Mohave County miner., 1917-02-17
ADAMS COMING
TO FRONT IN
OATNAN FIELD
Drifts Are Being Advanced
East and West on Four
Feet of Ore Recently Ex-
posed on 4OO-FOOt Level of
Property
[From Friday,s Dale lIinerl

spectators have been persistent buy
ers of Adams stock the past week and
the issue has doubled in price in con-
sequence of the demand. Their ac-
tivity was due to important develop
ments in the property, where a SPLEEN
did vein has been cut in the south
crosscut on the 4OO-foot level. The
first ore that appeared in the hanging
wall of the big vein consisted of four
feet of quartz and calcite heavily i'm
pregnated with hematite, which show
ed colors in the pan. The crosscut is
about II feet into the vein and drifts
have been started east and west on
the four-foot streak. Pay ore has been
developed both east and west of the
crosscut in workings near the surface
and the belief is general that the Ad-
ans will shortly developsinto a mine.
The result of the vigorous develop
ment of the Adams has had its effect
on other properties in the Black
Range section of the district. At the
Crescent work has speeded up and a
drift is being driven toward a point
east of the tunnel on the main Cres-
cent vein where good values are con-
fidently expected. Superintendent
Peirce expects a material increase in
values within so or go feet. The tun-
mel cut the main Crescent vein 627
feet from the portal, 81 feet beyond
the branch vein, which tallies with the
outcrop, and at depth of 300 feet.
At the Nellie the main shaft is be-
ing continued through the vein and to
depth of 500 feet, where the miner
allied fissure will again be tapped by
a crosscut. On the 35O-foot level ore
was cut in the east drift assaying up
to $35 and $45 ton but the values
were not uniform. The 500-foot level
should develop a shoot of commercial
ore. The vein is very wide on the sur
face and apparently forms a junction
with other veins about 1000 feet east
of the shaft.
Stockholders of the United Eastern
Mining company, big and little, resid
ing in Los Angeles, enjoyed the privi-
lege and pleasure of inspecting last
week the first shipment of bullion
from that mine. A few pounds over
$50, avoirdupois weight, comprising
the consignment, was sent to the Ma
tional Bank of California, of which R.
/ 1. Rogers, the treasurer, is an official,
and placed on exhibition. One of the
bars also was exhibited at the Los
Angeles stock exchange. The dull yell
low bars were inspected by Several
stockholders who had the faith and
foresight to buy United Eastern stock
when it could be had for a few cents
share. There were others present
who paid few dollars share. Meth
er class cares to sell, though the
stock has recently sold above S.. On
that basis the earnings of the com
pany should be close to 20 per cent
and about 400 per cent on the 25-cent
stock with which the company was
first financed.
There came to Oatman recently a
man who possesses a very comfortable
bank account as the result of his faith
in the camp and through his persist
ent efforts to enlist capital in it. ed"
Newland is his name. He was an &C
tive broker and promoter in Cripple
Creek in the early history of that bo-
nanza camp; in Goldfield he was
equally well known and popular. As
a resident of Los Angeles he became
interested in the Tom Reed Extension
Mining company with H. E. Woods
eight or nine years ago The Tom
Reed Extension, owned the Big Jim
and accepted payment for the claims
in Big Jim stock Newland's share at
present market is worth around $780, y
900. But this is the smallest part of
nus OdIudn gains II was Gu NSN-
land who introduced H. K. Ridenour
and "Jack" McIver to Keith, WisemGn
and Mudd when the Eastern was a
prospect. That introduction is said to
have melted Broker Newland some
thing close to $25O,OOO, his commission
on the deal, whereby the trio OF min
ing engineers furnished the capital for
the development of the bonanza mine.
Newland then picked out property of
his own, the Adams, and with N A.
Darcy, C. H. Palmer, jr., upon whose
report as a mining engineer the deal
with the Los Angeles men was made,
and one or two close business friends,
the Adams Mining company was
financed and developed to its present
stage.
The Payroll is to have a 50-to1l mill,
according tn the present plans iof a