Telegram-herald., 1890-02-18

( B Dlkeman Tells Vast He Aas
seen
TIE tppeE FsntasaIa soaaas - ''-s -
Isw Metal RlcE Auritsfoes
2aaftz A~says.


r. :. is2eluaa s2s losna - oar IT.
pos.er n h,s store on CaaAl-sl-s ttas
sflenooa, explaining tie wonderful
ssats ne had seen during bls recent
irq % tle geld range of the PIPER
Peninsula
Ia reply to the question DO yo0
thnk lhere s much gold up saeTe, and
VII q 1old 0aN Nj. D.kem2n SD
'l'o ! thluk there Is much gold up
theret les, sir; there : any amount Of
Il, and rchtoo. There is enough ~ sght
On the cold Lake Mining COmpsny and
Use Michigan Gold Company properties
10 ksep d mil running Tor years al a
handsome pIont. went up there WITH
the purpose OF seeing Tor myself wnAt
there VAS ia these stories Of fabulous
wealth VA have been hearing lately Of
these gold fields.
Il spent several days IN the alslrict
aud ! came homo convinced that
nothing we have heard concerning the
richness Of these mines has been eNag-
gerated. ! am simply astOnished-
The gold district D. about seven
miles northwest from lshpemlng, aud
one mlle north OF railroad station, Oh
the Chicago x Northwestern railroad,
called Golden. The Oldest mine IN the
district IS the Ropes mine; they are
operating a slxty-tiye stamp mill and
paving profits on a very low grade ore
that does not run over an average OF ~
per ton. They are down six hundred
and thirty-tiye feet and report the
quartz growing richer the deeper they
go.
"The Peninsular mine has q very
large vein of low grade ore, but no
machinery on II yet. The Grayllng
mine people are drilling and testing
their vein. They say at four hundred
feet deep they have cross-cut their
VEN, and find it twelve feet wide and
good quality.
II next visited the Michigan Gold
COmpany's property, and the Gold
Lake Mining COmpany's property.
These two properties are known as the
richest, so far as developed, yet found
in the range. These two properties are
both on the same vein, and arc rich IN
free gold. The mill on the Michigan IS
turning out bullion out OF the common
mill rock, 10 which there seems to he
10 limit, 1t the rate of over so TO the
tom of quartz. The vein is about two
feet wide at the surface, and gradually
widcns out rs II goesdown. Samples OF
quartz have been assaycd from this
vein running over $4,000 10 the ton.
The same IS true Of the Gold Lake
property as of the Michigan, only the
Gold Lake people are not quite as well
developed, but they have the same
VEN, and as much, If not more OF 1t
than the Michigan. They are down 10
feet IN their main shaft. and are dong
winter work on Il tunnel they are run
ning west on the main VEN about
thirty five feet below the surface. They
have another vein to the north of the
main vein that has been stripped and
shows up we'll. They own two forties
instead Of one, As owned by the MIChl-
gan. The Gold Lake people will put a
mill on their property rs soon as the
weather warns up a little and the snow
begins TO melt. At present the snow IN
that country is from four feet to seven
feet deep"
you have no doubt, Mr.. Dikeman,
that there Is free gold IN these mines?
NO, SIT; | saw 1t with my own eyes
IN the rock al the way from the sur
face down TO the bottom OF the shaft.
am convinced that the region is just
as rich IN gold as 1t Is III copper and
IRON. found some people holding
their Michigan stock al the way from
- to s. per share. and "Gold Lake
stock at $3.50 to $500, and the only
reason can think of why these mines
are not worth ten times the present
market value Is because they are not
in Colorado or California. People done
appreciate them because they are in
Michigan. 1t was the same way with
the copper region when first discovered,
and today they arc the richest in tho
world.
"Ycs; there is block of treasury
stock to be had in the Gold Lake Min
ng Company, and representation on
the Board of Directors goes with 1t.
understand Il syndicate j. organizing
here in Grand RAPIDS to take it,"