The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-08
RICH PLACERS
TO Be WORKED
Corporation Worth S25, 000,-
600 Capital to Operate
$4,000 Acres of Gravel.
AVERAGE OF $1.04 A YARD
DEPOSITS ARE LOCATED IN FIRE.
MONT COUNTY, WYOMING.
(special to The Herald'l

Lander, Wyo., Sept. Placer ground
covering approximately 1900 acres, the
largest placer mine ever discovered and
operated by a single concern, has been
located and acquired by the Greenough
brothers and their associates. The mine
is in Fremont county, twenty-five miles
from the railroad at Lander. in what is
known as the Red Canyon district.
For more than a year engineers in the
employ of the Greenough brothers have
been on the property making investiga-
tons as to its richness before being ia
ken over by the company, recently or
gained with a capital of S25,000,OO0 in 50
shares to operate it. The ground was
purchased in small piece lots from the
individual owners who located it for
grazing purposes. To cut off the efforts
OF miners to secure property in the boom
which will probably follow when the
richness of the district is known, lands
on both sides of the Little Popo Agie riv-
er have been purchased. During the past
two years the company has spent over
100000 in prospecting alone. On the 5,OOO
acres which have been tested for gold no
barren ground has been found.
Wilbur d. Greenough, vice president OF
the Red Canyon company, the new or
ganization. who has returned from a
forty-five day visit to the district, when
seen yesterday regarding the newly ac-
quired placer properties, SAID:
Gravel Contains Millions.
I'VE have been contemplating taking
over the Red Canyon properties for sew
eral months. but have been awaiting the
reports of engineers who have been max
ing investigations. We have recently re
ceived a report from W. z. Edwards OF
Spokane, the mining engineer who bulit
the teaching plant on the Snowstorm,
the 1000 acres which have stood insPec-
ton and investigations, not a yard OF
ground has been found without pay dirt
an average of S1.O4 to the yard has been
already taken out. Wells and shafts have
been sunk to ascertain the true worth OF
the property. Assuming that it will cost
10 cents per yard to mine the gold ana
that only 70 per cent of the values can De
saved a profit of $685. $4,000 may be stated
as a safe net profit from the 1903 acres.
Big Operations Planned.
LAS yet the property is undeveloped;
we have 100 men at work in the district
with plows, pans picks. shovels and pla-
Ger apparatus. In order to prepare
for the installation of the hydraulic ap-
paratus it will be necessary to drive
3,Oo0-foot tunnel through a mountain SIX
miles from the main placer ground 10 lei
water on the property. Fifteen miles OF
combined ditch and flume are now under
construction. Water rights have Deeh
secured from the state engineer from
wyoming for the use of water in the Lit
tie Popo Agie river, which from the MID
die of April to July flows 10000 inches or
$50 cubic yards of water per second
During the coming winter we expect
TO spend approximately 100000 putting
the property in proper shape. At the
completion of the tunnel and fiuine the
DEVELOPMENT of the mine Will resolve II
self into a common everyday placer pro
position. developed with the aid Of ny
draulic apparatus"
The company has for its officers Thom-
as L. Greenoush of MISSOURI, presluei.it
Wilbur D. Greenough of Spokane, vice
president and manager; j. B. GreenouSh
of Spokane, secretary and treasurer d.
rectors of the company, including the OF
ficere are | T. Hesey, a brother-in-law
of the Greenoughs of Phoenix, Ariz; w:
F. Edwards of Spokane, j. II. Reward OF
Phoenix, Ariz., and Stanley a Easton, a
son-in-law of Tom L. GIeehough, anu
manager of the Bunker Hill and Sullivan
mine at Wardner. Ida.