The indications are now that the Rich-Cog Gold Mine, better known to the people of Montgomery as the Coggins Mine in the Eldorado section, will start operations soon. The report is that the property has been leased by a strong company from one of the northern states and that work of draining the shaft has already begun. It is reported also that the leading company plans to install the cyanide process of working the ore, which is a more thorough and saving process than the one hitherto used on this property.
It is said by persons who know, that the machinery and equipment on the ground are of the best, and that it is one of the best equipped mining plants anywhere in their part of the country. Developments are anxiously awaited by those interested and if the leasing company finds the proposition a paying one, projects of vital interest to this part of the country are expected to be forthcoming.
Eldorado and the property above mentioned are in the heart of the Uwharrie Mountains, a section famed throughout the East for its mineral resources and perhaps admitted to be, along with its outlying ridges and plateaus, the greatest gold-producing area east of the Mississippi. It is ardently hoped that the above undertaking may prove to be an entering wedge for a wave of renewed and productive mining activity in the county, and that more detailed reports of the county’s operations may be given later.
From the front page of The Montgomery Herald, Troy, N.C., Thursday, May 27, 1926
newspapers.digitalnc.org/lccn/sn98058841/1926-05-27/ed-1/seq-1/
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