The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1917-07-12
SECURE LEASE ON
THE NATIONAL MINE

Word has been received from Geo.
Z. Parish, mining engineer for the
National Leasing Company. who re-
Gently returned East after examining
| the company's leasehold on Charles
| ton Hill, that deal has been con-
summated whereby the National Mines
Company has executed lease to the
National Leasing Company. The lease
is dated July Is, 1917, and the lessees
will Immediately begin active work
prospecting their ground through the
workings of the National Mines Com
pany.
Concerning the deal above men
toned, this weeks issue of the Indus
trial & Mining Age has the following
to say:
The workings from which millions
of dollars of the highest grade gold
ore recorded in the history of Ameri-
can mining have been taken from the
National mine have become the en-
trance and passageway through which
the National Leasing Company will
work its holdings in Charleston Hill,
adjoining the famous National prop
erty. BY the terms of the lease en-
tered into during the past week be-
tween the National Mines Company
and the National Leasing Company,
the latter obtains the use of the en-
tire equipment, the shaft and the
eighth-level tunnel of the National
Mines Company, and is thus enabled
to begin at once operations that will
enable it to strike the famous Ma
tional gold-bearing vein at depth of
1900 feet within four months.
There were two apparent and su-
perficially obvious means of access
to that part of the National vein ly-
ing in National Leasing Company
ground. A considerable start toward
prospecting and developing the vein
had been made more than once by
insufficiently financed enterprises
that at different times had owned or
had the privilege of operating on the
Charleston Hill claims. A tunnel
5000 feet long-the White Rock tun-
nel-had been driven through adjoin-
ing claims to the vein at a depth of
700 feet below the surface. A shaft
the Kennedy-McDonald shaft - had
been sunk to depth of 4S0 feet from
the surface into the vein. 1t was the
original expectation and intention TO
continue one of both of these earlier
workings. Consulting Engineer Geo
e. Parish reported in favor of the
third alternative, a plan so feasible,
so economical both of time and money
expenditure, and so thoroughly prac-
ticable from every viewpoint, that its
adoption was only question OF the
acceptance by the National Mines
Company of the proposal of the Ma
tional Leasing Company. The Ma
tional Mines Company had a mine
fully equipped and in actual operation.
What more reasonable, logical or
more mutually satisfactory arrange
ment than for the National Leasing
Company to take over the mine equip
ment, shaft and workings, and ex-
tend operations into its own prop
erty?
The National Leasing Company's
ground lies at the top of steep hill
The National Mines Company's claims
lie well down the slope of the hill
To begin operations at the bottom of
the existing Kennedy Mcdonald shaft
would mean starting in at depth of
only 4S0 feet from the top of the hill.
To extend the White Rock tunnel hor-
izontally would strike the vein only
700 feet below the National Leasing
Company's surface. Because of the
slope of the hill, the eighth level of
the National Mines Company's work
ings will encounter the vein in the
National Leasing Company's ground
at vertical depth of 1900 feet-an
advantage which those who are not
even mining experts cannot fail to
realize. since experts familiar with
the ground agree that the chances of
finding ore shoots are here increased
by depth.
On Mr.. Farish's return from his
inspection of the property he went
to Chicago to negotiate with the own
ers of the National Mines Company
On July terms were agreed upon
and the contract was approved on
July by the New York attorneys of
the National Leasing Company. Un-
der the terms of the lease the entire
installation of the National Mines
Company. constituting a completely
equipped, modern mining plant. will
be turned over to the management of
the National Leasing Company on
July 10.
The installation thus acquired in
eludes bunk houses for the miners,
machine shops. a ten-stamp mill, an
S0-horsepower oil engine, electric
generator, air compressor, hoist,
pumps. rock drills and all the neces-
sary buildings. equipment and para
phernalia of a mine All of the DrOD-