Bisbee daily review., 1916-01-09
Mining Engineers Said tc Have Concluded Probe Into the Various Workings of Tom Reed and Eastern.
COL DROAD TO EX-
 PLORE FAR IN EARTH
Big Jim, on the 400 Level,
 Cuts Remarkably Rich Vein of Ore, Yielding from $8 to
 SIP per Ton in Gold.
Special to The Reviewl


 KINGMAN. Ariz.. Jan. S. Unless preliminary negotiations known to be under way fail of consummation. the great mines of the Tom Reed and the United Eastern Mining companies at Oatman. 26 miles southeast of King man, will come under one management in the near future Although it has not been determined whether the ne gotiations will result in consoIida- ton of the two corporations or the purchase by one of the others hold ings, it is absolutely known that deal is on and that definite conclusion will be reached in the near future. Mining experts of the two companies have just completed thorough exami- nation of each others workings and it is absolutely certain that favorable re- ports will be submitted. after which the negotiations will assume definite form and be carried to successful conclusion.
 The merging of the two great mines cannot possibly prove other than bene- ficial to the camp of Oatman in many respects For the past four years the Tom Reed mins has produced yearly S1 900 COG in bullion and has paid an- nually dividends of better than 50 per cent. The mine today is in better phy- sical condition than at any previous time. The United Eastern has in the last year developed enormous bodies of ore and is mine of vast potentiali- ties. Its ore bodies have been proven and blocked out to a depth of 565 feet and their exploration at an additional depth of 100 feet is just about 10 be- gin. The old or No. l shaft has just been continued down from the 565 to the 6e5-foot level. A station is at present. being cut and upon it's conl- pletion crosscutting northwest 10 the vein. an estimated distance of ll0 feet will begin. When the ledge is reached drifts will be advanced north and south along it to pick up the down ward combinations of the ore bodies blocked out on the upper levels The new No 2 shaft, designed to be put down three-compartment size to yer tical depth of at least 600 feet as the first lift. has passed the 40-foot point. The new office building of the compa- nv frame structure two stories in height and 70 by 40 feet in dimension. is nearing completion. It should be ready for occupancy by January l5. After passing through numerous stringers of quartz from a few inches to 8 1-2 feet in width that have yielded varying values. the south crosscut on the 4O0-foot level of the Big Jim. at point 145 feet from the shaft. disclos- cd few days ago the hanging wall of it's main ein. supposedly the eastern extension of the great Tom Reed-unit- ed Eeastern ledge. Since the expos ure of the hanging wall! the crosscut for the distance it has been advanced have returned values of SS.SS, S5S.6S and S1l2.O3 per ton. A sample taken across the entire % feet of the vein
 
 showed an average value of S15 per ton. Announcement of the strike was made by General Superintendent L. c. Heating. who. in the direction of the Big Jim operations. has proven himself a thorough and efficient mine manag- CT. Tn importance and magnitude. the find gives excellent promise of eciips- ing all other late developments at Oat- man. IL is announced that as soon as the width of the vein is determined. drifts east and west will be started to fully explore the find.
 The management of the Gold Road Mines Company has determined to ex- plore its famous property at greater depth. it is officially learned. The main
 tCentinued on Page Two.