The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-10-06
CLOSE DEAL IN PIocHE MINES
Consolidation of Ohio-Kentucky and
Nevada-U Utah Becomes a Fact.

With the actual signing by them
of the contract for consolidation of
the Ohio-Kentucky and Nevada-Utah
properties, in Phoebe district, officials
of the OhiO-Kentucky company yes
terday released the information that
such consolidation had been effected.
The contract had before this been APP
proved by controlling interests of the
Nevada-Utah company, SO that there
is no longer doubt of the deal going
through.
The contract provides for the
forming of a new corporation, to be
known as the Consolidated Phoebe
Mines company, one-half of the en-
tire capital stock of which will be
owned by the Ohio-Kentucky COM
pany, the other one-half to be the
property of the Nevada-Utah COM
pany. Each of the old companies
will hold in it's treasury as an assest
it share of the stock of the new COM
pany. The president of the new COM
pany, according to the agreement, is
to be named by the Nevada-Utah
company, while the managing direc-
tor will be named by the Chicken
lucky .
Arrangements for financing the
new company for an energetic cam
paign and for building a concentrat-
ing mill to treat the ores of the con
solidated properties have already
been made. 1t is expected that about
sixty days time will be required to
complete all details of organization
and financing, but in the meantime
the mine workings are being cleared
out, shafts are being retimbered and
exhaustive tests of the ores to de-
termine the progress best adapted to
their treatment are in progress.
The property included in the con
solidation include three mines-the
Raymond Ely, the Susan Buster and
the Greenwood. No. l shaft, a three
compartment affair, thoroughly
equipped, is GENERALLY located for
working the three mines to advan-
tage, and there is an excellent mill
site close to the dump. 1t is intend
edto at once sink it to the 1,200-foot
level, where it will intersect the
Ramona Ely black ledge and where
connections will be made with the
Susan Buster and Greenwood ore
bodies. The Greenwood ore body is
a new discovery on the black ledge,
while the Susan Buster ore body is
in a parallel vein. Immense tonnages
of silver-lead-zinc ores are exposed
in all of the mines.
The Raymond Ely mine produced
some 2 O,OO0,0 900 in the early days
Of the camp, working only to the
800-foot level on it's bonanza ore
body and leaving the sulphide ores
untouched from the suface down.
That the ore bodies extend to great
depth there Is no doubt.
The mines have been idle for years
on account of apex disputes. The
consolidation adjusts all troubles of
that character, and as Ohio-Kentucky
officials expressed it yesterday, there
will be no further factional diff
ferences-the hitherto ~contending
interests in Phoebe district will work
together for success. 1t means
thorough revival of the old camp.
With present day processes for o
centrating the ores carrying zinc
values, which give the early opera
tors so much trouble, profitable pro-
duction by the mines for many years
is assured. Mills Of large capacity
will be built as rapidly as possible
and it is likely that a smelter will
! soon be provided.