Actually, the lake is about 600 feet across, and about 7 acres and slightly oval. I don't know how deep it is yet, but a 25 foot measuring tape did not hit the bottom in most places when I tried it.
I believe it is springfed, and the level does go down slightly over the course of the summer.
It is just something that came with the 25 acre property that I purchased. The main part of the property has 400 feet of frontage on a good-sized lake and Haliburton County in Ontario. The main lake is lower than the small lake, and my guess is that spring water flows in from one side and then seeps through the ground towards the large lake about 700 to 800 feet away.
see attached picture
above i am showing an axial pump. they provide very high GPH, at very little pressure. these pumps are better suited when you DO NOT need to say pump water up above the lake surface to water cattle. but rather better suited. when they can be left below water, and not needing to raise water level above the pond surface.
if you want to go "air lifts", there are some better setups that use "air blowers".
if you get air pumps that use diaphragms. they allow you to pump water down deeper into the water, BUT they replacement kits for the diaphragms are rather expensive, and may only last 1 to 3 years. (depends)
air blowers on other hand. do not pump air very deep into the water, say 1 to 4 feet if that. and are setup for very high CFM (cubic feet per minute) of air. these air blowers will last long with out maintenance compared to diaphragm air pumps. and can be combined with some better "air lift designs" that move a lot more water. and could replace an "axial pump" setup in above picture.
http://www.thepondforum.com/showthread.php/6674-Rectangular-Airlifts there are a few links that show a square/rectanglur air lift. there are also "banks" of multi air lifts stacked side by side (smaller size say 2" pipe air lifts), and then some larger circular air lift's that look kinda like the square / rectangular air lifts. these air lifts do not shove the air stone / air diffuser deep down. but rather only placed 1 to 5 feet deep below the water. goal is move lots and lots and lots of water.
dropping an air stone / air diffuser deep in water = only trying to pump water up above the pond / lake surface. this is not needed nor wanted. you just need to create water currents. more water you move. the bigger your water currents will be, and the more aeration (raising DO *dissolved oxygen) level will happen.
www.koiphen.com has a few folks more dedicated to air lift design setups. (dealers / commercial folks, and a good amount of hobbyist folks more up to par than i am) i am to far out of the loop of better efficient designs for air lifts. for getting down into niddy griddy DIY, or bought setups that might be available.
--someone there should also be able to point you in direction of who currently sells the 4" and 6" cheaper pvc pipe axial pumps. vs the very costly metal casing pumps you will more likely find searching internet.