Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1927-07-30

The officers of the company are
Harry Lee Martin, president; Fred
b. Piehl, vice-president; and
George A. Tweedy, secretary and
treasurer. These, together with
James Irvine, Jr., and Earl M.
Leaf, comprise the board of di-
rectors.
The company owns the Galena
Consolidated patented mining
claims; Galena West Extension;
Galena East Extension; Lucky
Strike and Lucky Horse Shoe
claims. eOptions are held ON three
other patented claims.
The property was taken over
~ the Argentena about March l,
1926, from Mr.. Fred B. Piehl, who
has been operating in the district
for Is years and successfully de-
yeloped the Kirby, and worked on
lease the Mountain Top and other
valuable mines in the district. The
development of 'tae Argentena IS
being done lnder the direction of
George A. Tweedy, engineer in
charge of operations, and Super
intender. Fred B. Piehl.
The authorized capital of the
company IS 100000 shares, par
value % cents, of which 2,505,000
are outstanding. There is no
treasury stock for sale to the
public, but the shares are. listed
on the Los Angeles Stock Ex-
change for the purpose of estab-
fishing a stable market price. The
first call on exchange was Mon
day last, the stock then being in
demand at 35 cents.
The company has complied with
all the California requirements
for listing and has appointed the
Title Insurance & Trust Company
as its registrar.
To Clark county, the develop
ment of the Argentena is mat
ter of great Importance and
short description of the property
and its equipment will prove of
interest.
The claims are located on d
ridge above the surrounding coun-
try. The camp was established
on the west side Of the ridge, that
being the most convenient point
at which to do the development
work.
From the camp, a tunnel was
first cut directly through the hill
for the purpose of exploration.
1n11
was driven through and the work
of cutting drifts. cross cuts and
raises to expose the. ore was car
ried on. The underground work
now totals between $500 and 5000
linear feet
$4,000 tons of ore, which will re-
turn a profit of $1,000 per ton or
better is ready for the mill now
under construction. Shipping of
high grade ore which does not
require milling will be begun as
soon as the cable tram is COM
pleted, before the mill is ready
for operation.
The mill is being erected at the
eastern portal of the tunnels, that
being nearest to Jean, the railroad
shipping point, from which it is
distant s miles, the grade being
all down hill All ore and conf
centrates will be transported to
the railroad by trucks.
The mill will be of 200 tons per
day capacity, the first 50-ton unit
of which is under construction. In
excavating for the foundation of
the mill, eight benches were cut.
AS power for this work the water
line between the camp where. the
air compressor is located, was
utilized as an air tube, compressed
air being forced through for a
distance of $500 feet to run the
air drills. The compressor is a
60 hip. C. P. Semi Diesel, from
which all development has been
done
The mill will be equipped with
the selective type of concentra-
tion and flotation. The concrete
piers for the machinery are being
poured and all machinery for the
first unit is on the ground. It
will be ready for operation in
about weeks.
Connecting the mill with the
eastern portal of the mine is an
automatic aerial gravity tram g.
500 feet in length. This win drop