The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-03-14
GREY EAGLE FRACTION
MINING AND LEASING co.

This company, which owns the Hap
by Hooligan Fraction mining claim
and the leasing privilege on all of the
Grey Eagle Fraction until 1910. is in
corporated for 1000. 900 shares of a par
value of 81, of which $50, 900 shares are
retained in the treasury. The officers
and directors are: NJ. Scheeline, presi-
dent and treasury; Charles Worden.
vice president; Warren A. Miller. sec
rotary; e. w. King and Charles A.
Gehrman. Mr.. Scheeline is president of
the scheeline Banking and Trust Com
pany of Reno and is one of the most
conservative anker in the State. Mr..
Worden was one of the early pioneers
of the Klondike, where he made a large
fortune as a part owner of Nos. "a. 20
and 26, on Ell Dorado creek. He is now
one of the most successful operators
in the Rawhide district. Mr.. Miller is
vice president of Nat c.. Goodwin &
CO., Inc, of Reno. Mr.. King is the
biggest individual operator in the
Rawhide district, being president Of
the Rawhide Queen Mines Company.
the Rawhide Coalition Mines Company
and the Rawhide Balloon Hill Mining
Company. Mr.. Gehrman is president of
the Bank Of Rawhide. The Happy
Hooligan Fraction mining claim, which
forms the owning basis of the incor-
poration, adjoins the Hooligan and
Guess 1t claims of the Rawhide Coali-
ton Mines Company on the southwest.
and is one of the best-situated claims
in the district. The company is now
developing the Grey Eagle Fraction
on a 22h per cent royalty basis, under
a lease which runs until January 1,
1910. This ground. which consists of
about eight acres. is situated on Bal
loon Hill and reaches over to and on
Grutt Hill. 1t is surrounded by the
Mascot, Mascot No. 1, Wild West n
Balloon claims and the Balloon Frac-
ton, the bonanzas of the district. TIT
great Kearns Lease No. 2. which is now
opening up the biggest body of high
grade ore ever discovered in Nevada, is
situated on the Balloon Fraction, less
than fifty yards away. and the rich
vein passes directly through the Grey
Eagle Fraction into the Mascot No. !
claim, for which Eugene Grutt has re-
fused a lash offer of $500. 900. The
Kearns ledge carries the same values
where it has been uncovered in the
Mascot that it shows in the Balloon
Fraction. and it is an absolute GER
tainty h the Grey Eagle Fraction
will catch the ledge at it's richest point.
Next to the Balloon Fraction itself, this
acreage is considered the best piece of
ground of it's size in the district. Eu-
gene Grutt, who owns the controlling
in the Grey Eagle Fraction.
has refused an offer of $500, 900 for 1t.
The Grey Eagle Fraction Mining and
Leasing Company, which is running a
tunnel t, catch the Kearns vein st
last week cut nine feet Of mill
ore in a blind vein running parallel
with the Kearns vein. The tunnel is
now in about 1856 feet and it is calcu-
lated that it will encounter the
vein within the next sixty feet.
Day and night shifts are now prose-
development work. ]. G.. Flynn,
~well-known mining engineer, who
opened up the great Mohawk and the
at Goldfeld. this week
made the following report on the Grey
Eagle Fraction: g" hereby submit a
report on the Grey Eagle Fraction.
This fraction consists of about eight
acres, situated on the west slope of
Hill, in the very heart Of the
producing area, bounded on the east by
Mascot No. l, on the south by the
and Balloon Fraction claims
Of the Rawhide Queen Mines Company.
the west by the Wild West claim of
the Coalition, and on the north by the
Mascot claim. These claims are the
pick of the district. and there is ship
ping ore opened upon all Of them. AS
stated. your ground is bounded on the
by the Balloon and Balloon Frac-
The shaft on the Kearns Lease
Q is on Balloon Fraction and with
IN $50 feet of the Grey Eagle Fraction.
rbis Kearns shaft IN sunk on the con-