The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-18

following information concerning recent de-
yelopments at the property
"A strike OF rich sulphide has made by
the Calumet &c Arizona Mining Company In a crosscut
witch has been to shaft with
the oliver shaft The claim
Of Calumet Arizona latter part August
for the Oliver shaft and is within
feet shaft.
This twenty or sulphide ore
averaging per cent copper This
Planned level which
is $50 feet below the of the
strike is $50 below any other part
Calumet & territory"
This is the most important from the Bisbee camp
for about years. the
corning development very large body in
the FUNSTON shaft. The important feature or this
nouncement indicates that will found the
at much depth than ever before disclosed
adds greatly to the life Calumet
but other companies operating n the Blsbee
camp.
II o Oliver shafts.
necessary crosscut through the Copper Queen
property. Copper Queen and Calumet & Arizona
since organization company
amicabe basis, and each has done work in the
other companys territory before the extension OF tho
crosseut above mentioned
The local office has not received Information
corning the body quite likely
drifting will be done until the two shafts connect
ed The Is being extended from the Junction
the Briggs shaft at IA yet
encountered crosscut every
that promising ground will be opened in terri
tory tributary the Briggs shaft when extensive
literal done from this opening.
The problem is giving the Company trouble
| whatever any point in fits property
The same high buying OF Calumet & Arizona
shares evidence the in
letter hands than before. production
Ia lust al
rate OF 81 per annum. and advance or
pound in will mean close to 81 share
outstanding stock, it obvious how closely related
will selling Calumet Arizona shares with
the metal quotations 1850,
! MINING NOTES
Colony should cut the st. Louis vein time
| week No drill hole
equipment for No. Anouez will probably
be ready go commission before the middle of tho
winter.
During August. Nlpssins mined estimated
$225OOO and shipped of estimated
| of 100000.
In August Victoria produced Jos of mineral on
ment
| August. Superior mines
| produced 1s596.O64 pounds copper.
100000 pounds than July.
| Mohawk shipping 5000 o
stampmil at Gay, and particularly from No. shaft
New Baltic continues to drift it's lode the
| The vein Is about wide, and so
| far heavy has been disclosed
Esperanto declared interim dividend Cd
quarter ending September pay
able October stockholders September
| 9th.
| Houghton Copper drifting
finding Superior lode badly shattered and
comparatively little copper. Further depth is
gained with the vein viii regular.
during 1912 porphyry properties
will produce 1750OOOOO pounds "copper" that
any decline the price copper.
producers 100000 pounds win find it
necessary to operations
Most of the equipment sink South Lakes
shaft ground being Installed
shaft continues a good When the vein
Is this drift depended upon
| to give a very good account of itself marketwse.
\ East Butte called upon payment
its property next December 1t Is understood.
however will be made extend the time for
payment market then be unsatisfactory
this extension can be difficulty
BY way of preparation output Franklin
is charging 1 shaft permit the of
| sklps In conjunction with its hoist. Under 81 per
share Franklin stock to be OF the most
trgctive the priced Lake Superior produce
| ers
i interest in the New York market IL said to
i be tremendous This Is caisson upon which will be
| huded bull in stocks and is going
prove mighty proportions this interest is
i PEELED to promises be far orderly
i retreat gets fairly started.
Il Copper exports for the month August 2sO1s
tons against 27S76 for the year