The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-01-25
GOLD MINING PROFITABLE
California Official Says Many Gold
Properties Will Be Success
full in That State.

Although the statistics of the mineral production of Cali
fornia for 1911 not and will be available for several
months according to W. H. Storms, state mineraogs there
seems little doubt that the aggregate output the past year
will equal, If not exceed that for the year 1910
There has been during the past year very noticeable in
crease III the activity Of gold mine development and operation
the impetus being due partly to the surprising developments
in old mines the Mother Lode where new ore shoots have
been exploited at great dpth unexpected places Another
stimulus to gold quartz mining has been the successful opera
ton OF severa rich in the northern portion of the
particularly in Shasta and Sierra counties, and at least
gold mine has been brought under successful operation Mo
doc county near Fort Bdwe. TO these may be added
era new and successful drift mining operations in various
parts OF the north end of the state and the
sutng from the promising development of prospects IN
old districts Ever the early days of colo
mining in California, prosperity in this industry has swept
the state in series of The successful outcome
of many Of the earliest ventures resulted general organz
ton of mining compans and the equ pment Of large numbe
Of prospects, good and bad The natural result followed
Some successful and many not and in few
gold mining into dsrepue After ull in this storm
of mining investment much of which ill advised, moi
advised at ALL achieved and again goC
mining became popular This has been the history of colo
mining in California throughout the past SIX decades. Il
more recent years instance Of this character distinctly
observable In S9091 gold mining in the state at
low ebb Then came the fortunate development Of the Ken
nedy mine at Jacksonhe phenomenal discoveries in the Raw
hide mine Jamestown in Tuoumne county, followed b!
rich developments in the mines at Angels particularly in thu
Utica group These and several other noted successes,
world by the important operations at Cripple Creek Coo
the wonderful developments the Rand in South Africa
the gold mining industry of California adecided boost and
campaign of development, particularly On the Mother Lode
naugurated which without precedent since the day.
between 1850 and 1868 AS result of this unusual activity
very valuable properties developed and
ual far greater number proved unsatisfactory
An analysis of the msadventures will not fal
to discover in most good and sufficient therefor
nevertheless Of the failures of those years have since de
veoped into the bonanza mines of today and it is these latter
that have done than any other thing to lns confidence
in the minds Of investors for there many instances Of
where the enterprise has been in competent hands, ta
deep mining for gold in California considered not
only legitimate but offering safe an investment in man!
be found other kind OF business. Viewed
from The speculative standpoint there is nothing else where
considerable risk is involved that offers anything like great
possibilities in the form Of profits If the venture is success
Deep mining anywhere whether for gold "copper" salt coal
any other mineral requires large capital experienced
ment and fair amount of good fortune. Those of limit 20
means not hope to equip and develop mines where
ter to half million dollars perhaps twice the latter
will be required There are however, many opportunities oi
the smaller investor where few thousand dollars will prove
property to be either valuable WORTHLESS and unusual sc
tvity in mines Of this class Also noticeable General
speaking therefore, gold mining throughout the state is in
a decidedly healthy condition and it is my belief that is
branch of mineral industry going to forge ahead w
he result of largely increased output within the next few
years
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