Bisbee daily review., 1905-03-05

light of recent developments at other properties in the neighborhood and on the same formation. this ore show ing at the Portage is made still more enouraging.
 Mir. GraybOwer, of Marquette Mich, one of the heavily interested capital ists in Portage Lake, has been here for a week or more. He thinks a good deal of Portage Lake and what he has heard since here about devel- opment work that has shown up things on other properties with bear ing on Portage has increased his con fidence in it. What this gentleman thinks will have weight wIJn others interested in the property. It can not be said officially that Portage Is to resume development right away, but nnofficially it can be said that such action is a certainty within the next several weeks. The develop ment resumed will be for business to finish.
 With the showing that Saginaw, Houghton and some more of them on the reretofore delared wrong side of the Gulch, Denn-Arizona for instance have recently made. why should not Portage Lake go to it with a good will? There is a lot of ground that IS sure due to come out strong down below in thebelow in the course of the next couple of years. It can not help but do it, the way things now look, and it will bring an amount of activity in all branches of mining in that sec tion that will carry a mighty strong reminder of boom days.
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 There has never yet been any off cial announcement of what was dis closed in the diamond drill holes put down on the Denn-Arizona property during the past two months. It does not require much strain on the imagi- nation to picture a large ere body in that same locality, however. Now comes the announcement that a four compartment shaft is to be sunk i'm mediately and the order for the neces- sary machinery is about ready to be placed. The object in sinking the drill holes was to explore the char acter of the formation on the Denn-Ar- izona claims, before sinking of the shaft and after two months of such exploratory work, comes the an nouncement now that a four compart- ment shaft is to be started under the superintendency Of Joe Collie, one Of the best miners in the district. There is no longer doubt that the DenR-Ari- zona company have discovered the goods and are going after it. This de- duction is further borne out by the fact that last night offers were free ly made of five dollars per share for this stock which has a cash value Of only thirty cents. The next call will be for $2.7O and at that time it is nc eXaggeration to state that Denn-Arizo. Da will be marked up on the boards $500 bid. Cut this prediction out and paste it in your hat.
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 Shattuck & Arizona strike, at depth of 525 feet, of ore assaying twelve per cent copper, means in the near future another producing mining company for the Warren district, located in the heart of the Bonanza Circle but not operated by the same men. The re- suits obtained in the Shattuck & Ari- Zona was a foregone conclusion. It was as good as a twenty to one shot and the only disappointment felt local ly is that there are no s. & A. shares for sale. This company has been if nanced by l.. c. Shattuck and a small group of Duluth and Wisconsin capi- talists who apparently know a good piece of ground when they see it and in addition know practical mining.
 A small box of concentrates from the mill of the Lucky Tiger. mining company was received in Bisbee this week. The concentrates are from ore running S20.00 to the ton and repre- sent value in concentrates of s40.00 per ton. These concentrates are be- ing shipped to the smelter at Fl Paso and the latest report from the mill is to the effect that delay has been caused in bringing the output up to the limit on account of interference by high water in that locality, a con- plsint that has been received from more than one mining district during the two weeks just passed.
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 L. s. & P. drifts north of the Cole shaft are reported to be in ground of much excellence. Soft lime is being cut which carries the most favorable outlook. Everything would seem bent to come the right way for L. S. & P.
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 American Development people con tinue absolutely idle, except in the an- nouncements in the price column of the value put on their stock. If the American people were not the Bonan- ga Circle crowd the figure paraded for the stock would give them a bad eye locally. With no development done and their ground located in a section of the district that is admittedly yet unproven, thatSS0 per share quotation looks queer at the best. However, ,Bo- nanza Circle people are behind the American, and it makes { wonderful difference.
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 The history of the Bonanza Circle crowd tells that whom anything like