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Collection: Newspapers > Nevada City Nugget

October 23, 1930 (6 pages)

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a ~ es ae, Le eee a x : —S sah ar a PS. evada ‘The Nugget is California’s Leading Mining Weekiy Ci y — VOLUME «IV, NUMBER 45 Je GOLD CENTER NEVADA CITY, NEVADA COUNTY, CALIFORNIA, THE COUNT Y SEAT i PAPER Oc TOBER 2, 1930 “permanently MINING ACTIVITIES ON THE UP AND UP REASONS GIVEN FOR THE PRESENT BRIGHT OUTLOOK FOR GOLD MINING From the Sacramento Commercial News we glean the following article by George W. Peltier which fits so perfectly into the picture as we view; mining activities of this and other sections that we are taking the liberty of producing it this week hoping that it may interest the many readers of The Nugget who are deeply interested in gold mining: “There is a great revival in gold mining. Individuals and corporations have mining men. and_ engineers scouting through the western states on the lookout for properties, prineipally gold-bearing ores. “There are reasons for this new energy which is reviving the mining business. The value of the staples is mioulded by supply and demand and by the-extent of the markets. The market value of gold is unchanged except in its purchasing power. The price of an ounce of gold is . fixed by government decree. ithe wheels of the hoist and°the detonation of dynamite, and legions of! men: will be hunting for the precious ; metal. Commercial houses that furnish mining supplies will feel a stimulating effect, and mining will contribute to the re-energizing prosperity of the State of California. BATH CONSOLIDATED IS SHOWING FINE ORE NEW LEDG$ BEEN UNCOVERED AT THE GOLDEN EAGLE —PUSHING WORK News of interest regarding progress being made at the Thomas Bath . mineing property near the Rough and Ready district was received at this office Tuesday with samples of quartz taken from a newly uncovered ledge at the Golden Eagle mine at a depth of 15 feet and averaging from $4 to $12 per ton. The Bath company has six claims known as the Golden Eagle Number One, Golden Eagle Number Two, Henry Ford, Crag-y-nos, Bath and Rame Mendrew. ! Newtown in} ‘NEVADA MINING MAN WILL OPEN OLD GOOD HOPE MINE SOON days ago and while here setured a lease and option on the mining property in Yuba county, some seventeen miles southwest of Grass. Valley, containing the old Good Hope mine, which promises quick returns under intensive development, as a fine ! showing of ;depth is in sight. Channing reports there is an in‘cline shaft down 100 feet on the vein which dips at an angle of 70 degrees. The vein is 16 inches in width of typical Mother Lode quartz and that the ore shows free gold both in the drift and on the 10 foot level as well as in a shallow winze thirty feet from the shaft. The ore contains some sulphuretes and good milling ore on the dump. The; Rame Mendrow is producing ore at “The change in the buying power of gold is brought about by the changes that are made in the up and . down scale of the commodities which the gold miner wishes to purchase. When commodities are high his gold will not buy so much; and vice versa, when commodities are iow, his gold will buy more. “The gold miner is never hampered by the tack of mark 3ts are unlimited. The governments of the world will purchase in unlimited quantities all the gold that is presented at their mints. Mining possesses a great lure because of its romantic character, It attracts men who know the business and men who do not know mining. There is no finer asset in thé world than a large deposit of gold-bearing ore that will average about $10 a ton, and the demand is greater for that type of property than for anything else for which men are looking. A good gold mine is hard to find. There are not many of them and that is why the reward is great after one is found. ‘The activity in mining is going to bring about the rehabilitation of gold mining. The hills of California will once eealn resound to the whir of a 17 level which will average $5.00 ,2 ton. ; The Bath Consolidated mines are; lat the top of Long Ravine which runs: down to Kentucky Flat where there in the early days days of placer mining fed from the leads throughout the Newton section. Then there is' Owl Creek on the other side of the apex on the Bath . Consolidated. These creeks -and their tributaries are three leads besides a pophyry dyke in this property, awaiting capbig paying yeines of Nevada County. “There are,’ said Mr. Bath, same leads that have made Grassi Valley so prosperous 2nd when the real mining companies wake up to what is waiting, and can see the opportunity, the mining industry. \ 0 WINS A SCHOLARSHIP Addison Janes, son of Mrs. Mary B. James of Nevada City, and a graduwith the class of 1930, has man scholarship for the year ’30-31. studies won him the coveted award. BLUE LEAD CONSOLIDATED HITS VALUABLE ANCIENT CHANNEL The Blue .Lead Consolidated Mining Company. operated by business men of San Francisco, has been looking for the old Blue Lead channel in the Relief Hill district for the past year and a half. A tunnel driven 2,500 feet, they intersected the Blue Lead channel through an upraise of eleven feet above their workings. Although this seems that it is at least 20 feet above bed. rock