The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1909-11-27

opment of the Lake lode. 1t is not
many months since this property, the
old Aztec was reorganized, after quite
a little effort on the part of the Off
Gals to make the shareholders realize
something of the possibilities of the
holdings, into the South Lake and the
collection OF a substantial sum of mon |
ey with which to prosecute exploratory
operations. The diamond drill work
so far conducted has not produced any
sensational results, although two lodes
have been cut, one supposed ito be the
Evergreen and second as yet uniden-
titled. There has been some strong
bidding for South Lake during the
week based on the expectation that
this property will eventually open the
Lake lode in good values. There Is
every reason to believe that such will
be the case.
We have called attention, several
times, i'm this same connection, to the
possibilities of North Lake and Indiana
and the speculative opportunities In
these issues are not fully appreciated
even by those who acknowledge the
value of the great development work
at the Lake. There has been some
trading in these two issues and we be-
lieve that either one is likely to prove
worthy of serious consideration for
the future. OF the two, Indiana offers
greater chances for immediate action
as the diamond drill work on that prop
| ha ,.aanhn1 a nnint where
results are likely to be of sensational
nature in less time than supposed pos
sible.
Quincy
The seismic disturbances which have
caused so much uneasiness relative to
| the future of the quincy have discon-
tinued and for the past ten days there
has been no recurrence of the former
difficulties with regard to these danger
| GUS underground conditions. Hosting
operations from both shafts, Nos. and
I have been resumed, although there Is
/ still some work necessary underground
| to remove the last evidences of the air.
blasts. The net damage done to the
i Quincy as a result of these troubles Is
comparatively slight and of no such
serious consequences as might have
been inferred from the published re-
lports sent broadcast a few weeks ago
The product of the Quincy mine for the
month of November will be close up to
the regular output if indeed. there is
any decrease at all and within another
week the operations at the Quincy viii
continue at the stable pace usually
maintained at the "Old Reliable"
Hancock Consolidated
The persistent and altogether intel
ligcnt efforts of the Hancock officials
, to go ahead in the plain, old fashioned
way of making mine out of this prop
erty are bearing fruit. For two years
this work has gone ahead without any
bombast and with little publicity bu
the public which invests in promising
copper shares seems now to be awak.
: ching TO a realization Of the results
which are coming into evidence. Thu
; Hancock is rapidly approaching tho
; point where it will become profitable
producer of copper. When this com
pany was first organized il was tho
general expectation that the one sure
thing would be i'm the opening of tn,
Ouncy's Pewabic lode. The values II
that lode are unquestioncd and tho
. certainty that they continue into thu
territory of the Hancock CONSOLIDATED
was an important factor in making
the flotation successful. 1t will not b'
lmany months before this lode is open
ed and ready for milling purposes OF
an extensive plan. In the meantime
/, the Hancock has practically proven
extensive values i'm other formation
found i'm the old Hancock shaft ant
!, There are already developed thousand
of tons of good copper rock from
formation which was always consid
eded of questionable value. There ha
been persistent buying of the Hancocl
. stock during the past week, and tn
: purchasing has come from those VIII
are usually well posted on the condi
tons at the property.
La Sale
: In the Tecumseh tract of the Ii
: Sale property the results are showing
r a steadily improving condition. TIL
, Tecumseh shaft is now at a depth q
: over 1,S0O feet and has lateral open
ings which are extensive. They are al
, lin n good average of copper ground
In the past two months the lowest lev
els are showing a much better grad
of rock than was ever exposed above
: Some of the Tecumseb levels are II
500 feet on the south and the averag
of the lateral openings is better thai
, 400 feet. Altogether II Is cstimate
that the Tecumseh has an aggregat
amount of rock i'm sight and ready 70
= milling that could make very fai
! showing for the La Sale at any tim
| the management sees fit to draw o.
, this reserve. The mill test of thi
a rock has not yet been made but plan
o are now being arranged to have quit
q long mill run of this formation I
: definitely decide it's physical worth. Il
a this connection IL must not be assume
that the Calumet & Hecla has gon
8 right ahead opening up this Tecumse
, mime and getting vast reserves of roc
ready for milling without first knowing
something of the character of the rock
For yvhan the comnanv first took owe