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

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drilling, but also to sink and equip a shaft. 1t is oui
| possible IA shaft will started this fall Two dan,on,
| drilling outfits in the property
| NORTH LAKE
There has been some selling of North Lake and tl
investment in Indiana for two reasons. One because
Indiana has already cut promising lode the sec
ond because North Lake has had such great difficulty
with the heavy overburden The diamond drilling out
fits the North Lake have impeded In their wor
because this fact. The exploratory work at Mort,
Lake has costly with only Indifferent results to dali
While there is doubt but that the company will Ia
cate the extension it's property Lake lode %
far this has not been done. 1t has hoped to get n,
work to such point at North Lake that shaft could
be sunk this year but this looks very doubtful now,
ARIZONA MICHIGAN
The following information has received at IN,
home the Arizona & Michigan:
Superintendent N. A. Nelson of the Arizona Michi,a
Mining company with force twenty men, is steadily
continuing development work from the Tefair sinai,
Two crosscuts being extended. The north Of
the shaft is 1877 crosscut is still run
ming through diorte' but In the past few days there
has been decided change better in the show
lngs. sringers been encounter
of these traces of gold and a COZ,
siderable amount Of silver These strngers howeve,
plainly related any direct way with the ledge
from the showngs up date the ledge should be en-.
at from the end of the north
The south OF the Telfair shaft is now 21O
feet long and is in dorite somewhat than thai
found the north side.
General Manager S. w. Clawson of the Arizona Mich
igan Mining company in Globe during the past
week and spent several days looking conditions az
the mine. He left Globe for the Pacific Thursday
morning
SUPERIOR & GLOBE
Stockholders Superior & Globe will have mailed t,
them today copies of the annual report This re-
port is very favorable has been responsible
for the increased interest stock Coupled with tho
fact that sup Smell advises change likely to occur
in the shaft at time looks attractive
from a speculative standpoint a least.
An analysis the report shows a cash balance OF
about $4,000 in Superior & Globes treasury Mining
expenses during the time of Incorporation, December
1908 to oct % amounted to about $4,000 At thl,
rate there is money enough the companys treasury
to continue development for another yea.
without calling on shareholders for further funds su-
peror Globe has outstanding 245OOO shares and it's
property fully paid for.
Concerning the companys affairs President Daniel
has the following to say:
The property of the Superior and Globe Conner COM
pany Is located about northeast of the town
of Globe ella county, Arizona
" oosiS's Oh ii claims with combined area of over
$50 acres of mneralized ground and is entirely Owned
ana paid for by your company The necessary locatpn
notices have been prepared, and the patent surveys
nave all been made In March OF this year shaft was
started on the Copper Trust claim No @ and at the
present writing has reached a depth Of 552 foot This
smart viii be continued down to permanent yater evo
~ Which point the different veins will be explored nv
oScu's and drifts, the shaft being so situated that
" e'st 'hree parallel lodes can be reached
anu opened up and their probable values determined
from one power plant.
"e smart Is a three-compartment one and is well
umbered throughout with 1Ox1O timbers and will make
" ' CLASS working shaft The equipment at the mine
''S Oh one 2b-horsepower gasoline hoist one a.
horsepower gasoline diven air compressor one aoro
saliows or head frame. blacksmith shop and outfit
one unper framing shed, small Office building ono
aroom dwelling also all necessary tools buckets ropes
anu three ~ lngersol- Rand air drills for ,ndorgrorl
INNS me smart is sinking vertically in the dabass
UT hanging wall of the SOL called Yuma got, h,, ,
opS as strongly minerazed fault or iro, 6ssro 4,
" iVV rect IN width, for 5000 feet in length ON IN,
' ana oiope property Copper values have been
~ ~ various points along the strike OF this outcrop
eO'"e work was done in this nssure by the old Do
PS ." the Yuma claim adjoining Not
"'' accomplished however to determine the DIP
~ '"e Ven or gather any data from which 10 udpe 90
~ so"era' value of the nssure as copper producer al
'en 'he company and various ieasors Skinned conner
ores to the smelter, while tunnclng aon rho s,rt -
depth of not over 30 feet
" Is as yet undetermined at what dcptb tho sunorlr
anu D'ooe shaft will encounter the Yuma vein bt the
smart VIII be pushed down until 1t reaches normanent
'er "Veb at which depth crosscut 10 the ve,p will
:" u''Ven The distance the lode in this crosscut
u NOT De great and the agement feels confident
'' '"ere Is zone of enrchment at water level and