Bisbee daily review., 1916-08-27
Recent Purchase of B Claims for $100,O0O Puts Property Far in Advance From An Acreage Standpoint.
MUCH MACHINERY HAS
 ARRIVED AT PLANT
Lon1a Prieta, Copper Basin and Other Parts of Yavapai County Are Going Ahead at a Very Rapid Rate.
CBy William P De Woln

NbE Nltlldm T. De NOlll
 PRESCOTT. Ariz. Aug. 3S.-Gener- al Manager W. z. Humbert of the Green Monster Mining Company. is authority for the statement tha; the corporation is the owner of the larg- est mineral-bearing estate in the famous Jerome copper district This agreeable state of affairs has been brought about by discountina the nay ments on the 9 patented claims held under option and their taking over in fee simple The deal for the acreage was closed 9 few days ago and. with the 36 claims hitherto owned. gives the Green Monster company absolute title to 6S claims situated in the rich est experiencing section Of Yavapai county. and adjoining the weIl-known Copper Chief mine. In setting forth the details of the transaction Go your representative. Mr. HUmbert said:
 The taking over os the 32 claims formerly controlled by the Green Monster company under options pro viding for payments extending over a period of four years. was the out come of careful consideration on the part of the directorate and is in line with our plans for the future develop ment of the property The optioned ground is worth much more than the price paid. and by adding it t0 our other acreage the company has been greatly strengthened as title tc an our holdings Is now intact and under absolute control CT the corporation. Then. again. the eXercisin- of orr right Co take rp tho options iu ai- vance of the Gue-date will w1-k 20 hardship on the manasemeut as The company has additional funds sufi- cient to carry out the development work planned
 The management Of the company is composed Of able business men. several of whom are miners and bank CTS of wide experience. and it is in- conceivable that the amount of money necessary 10 take m these options approximately s100. .0G0-would have been paid out unless the cl1.r.s were worth considerably more than the purchase price; which vas. ot coursr. less than it would ba had the pay ments been strung out over a term of four years. The stockholders Ot the company are tO be congratulated upon this action of the directors. and also upon the probability of valuable developments on the optioned ground and other portions of the estate
 Several units of the machinery plant which is To be installed at the collar of the deep working shaft on the Green Monster property have ar rived and the remainder are on the way. The new roadway leading to the company's camp from the main trail tO Jerome has been completed with the exception of a few culverts. and the work of erecting the camp buildings Is we'll advanced. As soon as the mine machinery is in opera ton the crew of miners will b. aug mented with a view Co openins the ore bodies at depth in the shortest time compatable with safe and sane mining operation. Tn the interim work will be continued in the various tunnels for the purpose of making determinations which will serve as guide to operations in the underlying stratas of copper ore.
 Recent developmeG.s in the Loma Prieta workings are very encOurag- ing and lend emphasis 10 the conten- ton of local mining men that a large and valuable body of copper sulphides uuderlics the Copper Basin section. The shaft on the property has a depth of 155 feet and is in ore. heavily i'm pragnated with chalcopyrite. from the 65-foot point Co it's bottom In ether words the shaft Is in ore for a depth of 90 feet. A considerable tonnage
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