Bisbee daily review., 1916-10-08
Verde Apex and Ventura Hill Complete a Joint Working Agreement for the Opera lon of Properties.
MANAGEMENT SAME
 AS IN THE PAST
Victor Extension Drifting To- ward United Verde Lines on Its 1900 Level-New Prop erty Taken Over.
(By William p. De WolD

| PRESCOTT, Ariz.. Get 7.-Plans are well advanced icr the joint deyel- opment of the Venture Hill and Verde Apex Copper Companies estates on fifty-fifty expense sharing basas. and with Q view to opening la depth in each of the properties the deposit of native-copper-bearing ore that was re- gently encountered in the Venture Hill tunnel. This deposit is one of the most promising opened of late in the Jerome field and bids fair to in time place both the Venture Hill and the Verde Apex in the productive class. By the foregoing it is not to be understood that either of the pro perties is at this writing a mine. It is to be understood, however. that each of them is more than likely a mine in the making and that at depth each will make good its present pro mise.
 At a meeting of the Venture Hill directorate held the current week in Prescott. Ed Shumate succeeded Boas Duncan as president of the company. and will in the future act jointly with J. II. Robinson. secretary of the Verde Apex company, in the financial man. asement of both explorations. This action gives each company a managing director in the field of the companies operations. and puts the financial man. agement of both in direct touch with the joint mine management. John :. Riley. under whose supervision both .of the properties are in the future to be developed, is a practical copper miner of wide experience and is thor oughly conversant with the copper ore Occurrencies of the Jerome field. The Venture Hill directorate at the meet ing held this week sanctioned the CO., Operative development plans drawn up and passed by the Verde Apex directorate and turned them over ro Riley for execution.
 Companies Development Plans
 The latter has employed an engineer to survey road to the site selected for the two-company shaft and expects to have the graders on the job within few days. This road will connect with the easy-graded road which af. lords access to the Pittsburg-Jerome property over the Venture Hill con- pany's estate. The joint working shaft will be sunk on the end line of the Socrates claim of the Venture Hill company. and the side line of the Black Horse claim of the Verde Apex company. along the course of the tunnel that is being driven through Venture Hill ground to a ledge inter section of promising possibilities on Verde Apex ground. The proposed shaft will be a 3-compartment. deep working medium and will be equipped with modern machinery. The latter will include hoist having lifting capacity from a depth of at least 1cor feet, compressor. jack-hammers. etc The joint plans likewise provide for the immediate erection of the neces- sary camp buildings and include a bunk house to accommodate fifty min CTS.
 In the meantime work will continue in the Venture tunnel and will be sup plemented by the driving of a lateral form a tunnel in Verde Apex ground to a point directly beneath a 27-foot shaft that has opened a body of cop per oxides and sulphides. The Ven ture Hill tunnel at this writing has been driven a length of 66O feet along the course of a ledge that ou:crops hA1 hnf aafa strong copper indications. The objec- tive of this tunnel is the ledge inter section-before mentioned-On the Black Horse claim of the Verde Apex about SO feet beyond tte end line of the Socrates claim of the
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