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Goldfield, Esmeralda County, Nevada
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Wilkie P. Garrison oversees Precious Metals company's promising mining lease in camp. Shaft at 670 feet; contracts let for sinking to 730 feet and 500-foot crosscut to St. Ives vein. Company switches to assessment basis successfully; stockholders supportive.
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Wilkie P. Garrison has been in camp this week looking after the interests of the Precious Metals company, which has one of the most promising leases in the camp. The shaft on the Precious Metals is down 670 feet and a contract was let last night for sinking to the 730 point where a station will be cut and a crosscut run for 500 feet. The contract for the crosscutting was also let last night, and Mr. Garrison returned to his Pasadena home today.
There seems to be no reasonable doubt that the Precious Metals will get the ore in its crosscut to the St. Ives vein, and the company certainly deserves reward for the persistency with which it has worked its lease. The company recently changed to the assessment basis, and Mr. Garrison says that it has proven an unqualified success, as assessments have come in fine, the stockholders being perfectly willing to put up a little more when it might mean so much in the way of results.
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Location
The Camp, Pasadena
Event Date
This Week
Story Details
Garrison visits camp to manage Precious Metals lease; shaft down 670 feet with contracts for further sinking and crosscut to St. Ives vein; company adopts assessment basis successfully, gaining stockholder support for potential ore discovery.