The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-02-13

proposed TO Resume mining operations although no con-
nrnaton OF this cbtainahle
Warren owns about l,sOO acres in the Bisbee camp.
valuable chiefly for surface rights 1t also owns the
townsite railway line. Il took
over the old Calumet cochise property, which its
had 500 feet. From the bottom OF
this shaft considerable diamond drin work done.
although results were OF a rather Indifferent
AMERICAN SAGINAW
Another Bsbee company. which may shortly resume
operations, is the American Saginaw II owns track
almost 800 lying east Of the Junction property
Of Superior Pttsburg shaft almost 1000 feet was
the property when operations discontinue
ued The has about 100000 in its treasury and
the developments recently reported that
the Junction property there is TO believe that
the American Saginaw may yet prove a valuable
property The company 100000 shares outstanding
of a par value $1,000. which $500 share has
been paid in. 4 ltN He'll
WINoNA-
The wnona King Philip stamp mill the head
now completed quite likely that within another
the first rock from the winona mine will
be there. The mill is thoroughly modern in
every respect, the management has conf
dence that it will show satisfactory results. Wi
shipments the rate of about 500 tons
per day and expects able get least fifteen
pounds copper to the ton of rock stamped
SANTA RosALIA-
option the block Of stock, which formerly
in the Of X. Clancy has allowed TO lapse,
and though the interests which obtained this option
said other plans in view which will probably
work successfully time, infinite
thence has by those who hold the stock
high prices.
The clio directors Of the company have been up
against complications which seldom arise in the
agcment Of any mining company. They criticised
fopp haNin do IN chs hut
hold that report worthy of any consideration whatever
was impossible under existing circumstances. How
ever, attempts being made to clean up difncu
ties which have arisen which include claims against
the company for labor supplies 1t is hoped 20
have these adjusted before another month will have
passed There is talk of reorganization and maxi
ing the stock assessable. If this necessary
funds the resumption Of operations could be easily
obtained appears be the feasible plan yet
advanced placing the company its feet
oJI6WAY--
No. shaft of the Ojibway the 1900 level has dis
closed the Kearsarge ven wide carrying
commercial copper for the entire width The vein
shows up thirtytwo feet wide in the crosscut but at
right angles formation it is nineteen feet The
development this point considered be the most
promising disclosed at the property. Drifting
already been started the vein south toward No.
shaft The formation the 800 level appears to be
further difficulties the irregular conditions which
existed in some Of the upper levels Ten drills
being used at property depth atsined the
number will be increased.
is understood that plans for mill now be-
ing considered production temporarily least will
begin early in the spring.
WARRIOR DEVELOPMENT COMPANY
The annual report of the Warrior Development
company issued and dscloses the fact that the
company had balance hand January 1st amounting
to s3O,i2S Payments be made the property dur
ing present year amount to $15,44O During 1872
a like amount will due. before January 1918
the payment $112OOOO will be due but portion OF
this paid in bonds, convertible at par.
The company organized in october, 1909. Since
that shipments have been made, averaging
ninety tons per day. From these shipments the COM
pany obtained s2S2776. The produced since the
Warrior Development took hold Of the property cost
s% cents and was sold average OF 12% cents
pound showing a good margin profit. Mining is
ceing the Warrior property between the
levels. body of high grade as
saying between eight twenty-five per copper
has been developed between these two points.
In addition o the large tonnage Of high grade
opened up property the company has done con-
siderable churn drilling The holes put down far.
however gave rather Indifferent results In order to
serve its finances drilling discontinued and will
only be resumed when earnings are Sufficient 10 make
| such exploratory work practicable.
new smelling contract been made, whereby the
| company will ship approximately 125 of daily.
| and in doing so will obtain much lower smelling
| charges.
| CALUMET & HECLA-
one OF the largest shareholders of Ahmeek issued
statement yesterday, advising holders OF Ahmeek
fran from voting favor of the consolidation. His
statement comments in detail the terms of the mer-