on the rim, the gravel prospects splendidly and justifies the report current of what the old channel did years ago when worked by local owners. Some thirty years ago the owners made an upraise into this channel at a distance of 2,000 feet from the portal. About 45 feet above the tunnel the channel was intersected and ona small bench worked at this point-they: took out some $62,000. Some very coarse gold was found in their washings. One nugget was displayed at the Chicago Fair and later at the St. Louis Fair weighing 13 ounces. It was tak_ en from the channel at, this point. It is the expectation of the company to find much gravel Jike that in the channel as soon as the projected development of the company is completed. It has always been known that the best gravel taken _ out in the state came from this chan“nel upon which were located famous mines such asthe Melakoff, the Derbec, the Blue Lead, Waukashaw, Union, Eureka, SnoW Point, Alpha and Omega mines. A Yecord of the production of these properties is to be found at the Bureau of Mines in. , the Ferry Building, San Francisco. It is the intention of the company to equip the mine with the most modern machinery employed in gravel. All the mining timber requirworking it under the conditions such as exist at the Blue Lead that gravel going two dollars a load can be made to pay -handsome dividends. The gravel already developed in their upraise is considerable better than two dollar gravel: So it is no longer a question of what they can do, but a matter of equipment only. The equipment will be put in immediately and the mine put on production within a very short time. The installation of the generator, gravel bins, and sluice boxes is being pushed as rapidly as possible at the present ime. The company: has the advantage of a system for working the gravel. All the mining tiinber required is to be had on the ground, free power for operating and washing are theirs so that the property can be worked -as economically as it is possible to work gravel at the present time. It is only natural that all those interested in the property feel decidedly jubilant. over the showing disclosed in the upraise and they are determined to push the work as rapidly as possible and feel that they are justified in hoping to make the Blue Lead one of the best gravel produ¢ing. mines in’ the state . The officers of the company are Peter B: Feely, president; Charles H. Goldsberry, secretary and treasurer; and Harry B. Gray of Nevada ‘City is their local’ manager. 0 Ignition Parts and Accessories at Miner’s Foundry. 24f 0 A Classified Ad. will rent = house! o* At the Bath is a thousand tons of. were very rich in placer gold. There} “tne. this section will lead in! ate of the Nevada City High School . been ; awarded the Sidney Hellman Ehr. specks of galena, characteristic of Grass. Valley mines. ) The mine has a. few appurtenances . . consisting of an electric hoist which . ican easily be connected with an elec, . trie line threefourths of a mile dist-/ tant, and with a new shaft created jat a raise above the winze and electhe work will go forward rapidly. It-is the intentions of Mr. Channing lto drift on the vein, opening stop= . ‘ing ground and to develop at greatjer depth through the winze. The ore ‘extracted. will be trucked to the . North Star mill in Grass Valley for treatment. The property is less than 100 .feet above sea level and lies ;near the Old Dairy Farm mine ‘ lar production. gold ore at a shallow; trically driven machinery installed’ was very rich placer gold taken out: y y Property Is Located Abeut seventeen Miles Southwest of Grass Valley—Ranchers in Vicinity Very Favorable. To This Project Frank J. Channing “oft Reno, Ne-; A mill will be built soon as joven . vada was in this section about ten . opment warrants, and the lease ob‘tained. Mr. Channing has an {option to buy from W. J. Sanford of . Wheatland, son of the original owner. ; Channing also has another mine, the Duncan Hill, in the old Ophir district one and a half miles west of Auburn which. will be financed and operated by an eastern syndicate which has been interested. through Channings’ efforts. The Duncan Hill. mine operated from the Walsh brothers of Auburn, produced around $300,000 in high grade gold ore—‘‘specimen stuff’’— twenty-five or thirty years ago but has long been idle. It comprises two mines; the Centennial and Conrad, opened through tunnels long since eaved. Channing took the mine over . after a careful investigation of old records of production and informa. tion réceived from a miner he knows well who worked in the Centennial. He proposes to sink a new vertical . shaft to cut the Centennial vein at . 300 feet on its dip Th.e Ophir district had some great mines and eoneee are very favorable for low . operating costs, with electric power available and timber to be had at a low price. . Channing reports. a demand for wie properties in the east and on his visits to ‘“Auburna nd Yuba coun. ty found a more friendly sentiment on the part of ranchers and fruit f the; ial te Geveroh 1 ipte one © . which is credited with a million dol-. growers toward the industry than they ee showed. (By Gail Martin) of opinion in favor of a movement to . oping daily. “From _. Young Janes’ splendid record in his; comes expression of.éngineers, econo; mists, and statesmen of national and international importance favoring remonetization of silver. On Monday last, than Senator William E. Borah, of Idaho, according to the Associated ; Press, expressing himself as believ~ ational monetary ratio established between world prosperity. “The time is ripe,” Borah, gold ratio acceptable to the: nations to believe that such an agreement may be had.’ mond, who looms large in the affairs in favor of a, movement to remonetize silver. Hammond bases his belief on the shortage of gold and the as a basis for the expanding needs of commerce and finance. “The friends of silver,’’ says Ham‘“‘Nation’s Business,”’
