Weekly journal-miner., 1916-04-19
EXCHANGE AT OATMAN
 |S ACTIVE
GOOD ORE DISCOVERED IN PIONEER DRIFT; MA CHINERY INSTALLED BY UNITED WESTERN.
Clos Angeles Mining Bureau)

Clos Angeles Mining Bureau)
 OATMAN, April Is. - The west crosscut on the 400-foot level on the
 Argo is in low grade ore, the hang ing walls of the vein encountered at distance Of 20 feet from the shaft.
 The vein has been crosscut for some
 thing over 20 feet at this time, but it is too early to pass an opinion up on the importance of the discovery.
 The indications are very promising.
 Quite a-l important discovery of ore tas been made in the northerly drift of the Oatman Pioneer at 200 feet depth. On the l0O-foot level above, q winzc encountered the top of an orc shoot showing average values of about $50 per ton, short time ago. Work was then started on the 200 foot level to catch the downward con tinuation of this ore body, and it has just been encountered. Indications arc that this development on the 200 foot level will place quite tonnage of splendid ore in sight.
 In the Gold Dust property, which IS part of the old Orien estate, de- velopment work on the 200-foot level continues in mill grade ore. Tke lrift has been driven into a hill so that a depth of about 4OO feet below he surface has been attained. Ini;- cations in this property are very promising indeed.
 The Oatman Stock Exchange was officially opened on April 10th. Traj-
 ng was brisk. approximately 5000 shares of stock changing hands. Sev- eral San Francisco and Los Angeles brokers participated in the opening nd took out memberships. and will establish branch offices in the new mining camp.
 After long delay while installing | pumping equipment, the Black Range machinery plant has just resumed op- | erations. The operators now believe
 hat they will now be able to control he water and extensively explore the shoot Of splendid ore which had just been encountered when they were drowned out.
 The United Western has not as yet resumed work owing to some delays n getting its machinery plant in stalled. l. is estimated that mining operations will be resumed in this 7roperty about the 18th of this month. The general impression around the amp is that United Western is on r he verge of an important discovery of ore.
 The shaft on the Tom Reed. IT,, property is at a depth of 245 feet. and $ all in low grade ore. Ir begins to lppear that the vein near where the shaft IS being sunk has changed its lip and has turned toward the shaft, which now appears to be entering ii.
 The Fcssenden shaft is now down zoo feet, and a station is being cut. It IS estimated that cross-cutting for he vein system in which it is ex- )ectcd to find commercial ore will be started about April l7th.
 The Hi Henry Mining Company. ocated to the south of the Lexington. las just completed the installation of lolst and compressor. and has now started an active development cam 1aiSn. lis shaft is down l50 feet, and vill be rushed to a depth of 500 feet before lateral work is started.
 The Gold Range shaft mas attained | depth of l75 feet with three shifts 'f men working with power steel The bore continues to cut stringers of , orc averaging s to SC per ton. and ( III oi the rock shows high minerali- | ,ation.
 Lateral work on the 5OO-ioot level 'f the Big Jim is now well under way, and the operators expect 10 each the downward continuation of he big ore shoot opened on the 4OO- \, cot level about the l7th of April. |
 The Iowa Mining Company has . ust started its development cam- C ,aign, and its stock has been listed g )n the Los Angeles exchange.
 The Oatman Queen and Hi Henry ' re two other Oatman companies which have just listed their stock on , I \