Wren Mine assay records, page 4

Adjoining the Wren is the Keystone mine, about six patented claims. The Wren has 4 patented. Together they have the possibility of making one of the big copper mines of Arizona.I have an oral agreement with the owner, who picked the claims up long after John T and abandoned them. My long stays in China and Korea and Central America kept me away from the Wren, although I did go to look at it in the middle 1930s and found it still intact. Also I had my Remington Hill Mine in Nevada County that I worked, and one mine at a time is enough.The price on the Wren and Keystone is good. I would not plan to work it longer than to make a nice little bit of money from it, and then sell it, probably after the best ore was mined out and shipped.I also plan, with the $5000. to do some diamond drilling. The drilling may show that the Keystone shaft, about 1000 feet from the Wren tunnel, could be run to hit the Wren ore bodies, which dip toward it, and a short drift could be run from the Keystone shaft to hit the Wren ores.Of course ore shipped from the Wren could be used for additional work or development, if that seemed the best plan, or returned to the investment kitty. That would depend on the way things progressed.The McNeil interests are buying everything they can around the Wren, I was told by the present owner, a retired West Pointer who has a big ranch near Wickenburg. He refused their offer, even though he and I had only an oral agreement.On my trip to the Wren, to look it over once more before starting work, Maguire (the owner) suggested that, in as much as neither of us were getting any younger, it would be best to have a written agreement. I agreed with him and it is now being completed. A very fair, sound agreement, with royalties of 10% on ore shipped, to apply to purchase. Although the purchase price is very satisfactory, I am trying to get it down a little more.From what Butler and Maguire told me I could sell the lease to the McNeil people-big operators- any time I wanted.This Maguire must be an unusual person. I have been in no hurry to get started on the Wren, in fact I have not started because I did not have the full amount of cash needed, the $5000. at the moment. When I learned that he had turned down a sale at a good price, I realized that he was one in a million. Not many men hold fast to oral terms and agreements, any more. That was done in the old days, and I guess because I was an old timer and Magure the same in a different way, some of the traditions of honor have not gone the way lots of things have.