left, seem to be willing to take their plight of silver is not hopeless. If ever its modest value of 60 cents can be reestablished a contribution to world prosperity will have been made. The hoards of: the east will again come (into the market place with old time strength. A mining industry of tha west will be rejuveniated. Allied mining will have been stimulated. Silver will remain as az agent that contributes to the wellbeing of mankind. es remoneitization of silver is Senator William King, who feels tha: a loar to China might inyprove the silver market, fundamental. . ss: “T. have always been an advocate Torpico Mine Busy. iAt Rosamond, Kern county, ten stamp mill at the Torpico mine * SALT LAKE CITY, Oct: — Weight: remonetize silves seems to be devel-,. every quarter . no less ‘a person ,! ng that the world needs an inter-' IN THE RELIEF HILL DISTRICT :: gold and silver to insure; said Aik “to put through a silver and. of the world and there are groundds . Another figure, John Hays Ham-; of the world has expressed himself as. inadequacy of yellow metal reserves! mond in an article in the October if she has any drubbing lying down. But to me the Another arednt advocate of the the question is far more the NEED OF SILVER IN WORLD © COMMERCE POINTS WAY TO -_ REMONETIZATION OF METAL of bimetallism,” said Senator King, when interviewed on his this city. ‘‘The silver question was . ; not settled with the defeat of Bryan. ; Ever since we have had any records, . Silver has beeni minted at the ratio . sixteen or fourteen to one of gold. “Most nations have used g6é’d and , Silver as money from time immemorreturn to} ‘Company, ‘virgin properties that are left Mrs. Elsie P. Willoughby is home! : . again after about three weeks spent . n the Jones Memorial Hospital at, . Grass Valley so as to be under the. . direct eare of Dr. Jones. Her condi-! backs is now considered good, though she will be confined to her home and couch for some time. J. E TUDOR PRESIDENT GOLD STAR IS VISITOR Mr. J. E. Tudor, president of the Gold Star Miniwg and Development was [email protected] this week at the property and has a big smile for they are finding some real nice ore these days which puts pep even in the miners who are. working at the Gold Star. Mr. Roy King, consulting engineer for the Gold Star Mine, is predicting big things for the future of the mine. ‘ This is one of the: most promising in Nevada county and Mr. Tudor thinks he can in time have as big a mine as any of the mines that are here now. On Deer Creek Hill, off Corn Meal Ravine a, couple of prospectors sank a ‘shaft about fifty years ago and hauled the ore out with a team and it is stated that they took out about one hundred and fifty thousand dollars but they were swamped with water and had no modern pumps like we have today. Therefore, although that was a large sum of money, they abandoned the mine. This is the eastern end of the Gold Star property. After a ten days shut down the Gold Star has eompleted one of the best hoists of its kind in this section and it will handle the ore to quite! a depth. thousand feet from where he is sities ing the Gold Star shaft. This, ore éame from thé.old Newton mine ang some of it ran as high as two hun— dred and eighty dollars for gold an& two thousand ounces for silver per ton. ; This paper wishes the Gold Star the best of success as their success means'a betterment for the commu-— nity at large. ~ —9 ALASKA MINE HAS — VISIT FROM THE OWNER SIERRA General and Mrs. W. S. Schuyler of the Sierra Alaska mine are spend— ing a few days at the mine. They spent Saturday night at the National Hotel. — The Sierra Alaska mine is one of the richest gold producers in this section. Like many other noted pro— ducers, we undersiand, a great flow of water stopped operation:. General and Mrs. Schuyler hs home at Carmel-by-the-Se2 ani have made several trips to the mine iu the interests of the property. INSTALL MACHINERY TO DEMONSTRATE NEW MILL PROCESS TESTS MADE OF LUCHENBACH METHOD FOR RECOVERING GOLD, SILVER, PLATINUM A process for the recovery of gold, silver and other precious metals. by the use of a chemical compound is being demonstrated in Reno by the Mineral Recovery Process of Nevada. A table manufactured by the parent. company is in operation at 1% N. The company has the very latest} ‘ing made on ore submitted for the and best machinery that money can buy as far as theyhave advanced and they expect to put up a modern ball and rod mill followed by latest compressor air flotation. This should occur at an early date or as scon as they sink about fifty feet) deeper and get a larg