Bisbee daily review., 1917-10-28
VERDE APEX SOON
 10 BE DEVELOPED
 BY BIC SYNDICATE
Rich Looking Prospect of the Verde District, One Mile From U. ", Now Receiving Much Attention.

i JEROME. Oct. 27. - Al last he Verde Apex is to be developed This well known property. only a mile south of the United Verde and which. according to no less an author ity than Dr. Walter Harvey Weed. has commercial ore practically on the sur face, is to be explored at depth. {, A syndicate of Jerome and Pres colt investors. chiefly mining men. has secured an option on big block of Verde Apex stock and undertaken the financing of the company. The members of the syndicate have them selves pledged enough money to car | " on an extensive campaign Of de- 1 velopment- F. l.. Bartholomew, su- perintendent of the Verde Apex and Venture Hill. is at the head of the or ganization. and was chiefly instru- < mental in securing the necessary oD- tions from John L. Robinson and Ed Shumate of Prescott and C. T. Jolly of Clarkdale, the principal stOckholG- CTS and officers.
 The intention of the syndicate k to place at least $1O0,OOO in the Apex treasury for development purposes. With this end in view they are of- ferins treasury stock aI 9 cents a share. The purchaser of one share cf the treasury stock is given the privi- lege of buying two shares Of pooled stock at 12l2 cents. making the price Of three shares 30 cents. The pool is to extend through a year. That there will be heavy demand for the stock on these terms is i, foregone conclusion. It is doubtful if there is prospect in the Verde dis trict that has more admirers and sup pOrters than the Verde Apex. The work that was done years ago by the old company opened a magnificent showing-a showing which. even at that time, caused many of the wise heads in the mining game to pro nounce the Apex "a cinch for q mine"
 Developments within the last few days in the shaft being sunk on the line Os the Socrates claim of the Ven ture Hill company and tho Hack Horse claim of the Verde Apex have been of an almost sensational nature. and have attracted renewed attention to both properties. It is now con eeded that only capital for develop ment is needed to place the Apex in the class of high-grade producers.
 Ore In Sight.
 With copper selling at its present figure of 2S1s cents a pound it might even be possible to extract and mar ket at a profit the lOw-grade ore from the Black Horse shaft. But the show ing in the main shaft seemingly points the way to a big deposit Of high grade. and should be followed up by all means. The members of the syn dicate believe firmly that some five or six hundred feet of depth in the shaft and crOsscut to the west into Apex ground will open such a deposit.
 What Weed Says.
 That showing. according to Dr. Weed, is like the one which jed to the U. V. Extension ore body. t is similar to the schist lodges over the ore bodies of the United Verde. Here are the exact words of the geOlOgisi:
 It is the character of vein
 which eharacterizes the eSten-
 sion of the schistose belt of some
 of the ore bodies of the United
 Verde mine. and the great bo-
 nanza ore body on the 140o-foot
 level of the United Verde Exten-
 sion was discovered. am told
 by Mr. Dave Morgan. following
 a small Assure of the kind that
 carried native copper.
 But the Verde Apex will not have to go any 400 feet deep for the ore. There the schists lie exposed on the surface, not concealed under great blankets of sedimentaries.
 There are eight claims in the Verde Apex group, but as some of them are fractional the total area is only some S5 acres. They bisect the Venture Hill group from north to south. By many the Verde Apex and Venture Hill are confused because of the way their claims overlap and the fact that there is a working agreement between the two companies. As a matter of fact. the corporations are quite dis tinct.
 Location.
 The joint camp of the Venture Hill