Show WENDON COPPER MINING COMPANY TELLS stockholders WHAT IS DOING in a recent letter to stockholders of the wendon copper mining company with headquarters at phoenix and mines at cunningham pass yuma county arizona president ned creighton details conditions and explains what has been accomplished to date also he submits a financial statement that shows the financial condition of the company to be in in good shape and incidentally lets it be known that the company has been approached ib iby y large producing Z interests which would like to aid in development of the mine from president creightonn Creigh tons letter the following ex cerpes are made at this date work is again in full swing two shifts being operated and results attained at the property are entirely satisfactory to your management during the past three mon months due to clima climatic itic c conditions s it hasteen has been impossible i to accomplish the maximum amount of development considered in the summer months labor is migratory and the greater part of that period only one shift was operated 1 since el my last letter to stockholders considerable additional 1 development work has been done on the 1000 foot level in the barkdoll shaft the foot north and south crosscut has been completed and feet of drifts have been run east and west the exploration work on our lower level has not been entirely satisfactory agthe as the ore leads discovered at points nearer the surface both in the ormsby shaft arid and barkdoll shaft were not encountered to enable us to better determine the area at the 1000 foot le level elit it has been determined to temporarily discontinue operations at this point and concentrate our efforts on exploring the mineralized zone passed through in sinking the barkdoll shaft between the and foot levels during the past quarter your management has been approached by two different copper producing companies with a proposal to acquire a substantial interest in our property and take over further development of the same one such proposal was rejected by reason of the terms proposed final disposition has not been made imade of the second proposal it being deemed to the best interests of the company to explore the ore bearing bearin gar area reached through the upper levels of the barkdoll shaft prior to resuming t negotiations tiati ons and our attention will be directed to that end during the ensuing quarter |