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

mis- Shannon Is one of the big bar
Gains of the copper list. II is max
ING 1900, 900 pounds of copper "A
month and earning about dollar "a
year net. II can produce at least a
million month more and It's new
railroad will save at least a dollar 4
month more.
isle Royalc Is selling down To rec
ord low figures since the panic. II is
believed that the property carries the
cunerior lode and that the Baltic
viii be minerallzed i'm its territory.
superior and Boston continues i'm
GOOD ores at depth of about 500 feet
where the seventh level will be cs-
tablished.
The decline i'm Arizona Commercial
from the highest price of the year,
which was $5O% ON Jan. Bird. has car
ried II down To as low as $1Sh. The
large decline has naturally led TO all
Kinds of rumors and i'm some quar-
ters il has been said that the mine
provcd a disappointment
Oneco's No. drill hole Is bottom
Oh in amygdaloid rock at depth of
900 feet and the No. hole is bot
toned i'm trap rock at a depth of 1858
feet. II is expected that the one 20
lode will be encountered i'm each of
these holes at a depth of between 1,400
and 1900 feet.
Some Of the CRANKY stock holders
are beginning to ask why it took the
management so long to find that the
ore resources of the mine were not
as represented. They do not believe
that the conditions are as bad as rep
resented.
The North Lake management is
well satisfied with the conditions in
the drill hole that cut the No. . Al
venture lode. They have now deter
mined the position of both lodes.
our Globe correspondent wires us
the following very interesting Informal
ton on Arizona Commercial which will
account. i'm measure, for the recent
sharp decline i'm the stock:
"Arizona- Commercial smelter has
treated great deal of ore running
per cent copper or less. Some difficult
ty Inexperienced i'm getting enough ore
TO supply smelter. Seventh level drift
eastward from Eureka shaft since OPP
cning some ore of commercial grade
near Eureka has passed over 300 feet
through little material of commercial
value Cessation of operations on any
l., ,t chntt11 90
casion no great surprise should 1t oc-
cur in the near future"
Conditions at Superior q Boston
mine were probably never as favorable
in the history of the property as they
are now. The Gardner Wine put dowI
from the Attn level on the southern par
of the property is 35 feet deep and ha'
been in per cent copper ore all tn
way. Drifting eastward on the Gard
ner shaft 9TH level has advanced abou
IS feet from the east part in ore o
equally good grade. The west drift OF
the Gardner lode is also i'm good or
hut of lower grade. Engineers con
nectcd with the Old Dominion com
pany have recently examined the Gard
ner workings and were so favorabl
impressed that on their recommends
ton, equipment has been ordered prep
aratory To sinking the Buckeye shat
located on the old Dominion prbpert
about a mile west of the Gardner fror
present depth of slightly over 300 fec
10 water level. The Buckeye shaft
on the extension of the Gardner lode
Yesterday the crosscut being drive
toward old Dominion fault on the Ct
level of the Great Eastern working
was entirely i'm what is apparently tn
footwall of the lode. During the pas
several days the c.osscut has bee
driven through highly mineralizc
Ct, und so that developments I'm Tn
near future may prove important
that place. About so tons of ore av
eraging between per cent and 10 pc
cent copper are shipped to the oil
Dominion smeltcr daily. This rate {
producing could be greatly increase
We're II desired. Pres. VIM. G.. Rice
now in Globe. is greatly pleased wit