South Hite Gold Mining Co. - Stock Certificate (Uncanceled)

Uncanceled Stock. Mine located in Hites Cove, California. Engraved by Maverick & Wissinger, N.Y. Excellent Condition. The South Hite mine was next to the Hite mine, 16 miles northeast of Mariposa. It was heavily prospected, but little mining was done through 1882. A 500 ft shaft was sunk, and levels driven every 100 ft, but no appreciable ore was found. This was often the case in the sophisticated prospecting of the nineteenth century. Public companies raised significant capital to do work on mines next to or near good gold producing mines in the hope of finding a continuation of the rich ores on their property. But it was still a gamble and at the time this certificate was issued through at least 1888, no production was made. (Gudde - California Gold Camps, p. 157; 8th Report of the State Mineralogist, 1888, CDMG, p. 344.)