El Paso herald. (El Paso, Tex.) 1901-1931, 1916-04-29
CAPITAL SEEKS
JEROME CLAIMS
Calumet & Hecla Interests
to Develop Haynes Mine;
Predict Another Oatman.


Jerome, Arlz., April 2s.-News that
interests identified with the powerful
Calumet & Hecla Copper company, OF
Michigan, had acquired the Haynes
mine and would undertake its devel-
opment within so days. came as dis
tlnctly pleasant surprise to Jerome.
The Haynes is now held in the name
Of the Jerome Victor Extension Copper
company, capitalized at 100000.
James T. Fisher is president; J. B.
Patton. secretary John B. Peterman,
treasurer; A. +. Peterman. counsel All
these men are Identified with the Calu-
met & Hecla. Other wealthy Michigan
mining men are on the board OF d.
All the Arizona Indebtedness Of the
haynes Copper company, which went
INTO bankruptcy June %, 1914, has been
discharged. Other debts are being paid
as rapidly as possible and all viii be
cancelled in the course Of 80 days.
Inc haynes group includes elght
patented claims, adjoining the United
verde Surface equipment includes an
elght-drlll compressor, a double-drum
MOIST and power house 4OX6O rect IN
size In addition there were electric
pumps which were pulled out Of the
SHAFT when work was discontinued
SHAFT Timbered Top to Bottom.
The three compartment shaft is down
lZOO feet and is timbered from top 10
bottom. 1t is all in diorite with the
exception of seven feet of jasper at
about 11Q0 feet To pump out the
water, which fills the shaft to within
SIS feet Of the collar. will require about
80 days.
The plan OF development is to ex-
tend the drifts from the 12O0-foot level
and perhaps to sink the shaft 400 or
6Nn feet TnannW Electric VIII
be installed at both levels.
The United Verde Extension com
pany's new 1500-fOot compressor has
been delivered and will be operating
within 80 days. In the meantime things
are being cleared away for the winze
that is to be started 900 feet south OF
the shaft. on the 1400-foot level. as
soon as the air is available This
Wine viii be sunk 200 feet
Has SGO,OOO,OOO blocked.
At the present prices OF copper the
United Verde Extension has $60,OOO,0O5
worth Of ore blocked out 1t is ship
ping 200 tons a day to Douglas. It
is said that the average for April IS
nearer 30 per cent than 20. which was
the approximate average in March.
Tt is generally believed that 80 days
will see the Shattuck--ArizOna COM
pany, Of Bisbee, developing the Calu-
NUT & Jerome group, which It now
holds under option. This group com
prises 1873 acres Of the most promis-
ing ground in the district. On the up
per side is the United Verde vein, on
the lower side the Daisy vein II IS
on the Daisy vein that the phenome-
nal U. V. Extension ore body has been
opened.
An immense iron and schist outcrop,
600 feet wide, is partly on the Calumet
and partly on two claims owned by
senator W. A. Clark. The same kind
Of Gaping is over much Of the United
Verde ore body.
A shaft has been sunk 100 feet on
the Calumet and it is all in leached
ore. A tunnel has been driven 100
feet and it cuts through so feet Of low
of a big ore body.
Another Oatman in Prospect.
Another Oatman is likely to spring
up six miles west Of Jerome, in the
upper end OF the Jerome mineral belt.
Jerome is expecting a big gold strike
to be made there any day.
The strike may be made by the Three
Medals Mining company or by any
of a number OF individual claim own
ers. Already the main shaft OF the
Three Medals company is down farther
( accomplished in that region, so rich in
! gold possibilities.
Since the first Of this year location
( notices have been plastered all over
/ the gold end" OF the belt. which in
ciudes an area seven miles long by
three quarters OF a mile wide. This
area is crossed by iron bikes and
! quartz lodges, and practically every
! piece Of rock picked up from the sur
| face carries gold values.
Twelve years ago there was small