The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-10-02

duction. Much underground opening
has been done that is not known about
publicly. There was need for a good
deal of Improvement i'm the under
ground conditions, that is true, for the
Heinze people always operated with
less regard to the permanency OF the
property than to the cutting Of the
high grade values wherever encoun-
tered. All of these delinquencies in
practical mining have been overcome
and the mines have been opened eX-
tensively with enormous ore showings
and elaborate system OF reserve Slopes
To add TO the value of this underground
work 1t is known that the values in
the Rarus, Minnie Healey and Tram
way have shown higher grade ore in
the later openings than even in the
most enthusiastic Heinze days. We
continue to believe that the Butte Co
alition property offers one of the best
copper share investments in the Butte
district.
la SalIe-
The stamp mill test of La Sale rock
at the Allouez Centennial mill has not
yet taken place and we understand that
il is to be postponed for a few weeks
and that the stamping of the Tecum-
sch stock pile and the rock from the
Kearsarge lode of the Tecumseh mine
will not be started until some time in
the future.
Calumet & Arizona
Several of the directors of the Calu-
met q Arizona property are at Bisbet
examining the mine. Before returning
they will visit several optioned proper
Calumet * Arizona, including the
CORTLAND district mines which will
soon become producers of copper. The
Irish Mag shaft of the mine is again
in commission after being Strengthened
and improved with new timbering al
quite an outlay The underground con-
ditions at the property are improving
and in the oliver shaft good looking
ore has been opened at the latest point
of attack. There is some speculation
regarding an increase in the dividend
ratio i'm November, but this has beer
anticipated so often without success
that we are inclined To the opinion that
no change will be made unless we see
a decided change in the metal situation
soon.
Atlantic
The stockholders of the Atlantic ar,
quite generally meeting the call for an
assessment of 81 with satisfactory re-
sponses. The Atlantics career in re-
gard to the financing is peculiar anC
interesting. 1t has paid back to the
shareholders just the amount called il
assessments and this call is the frs
i'm long period of years during which
the management did the wonderful
feat of keeping the mine from failure
on the lowest grade copper lode in the
Michigan district, an accomplishment
which was only possible by the most
economical management. The treas
ury now has an indebtedness, having
borrowed money with which To con-
tinue the Baltic lode exploratory work
which must be paid off and further
funds provided to carp on the opera
tions. There is reason To hope that
ultimately the Section 16 operations
will expose a lodge carrying values and
with more regular formation than il
has been possible to show to the pres
ent depth. which is 1900 feet.
Copper Range
The suspension of diamond drilling
operations by the Copper Range COM
pany on Section and 8, optioned from
the ST. Mary's company year ago,
does not mean that these operations
were unproductive of satisfactory re-
suits as has been intimated in some
quarters. The Copper Range has a
most liberal option on this property
and the arrangement is one which per-
mits the temporary suspension of the
work. A complete cross section was
made with the drills and all the lodes
showing from the Atlantic to the Baltic
Included are some unidentified forma-
lions which may be explored later on
by test pits or shafts, but for the win
ter season nothing further will be
done.
Franklin
The lower levels of the Franklin,
opened i'm the Pewabic lode continues
to show improved copper contents in
the rock and we are of the opinion that
the management can expect to open up
still higher grade values as they sink.
The experience of the Quincy i'm the
Mesnard shaft proved that no good
values were found above 500 feet but
below that depth the quality of rock
taken out compares more than favor
ably with the Quincy's average. In the
Mesnard shaft the company does not
opening valuable copper
chutes until a depth of 1000 feet is
reached. This Pontiac shaft is the
most northerly shaft on the Quincy
property and is within a mile of the
point of attack of the Franklin
on the same lode. While this Frank
lin Jr. tract was opened by four shafts
by the management back i'm 1894 when
the land was secured by the Franklin
and results were none too satisfactory
the recent developments at the Pontiac
shaft of the Quincy warrant the eX-
that this formation pitches