er tonnage of ore to stope, Mr. Tudor likes California better: than Alaska for the simple reason . and . that in Alaska one eighty five dadys hundred is considered a long year, while here it is possible’ to mine the year round. Me is quite: Lode of' familiar with the Mother California and he Considers Nevada county the best as it has to its credit some of the oldest and best producing and big dividend paying al. Some of us denounced demoneti{mines in the world. zation of silver as one of the moastj One thing that the miners like Mr. henious crimes in history for at one; Tudor for is that he will not ask a stroke the value of praciically onehalf the world’s money was destroyed. “The amount of gold in the world . is too small to maintain the wor!d’s enormous credit. Furthermore, its production is rapidly decreasing, while the issuance of credit and the volume of business is increasing. If our present policy of gold monometallism is maintained, gold willl increase in value and commodities . will decrease, bringing increased burdens to the debtor class. “In my opinion the time was never more ripe for a vigorous movement . to rehabilitate the white metal and give to it, not an increased commodity value but an increasedd monetary value. . ‘After I had urged President Hoover to confer with the leading nations of the world with the view of calling a conference which would deal constructively with the silver question, I received indications of interest in the matter from other countries. Among these was information that one of the largest commercial organizations in Great Britain had adopted resolutions calling to ‘the attention of the British government the importance of broadening the basis of credit. “T believe that when congress meets in December, one of the ma: jor questions presented for consideration will be one which looks to the adoption of a plan for a wider use of silver for commerciala nd indeed, for all monetary purposes. There s a brighter day ahead for Silver, and that day will dawn in the not far distant future,”’ rapidly. The property has been operated by the Burton Brothers, H. Clifis operating ten hours a day and ford Burton and Cecil J. Burton, for stoping and drifting are advancing the past three years. eg Be ee i man to do any risky work that he would not do himself. There are two. things that Mr. Tudor is very proud of and they are that his. associates are all high class men of means of New York state, one of whom, Mr. Sanford F. DeVed, has a seat on the mining exchange of New York and the other is that the best ore, with plenty of gold in sight at the Nevada City Chamber or Commerce came from less than one the; Luckenbach, New York metallurgist. _ pound. Virginia street and test runs are be~ purpose. The process was invented by Roger and chemist and is in practical use rin Washington and Oregon. It is es— . pecially adapted for the recovery of . gold and platinum from sands but , works equally as well, it is claimed, 'on any crushed product containing, . the metals. Recovery of the metals is made b¥ . a vibrating machine designed for the purpose. The finely crushed ore is fed into.a traveling rubber belt, which is covered by canvas on which . the compound is spread. The compound takes up the metals and the gangue passes off. The metals are then recovered by burning Se comThe machine set up In Reno has a@ capacity of 70 tons a day and test runs on ore’ submitted without charge. The machines are sold at cost price to be operated on a royalty basis and the sale price is re-~ bated on royalties. The Mineral Recovery Process of Nevada is licensed to use the process in this state. William S. Boyle is president of the company, Q. S. Wone and D. J. Haggerty, vice presidents and Elwood H. Haggerty seeretary~ treasurer.—Nevada Mining News. The annual Nevada City Bowling . 140; Tournament started Wednesday evening, October 22nd and will end November 22th. The Elks bowling committee headed by William! V. Tamblyn has completed the personel of the various teams and a great deal of interest was shown when the Elks Club alleys resounded with the roll of the balls Wednesday evening, amd the large number of sptctators gave a generous hand of applause whenever a brilliant play was made. j Exhaulted Ruler H. A. Curnow, heading the team which was in contest with the Bigelow team opened the game. The Curnow team composed of Curnow, Fortier, Kopp, Leiter and Elliott. The Bigelow team: Bigelow, Nicholas, Mobley,-Goyne Marsh. : Personnel of Teams Tamblyn, 150; Hogan, 145; Roland Wright, 140; Lobdell, 135; Costello, 100—670. Sceeeeael ELKS ANNUAL BOWLINGTOURNAMENT STARTED LAST WEDNESDAY EVENING and Dr.} Curnow, 145; Fortier, 150; Kopp, 140; Leiter; 135; Elliott, 100—67@. R. Carr, 150; Hoge, 140; Riddle, 135; Scheemer, 135; Sehrieber, 118 —670. } Jackson, 146; Hegarty, 150; Ghidotti, 135; Mooney, 130; Penrose, 110;—671. . ‘ Dave Richards, 146; W. Wright 150; Durbin, 130; P. Carr, 145; a& Holmes, 100—670. : Schedule of Games Curnow vs. Bigelow—Oct. 22nd. Tamblyn vs. Jackson—Oct. 23rd, Richard vs. Carr__Oct. 27th. : Carr vs. Curnow—Oct. “29th ae Bigelow vs. Jackson—Oct. 30th. Tamblyn vs. Richards,. Oct. Siat. Tamblyn vs. Carr—Nov. 3rd. _ Curnow vs. Jackson—Nov. 5th. ‘Bigelow vs. Rirhards—Nov. Richards vs. Carnow—Nov. 10.