The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-03-27
SpeciaI to News and Tribune.

Spec1al 10 news anu lriuuHO'
OATMAN, Ariz., March ga
mine having all of the ore yielding
characteristics and production possi-
bilities of the we'll known Tom Reed
property, the largest gold producer
in Arizona, is being developed in the
Tom Reed gold road mining district
by Geo. Long and John McIver, two
miners who obtained their knowl-
edge of ore occurrences and Vein
trend in the stern school of practical
experience In fact it was while en-
ployed in the underground workings
of the Tom Reed mine that they
solved the mining problem involved
in the location of shipping ore in
bulk at a point beyond the pay zone
as generally recognized. AS result
Long and McIver, who will be re-
membered by many early day Gold
field and Tonopah people, are on the
high road to fortune.
Having worked out the problem
of the trend of the Tom Reed veis
system to the northwest, Long and
McIver proceeded to prove their the
ory by sinking shaft along it's
strike at point outside the Tom
Reed estate and crosscutting to the
ore. Lacking funds they first inter-
ested Frank Keith, well known as a
mine operator in TonOpah and Gold
field, and Seeley Mudd, a former
Leadville mise operator, in the ven-
ture. The two latter supplied the
necessary capital for development
purposes by the organization and
sale of shares of the United Eastern
Mining company. Thus financed,
Long and McIver sunk a shaft to
depth of 800 feet and crosscut to
the ledge, exposing II feet of gold
bearing ore that samples $47.50 per
ton. Convinced they had cut shoot
near it's apex and that it would
broaden below into a large body Of
pay rock, the shaft was continued to
a depth of 46O feet where a cross
cut was again run out to the vein
contact 1t is now in ore for width
OF 4U IeeI anu iS JuoI ChIOi ii5 """'
appears to be the hanging wall.
The ore yields high grade milling
values from foot wall to hanging
we'll. Following is the return on
sampling across the 40 feet of vein
matter.
Gold content across IL feet, 1923
ner ton; gold content across 22 feet.
inclusive of the ~ feet of $123
rock, 500 per ton; gold contact
across 1S feet lying next to the
footwall, $3.50 per ton; gold con-
tent on car samples taken beyond
the 1S-foot point, $149.S and
$3.50 per ton, gold content on last
five feet of drilling, $165 per ton.
With high grade milling ore OPP
ened on the 800 and 400 levels, the
United Eastern company is assured
a continuous shoot between those
two points; the shoot is known to
extend from the upper to the lower
level. a distance of 160 feet. How
far it extends above the 800 and be-
low the 460 level is a matter to De
determined by time anu Iurther W.
velopment work.
Less than a decade ago the Tom
Reed had relatively the same ore
yielding possibilities as has the
United Eastern today. AS a matter
of fact, the Reed ere at a like depth
was of much lower gold grade.
Within that period the Tom Reed
mine has been developed into the
largest gold producer in Arizona and
one of the largest and most consist
ent dividend payers in the United
States. For the fiscal year ending
March 81, the company will pay 90
per cent in dividends on an issue or
bou. 9O5,000 shares. This means