Show COLORADO RIVER PLACERS Deal On Involving Sale 40f Rich Gold Diggings Price Utah Sept 24Thomas Nichols Nich-ols of this city is negotiating with Salt Lake parties for the sale of 320 acres of placer ground on the Colorado river three miles above Dandy crossing The bar runs from 60 cents to 120 per cubic yard and has been worked in a small way for the past ten years by Mr Nichols and his partners of whom there are three What the price is is not stated stat-ed but it will be away up in the thousands thou-sands Some four years ago it was sold to Colorado and eastern capitalists capital-ists for 180000 The deeds were placed in escrow and 5000 paid down but the sudden death of the chief promoter caused the sale to fall through In order to work the property successfully suc-cessfully a dam will have to be constructed con-structed across the Dirty Devil creek some 50 miles above the bar and thE > water piped on to the property This the engineers figure will cost not less than 25000 and should the deal now pending go through which is reasonably reason-ably certain this will be done It is estimated that there are over 11000000 cubic yards of pay dirt in the Nichols bar The proposed dam will also put other properties adjacent in such shape that they can be easily worked The trip of 11 H Beardley proprietor proprie-tor of the Rio Grande Western eating house system to the east is said to be in connection with a sale of placer ground ill the same section Salt Lake Helper and Price parties are interested with Mr Beardsley |