Daily Arizona silver belt., 1907-12-22

to the company but have invested heav. fly in the shares.
 To the Stockholders:
 The mineral lands controlled by the Superior and Boston Copper company, and upon which mining operations have been conducted since it's organization, comprise in all forty-fve (45) mining 'laims, or approximately eight hundred LS00) acres, located in the Globe Min 'ng istrict, Gila county, Arizona, which,
 with the advent of the Arizona Commer-
 ial railroadf recently constructed, give she property direct rail connection with The Old Dominion shelter.
 In October of this year, final pay ments were made on bonds covering twenty two (22) of the claims, and deeds conveying them to the company have been received. The remaining claims comprising tbe group are still held under bond, the balance of the purchase price being two hundred and ffty-six thousand dollars ($256,000) of which one hundred thousand dollars ($l00,00O) is payable May 3, 1908, and one hundred and fifty-six thousand dol lars $l56,000) January 20, 1909.
 Active mining operations were begun about January l of the present year, and between that date and December l, a total of two thousand seven hundred and sixty-three (9,763) feet of devel- opment work has been done, which has been confined to the exploration and development of three (3) faults or veins, known to traverse Superior and Boston territory, namely, the Black Hawk, Buckeye, and Limestone (so. called).
 On the Great Eastern claim, which carries the extension of the Black Hawk
 fault (and immediately adioins the Black Hawk mine of the Arizona Com mercial Copper company, single com partment vertical shaft has been sunk four hundred and twenty.six (426) feet, which is equivalent to the 800 foot level of the Black Hawk shaft. At this point twentyfour {24) foot was Nut, anu d NIuHo-tuh ido been driven north two hundred (200) feet to intercept the vein, and at the angle the vein is dipping, it is esti- mated that the crOss-cut will have to be driven two hundred and fifteen (2l5) feet further before the vein is reached, which should be about Feb ruary l, 1908. At this juncture we might state that at the time of the organization of this company, our neighbor, the Arizona Commercial, had developed good commercial ore within a very few feet of the end line of our Great Eastern claim, and that recent ly, with their consent, we have been permitted to drive the east drift at their 800 foot level, through the line and into Great Eastern territory, with the result that for distance of eighty (S0) feet of drifting, we have the same character of ore and vein matter as is in evidence on their ground. There is sufficient warrant for the belief, there fore, that when the crosscut reaches the vein, we will be in position to begin and maintain shipments of ore from this point. As test, a small ship mentment of ore taken from the 800 foot drift on Great Eastern ground was sent to the shelter, returning 670 per cent copper, and 366 ounces silver. This ore was taken from the foot wall side of the vein, and was hardly up 70 the average. When the vein is en- 'ountered in the crosscut it is the in tention to immdiately drift west to
 onnect with the Black Hawk 800 foot level, thus providing air for both mines. l In the menatime, the Black Hawk shaft l is being sunk to the 600 foot level, | which will be of advantage to our if that it will demonstrate | the character of ground we may ex- pect to encounter at our next level, | and it is the well founded belief of the Arizona Commercial management that | sulphide ore will be encounteredin it's Black Hawk shaft at the 600 foot level pr at no great depth below.
 On the Black Oxide claim cross