Bisbee daily review., 1917-02-25
ANNUAL REPORT IF VERDE EX.
 |S GOOD
Gross Value of Ore Produced in 1916 Nearly Ten Million. Surplus as of January l Is Over Five Million.

ltBOlN OA lAit ull tNlOlS i Of the United Verde Extension Min ing company. which was mailed to stockholders from New York Tuesday. as a result of the annual meeting of the company. held Tuesday, follows. Undoubtedly it will be full Of interest for the numerous local investors who hold blocks of the stock. as it de- scribes work done on the property as well as plans for the future
 The report says:
 Directors Report, Year 1916.
 The directors report that eondi- tions at the mine are highly satisfac- tory
 The ore body mentioned in our Last annual report has been further devel- oped and has produced a very satis- factory tonnage of high grade ore.
 In January, 1916, another ore body was encountered on the HOO level. which has been fully developed on that level by drifts at regular intervals, and has an area on that level of over 6O.000 square feet. Between the 1400 level and the 1900 level this ore body has been developed by raises in the ore. Above the 1900 level three raises have been run in the ore. At about SO feet above the 1900 level the oxidized zone was encountered. We do not look for any considerable amount of ore in this ore body above that point We are certain of large amount of high srade ore ill addition to the 100000 tons in sight between tue 1900 and l400 levels. We can conseryatively estimate 1000 900 tons ot 16 Der cent ore iL tight
 A winze has been sunk 200 feet be- low the HOO level. After passing through 114 feet Of 15 per cent ore and 46 feet of very low grade ore. at l60 feet it encountered one of the bars of intrusive waste characteristic of the deposit. At the bottom the winZe passed out of the intrusive and encountered chalropyrite ore. such as is found elsewhere in the camp. The winZe was stopped at the l600 level. and on account of the difficulty of handling the water, no drifts were run from that level.
 No Prospecting Now.
 During the year 626 feet Of drifts and crosscuts were run on the 500 level. On the HOO level 1875 feet of drifts and crosscuts and 37 feet of raises were run. On the 1900 level 213 feet of drifts and crosscuts were run, and the winZe below this level was sunk 52 feet. On the 1900 level drift ing and crosscutting amounted to 3575 feet. and raising 2S4 feet; and on the 400 level 4774 feet of drifts and crosscuts and 1857 feet of raises were run. Also the winze from this level was sunk 200 feet
 In addition to the above. drifting and crosscutting to the extent of 154I feet was done in Jerome Verde ground for the Jerome Verde Copper company.
 Including footage driven in Jerome Verde ground. the total for the year on all levels is 1S.734 feet.
 No prospecting is now in progress. The efforts of the company are de- voted to mining as much ore as can be shipped, developing the existing ore body. and putting the mine in shape for economical production.
 So long as the present high price of copper continues. it will be the policy of the company-so far as consistent with good mining-to continue pro ductFon at the maximum shipping ca- pacity. In common with every other
 tContinued ou Page Six)