Bisbee daily review., 1911-11-08
WOLVERINE ARIZONA
 GIVES OUT STATEMENT
Company Makes Annual Re- port 10 Stockholders on
 Its Present Condition

DULUTH, Nov. 7:--The local off ces of the Wolyerfne-Arizona com pany have issued the annual report During the height of the excitement relative to the Calumet & Arizona and other properties in the Bisbee district this company was organized and operated intermittently ever since. At different times there have been rumors that it would be absorb ed by the Shattuck or the Calumet and Arizona or the Copper Queen. In the meantime the management has at different times opened small ore lenzes which have been mined at a profit and it has mainly through the sales of this ore that the organiza- ton has remained in tact The stock is widely scattered, although control is held here in the copper country. Last year, the company shipped and marketed ore amounting to $12,000, approximately and the expenses at the property were about S6,0O0 in ex- cess of this amount However the company still has d comfortable treas uIy balance and operating expenses are not heavy.
 The following information is giv- en in the report concerning the deyel. opments during the year:
 The work during the past year has been confined to opening up and shipping from the ore stope situated in the main tunnel on the northern limit of the Warren claim, and also exploring by drifts and crosscuts at various points where indications were promising, as outlined in Dr. Walter H. Weeds Geological report on the property last year. We have kept expenses as low as possible commensurate with the amount of work done. and have passed over an. other year without calling on the stockholders for assessments, but with our limited resources, we have not been able to work very large force, and in the present depression of the copper industry it is eXpedient to push explorations as economically as possible, and await a brighter fu- ture. About 5000 square feet of stoping was done in the ore body furnishing us with some ore but not enough to pay all expenses during the past year. From the ore stopes there was shipped to the Copper ] Queen Mine smelteFs, at Douglas : Arizona, since our last annual report ! 984 and 3932,O00 dry tons of sulphide copper ores netting the company a l total of $l1 ,873.56, all Of which funds
 were used in exploration at different | points by drifting and crosscutting ! Two cars of ore, about 90 tons, are | | k. s1N ment from which returns have not Yet been received.
 Tn order 10 obtain better ventil | a;ion and furnish another outlet VIC have connected the main ore body with the Uncle sam workings of a 1 Copper Queen mine. a distance of something over 60 feet. This will [ bring the Wolverine & Arizona work | ings much closer 10 railway connec | tioDs. The winze and ore stope un ] der the main tunnel have also been connected with the Shattuck-ATizona
 mine The Lime drift from the main working tunnel was continued kEuth ward through the Warren and George
 claims 661 feet. not only to explore
 the claims. but in hope that another | Dg1N OA OAE b2 gBEuElf JUL nothing of value was encountered A prominent prophyry ledge outcrop ing on the surface of the hill in the
 George claim gave promise of some thing of value below. but where cut
 at depth by the lime drift it showed l little or no evidence of mineraliZa
 ton. A total length of 148 feet o 1 crosscuts and drifts were also driver
 al points where soft leached ground
 warranted further exploration, bu
 with different results. From tht
 shaft on the. Broken Promise claiu
 all pumps. lApes and httings wers
 removed to the surface. and are now
 securely stored. awaiting any future openings that may be done at thil
 end of the property.
 Altogether the past years explor
 ations have not proved up anything
 of very great value. but there arr
 ether places on the property ret (