by Quarterbackgr on Fri Jun 12, 2009 9:46 am
One interesting thing about Calumet and Hecla is that in 1934 they bought a 85% interest in the Ishpeming Gold Mining Company for $30,000, C and H brought in equipment and miners and improved the property and dewatered the mine pumping out 23 million gallons of water. Then they tested and assayed underground of the Ropes Gold Mine with diamond drills. in 1936 they finished testing and in 1941 they acquired the rest of the company and got mineral rights and planned to get a new shaft an mill in 1942 but the government ordered the gold mine shut down for the miners to work in the more important copper mines. Calumet and Hecla sold the property in 1957 to 2 Ishpeming men, who later resold it a few months later to Arcadian Copper Mine tours of Ripley. Arcadian planned to make the mine a tourist attraction but their plan was never carried out. From the book Michigan Gold.