The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-23
PONTIAC TRACT WILL SOON Be Contributing
TO THE PRODUCTION OF THE QUINCY COMPANY
Exceptionally
Full Inside Six MonthsOther Gossip
of the Copper Properties by J. A. Minnear & Co.

each having three ton capacity, and IT be
sible increase this load at later date.
This method handling underground Is really
novelty the Copper Country. though it is something
thirty years since the last mulepower used in
ramming IN Lake Superior district
oNEco-
Drifting 18th 18th levels meet
with favorable results While the lode which is from
10 to 90 feet wide is NOT uniform spots Of
rich ground being encountered The drifts beng
extended south the 18th and both north south
the 18th level and have up vein this level
for distance of about 400 feet
Three machines in operation. and about 20 men
employed. This is Superior property that
does feel the scarcity OF labor for peculiar
may sound, there a number of the close
entity whose workers glad take advantage of
the winter labor.
NAUMkeAe-
Naumkeag is operating diamond drills and. as we
understand it, they have finished three
working on two From the location of the holes and
from the depth which they being put down it Is
quite apparent that they endeavorng get
| on the Pewabc series.
However the local officials of the company are non
ccmmital i'm regards the being done II is ru-
mored the street they have very good
looking
SOUTHWESTERN MIAMI
at the following points: one hole is being put on
the Prospecors group acres now reached
about depth of 800 feet, and they making
feet day This Prospectors of claims that
ton secured by Fred Hoar turned over to
the Southwestern Miami Company. The hole the
Prospectors group is about Live
Oaks No hole which showed e5 feet of 2GS copper.
Hole No is being bored the Barney group 1t is
in sicifed schst and has reached a depth
| he is ated The Pinfon
which quite close Live oaks body. There
he interesting developments from this last hole
the of the few weeks should
siderable activity the stock.
The plans drilling property are progressing a.
rapidly possible and far the drilling
very satisfactory results.
UNITED VERDE EXTENSION
This quite among the low
priced stocks the past few months probably the
fact that the influential copper men the
country have become interested in the company
| In the past months, was closed with Mr..
James 5 Douglas for the control of this property.
| Douglas, understand, is acting the a
syndicate composed of the following; James Douglas
identified with PhelpsDodg interests Arthur James,
director Phelps Dodge; Ryan, president
gamated; Henry Hoveand director of Inspiration;
Kingdom superintendent of Old Dominion. and e
Tener, Chester A. Congdon Hoatson, all di.
rectors of Calumet & Arizona.
AS understand it the above mentioned gentlemen
treasury stock at fifty cents
and have option 100000 shares same
price until June Is, 1915.
Douglas $50 900 shares for his services
in financing the company United Extension is now
capitalized for 15OO,ooo par value Of fifty
cents Of which 100000 shares treas
ury company
Property comprises 70 acres Jerome Ari-
adj Irn
While development date has Indifferent
results, that strong
connected with It, would Indicate that the possibilities
fully demonstrated by former anagernen,
From the best opinion hand it is worthy prospect
| while it is likely take a number
veop any it is possible shares
will show speculative advance the work
Under the old regime single compartment shaft
sunk a depth of 500 feet and a
deeper, heavy was encountered with
which they unable cope. Undoubtedly larger
pumps will be installed and this shaft deepened This
shaft is only 1900 from United verde's shaft
INDEPENDENT LEAD MINING COMPANY
A representative a New York brokerage house has
been in the copper country placing treasury
Of the Independent Lead Mining Company. property
is located in lmyo County California miles
nopah. The capitalization OF the company 100000
shares 81 par value which shares remain
In the treasury company is fully hnanclcd by the
safe of 100000 shares which have been sold
II share; 100000 shares given in psymen.
property.
1t is high grade slver-ead proposition, and there
several close corporations vicinity have been
paying dividends for several years the grade
ore
Mr.. Ed Collins has recently reported this property
and has mapped out a line OF operations which fol
lowed. should put 1t paying basis
Now the haul from the mine to the nearest railroad