The Calumet news., 1912-02-24
CURRENT - - COPPERS|
0OON0AA ''''''''i''' &
BY j. A. MINNEAR
e COMPANX

tc 9.2S 1910. The companvs 10
tai income for the year 1911 s2s7isI3 estimating nm
sold amounting 9lSOOO pounds fourteen cents
per pound year company received an av
price Of 1912 per output agan,
the price of 1904 1910 profits for tho
$6s6s7 against dividends paid the rate Of ~
y share amounting to S673,C5O.
q The surplus December 81 was s1S32iSs only
I about $4,000 less than the previous year.
II is interesting to that the copper of the
rock stamped continue falling off; in 1908
osceola obtained III copper per ton of rock
stamped; this pounds in 1910
fell off pound l5,o. while was further
reduced o 1Ls pounds The production for the year
just closed 1SaSslSs pounds showing decrease of
5 almost 100000 pounds from the year previous.
In commenting developments for the year 1911 Prosi
dent Agassiz explains why operations been re-
sumed the old branch part he says as fol-
b lows
"The the cid osceola completed
Though operations would undoubtedly a profit the
directors believe view copper content,
North Kearsarge rock that under conditions
greater will ultimately by remodeing tho
min fast possible "hc work could not be
shipments made saving OF
additional will pay the remodeing less than
two years years nstala
e tion o mechanical conveyors
a North Kearsarge sinking at the end
of the Openings contiguous been
below values With the exception or
the levels north Of No
4 have below
e South Kearsarge development practically COM
pleted. copper pounds per ton compared
with IS pounds in 1910 twcnty-hrs level has been
connected with the ty-seventh level of the
tennia mine which gives added security to
of accident
The remcdelled milling system extracts per
copper compared per the
pound copper per additional saving pres
ent grade of Kearsargc The adds
cent per treated the capacity of the
c remains the
$ HEDLEY GOLD
4 report Hedley Gold Mining company
! just company during
the year s3S152 amounting 100000
were paid. The had surplus the close the
. year amounting to s2OO.961. SO
During the the company mlled 57s15 tons of
having value of s679OOO trne better
3 than per The company that it has
tonnage of in sight equal Of January 19lO
and of equal value with excellent of opening
more its Nickel Mine the sunnysde
e and Silverplate properties.
: VICTORIA
The report Victoria Copper company just
Issued showed the company a hand
December 1911, ss4O44. receipts the
were $27SOOS of which 100000 assessment
o. 81 During year closed. the
pended total s21O65s The production
L3O33S1 pounds refined and the result OF
tua mining operations showed profit of $1,000 This dd
not include the the construction No shaft
together with the development power representing
an outlay of sS9S5O.
In commenting Developments property the fol-
4 lowing information is contained in the report:
During the Exceptionally good ground has been
opened points the main working shaft
and there is large in this or the property
that has been little explored. of the recent open
ngs all showing good copper values gives much cncou-
7 agement
The first discovery of importance made by diamond
drill in hole No. H. shaft TO open
this ground the being and 2S feet
sinking viii 18th level when
drifts will be west the connect
With the longest eastery the shaft There
has good copper level drift and
from the breast Of this drift about 1900 feet farther east
in the No shaft heavy has found and 1910
feet sl farther No. II diamond drill contained
values The levels east have
all opened up good copper ground during the No
work the goth yet done but 1t
is the intention drifting In the near
! future"
ST. LOUIS
II is interesting to Louis is not develop
ing the series is now commanding at May
flower.
The annual St Louis report just issued indicates tht
operations to date by any sensational
formation made by diamond drilling and while several
of the showed the gdaod carrying COM
mercal still there other obtained which
indicated values whatever This amygdaloid lies west
of what is known as tho St Louis congomerate wh''
May flower operating the series east of the St LOUIS