Weekly journal-miner., 1916-01-05
CATMAN PLATED OVER
 THREE BIG STRIKES

tne Om Kccd told Mines company
 and the United Eastern Mining Com pany may be effected are now iu progress. Both mines are being
 sampled. It is reported that the sam
 bling of the Tom Reed is being con
 ducted by the United Eastern inter
 csts, and in turn, that the samplinS
 of the United Eastern IS in charge of the Tom Reed interests. Whe;h
 CT the consolidation will take the
 form of an outright purchase of the Tom Reed by the United Eastern, or the organization of a new com pany in which the stock of the pres
 ent companies will be replaced by stock in the new company, does not
 yet appear. An engineer of th> ] Jackling interests of Salt Lake is very
 busy with the officials of the two min
 ing companies, which lends some
 credence to the report that the bi;s Salt Lake copper operators are much
 interested in the proposition. Tle
 Tom Reed Company owns 477 acres
 of patented and unpatented land. and the United Eastern owns l54 acres
 in this district. Only about one-halI
 of the Tom Reed ground, however, | is embraced. in the block upon which their operating mine is located. For i sometime men associated with the i Tom Reed on the one hand, and with l the United Eastern on the other, have
 been active in acquiring whole or par
 tial interests in many mining com
 pany holdings throughout the distric:.
 Whether or not these men have been active as agents for the big compan- ies, and the holdings secured by them are intended for the mergers IS not
 yet apparent. If the merger goes through, it would give the combina' ton possession of a block of ground of enormous value in the heart o. | the district. It is conservatively estI-
 mated that the United Eastern has ore blocked out above the 560foot
 level which is worth more than ten million dollars gross. The ore re serves of the Tom Reed are matter of conjecture. It is believed. how
 ever. that the company has ore ac-
 tually blocked out sufficient for 3
 years run, and recent developments
 in both the upper workings and the
 workings below the 1075-foot level
 give the logical reason to believe ! that the future of the mine will be as profitable as its past. The Tom
 Reed has already paid in dividends
 the sum of s2.5s3,22lO0. As the | fault zone encountered below the ! lO75-foot level in the Tom Reed las ! been solved. indications are that the vein rediscovered at 1l75 feet IS larS' CT and richer than it averaged above
 that level. The probabilities seem to be that the ore bodies in the Unit ed Eastern below its present point ot development will be of at least equal value with those already developed. From Prospects Into Mine Class. Aside from this notable pending transaction in the camp, the physical developments of the past week have been of enormous interest. Three new properties seem to have grada- ated from the prospect into the mine" class. These properties are the Boundary Cone. Gold Ore and Carter. The Gold Ore property at 532 feet depth has three veins of orc exposed, two of them being of great importance. One of them has a seven foot ,face, the ore averaging around S1OO per ton. The second has an orc shoot averaging better than five feet in width and holding values much in excess of Sl0 per ton, which has been exposed for length of 300 feet on the vein. The company IS now look ! ing for milling facilities for its ore.
 There seem to be little doubt that the Boundary Cone has developed in- to a mine. For nearly 100 feet Of drifting on the vein at $50 feet depth, the Boundary Cone shows mill grade ore of somewhat spotted values. Some stringers show values ranging into one hundred dollars per ton, other stringers show almost ID values. The last forty or fifty feet of the drift, however, show body o1 ore averaging around $50 per ton, but of unknown width. The drift itself is AZ feet wide. I1 at least one place crosscut was made showing that the ore shoot was l2 feet in width. No wall encountered on either side.
 The Carter Gold Mining Company has opened splendid body of $50 orc at 25O feet depth in places. This ore body has been opened to width ot