The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1917-11-17
FACE OF NATIONAL.
SHOWS MINERALS

National Leasing Company shares
sold to close at cents on the curl
in New York last Saturday, unchanged
for the week. This compares with q
recent high of 30 cents and an initial
subscription price of Is cents. The
following report was received Satur.
day from Elmer Pfouts, mine superin.
tendent in charge of the Nationa
Leasing Company's property. at the
company's home Offices in New York:
Entire formation of the face of the
drift is very highly mineralized, show
ing small seams of antimony in the
quartz-a very good indication"
The significance of encountering
small seams of antimony in the quartz
may readily be seen from the follow
ing extract taken from Geological
Survey Bulletin No. COL, page As: "on
the joint planes of quartz in the rich
oreshoot there is also more or less
pyrargyrite, or antimonial ruby silver
(sulphides of arsenic and antimony)
In places there are also fiat punches
of stibnite needles (stibnite is sui
phide OF antimony)."
The foregoing. together with Wal
demar Lindgren's statement that
there is practically no difference in
the appearance of the vein within or
outside of the oreshoot," is indicative
Of the possibility ahead of the devel-
opment work of the National Leasing
Company.
Consulting Engineer Arthur Feust,
who returned to New York last week
after a prolonged stay at National,
matte development to locate oreshoots
of the property said: II feel highly
encouraged by the developments OF
the past week as reported in Superin-
tendent Pfouts' wires to the New York
Office. The development work has
thus far confirmed the high opinion
which l have of the property and the
possibilities which l believe are ahead
of us. feel confident, if we continue
the drift on the 500.foot level, that
somewhere within the confines of the
National Leasing Company's grouno
we will be successful in developing
another bonanza such as made Ma
tional famous less than ten years ago.
Gold is cratic in its occurrence in
quartz veins and 1t requires syste-
matte development to locate oreshooss
- especially high-grade oreshoots
such as occur in the National vein.
However, the meteorological condi-
tions are ideal. The frequent occur
renee of stibnite and pyrite, with
which the high-grade ore is intimately
associated, and the huge amount of
water encountered during the week,
indicate to me beyond a doubt that
the work which we are now prosecut-
ing Is in that portion of the vein
through which the mineralizing sold
tions travelled when they deposited the
bonanza orebodies, and we may b.
fortunate enough almost any day to
open another one of these treasut e
houses, the same as that from which
the National Mines Company produced
about $7.000,000 at a point about five
hundred feet from where we are now
actively prosecuting our own develop
ment.
From Lindgren's remark in a pre-
ceding paragraph it will be noted that
there is usually no warning in the
character of the quartz in the vein
when high-grade ore is approached.
No entirely satisfactory explanation
has ever been given of the causes
leading to the abundant precipitation
of gold in the National oreshoot. There
is no reason to believe that the solu-
tions which deposited the values IA
the vein were radically different from
those circulating elsewhere. except in
the large amounts of gold and silver
they contained, Surely it is difficult
to account for such abnormal concen-
trating of values by any theory OF
teaching by water from the country
rock. More likely this great quantity
of the precious metals was set free
locally at one point by deep magnetic
processes and carried up in the Their
NAL waters until a place favorable
for precipitation was reached. we
may be only a few feet from one OF
these places, or it may still lie hun
dred feet or more ahead of us; but
by systematic development of the
ground, if there is such point within
the company's territory-and there Is
ample room for several feel conf
dent that we will find it and that Our
efforts will be amply repaid"