The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1889-01-17
ANOTHER BONANZA.
JAMES K. PARDEE AGAIN To
THE FRONT.
County Heard FrOm-Prom.
iSing Mines Purchased. Not Ron.s,
ed-TEe Iron Mountain Mining
Company-A 500, 600 Sale.

j. K. Pardee, who is always on th
alert for the discovery of bonanza or
mining property that has evidence O
worth or Of being good prospect, ha
secured property which the fortunat,
possessors Of are liable to reap a fortune
from.
Last simmer, three parties determined
to pr spect PORTIONS of Missoula county
One was Frank Hall, an old miner ant
pr spector, formerly of Fhi,ipsburg; th'
second. w. E. Jones. of Spokane Falls
who never had much experience as ,
prospector; the third. d. r. Frazer, who
also, like Jones, was young in the busi
ness but energetic and enthusiastic
Like all prospectors they had variec
lnck but little good fortune until the,
struck what is called the Flat Creek
country. Here they labored diligently
early and late and were rewarded b,
finding the rich prospect which is the
cause of the writing of this article.
After complying with the law, seeing
their location notices we're in proper
form and duly recorded, these men com.
menced work, and in the course of a
short time came to the conclusion that
they had more ore in sight than would
pay them handsomely for their summers
labor, and the prospect of developing a
mining property that would attract the
attention of capital. With these views
in sight, they labored hard until neal
snow-hy.
Frank Hall, who knew Mr.. Pardee of
old, sent him word Of their doings and
was anxious to interview him. A ship
| ment OF ore was, under much difficulty,
sent to Helena. Mr.. Pardee was on
hand, watched the sampllng, and took
general note of the ore. The carload
, went 1917 ounces in silver and 5315 per
cent. IN lead, and netted the fortunate
prospectors some $l4OO. which for sur
face ore was OF the silken velvet order.
Of course. VIZ Pardee was on the qui we
at once. He took the fortunate finders
under suryeil ance and interviewed them
from business standpoint. After con-
ferrlng with some mining capitalists he
left for the mines, clothed with absolute
! authority to act as his experience as a
mining expert and practical operator
would dictate.
The names Of the mines are the Iron
Mountain and Iron Tower and are stu
ated on Flat Creek. opposite the mouth
of Cedar Greek, in the Big Bend of the
Missoula River, Missoula county, mid
way between the mouth of Cedar Creek
and the Jocko, On the Northern Pacific
railroad. After a rough trip Mr.. Pardee
arrived on the ground. It took but a
very short time to prove to him that
there was prospect that bid fair to be
veritable bonanza. After making his
examination and taking many samples
he was so warmly impressed with the
property that he made overtures to the
owners to purchase the property out
right. After some little negotiation the
bargain was completed and the sale
made, the price being $100,oO0, part cash
(of which one payment has already been
ma1e) balance in stock. The transfers
are being made.
The ore is silver-bearins galena,
showing carbonates alongside the galena.
and running with it is harrow vein OF
quartz which contains some of the richest
samples of native crystaEzed silver the
writer ever looked at, r. Pardee having
brought home some of the samples. ihs
is slate and shale. The vein
has been opened up in several Places the
longest uncovered being some 40 feet.
The foot-wall is well-defned and solid !
and there is no hanginc-wall in sight |
Active work was Immediately commenced !
and men employed to drive tunnel or
the vein. Mt. Pardee returned to Fhi,-
lpsburg. but was so pushed with business
hat the information we obtained was
only meager. However, our reporter
to interview him for a short
line. and between Interruptions of callers
Wishing advice, purchasing town lots,
:tc. CLEANED the above items. During
he interview r. Pardee took occasion
o say that he has been engaged in min
ng for many years, has examined many
mines on his own account, and profess
ionally for capitalists. east and west, and
l!so in Montana; has made many reports
N good properties, ard ten times as
many on properties of no merit; and he
says that in the eighteen
ears of his experience in examining and
mines that this property poses
es moro claims, has better indications,
nd bears more ear-marks of becoming q :
ich producer than any mine or group Of (
mines he ever examined; and that these .
emarks are made ter considerable re- {
ection and are absolute. !
+. Pardee was only in town a couple
+ days and left for Helena, where he has I
cen engaged in the formation and Or
anization of stock company, to de- i
elop and place the above property on i
he market. It takes capital to properly t
evelop and mine large properties. We
ope to hear of good size working capi-
al being issued, fOr it is almost a SELF |