Mohave County miner and our mineral wealth., 1919-01-04
MINING NEWS FROM
 THf JEROME SECTION

! dlldlneu d Qepll Ol dUOuI o0 leSI Ue- low the 10S0 level. The formation for the entire distance since the re- sumption of sinking is well-miner- alized bluish-black schist In the
 round holes drilled Dec. 24th, about IS inches of solid sulphides were en- countered, and, while the extent of such body is as yet unknown, its mere existence in the shaft is considered as more than a favorable indication
 This sulphide, occurring as it does, may be the opening up of larger ! body of ore in the schlst, but in all probabilities it is one of the num- erous stringers of rich ore from all indiations lead from a larger and more compact body. It is believed that crosscut run on the 1900 foot level, when the latter is reached, will disclose the origin of the rich string CTS exposed in the l080 station and lower down in the shaft. At the rate now being travelled the shaft should reach the 1900 level before the last week in January.
 GADSEN
 The work in the crosscut being run from the 1900 foot level at the Cad sden is proceeding quite satisfactorily in spite of the fact that they are handling nearly 800 gallons of water per minute. A distance of about 1900 feet from the shaft must be travelled be1or cutting tn North and South Fault which runs between this prop erty and Verde Combination.
 Nearly 800 feet has been travelled westerly from the bottom of the 1900 foot shaft, and with the additional pumping facilities which will soon be install d it is expected to attain an average of ten feet per day in this heading. JEROME VERDE
 Shipments from the Maintop ore body will be little lighter than had been expected for the month of Dec ember due to the incelement weather and bad roads. However 5S7 tons have been shipped to date and it is safe to say that the returns from each shipment will more than pay operat- ing expenses at the mine.
 Consulting engineer H. P. Tender son and Secretary l. Mabbitt Sutton are expected to visit the property the latter part of this week, and no doubt some announcement will be made to stockholders after their trip of in- spection.
 Nothing of note has occurred during the past ten days in the development work at this property. JEROME PORTLAND
 This property was recently sold by the receiver of the company to the wly-organized Bisbee-J erome Cop- per company for an amount equaling the debts of Jerome Portland. The ] new company is practically reorgan- ization of the old one and is capitaliz- ed for the same amount.
 Holders of the stock of Jerome Port land, NOT INCLUDING the voided Frame stock, will have the privelege of exchanging their stock share for share for that of the corporation. Ap- proXimately 750,000 shares of stock, or one-half of the capitalization of Jerome Portland is outstanding, and issued.
 The directors will soon issue statement outlining the plans for the transfer, at which time will come an announcement of the future plans of the new company.
 VERDE SQUAW.
 Reports from this property are to the effect that the lateral work be- ing done on the 175 foot level has shown up some very favorable coun- try. About 50 feet of mineralized rock has been encountered a water course cutting the formation in half. It is expected that this water-course will be followed in anticipation that it will lead to richer ore.
 PITTSBURG-JEROM
 About the middle of January will see the resumption of development ac- tivities at this property. While no announcement of plans has been made it is known that the work which was being done on the 800 foot level will be continued. It was on this level that streak of high grade ore was cut, the same being lost on account of break in the formation. It is entirely probable that the work to be started will have for its objective the location of the continuation of this naturalization.
 Supt. Chas. Arata is at present spending the holidays in California. GRAND ISLAND.
 Within a very few weeks the Shaft at this property will have reached depth of 800 feet, and after allow ing for two weeks in which to cut the station, lateral development will be initiated. During the past month there has been steady buying of this stock and as high as 15 cents per share has been paid. Local specu- lators are gambling on the possibility of opening up an orebody when the large ledge which was cut on the 200 level is encountered at this greater depth, also the near certainty that the Shea vein will be found to extend across part of the Grand Island ground. E ,The Shea has recently broken into the shipping class and has already de- livered to the United Verde Ext. at Verde little over 13 tons