The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1907-09-07
PlGKANDS-MATHER
TAKE BUCkHOLz
CLEVELAND CONCERN ACQUIRED
The MINE DURING THE WEEK.
OPTION HOLDERS GET BONUS
E. s. Coe and Jas. Piper Showed up the
Ore and Reap a Rich Harvest For
Their Pluck.


The Picksnds- Mather company took
over the Buckholz property during the
week from Ellsworth S Coe and Jas.
Pirer. Iron River gentlemen who have
been working the mine under option
for several months.
The Buckholz property is on the
SIC OF sec 81 1915 ana is owned in
fee by Mr.. Buckholz Of Iron River who
homesteaded the property and has been
working it AS a farm
The property adjoins the Beta mine
OF the Mineral Mining company and
has been taken on option 10y several
different parties during the past five
years The Buffalo * Susquehanna
Mining company had the property early
in the year and through some mis-
understanding allowed the option TO
expire. In the mean time develop
ments In the Beta mine moved Jas
Piper 10 get an option ON the property
and he associated Mr. Coe with him
self ana they began to develop It,
A short shaft had already been sunk
on the property which the new owners
OF the option pressed into service and
started drift in the opposite direction
10 which all OF the previous work had
been done. IL took but few cuts 10
show up breast OF ore and the fur
ther they went with their drift the
better looking the property appeared
The property was put on the market
as soon as sufficient ore was shown up
TO warrant asking good stif bonus
and several firms bit NJ once after the
bait. IL WAS rumored that the original
bonus asked was SEQ. 600 but what the
Pickands people paid for the property
has not been given out.
This is the entrance OF the Pickands-
Mather people into the Iron River dis
trict Toey are by far the largest
operators in the STAN bangh valley but
heretofore have fought Shy of the Iron
River district
NEIGHBORING MINES.
The Mineral Mining company has
been to the Iron River district what
the Pickands people have been 70 the
Sambaugh district They were the
first TO enter and are tho lnrgest oper-
ators to-date having the Nanaimo and
Beta mines the James which Is soon
70 be a shipper and the Konwinsky and
the Sherwood both Of which proper
ties are known 20 contain much ore.
THE JAMES
Interest in this district centers Just
now In the james mine u which pro-
perty the North Western road has just
completed ~ spur track nearly two
miles long. The james has shipped no
ore yet but considerable OF stockpile
has accumulated during the develop
ment work
The james ore body seems to be very
much cut up with horses or rock on
the present level ana the future of the
property depends very much upon the
course this rock will take with greater
depth. All present appearances seem 30
point to their being now on top OF the
ore body, the fingers protruding down
from the Gaping above Experience in
the Stambaugh valley mines shows the
same fingers and that they grow thin
ner as depth is attained finally cutting
out with sufficient depth.
The James ut present present several
Of these lenses varying in size from 25
go up and the ore is of veiy good
grade.
The operators have not yet taken out
a lease but viii probably do 80 soon as
il Is understood to be their intention
to ship ore this fall
When the property was optioned the
Mineral Mining company took an op.
tion on Mr.. James half interest in the
fee for $50. 600 the option 10 be- exer-
cised when the lease should be taken.
THE HECTOR.
The Buffalo a. Susquehanna il the
only other concern operating 10 any
extent in the Iron River district. They |
have a shaft down on the NV OF the
Sc Of i3, about n half mile from the
James and with every foot sunk they
get encouragement Their shaft is
down about is0 feet from surface.
However. nothing definite can be
told OF the property until the operators
get TO drifting which will be in about
a month more