Show ROYAL GOLD MINES COMPANY the royal gold mines company has been organized by well known boston and california people to open up a large low grade gold property in milton and hodson california in the mother lode district the property comprises acres of mineralized ground containing large deposits of low grade gold bearing oro ore it consists of seven patented and two additional dit ional claims the equipment consists of a stamp mill capable of treating tons of rock a day and also all the necessary machinery hoists pumps etc for the handling of the ore from the t time 1 in e it j is s taken fro from in the ground until it is turned into bullion the company owns the entire town of hodson including hotel general store boarding houses work mens cottages has ample water rights and the benefit of two power lines through the property the capitalization will be divided into three hundred thousand shares par value five dollars each the property has been examined and reported on by the following engineers william A parish new york city J H finley san francisco william P A miller liller san francisco john F wells london E P jennings salt lake city and frank NV page boston mass the first four en ginders reported that there was at 1 leaff aas 11 five million tons of ore available with an average gross value of 3 a ton jennings and page examined the property and equipment in april of this year and es timatea the gross value of the ore at 3 a ton tn and the cost of mining pd and milling at i 3 a ton |