OCR Text |
Show SILVER ZONE GROUP IS BASIS FOR DEAL A mining deal of far-reaching importance impor-tance was consummated on Wednesday when the Silverzone group of claims at Hannapah were transferred by W. F-Gray F-Gray and J. J. Clark to Louis Oneal, attorney for the Southern Pacific, with headquarters at San Joe, Cal., representing repre-senting a syndicate of San Francisco and other California, capitalists, says the Tonopah To-nopah Times. The property embraced covers a wide acreage and is considered to include the very cream of the mineral region which Is now known as Silverzone. 11 is understood un-derstood that 1 he new company to be formed will be liberally financed and that funds will be provided for the carrying out of one of the most extensive- campaigns cam-paigns of exploration ever attempted in this section of southern Nevada. W. C. Ralston, one of the moving spirits in the new company, will leave j immediately for New York, where the j matter will be laid before the big finan- ! cial interests who have agreed to finance 1 the proposition. From an inside source j it has been Teamed that the stock is ex- i pected to he listed on the New York curb : inside of the next two weeks, to be fol- i lowed by a call cn the San Francisco ex- j change at an early date. Hannapah, once the scene of consider- ! able mining activity, has lain dormant i for a great many y ears . hut the n e w company to be lormed purposes carrying out a well-defined campaign of development develop-ment that promises to place the district on the map in flying colors. Virtually belonging to the Divide district by reason of the extensive mineral zone which is now included in the Divide, miae.s of the Silverzone section will be credited as belonging to the Divide area. |