Bisbee daily review., 1918-03-03
UNITED VERDE EXTENSION
 ISSUES ANNUAL STATEMENT

The directors of the United Verde Extension Mining company of Jerome have finished their annual report for 1917. which follows. There are many stockholders in the Warren district who will be interested;
 Your directors report that satisfac- tory progress has been made in all the operations of the company during the past year.
 The company has continued its pol icy of maintaining its production at its maximum shipping capacity Ow- ing to the fact that We have been obliged to ship our ores to several diff ferent smelters with w-l:ch we have made arrangements for treating it, we have minded only our high-grade ores and are holding our low-grade ores Tn reserve until our own smeiter is cOm- pleted. when we can more ecOnOm- ically handle it.
 Our shipments for the year 1917 amount to a total of 115,604 dry tons of ore. containing 63,S42,7S1 pounds of copper. 1856 ounces of gold and 3S2.536 ounces of silver, an average per ton of 549.6 pounds of copper, .0144 ounces of gold and 2.S9 ounces of silver. (All of the above figures represent 95 per cent assay contents
 During the year we have sold 5S,- 23g. .636 pounds of copper at an av- craze of 27.034 cents per pound. In cluded in these sales is the balance of our 1916 copper on hand at the be ginning of the year. On December 31- 1917. we had on hand 20.S6O,622 pounds of copper product. but unsold. | This copper was contained in bullion l in process of refining, bullion in transit, and ore in transit.
 No special prospecting work has been done during the past year. and no new ore body developed since ouI last report. Our development opera tions for the year 1917 aggregate F, ,266 feet
 The company has exercised all its options on mining claims mentioned in our last annual report
 We herewith briefly summarize the ! improvements that were outlined in the annual report dated December 21 1916, that have taken place during the past year:
 Mine-The new shaft, now called the Audrey shaft, has been sunk tc 6S feet below the 1400 level and con 1 creted for 500 feet from the surface One of our great problems has been ] the satisfactory housing of our men and we are glad to say that we have made substantial progress towards this end. A number of permanent houses have been built on the Hamp shire claim. and in addition we have built a number of temporary houses tC accommodate families and to furnish lodgings for single men and very satisfactory boarding house has beer erected which furnishes table board Hotel and Office Building - The , contracts have been let and construC ton commenced on . miners hotel planned to accommodate about so oi our men. This will be a very hand some building. situated above the Edith shaft. and will be of reinforced concrete with all arrangements mod ern in every respect. The company has already graded this site and has made arrangements to furnish the necessary cement and crushed rock ! for building. The contract price is ' S70.000.
 Additions have been made to the \ present mine office pudding which will take care of our necessities until press of other work permits us tc build a suitable building which will | accommodate the staff at. the mine Tunnel - After careful considera ton of the various rOuses surveyed fcl [ the tunnel. it was finally decided tC run the tunnel south of the Dundee Arizona. This route. though lonsel than others surveyed, has the follow | ing advantages: It is entirely on the cOmpany's ground except where il ! crosses the FlOrencia and the No. 1!
 claims; it will run through and pros
 pect virgin ground south of any de
 veloped on the property; it will make i accessible for development a large
 area on the south end of the property
 all of which more than counterbal
 ances the advantages of a slightly
 shorter haul.
 Work on the tunnel is being prose cuted from the portal of the tunne
 and from the 1900 level of the mine ! A shaft has been sunk on the Texas
 claim 595 feet to the level of the tUn
 nel a crosscut run to the line of tho
 tunnel and work is in progress in two
 headings from the Texas shaft or : December 31 the tunnel had beer completed for 3074 feet from the DOT
 ton.
 Railrcad-The United Verde EXten
 sion Mining company under cOntrac
 with the Arizona Extension railroad
 company has completed a line oi