The Calumet news., 1911-11-11


very satisfactory bodies OF sulphde
being opened and 14OO levels These
only important old Dominion also
the neighboring properties indicating the fact that
substantial be found depth the Globe
camp.
COPPER RANGE
Copper Range directors win within the next
three the quarterly dividend.
change disbursement $ expected rs
with copper selling at l2h pound Copper
Range is earning just trihe than the
that it Is distributing in dividends.
II is interesting TO note in connection with the companys
that Trimountain continues
a very promising showing month
October. Trimountain win show surplus Of $4,000
all costs the rate Of close 3lOO share
the outstanding capitalization OF Copper
this condition continuing Trimountain
branch, It will be- long before Copper Range will
able its old dividend three
months With copper selling anything than Is
a pound company's shareholders
early increase TO the old rate.
BUTTE -BALLAkLAVA-
Balaklava sinking its from the 400 to
the 1900 level. where proposes considerable
poratory since the litigation instituted
by Anaconda Copper Company against Butte
Baaklava operations the latter property been
conducted with the view largely 10 substantiatng Its
vein in dispute manage
believes that Is stronger than
before The developments the level will
information. will explore
five veins which developed the utteBalla
klava property.
The management has great confidence the pros
poets work. believes open
up rich bodies 1900 level the Butte
properties particularly mined richest
depth to correspond with Butte Ballalavas 1900
level
The company recently uncovered body, which
averaged between An per copper carried
ounces of silver. Occasional shipments be-
ing smeter. the company does
not propose produce until opened the
level
There have been developments In the litigation
between Butte-Ballaklava. The is
in the courts. and decision is expected until early
next year.
TAMARAck-
gradually increasing underground force
likely continue operations shifts There
have number changes made which the manage
believes will although at the
time Tamarack operating loss. Economies in
departments provided for. and is safe
say that considerably than they
year
According the annual report of the II
pound produce copper. while the
received for 1927 pound, show
ing a loss of almost pound. The company
had the balance Of amounting
s1,O52,OOO.
ToNoPAH-
1t was reported this week that TonOpah
Its the group claims and had made
payment o. $4,000 property
with the report the that the
pany would Immediately commence operations the
property
The showed a slight advance with the circulation
information considerable buying in
duced those who regarded this step most favor
able prolong the life OF Tonopah The Aurora
property has held option time
has been inspected by the companys engineers Some
development the group. and
a property Of great promise.
There is large body Of and although 1T is not OF
high grade, with the companys excellent reduction plant
II will possible handle this good profit
MINING NOTES
Superior annual meeting will held Globe.
November GOTH
nearly employed breaking
for the foundations OF Butte Superior
concentrator.
There ia truth the report that osceola Consol-
dated early OF operations
the old osceola branch
wnona has installed Harding regrinders to treat the
sands There has been change the
at the mill during the past month.
The Copper Range Company shares which owned
entirely by the Copper Range Consolidated. declared
$3.50 dividend The last dividend declared by the
pany $3.50 in April
Summit doing practically no work property.
formerly known the Gibson mine The company has
comparatively small payments TO make quarterly until
June 1915, when the final payment sS5oOoO be
made.
1t reported that Southwestern Miami had reached
ore in its churn drill at depth OF little more than