The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-10-23

the mines are able to make more cop
per at cheaper figures than ever be-
fore considered possible. The Butte
Coalition is now in shape to double
production at any time and the costs
are now under ten cents. with assur-
ance that increased production would
mean still further reduction in costs.
The situation with regard TO the
Greene Cananea property is very sim
ilar.
Indiana
1t has peen pointed out i'm these let
tiers several times that Indiana offered
the best opportunity of any of the new
companies which are now exploring
for the Lake lode, on the basis of the
success of the Lake company in open
ing such good copper showing. This
is now demonstrated the more clearer
by the results of the drilling during
the week on Wednesday the drill
went through some sandstone seams
which showed small particles of cop
per. on Thursday the drill cut into a
heavily charged amygdaloid formation.
At this writing the drill has been in
this formation for five feet and the
drill cores show as fine a specimen of
rich stamp copper as could be desired
by the most enthusiastic friends of the
property. This drilling at the Indiana
may be now disclosing the same lode
nc no \ oh fe, fin0 (Nnmnatpnt
authorities refuse to venture an opin-
ion. The trend of the Lake lode Is so
eccentric that it does not seem like
ly that the Lake lode would be found
at this depth, 575 feet, but there are
characteristics shown in the core which
are very similar to the Lake. The
drill at the South Lake property, rath-
err close to the border line Of the Lake,
has also shown copper evidences. In
diana results so far justify the expect
alton of further values.
Laurium-
The shaft on the property of the
Laurium company near the border line
of the old Osceola continues in good
looking ground and the work will be
pushed with greater rapidity from now
on. 1t is understood that the Laurium
company has a compact with the man
agement. an, understanding made many
years ago, that the Laurium company
should have the right to mine any lode
found within the border lines of the
Laurium, over through the Osceola
property. This compact was made when
the Kearsarge lode was not considered
worthy of serious investigation and
when the Osceola values were coming
from the old Osceola lode and that
formation alone. The compact will be
of exceptional value to the Laurium
shareholders in case the Kearsarge
lode continues to show as rich copper
with depth as has been developed at
the present time.
Isle Royale-
Every week there is another story
circulated for the evident purposes of
assisting to make a market for Isle
Royale at present figures. The report
that some of the Superior's No. 4 shaft
drifts had been extended across the
border line to the Isle Royale and We're
i'm high grade Baltic lode copper is
without foundation i'm truth for none
of the Superior drifts are as yet far
enough extended to reach the bound
ary Calumet q Hecla officials who
arc posted on the situation at the Isle
Royale are frankly not at all enthus-
iastic regarding the future of that
property. In fact there is well ground
ed fear that If the metal situation
should show any. decided depreciation
the management would be under the
necessity of considering a further re-
trenchment policy in the management
of the Isle Royale mine. The changes
made recently, in limiting the rock
shipments to the high grade rock only
is working out nicely and will keep
the Isle Royale from the embarrassing
situation of losing money. but ii will
not, by any means result i'm making
Isle Royale's income very substantial
unless there is very noticeable change
for the better i'm the copper contents
Of the workable ground. The new OFF,
GERS believe that the salvation of the
Isle Royale property lies in the Baltic
lode and renewed vigorous efforts are
being made to locate that formation
where values can be mined satisfactor
ly.