Jumbo Mine: Difference between revisions
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In 1936, mining engineer and former U.S. President Herbert Hoover visited the mine and told Austin that he should hold on to the property. When Austin offered to pay Hoover for his advice, Hoover stated "That kind of advice is free."<ref>Time Magazine, "[http://time.com/vault/issue/1936-08-31/page/49/ Jungo's Jumbo]," Aug. 31, 1936</ref> | In 1936, mining engineer and former U.S. President Herbert Hoover visited the mine and told Austin that he should hold on to the property. When Austin offered to pay Hoover for his advice, Hoover stated "That kind of advice is free."<ref>Time Magazine, "[http://time.com/vault/issue/1936-08-31/page/49/ Jungo's Jumbo]," Aug. 31, 1936</ref> | ||
In 1937, a group of Texans place an option to buy the mine for $10,000,000<ref>Time Magazine, "[http://time.com/vault/issue/1937-06-07/page/82/ Jumbo Optioned]". June 7, 1937. pp. 68, 70.</ref> | In 1937, a group of Texans place an option to buy the mine for $10,000,000.<ref>Time Magazine, "[http://time.com/vault/issue/1937-06-07/page/82/ Jumbo Optioned]". June 7, 1937. pp. 68, 70.</ref><ref>Frank C. Calkins, George J. Young[https://books.google.com/books?id=QOKyIocv7q0C&lpg=PA3&ots=ZABu0OnMLs&dq=%22Jumbo%20Mine%22%20nevada&pg=PA20#v=onepage&q=%22Jumbo%20Mine%22%20nevada&f=false B030b: Gold deposits of Slumbering Hills, Nevada]," p. 19-20, 1938.</ref> | ||
== References == | == References == | ||
Revision as of 18:18, 10 January 2016
The Jumbo Mine is a former gold mine located in the Slumbering Hills region, 30 miles northwest of Winnemucca.[1]
The Jumbo Mine was discovered on January 29, 1935 by "Red" Staggs and Clyde Taylor.
In 1936, the mine was purchased by George Austin of Jungo for $10,000 with $500 down.
In 1936, mining engineer and former U.S. President Herbert Hoover visited the mine and told Austin that he should hold on to the property. When Austin offered to pay Hoover for his advice, Hoover stated "That kind of advice is free."[2]
In 1937, a group of Texans place an option to buy the mine for $10,000,000.[3][4]
References
- ↑ Helen S. Carlson, "Nevada Place Names: A Geographical Dictionary,", p. 147.
- ↑ Time Magazine, "Jungo's Jumbo," Aug. 31, 1936
- ↑ Time Magazine, "Jumbo Optioned". June 7, 1937. pp. 68, 70.
- ↑ Frank C. Calkins, George J. YoungB030b: Gold deposits of Slumbering Hills, Nevada," p. 19-20, 1938.
Resources
- | GNIS
- Variant Name: "Austin Mine", Citation: "Original township survey plats, published in the 1800's. 1947"
- The New York Times, "GROCER MILLING GOLD FROM HIS OWN MINE: San Francisco Paper Reports $500 a Day Output at Jungo, Nev. -- Hoover a Visitor", August 18, 1936.
- Berkeley Daily Gazette, "Epochal Gold Rush Expected at Jungo," August 29, 1936
- The New York Times, "A Dream of Gold Comes True," September 13, 1936. Includes images.
- The New York Times, "SUES OVER JUMBO MINE: Lender of $50 to Aid Gold Project Asks Third of '$50,000,000' Claim," November 5, 1936.
- Time Life Magazine, "photos of Jumbo Gold Mine-Jungo Nevada-Summer Geo. Austin And Family-Owners 1936." 195 photos of Jungo in 1936. Excellent photos
- | Jumbo Mine (Westernmininghistory.com) Includes geological references.