Arizona republican., 1911-01-06

1lfSt lew months the improvement was slow. compared to the frequent discoveries of new ore bodies that have been made of late. The reason for this was partly because Of the inadequate power equipment in ser vice then which has now been re- placed with much heavier machinery driven by electricity. In September. 1909, the deepest workings in United Verde Extension were at the S00-fOot level and drilling was all done by hand. but an exposure of ore at that time induced the management to be- gin sinking a winZe and plan for power drilling. says the Prescott Journal Miner
 Both in the drift and in the winze high grade sulphide ore carrying copper. gold. and silver with some lead began to show consistently and the management determined upon financing methods that would carry out q thorough campaign of develop ment.
 At that time the capitalization was 30O,000 shares and a meeting Of the stockholders in November. 1909. au- thoriZed its increase to 400,000 shares. Allotments of this have been sold at varying prices from S1 per share up- ward. the most recent being an allOt- ment of 2O,000 shares which was un- derwritten at $2.50 per share and of fered to shareholders pro rata at s This last allotment will bring the outstanding stock up to 360. 900 shares leaving 10000 shares in the treasury. while the $60.000 secured from it's sale will bring the cash balance in the treasury up to more than $100.- GOO at the present time
 Last April the Consolidated Arizona Smelting company, through its con sulting engineer. Martin j. Heller. opened negotiations with the United Verde Extension for ore to be ship ped to the Humboldt smelter. but the management has deemed it wiser to withhold shipments until more thorough development of the prop erty is secured.
 The developments of the last six months have given a remarkable stimulus to activity at neighboring properties around Jerome.
 Shipping Ore.
 T. C. Garnier. who has been look ing after hiss.nining interests at Ger. bat. was in Kingman Thursday last. says the MOhave County Miner He reports that he is getting out a ship ment of high grade lead ore to be sent to the smelter at Needles. At the other properties nice showing of gold ore has been made. At one of the shafts gold ore running many hundreds of dollars to the ton has been uncovered. The veins are all promising and only need development work 10 bring them into large pro duction of pay ore.
 Inspiration.
 The Inspiration Copper company is now sinking both the Joe Bush and the Colorado shaft. The Joe Bush shaft is down to 490 feet. and the Colorado shaft has been sunk to a depth of 475 feet. During the sink ing of the last few feet in the Col orado shaft considerable ore has been encountered. The Joe Bush Colorado and Scorpion shafts have all been connected on the last level. and when sinking of the Bush and Colorado shaft has been completed 1t is prob ably the intention of the manage ment to connect these shafts as has been done on the level above Most Of the development work that has been done so far has been in the vicinity of the Bush shaft. practically no at tempt having been made tO block out any of the ore in the neighborhood of the Scorpion or Colorado shafts when sinking is completed it seems reasonable to suppose that under ground work will be- started from these last named shafts and attempt made to determine the exact extent of the ore zone. In the 75-ton test mill, that was completed short time ago. test runs are being made every few days with a view to de- terminc the concentrating quality of the ore and at the same time the kind of machinery that will he best adapted to handle it. Experiments have been made in the last few days with the system introduced by the Utah Copper company and the re- suits have been highly satisfactory a comparison of two makes of Rough ing Tables" is being made. both are equally satisfactory. the tests show that fifty per cent of the recovery is made on these tables. The In- spiration company has increased the number of drills by three. this makes a total of six of these drills that are now at work on the property. four are engaged in blocking out the ore. and the other two are being used in doing work of a more prospecting nature. In drill hole No. 4O5. one of the last holes drilled. ore was found that assayed as high as four per cent-GlObe Silver Belt