Douglas daily dispatch., 1927-01-28
BOSTON PAPER
LAUDS {. AND A.
ORE AT BISBEE

The Boston News Bureau a daily
financial newspaper. in it's issue of
January %, gives prominent mention
to the Campbell ore body of the
Calumet and Arizona Mining com
pany at Bisbee. he article states
that the Campbell ore body has pos
sibilities of adding millions in profit
and will be virtually a new mine at
the new depth at which it is being
worked. The article is as follows:
Although the sensationalism that
featured the ore discoveries of Ca1u-
met and Arizona some months ago
has passed. continued development
work in the Campbell ore body, the
new strike, shows steady improve
ment in naturalization and tonnage.
Various rumors have appeared as toi
the size of the new ore body; esti-
mates as high as 150,000,000 tons,
high in copper content, have ap-
peared. An official states that these
reports are too optimistic, satisfying
though development work has been.
"As matter of fact, in actual tom
mage, the company's engineers this
year measure up less than 1000, 900
tons of ore in the ore body and
while some of the ore runs 25 to
80 per cent copper, mucn of it runs
from 3 to per cent and the aver
age minable ore will approximate Z
per cent. This in itself, however, is
a high grade product and means
nearly 14O, 1000 pounds Of copper.
"These discoveries have interested
the whole district The Phelps
Dodge corporation has decided to
sink a shaft 1000 feet deep, approxi-
mately 1000 feet to the east of the
Campbell shaft and in virgin ground.
''The present tonnage actually
blocked out by Calumet and Arizona
makes comparatively little difference.
It's possibilities from it's new dis
covery are enormous, says an off
cial. The cross-cut on the 2,20O-foot
level from the Junction shaft is
about 700 feet from the Campbell
shaft. If ore is found at that level
it will add very materially to pros
pects If the price of copper should
become stabilized at a reasonable
selling price, the area of which the
present. ORG. DOQy Is Ouly IHC lOIS-
runner will mean millions of dollars
to stockholders over period of Is
to 20 years, in the opinion of this
official
Tho history of the Warren dis
trict of Arizona has been that there
never was any great tonnage of ore
in sight blocked out by the oper
ators. It is costly to maintain open
ings, hence no attempt has been
made to block out reserves more
than two or three years ahead. The
history also has always been that
the numerous ore bodies have fur
nished much greater tonnage than
any mining engineer could estimate
and that from many of them large
tonnages of ore have been mined for
years after engineers had decided
they were practically exhausted or
would be in the course of few
weeks.
"The 1900 junction level of Calu-
met and Arizona is to be continued
to the vertical extension of the
Campbell shaft and the latter shaft
level will connect whether any ore
is developed or not That work is
now in progress New equipment
will be purchased for the Cole shaft
in the near future and that area
will again be put in production, not
for the purpose of increasing tom
mage but to extract known ore from
this area and develop more if pos
sible.
"In general, there is a new Ca1u-
met and Arizona in the making at
depth. Conservative as the manage
ment is, it is 10th to give estimates
Of what the new Campbell ore body
is likely to mean, but from the
standpoint of what has been dis
closed to date, Calumet and Arizona
with it's 643,O0O shares seems des-
tined to show sustained earning
power with rising profits should
the copper market sell at level
comparable with it's contemporary
commodities.
"Anent this, an official says: ]
might say regarding our properties
that the only fly in the ointment is
the price of copper and the crime of
the metal situation is that with the
greatest consumption in history with
a production that balances as nearly
as it would be possible without
panic, the producer of copper is not
permitted to get a reasonable profit
upon his copper, which is absolutely
necessary to keep the worlds indus
tries moving