Weekly journal-miner., 1916-08-30
GREEN MONSTER OWNER OF B|G
 ACREAGE
HOLDING IS LARGEST IN JEROME DISTRICT; 32 CLAIMS HELD BY COM PANY IN FEE SIMPLE.
(By William P. De Wolf)

(By William P. De WolD
 w. S. Humbert, general manager
 of the Green Monster Mining Com.
 pany, is authority for the statement that the corporation is owner of the largest mineral-bearing estate in the famous Jerome copper district. This agreeable state of affairs has been brought about by discounting the pay ments on the B patented claims held under option and their taking over in fee simple. The deal for the acreage was closed 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 Yava- rai county ,and adjoining the we'll known Copper Chief mine In set ting forth the details of the transac- ton to your representative, Mr. Hum bert said:
 'The taking over of the B claims formerly controlled by the Green Monster Company under options which provided for payments extend ing over a period of four years, was the outcome of careful consideration on the part of the directorate and is in line with our plans for the future development of the property. The optioned ground is worth much more than the price paid and by adding it to our other acreage the company has been greatly strengthened as title to all of our holdings is now intact and under absolute control of the corpo ration. Then, again, the exercising of our right to take up the options in advance of the due-datc will work no hardship on the management as the company has additional funds suffi- cient to carry out the development work planned.
 Paid About Sl0O,0oO
 "The management of the company Is composed of able business men, several of whom arc miners and bankers of wide experience, and it is inconceivable that the amount of money necessary to take up the op- approximately Sl00,000-would have been paid out unless the claims were worth considerably more than the purchase price; which was, oi course, much less than it would have been had the payments been strung l out over term of four years. The | stockholders Of the company are to be congratulated upon this action of the directors, and also upon the probability of valuable developments on the optioned ground recently bought and on 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 road leading to the company's camp from the main trail 10 Jerome, has been completed with the exception of few culverts, and the work of erecting the camp build ings is well advanced. As soon as the mine machinery is in operation the crew of miners will be augmented with a view to opening ore bodies at depth in the shortest time that is compatible with safe and sane min ing. In the interim, work will be con tinued in the various tunnels for the purpose of making determinations which will serve as guide to opera tions in the underlying stratas of cop per ore"
 Loma Prieta Looks Good.
 Recent developments in the Loma Prieta workings are very encouraging and lend emphasis to the contention Of local mining men that a large and valuable body of copper sulphides un- derlies the Copper Basin section. The shaft on the property has a depth of l55 feet and is in ore, heavily i'm pregnated with chalcopyrite, from the 65-foot point to its bottom. In other words, the shaft is in ore for a depth of % feet. A considerable tonnage. mined in sinking, has commercial value, and there are several tons of sorted orc on the dump that carries q Is per cent copper content. A few days ago level was established at the l40-foot point and crosscuts start cd east and ,.nst in thn orc The face