The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-12-24
CLARK BUYS RICH
CANADIAN Mine
Especial to the Silver State)

mine, declared by experts to be the
largest and richest silver-lead property
in the Dominion of Canada, has been
acquired by Patrick Clark, of Spokane,
on the basis of $2,500,000 cash for the
holding. The property is located near
Silverton, b. c., and four miles from
New Denver. The vendors are John
A. Finch, of Spokane, and George H.
Aylard of Silverton. Interested with
Mr.. Clark are are A. B. Campbell,
prises for 25 years, and Colonel w. j.
G. Waefeld, of Spokane.
Mr. Finch, who retains 25 per cent
of the stock, will join Mr.. Clark and
his associates in the Standard Con-
solidated Mining company, which will
develop the property. The property
was originally bonded for $4,000 by
by Mr.. Ayland, and Mr.. Finch financ-
ed the enterprise for a half interest
in the mine. Thus Mr.. Ayland became
a millionaire without the investment
of penny.
"The bonanza ore shoot was encoun-
tered about six months ago. said Mr..
Clark in statement after the deal
was closed, adding: cit is the largest
body of high-grade silver-lead / ever
saw. The No. 5 tunnel level, in which
the development of the ore body is in
progress, is about 400 feet from the
surface. 1t now has been driven IT'S
feet on the ore shoot. When first
struck the shoot was IL feet thick.
Where crosscut, at the present face, it
is 40 feet wide with only one wall
in sight.
From this ore body my experts
and myself took 36 cold blooded sam
pies. They averaged 38 per cent lead
The ceanest of the ore taken out while
this level was being driven was sent
to the smelter at Trail, B. c., and av-
eraged $62 ton metz
Mr.. Clark also said that while most
the ore exposed In the mine Is good
enough to ship direct TO the smelter,
tramway and concentration will be
installed at once with view to having
it in operation next summer.
The men who are now associated in
the ownership of the mine have been
partners in many large and important
minig enterprises in Washington, Ida
no and British Columbia for years,
among their interests being the Stand
ard and Hecla mines in the Coeur
d'Alenes, the War Eagle at Rossland
and the Republic at Republic, Wash
The sale of the Standard is the re-
suit of brief description of the prop
erty, which appeared in local news
paper the latter part of October. Hav-
ing satisfied himself that the informa-
tion contained in the item was cor
rect, Mr.. Clark opened negotiations
with Mr.. Finch. who promised Mr..
Clark an oppt tunity TO buy in the
event he and MIR. Aylanrd desired to
sell While on the Pacific coast Mr..
Finch was approached by Henry
Keogh, an expert in the employ of
Volney d. Williamson, of Spokane,
who requested permission to re-exam-
inc the mine and bid on the property.
This was granted.
When Mr.. Finch returned to Spo-
kane he arranged to meet him and Mr..
Aylard with view to making an i'm
mediate inspection and bid for the
property. Mr. Finch then informed
him that, in redemption of an earlier
promise which had escaped his mem
ory, Mr.. Keogh had been given the
sole right to purchase the property on
or before December 5, provided price
satisfactory to both buyer and seller
could be agreed on. Nothing was left
for Mr.. Clark to do but sit still and
hope that no sale would follow.
"Brick' Bresnahan and mike"
Sullivan, practical mining men, accom-
panied by ]. f. Porter, a mining en-
gineer, were dispatched to Silverton
by Mr.. Clark the morning of Decem-
Der 6. They examined, sampled and
mapped the workings of the mine, their
work being completed by midnight De
eember Q. That same evening Mr.
Clark arrived at the mine, spent all
night in the workings and returned to
Spokane the next day. AS soon as the
results were obtainable from the 36
samples he had caused to be taken of
the property, he began negotiations
with Messrs. Finch and Aylard for It's
purchase.
After Mr.. Keogh had secured the
written option from Mr.. Finch he was
Joined by w. F. Ferrier of Toronto,
Ont, mining engineer formerly en-
ployed by the War Eagle company at
Rossland, b. G. and now representing
syndicate of Canadian millionaires.
They spent three weeks in the examin-
alton of the property, with the result
that only few days were left for neg
citations following their arrival in Spo-
kane. However, they did not give up
hopes of securing the property until
December II, when they were informed
that an agreement for sale to MT
CLARK had hepn reached
The Canadian syndicate represented
by Mr.. Ferrier was not the only bidder
for the property volney d. William
son had endeavored to buv it. Before
he left Spokane for New York to close
up the sale of the Mexican properties
owned by himself and Mrs. Cloman,
widow of V. M. Clement formerly man
ager of the Bunker Hill and Sullivan
mine at Wardner, Idaho, he said that
"Bill Springer" an expert in the em.
ploy of Finch and Campbell, and told
him of the remarkable development OF
the property. While he had believed
Mr.. Springer's report to be greatly
exaggerated, he was sufficiently I'M
pressed to send his expert to examine
lit. Mr.. Keogh's report was so enthusi-