The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-04-16

being treated. The company maintains regular ship
ments the Old Dominion plant of so to 100 tons
daily.
our Globe correspondent wires the following:
Gardner shaft Superior and Boston has struck cop
per glance at a depth of fifty feet. New winze has
Just been started $50 east of Gardner winze on
fourth level Sinking of McGaw shaft has progressed
to seventy7hve feet below sixth level"
The winze will probably be sunk for the pur-
pose of determining the extent of the deposit which
being opened up in the wnze which is develop
ing with favorable results. Offerings Superior
comparatively light and with any i'm
provement in the general market look see the
stock sell much higher.
SUPERIOR AND GLOBE
Globe correspondent sent the following in
formation on late developments at Superior ana
Globe:
Gross cutting north $50 level Superior and
Globe discontinued distance of feet from
shaft. Drifts and west from measure
175 feet each way and still in minerazed vein
matter with copper ore"
We are given to understand that Superior and Globe
contempates contracting for considerable diamond drill
be done the bottom of it's shaft Further
details of this work will be arranged later
developments will be watched with much interest
In addition, the company proposes to sink winze
before the close of the present month at point
the vein which is being opened up the 65O-foot
level
1t appears that Superior and Globe has really
not been sunk to the water level. Sinking dis
continued when a little water appeared in the shaft
and 1t thought the time that the level
had been reached. Subsequent developments indicat
ed that this theory incorrect and that further
depth will be necessary reach the desired point
Inasmuch the vein matter being opened up by
Superior and Globe is almost identical with the ore
from the Gardner shaft of Superior and Boston just
before the winze encountered the deposit there
is every believe that Superior Globe will
meet with like favorable developments when additional
depth is attained either in the winze the exploratory
work in diamond drilling. The stock appears to be
of the most attractive of the low priced pros
poets in the Globe camp.
MICHIGAN
Recent developments at the Michigan property have
been very encouraging months ago at the Bee
property the vein opened up with Indifferent
suits but when further depth attained some very
gratifying rock opened up At the Bee property
the vein disclosed in an old adit Recently
shaft sunk in the vein with the results indi-
Gated above.
Michigan is also doing some diamond drilling work
at the southern end of its property and while no
official results are announced yet are given to
understand that operations at this point being at
tended with satisfactory results
COPPER RANGE
At the Baltic plant of the Copper Range milling is
now being done Several weeks ago fire at this plant
caused considerable damage. hence the shipping of
Baltic rock to the Champion and Trimountain mills.
Repairs have now been completed make it pos
sible for Baltic to ship to its own mill
The lower levels the Trlmountain propertv CON
tnue to show improvement in mineralization
IL has been reported that Copper Range conemplates
plan of curtament in keeping with the other large
producers in the Lake district This report lacks con-
hrmatton' In the event that the local mines do agree
to restrict their output, Copper Range will undoubted-
ly do likewise. The curtalmen will probably not be
greater than 10 or Is per cent
ELM RIVER
me annual meeting of the Elm River stock holders
will be held April GOTH AT this mcetino tho o,os,io,
OF reorganization under laws of Michigan will he
cohsioered There Is no doubt but that the plan will
e auopted' when organized under Michigan laws
~ river directors Will be able to look to shareholders
' iunus win which to carry on operations
Inc company has an option adjoining tract
Oh and' and will probably exercise this option when
o"e exploratory work is done upon it, This tract lies
northeast Of the Twin Lakes property
ARIZONA COMMERCIAL
Arizona Commercial has solved it's financial problem
ny 'e issuance OF one million dollars worth Of bonds
at 3d. convertible into stock $4,000 per share The
issue VIII be offered to present shareholders and al
ready stockholders have signihed their intention of
taxing these bonds nsuring subscription The
uutohai financing was found necessary In order to
p'oe 'ne company with working capital and
take care of the floating debt which annroxmates
100000
!" Is understood that Arizona Commercial will blow
out Its smeler. pending the DEVELOPMENTS at tho 700
soo 300 and 1000 levels. Results TO date with over
900 feet of lateral work nj thO znn -, =.