Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1908-02-12
IMPORTANT DEAL IN JEROME
DISTRICT.
tFrom Wednesdays Daily,


One of the most important mining
deals contaminated in the Jerome dis
trict in months, was closed Saturday
when the Amalgamatcd Metal and Elk
ploration Co., through J. NJ. Layman,
secretary and general manager for the
company, acquired by purchase the
Hogback group Of mining claims from
Rudolph Rothcrmel and n. d. Ross.
Mr. Layman has already purchased
consignment Of lumber which is now
being delivered to a force of mechanics
on the ground who are erecting camp
buildings as fast as possible.
Preparations are now under way TO
commence the sinking of two double
compartment shafts to a depth of sew.
eral hundred feet. a site for each
has been selected. One will be sunk
on the large iron dyke traversing the
south side of IIogback ridge, and the
other on the north side on large
ledge in which there is a very promis-
my ore showing on the surface. The
ledge and dyke will be developed from
the shafts by drifts and crosscuts when
depth Of 800 feet is reached. whims
will be installed at the shafts, TO be re-.
placed later, when depth is gained, by
hosting plants. Mr.. Rothermcl, a
miner of many years experience in
Jerome and other large mining camps,
has been engaged to take charge Of
the work as foreman.
The starting Of development on this
promising property is especially i'm.
portant to tne town of jerome. Three
of the eight claims comprising the
group, as located, partially cover the
townsitc and the purchasing company
is among the strongest mining con.
Germs in the west, financially. Mr..
Layman, when seen yesterday by a
journal Miner representative, stated
that il was the intention of his con
Germ to thoroughly explore the property
and place il on the list of producers
Of the Jerome district as soon as pos
siblc. lie said that no expense would
be spared in opening the lodges exten'
sively, provided the showing found on
the 3OO-foot levels is as promising as
anticipated.
81 found some very high grade cop
= per glance ore in the 300foot tunnel
= run by the former owners" he said
"and also in shaft sunk to n depth
of los feet by Rothermel and Ross
d The indications are that a large an'
$ permanent ore body will be founc
p DEEPER
The group adjoins the Verde Queer
group on the southwest and als'
I touches the Florcmcia patented min
Of the United Verde Copper company Z
e holdings, which include one Of tn
y greatest copper deposits in the world
0 The Amalgamated Metal and Explor
e alton company includes number o
5, leading capitalists and fnanciers in it
h list Of stockholders. The home Ollie
o Of the company is in Danville, Illinois
II owns and is operating two payin
q gold mines in southern Oregon an
e has n third almost in the dividend pay
II ing class. The company also owns gol
ID producers in northern California an
al valuable coal and oil lands in souther
j. Utah within easy reacn OF raiiroa
transportation. The Hogbaek group
s. consolidated with the others name
ne and will be developed under the maj
It. agement of Mr.. Layman, who wi
ie leave here today to investigate u
lie company's affairs in California and e.
at pec,s to be back in Jerome in mont
in when II is his intention to purcha'
al hosting plants to be installed at u
n Hogback shafts.