The Fallon standard. (Fallon, Nev.) 1920-1958, 1924-06-11

One or the largest mining ueds
consumated in Nevada since tn
Goldfield days took place late lasi
week in this city when seventeen
claims were transferred in the Cold
basin district to the Gillette O'DOn-
nell-Rosenberger Syndicate, a Los
Angeles company. The principals ii
the deal are King G. Gillette, j. e
O'Donnell and T. II. Rosenberger, Il
mining engineer. II. =. Zumwalt, fer
many years field man for the O'Don-
nell interests, is also associated witt
the syndicate and It was through hi.
preliminary work that the deal wa
made. 1t was through the efforts o.
William ]. Mulcoy. claim owne
and leaser In the district, that ths
Los Angeles capitalists became in
terested and Mr.. Mulcoy also assist
ed materially in rounding up the
claim owners and securing options
and the transfers of property.
Engineer Approves
Following a preliminary survey OF
the camp by Mr.. Zumwalt he sem
for Mr.. Rosenberger, who as min
ing engineer made a complete ex
animation of the properties and then
decided that 1t was worth while to
invest in the new district. Several
Tonopah and Goldfield parties had
been in the camp. but they waited
on development and have possibly
passed up the next real gold camp
in Nevada.
Mr.. Rosenberger following his ex-
animation and assay sadvised his
associates that he believed there was
the making of new gold camp and
on his word the ground has been
taken over under leasing bonds with
work guaranteed. which win either
make or break this prospective camp.
The ground taken over includes the
Miller, Knight, or a portion of this
property. Wilson ground and ada
cent claims, making a block OF Il
claims. The consideration figures up
s275,000, which will all go to local
claim holders.
Plan Development
In speaking of development Mr.
Rosenberger stated that the company
would rush work as fast as possible
as they were as anxious as the claim
holders to know what was under
ground II is understood that -four
shafts are TO be started two to be
sent deep. with the others az pros
pectiye development. Tie SHAFT Or
the Miller ground will be sent TO the
300-foot level. Drifts viii be sent
out on the 100, the 200-foot level
will be passed and drifting and GRO g
cutting will be carried on from the
300-foot station. This will probably
be the plan on the Knight ground
and possibly on the Wilson.
Development To Eell
AS explained by Mr.. osenberger
the next ninety days should tell the
story. as by that time development
will be along far enough to figure
the values in sight, the extent of the
veins and the character ef ore wit
that depth. This Is a fair proposi-
tion both to the claim owners and
the company. as it Will demonstrate
the actual conditions under ground
There Is no one claim holder in the
district with coin enough TO properly
develop his ground and il is the gen.
eral belief that Goldbasin will make
milling camp, and this would call
for additional capital. such as the
~ f,f i
Means Supplies
The taking over of the ground at
Goldbasin means considerable to this
city and section as II will call for
supplies and they will mainly be fur
nished from this city. Already truck
loads of material are on the way,
while building material is being for
warded to the camp. Several houses
are now in the course of erection and
inside OF another two weeks quite a
town will have sprung up at Gold
basin.
In order to carry out the program
of work outlined by the company
engineer 1t will require hoists. tim
ber and other material. as mines can
not be run In the old slipshod man
ner, as the state mining laws demand
that a safe shaft must be maintained
and every shaft must be equipped for
safety to miners. The work of Gold
basin will be of a substantial nature
and 1t Is the general belief that there
is another Goldfield in sight.
Others Busy
The Gold Basin Mining. Milling &
Development Company, the first in
corporation in the district, is driving
a tunnel to cross cut the several
ledges that crop on the surface, and
unless all surveys and formation fail
they should pick up the Miller ledge
at about $50 feet. The tunnel was
in lis feet at the close OF the week
and good progress was being made.