Bisbee daily review., 1916-09-13
UNITED ARIZONA HAS SHOWN BIG RESULTS
 FROM DEVELOPMENT

The United Arizona Copper Mining & Smelling company was organized less than six months ago, with head quarters at Phoenix, Arizona, and since that time has, by competent and careful management, accomplished more than any other development company organized during recent years. The company purchased 2S claims, containing 465 acres, 32 miles southeast from Jerome, Arizona, pay ing for a clear title to the property its entire capital stock, which under the laws of the state makes the stock fully paid and non-assessable. Subse- quently, in order to raise the necessary capital to develop the property, the owners gave back to the company all but 0,000 shares, and this is tied up in escrow until August, 1918. The com pany then offered to the public by subscription 100000 shares at 10 cents per share. This was oversubscribed. Another allotment of 100000 shares was then offered at 20 cents per share, and this was also greatly over subscribed, but sufficient funds were realized to sink the shaft about 500 feet. Both these allotments of stock were handled by S. S. Badger and E. F. Jones, of Douglas, Arizona.
 This put the company before the people on the very low capitalization of a total outstanding issue of stock of 5O0,000 shares and the manage ment do not think they will be called on for greater capital than S0O,000 shares, and believes they will be able to put the property on a paying basis for less than this amount.
 Active work started on the property June l by sinking prospect shaft by feet and sunk 50 feet deep. Thir- ty feet below the surface rich kid neys of very high grade sulphide ore was encountered, assaying as high as SO per cent copper. This ore varied in width from to 3 feet and followed down in the shaft. After a careful inspection by the company engineers it was decided that the showing justi- fled sinking a permanent working shaft, which was started July l. A modern gasoline hoist was installed and a accompaniment shaft sunk, timbered throughout. At the SO-foot depth native copper ore was encoun- tered. the copper being decimated through the shaft and continued to the 105-foo, 4pth, the high-grade ore gradually pitching out of the shaft at the 100-foot Lopth and the native cop per ore turning into caTbonites and oxides, showing a strong teaching, the combinations showing clearly that sul- phides will be encountered at the water level, estimated at about 400 feet, and that the bodies will be large and high grade. The shaft had at tained depth of 120 feet on SepteInt Der l, and is going down as fast as a full complement of men, working two shifts per day, can sink it. On Sep tember l a compressor and two power drills were installed, which will admit of sinking twice as fast as by hand. When one stops to consider and com pare the work done and ore encoun- tered in this property, with what has been accomplished by other compa- nies in this district, it is obvious why experienced mining men have become financially interested in this company and why both allotments of stock were largely oversubscribed.
 The personnel of the company and the directorate is composed of men of unquestionable integrity and ability, insuring safe, sane and economical