The Ivanhoe Copper Company was started in October 1922 to explore the siliceous outcroppings  on a group of claims that extended from Hazzard Street in Warren south towards Mexico. These claims known as the Ivanhoe group were purchased from I.W. Wallace. By December 1922 the shaft had been sunk to a depth of 20ft. under the direction of well-known Bisbee mining engineer M.J. Elsing. Although, it was intended to sink the Ivanhoe shaft to a depth close to 1000ft, the shaft was sunk to 375ft. with five hundred feet of drifting on the 200 level. During the 1990s the shaft was open and raw and had an early style single deck cage lying on the dump. This cage is now on display at the Queen Mine tour in Bisbee.