El Paso herald. (El Paso, Tex.) 1901-1931, 1916-04-22
Gold Ore ut 800 Feet.

/ or the ArEO SHAFT opened Lue Hld! IN
vein. Samples average $A14 a ton IN
gold
1t is understood that the Gilt Edge
company has opened a vein OF Solu-
bearing quartz and calocite in a cross
cut from the 100 foot level
panies floated was the Dundee-Ari-
IONA This was organized by +. ,.
stephens and Alexander Mackay, two
Scottish capitalists who had long been
| interested in the Jerome district II
| was formed with 500. 600 shares, par
value 81. For the GreenflOwer and
I Green-up claims, Stephens and Mackay
! received 275,000 shares The remaining
| Z25,OOO shares were taken over by a
| syndicate of Phoenix business men,
{ who offered 100, 900 shares at par. All
the stock was taken in few days and
now 50 a share is offered for Dundee
! Arizona in Jerome.
The claims lie about half a mile out
| of Jerome on long tongue Of land
| known as the "Hogback." Cutting
through the claims for a distance or
zoo fet is a ledge Of conglomerate,
: stained a vivid green and averaging
all the way from six to IL per cent
| copper right on the surface. A tun-
! mel has been driven into this ledge zb4
feet 1t soon passes through the con-
| Glcmerate and enters the lime, which
! is also heavily impregnated with
copper There are frequent water
/ courses through the lime and from
]
/ as 30 per cent copper can be broken.
Interest i'm shea Copper.
! Jerome is now greatly interested in
! the Shea Copper company. which is
! not fully organized. II is being
/ formed to develop four claims south
| OF the Copper Chief mine which are
owned by D. J. Shea, one Of the lead
( ing business men of the camp The
I company will be capitalized for $780,
/ 600, with 100000 shares having a par
value of so cents Applications for
/ hundreds Of thousands of shares at par
! have already been received.
About $4,000 worth Of work has been
] done on the Shea claims. Several
shallow shafts have been sunk and
short tunnels run. All are in ore; at
no place has either wall Of the ore been
cut. There are eight OF nine outcropA
all running we'll up in copper.
Surface indications are almost iden-
/ teal with those on the now famous
Copper Chief mine, which the Shea
claims adjOin, except that the copper
values are higher and the gold values
lower.
Good Strike in Copper Chief.
The copper Chief is owned by the
Hayden Development company. a close
corporation. That an important strike
OF copper has been made there is
known, for the company has con-
tracted for the freighting of 80 tons
Of ore daily to Clarkdale, to he
shipped from that point to one Of the
southern ArizOn smelters.
For years the Copper Chief was sup
posed TO be chiefly valuable for its
gold and silver. From the surface to
the 160-foOt level the main ledge is 20
feet wide and averages IS a ton in
those metals At 300 feet a drift was
run $50 feet all in two per cent cop
per ore. At $50 feet the present
depth of the shaft, the ore is much
higher in copper.
tunnel taps the shaft at the bot
tom and through this gold ore mined
q
to the mill. The mill, which is a tube
and ball mill with cyanide plant, was
completed last October. 1t is treating
125 tons of ore daily and is saving 20
per, cent of the values.
James Wellington Finch is now at
the Copper Chief mapping out a plan
for developing the unexpected copper
deposit.
To Develop jerome Verde Ground.
The Jerome Verde company owns %
patented claims surrounded by the
United Verde. q. " Extension and
Dundee-ArizOna. About three weeks
ago the L. V. Extension entered into
contract to perform, from its own
workings $50 feet of development
monthly in Jerome Verde ground. In
the meantime the Jerome Verde is pre-
pairing to begin development on its
own account Within few days it will
let a contract for the construction Of
POO feet Of road leading to a new
shaft site about 1900 feet southeast of
the main shaft of the .. Y. Extension.
This road viii cost about $4,000; when
it is completed machinery will be in
stalled and the new shaft sunk at least
1000 feet.
Development is proceeding rap dly at
the Pittsburg- jerome property. The
shaft is down 500 feet and is tapped
by a tunnel at the bottom.
The Shattuck-ArizOna company, Of
Bisbee has taken an option on the
Calumet & Jerome group and is now
negotiating for some claims owned by
Joe Larson and Charles Suffer. It is
understood that development work is to
be undertaken soon.
In the North End.
Among the most promising proper
ties in the north end OF the district
are the North Verde and Arkansas &
Arizona The Goodrich-Lockhart COM
pany. Of New York, bought the four
North Verde claims and is holding them
under the name of the Movies Copper
company. Pending a deal to secure
an option on 81 per cent Of the Ar
kansas & Arizona stock, the commence |
ment of operations on the North Verde |
was delayed. An apparently authentic
report that n deal for control of the |
A. & A. had been cOnsummated recent
ly sent the stock from 25 cents to 80 |
cents a share.
There is every reason to believe that |
the Grand Island, which adjOins the |
Shea in the south end Of the district. |
will be active soon. 1t consists of lS |
patented claims, with a surface show (
ing similar to that Of the Copper Chief |