Show utah coal operators buy big gold placers in oregon for large dredging operations from mining for coal in utah to mining for gold in oregon is quite a long stride but the lure of gold will cause most anybody to take a powerfully long stride to fall victim to its charms that is evidently why the sweets of the standard coal company of this city and a number of their close associates have been blowing themselves for gold placer ground in oregon worth fortunes and why they now are equipping the proposition with a gold dredging outfit with which to scrape up the several millions in gold they have already proven to exist in tile the property which they have acquired control of during the present year and which they expect to have i in n full operation by the end of the year the superior dredging company with a capitalization of shares par 1 is the name of the corporation I 1 ay iy ilk N N illustrating type of dredge being constructed by the union iron works co at the Sup eilor dredging g cos cols placer mines the he control of which has passed into the hands of the salt lake crowd and of which F A sweet is now president CN N sweet vice president and general manager and W sweet of hollywood california Californi il is secretary and treasurer the e company owns 1200 acres of placer ground thirty s southeast of baker city oregon Z located on burnt river and d clark creek flanking the bench land depo deposits sits aich are reputed to have yielded in a distance of thirty aniles es upstream up st stream ream approximately on the props erty 1 embraced in the superior companas comp anys holdings a small ohp ail dredging outfit has been making good money during bp b past P few w years and when the big dredge now being m constructed and assembled on the ground by the union construction company of san francisco is placed in commission next december it is expected that thousands of dollars worth of gold will be recovered daily under the old company management operating the small dredge in less than six acres of ground is said to have been produced during the past several months the sweet combination has carried out an extensive campaign of prospecting with churn drills this work has demonstrated that the com banys 1200 acre gold farm can be depended upon to yield better than 1 a cubic yard of gold that assays essays 1804 an ounce this gold is said to be identical in appearance with the placer gold of alaska being clean and lustrous A power line eight and one half miles long is now being constructed to connect with the line of the united states mining smelting smelling Sm elting companas Comp anys humboldt plant the prospecting of the superior companas comp anys property with drill holes in numerous places has shown the distance to bedrock to be from seventeen to forty feet with every indication that in many places it will be found that the shallow bedrock formation is nothing more than a capping to still richer deposits if this should prove to be the case there is no telling how extensive or how rich the underlying stratum will prove to be its possibilities it is said will permit of any stretch of imagination but if the 1200 acres of auriferous gravel will average twelve feet thick and yield 1 to the cubic yard there will be no occasion to worry over a possible yield at greater depth As it stands the whole proposition is said to have been fully financed and that a resort to stock selling or assessments to round out the financing of the enterprise will not ilot be necessary |