The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-05-14
CURRENT GOSSIP OF THE COPPERS
j. A. Minnear & Co.

In No. 3 hole the New Baltic was just cut at a
depth Of 1.2fO feet Up reports a from this
vein showed feet of copper rock with additional
depth necessary before determining the worth OF the
vein.
The management proposes to continue diamond drill
Ing for time yet before undertaking any perma-
nent mining work.
Announcement Of favorable developments at the
property considerable activity in the stock and
as the floating supply is quite limited advance was
easily brought about
TWIN LAKES
Inc overburden at the Twin Lakes property has
penetrated to 45O feet without encountering the ledge
matter. The management will probably decide early
next week either to pull up and locate else
where, change the drill sending 1t down
vertically Interesting developments should follow the
strike the ledge
NEW ARcApIAN-
The annual report of the New Arcadan Copper Co..
the first issued by tie board of directors is to
hand The report shows that the company has a work.
ing capital of over $4,000
OF the total of 100000 shares in the old COM
panY $4,000 shares have been deposited and exchanged
for like number of shares in the new company
New Arcadan holes in its treasury 10000 shares OF
stock in the New Baltic Copper Co. so that develop
ments in the latter property will not mean much for
view Arcdulan from a financial standpoint to
the fact that the two properties adjoin will have
considerable bearing the physical value OF New
Arcadian holdings
Diamond drill work is the only thing being done nj
New Arcadan property the present time Results TO
date have been somewhat encouraging although no.
OF positive nature Five holes been bored while
a sixth win shortly be started
The report issued is quite complete and It value Is
enhanced by suppementing it with map showing
New Arcadian's extensive property holdings
ISLE RoYALE-
The recent strength in Isle Royae is generally at
tributed to the favorable developments in diamond
drilling at Houghton copper core taken in dia-
mond drilling from the Houghton property which we
mentioned in letter week. indicates that the
superior lode will surely be found by Isle Royae and
as such is the case means the opening ultimately of
big mine on this vein by Isle Royale Operations on
the Isle Royale vein have been attended so far with
ohy a iair degree Of success AS long copper
around thirteen cents Isle Royae make any
money operating it docs. richer vein is essen,a,
to it financial yet Isle Royae has no
positive results obtained its efforts TO open IN
the Baltic lode
CACTUS
Cactus has been well bought during the mast wee.
With the consequent fractional advance in the price OF
veopment work at the property being pushed I'm a
vigorous manner, although there have peen no impor
taht developments during the past few weeks
INDIANA
NO results have been obtained to date from diamond
drilling at No hole of Indiana. The management has
oeen hoping to get through the extremely hard portion
oil rock through which the drill boring but as vet has
not passed through it. 1t expected several weeks
ago that the now famous be cut but for the
reasons above indicated there has been a delav ANY
day may bring out the of reaching the lode If H.
shows as well mineralzed the vein was in No ? bo,o
1t VIII mean big mine for indiana and former high
prices for the stock will undoubtedly be passed The
company is operating five diamond drill outfits There
nave been no important developments at either 20
hemia North Lake or South Lake during the past week
SUPER G. BOSTON,
Our Globe correspondent yesterday wired US the fol-
lowing Information on Superior Boston:
'McGaw shaft has been sunk lis feet below the 9Th
level and station sets have put in i12 feet below
this level and sinking is being continued Ninety tons
of per cent is being shipped to the smeter daily
West Wine sunk from the 4th level of the Gardner