OCR Text |
Show FAILURE OF ANTELOPE SPRINGS MINING DEAL The news that George Wlngficld' had refused to exercise his option on the Antelope Springs property at the" price of 5225.000 has not served to dampen the aidor of the stampeders from Goldflcld and elsewhere, for the rush to the new district continues unabated. un-abated. The reason this refusal has not hurt tho camp doubtless lies in the knowledge that the terms or the option were a bit topheavy for a proposition prop-osition of the age and dimensions of the group of claims involved, Woid fiom Gpldfield Is that Mr. Wingfleld was to pay $15,000 upon exercising ex-ercising his option". ?G0,000 was to have boon paid upon the oxplration of two mpnths from acceptance of the-option. the-option. $75,000 was to have been paid In six months, and the balance of 375,-00n 375,-00n in one year. As far as can be gathered, tho property has not been sounded to a depth of over ten feet, and whllo tho vein looked big and rich on the surface sur-face it hardly would prcsont itself as such a glaring bargain that Wing-field Wing-field could afford to make the payments pay-ments as stipulated. This might have been done easily in the early days of the' Nevada resurrection period) hit for a ten foot hole this was a pretty big sum to pay. Surface values are said to have run as high as 2,000 per ton, mainly siher. on |