The Calumet news., 1910-09-07
STATEMENT BY
THE CIROUX co.
DIRECTORS MEET AND PREPARE
INFORMATION ABOUT PROP
ERTY-EVERYTHiNG is
SATISFACTORY

At the directors meeting of the
Giroux Consolidated Mines company
held at Duluth, the treasurer was IN
structed TO make the following state
mont:
when the Giroux properties were
taken over by the present manage
ment in 1909, comprehensive plan
of operations was determined upon
with the idea of thoroughly and sys-
tematically developing the properties
with all possible speed. There has
been no change in this plan which,
has been vigorously prosecuted ever
since. A great deal of churn drill
ing has been done with the idea of
showing up ore bodies heretofore un-
known. The outcome of this drilling
t. date has been very successful and
the reserves Of concentrating ores
have been largely increased The di-
rcctors decided that the most inn
portant work was To reach the rich
sulphide ores I'm the Alpha territory
and TO concentrate the energies of
the company mainly To getting ready
for mining operations at that point
first The old shaft in the Alpha lode,
bottomed in ore. was found unsafe
and wholly inadequate. and il was
necessary to sink a new shaft in the
limestone formation. about 500 feet
distant. The new Giroux shaft, fun
description Of which is given in the
~ hn
now completed To the 1,200foot level
and sinking is progressing 70 the l.
40O-foot level. The directors found
that To get ready for mining opera
tions on a large scale and TO deter
mine the character Of the smelling
ores at the earliest date possible, II
was necessary 10 have this shaft and
attack the rich Alpha ground first.
"The steel structural material for
the shaft house and boiler and en-
gine houes is now being put in place.
The hoisting engines, pumps and all
necessary equipment are on the
ground, being Installed. AS soon as
this work is finished, drifting will be
commenced on the 1.2OO-foot level of
the Giroux shaft TO reach the rich
ores i'm the Alpha ground, and, as
soon as the shaft is completed TO the
1. .4O0-foot level. drifting will be
started on that level 10 reach tho
same ground. The rapidity with
which this new shaft work has been
done has set new pace in the min
ing world, and the shaft when COM
pleted. will be one OF the largest and
best. IL not the largest and best, i'm
the country. The work has so far
progressed that the directors expect
the drift from the 1.2O0-foot level
will reach the high grade Alpha ores
by the middle of December or by the
first of the new year.
'In addition 10 all said churn drill
Ing and shaft work the energy OF the
MANAGEMENT has been directed 90 as
certaining the exact character OF the |
direct smelling ores in the properties |
SO as 10 determine the best type of |
smelter to be constructed. The di- !
rectors have decided that thescom-
pany's smelter will be erected at or |
near the mines at Kimberly
"The company has ample funds in |
its treasury to enable the manage
ment to put the mines in the condi-
tion originally planned. ready for op-
erations on a large scale and the af-
fairs of the company in general are
highly satisfactory TO the directors.
No treasury or other stock has been
or will be, disposed of by. or TO as
sist, the company in carrying on its
operations Everything has been, and
will be- done TO open and equip the
mines for economical administration
and for mining on a large scale as
soon as possible, consistent with /
sound business management and the
best approved mining methods.
"The directors haye great faith in
the future of the Giroux, and intend
to push vigorously the development
of tho properties along the lines as
determined"