Consolidated Incorporated, the Experiencia Mine, and an option of the Lone Star Mine. All of these properties were contiguous On Jun 22, 1936 the NYHRMC signed a contract with the Government of Nicaragua to initiate a mining operation in the Pis Pis District of the Department of Zelaya. On September 11, 1936, the contract was transferred to Neptune Gold Mining Company. This contract included rights on an area long and wide. On January 14, 1938, it was decided to exercise the options. The properties and those acquired by purchase, were transferred to a new company, the Neptune Gold Mining Company, organized under the laws of the State of Delaware, with a capital stock of 20,000 shares of no par value. Its officers were: Harry A. Guess, President; William A. Prendergast, Vice-President; Forrest G. Hamrick, Vice-President; John C. Emison, Treasurer; Edwin C. Corson, Assistant Treasurer; George A. Brockington, Secretary; Howard L. Goodenough, Assistant Secretary. Its Directors were Harry A. Guess, William A. Prendergast, Forrest G. Hamrick, Clyde M. Spargo, and Richard F. Goodwin. On July 10, 1940, the contract with the Nicaraguan Government was extended up to July 23, 1946. On 1946 the contract was extended once more up to July 23, 1951. Mariano Argüello Vargas, acted in representation of the Neptune Gold Mining Company. The contract established an annual fee of US$0.25 per hectare to be paid by the Company to the Nicaraguan Government. Siuna Gold mineralization was first discovered in the Siuna area in the late 1800s by indigenous people that reported 'favourable results' from gold panning. At the end of the 19th century, José Dámaso Valle, a prospector from León who discovered 14 gold mines and registered them in his name in the Bluefields Registry Office. The first organized, small-scale mining was carried out by the La Luz and Los Angeles Mining Company from 1908-1928, during which time an estimated 523,000 short tons grading 0.25 oz/ton gold was produced. In 1909, La Luz and Los Angeles Mining Company, owned by James Gilmore Fletcher and his brothers, G. Fred & D. Watson Fletcher and Henry P. Fletcher, acquired a concession for mineral exploitation in Siuna. This company was based in Pittsburgh. Philander Knox was its lawyer. Adolfo Díaz, later President of Nicaragua, acted as secretary of the company from 1901 to 1910. In July 1936, the La Luz property was optioned by The Tonopah Mining Company of Nevada, in