The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-09-01
PELTON
TELLS OF NATIONAL

E. Pelton and Directors s. q. Scotten
and j. G. Snydaker to Salt Lake City,
the former gave out the following in
teresting interview to the Tribune:
j. Il. Pelton, president ard general
manager of the National Mining Com
pany of Nevada, and s. G. Scotten,
treasurer, J. G.. Snydacker and G. w.
Buckley, all heavy stockholders of the
organization, are in Salt Lake City
from the mine in Nevada. The Ma
tional mine is becoming known to
fame as one of the most remarkable
gold mining propositions ever brought
to light in the western country, it's
demonstrated richness partaking 50
much of the boasted prospective miner
al wealth of so many Nevada prospects
during the past few years that these
officials were by no means willing to
discuss the conditions of the mine when
seen by the Tribune last evening.
"We are just from the property" )"
said Mr.. Pelton, "my associates be-
ing eastern men who are returning to
their homes. We have purchased from
the P. c. Richmond Machinery com
pany some missing parts of our new
mill, and / will return to Nevada to-
morrow"
When urged for some details of this
Nevada gold mining proposition of
which the press is saying SO much, Mr..
Pelton said:
"The National property was pur-
chased over a year and half ago, but
it was tied up by litigation for a year.
Four months ago operations were
started, and during these four months
we have produced twelve and one-half
tons of ore which produced over 81, ,00o,-
600. This ore was treated by a smail
pan arrastra mill, and our larger mill,
a plant of thirty tons caacity, was
started last Thursday.
"This twelve and half tons of gold
ore came from the high grade rock
taken out along with 5000 additional
tons which viii range in value from
$40 to $4,000 per ton in gold. This
5000 tons is now ON the dumps await
ing treatment. Ore began in place and
in paying quantities at depth of
eighty feet, and it is now followed to
the 450-foot level. We are driving
for it in a lower working which will
give us 700 feet of depth. and we
should strike it in few months.
AN average of the vein is three AMI
half feet in width, in which the
high grade occurs in shoots, of which
we have found -FOUR already. the longest
shoot being $50 feet in length. the high
grade ranging from one half of an inch
to eight inches in width. Our dumps
contain a fair representation of what
the vein, outside of the Eigh-gra ore,
will average in gold. We are having
a rather strenuous time of it in protect
ing ourselves. The mine has been held
up on one occasion, and about $4,000
worth of ore stolen. 1t costs us as much
to guard the mine and our bullion ship
ments as it does to mine and mill the
ore. Two automobiles are employed in
bringing ont the bullion, and these ma
chimes are under heavy guard.
"The National company is capital
lied for 100000 shares of stock. of
which 100000 shares are issued. We
have declared three dividends on the
stock, five cents per share each. Don 7
make your story appear too big. Peo-
Pile will not believe what you say, and
the officials do not care whether the
world believes or not.''
While in Salt Lake, the National
visitors inspected the local government
assay office, and it may be that Salt
Lake will succeed in securing some Of
the gold from this property.