The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-01-03


years experience. reached a condition
of great efficiency. The company's
mining equipment is large and varied.
Its shops are OF great size and it's
stamp mills are extensive and equip
ped TO handle the various classes of
rock found I'm the vicinity. The admin
istratiVe force is organized TO handle
a large enterprise. and the mining
force is efficient. This very complete
equipment and this operating organi-
cation are assets of enormous value.
and so long as the various companies
remain separate this equipment and
organization cannot be used to the
best interests of the associated com
panies. When the ground of this com
pany is used up, a part-and a very
large part-of this valuable asset will
be lost. By consolidation the value Of
this equipment and organization will
become available to its full extent for
the consolidated company.
Gratiot-
Results from both shaft No. / and
shaft No. show that the rock now
available In this mine is OF so low a
grade that profits can be secured only
by very large production and low
cost OF transportation and milling. A
large production is rendered impossi-
bic by the small size of the property,
and its distance from the mills and the
custom charges for milling make the
cost of transportation and milling
high. The value in this property would
seem TO be mainly through the use Of
it's two shafts to operate it's ground
and the Seneca ground Jointly on
large scale.
Seneca
The developments in the shaft in
the northern portion Of this company's
location, taken in connection with the
results obtained on Gratiot and Mo-
hawk properties, make IT more than
probable that the contents of the
Kearsarge lode on this company's
property will prove to be low grade
This means that in order TO make a
profit operations must be conducted
on large scale. For such operations
this company must, IL il continues as
an independent concern, sink and
equip three vertical shafts. Seneca
now owes 100000, and the expense of
sinking and equipping these three
shafts is at present unwarranted.
Under one organization the present
shafts on Gratiot property can be
USED Tor the development of this COM
panys territory as well as Gratiot's.
and two of the three proposed Yer.
teal shafts can be eliminated. The
verticai SHAFT could be
IN
dary and would be available for hoist
ing ANNEX rock as well as Seneca
rock. In other words. mucn expense
VIII be saved and comprehensive min
ing operations on large scale made
possible.
RMS company has no stamp min.
and the saving n freight and milling
costs which would result from the
consolidation would be OF immense
Importance.
Ahmeek-
The developed ground of this com. |
pany shows good values. and despite
the decrease In values, which must be
expected to the north and at greater
lepths, II Is believed that this prom |
arty VIII be a profitable mine for man, /
years to come. There is, however a 4
arge amount OF construction and dc
Velopment work necessary before the /
property can be worked TO the hest /
advantage. If Ahmeek is to continue
% be operated Independently the cost
'f abandoning the present rock-crush. /
ng equipment at shafts Nos. ana
and the erection of new rock houses
II these shafts. the cost OF equippine
shafts Nos and 4, the cost OF IN.
sailing additional stamping facilities
% handle the material from these
'hafts and the cost OF an ADEQUATE
water supply will seriously interfere
With dividend possibilities for several
'ears TO come.
Some OF the more important i'm
'rovements I'm mining operations
which would be made possible by the
follow:
To the South. Shaft No. I. The
rea of Ahmeek ground which can be
mined through this shaft is COMPARE
lively limited, as Allouez property
uts underneath at this point at a