The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-05-10

I'm THE REPORT Of the Yukor
Cold company for the year 191t
the following extract is found, par
OF which is of special local inter.
. est
The new acquisitions in 1916 were
. leases on Q) the Coeur d'Alene Min
ing company's dredging property on
Prltchard Creek, near Murray, Idaho
with S,50O,000 cubic yards developed
containing over $l,350,000 gross; 90
leases on the North Fork of the AM
erican River near present operations
of the company, with 100000 yards
developed containing $100O,000; and
(3) the Trinity Exploration and Carr
holdings in Trinity County, California
containing approximately 21,000,000 Gu
bic yards with $3,000000 gold content
and (4) 60 per cent interest in the
Elkoro Mines company to which COM
pany have been transferred options on
the Long Hike, the O. K, and adjoin-
ing groups in the Jarbidge, Elko Coun-
ty, Nevada, gold district. This is the
first venture of the Yukon Gold COM
pany in quartz mining. The three
dredging leases are worth $4,000, 900
net to the company, while the Jar
hidge holdings had developed 214OO0
tons above the 600-level on the Long
Hike and above the 250-level on the
%. K. Group, with a gold content of
/ $3,200,0 900, and worth $40 net per ton.
or about $1,2S4,000 for the Yukon
Gold company's 60 per cent interest.
The company also has an option to
July 1, 1917 for an additional 10 per
cent interest in the Elkoro"
Now Working At Murray.
The Yukon Gold company is a Gug-
genheim organization, and the acqui-
sitions during the past year enumerat-
ed in the report convey an idea of the
magnitude of it's operations. That
which especially interests Occur
dAlene people is the acquisition of the
ground along Pritchard creek and the
definite announcement of it's great va
Elue. Last summer and until late in
the fall two drilling outfits were en-
gagged in prospecting the ground along
the creek, and while the work was not
completed the report of. the company
shows that it went far enough to jus
|tify that conservative company in
stating that the ground contained ST.
$4,000. Further prospecting Is now
being done with two drills, one above
Murray and the other below, probably
near Eagle. Some of the ground
that was prospected last summer is
being gone over again, while new
ground is also being tested.
Preparing for Dredge.
From parties who came over from
Murray the first OF the week it is
learned that ground has been cleared
about a mile below the depot at MUIR
ray where sidetrack will be placed
to accommodate handling the machin-
cry and material for the big dredge
which will be placed in commission
this summer, This is near the pit
that was made by the Coeur d'Alene
Mining company in attempting to
work the ground by hydraulic elevator,
and 1t is in this pit that the big dredge
will be floated and where mining op-
erations will begin. The size or cap
acity of the dredge has not been learn
ed, but it is understood to be a large
one and modern in construction. Bed
rock along Pritchard creek is said to
ho 70 tn, ,1o MI h;
buckets of the machine must scrape
the bottom in order to get the richest
gravel. That it will do this does not
admit of doubt, for the Yukon Gold
people have dredged from Dawson to
Mexico and are masters of the busi-
ness, and they know what they can
accomplish on Pritchard creek before
they go to the expense of installing
the dredge.
Tract IL Miles Long.
The ground of the company was ac-
ouired and consolidated many years
ago by the late Barry N. Hilard, who
transferred it to Boston syndicate.
These owners did practically nothing
toward working the ground. Last
summer representatives of the Gug-
genheims appeared on the scene and
the ground was Systematically pros
pected with Keystone drills. That the
result Of the tests proved satisfactory
is now known through the report Of
the Yukon Gold company and by the
preparation now being made to mine
the ground. The ground acquired ex-
tends from the North Fork to the head
of Pritchard creek, a distance of ~
or IA miles, and including practically
all ground on both sides of the creek
and well up the mountain slopes.
In addition to the Pritchard creek
tract, 1t is reported that the company
has also taken options on large tract
Of ground along Eagle creek and its
tributaries, ground that in the early
days is said to have been the richest
In the district.
Electric Power.
The Washington Water Power is
preparing to extend it's electric power
line to Murray to supply power for
the dredge. 1t is reported In Murray