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Show - - llich Pincers "Near (oildcn. DrsvKK, Dee. 1-1. All important mineral discovery was nuide a few days ago ill tint placer diggings near (loiden, which has been kept from the public, but which leaked out iu Denver today. For some time A. ,1. Ale. tjuaid has been putting in place a machine at a point three miles below Hidden, witli which to operate the deposit in that locality. A few day ago il wa- completed, and operations opera-tions commenced. The result has proven astonishing, as it was found at a depth of i forty feet Hint Hie gravel paid from to f: ' r yard, " and mine of the ground is found to be much richer than that. The machine u-ed in working tho ground has a capacity of l.'iuo cubic yards of gravel or dirt per day, nnd the ground ! now being worked pays onort islv ut I least f.'IKXi a day. It has "usually he, n called : good placer mining when o0 cents per yard i is obtained, luit the results which Sir. '.Mc (,'uuid has obtained are coii-idered most ns. 5 tunishing. He says that ai the place where 'i he Is operating the ma, bine the deposit is forty feet in depth und the gold is mostly what is known us "i-mnll idiot," though there is some Hour gold. It is predicted Hint the re ult- of another se,i,,n's worfj w-ilh the iiim bine will turn Hie entire valley along Ihe stream dm. placer diggings, us it is b. Moved that tiie ilepo-it is more or b'-s rich in gold. |