The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-28
Gossip Of Market and Mines by Minnear 4 Co.

the company to proceed with plans as first outlined
AS learn the companys treasury Is rr
tcaly depleted and insiders have already found it
sary the company funds TO carry ON deyo,
mens
In addition to the steam shovel proposition the comnon
is developing the Minnesota and Ruth mines both or
these being shaft propositions and in the Ey dis
'ric The smart ON the Minnesota property is down
24O feet and is stated that foot vein has heo,
encountered portion which assays as high as 10
The Giroux property continues the only PRODUCING
mine belonging to the Consolidated During the
1913, Groux produced 645coSs pounds of copper
o69 ounces Of gold and i.lsa ounces of silver
FRANKLIN
Announcement made Yesterday from Boston Of the
first a sample of the Alouez conglomerate odo
as cut the 32d level 1t showed SS pounds of copper
per ton. 1t made by Prof sperr of Michigan Col
cse Of Mines. President Edwards known in Bos
that the assay high he was inclined +,
doubt its lie ordered analysis PresI-
dent Edwards this week had the following say of tho
lode
The cutting of the Aouez conglomerate SGD lev
el is most favorable Development The crosscut has
entirely through the lode which is wide with
Is feet carrying copper quantities
This is the lode which Franklin mined down TO
the cath level when the vein narrowed and
cined the point where operations became Improbable
The development the S2d, however, indicates the
2ith in lean portion of the lode which greater
depth has considerably better values.
Work will be pushed both ways from tho
shaft the S2d to determine the extent of the commercial
that level and later it will be possible raise
from the 32d well to drive another from
some intermediate level The important thing outside Of
tile good showing the 32d is that there
ground up to the cath which may have valuable possbi
ties for Franklin.
1--WE shall continue plan of running the
the sd level through all the formations which sup
POSED the Franklin property In this way
rlete crosssection will be obtained which will
ate knowledge of the values of these odes within
Fanklin boundaries.
Contrary to the general impression have ADAM
doned permanently the mining the Pewablc lode We
shall operations there sufficient labor
can he commanded to permit the hosting of leo
rock per day ON this tonnage Franklin ought to be able
to make money but with the comparatively low copper
tenor of the lode sort of showing be made
conditions which prevail o the strike"
But six working underground drifting
has been done the conglomerate 1t is unlikely that the
vein will be opened further for weeks. The
engaged i'm extending the crosscut.
The developments in Allouez conglomerate
favorable appearance of the New Arcadian yen which is
contained in Franklin easily accessible by
ing of shaft 1900 feet constitute warrant for
fair bulge in the stock it would STILL nothing has
been proved to show positively that Franklin to be
thing than it has been. Enthusiasts the
Developments, in opinion, would do well consider
rankins heavy debt, the difficulties have
in mining the Alouez conglomerate previously the
ofness of the hanging wall, which necessary
leave much of the vein standing in order avoid heavy
mbering expenses-and the history of the property
late.