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The USGS Mineral Resources Data System was used to find all mine locations. The accuracy of the positions and other details in this database has not been confirmed. Both mines should be considered to be on private land.
Lindgren describes the Cumberland as follows: “The Cumberland mine, located one mile north of Pine Flat, was closed in 1908. This is a gold quartz vein striking east of north and dipping west, according to details collected from T. Roach of Pine Flat. There are short drifts and the shaft is 350 feet long. The shoot to the north is said to have proceeded to the lowest workings, containing ore of $40 grade that was processed at Pine Flat in a 10-stamp mill. The gold is said to be free and visible in certain locations. At a depth of 90 feet, the water level was discovered.”
“It’s likely that when the workings met the Sulphide ore below water level here, as in many other locations, the conditions deteriorated. In the area of the Cumberland mine, there is rumored to be placer ground.”
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TradeBlock revealed on May 23rd that it is now serving Cumberland Mining, a fascinating trading firm. TradeBlock claims it will provide the company with a “order management framework and execution tool collection.” Cumberland Mining is a subsidiary of DRW Holdings LLC, a major trading company. This business is little known, but it is thought to have won 27,000 bitcoins in the US Marshals Service (USMS) bitcoin auction in March 2015.
Until now, Cumberland Mining was a bit of a mystery. Cumberland, according to Tradeblock, is a leading provider in the bitcoin and ether markets, specializing in over-the-counter (OTC) trading. OTC digital currency markets, according to the blockchain research firm, are thriving, providing “instant liquidity directly between banks and their counterparties.” Cumberland will be given a standardized toolkit that will enable it to link its markets in a coordinated and automated manner. Mike Komaransky, Cumberland’s Head of Trading, said in the announcement: