Bisbee daily review., 1915-08-22
OATMAN MINES LISTED
ON EASTERN GURBS
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ator of mines, and Wilson is equally
as well known as a conservative ami
successful mining broker.
In the early days Of Tonopah, Mr.
O'Meara operated the celebrated OIL
Meara and Lynch lease on the MIL
pah claim OF the Tonopah Mining con
pany He and his partner, Lyucn,
paid nine thousand dollars for a sevcnI
months lease on a block of Mizpah
ground so by 100 feet in dimensions,
and mined therein ore having a gross
value of nearly 100000. Prior to TAX
ing over the financial end of the Ar
, zona-Tom Reed company's affairs, o.
Meara and Wilson made a careful eX-
animation OF the ore bodies that cross
the Trio. Lilah, Health and Wedltl
claims that make up the company's
estate, and established local broker
/ ase connections with the firm of r.
S. Rowley & Co.
/ Arrangements are being made with
/ Carl f. Schader and the other owners
Of the Pioneer Consolidated mine
to work the property Of the Arizona
Tom Reed company through medium
Of the Pioneer shaft, the intention he-
ing to extend the drift on the 2OO-s1ot
level OF the Pioneer into ArizOna-TOm
Reed ground. The carrying out OF
this plan would obviate the necessity
Of installing mine machinery and the
considerable expense attaching there
to, as under these conditions the pow
erful plant Of the Pioneer company
would be utilized for development
purposes.
A feature of additional Importance
is that the vein of pay milling ore eS-
posed in the Pioneer workings at tue
depth before mentioned, could then
I be followed into Arizona-Tom Reed
ground without recourse to shaft sink
ing, the establishing of levels and the
driving OF cross-cuts, each OF viii n
is an expensive item in mine develop
ment
Development of the strike made
last week at a depth of IS feet in the
shaft of the Oatman Mining and Mll-
ing company is demonstrating it to be
all that was claimed at the time the
vein dipped in from the northwest AZ
an angle OF IS degrees, AS the shalt
is deepened the ore body is widening
and is carrying a heavier gold con-
tent. Paintings of the screenings
yield a generous string of colors ala
the ore samples pay milling in its en-
tirety. Eli Hilty, managing director
OF the property, was the locator OF
the famous Tom Reed mine Judging
by the mineral Indications in the Oa.-
man shaft, it appears as though he
was to duplicate his former success.
1t was the very promising showing on
the Oatman Mining and Milling COM
pany estate which prompted the firm
of McNeal d Co. to take over a block
of its shares and arrange for their
listing on the Chicago Curb.
The management Of the Ivanhoe
Consolidated company is making rap
id Roadway in driving the crosscut on
the 20Ofoot level and expects to reach
contact with the ledge before the
close of this month AS the cut is ad-
yanced the ground is becoming softer
the condition being indicative of an
{ approach to vein material The OBJ
iectiye of the crosscut is the june
tion Of two veins and Carter and Fox,
managing directors, are confident pay
ore will be found at that point
The Tom Reed Gold Mines company
has purchased majority of the stock
of the Crown City company, paying
therefore, it, is said, 100000. The
Crown City ground is located in the
north end OF the camp adjoining the
Pittsburg mine and is believed to car.
ny the northwest extension of the
Tom Reeds rich vein system In
cluded In the purchase is the Crown
Citys water right, in itself a very
valuable asset as it is the source OF
the Tom Reed company's present wa
! ter supply The Crown City ground
has been sufficiently developed to de
monstrate its mineral value Under
Tom Reed management the ore bodies
therein are TO be opened at depth and
Iaggressiyely developed.
The ore body opened on the 400
foot level OF the Black Eagle workings
of the Tom Reed company about ten
days ago has been crosscut 80 feet
q