The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-11-30
WHITE PINE COPPER COMPANY

WHITE PINE COPPER COMPANY
This property is the of active operations over
40 men are employed which is the capacity of the hous
ing facilities The diamond drill which has been
conducted for past months has been completed
From the underground workings altogether Is holes have
been drilled and we understand that
very satisfactory.
Two vertical shafts being operated and considerable
lateral work is being The rock broken in the de-
veopment work is being stored on the stockpie' ana
while no official statements have been made unqueston
ably mill test will conducted sometime in the not
distant future The property is well rugged up for de-
yeopment work present four machines are being
used
The copper very fine grained sandstone con-
somerate and only obstacle far between an
ordinary proposition and success is milling difficulties
md with the mproy being made in concentration
no doubt these will
SOUTH LAKE
At a depth of approximately 40 feet rich amyGda'
oid showing exceedingly well in stamp copper was en-
,ountercd in sinking last week General Man
ger Edwards is the Butler Evergreen series
of undoubtedly through the Lake prop
erty although the theoretical alignment These
odes were not encountered in diamond drill work At
writing they still in the lode at depth of l25
feet and it is showing very promising.
The cutting of this Evergreen lode so feet
earlier than expected, the amydaloid formation
countered No drill at 100 feet and expected to be
encountered in the shaft at depth of $50 feet is now
likely to be picked up much within the next
.lree weeks
This news considerable quiet buying and sooner
value this property will be realized With
nly $4,000 shares issued only 10000 available for
rading, readily what small buying move
nent would bring about IN market values
rho he ors i'm k
ng shaft depth of 1900 feet connected last
sunday compartment and collar concreted
present intention of the is to sink to
eph of 500 feet before doing lateral work. and it is
it will require 1900 feet of crosseuttng to inter
ept the Lake lode
No assessments need pc expected a few months
hey $4,000 the treasury october st and spend
the of $4,000 month. At the time Of call
ng last m June, which neted 100000
company considerably in debt; hence the
ity plans further financing the future.
SANTA RoSALiA-
statement from the directors of this company relative
plans policies they expect pursue regarding the
property will issued in future
OF mining news nothing can be said as work is be-
ng done the property with the exception getting
ord wood looking after the surface equipment
Undoubtedly this circular the nature of an
ppea the delinquent stockholders complete tho
aymentS on the assessment OF called some time
md will set a date for the sale the which
he assessments have been paid AS the elimination
f Clancy Summervie interests and the settlement of
nit in Mexico have taken considerable funds will be
to get in the balance of the last
Those stockholders who yet have pair all
heir will the necessity of prompt payment
jefore much real work be done.
In the settlement claims. considera bic
took has been returned the treasury that the
resent time about 100000 shares issued. distributed
mong 1900 stockholders. about $50 shares to
ach stakeholder.
The is fully paid any debts
When hosties and the political uncertainties i'm
Mexico cleared up. Vice Hill will take active