Arizona weekly journal-miner., 1901-06-12
VENTURE
 HILLS
 BONANZA.
A Solid Body of Sulphuretts En- countered in the Tunnels, Which Proves the Mine
 Beyond a Doubt.
A Large Block of Stock Will be Offered to Eastern Investors. Slight Change in it's
 Directors.

tjParties who have recently visited
 Jerome, have had their enthusiasm
 worked up to pitch bordering on ex-
 citement over the recent strike of cop
 per ore made by the Venture Hill
 Mining company. The strike is con
 sidered the most important yet made
 in that district outside of the United
 Verde mine. Not only is the enthusi-
 asm shown by parties who are not
 familiar with mining, but miners who
 know the value of ore, and the impor-
 tance of strike are the most enthusi-
 astic over 1t.
 The property islocated within three
 quarters of a mile of the United
 Verde smelter, owned by W. "A. Clark
 and joins Mir. Clark's North Venture
 and South Venture claims. The com
 pany has run three tunnels into the
 side of the mountain, in two of which
 they have struck ore. One is in 300
 feet, thirty feet of which is in this ore
 which is solid sulphides, and they
 have not yet cut through it. Another tunnel half mile distant is in 270 feet and is also in the rich ore, making it reasonably certain that the ore body extends for that distance. The third tunnel is in 120 feet. In the 300 foot the depth from the surface is about 300 feet at its face. They have commenced to sink on the ore in each of the longer tunnels, winze. being down now in one of them about if teen feet in the ore body. It is their intention to sink each of these winzes to depth of 200 feet, and if the ore continues for that depth, as there is little doubt, it will demonstrate body of ore worth millions of dollars.
 At meeting of the directors held in Jerome last week some important changes were made in the manage ment of the mine MT. Lawson, an old time United Verde miner was placed in charge of the mine as fore man, and his experience in the United Verde will be of great service to the company in opening up its treasure vaults.
 Charles Von Schriltz of Jerome was also elected as a member of the board of directors to succeed Edgar L. Dunn, and the company arranged to place 100000 shares on the eastern market. At former meeting of the board an additional 100000 shares of the stock were placed on the market 1t 40 cents per share. 4 large mount of this has already been sub 'cribed, and it is possible that the company may recall the unsold DOT ion of it. One thing is certain, that 10 more stock will be offered at this price. The company IS in excellent condition, as they have al- eady sold enough stock to keep the nine in operation for two years. A 'ery large proportion of the stock offered for sale has been aken in Jerome and Prescott, show ng the confidence that our home peo- ,le have, not only in the mine, but in he people who manage it. Enough tock has been sold in this way to de- elop the property well, while the roceeds from the sale of the stock in he east can be used in the erection of
 plant for the reduction of the ore.
 It is said that the company has re- eived an application already for a lock of 100000 shares of this stock rom eastern parties. Whether the 'enture Hill will develop another Inited Verde mine remains to be cen, but that they have a valuable roperty seems to have already been and the parties who ave been fortunate enough to get in n the ground floor in the purchase of tock can scarcely fail to reap good rofts. The total amount of stock old in Prescott and Jerome amounts
 is said to S25O,OOO shares, and as iated a very large amount of this has cen brought by Jerome miners who now of the merits of the mine.