The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-27
CURRENT ,.;., ,,,,z COPPERS
oOoOAA '.''.''''''''t'' & COMPANY

heavy production year. the Of the ore
greater than any time previous the company's
history already blocked out has
value of s572OOo The value of the blocked in
1911 s26SS624 The of production 1895 cents
per OF silver
commenting developments for the year. President
Earle in part gives the following information;
"The surplus increased by $25O,OOO
The cost Of producing silver including every item ex-
pense under fourteen per ounce produce
ton 2oOOOO ounces) seventyfour profit
These two results the best recorded history tho
company and to considerable the saw
ings effected in the high grade refinery
Because hydraulic plant deliv.ed in time
operation last year. only about one-thrd usual
amount of prospecting Notwithstanding this
the high grade Jan. l, 1912. exceeded
value those of the previous by over $27o Including
the accumulated low grade the dumps (but
sderng of this class of the mnes)
increased during the year by sSOOOOo
s457eOOO. This the largest
shown by the company
There remain 27O acres the total area
your property still unprospected that which
being operated is believed. will yield further large
tcnnages of both high and low grades ores"
CENTENNIAL
Continued buying Centennial in evidence during
past week OF character indicate that the
stock will not readily find its the market again We
have weeks past advising the purchase
Centennial from $50 up and reason to change
expressed opinion that the would sell higher
This opinion based tho fact that with SELL
ing better than 16 and decidedly i'm
proved physical this attrac-
tive Superior copper producers.
1t is well to in passing that Centennial has
ing but 900 shares of stock of which the Calumet Hec
company owns 1890 shares. Its potentaes do lilo
alone in the Kearsarge lode which all work is
conferred but with copper continuing its going quotation
the congomerae also lodes could be probably
worked.
At the present time Centennial is being opened up
through two shafts Kearsarge lode No shaft is
giving the greatest and most work is
in territory tributary this shaft This is due to the fact
that drifts north this shaft getting the
South Kearsarge and Wolverine properties points where
rich copper ground mined, well known
No. shaft of South Kearsarge has drifted the
tcnna line rock while the drifts Wolverine
they approach the Centennial boundary show dimu
milton OF the values that have profitable
a producer years.
Sinking ? shaft, Centennial. been resumed
after having discontinued years
shaft boomed at the S5th level, depth 1866
The drifts north this level well SSd level
ed excellent copper that with the Improvement
with depth in No shaft further bettermen
be logically expected.
Undoubtedly arrangement will with the
South Kearsarge to sink No shaft into Centennial terri
tory This would be decidedly favorable
tennial it would eliminate lengthy trammng neces-
sary from No shaft to reach the territory
where South Kearsargc Wolverine cut off in depth
by lateral and end lines
Centennial is shipping close rock daily
to the stamp MILL Eighteen machines are operated on
the day shift and twelve night shift From the 10
the Fl and from the % rock now
miled is being mined. In No. shaft can be
made to handle tonnage supplies are sent
down through No 1 shaft.
operations with bringing only 12T cents per
Found With increased production and much better
prices obtained for the metal increased
mineral recovery from rock stamped record which
Centennial should make be one of the best
i'm its history We would not be surprised see Cen
ennial sell for sS5 share before have
passed
MINING NOTES
Wlthin another month Mass should be in q position to
show an increased and profitable production
Cherokee was active locally during the week due to the
rumor that work would be property. No
authoritative statement on the subject was issued
was accompanied by that these two companies
would be merged The story lacks confirmation
North Lake is ready TO freak ground for new shaft
and before the summer Is should e well under
he therh