Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1912-03-23
WHY WINGFIELD
LET JARBIDGE
OPTION PASS
ASKED FOR EXTENSION OF TIME
AND REDUCTION IN PRICE;
WAS REFUSED.

In view of the comments that
have been going the rounds of the
press recently in regard to the
Jarbidge situation, George Wingheld
has given the following interview
to the Elko Free Press:
1t is generally well known that
Mr. Wingtleld has taken options
on several Of the most promising
properties in the Jarbidge district,
particularly the Success and Buster
groups, and was expanding a con-
siderable sum of money in their de-
yelopment when operations sudden
ly ceased and word was given to
the public that he had forfeited his
options
Asked as to the reason which led
up to this action. Mr. Wingfeld
very kindly made the following
statement
There was a payment of $4,000
falling due on the Success group
March 5th, but owing to the fact
that the lower tunnels had failed to
encounter ore of commercial grade
did not feel warranted in making
this payment without being given an
opportunity to make further explor-
alton In a conference with the
owners shortly prior to this date,
they were advised of this fact and
also that | considered the price OF
the property as originally set by
them. too high. The proposition
was put to them that if they would
grant a reasonable extension of the
option and make a satisfactory re
duction in the purchase price,
would continue the exploration and
development work They would no
agree to this and the option was
forfeited on March 18th. While tn,
payment on the Buster propert,
did not fall due until June 1,
= did not feel warranted in proceed
ing on the property without tn,
other, and therefore released thi
option also Ny action should no
| be accepted as a knock to the dis
triet, for it is not so intended
| While the camp looks very good
personally I did not consider tina
its present showing would iustif
the expenditure of a large amour
of money in development and tn
building of plants. OF course fur
Their development might open u
very large bodies of milling ore
| There is now considerable millin
ore developed in the district, an
hundred ton milling plant lyin
- idle that could be used in col
- nection with these joint propertie
and the owners could carry on mil
ing and milling operations there fC
some time to come. on a small seal
and make a fairly good profit
Il want to say this, however
IthV ONhtiS VI lhG piOp1ihN HlNtu U
to their part of the contract, al
- solutely, and did also 1t VIZ
simply and purely difference {
opinion as to whether the priC
should be reduced and the tin
extended When a mining propos
ton or for that matter, anythir
else. makes good. | feel that Il
original owners should not be 10
sight of. and he is entitled to h
chance as we'll. have no complai
to make of my treatment in tn
. instance and / think the owne
II will agree with me that they ha'
II none either"
iii The Free Press has been infori
ed by one of the owners of 4
II property, that they still consider {
III price asked a fair one and now ha
under consideration offers from OF
er sources for the same proper
as Wingfield had Definite news W
be given our readers in a few da,