Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1919-02-02
VERDE PROSPECTS
CONTINUE ACTIVE

Deeu redcleQ IN the SlalL al fSIue
Combination, and it viii take about
two weeks more TO attain the 1900
level and allow for stump below that
point
For the first 100 feet below the
1850 level the shaft was in q well
mineralized blush-black schist- The
formation from the 1900 down and up
TO the last few rounds is hard dior
tie and jasper Recently the shaft has
been passing through a hard siliciOus
quartz and the last round Of shots
has broken into a soft schist fairly
well mineraliZed in pyrite and chalcO-
pyrite and showing some specks OF
bOrnite- The formation all appears 10
dip toward the northwest
When the station on the 1900 level
has been cut headings will probably
be run south SOuthwesteriy and
northwesterly, with the best chances
for finding an ore body in the latter,
for such direction conforms with the
dip and downward trend of the
streaks OF high grade copper ore ex-
posed in the station on the 1850.
However, it has been found that
siliciOus quartz more than often lies
on top OF the ore bodies in this dis
trict. and il is possible that the for
nation cut in the shaft VIII be found
to be the Gaping OF an ore body
Combination has been holding ND
well in the market, none being Offered
at less than 81, and is considered
a good gambling" purchase at that
price One can look for some activ-
ity in the stock when lateral develop
ment is started on the 1900 level
Gadsden
The crOsScut being run northwest
erly on the 1900 level recently cut
through a water course about 900 feet
from the shaft in which was exposed
several small pockets of native cop
per No drifting was done on this
formation and the heading is being
continued on toward the north and
south fault, a distance of about 1900
feet from the shaft The heading has
now gone about 1850 feet and has been
passing through a quartZ-schist- The
last few rounds are showing a very
soft decomposed schist Occasionally
evidences of chalcopyrite are TO be
discovered in the formation
Pitsburgh-Jerome
Supt Chas Arata is still awaiting
the arrival Of certain compressor parts
necessary for the starting up of the
machinery before work can he re-
sumed on a larger scale
II is anticipated that when work is
again inaugurated, extensive develop
ment will be done on the 500, or
main tunnel level Some very prom
Using ground was encountered in work
done there last summer, however, a
lead Of rich ore which was exposed
was cut off by a slip" or break in
the formation. and it is for the pur-
pose Of locating this enrichment at
some other point that the new work
will be done
Shea Copper
a small force of men is at work
extracting and sorting the ore from
the west drift on the $50 foot level at
this property and sufficient pay rock
is now ready for a second shipment
TO the q V Extention smelter at
Verde. The first shipment OF about
Is tons netted in the neighbOrhOOd
Of $500 and. judging from the close
sorting now being done. the next viii
run much higher in value The va;
Ues occur as silver, gold and copper
with the white metal predOminating
in fact. picked samples have run as
high as 1900 ounces 10 the ton
It is estimated that there are over
1000 tons OF ore on the dump which
viii run from $50 TO $40 per ton
f L Bartholomew, former superin
tendent Of the Venture Hill and Verde
Apex. is now in charge OF the wo-E
AZ Shea Copper
Calumet & jerome
Prospecting by diamond drilling Is
agai1 heinz done at the G & J. Z
~o7-rart for th-ee or four holes com
nrising Ger 1000 feet OF work ha-ine
been let to the Diamond Drilling com
pany
The first set-uD has been made jusf
over the top Of the sill from the
shaft on the Calumet" claim Thi:
ground lies adjoining the Venture
South" and Venture North" claims
OF the United Verde Copper company
and, while no work has been done o.
the latter claims for some years. !
is said that some rich ore was extract
ed from near the surface q number O
years ago
Jerome 5isbee Copper Company
The above named company was re
Gently organized TO take over the de
funct Jerome Portland Mining con
pany- Late last year the prOpertie
Of the Jerome Portland were bid i
at q recsiverShip sale for $4,000 b
parties interested in the welfare @
that company, and an option has bee
given the new company which wi
permit Of the purchase Of the prOpel
y at the same figure.
TIE Jerome Bisbee IS capitalize
for 100000 shares Of the par Talu
Of so cents each
There are about SOC, 900 shares {
the Jerome Portland stock Outstan'
ing mot counting the Frame stoc
which was declared Illegally issued b
the COURT Stockholders in JerOm
Portland are being given the Oppo
tunity OF exchanging their stock shaI
for share FOR that Of the JerOme-Bi
bee upon the payment Of a fee Of
cents per share. such payment 10 :