Jerome News, 1906-06-26

Never since the discovery of rnineral in the Jerome district have the prospects for the thorough develop development - ment development of its resources been brighter. After close en enquiry, - quiry, enquiry, the NEWS was shown that th? companies now developing mines in the Jerome district have over $1,2^0/00 in tier tenures with \\h : ch to carry on the work they have started. This means money that can be checked out to pay expenses of development. With this can be counted th? money that is daily derived from the sale of treasury stock and that coming in from stock sold on the install installment - ment installment plan, which gives an amount for use ip the dis district - trict district that will assure the thorough development of the properties now under way. « « « « - J. E. Leeper has returned from his trip east after suc successfully - cessfully successfully carrying out the work he started out to do, that of raising money to develop the Royal Irish group. Mr, Leeper informs the NEWS that he has succeeded in getting subscriptions to the amount of SIOO,OOO pledged for this work. Over t;o,ooo shares of this stock was subscribed for in J.erome. At the present time he is rushing the organization as fast as possible, and when this is completed the sinking of a deep shaft will be commenced. Just as soon as practical machinery will be installed powerful enough to sink to a depth of i ^oo or 2000 feet. The Royal Irish group is an northern extension of the United Verde mine, and its development will be watched with interest by local people, as it is thought here that a mine will be developed on the ground. * * At tthe Black Hills the shaft is now down in the neigh neighborhood - borhood neighborhood of 650 feet, and the showing improves as deapth is attained. The new 125 horse-power boiler i- in place and was to be put in commission today. Work at the Cleopatra is being pushed forward with jn increased force both at the smelter and in the mine. At the mine raising on the ore bodies in the south drift has been started. In the- main tunnel ore has again been encountered which runs high in gold. * * Monday a NEWS representative, in company with L. C Haynes, paid a visit to the Owen-Allison group, now under control of th^Verde Chief Copper ..com ..company, - pany, ..company, andon which a diamond drill is being operated. In grading for a place to put the diamond drill, the foot of the hill on the south side of Mescal gulch was stripped for a distance of about iso feet. Lu for tot distance g ledge of iron. porphry and slaty

"The Development company is at present sinking a diamond drill a little below the mouth of the tunnel, which will cut the : ledge at a depth of 300 or more; feet below the level of the tunnel: ,at which level, and near the De- ! velopment company's property, , the United Verde people are now ' : taking out as rich ore as has ever ' been found in the district. The ! drill is now down 3)0 feet and should cut the ledge shortly. "According to well informed : people in Jerome all of this can mean but one thing, and that is a second United Verde with all that such a great mine means to a community.'' Another of the big Jerome; ! propositions visited by Mr. Akers' : was that of the Verde Chief Cop Cop-1 - -1 Cop-1 per Mining company. This prop - erty was looked over in company with Messrs. Ed Rucker, John Henry and W. J. Mitchell. He was greatly surprised to find the ledge was stripped crosswise at the foot of the mountain for a distance of 150 feet and showed a vein exceedingly strong and solid, j The width of the ledge is nat I known positively, but it is cer certainly - tainly certainly much wider than 150 feet at present uncovered. The extreme richness of the vein is shown in the fact that the ore comes to the surface carrying sulphides assaying from 6 to 8 per cent copper. Up to a short

Searchlight, Nev., June 29. - - Dr. J, W. Bracken, representing the interests of Senator W. A. Clark, accompanied by a mining expert from Salt Lake City, last week made a thorough inspection of the mines in El Dorado Canyon district; and betore leaving for his home in Las Vegas, Dr. Bracken announced that the Clarks would invest some capital in the canyon. The representa representative - tive representative of the Montana senator did not hesitate to state to mine own owners - ers owners that he was astonished at the richness of the ore in the district, and that he was much pleased with the prospects of the camp, and the general indications of mineral wealth iu that section. With such an experienced capi capitalist - talist capitalist as Senator Clark interested in the camp, the success of El Do Doradocanyon - radocanyon Doradocanyon is assured. His keen insight into the mining business, which is backed up by years of successful experience, makes it apparent that if he was not of the opinion that this part of the coun country - try country would yield heavy returns, he would not take the trouble to send experts here and upon their re(orc decide to invest. The mines particularly inspect inspected - ed inspected by the Clark representatives were the Wharton, Venus and properties.

