Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-06-19
IRON In MINNESOTA.
Additional Riches Being DevieaA
obed Every Dag.
Ammenss tdhntities Of 6ee U5Htalisd lii
the Satioas. Mines Moro Than
Enough TO supply the
whole wHrld.
Tie Development Of Minhesota,s iron

Tie development of Minnesota's iron
fapges ore not by any means COM
sf4beti: hey are continuing daily, and
Wealth that Sns not dreamed of yeur
3 or less ago is nov laid bare for the ham,
,ucr of the assdyer and the ton meas
tirement OF the buyer and the miner.
as an Instance of this is the develop
incnt made during the past few months
in the northern part of township 57-17,
md the southeast quarter Of town
58-l7. Discoveries are made and still con=
tinuing in the northern tier of sections
of town 57-17, especially In section s,
where nine acre tracts have been
shown to be weli-nigh covered with ore.
End where there has been proved mil
lions OF tons. This ore body, with that
Of the Adams, Vega and Fayal mines,
with which II is believed to be connect
ed. is one of the largest On the range.
and six months ago lis existence, ex-
eept so far as the miles named were
Concerned. was scar6aly conjectured.
&hong the holders of Mesaba orc the
Lake Superior Consolidated Iron mines
- far ahead in quantity of ore held.
much of 1T, being. however, under min
eral lease to other operators. and more
sbf it being held by the Consolidated
under lease from the original holders.
Owing to some circumstances connect
ssss With the. formation of the company
by Mr.. Rockefcller's associates it's hold
fbgs were obtained Mt small expense,
and owing to the same circumstances
10 is difficult to separate the cost of
the mines from that of the road, which
Inll ty,N- M IN
same time. Is is safe 10 assume that
$1.5oo.O0O paid for oil the so-cailcd Mcr-
ritt properties that went into the Con.
solidated company, together with all
costs connected with their admission
into the company including some
subsequent settlements. These prop
critics, some of which are lease and
some fee, are believed by the most con-
scrvatiSe to contain 100000 tons of
ore of various grades. In addition to
these the company has the Adams
mine. the Lake Superior. the Lone
NRRthe Mckinley and the Rouche-
;e %Sn s nS2der option; These viii
have cost, when the option is taken up.
about s2.5O0.0OO, and contain not less
thnn 05, 900. 900 tons of ore. The Lake
Superior lenses are figured rs covering
dt least 5O.00O.00O TONS and the Adams
leose Is put Mt very conservative fig
ure. far below what the owners arc
willing to concede. There is here ar
iron holding of not far from 160,o0o,0o0
tons. NIL obtained at round cost of
S4.0OO.C00.
The Minnesota Iron company has
nbout 100000 tons in sight at tha
Mcsaba mines, and for them it has paid
almost 81 100000. Some of The largest
are leases. In addition to their own
mines, the company has n tonnage con-
tract with the Vega. which is regarded
MS. one of the most important mines
Of the range. with, perhaps, 100000
,pRs. in sight.
- ~ soucheleau-Ray company still
70 far from 100000 tons. OF
bout two-thirds is fec The
: exploration is estimated Mt
: I'm 100000 tons. The
III x n6a tions, the Security Land
= lilly under option to
Iron company; the
the Ohio and some
r - T. les, contain at least 3d.
4 here remain the vast
l4hnesP Wright and Davis syn
/ddsate on the western part of the range
IN which mrs rararof y,,;nae ,nd a..