Selected Articles from "The Mining Journal" 1944 ... - Vredenburgh

erty is well under way and production
will average 100 tons per week. Substan·
tial ore bodies have been developed by
tunnels at two levels, which are connected
by raises and drifts to block out the ore.
The ore has been tested and assayed and
shows an average of 47 per cent pyrolusite.
Both the Peter Moy and Dead Oak
properties are under the direct supervision
of Everett C. AHari. Shipments are now
being made at the rate of two carloads
per week to the Metals Reserve stockpile
at Sacramento, California. Glenn B.
Bump, Box 696, Patterson, is president
of the company.
The Ancbo-Erie Mining Company is engaged
in preparing its gold properties near
Graniteville, Nevada County, California,
for production. A substantial tonnage of
commercial-grade ore was developed last
year. The company, which has been operating
under permission from the War
Production Board, recently was granted a
permit by the California Division of
Water Resources to divert water from
Rocky Glenn ravine for mining use. Fred
Anderson, Grass Valley California, is
superintendent and C. A. Helbach, 370
Alta Street, Grass Valley, is president.
H. F. Litner and A. O. Wittle. representing
the Walker interests, Redding,
California, are reported to have optioned
the Cherry Hill, Schroeder, Big Turk, and
Hi-Yu mines. The gold properties are located
in Quartz Valley, Siskiyou County,
California.
For the fiscal year ended February 29,
lD44, the Yuba Consolidated Gold Fields,
Ltd., has reported a net income of $258,-
014, after depreciation, depletion, federal
taxes, and minority interests. This is equal
to 16 cents a share on the 2,300,000 shares
of stock outstanding and compares with
a net income of 612,068 or 27 cents a
share in the 1943 fiscal year and an income
of $1,173,413 or 61 cents a share
for the 1942 year. The sharp decrease
in earnings is due to the fact that the
concern has been allowed to operate only
two of its seven dredges, while in 1942
Yuba operated all seven for 7lh months
prior to the gold closing order in October.
Gold recovery for the past year totaled
37,761 ounces, as against a gold output
of 102,223 ounces in 1943 and 143,905
ounces in 1942. In his report to Yuba
Consolidated stockholders, Stanley Bolster,
president, stated that if government restrictions
are continued throughout 1944,
recoveries may not be as high as in the
previous year, for one of the dredges probably
will be working in ground where
prospective values will be lower than in the
territory which the company has been
working during the past year. The company's
present permit from the War Production
Board for limited gold mining op·
erations can be cancelled on 60 days' notice.
Yuba Consolidated Gold Fields operates
in Yuba County, California. F. C.
van Deisne, 351 California Street, San
Francisco 4, California, is vice-president
in charge of operations.
B. T. Wilkie. 433 South Spring Street,
Los Angeles, California, is reported to be
reopening the old Oro Grande gold mine
under special permISSIon from the War
Production Board. Three men already are
at the property, but it is expected that
about 20 more employes will be put to
work immediately. All necessary machinery
and equipment are at the mine and
development work is completed. The gold
property is located at Big Flat in Siskiyou
County, California, and had been
under development for several years when
it was closed down by the WPB gold
order.
The Newmont Mining Corporation, 14
Wall Street, New York 5, New York, has
declared a dividend of 37lh cents a share
on the company's capital stock payable
June 15, 1944, to stockholders of record
on May 29, 1944. Charles F. Ayer, of
the New York offices! heads the Newmont
concern.
Wilson J. Parks, 468 Colman Building,
Seattle, Washington, is said to have a small
crew working at the Snow Wbite property,
an asbestos prospect located about six miles
from Happy Camp, California. Main development
work consists of tunneling and
drifting, and assays have shown values in
asbestos, aluminum, and magnesium. Parks
also has a few men working at the Snow
White Group of gold quartz claims on the
east fork of Indian Creek. Work consists
of keeping the gold claims in shape for
..
The Key to Clean Concentrates
Longer strokes and higher speeds are essential to efficient
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FORT WAYNE 4. INDIANA
THE MINING JOURNAL for JUNE 90, 19 .. Page 21