The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1888-01-28


deposits Of Bessemer ore ever found on
the range A drift OF 60 feet have been
carried through without striking either
foot wall. The ore il as blue ms indigo.
and is ot the very best Bessemer. The
mine Il about four miles from the Mil
waukec & Northern railroad. A town
site will probably be laid out in the
spring. The Chicago & Northwestern
will reach the mine about the first OF
August. Reporter
Capt. Thomas AlcCuslSer, OF the
Blaney mine, who IL exploring on the
southeast quarter OF the northeast
quarter Of section twcnty-three, i3-a2,
in All probabilities has II mine on his
hands. Five pits have been put down
each bottoming in ore. An Sx6 working
shaft is now being lowered and has "a
depth in ore OF about nine feet. This
shaft will be put down until water causes
trouble when cruss-cutting and drifting
viii be commenced and the pronerty
more fully developed. The property IL
ON line and hall mile south Of the
Hollister mine and only short distance
north Of the Smith mine, the ore being
soft blue, identical with that from the
Iiollister
After cross-cntting ninety feet at the
Smith mine, without encountering the
east wall, il was decided 60 discontinue
work in that direction for a time and
test pitting has been taken up. Two pits
10 the south Of the main shaft near the
swamp have bottomed in ore. The ore
in the shaft is, II such thing he possible.
becoming better. II i predicted that
this mine will become formidable rival
20 the Chaplin.
The Iron County Exploring Co. has
surrendered its option TO III G. Kimball,
the original holder The company has
expended nearly one thousand dollars
ON the property 1t is understood that
+ MIR kimbail will continue sinking in the
lmain shaft which is now sixty-iive feet
deep. The ledge has not been encounter
cd and water IS very troublesome. The
prospects for finding ore are good.
The main shaft Mt the Parks. 1'obin 4
Gonyou exploration on section twenty
three, 1892, now has a depth OF sixty
feet. 1t is the intention TO put the shaft
down one hundred feet, but water IL
becoming very troublesome and it IL
doubtful II more than ten ieet'morc will
bc added. The property IL looking well
and some very nice ore is being raised.
The Blancy mine is still filled with
water and it is not known. lHhen woik
will be resumed The late developments
show that a splendid body oi Bcssemer
ore exists there andit is not exactly clear
To the casunl observer why the property
is not wrought. Perhaps the coming of
spring will put a different face on things.
A meeting OF the stockholders 81 the
Grand Central Ore Co.. will be held in the
company's office of Stambaueh, ON Feb
rnary. 20, next, for thepurpose ofclecting
a new set OF officers. The company's
property is located short distanre from
I Stambaugh and isvery promising a good
body oi ore having been shown up.
Test pitting OF u very satisfactory
nature is still going ON at the Smith cx-
+ ploration ON the west half OF the north
east quarter Of section twcnty-four, IL
~ Test pitting has been carried across
the formation in very systematic
manner and il IL the prediction that a
body of orr win bc found.
The situation may well be called one OF
watching and waiting. No ore is being
sold, and dealers do not appear 10 be at
all anxious 10 enter the market with
propositions until there shah appear to
be demand. AZ present no such de
mand is patent, and the market cousc-
quently, Is in a state OF suspense. Since
the ore business must necessarily depend
upon the action Of the railways. both as
! 20 replacement snd the laying down OF
new track, il H. evident that there can
not be any considerable change in the
situation until the railways and steel
rail interests shall have come TO an un-
derstanding The price, or what would
be the price il there were a market Is
believed TO be as low as steel rails will be
sold for in 1883, II not lower. The con-
sumption for replacement alone is csti-
mated ne 9O0, 900 tons. The railways
made money in 1887, and persons IN a
position TO know sny there is no reason
why lcss than from 100000 70 BOO
GOO tons oius<W rails should not be laid
do justice to the increasing