For years the Copper Queen at Bisbee had no relatives, that is it was alone in itself as a family of big producers, but as time went on, first one and then another big mine was opened up in its vicin vicinity, - ity, vicinity, each one, comparatively speaking, as great a producer as the Queen. In the Jerome dis district - trict district this same transformation is apparently taking place. For years the United Verde was sup supposed - posed supposed to be alone in its greatness, butthat supposition is being d.s d.s-sipated. - sipated. d.s-sipated. and now there seems to be a fair prospect of others as great springing into existence as rivals of the United Verde. The chances are more than even that the Jerome ledge will be the means of making many inoie very rich men, and for their pluck and courage those Jerome men and their associates deserve riches iu abundance. SPLENDID OIL INDICATIONS Win. Mulvenon, of the Yavapai Oil and Mining company, received word Saturday from the com company's - pany's company's fields at Valley, eight miles west of Dei Rio, that the drill is now down 500 feet; the hard capping has been passed through and the drill is now in red shale that smells strongiv of oil. Sever.il pockets of gas were struck which made the vater bul

so." This confidence is not held alone by those who are directly interested iu the district, but by! men experienced in mining who visit and go out into the district to see for themselves, as will be seen from the following interview interviewgiven - given interviewgiven to the Phoenix Gazette by the Hon. C. H. Akers, of Phoe Phoenix, - nix, Phoenix, after he had visited the Je Jerome - rome Jerome district and examined for himself: Mr. C. H. Akers, who has been spending several days in and about Jerome on mining business, returned to the city last night and is greatly impressed with the district and its future prospects. Jerome has been a great producer i for the past fifteen years, but if present indications go for any anything - thing anything it has hardly started on its ; career as a mining center. Contrary to the generally ac ac. - . ac. cepted idea that the United Verde J copper mi ties, are in deposits, Mr. Aker» says the(e can be no doubt

shale was exposed, and mixed with it a copper sul sulphide - phide sulphide ore. The ledge is most substantial looking, and the mineral showing one of the best in the district. The drill is being driven at an angle so as to cross crosscut - cut crosscut this ledge from east to west, and St the most in interesting - teresting interesting point exposed will have reached a depth of about 400 feet. The drill has reached a depth of ;o feet and the showing is much better than expected at that depth. « While in Jerome this week Mr. Haynes made another payment on the Harryhousen group. He also made arrangements for another pay payment - ment payment on Janury 1 st, the fast payment to be made in July, 1907, instead of in January of that year, thus giving th? company six more months in which to ex explore - plore explore the ground before making final payment. « *

ed at the Copper Queer, where, after ore had been struck in that district by deep mining and by other companies, the Copper Queen went into old abandoned workings, and by making them deeper went into ore. Yearsago both the Bisbee and Jerome mints were "taken out by the roots." in the opinion of some, but since that time they have produced mil millions, - lions, millions, and will continue to do io for years to come, and when those now producing will have been ex exhausted, - hausted, exhausted, others will have been opened up to take their place, and those on the Jerome copper belt will not all be extensions of the United Verde mine. Some them, like the Copper Chief, which is estimated to have four million dollars worth of ore in sight, and is located live and a half miies south of the U. V.. will be miles away, and as great mines as Senator Clark's is.

risked their thousand millions are now-coming. The mines of Bisbee are scattered for miles along her mineral belt. For years in the Jerome district shallow work was all that the in individual - dividual individual or company could be pre prevailed - vailed prevailed upon to do. A ccndition which the News fought from its first issue until within the last year, when, after hundreds of thousands of dollars had been expended in "gophering.'' the de developer - veloper developer at last realized that, if they would meet with success in their efforts to develop a mine, they would have to do deep min mining, - ing, mining, and once convinced of this it was not long before the work was started. Profiting by the experience of the miner at Butte and Bisbee, deep work is not be being - ing being prosecuted only on extensions of the Jerome district's great pro-