Weekly journal-miner., 1916-02-23
BIG MINING DEAL
 ON TAPES AT OATMAN

ner, H. D. McAlaster and \. w. Me Milan. of San Francisco. and ]. C.. Mccormick. of Colorado Springs and Goldfiel have reorganized the Oat- man Leader Gold Mines Company, which owns property adjoining the White Chief and Hi Henry. Some thing over SlOO.OOO in cash and stock is involved i1 the deal. and the company plans to start an extensive develop ment campaign at once.
 President Burris of the Pioneer Consolidated Mines Go. and Engineer Dawson, representing the Hayden Stone interests. have been making an extended investigation of that part oi the district in which the Pioneer property is located. It is rumored in Oatman, although not confirmed, that the Hayden-Stonc interests. failing to secure inc United Eastern or the Big Jim. are investigating the possibility and advisability Of a consolidation which would take in the Pioneer. the Snowfall. Arizona Tom Reed. Boun- dary Cone and Times properties. The rumor states that huge milling plant is contemplated to handle the ores from these properties, and that the operators would purchase outright all ores whicn other properties might de sire milled. Officials of the various companies profess to know nothing Of such a combination at this time
 The Black Range district is now . scene of much activity. The Black Range has just completed the install lation Of an additional compressor and pump. in order to take care ot any increased flow of water which may result from development opera tions. and will continue sinking to greater depth. At 300 feet depth a vein 60 feet in width was crosscut, the hanging wall side showing a very at tractive quartz vein with encouraging values.
 Other properties which are rushing development work in this section are the Putney, in which J. Parke Chan hing and Long & McIver are interest ed; the Murdock. Nellie, Armil and Esperanza. Practically all of these properties are financed by New York interests. and it is learned that this section will be the one most favored in the near future by promoters in that city.
 The Times has just finished the in stallation of one of the finest machin- cry plants in Western Arizona. Ii consists of a 25 horse power Fair ks-Morse noisting machine, an 80 horse power Fairbanks-Morse engine belted to a 500-foot Sullivan angle compound compressor, Sullivan drill sharpener, well equipped blacksmith shop, and 50-foot gallows frame with ore bin. Work of enlarging the shaft and bringing the collar up to the level of the new works has been start. ed. On the opposite side of the en- ormous crag which part of the Times covers, tunnel has been driven into the main vein and is showing good mill grade ore. It is interesting that this ore carries heavy suIphides-thc first ever encountered in the district. although the Tom Reed and Gold Road mines are operating at depth of more than 1000 feet.
 Charles S. Sprague. president of the Jumbo Extension Company at Gold field, who recently acquired the Mer. ritt group, has just closed deal whereby he has acquired the Yankee and Dome properties. adjoining the Merritt. This gives Mr. Sprague and associates a solid block of 115 acres n the heart of the district, adjoining the Big Jim, Tom Reed and United Eastern on the northeast. It is un- derstood that the companies will be merged into a new company to be known as the United Oatman, to be capitalized for S2OOO,OOO. As George Winfield has accompanied Mir. Sprague on his two trips during which the deals were closed, it is believed that Wingheld is really back of the purchase of this big block of ground.
 It is generally known that "somc- thing Is doing" with relation to Big Jim, and the prediction is freely made that control of this promising prop erty will will pass to other people within comparatively short time. Some guesses are that Sprague and Wingheid have their eyes on Big Jim, but this is not given general credence.
 Long and McIver of the United Eastern, have taken hold of the Dat man Amalgamated property, and pre- parations are being made to begin an extensive campaign of development.