The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-06-03
MASS CONSOLIDATE

on Mass Consolidated sharce the stock has acen holding
quite The proceeds this assessmen. viii place
the Company in strong position AMI the stock looks
attractive its present price. The Company is
sued statement concerning its plans which reads fol-
lows:
tine sale entire the Ever
green Bluff Mining Company will take place at ontona-
gon 9TH noxt that time expect purchase
for the Mass Company. Mass owns 23Ss9
shares 24756H outstanding. This stock
has something $4,000 expect It's
tai cost win be about 100000 For this expenditure
will receive clear title TO 1,940 Of land maxi
ing combined holdings 5000 When
have will be able to rapidly increase output
then continue drifts the from "B"
shaft the Evergreen lode This territory very
productive at the time compelled close this
shaft and cleaning the old workings pre-
paratory to advancing The Evergreen Company
mined only a depth about feet will be
able To rapidly and cheapy this lode by cuts
from &C" shaft below their workings The Ever
property undoubtedly by the
outcrop of all three OF the lodes being developed by
the Adventure Company. on the Agomah their lode has
evidently the west is headed directly
for property, and the Evergreen. AS combined
holdings will practically so-coled
to the sandsoned, there little doubt
that they carry all OF these odes for distance OF be-
possible to mine. We have a diamond drill working
on the southeast quarter of Section in be-
lieve to be the horizon of the Agomah lodes
and expect penetrate same
New development has been pushed forward rapidly
as possible with extreme economy and have more
ground opened than before our output OF refined
ton of stamped has shown almost
slant increase this development has progressed
and far this has averaged than nineteen
pounds
FRANKLIN
The Franklin was advised this by
Superintendent that drift the 9th
level had opened up very large of ground and
that Developments this the property
offering great encouragement Franklin
offers possibilities around its present price for with
improvement in the price of "copper" the Company will
be able to do better than operating expenses Pro-
ducon for toalled 81 of mineral. The
management is making any large
production and will not until copper sells higher
NORTH LAKE
North Lake was a feature of the lower priced Lake
Superior coppers. showing substantial advance. The
sharp upward movement stock Thursday due
to the received the Boston Office Of the
Company General Manager Edwards which
follows: "Norh Lake drill a depth from 1,244
feet passed through the best amygdalod yet
found the property The well charged with
copper for the entire One piece showed
three inches solid copper"
Company will continue policy of drilling until
a complete obtained. and the property
thoroughly explored this 1t is quite possible
that sufficient will obtained during the
course OF present advisable to sink
a shaft
North Lake will he handicapped by rather heavy over
burden hut the management hopes with the same
finding point where the ledge be reached
with but little costly sinking done in drilling at
the South Lake recently.
North Lake has an advantage in having very
Portable treasury balance which the present time is
very close $4,000 cash. North Lake 100 acres
land, developments Indiana will prove
material Importance outlining campaign for ac-
tive mining work at this property.
GoLDFIELD CONSOLIDATED
The first half of the fiscal year of Goldheld Conso-
dated has been closed and shows Company did
slightly better 81 a share for the six months
on its outstanding stock, amounting to S559.14S shares
The Company found 1t to increase the ton
mage of treated values showed n decline from
S4O72 year $3.50 Operating costs,
however, were reduced $1219 5000. Earn
ngs the year at the rate of s2.2O share
LAKE SUPERIOR & ARIZONA
The option given TO the Magma Company the Lake
Superior & Arizona property will expire until Janu-
airy 1st next Developments the Magma property are
being pushed a vigorous we learn and the
shaft is now being sunk to the 500 level
directors will be represented at a consultation
with the Thompson-Gunn interests who control the
Magma Chicago soon, and while it is not known just
what the purpose this meeting is, 1t is not at all i'm
probable plan may be under consideration by
tho eastern the option earlier
than Of expiration.
HANCOCK CONSOLIDATED
No announcement yet made the result of mill