The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-02-26
GREAT ACTIVITY
Is ANTICIPATED.
BETTER PROSPECTS FOR COPPER
DISCOVERIES IN LAKE DIS
TRlcT THAN ANY 9TH
Err CAMP.

Ah' approaching SUBMIT lfiNliilHt
to be one of unusual activity through
cut practically the entire length OF IN,
Michigan copper district the possibih
ties of which In the matter Of new
copper discoveries are Infinitely bette.
than those 'of any OF this country,
leading mining centcrs
Aside from the porphyrles. the eA-
istcnce of which has been known fol
years. this country has contributed ~,
new sources OF production 10 speab
of since 1905 In the list Of recent
discoveries the Lake is probably the
most important, lis future now being
assured as a future producer Of liberal
proportions.
The Lake lode discovery diverted the
attention of The explorer to the posi- q.
bilitics lying TO the east side If the
Mineral Range which had previously
furnished the Baltic vein, confesSedly
one of the most valuQhlc in the district
The fallacy that tho copper was to be
found in commercial quantities only
on the west sIoe has been exploded,
thanks to which the district has
number Of new prospects of more than
average promise.
In the Ontonagon district the Ever
green group Of veins have confessedly
tailed 70 meet expectations. The early
showing attending the development OF
these copper beds was unqualified
impressive. bat with increasing lcpths
the proportion of mass and barrel cop
per declined at an alarming rate. while
the stamp copper fell short Of the re-
guiremcnts FOR profitable operations.
This caused the suspension Of mining
at Adventure ana practically az Michi-
San, where the pinching out of the
Branch vein, with its rich mass and
barrel work, left hut the Calico vein
which was incapable of a yield OF bet |
ter than IS or Il pounds OF mineral
per ton.
The Mass ana Victoria continue tho /
operation of the Evergreen veins. the /
Victoria a. least presumably. Vet after /
some twelve years of acti.it, neither 1
are capable Of supplying such tonnage |
Of profitable rock as would insure
earnings, even on the present price Of
copper, on the amount paid IN ON their /
respective shares
We nave no knowledge that the /
Michigan cOntemplatos an early re- /
OF operations The company 4
investigated the east side Of it's prop i
'rty by means of diamond drills since
he disconth uance OF rock shipments,
md located several veins of varying |
Promise
The cessation of operations by the
adventure on the Evergreen veins is /
believed 10 have been final. But the /
'ompany has been fortunate In discov- /
ring two heretofore unknown veins. |
he result OF a drill investigation both
.howins good copper
As recently stated in our market lot
or the first of these veins viii be in
,rsoctgd something over month
'cncc by cross-cut being extended
rom the bottom of the new shalt.
lepth l525 feet.
with permanent surface facilities
provided including modern hoist and
nipple air power. the recent develop
ncnt of the Lake property has been
uitc rapid and IL seems not improb-
.blc that before the expiration of the
irst half of the current year affairs
'iiI bc i'm shape Tor the supplying Of
900 tons of rock daily. which viii be-
upon as the developments
variant Assuming a yicld Of tWent,
hounds per ton. there is Indicated 81
ate 0i production 90 commence with
" about 100000 pounds per annun.
This would insure most crcditable
arnlngS ou the present selling price
4 the stock. which all things consid-
red, is today more irtrinsically at
ractivr tnW at any time since the
rigindl SHAFT disclosures on this prop
rty.
Second IN Importance In the zone II
he Lake In the matter Of future prom
30 is the Indiana. also the discoycror
+ heretofore unidentified vein. M
.hich drill work PLAYED The prominent
art The present year should witness
cme substantial developments AZ this
property. from which it viii be- recalled
phcnomenally rich bearing
ore was extracted from depth of
omc 1900 feet In This zone is also
lcatcd the Algomah, which carries tho
extension Of the Lake lode.
lc investigation Of which is In pro-
ress.
The Wyandot search for copper vail