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Show TEN-BfllLLION-DOLLAR MINING DEAL CLOSED MONTEREY, Mcx., May l.-One of tho. largest mining deals that has ever been consummated In the republic won the. taking over of tho Velordena Mining and Smelting company's property by tho Guggenheim Gug-genheim Exploration company. Tho dcnl was closed on a valuation basis of S10.CO3.-000 S10.CO3.-000 gold, the Guggonhelm Exploration company acquiring a 60 per cent Interest In nil tho company's holdings, paying J5.0CO.CO) In cash and guaranteeing to expend $1,000,000 more In Improvements nnd developments. The othdr 40 per cent Is held by the Velordena.- In which E. AV. Nash, Matthow Dnhlgren. Charles WIN helm and the estate of James M. Matthews Mat-thews are stockholders. alio mining -claims comprlso about GO00 acres. |