Churchill standard. (Fallon, Nev) 1903-1908, 1905-12-23
Mine
New Company Has FRONTS
ing Property Under De-
velopment.
Treasury Stock Is Being Sold and
Contracts Let.

Van r. Elliott. civil and mining
engineer, of Paso Robles, California,
who last fall discovered ledge in Silver
Hill Canyon, some - miles northeast
of saltwater, was in Fallon, Thursday
on his way to California points.
The group of claims taken by Mr..
Elliott have been made the base for the
incorporation OF company, known as
The Silver Hill Mining Company which
is composed OF representative mining
men who propose to go ahead III Il
business like manner and exploit their
property. The officers and directors OF
the company are: \. 5. Watson, Of
Tonopah, president; Van X. Elliott, of
Paso Robles, vice president and general
manager; c. W. Hawks, of Tonopah, +,
secretary; c. Seidman and Lyman
Brewer, both OF Paso Robles, com
plete the directorate.
According to Mr.. Elliott, all pro-
motion stock has been disposed OF to
good advantage, and II goodly sum is
already available for development work
In the meantime it is the plans OF the
companyto place in the nelghborhood
of 800, 900 shares OF treasury stock upon
the market, at = > cents per share.
1t is figured that the price named Is
anything but eXhorbitant when the
future OF the mine is considered. Al
ready an immense ledge OF ore ayerag
ing 800 feet in width has been un-
covered, which is very rich in silver
and lead in addition To carrying
average values in gold and zinc. The
character of the rock is smelling, but
there is AuXing minerals in such large
quantities that outside smelters will
readily agree to treat it free of charge.
by running tunnel 700 feet Il large
part of which is already eontraeCef for
it is thought that the ledge will widen
and the rock increase in richness, in
which event, mill to be erected
bility.
Another feature that lends practica-
bility to the future working of the
mine is the fact that it is situated on
the west side of the Saltwater range oi
mountains, and is now only 30 miles
south of the railroad. 1t adjoins the
group OF claims owned and worked by
Charles MARTINEZ but has an advantage
over the latter's group OF claims by rea-
son Of that fact that the MARTINEZ group
is ON the opposite of the saltwater
range, making transportation difficulties
manifold. In spite OF this fact how
ever the MARTINEZ group OF claims
have been eagerly sought by capital
for a long time and deal is even now
on between Mr. Martinez and New
York capitalists that will likely result
in the taking OF the claims over by the
latter, at a price that is said to be III
the neighborhood of SIC, 600.
The section in which these mining
properties are situated has long been
recognized as being replete with
mineral possibilities and to use the ex-
preston of the old prospector, 'is
bound to pan out but difficulties
created by isolation have constituted
the handicap that has prevented their
exploitation With the mining de
velopmcnt now in progress in this state
it is not thought but what it will be
instrumental in bringing to the fore a
number OF Churchill properties. 1t is
significant that Tonopah parties promi-
nent in the mining development Of
that section should interest them
selves in the Silver Hill property and
the fact augurs well for its future.