Show RICH PLACERS TO BE WORKED Corporation Worth Capital Capita io 10 b Operate Acres of Gravel AVERAGE OF A YARD DEPOSITS DEPO ITS ARE LOCATED D IN FRE FREMONT FREMONT FREMONT MONT COUNTY WYOMING I Special to The Herald Lander Wyo Sept 7 Placer r ground covering approximately acres the largest placer mine ever discovered and operated by b a single concern has bas been be m located and acquired by the Greenough brothers and their associates The mine Is in Fremont county miles from the railroad at Lander in what is known as the Red Canyon district For more mor than a year engineers eng In the employ of the Greenough brothers have been on the property making Investigations investigations lions as to Its richness before being ta taken taken taken ken over by the company recently or organized organized organized with a capital of in 5 shares to operate it The ground was purchased in small piece lots from the individual owners who located it for grazing purposes To cut off the efforts of miners to secure property In the boom which will probably follow when the richness of the district is known lands landson on both sides of the Little Popo Po po Agle Agie riv nv river river nver er have been purchased During the past two years the company has spent over in prospecting alone On the acres which have been tested for gold no barren ground has been found Wilbur D Greenough vice president of the Red Canyon Canon company the new or organization organization who has returned from a day visit to the district when seen yesterday regarding the newly netly ac acquired acquired acquired placer properties said Gravel Contains Millions M We Ve have hae been contemplating taking over the Red Canyon properties for sev several several several eral months but have been awaiting the reports of engineers who have been mak making makIng ing Investigations We have recently re received received received a II report from W F Edwards of Spokane the mining engineer who built the leaching plant on the Snowstorm which is how In successful operation On the acres which have haye stood inspection Inspection tion and investigations not a yard Jard of ground has been found without pay dirt an average of to the yard has been already alread taken out Wells and shafts have been b en sunk to ascertain the true worth of the property pro rt Assuming g that it will cost 10 cents per yard ard to mine the gold gol and that only 73 75 7 per cent of the values glues can be saved a profit of 2168 may mo ma be stated as a safe net profit from the acres Big Operations Planned As yet ret the property is undeveloped we have men at work in the district with plows pans picks shovels and pla placer placer placer apparatus In order to prepare for tor the installation of the hydraulic ap apparatus apparatus apparatus it will be necessary to drive a tunnel through ugh a mountain six miles from the main placer lacer ground to let water on the property pro pert Fifteen miles of or combined ditch and flume are now under construction Water Vater rights have been secured from the state engineer er from Wyoming for tor the use Of f water in the Lit Little Little Littie tle tie Popo Agie Agle river which from the mid middle middle middie dle die of April to July flows Inches or orX X cubic yards ards of water per second During the coming winter we expect to spend approximately putting the property in proper shape At the completion of the tunnel and flume the development of the mine will resolve It Itself itself itself self into a common everyday placer pro proposition proposition proposition position developed with the aid of hy hydraulic hYdraulic apparatus The company has for its officers Thom Thomas as L Greenough Grenough G nough of Missoula president Wilbur D Greenough of Spokane vice president and manager J B Greenough of Spokane secretary and treasurer Di Directors DIrectors Directors rectors of the company compan including the of officers officers are I T Hesey a i of the th of Phoenix Ariz Aniz W WF V VF F Edwards of Spokane J H Reward eward of Phoenix Ariz and Stanley A Easton a of o Tom L Greenough and manager of the Bunker Hill and Sullivan mine at Wardner Ida |