Bisbee daily review., 1917-02-25
Homestead Property in the Walker District of Yavapai County Is Sold to Syndicate of Eastern Capitalists.
CLAIMS REGARDED
 AS VALUABLE GROUP
Lorna Verde Copper Compa- ny Completes Listing It's
 Shares on N. Y. Curb-Lo- cated Near Blue Bell Mines.
By William p. De Wolff

By William F. De WOlD
 PRESCOTT. Ariz.. Feb. PA num- Der Of mining deals of more than or dinary importance have been closed here within the last ten days. one of the more important beins the trans fer of the Homestead property in the Walker district to the United States Continental Mining company. a New York City corporation. The deal was closed by telegram immediately fol- lowing the submitting of a report on the property by j. H. Shockley. the cOmpany's consulting engineer MT. Shockley optiOned the Homestead for the New Workers in the latter part of 1916, under a twO-year bond and de- ve!opment agreement. The taking up Of the option within few months of it's sIsnaJOry date may therefore be accepted as indicative Of the present and future worth of the estate.
 The HOmcstead.is is one of @ number of valuable mining properties in the Walker Basin district. scene of the earliest and most successful placer mining operations in this section of Arizona. The history of Walker Bas- in dates back 10 the period immediate ly following the Civil War. when a party of Confederate veterans. headed by the man after whom the Basin is named. made camp therein en route to California. discovered it's placer gold yielding possibilities. establish ed permanent headquarters. and grounj-sluiced out about quarter million dollars worth of gold. The Homestead shaft is located within a few feet from where the sOutherners frst found gold. Under the supervis- ion of Nr. ShoCSley a shoot of sul- phide ore carrying high values in sil- Yer and gold. has been opened for a length of 900 feet by means of this shaft. Development of this ore body at depth is now the objective and to that end the shaft is at once to be equipped with powerful hoistins and drilling machinery.
 loma Verde Financed
 Another important deal closed of late has to do with the financing of the LOma Verde Copper company and the plan to list it's shares on the New York Curb. The company is working a group Of ten claims and millsite- a total of POS acres-lOcated in the vicinity of the productive Blue Bell. De Soto. Butternut. Henrietta and copper mines in the Big Bug district The Lone Pine group of three claims. owned by the Loma Verde, has produced about S1OO. coo worth of gOld-cOpper ore from near surface workings Mineral contents 10 depth Of 25O feet range from Sl0 to $50 gold and from l5 tO 20 percent copper 10 the ton. Funds have been supplied tO meet the expense entailed in opening the ore at much greater depth. and in mining and stOpInc ore on the levels already established An order for mine machinery will be placed the current month Arrange ments have been made with the Hum bOldt smelter. located about two miles south of the property. to treat the ore now exposed in the mine and on the dump.
 During the past two weeks four ears loaded with silVerlead COncen- trates have been forwarded tO Fl Pa SO smelters from the Arizona mine in the Humboldt country The ship nents had total value of S20.0o0. made during the latter part of 1916. when the property pass ad t0 the control of Anderson and Birch. after a protractei period of likeness, had a total value approxi- mating $S5.000 X noteworthy feat Ire in connection with development ,f the Arizona is the fact that the ore body is widening 1ld carving hi-h- Pr silver "Onter. as depth is gcined. which would indicate the presence of ! large and unusually valuable depos- ( of silver-lead ore in the primary .One Milling operations have been pending the installation of m 0il-fotation unit in the Seton re .uction plant
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