The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-07-19
NORTH BUTTE

This has responded slightly general improve
in the share market the though
considering the volume OF trading the opinion
that the advance should have been much For
time past been noticed large blocks of
this issue have changed hands only fractional
change in Price.
Dividend checks mailed Stockholders past week
together with report operations developments
the property covering the past three months.
The Granite Mountain shaft was sunk 22O feet and a
crosscu driven this with Spec
244o feet with sinking in progress. While statement
vas made in the understand that negotiations
are about closed for the purchase
he installed at this shaft This undoubtedly will be
or the largest electrical hoiss Butte camp.
Partial rembering of the Spectator the
station done without interfering the regular WORK
that this shaft is in class condition.
The Adirondack is being developed from the 900
to the 1000 level inclusive quite satisfactory results
tlc icing taken 1000 level assayng So per
cent while that the per cent cop
though the vein has teraly with the al
ditional depth.
The Edith May vein is being worked on the 400 ana
2"oo levels the former showing 7-foot assayins
er cent while the drift latter level shows fee,
cf ore also assaying per cent
The Jessie vein developments show that the vein has
faulted about Is feet from the being
driven in country beyond the faued section before
picking up the
South Gem vein the level drifting both east
ana has disclosed anything of value on the
level a two-foot vein assayng per cent has been
developed.
South Croesus vein with only a limited amount of de-
y,opment small ore body ON the l. coo level
The SNOWFALL vein, which has taken the place of the
as he nf ,o
develop quite promisnsy for distance 1000 feet from
the $500 $500 levels
ON the 200 level there been developed for dis
lance of 200 feet body wide. assaying per
cent with ounces of silver, ana like grade still,
shows in the east and o the drift
ON the 2400 level ga has been deveIoped i'm
the west drift carrying copper ia ounces
Ct silver The drift level has passed through
fauted and has irregular both as to
quantity and quality.
The $500 deepest level in the mine has recently
encountered high the west drift ON the
SNOWFALL vein, and which appears the same shu,c
which has been developed the upper levels
According 10 General Manager Popes statement they
have developed more during the past quarter than
has been taken out.
Considering the fact thar North paying 81 pee
share annually with greatly In excess of this
figure it would If this should he one of the
quickest to respond TO improvement share prices
HANCOCK
This issue has given of itself this week
ralying from sI4k to si7ik. prominent Chicago firm
that has been identified Hancock since it's ncepton
is out with optimistic escribng the de-
velopments at the property in considerable detail
LAKE
During the month of June production from this propery
amounted to only trhe mineral not I'm.
Guiding and barrel the present rate Of roc
shipments the July production rabv sbor,
ot this amount the total rock shipments have fallen as
low three per with average during the pa
few weeks Of about cars of rock daily