Los Angeles herald., 1910-11-18
CAPITAL To COME west
FOR MINE INVESTMENT
Party of Colorado and Tennessee
Men viii Investigate Rich
PIacerS of La Paz

That eastern people are looking to
the mines of the southwest for invest
ment, a fact borne out by the stock
exchange and other financial institu-
tions, again received confirmation by
o. L. Grimsley, president of the New
La Pa5 Gold Mining company, upon
his return yesterday from a six weeks
trip through the eastern states in the
interest of his company. Mr.. Grimsley
said that people back east were al
ways anxious to question him and get
information about the mines and pros
poets out here and that in his opinion
additional capital would be forthcom-
ing this winter for the development OF
the more promising properties. He
said that the latter part of November
he would meet a party of probable IN
vestors from Colorado and Tennessee
and take them on a visit to his prop
| erty and other properties located in the
La Paz district, east Of the Colorado
river near Ehernburg.
Mr. Grimsley was met in Los An
geles by his superintendent, S. d.
Guernsey, who had just arrived here
from the property. Mr.. Guernsey said
an earthen reservoir that was started
last summer was now completed. 1t
is located on a hill near the New La
Paz placers and has capacity or
500 600 barrels The reservoir will be
connected with the Colorado river by
pipe line and a gas engine will be IN
stalled to raise the water. Gravity flow
from the reservoir will AFFORD ample
pressure for modern hydraulic mining
in the placers below.
COARSE GOLD IN GRAVEL
For some time the New La Paz peo-
pie have been driving prospect shafts
over the property to bedrock. THESE
shafts are from eight to twenty-five
feet in depth and the average estimate
of the gold recovered went So a cubic
ward. All the gold was coarse and, as
Mr.. Guernsey explained. it does not all
lie on bedrock but IS well mixed
through the gravel. He said no fake
gold had ever been found on the prop
erty or in the district. Several recent
strikes on bedrock went $zO anu oet-
ter a yard.
Mr.. Grimsley said that ample capi-
tal was now assured and that ma
chinery and other equipment for be-
ginning active operations would be on
the ground the early part OF next
year.
While blasting for the reservoir Mr..
Guernsey saws his men were attracted
by the richness of the rock and gravel
thrown down. a panning was made
of some of the ground taken from a
kind of dssure and the same rich val
ues in coarse god were found that ex-
list in the placer beds below.
The La Paz country is settling rap
idly and several new outfits have re-
Gently entered to work in the placers,
considered amons the very richest In
the west. Mr.. Guernsey says the Gin
nabar company, composed OF COLORADO
people, began work in the placers NO
yember /; the Valleshauler outfit,
made up of Ohio people. moved in NO
yenber 10, with Joe Boyer as super
intendent: and W. H. Clark of Utah.
has taken an option on a quartz prop
osition in the Alamos district and Is
now at work.
$500 A TON AND BETTER
A shaft has been sunk to a depth OF
seventy feet and the men are now
crosscrtting. \The vein here is a con-
glomerate six to ten feet in width and
some Of the rock extracted, says Mr..
Guernsey, goes $500 ton and better.
The trigo company Is installing
pipe line for the purpose of developing
a rich placer property.
w. e. Scott, owning a quartz prop
ertv adjoining the placers Of the New
Ia Paz company, will soon erect ten
stamp mill. Scott is reported as hav-
ing a large tonnage on the dump await
ing the completion of the stamp mill.
Beside these recent comers to the
La Paz country there are about htteen
other placer outfits. These are either
actively engaged or are preparing to
| begin work this winter.
Mr.. Guernsey says the couAtry never
looked better than at present. In the
early days, forty to sixty. years ago.
nuggets were found in the La Pa1
country weighing all the way from one
to ninety ounces gold. Four years ago
an enterprising banker of Yuma had
the streets of the old town of La
Paz swept and when the dust and
gravel was washed the cleanup
amounted to $1,000. During the sweep
ing of the ancient town Spanish coins
we're found bearing dates as far back
as 1916. The government about forty
wears ago withdrew and added this
country to the Indian reservation.
From that time 'ntil last winter it re-
manned closed.