Bisbee daily review., 1916-12-17
Great Importance Is Attached to Discovery of Sulphides in Development Tunnel of the Venture Hill Company.
VERDE APEX STOCK
 FAVORABLY EFFECTED
Jerome District Enthused over Discovery and Particularly Prospects in Southern Part of District.
(By William P. De Wolff


 PRESCOTT. Ariz., Dec. 16.-An ore discovery of importance made a few days ago on the property of the Ven ture Hill company has focused mining interest on the south end of the Verde district and has stimulated develop ment work considerably in that sec ton. The value of the discovery. both in relation to the acreage directly af- fected and that contiguous therto. can hardly be Overestimated as it offers corrohorative evidence in support of the contention that the copper ore bodies of the Verde district are by no means confined to a circumscribed area in the immediate vicinity of the United Verde and the United Verde Extension mines. but to the contrary. that they are distributed generally throughout the district.
 There is little choice in the relative importance of the discovery to the two properties directly affected there by-Venture Hill and Verde Apex as they adjoin and are to be developed by means of a common shaft. The site of this shaft is within 50 feet of the point in the Venture Hill tunnel where copper sulphides were recently encountered. and is within like mum Der of feet of the point where the ledge that is being followed through Venture Hill ground intersects .ar1D -tsas1c fk MineralOgical conditions indicate that large and profitable body of copper ore will be opened at depth in the juncture of the two ledges.
 Location of Strike
 The strike on the Venture Hill was made about 500 feet in from the mouth of the companys tunnel, near the end line of the Socrates claim. and the side line of the Black Horse claim of the Verde Apex company. The tunnel in question follows the course of a ledge which outcroos bold ly and shows considerable minerali- zatiOn at surface. Native copper was encountered from time to time as the tunnel was advanced. and a few days ago this satisfactory condition was emphasized by the discovery of cop per sulphides.
 Where first encountered the copper sulphide section of the ledge showed a breadth of two feet of ore well i'm pregnated with chalcOpyrite Subse- quent crosscutting disclosed 27 feet of similar ore. The face of the cross are disseminated generally through out the deposit and appear to be per manently part thereof. Most of the ore thus far extracted shows more or less chalcOpyrite on its exterior and when broken open discloses copper sulphides throughout it's interior The deposit appears to be pitching into the tunnel from Verde Apex ground a condition which tends to bear out the opinion of Superintendent John Riley to the effect that the Venture Hill and Verde Apex ore bodies are in reality a single ore body and that at depth they widen and merge into a comprehensive deposit Of copper
 Strike Causes Exeitemers
 The Venture Hill strike caused con excitement and comment at Jerome. followed by increased interest and investment in Venture Hill and Verde Apex shares. That investment was not centered almost exclusively in the shares of the two properties di- rectly affected was due to the fact that they were withdrawn from sale following the strike. This action on the part of the joint man. agement of the Venture Hill and Yer de Apex companies left available for
 Continued on Page Two)