Show I H fr HEV NEVADA AOA HILLS I Ir r I OPTION IS Off l I Company Will Now Get Down Downto to Business and Open Its t Mine at Depth f f 1 J J It is alt all 1 off 7 cere will WU be no DO deal da dar 1 J I r by the Nevada com company comI m j Deny pany with the Ole crowd Friday I was wa aa a day dy of conference between the th thI 1 I directors of the Nevada Hill HII company i and Charles B E Knox representing Mr field and when they were con cofi 11 1 the Wingfield side had surrendered p f dered dared Us its option to take over control at a aa a share Mr lr Knox had made an another j r other o ler proposition which In turn was wall promptly turned down by b the Nevada 1 Hills and both sides took their dish r and went home And the th general sen sentiment lJ It 14 yesterday esterday was It is just juat aa as asi aei i m i well weIl F Speaking for his hi company Secretary i W H Clark Cark stated yesterday that the j C stork tok option which wilch the Wingfield crowd held on the Ole company stock e ex expired 1 pared Friday that Mr Knox as a Mr r personal had made another proposition which iA t than the j i in some ome me respects was better i fleet first one It involved a plan of con consolidation cont conr t r i with Wingfield properties and andI andi i I the providing of working 4 I capital c by the Interests The r I proposition was waa rejected and nd all negotiations i j U were declared as liS ended 1 Following the termination of negotiations f I with the interests int rests j I said a d Secretary Clark the directors of II I the Nevada Hills Hill company held hekt a Ii meeting and anel decided to inaugurate a al l broader campaign of or mining and devel development development development than has ever eer yet been at attempted r ii tempted by the company The treasury 1 n Is I In splendid shape sha to carry through I everything contemplated d and Inside Ineide of ofT I T six sI 61 months we expect to have all allt allI I t kinds of good news new to report The I shaft will be ed at once with a I fifty horsepower hoist and a i compressor plant and the development I of the mine at depth will wilt be pushed I with the utmost speed We Ve have got sot a great deal of good ole oje exposed In the mine from the tOO OO foot level up and in estimating e the value alue of the mine the engineers for I understand did not count anything below the ZOO because the ore was not blocked out The shaft hatt is IsI I down feet but no ore has haa been de do developed there nothing but a streak of encountered In cutting I the station being belnE In evidence The ore was cut on the thc level but no work 1 i has been done there as yet On the j IE foot level we have gone out forty fort forti i iiI 1 feet in feet of WOO OO ore but that is isas Isi Isas i as far as development has progressed ji t there With the installation of or a new Ii t hoist and a large compressor we shall be in shape to go deeper and at thet the t I t same time develop the mine miRe down to toj toj j f 1 the tOO level That is the plan of ac action act r tion we have determined upon and I Iam Iam Iam 4 t am confident that we shall all be glad fl before long lon that no deals have been t i made |