The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-04-27
MlNNEAR G. co.'s GOSSIP.

The recent strength in Calumet and
Arizona is attributed to the very lat
tering developments which have oc
cured during the past week or ten
days. Reports from Bisbee Indicate
that at the $50 foot level of the
Oliver shaft. which is the deepest
workings i'm this shaft, n large body az
ore was encountered last week which
assays ) per cent. copper. This is be-
leycd TO be the same ore body when
was first opened at the 1,250-foot level
and was again located at the 1850
.oot level. This development Is re-
gardcG rs tie most important reported
from the Calumet and Arizona for
racuths. At the Irish Mag shaft OPP
crations were resumed at the 1850
foot level recently, after having been
discontinued for about two years. An
ore body was disclosed at this level
recently assaying 3 per cent. The ore
was encountered i'm the lateral work
toward the northwestern portion of
the Calumet and Arizona property and
toward the Copper Queen tract. 1t is
believed that this ore body will develop
not only richer but will prove of con-
siderable size
Developments at the Superior and
Pittsburg during the past few weeks
have been extremely important and
Indicate the fact that the company
has passed the turning point and that
It's future is bright indeed. The latest
important development announced in
dcates that the faith pinned to the
Briggs shat was not misplaced. Re-
Gently i'm this shaft an ore body assay
ing > per cent. was encountered. The
shaft is still bottomed in this ore
body. II will be recalled that owing
TO the heavy flow of water at the
Briggs shaft. operations were dlscon-
tinued. About the first of this year
work was resumed, sinking starting
from the 1,20O-foo level.t The shaft is
now about 1926 feet deep, A station
will be cut at the 1900 foot level when
drifting will be begun i'm the ore body
which was encountered in the shaft
sinking. Not only have developments
at the Briggs shaft been of more than
passing interest. but recent disclos-
ures at the Junction have likewise
been of great Importance. At the
Junction shaft n body of ore ~ feet
wide and assaying . per cent. copper
has been cut. This is believed to
be the same ore body st opened at
the 1,300-foot level and s0ccessively at
the 1,i00-foot level. The crosscut at
the 1,500-fot level has passed through
the ore body and drifting is now un-
der way. The above developments un-
doubtedly accounts for the strength in
S. and T. i'm the face of the weakness
Of the general market.
We are i'm receipt of the following
message from our social correspon-
dent at Globe, on the National Mining
and Exploration CO., which is certain
ly very encouraging. The property Is
centralized for 100000 shares at one
dollar par. 100000 issued. The late
strike is i'm the Iron Cap group, which
adioins the ARIZONA Commercial and
Old Dominion properties.
Assay of ore struck in crosscut
from Williams shaft. National Mining
and Exploration, shows thirty-two per
cent copper Vein in the present face
Is rs inches wide"
Tho No. . South Lake drill on
Npril II had reached depth of 1850
IeeI an increase of &c feet since
April 18th. The Lake lode has not
yet been encountered so 1t is prob
aple that the dip of the lode is great
CT than was at first estimated.
IN the diamond drill being operat-
'u from the bottom of the Medora
smart Of the Keweenaw an amygdaloid
'o'h 20 feet VIDE has been cut. The
vore was taken about 900 feet from
'he SHAFT and Is feet shows some very
'ch copper rock. The core Is believ-
eu TO nave been taken from the Kear-
urge vein. General Manager Thos.
,''d.Son visited the property yester-
Wv 10 Inspect the core.
mere is an absolute dearth of
Tvs Concerning the metals some
authoritative people are very honeful
me future while others of equal
wight are the reverse.