Bisbee daily review., 1918-02-03
SHANNON C0MANY IS PURCHASER 0F HOPE
 PROPERTY IN NORTH

PRESCOTT. Ariz.. Feb. 2.-One of the most important mining deals which has been closed in Yavapsl County, Arizona. recently, occurred when deeds signed by J. A. Hope prominent capitalist of Prescott. and his wife, conveyed tine property of tn, old Yaeger Canyon Copper Company to the shannon Copper Company of Clifton This property is located some eight miles southwest of Jerome, and for months preliminary exploration work mas been going on. with the re- suit as above outlined. The old 1900 foot incline shaft was unwatered and the workings thoroughly explored Large bodies of untouched copper ore were disclosed and new reserves have been blocked out A few small ship ments were made to the Humboldt shelter. At the present time. the Shannon Copper Company is install ing S30,O00 power plant at the Yae- ger Canyon mine and it is understood that a concentratOr is among the probabilities of the near future. In the old days the Shannon was worked un- der very expensive and ineffective methods. Operations were suspended in 1907. when the slump caused the price of copper to drop.
 According to semi-Official estimates the earnings of the United Verde Ex tension in 1917 were about $6, ,50O.U0e. The company paid in dividends S2.992.- 500 and made large expendituI es. iOr developments. improvements and con struction- This property. which in 1916 was regarded as the most sensa- tiOnal development of the year, con tinued to break records in 1917. with an output of copper almost double that of its first full twelve months of oper- atiOn. The yield of 1917 was apprOxi- mately 60. .0O. 900 pounds against 36,000- 900 pounds in 1916
 No attempt will be made to resume production before spring at the Je- rome Verde. according to Superintend- ent J. B. Harper. Shipments from the Maintop ore body ceased December g, when the hOisting contract with the U- V. Extension expired. Accord ing to Superintendent Harper the re newal of the contract is entirely in the hands of Eastern directors The north drift from the Columbia shaft is now being extended. with the idea of cir
 
 the Extension territory and coming at the drifting necessary to connect the Columbia shaft workings with the MaintOp workings by this route. Since this work has been started several promising mineral shOwings have been intersected-
 Diamond drilling has been under way at the Grand Island since Janu- ary 1st and the first hole has reached a depth of approximately 200 feet From fl to Is feet is made in each shift. Work is going forward on the 200 foot level in the old workings. where the lode is being followed to the west
 Construction of the new highway out of Hillside into the Copper Creek country is making good progress since the county has begun active work and it is expected that the 30-mile strip will be ready for auto traffic inside of eight months. The Hillside Develop ment has completed its section of about six miles and the county has es- tablished its main camp fourteen miles out of Hillside and is working both ways The Copper Creek section is a region of diversified mineral content, in which copper predominates. The Bagdad interests will be materially | benefited by the new road.
 | Milton A Allen, mineral technOlo- gist of the Arizona State Bureau oi Mines recently made a reconnaissance of the situation in Chino Valley. where there has been so much activity dur ing the past few months. His report is awaited with interest by the men interested in the development of oil in Yavapai County