The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-02
Gay & StursiS' Gossip

the Utah Cons. Mining Co, has issued
a statement regarding conditions OF
the property
II shows ore I'm sight OF only 500 O0o
tons averaging 2.9e per cent copper
lose ounces gold and 0.S5 ounces silver.
There are probably recoverable be-
tween 100000 and 250.O00 tons addi-
tional Mr. Broughton says:
In February last your directors
thought il advisable TO obtain an in
dependent opinion upon the ore re-
serves or your property. and for that
purpose J. " Fitch was engaged.
He placed the ore developed and I'm
reserve az 1l2l.360 tons against l.
227 470 tons estimate by Mr.. Risque.
Who had been the company's mana ger
Tor the previous four years. Since then
lup 20 December. 1910. 10000 tons
Ihave been extracted
Mr. Risque having resigned on
| september LIST last, r. Il. Claiming Jr.
under whose management in Utah
your company obtained - greater
property. was appointed consulting
engineer and thereupon assumed
nargc az the mine.
''NIr. Claiming reported on Sept
a last that from his examination
there was not available for profitable
extraction any thing approximating
the tonnage given I'm the last annual
report.
&C.. g. Burger. consulting engineer,
was employed to make an examina-
ton Of the property, and he, under
date Of Nov. 2S, 1910, confirms Mr..
Channing's report.
Mr.. Eisque and Mr.. Finch We're no.
titled regarding Mr.. Channings esti-
mate. ANA a conference took place at
salt Lake city early in November. at
which Messrs. Charming, Rsque.
Finch. Burger and the president Of
the company was present our under
standing Of Mr. Risque's explanation
Of his estimate is that he accepted
when he assumed charge Of the mine
the estimated tonnage in each block
Iof ground calculated on adjoining lev
els adding there TO ore developed.
subsequently and deducting extraction.
He did not recast these estimates
from time 10 time nor accept in one
ore body make proper deductions for
mining losses, losses By caving, or for
ground IN interior blocks found in ex-
ploitatlon Co be waste or Improbable
Mr.. Finchs explanation is equally un-
satisfactory. and both OF their esti-
mates are entirely irrcconcila5le with
tlose OF Messrs. Claiming and Burger.
From the reports and from addi-
tional Investigation. we believe the
following IS accurate:
ore ln sight, averaging 232 per
cent copper, go ounces gold, O.s5
ounces silver 100000 tons. From the
large tonnage OF ore shown by mine
maps and records to exist, but which
Is inaccessible for inspection on ac-
count Of caves and fills OF waste. there
may be recovered from 100000 to
25o00O tons other ore la the mine
IS Of too low grade for profitable ex-
traction at the present price Of cop
per.
I A'' fN'l.NAA FA IfANiAAebi' VI ~ 10 nm
tied al present 10 about $50 tons per
day That this is the proper limit is
proved by the fact that 10 maintain
/ a larger output from January 1 to
/ ScptomJcr /, 1910 considerable per-
.ertagc Of Improbable ere was ship
ped to the smeltcr
development work is being pushed
az an points. as directors believe this
feature of more importance at present
/ than the extraction Of ore, and also
because the output can be increased
/ from time 20 time. as more working
, faces arc exposed.
ITO regain The position your com
pany held during the years 1908 To
| 1907, f. win be necessary TO develop
ere Of a higher grade than that mined
Iduring the last two years. Both Mr.
Claiming ana Mr.. Burger believe that
higher grade ore viii be found in the
\ urexpiorod territory.
AT the present date developments
upon the lowest level OF your mine are
promising. there being 800 fet of drift,
and raises In ore averaging 2.3 pei
cent copper In the opinion of YOU
directors strict classification Of ore
in sight has but little bearing upor
the probable future tonnage.
The Aerial tramway. connecting
tho mine with The smelling plant o
The international Smelling and Rein
Ing Co az Tcoel has not yet been talk
lcn over from the builders, but IL Il
now working satisfactorily. The com
pany has ten year contract wit
smelling OF It's ore upon terms un
! questionably favorable To H."
sales-Adv. s95. Allouez 215. Ari
Comm1 GS5. Butte Coarn 1856. q. &
rs. Cent 90. Range 175. Franklin 23'
Granny 100. Greene cananca 1920. l.
Sale 50. New Cons SOO1. Nipissin
$50, North Butte s223. osceola 10.