The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-03-26
CURRENT GOSSIP OF THE CoPPERs


General Manager Jacobson calls attention I'm his -
port to the necessity of building drain tunnel which
will be about 1900 feet long and will cost il Is es,i
mated about $4,000. shareholders are plven
assurance something definite in the way of fin
anclng of the property hardly advise the paw.
OF the call due next month
The following is extract from Manager Jacobsons
statement to shareholders:
During the year 1909 we shipped 1l,921.6 tons of
FIRST class ore which had. according to smelter re-
turns. average moisture of 147 per cent OF this
amount there have been settled for by the smelers
10.16O2 tons dry weight for which have received
the sum s15S56967 giving average value per ton
of 1880.
We have also marketed 59O.3 tons dry weight Of con-
centrates for which have received the sum OF
sl252L2O giving an value of $21.21 per ton
There has been during the year a total Of 2527
tunnels shafts drifts and crosscuts, which work
been distributed In various parts the mine prn.
cipaly on the level although we have done con-
siderable work level lowest level in
the mine
In drifting west this level encountered an ore
body which we thought to be very important develop
ment, but up to this time have been able To-
tell what 1t will amount to, have been able
to the in place of sufficient quantity to JUS
tfy any predictions to the future of this body
Considerable work has been done east of our No.
with the hopes of catching the faulted body
from which dividends paid few years past, and
we are now getting very interesting coun-
try from which should get results before another
sixty days have passed If So it win certainly
great deal for the Columbus Consolidated Mining
pany and its future.
We have also been running a number of drifts AMI
the tunnel level at the west end of the
property and at the present prosecuting
tho n lime VIII should
body at the intersection of the assure with the
contact and the showngs the surface would in
dictate something big below. This development should
also be accomplished within the next ninety days.
During the year the crude ore was all mined in the
portion of the property between the 4OOfoot
level and 100 above the tunnel level Between these
points the has practically all been stopped out,
but it continues up and should go to the surface,
If so, would give additional 500 to 700 feet eff
stopping ground. The also continues down belo@
the 4OO will not be able to develop this pOr
ton of the property account of the heavy flow of
water we will have to discontinue sinking until the
drain tunnel is run, some other source of handling
the water is provided for.
In regard this drain tunnel, which the company
few years ago. the writer still believes it
an absolute necessity It, and has urged it for
three foSf years past does not believe things
perfected and the property put paying basis
until this tunnel is completed.
VIII also for the information of the stock.
holders that the law suit filed some time ago against
the Company is out Of all reason the company Is
working its property and is not within one-haf
mile the point referred in the filing of this suit.
The company all ground intervening between our
workings and the property referred to in the Law
suit the ground is all patented and the company has
title to the And would behalf of the
management that there is absolutely ground for the
suit whatsoever and also that the has all sur
veys kept up regularly that they know at all times
just where they working and what they are doing
wlNoNA-
The annual report issued by the Winona Copper Co.
contains very gratifying information for share
holders Among other things, il discloses surplus at
the beginning of the year amounting to s136554OO.
In calling attention to the developments of the year.
Pres. Charles Paine has the following TO say:
During the year 1909 the development work on your
property been confined No. shaft where eight
drills have been kept at This shaft is suns
Continued Page 3.