Arizona republican., 1911-03-07

exposing thousands of tons of rich ore with indications pointing to more ahead.
 The troubles in Mexico at present do not affect the operations of the company as they continue to develop their group, and those who wish to get in on this proposition should do so immediately.
 The Jerome Verde Copper company has been vigorously pushing the work of cutting a station and stump at the 5dG- foot level. for the past few weeks. and have about completed the job This station was cut for the purpose of catching the large flow of water from above which greatly hampered the workers in sinking the shaft. Their shaft is now down over GOO feet and will be driven at least one hun dred feet farther. from whence drift will be run into the fault to catch the ore.
 Buffalo Bill's Company.
 The Southern Belle Mines company. capitalized at $i.0O0.O0 was inc0r- porated Wednesday and articles filed with the county recorder. The in cOrpOrators are Colonel William r. Cody. l., W. Getchell and K C. Brady, says the Tucson Star. The articles of incorporation reserve for the corporation the right tO mine gold, copper. silver. lead, coal and any other mineral in any portion of the United States or Mexico. The stock is divided into shares of SlOO each. The total indebtedness at any one time is limited to S666, 900. Seven directors are to manage the affairs of the company.
 Whether the new corporation IS to take charge of the Campo Bonita property of Colonel Cody could not be aScertained, but it is considered probable that such will be the case. Colonel ID. B. Dyer of Kansas City. Mo, and Augusta. Ga. has just been out inspecting the property. and, al- though he does not figure in the corporation. the name Of the company would indicate his connection, either present or future IL is known that Colonel Dyer was here for the pur- pose of looking at the Campo Bo- nita property with a view of taking an interest in it.
 Shannon Earnings.
 The Shannon Copper Company. during the four months ended with December 3lst. earned S90.000 net. or at the rate Of nearly $l per share. On the property winZe No. ? has been extended another ten feet below the ore level and is still in high grade concentrating ores averaging slightly under per cent copper. The up raise from that level has gone through about twenty feet of high grade smelling ore and has encoun- tered concentrating ores averaging about per cent.
 Rich Silver Strike.
 Charles Anderson. who reached the city from the camp of the Big Pine mines, near MaXton states that few days ago a streak of eight inches of very rich silver ore was cut in the face of the main tunnel. causing excitement among the miners em- pIoyed at the camp. says the Pres colt Journal Miner. This mineral was found on the footwall and was the first determination ever made in the property. The company is in stalling an air compressor and will exploit the ground with drills. all machinery being on the ground. MT Anderson states that the mill is being repaired and vii be started in few days. sufficient ore coming from the development under way to keep 1t running steadily to it's full capacity
 Madizelle Group Sold.
 By the filing of deeds in the re- corder's office from George U. Young. to the MadiZelle Mining com ,pany for the interests of the first named in and to a group of ten mining claims. in the Sierra Prieta range. west of the city, and for the interest of George [. Young. Thomas Smith and F. O. Poison in and to the Derby mine. an adjoining claim, ii is believed that the transfers sig noIize the consummation of a deal entered into a few months ago, when the mines were placed under option of sale to q French syndicate. states the Prescott Journal Miner. Preced- ing the option agreement. the mihes were exported by corps or engineers and while publicity was moi given to the results of the examination, IL was ouietIv reported that the engineers approved of the properties. and Iater T statement was issued announcing the deal closed. During the past lew weeks it has been reported that rep resentatives of the syndicate taking tho prouD over were to visit the nroperties. and since that time they have been expected daily in this city' Mir. Young. it is also stated. IS to ar i've in Prescott in a few days ana, coincident with his coming. he VIII he joined by the representatives or the purchasing company. The deal calls for the payment of a large sum and with the Yavapai interests those at Goldfield in Pinal county are also included Mir Young has been oper- ating the MadizelIe group for many years and has done thousands of feet of development on all the claims.