Weekly journal-miner., 1916-05-24
JACKL|NG AFTER
 STOCK OF UNITED EASTERN
BIG OPERATOR SAID TO BE NEGOTIATING FOR PURCHASE OF LONG MINER HOLDINGS.
(From Los Angeles Mining Bureau)

(From Los Angeles Mining Bureau) | OATMAN, Ariz., May 20-It is consistently rumored that D. C. Jack ling and associates are negotiating for the purchase of the Long Mclver holdin0s in the United Eastern Com pany at a price of S7.00 per share. No verihcation is yet available. Work of blocking out ore is still in pro- gress, and the results are equal to the expectations of the most optimis- tic mining men who are familiar with the property. On the 665-foot level a large tonnage of ore averaging about $50 in gold is being exposed by drifting operations along the hang ing wall side of the vein and by short crosscuts through the vein at places. The ore shoot on this level is exposed for more than 300 feet in length. and has an average width of more than 30 feet.
 In San Francisco today deal of very much importance to the Big Jim Company is being consummated. De- tails will not be available for day or two. Drifting operations on the 4S5-foot level on the foot-wall side of the vein are exposing ore said to average between S25 and $50 per ton, with the average values slowly in creasing as distance is gained.
 Edward w. Raab, formerly super
 intendent of the big Tennessee mine
 at Chloride, has been appointed gen
 eral mine manager of the Tom Reed Gold Mines Company, vice s. $. Jones resigned. Charles Grimes, president
 of the Tom Reed for about 10 years, has been retired, and w. B. Moer- dyke. of Pasadena. succeeds him as
 president. Two other new directors
 have been elected, and the rew of- ficials give out the statement that much broader campaign of develop ment than has been pursued in the
 past will now be inaugurated. The
 compan- has an immense acreage oi , uncxplored ground in the Oatman ' district. One new exploration shaft is now being started.
 Vice President Worden, of the Gold Ore Company, states that the gold extraction from the ore put through r the Gold Roads mill during the past month has been above S20 per ton About 30 tons per day arc being milled. He states that there arc more than O,000 tons of ore blocked
 out above the 550foot level; that |. sinking operations will soon be start
 ed and the ore blocked out on the
 65O and 750-foot levels, and that the , company will soon commence th: j construction of 30-ton mill in which 1 crushing and cyanidation will be the processes used.
 The Black Range is now drifting into its vein on the 30O-foot level and 1 the sugar quartz which is being cut . is said to contain values of low mill ing grade. The quartz is highly stained with limonite and is typica : of the gold-bearing quartz of tho a United Eastern section. The Blacl 1 Range is some five miles to the soutl of the United Eastern.
 Operators on the Gold Range prop crty are contemplating cutting sta
 ton at 300 feet and driving an ex
 ploration crosscut into their veir
 which is estimated to be about 5C , feet from the shaft. The entire
 formation at this time is highly silici
 fled and carries gold values ranging
 between $ and S6 per ton.
 The crosscut on the 5OO-foot leve of the Ivanhoe is now out something 2 over 250 feet, and IS entering the zonC C where the operators expect to cu
 their vein and fine orc Much intcres
 is manifest in the outcome of develop ' ment ill this property during tho |. next two weeks.
 ; The Fessendcn. also crosScuttine :, on the 500-foot level, expects to be ir
 its main vein within ten days time
 The formation now being cut IS high - ly mineralizcd and shows some gol, 1 values. As the Fessenden and the Ivanhoe arc a considerable distancC
 apart and in improved sections o the Oatman district. their success oi l failure will have a vital bearing upor - the Oatman district during the nex
 few months.
 On the Hi Henry property tho working shaft is down l50 feet, and . i 350-foot compressor has just been in r stalled and is now in service.
 The United Northern is preparing
 to cut a station at 300 feet. and vii do some lateral work at that depth I The formation contains strinsers ot , quartz and calcite which show higf
 pan values and arc said to show assay
 values up to Sll per ton.
 The shaft of the Oatman United
 Company is down 60 feet and steady : progress is being made. A small hois
 is now in operation, and a 4O-horsC
 power hoist is being installed. Th' 4 big hoist will cut in when the in u stallation is completed with uo los: of time in operations The compres
 sor plant. electric lighting plant and : pumping plant have been installed 5 and commodious mine buildings arc c about completed.
 pESIIMES MINING