Yes- In late 1879, the San Rafael & Coast Range Company
had solicited financial backing from many leading citizens including the
Governor of California and the General Superintendent of the railroad. The
mining company was sinking shafts into the east slope of White's Hill above
today's Bothin Youth Center.
Newspapers reported much activity
for several months with glowing accounts of favorable early assay results.
By April 1880, however, activity had ceased with no explanation and with
speculation that the assay reports had been highly exaggerated. In September
1880, the mine's heavy equipment and tools had been sold at auction. The
"Fairfax Gold Rush" was over.