Grafton.
This important transaction puts in op-
Grafton a mine of six claims which has
been idle for two years past. There is a
1ve-stamp mill on the property, an elec-
trio light plant and the company also
owns it's own water right. The company,
it is reported, paid $4,000 for the prop
erty and has ample capital to work the
mine 1t is known that Saltwater, the
original owner made fortune out of
this mine years ago, and the new com
pany, no doubt, will duplicate the his
tory, only on a larger scale.
In addition to this transaction 1T is re-
ported that arrangements have been
made to open up the Larkin mine of the
Diamond district, three miles from
Placerville. This property also will be-
gin operations in the near future.
In Butte County
A great deal of active work is being
done on mining properties throughout
Butte county. On the Mammoth Chan
mel forty-two feet of the three-compart-
ment shaft has been sunk and 240s feet of
the drainage tunnel Fully 5000 feet OF
four-inch iron pipe is on the ground and
will be laid in the camp in order to sup
ply the camp with water. 1t will also
furnish the power by which the ma
chinery. including the, sawmill, willSbe
operated. AT Che Skyhigh mine seven
men are at work blocking out the ground
that will be worked in the spring. The
Cash Entry mine, owned by N. A. Har-
ris, Is employing about six men. Ward
and Norris are employing five men at
their mine near Skyhigh.
A new mineral discovery has been
made in the Remington hill district.
Robert c.. Treanor, who was employed
in erecting the pole line from the Deer
creek power house to the power house
at Alta, Placer county, has uncovered
quartz ledge which prospects we'll and
ASSAYS about SO to the ton. He has
filed a location and named the claim
the steep Hollow, and will have it pros
pected, believing there is a good oppor-
tunity for opening up good piece oi
property. There is another ledge In
| the same vicinity, located by Hugh
Craney the mining operator who Is
now in the state of Nevada.
The regular quarterly dividend of the
North Star Mines company, amounting
to $4,000, is being paid. The prop
erty is located at Grass Valley. This
means that 20 cents per share is being
| paid the holders of stock in the COM
| pany. There are a number of large
holders of stock in this city and the
checks are being received by them from
New York city. 1t is understood thai
the property is in excellent condition
and the output bids fair to make possi-
BILE the continuance of the quarterly
dividend for some years.
| Eastern men have been large invest
ors in Siskiyou mining property lately
The Mabel group of quartz mines has
been bonded to Englishmen by the
Chase brothers of Greenview c. e
Wood OF Denver has bond on the
| Swastika placer mine in China gulch ir
the Salmon mountains. Men from Ar
kansas have taken in the old fair asso'
| citation grounds a mile south of this
city to mine as deep gravel PROPOSE.
tion. Graves & Scott have taken {
bond on the Boyle quartz mine OF
Hamburg creek and the Jumbo mine IL
owned by an eastern company.
Good reports continue to be made OF
the Sunny Side mines, property owned
by Riverside people and supposed.
very rich in placer gold. The Sunny
Side mine Is In El Dorado county, few
miles from Placeryille, on an old rivei
bed. The best gold producing mines II
the world have been discovered OF
/ abandoned river beds. In the case o.
the Sunny Side property 1t lies on thu
ancient river bed and pans out som,