Bisbee daily review., 1907-04-09
THE BsBEE DAILY REVIEW BsBEE ARIZONA TUESDAY MORNING


 erty at the Hoatson and Junction oui development work has continuously shown punches and bodies of oxide ore, some of which are being stoped in considerable tonnage today, but which should prove to be of little i'm portance when compared with what is indicated as being below by the large leached areas surrounding them
 "At the Briggs shaft our No. 20 crosscut due south from the shaft ran through 400 feet of leached and cop. per stained ground, but difficulties with the fuel situation have prevented us from prospecting the ground as rapidly as we should have liked.
 "Our present policy is to gain depth as rapidly as possible in all of the every encouragement for expecting additional important finds in each.
 "We are now sinking the Cole, Hoatson and Junction shafts as rapidly as possible and should be ready to cut the 1,400-foot level station at the Cole and the twelfth station at the Junction by March 1, and the twelfth Junction by March 1.
 AS soon as the fuel conditions will permit it is our intention to resume sinking at the Briggs.
 While the development work done On the Superior & Pittsburg proper ties represents large number of feet of openings, as a matter of fact only a small portion of our favorably loea- ted claims have been touched at all.
 "Qur experience with the water at the Briggs and Junction shafts has convinced us that while we encounter serious difficulties while sinking and opening ground, that with the ground once opened and drained, the coming water amounts to but very little.
 Tt is the policy of the management to provide sufficient pumps and boiler capacity to take care of the water encountered in sinking and opening. so as to avoid delay as much as possible from this source
 While the development work done has not been as much as the manage ment had hoped for because of condi- tions over which we had absolutely no control, it has been most satisfactory in results, and think it is safe to say that more ore has been actually de yeloped on our property during 1906 than has ever been developed during one year since ore was first found on on the property, and we have more ore actually in sight today than at any time in the history of the property, with a large amount of most favorable ground. which development work has not reached at all.
 'I think it safe to say that as much ore has been developed on the Irish Mag claim during the year as has been taken out. The development work during the year has extended very largely the limits of the known ore bodies on the Senator claims, and two or three additional ore bodies have been found on these bodies.
 "The major portion Of the large de- posits which we have on the Buckeye claim have been found and developed during the year, and while large ore bodies have been opened on the Buck eye claim, as a matter of fact, only small portion of the claim has been uBNGlODtu dLi, anu Ouly LS" lSCI of drifting has been done On the Gib- raltar claim, which adjoins the Buck eye on the south. Both oxide and sulphide ore bodies have been develop ed on the Senator and Buskeye claims in about the same proportions that drifting, no development work was done On our Hope and Wagner claims during the year due to unfavorable conditions. Recent developments in the camp lead us to believe that these claims are very favorably located, and we have every reason to expect good results from their deelopment
 with the exception of few feet Of the two classes of ore were found on the Irish Mag claim, assuring us a good furnace mixture.
 During the year we have secured options on two groups of properties n the Territory of Arizona, showing favorable surface conditions, on both of which development work has been started. and some very favorable con ditions developed"
 Following were the assets and Tia. bilities of the Calumet & Arizona De cember 31, 1906:
 Cash and copper on hand
 at 19 cents per pound. 3,725, ,493.47 Ore in stock at mine and
 smelter at s10 per ton. 242,170.00