Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1862-03-14

I
| M7ETING OF TIE STOCKHOLDERS OF THE Carr
LAKE MNISa CoNPANY.--Ths stockholders
Of the Carp Lake Mining Company met at
the Office of the Company, in this city, on
Tuesday last, snd after 4 most satisfactory
hearing of the condition and prospects Of the
enterprise, elected the following gentlemen
Board of Directors for the ensuing year :
DR.. T. Garliok, Messru. John Jones, L. Aus
tin, William willard, Jr., and A. 8. Sanford.
The Board met subsequently,, and organized
BY re-electiDg Mr.. A. 8. Sanford President
snd Mr.. L. ". Lefingwen, Secretary and
Treasurer.
We are assured by the Board that imms-
diate measures will be taken for the erection
Of Stamping Mill. No beltor idea can be
given of the Importance Of the Carp Lake
Mine, than is furnished in the following com
municatiOns, the frst from the Agent Of the
Company, the other from gentleman resi-
ding in Michigan, which we have been kind
y permitted to plblish:
CARP LAKE MrEE, Jan. II, 1852.
MR. CRozER-Dear sir:-Atyour request,
transmit you brief history Of our mining
operations the pest sixteen months.
Our adit, as you are aware, was driven
through quioksand 2S5 feet, and was neces-
sarily very difficult task, as it is much
larger than usual, being So feet wide by7%
IN height We cut the vein, at that point,
last March, which has carried an average
width, above the seam of clay that separates
il from the underlying belt or foot-walI of
altered sandstone, of about four feet-the
clay seam is foot in width, and We carry
from two 10 three feet of the sandstone belt
in driving the adit, which is now in 3s6 feet
from its junction with the clay portion, eiy-
ing the total length Of adit Of 57I feet, al an
average cost per foot of about $3.50. The
per centage Of copper in the vein over the
seam Is not near 80 great as in the belt under
lying 1t, the latter being probably the only
purely stamp lode in the country, and doubt
less the richest one, as facts which you have
previously published fully prove.
The singular belt of mineral is the onlv
one OF the kind ever found in this country,
and extends many miles through this vicin-
ityi and is several hundred feet in width
About so feet of this belt, It has been asoer-
tsined5 carries copper, whether in paving
Quantities l will not say, but as it Is yerY
easily stamped and washed, very low per |
centage would yield profit. We have four |
shafts sunk on it at the surface or outcrop.
and each point showed well IN mineral; in
deed, We estimate that for some fsthoms in |
depth from the hanging wall it yields from /
5UO 70 400 lbs. of mineral per cubic fathom.
But ct present do not hesitate 10 say II ia /
yielding three times that much. To dav We /
struck very rich deposit of copper in the
sdit, much richer than anything heretofore
iound, chiefly composed Of red oxide, and
almost pure, and extending some |
six feet in depth.
Last winter We sunk shaft in the rock
and on the course of the lode, "a feet deep.
at 81, 90 per foot, which yielded well in min
eral, and we left very good lode in Il when
the sinking was suspended last spripO nv
reason of the water which came in duPine
March almost as fast as it could be windlass.
cd out. This shaft is designed to connect
with the adit, though it is probably some
lSOO feet east of the present extremity of the
level. This connection will be essential to
our future mining work, and will afford 4
vast body OF stoping ground over the adit-
bsck Of say $50 feet in height on the in
cline OF the vein, and 1900 feet in length.
We also sunk q sand shaft last spring. for
ventilation, which is about 70 feet deem, and
we'll timbered, at $I,75 per foot.
The altitude of the mine above the level
Of Lake Superior is about 1880 feet, and ali
who have visited it since came here, pro-
lounce Il one Of the most beautiful Is we'll
Is valuable locations on the Lake,
Yours truly,