Mohave County miner., 1916-12-30
COLORADO RIVER BARS CONTAIN RICH
 PLACER DEPOSITS
IFrom Sundays Daily MinerI

IFrom Sundays Daily MinerI
 The most promising mining field in
 the United States today for legitimate
 investment with assurance of extra
 ordinary returns is northern Arizona.
 While the great lodes of gold, silver, copper, lead, zinc and molybdenum are probably best known, the possibi- lities of the rich gold placer deposits, which are in their infancy of develop ment, are receiving merited attention from careful, experienced operators,
 who have both the brains and the
 money to exploit the big bars along the Colorado River. This river drains
 2 region more than 1000 miles long, from which it, year by year, draws its immense store of the precious metal.
 For ages this gold has been comia. down from the hidden dells and secret fastnesses of the far famed Grand
 Canyon of Arizona and has been de- posted in the eddys near the mouth of the canyon. Experts of inter national reputation say that many millions of dollars net profit can be secured from extensive and compre- hensive exploratory work. Along the bars of the Colorado, thousands upon thousands of samples have been taken and the values seem to run from at least 50 cents to better than $500 to the cubic yard of gravel. These sam pies were all taken at random and cover miles and miles of territory.
 Evidences exist a short distance be- low the mouth of the canyon that miners and prospectors, many years ago recognized the immense richness of the bars. Old dry washers stand up on the surface as an enduring monument of the wonderful gold val ues taken out in a forgotten age. No doubt the adventuresome prospectors who pioneered this land of gold have gone to their final rest, and these rich fields will no longer know the prim- itive dry-washer and the old fashioned rocker as of yOre. But great "gold boats", more commonly known as dredgers, will be installed and thou sands of yards of auriferous gravel will be handled daily instead of ten or a dozen yards as in the olden time. This means new life, economic opera tion and the recovery of much greater gold values. The judgment of the old prospector will undoubtedly be verified tenfold and capital accomplish that which has limited means would not permit.
 Judge M. W. Musgrove has re- turned to this section after a years absence in New York City, where he organized the Grand Canyon Gold company. The board of directors of this company is composed of strong bushes men and operators of that city. One of them, R. H. Gibson, is several times a millionaire. A new era has arrived,-"the placer gold era", as Musgrove terms it. It has hit northern MOhave county and hit it hard.
 The company owns an enormous body of land, nearly seven miles long and almost a mile in width, along the Colorado River and by its position con trols several thousand acres which cannot be operated otherwise than through the holdings of the Grand Canyon Gold company.
 A mining geologist and consulting engineer of recognized ability recently made an exhaustive examination of the territory of the company named and it is estimated that there are 16O,OOO,OOO cubic yards of gravel which will probably net 40 cents to the cubic yard after all expenses are paid. One engineer was on the ground for nearly three months and his report is one of the most com prehensive and best ever made on a big gold proposition.
 Judge Musgrove is very favorably known in northern Arizona as an ag- gressive operator and he is here for the purpose of looking over the hold ings of the company preparatory to the work of drilling to bed rock. The Grand Canyon Gold ter ritory is considered a proposition of great merit. The Security Transfer and Registrar company is the transfer 1 agent of the company and the stock is being traded in on the New York i Curb.