The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-01-25
NEW MINING COMPANY
TAKES OVER CREOO-EUREM
New Management to Inaugurate
Vigorous Development in Its
Mines on Adams Hill

During the past week the merging Of
the Credo-E Eureka Mines Company. con.
trolling about 400 acres Of mining ground
on Adams Hill, into another company
Of smaller capitalization, was completed
ing Bob Mabry. president and manager
Of the Credo- Eureka Mines Company,
outlined to the SENTINEL the following
particulars regarding the present plans
and intended operations of the new
company:
Negotiations which have been pend.
ing during the past ten days have ter
minated in the transfer Of the assets of
the Oredo. Eureka Mining Company to
the Adams Hill Corporation, a new
company in the field. The company is
capitalized at $500, 900. chartered in the
State of Washington.
Edward A. Moye. president and gen.
eral manager, is a resident of Spokane.
Washington. has a broad experience in
the mining business, and in taking over
the Adams Hill property it is his inten-
ton to insugurate q vigorous campaign
to develop in q systematic manner the
w~ell-known resources of the property.
The mineral ground controlled by the
company compromises about 400 acres
and, under the most adverse conditions,
has produced q large tonnage of high
grade ore within very shallow depths.
The production from this territory is
doubtless in excess of 81. 500, 900. Adams
Hill is the northerly continuation of
Prospect Mountain and Ruby Hill. and
possesses the same general characters
tics rs these notable and somewhat bet
ter developed sections, which have a
well authenticated production Of $70..
900, 900 in round numbers. The group
| OF claims taken over by the new com
pany was until the past year held by a
large number of individual owners, none
| OF whom were able to do the work
necessary to properly open up their prop.
critics. In consequence. the operations
| Of the past have consisted mainly in
chloriding or mining pockets at grass
roots, Il is q notable fact that in this
district there mas never been a cross-cut
tunnel or shaft of any considerable ex'
tent which has failed to develop a mine.
II is, therefore, with the positive assur-
aaaa - a,anaao fh.& fha u a ~ a N " IL
beginning it's present operations.
The Racine shaft. where work is be-
ing done. is now 400 feet deep, and
under the control of the retiring com
pany has been put in most excellent
shape. Work at the 300 level during
the past year has developed some very
good looking ground and indications Of
the presence OF an ore body, so char
acteristic in this section, are plainly
evident. A cross-cut already started at
the 400 level is now being continued to
develop the same ground.
A long cross-cut westward from the
shaft at the 400 is also to be driven into
known mineral ground about 500 feet
distant. Thereafter the shaft will be
sunk to at least 800 feet as soon as the
necessary preliminary work has been
done.
The property Is regarded to be OF
great merit, and by the application OF
careful business methods and good min
ing practice it is the intention of the
management to bring it into its proper
place as q profitable producer.
Lapsley W. Hope continues with the
new company in the capacity of resi-
dent agent aud superintendent. Work
will be carried forward on a small scale
until a new air compressor and venti-
latinR plant can be installed. This
will be done with all possible speed. and
the plant will be of such size as will en-
able the management to carry its plans
to early maturity.
A. P. Mayberry, in consultation. has
outlined the oompany's policy. and the
methods which he has demonstrated to
be successful in Ruby Hill will be closely
| foll,uaaa IN Adama Hill