Seneca Mining Company Stock, Badger Hill Mining District, Nevada County (79224)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:40.00 USD Estimated At:85.00 - 180.00 USD
Seneca Mining Company Stock, Badger Hill Mining District, Nevada County   (79224)
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Early # 42 for 2,000 shares to Charles Hegarty. Datelined Cherokee, Nevada County, Cal. 1888. This is a very rare (unique?) dateline. Signed by secretary JA Hustier and president J Hustler. Incorporated August 12, 1887. Printed by The Bancroft Company. "Location of mine, Badger Hill, Badger Hill District.". Faded. One vertical fold and two pin holes. "This mine is located on the mountain side just south of the Middle Yuba River and directly north of Badger Hill, being about two miles down the river in a direct line from the now famous Delhi. When the ledge was first discovered some of the loose croppings were crushed and yielded $2.50 per ton. A tunnel was then run in the hillside to strike the ledge at a depth of 100 feet and a crushing was taken out which yielded $10 per ton in free gold. The company then descended the mountain side and ran in a prospect tunnel 150 feet lower down or at a depth sufficient to give 250 feet of backs to stope out if found to pay. The lower tunnel reached the ledge a few days ago and is being run on the line of the ledge to determine its extent. The ledge thus far in the lower tunnel is over three feet thick and the rock shows some free gold. The quartz being taken out in running the drift ahead is being hauled to J Hustler's one stamp prospect mill to be crushed ascertain its richness." [Mining and Scientific Press, Volume 57, 1888] Prag collection

Date: 1888
State/Country: California
City/County: Badger Hill Mining District, Nevada County