Bisbee daily review., 1906-12-16
DENN-AR|zONA WAS FEATURE OF WEEK !
 HARRINGTON TELLS OF IMPORTANCE

new properties for many years to come. /
 The next companies to be brought
 into existence were the Calumet q
 PittsburE. Lake Superior ( Pftsburg IPittsburg c. Duluth and Junction-al development companies at the start
 These properties ultimately all de veloped good ore bodies and were re organized into mining companies and
 later consolidated into the Superior & Pittsburg Mining Company with a re disqualification of twenty million dol
 lars, two million shares with a par
 value of 5000 per share, of which l,600,0OO shares are outstanding and
 400. GOO shares in the treasury. The Superior < Pittsburg is al pres.
 ent producing about l,750.0o0 pounds
 of copper per month and is gradually
 increasing these figures.
 The next companies to be organized were the American Development Co. Saginaw Development O., Denn-Ari.
 zona Development Co. and the Warren Realty Development Co, in the order named.
 These companies still remain de velopment companies, but the Ameri- can and Saginaw have recently been consolidated and the resultant com pany is now called the American Saginaw Development Co.
 The capitalization of the different Icompanies is as follows:
 American-Saginaw, $1 900, 600 in 100. 900 shares of $10 par value outstand ing. and $500 paid.
 Denn-Arizona Development Go.
 $150, ,00G in 75,000 shares of .$I0.00 par
 value. all shares issued. and $500 paid The Warren Realty & Development Co, $500, 900 in 60.0e0 shares of $la
 par value and S12.00 paid.
 All of the ground controlled by these
 companies Is conceded 10 be mineral
 ground. and all of them have develop ed more or less of a showing of cop per. but until recently nothing of suf ficienuy high grade to be considered of a merchantable character. In other
 words, the developments up to tht beginning of last week, were in the nature of leached ores, or ores of a very lean character, running from l.: to per cent copper.
 On Monday. December 10th, the Denn-AriZona struck ore in a drift on The ten hundred level, running toward their drill hole and at a point about twenty feet higher than first encount' cred in their drill holes. As the drill records show that this hole continued in Ore for a distance of twenty-seven feet, it looks as though the ore body
 should extend down, probably on a dip, for at least this distance and probably much farther.
 At the present time this drift Is ir ] twenty-five feet, entirely in ore. al i but the first six feet of which, an
 informed. will average very close tt eight per cent in copper.
 This new strike at the Denn is o
 great importance, not only 10 the hold
 CTS of Denn-Arizona stock. but to the
 people of Bisbee as a whole, as il
 serves to extend the area of proven ground a distance of al least half a
 mile further 10 the east.
 The ore is copper carbonate in a
 soft fractured and highly altered lime stone. running high in iron.
 The Denn-Arizona shaft Is also in
 very highly promisig ground at a depth of about 1070 feet.
 The condition of the formation lis very favorable for the deposition of large bodies and the prospects are very bright for important developments on the HOO foot level.