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Show CALUMET PROPERTY HAS HIGH GRADE Returning from the Calumet, formerly for-merly the No. 3 lease of the Mines Development company, in Iron county. coun-ty. President R. W. Brown said yesterday yes-terday that the outlook for an enormous enor-mous deposit of lead ore has improved im-proved wonderfully with the last ten days' development. The new shaft at the side of the open cave has been driven thirty feet through a bedding of low-grade ore running out from the higher grade deposit in the bottom of the cave. When Mr. Brown left a cross-cut was being started to go under the ore in the cave. Ore hauling should be resumed re-sumed early next week. Mr. Brown saw a fine streak of carbonate car-bonate ore making out of the cave to the west and into the hill, which can be stoped at depth from the new shaft. In his opinion, the workings jare close to the contact with the porphyry. It is in the contact he-jtween he-jtween these formations that the Horn Silver discovered its remarkable lead-silver lead-silver deposit thirty-five miles northeast north-east of the Calumet. The Calumet company has been incorporated, in-corporated, w-ith an authorized capital cap-ital of l.noo.OftO shares, of which 54 9.500 are in the treasury. The re-j re-j mainder of the stock is in the treac-I treac-I ury of the Mines Development company, com-pany, which has brought the mine to a productive stage. It is said that the stock will be listed soon on the loc.il exchange and possibly in the east. i |