El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-10-10
GREAT IQON DEPOSIT
Near Monterey To Be Developed On
aLar0e Scale.

Located in the CaraZal mountain,
north of Monterey about Seventy-hve
miles. and distant from the main line
of the Mexican National railroad be-
tween five and six miles is one of the
largest deposits of metallic iron ore 10
Gated in Mexico.
On the south and east slope of this
mountain the Monterey Iron and Steel
company. with a capital of ten mil
lion dollars. have secured large part
of the deposit of iron above referred
to, and are making preparations to
build the railway connecting the mines
and the National railway and for the
development and equipment of their
property. They will probably expend
in the neighborhood of $500, 900. They
will ten be in a position to deliver
their ore on board cars ready for ship
ment to their furnaces at Monterey at
a considerably less cost per ton than
the iron shipped from the famous lake
regions of Michigan and Minnesota.
At Monterey this great company is en-
gagged in the erection of its furnaces
and necessary machinery for the hand
ling of 1000 tons of ore daily.
Their capacity will be increased as
warranted. 1t was supposed at the
time these iron deposits were secured
by the Monterey Iron and Steel COM
pany that they controlled practically
all of the iron of merchantable value
in the mountains in question. This,
however, does not seem to be the case
as there exists on the north and east
side of the mountain and at points
nearer the Mexican National railroad
immense deposits of iron ore that are
in many respects superior to the de-
post controlled by the Monterey Steel
and Iron company. These deposits
have been secured by Col. J. A. Rob
ertson, of Monterey, who is at the pres
ent time engaged in the formation of
a company for the equipment and
working of the deposit located on the
northeast side of the mountain.
A recent examination of the property
in question by one of Col Robertson's
representatives discloses an immense
deposit of iron ore more than half a
mile in length, and varying from 100
to 400 feet in width. The deposit has
been developed at several points. An
immense opening a hundred feet in
width and sixty-fiye feet in height, all
in solid ore discloses large amount
of the very finest kind of ore. Analy-
turns:
Iron IS per cent.
SilicaS per cent
Phosphorus ops per cent
Showing that the ore is particularly
free from rebelliouS or refractory cor
Stituents, and very desirable for the
manufacture of Bessmer steel. Sever
al thousand tons of the ore have been
shipped to the smelter at San Luis
Potosi and have given an average of
81 per cent iron.
1t is probable that a large tonnage
will be shipped to Europe and the Uni
ter States. A conservative estimate of
the ore in sight places same at $780,
600 metric tons. Various fronts of ore
can be opened at small expense that
would permit shipment of 1000 tons
daily. All that is required is the prop
err equipment for handling the ore
down the mountain, and this is expect
ed will be furnished in the very near
future. The extensive operations of
Col. Robertson are we'll known and to
his energy a great deal of the rapid
development of northern Mexico is due
The News hopes to be able to announce
at an early date the first shipment of
these ores to Europe-Monterey News