The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-01-08
CURRENT $500, :, - COPPERS
~ OO00lT ...........,,... COMPANY |


ddton body of high grade ore exposed In
territory tributary to the Alpha shaft.
AS near as can be ascertained has little
than $4,000 its If the company does not
ship grade 1t be necessary to pro-
financing. If high grade ore shipments are
started at once to the smelter 1t is believed that
sufficient Profit win be continue operations with
nut any further financing
VICTORIA
Victoria was quite active and higher this week, due
developments in territory tributary to the
new No. . shaft shaft is over 500 feet deep
getting much better ground. crosscut is
now being the 18th level of No. shaft
to connect with No. 2 shaft would not take much
OF betterment naturalization of Victorias vein to
make this property very profitable for with 'ts
excellent water power Victoria able produce
very low cost. for this fact, the property
would have been closed years for the
per contents the the lowest OF
any mine producing in the Superior district.
ALGoMAH
Directors of Algomah this week
ment 81 a share. payable January 22d by stock
holders of record Goth This assessment was
orally expected; shareholders looked for
call of $3.50 or $500 a In announcing the as
sessment President gave the following informa
ton.
will provide $4,000 for future development the
pany has now outstanding Indebtedness
A from the bottom of the shaft at depth OK
PIP feet is being driven to intercept dis
closed by and No. drill holes Both lodes were
from 40 feet wide No showing nuggets and con-
copper Another fine looking amygdaloid was
encountered at depth continuing in the lode
for % feet An accident the drill rod delayed fur
Their work days. drilling is under
arain The from copper than
above"
SUPERIOR G. BOSTON
Superior & Boston extending its crosscut the
200 the Great Eastern vein. Within
the next days. important nature should bc
this development work If the vein shows
the grade which disclosed in the diamond
drill core doubt that the stock will
JOY substantial advance.
station pump being installed the 1900 level,
ara while comparatively little has been
countered management is preparing for any amount
may developed this level At the present time,
passing through hard dabase and with this
formation continuing there is little likelihood much
being encountered Most of the water that is
being hoisted from McGaw
1000 levels considerable quartz
eountered percoating through this quartz
quite readily.
During the past ten days there has been accumula
buying Superior anticipation
Of favorable developments at the 1,2oO level
NORTH BUTTE
North Butte continues be market mystery Ordin-
arily when copper shares a trine week.
stands strong, general
ket is strong. North re-
spond. There conclusion that can be arrived
a. from this action that Isl possibly
endeavorng to accumulate long stock.
II reported late this on the $500 level
stringer of had been the
that had been followed
possible. The stringer showed running go In
1t also that been encoun-
cred in the 1900 level, but this officially denied
News of favorable developments at North Butte when
officially confirmed will be the heavy investment
buying of this issue When May Jessie veins
are found In the $500 and $500 levels carrying
ere In quantities, 1t will the REGENERATION North
Butte and the stock will be worth present
quotations ON the contrary II developments at these
two levels unsatisfactory the future of North Butte
will be unpromisng the life the property limited
Since the above written learn from an official
source that North Butte srnger a crosscut going
west but that as it the May vein no further
attention is now being given this find, the crosscut
being driven 1t is not unlikely that the Edith
May VIII be found within the this string
er can be correlated with similar developments in the Butte
Ballaklava From source we learn thar
the north country is showing up very satisfactorily
GREENE cANANEA.
IL is expected that directors of tbr Creepe
subsidiary companies will some time this month 70
take action on dividends which Will result in Greene
cananea making an initial disbursement in the very near
future IL Is impossible to forecast degree of ac
curacy just what amount win be paid
Greene Cananea is said be earning approximae, GA,
snare win copper selling at lac pound. This woulu