The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1895-10-23
SCRAP IRON AND GOLD.

Lyle mine last week, neglected to
state that the reason was that the
ore is of very base or refractory
character not at all suitable for
reduction with present facilities. 1t
is a smelling proposition of low grade
quality, and, Of course, with present
facilities for transporting the ore te
distant smelter would admit of ne
profit TO the owners. When railroads
reach this locality, or if a smelter
should be established here, OF else
where in the district, work will be
resumed on the property.
There are ether properties here that
are free-milliny on the surface but on
lower levels become refractory, La
this particular Rainy lake ores are nc
exception to those of Colorado and
the Black Hills. And especially is
this the case with the latter country,
where the best returns are now being
obtained from refractory ores that in
the early history of the Development
of the country were deemed worthless,
because of the proper facilities for
treating the ores in profitable.
The English syndicate closed the deal
Friday with Messrs. Kelley, Mesher
and Others, for what is known as the
Kelley mine in the Bad Nermilien
country. The mine was bonded for
six months On a S30,000.00 basis, ten
per cent Of the amount to be paid On
execution Of the papers, which was
done The purchasers viii at once
begin active operations in order to
determine the value OF the property.
If development work brings satisfae-
tory results, they viii pay the balance
Of 81, O00.0o on or before the expira-
ton of the six months limit. If the
property is no good, or not sufficiently
50 TO satisfy those bonding, it viii re-
vert TO the original owners without
further ado.
The Journal is glad TO see the bond
ing system of opening mines inaugur-
ated here. 1t is the one true way to
open up a mining country and to de-
velop the mines. If prospectors are
not willing to take chances equally
with capitalists in determining the
worth of their properties, the sooner
they get out Of the country the better
for all concerned Undeveloped proper
ty is no good TO any one, and mining
men OF means and experience viii
not pay the price Of mine for surface
outcrOppings, NO matter how good
they may appear, while, at the same
time, they viii 60 ahead and sink
shafts on a bonded proposition, and,
if it turns out all right, will then pay
the prospector the agreed price.
J. G. Foley was down from Shoal lake
this week preparing for trip up the
Manitou. He says the shafts on the
Weigand Mining Cos property are
down 60 feet, and that the work is
being rushed as fast as the steam
drills and dynamite can do it, The
character Of the ore and width Of the
vein is such that those interested in
the mine are very much elated over
the prospects for it being big bullion
producer.-Rainy Lake Journal.
Two levels in shaft No = at the
Minnesota commenced work last Fri
day. As soon as more men can be
obtained all the other levels will be
put to work, says the Vermilion Iron
Journal The steam shovel at the
Minnesota has quit working and as
the men managing it have been re-
turned to their old positions, it is
likely that shipment has ceased for
the winter. The wages Of the under
ground workers Were raised last
month. and viii be Increased again at
the next payday. The Minnesota is
now in a condition TO do the largest
amount of work that has ever been
done in this country.
The mica mine recently found at
Kettle Falls on the boundary is max
ing preparations to make an output
this winter. Camps for fourteen men
have been erected. A J. Schneider
and Frank Hanel of Ironwood, Mich,
are interested in the mine.
The Duluth Iron & Steel company
will resume operations at their plant
in the near future.