Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-12-24
CALUMET-SONORA
SHOWING UP WELL
Officials Issue a Statement
Showing Splendid Values
In Large Holdings.

DULUTH, Dec. 2S,-The following
official statement was issued today,
showing the progress of the Calumet
q Sonora Mining company since Dec
], 1908.
At that time. Dec. /, 1908, the com
pany owned three claims, the San
Antonio, San Juan and Buena Vista
comprising 1873 acres of ground adj
joining Massey No. 2 on the south o.
the Greene-Cananea Copper company
In the Cananea district. Development
work began on Dec. /, 1906. on these
claims. In December of the SAINT
year the Duluth claim was secured
In April, 1907, the Ronquillo and the
Silberstein were added, making, all
told, in the Buena Vista group, 500
acres of mineralized ground During
the year 1907 a large amount of de
velopment work was done, showing up
one of the richest mines in the Can
anea district
Between Jan. Is and Oct Is, 1907,
the Catalina group of eight claims.
comprising $50 acres adjoining Greene
Cananea Copper company lands on
the north, was bought and paid for.
Development work began on this
group of claims in October, 1907. To
day there are three shafts in ore Uu
the Catalina group No. l and No. 2
Chivera. The report of Dwight z
Woodbridge on the Catalina group in
Guiding ore shown up since the re-
port was made, shows 100000 worth
Of ores blocked out and in the dumps
in Catalina No. 1 and No. shafts; in
Chvera No. 2 shaft, nearly 81 100000
worth of ore on the dump and block
ed out.
The railroad from Guaymas to Can
anea has been completed and win be
cpen for busiI ass on Dec. 20, 1908.
TIE completion of this road will en-
able the Calumet & Sonora to begin
the shipment of ores.
In September, 1908, the Buena Vista
group of 500 acres was consolidated
with the South Cananea Copper com
pany, compr. sing 1000 acres of land
adjoining the Buena Vista group and
Massey No. 2 of Greene-Cananea Cop
per company, making in both prop
critics $500 acres. The Duluth-SOnora
Copper company was organized to
take over these properties, with a
capital stock of 100000, divided
into 100000 shares of so each; 120,-
600 shares ofsthfs 30O,0 600 were given
to the Calumet & Sonora Mining com
pany for its properties and a like
amount TO the South Cananea Copper
company leaving 10000 shares in the
treasury.
On Jan. 6, 1909, 10000 shares Of this
stock viii be put on the market at Sc
a share, fully paid and non assessable,
-, UUU shares from the treasury of the
company and 100000 shares from the
holdings of the South Cananea Copper
company. No such opportunity for
legitimate investment or speculation
has ever been offered the public. Con
sidering the large amount of mineral
ized ground the properties all paid for,
the company free from all liabilities,
the mines already shown up, the con-
sentative mana cement, and the future
OF the Cananea district, the capital
stock of the Duluth-SOnora Copper
company is small There has not
been, neither viii there be any flota-
tion stock issued All stock sub
scribed for by the board of directors
and the shareholders of the Calumet
& Sonora Mining company must be
paid for at the same price as any
other subscription of stock.
Before the date fixed for sale the
public will be informed where and
by whom the stock will be Offered for
sale.