The Calumet news., 1911-11-06
SUPERIOR & GLOBE.
No Assessment in Near Future-com-
pany Has Over $4,000.
Henry Clcw%

4
pany Has Over $4,000.
The annual report of the Superior &
Globe Copper Co. is now in the hands
of the stockholders.
! President John Daniel says:
| The work at the mine during the
| past year has been confined almost
entirely u diamond drilling. The for
nation through which the drilling was
done is a hard CLASSY diabase. and
| progress was very slow, owing TO small
seams and soft spots i'm the diabase.
necessitating much cementing i'm the
drill hole and olso frequent rcdrilling.
| The drill was set up i'm the north cross
| cut from the shaft at G5O-foot level,
and hole drilled 10 cut the Yuma
vein at depth. The work on this vein
in the shaft had opened up ground
heavily charged with iron. manganese,
and leached matter from the surface
down. No. / hole was drilled TO total
depth of 9j7 feet, occasional stains Of
iron and copper showed up in the
cores, but no ore bodies were disclosed.
IL may be probable that this hole did
not penetrate the Yuma vein owing to
"a possible Strengthening up, or increase
I'm the vertical angle of the lode at
depth, and this fact can be determined
ny further drilling, on resuming oper-
ations It is evident that this coun-
try has been subjected 20 a great deal
Of shattering and faulting and the
chances are that anyore deposition will
he quito deep. Hole No. 2, drilled
horizontally from the same position as
No I, was continued northwar1 a
distance Of 1Si feet, with a view oil
cutting at depth a plumber Of out
cropping veins. These lodcs show ex-
Ccllent indications on surface and
should lead 10 something Of value when
further exploited. We have done
some assessment work this year i'm
connection with patenting the claims.
The necessary patent surveys have
al been made and application for pat
cnts are now pending I'm the United
states land Office. Drilling has been
discontinued az the property for the
present. and the company has roserv-
ed enough money in it's treasury tol
pay taxes and secure patents, and a
more opportune time viii be awaited
before resuming operations. stock
holders are assured that there will be
no assessment called i'm the near fu-
ture, but the management will waitl
until general market conditions show
a decided bcttcrmcnt, and the pros
poets for copper mining are somewhat
brighter. our property has the advan
tage OF having the claims entirely paid
for. an1 no debts or payments Of any
nature 10 meet and while we have
ceased operations for the present wait
ing for conditions to improve, expenses
viii bc merely nominal and we can
readily resume work at a very short
notice. Tho property is situated about
2h miles north east OF Globe, Arizona,
in n well mineralizcd district and con-
sists of 250 acres Of ground, entirely
accessible, revealing on surface many
1utcroppings Of heavily iron impreg-
mated lcdges. Developments thus far
have been confined 10 a very SMALL
portion Of the property, and on resum-
ing operations at some future period
we should be able to demonstrate the
character and worth Of our different
lodcs at depth more fully, and disclose
something Of value.
Statement Of receipts and cXpcndi-
lures from November 1, 1910, TO No
vember !, 1911: