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

the small amount Of conglomerate
rock adjacent TO Il mas been mined.
There Is "a large tonnage of con-
gIomerate tailiugs which can be work
ed at "a profit by recrushing and wash
ing with modern devices for the say
! ing OF copper. 4 recrushing mill and
equipment for this purpose would cost
$500. 900. It's erection by this company
would defer the possibility of divi-
dends The consolidated company
would save the cost Of power plant for
this mill
Laurium-
The cost OF re9urchasing the sur
face OF section "A (sold many years
lago) In order 20 sink a shaft and
erect the necessdry equipment and
| the small area IN the Kcarsarge lode
at this point mike f. possible To mine
this ground at a profit independent
n.y. II values exist in this ground they
can Zoe probably secured only In con
Injection with Calamet and Hecla oper-
atoms on this lode.
/ Development work on the Kear-
sarge lode i'm section 26 leads TO the
belief that operations, If conducted
here on a large scale may be profit
able. but the territory adjacent 10
/ the company's shaft Is not large and
I at a depth of about 500 feet the shaft
win run into Osceola ground. Under
/ the consolidation the shaft becomes
available for mining the ground OF
/ both companies, so that underground
Operations can be conducted econom-
| ically and with no greater cost for
equipment than will be necessary for
Laurium alone. To the south OF the
shaft the ground adjacent 10 La Sale
property can be more economically
mined through No. 1 La Sale shaft.
If. as Is possible. the rock is of such
low grade as 20 require the shutting
down Of this property during periods
Of low prices OF copper, such shut
ting down can be more economically
accomplished under one organization
than if the company remains indie
pendent.
This company has no stamp MILL
and it's product can be handled by
the combined facilities Of the large
organization TO advantage and at q
saving for milling charges.
La salle-
The developments on the KearsargC
lode on this property have. on tho
whole, been disappointing, although il
is too early To condemn definitely the
large area of unexplored ground e
the south. The amount of develop
ment work which must be done OF
this lode makes any prospect of div
idends for the stockholders a matter
for the distant future If this company
CONTINUES as a separate organization
To the west the diamond drilling dont
shortly after the formation of the
company gives little basis for expec
tation of finding values on the Osce
ola. Calumet Conglomerate or Pc
wabic lodes. There are somewha
remote possibilities of finding values
to the east, but the explorations
which must be made for that pur
pose will be very expensive, and vii
still further defer the prospect OF
dividends.
The work done at Nos. / and
shafts has developed low grade groun
on which operations must be conduct
ed on a large scale If they are TO b
profitable. The area of this com
panys ground tributary to thes
shafts can be continued into Osceol
territory and mining operations OF
, the combined areas be conducted NOR
J economically and with a much smalle
relative and only slightly greater al
solute cost Of equipment than if thi
company remains Independent.
The company has no stamp mil
and what has already been said a
to saving in milling charges apple
to this company.
: Superior
e The greatest problem in operatin
(. Superior is TO secure stamping facil
I ties in mill equipped to make a
e adequate extraction OF copper from 81
perior rock. The mill of the Atlanti
- Mining company, which is now stamT
q ing the rock under contract, If fairl
I satisfactory as regards extraction, bu
4 the cost is so high that continuance {
n it's use is not warranted. The othe
l. available mills adapted to economic;
- treatment are the Calumet and Heel
n and the Allouez-Centenrial mills. bt
r the cost OF transportation 10 thes
,. points is high and no assurance
= permanent use can be given.
k The Superior has developed a con
l. Iparatively large block of good groun
=. but as the Baltic mine, two miles di
= tant. is the nearest point, where prof
Il able operations are being conducted Q
e this lode. 1t is impossible TO predi'
is over how great an area on lands OF tn
e company the commercial mideraliZatic
n extends. For this reason, il does n
x seem to be wise for Superior as an II
IF dependent organization. TO incur u
K great cost of a mill site and suitah
D stamp mill If the proposed consolid
II ton takes effect, however, the charg'
ID for transportation to the Isle Roya
sr mill would be low. and. at a compar
q lively small expense, this mill could
ID enlarged and the washing apparatus
remodeled as to be economical for u
ee treatment of both Isle Royale and :
n. perior rock. The construction wol
X cannot be undertaken by the Is
ia Royale in it's present financial cone
n ton. and the joint ownership of q
"a mill or the investment of Superi
ct funds in this work cannot be recol
Id mended.
* There are economies to be effected
er avoiding the duplication of surfa