The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-01-29
OATMAN MERGER
IS IMPROBABLE
RAY HARRIS BELIEVES TWO
BIG COMPANIES WILL NOT
CONSOLIDATE
Sprcial to The Goldfield News

continues, officials of the United
Eastern Mining and Tom Reed God
Mines companies still maintain a
sphinx-like silence relative to the
negotiations Intended to bring the
famous mines of the two corpora
tions at Oatman under N man
agement, through a consolidation
or the purchase of the holdings of
one by the other. However, there
is a well-iounded opinion among
nrling men of the district that the
deal will fail of its purpose and the
two companies will continue separ-
ate and distinct OF CARNATIONS, as at
present.
Should the inference drawn prove
correct, the United Eastern off
Gals will Immediately proceed with
the erection of a mill for the treat
ment of the ore blocked out on the
various levels of their mine. I'm
derground operations are going
steadily ahead. AS soon as the
work of cutting an ore pocket, stump
and station at the bottom of the
665-foot level of the old No. 1 shaft,
nov in progress, is complete, lateral
work at that depth will begin.
At the new or No. 2 shaft con-
crete foundations for a 150-horse-
power, double-drum electric hoist
and 10O0-cubic-foot compressor
bara hoan hn;If onI tho ~, III inaru
will be placed upon them in the
next week or ten days. The shaft.
now down about 40 feet, will then
be continued down with all possible
dispatch to a depth OF 500 feet.
With a depth of 800 feet as the
objective point. sinking operations
will be resumed soon at the 50-foot
point in the shaft on the Lazy Boy.
A 32-horsepower gasoline hoist and
four-drill compressor have Just
been installed to facilitate opera
tions.
mated at Oatman recently when
Charles f. Knox of Berkeley, Cal,
and Ben S. Revett of New York City
acquired a large interest in the
Times Mining company, operating
in the northwestern section Of the
camp. OF the two men, Mr.. Knox
is more widely known in the min
ing world, through his connection
in official capacities with the Mon
tana Tonopah mine at Tonopah and
the Atlanta mine at Goldeld, as well
as other properties in those and
other camps of southern Nevada.
Mr.. Revett is also heavily inter
ested in Nevada properties. That
they think well of the future of
Oatman is evident by their action
in becoming identified with the
Times COMPANY. which is making
excellent Roadway and obtaining
good results in development.
The Telluride Mining and Milling
company has begun the sinking OF
a new two-compartment working
shaft, designed to go to a depth of
500 feet. The site of the new bore
is 1000 feet ~northwesterly from the
old prospect shaft, which was re-
CSHtly COIltluutu uOWH lIOIu IIt
400 to the 50O-foot point water lev
ell, at which depth crOss-cutting
south is in progress. A full COM
plement of machinery, including
pumps Of large capacity, will be
placed on the new shaft.
Edward Grady of Bakersfield, Cal.
and associates, who include some of
the most prominent bankers and oil
men of that section, have acquired
control of the Pasadena Boy Min
ing company and will in the near
future greatly increase operations
on its group of -four claims which
adioins the Ivanhoe on the north.
The Gilt Edge will in the near
future start a 500-foot double-com-
partment shaft on what Is known as
No. l vein. A 25-horsepower gaso-
line hoist and large compressor will
arrive on the ground in the next
few days and be utilized in the ex-
work outlined by the management.
A site for the machinery is at pres
ent being cleared.
The Goldroad Capote is grading a
shaft site and has awarded a con-
tract to sink a 500-foot- two-com-
partment bore. Machinery has
been ordered and is expected to ar
rive on the ground in the next 80
days. From the shaft laterals will
be run to explore the Gold Ore vein.
which Iasses through the Capote
prODerty.
Notwithstanding the policy of ST.
lence of the United Smelling, Refin-
ing and Mining company, it's owners
it is known that the Tennessee
mine at Chloride, 2S miles north Of
Kingmah. is making a better show
ing al present in the grade of the
2in, and lead ore product than sver
before in it's history. This mine
ships daily approximately $50 tons
of ore If has maintained that rate