Chattanooga Paper - The "Centennial" and "Lotta" Gold Properties, Coahuila. Mexico

These properties, owned by Mr. William A. Butcher, of Philadelphia, are in the Panuco Mountain, which lies about thirty miles southwest of the town of Candela. It is a granite which penetrates the surrounding limestones and contains the famous copper-mine to which it gives its name. This mine, which is the property of a company in Philadelphia, has long been known to produce gold as well as copper from almost all its parts; and in corroboration of this be it said, that the undersigned has washed gold from a number of places where the works of the mine or natural sections had exposed the decomposed granite to view in the state of kaolin. It is well known that these junction- or contact-planes between two different formations are often the lodging-places of much freemilling gold, which through fissures are sometimes carried long distances perpendicular to the strata and into the interior of the formation. The structure of the Panuco Mountain, with its outlying spurs and adjacent foot-hills, forms a most instructive and unusual study. At a rough guess the area covered by this mountain will equal, perhaps, twenty-five to thirty square miles ; but its singular feature is the intimate welding together of two formations into one topographical unit. The lines of division between the granite and the calcareous sandstone are of such complicated character that they could not be mapped on a small scale. Unlike the majority of such contacts, the divisions between formations are not always marked in the Panuco Mountain by gulches, valleys, and streams (or the dry beds of the latter), but in the portion of the mountain which lies south of the Panuco copper mine, the lines of junction of these formations cross the gulches and promontories, and, in some instances, cannot be traced by any such topographical features. The house of the Panuco copper mine is 3742 feet above oceanlevel (by rough barometric observation), and the gold-mine about to be described is 235 feet above this, and about two miles distant,