Bisbee daily review., 1919-01-05
MANY MINES NEAR JEROME DISTRICT
 CONTINUE ACTIVE
Verde Combination Encount- CTS Solid Sulphides; Jerome Portland Reorganized by Jerome-Bisbee
lSnecial to Tho Revlewl

Special to The Review)
 JEROME, AriZ., Jan. 1.-The shaft at the Verde Combination property has now attained a depth of about S5 feet below the 10S0 level. The forma- tion for the entire distance since the resumption of sinking is well-miner- alized bluish-black schist In the round of holes drilled December 24, 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 favorable indication.
 This sulphide, occurring as it does, may be the opening up of large body of ore in the schist, but in all probabil- ity it is one of the numerous stringers of rich ore which from all indications lead from a larger and more compact body. It is believed that a crosscut run on the 1900 foot level, when the latter is reached, will disclose the ori- gin of the rich stringers exposed in the 1OSO 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.
 GadSoen
 The work in the crosscut being run from the 1900 foot level at the Gads- den is proceeding quite satisfactorily in spite of the fact that they are hand ling nearly 500 gallons of water per minute. A distance of about 16G0 feet from the shaft must be travelled before cutting the north and south fault which runs between this prop erty and Verde Combination.
 Nearly 500 feet has been travelled westerly from the bottom of the 1900 foot shaft, and with the additional pumping facilities which will soon be installed, 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 a little lighter than had been expected for the month of De- cember due to the indictment weather and bad roads. However, 5S7 tons have been shipped to date and it is safe to say that the returns from such shipments 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 inspec- tion.
 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 newly-organiZed Bisbee-Jerome 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 capital izeG for the same amount.
 Holders of the stock of the Jerome Portland, not including the vOided frame stock, will have the privilege of exchanging their stock share for share for that of the new corporation. 750,000 shares of stock, or one-half of the capitalization of Jerome Portland is outstanding and issued.
 The directors will soon issue state ment outlining the plans for transfer, at which time will come an announce ment of the future plans of the new company.
 Verde Squaw
 Reports from this property are to the effect that the lateral work being done on the 175 foot level has shown up some very favorable country. About 30 feet of mineral;Zed rock has been encountered, water-cOurse cut ting the formation in half It is ex- pected that this water-course will be followed in anticipation that it will lead to richer ore.
 Pittsburg-Jerome
 About the middle of January will see the resumption of development activities at this property. While no announcement of plans has been made it is known that the work was being done on the 500 foot level will be con- tinued. It was on this level that a streak of high grade ore was cut, the same being lost on account of a break in the formation. It is entirely prob able that the work to be started will have for it's objective the location of