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Crown Mountain Gold Mining and Milling Co. Prospectus

Currency:USD Category:Collectibles / Mining Start Price:250.00 USD Estimated At:500.00 - 900.00 USD
Crown Mountain Gold Mining and Milling Co. Prospectus
SOLD
250.00USD+ (62.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 20 @ 14:29UTC-7 : PDT/MST
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1899, 23pp, soft cover. Beautiful gold gilt on blue cover illustration of the Crown point mine. Officers of the company were General A. J. Warner, president (of Marietta, Ohio), Colonel J. H. Moore of Dahlonega as Vice president, J. F. Moore, secretary and superintendent of mines. Also on the Board were L. K. Donavin of Delaware Ohio, J. B. Clemens of Dahlonega, and J. F. Moore. Illustrations in the prospectus are of: buildings of the North Georgia Agricultural College (the US Branch mint site and building built upon the Mint foundations), an hydraulic mining scene, the Cane Creek Faklls, a map of the Dahlonega gold district, a view of Crown Mountain the Reed cut on the Columbus lot, the preacher Cut.



This attractive prospectus describes a property directly adjacent to the Dahlonega Consolidated. Curiously, both were financed or at least managed by Ohioans. The Crown Mountain controlled by direct ownership (fee simple) the Crown Mountain, Preacher, Griscom, and Columbia mines, all located on Crown Mountain, located within a mile of the Dahlonega town square. The mines are on strike with the veins of the Findlay, Lockhart and Hand mines. The mines are composed of gold bearing quartz veins in schist. There are typically decomposed at and near the surface, such that the term “saprolite” was used historically to describe this highly weathered rock.



This company took the usual road to understanding and evaluating ore deposits: “It is the unanimous opinion of expert assayers, hydraulic engineers, local miners, and old-time prospectors who are acquainted with these properties that when water is supplied and a mill erected with suitable appliances for treating the ores, that the company cannot fail to earn good dividends on the amount of its capitalization.” In short, they acquired the properties but had absolutely no idea quantatively of how much gold was there, or whether the venture was remotely economic. It was all based on the old human discipline of hope. The prospectus does quote a number of assays, but no ore was defined, blocked out, and made ready by the usual science of mining geology and engineering, a common fatal mistake of many mining companies with would-be experts at the helm. Published assays of a quarter to several ounces per ton gold are made, which were undoubtedly some of the highest grade samples taken. The company used the Dahlonega Consolidated assayer, Ed Peacock for the work. The second part of the prospectus is filled with “opinions of leading citizens and miners”, with comments such as “I am not a miner…” which should have scared any reasonable businessman or investor right out of the room..



Jones, in 1909, reported that the company used hydraulic monitors to strip away the saprolites (weathered rock with quartz and schist), sending the detritus through a series of flumes to a milling plant located a mile away. The quartz was separated and crushed in a stamp mill. It was out of operation by 1909. Overall the prospectus is much more attractive than most, beautifully laid out with a very attractive cover. This piece has an outstanding provenance, from the George Vigouroux Collection, a man who compiled mining company information for the American Mines Annual, published from 1899 to about 1908. (Al Adams Gold Rush Memorabilia Collection) Date: 1899 Location: Dahlonega, Georgia HWAC# 57014