Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-06-18
AN IMPORTANT
COMBINATION
Consolidation Of RAY {
O'Brien and Ray-TOnOpah.
The AmaIgamatiOn Means the Vigorous
Development Of Both Mines and
Regular Shipments,

A consolidation fraught with poten-
tialities for the Tonopah district in
general and the Ray district in par.
ticular has been effected by ]. l..
Makeever OF the firm OF Makeever
Bros. Of New York and Chicago and
awaits only the necessary legal for
malities to be complied with, to
cOnsummate the transaction. Mr.
Makeever has carried through the
amalgamation OF the Ray Tonopah
Gold Mining company and the Ray &
O'Brien Gold Mining company under
the title of the Ray Consolidated Gold
Mining company with a capital OF
$2, 800, 900 in $500, 900 sharos of 81
each Of which no less than 900
900 shares are placed in the treasury.
The Ray Consolida ted Mining com
pany acquires eight claims of the
Ray-Tonopah company and also five
claims OF the Ray & O'Brien com
pany, being the discovery locations
in that district, the whole comprising
26O contiguous acres, giving length
OF over II, 900 feet on the known and
explored ore bodies OF the district,
regarded by competent mining men
as the best miperalized belt adjacent
to Tonopah. On the Ray. Tonopah
mine, with which Mr.. Makeever has
been identified since its conception,
over 100 feet OF development work
have been done at cost Of $l7 800
including equipment and machinery,
and there are now 40, 600 tons OF ore
blocked out on the 225 and 100 foot
levels TO surface, that viii average
$40 per ton IN lead, silver and gold,
besides ore on the dump, On the
Ray Il O'Brien 1900 feet of work
have been done, two shafts having
been sunk TO depths Of 300 and 225
feet with drifts on the 100, 225 and
300 levels; the vein is contact fs-
sure in lime and porpbyry varying
from three TO seven feet in width
with recurring ore shoots, and ship
nents made from this mine have
yielded $l7l per ton in lead, silver
and gold, the proportion Of the latter
metal being twenty per cent Of the
total values. There are 10000 tons
OF concentrating ore on the dump
that will average $15 per ton at
conservative estimate and, in all.
there are $3.50, 900 worth Of ore
available at the mine. The property
shortly after discovery was bonded
to A. O. Turner for $500, 600 on
cash payment of s., 900, and no doubt
the sale would have been carried
through had Mr. Turner been allowed
more time TO do further development
work before making his first payment
oi 80, 0,OOO.
The Ray Consolidated Gold Mining
company commences operations un-
der most favorable auspices having
splendid property free from debt,
with ample cash in the treasury, the
nine well equipped with tools, gaso-
line hoist, buildings, horses, ETC., and
several carloads Of shipping ore
awaiting teams. Its Mr.. Makeever's
intention to devote his whole time for
several months to the energetic de.
Velopmcnt of these mines. The II h.
p gasoline hoist will be removed from
the Ray-Tonopah to the Ray &
y Brien mine and the shaft will be
sunk to the 5OO-foot level, while
stoplng on the 100 and 225 level will
be continued, from which exceedingly
nigh grade sand carbonate of lead
ore is now being extracted and the
hrst shipment of the estimated value