The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1909-02-12
REGARDING
L. s. & N. D.
Excellent Report Oh Prop
.erty by all Expert

stockholders OF the Lake superior
and Nevada Development Com
pany, returned Friday last.
Mr.. Isaacson made quite an ex-
tended trip over the west and ex-
pressed himself very enthusiastical-
1y over what he had seen and
heard.
Regarding the U. S. Grant,
which is a gold mine, located in
Tuolumme County, California, in
the Columbia mining district, Mr..
Isaacson was exceptionally emph-
attic in declaring it to be great
property with remarkably bright
prospects for becoming a big divi-
dend payer in the near future.
When interviewed by MINING
STOCK NEWS, Mr.. Isaacson
said:
There is no question but that
we have a great property in the
| U. S. Grant and it is going to
make big mine. And 1 am go
ing to report to the stockholders of
the Lake Superior and Nevada De-
velopment Company, who are the
owners of three other excellent
properties, that the U. S. Grant
alone, if we spend little more
money on it will make big divi-
dends for us all. l have been all
over the property and have seen
enough to satisfy me that the COM
pany has been very conservative in
what it has told us about it. They
have not exaggerated thing, and
in fact it has left unsaid many
things that it might have told us,
but that it was afraid to raise our
hopes too high.
All of the work that has been
done on the property has been done
in first class shape and as l am a
practical miner myself, / think l
am competent to Judge of this
feature. The mill is modern in
every respect and in excellent con-
dition. There is plenty of water
and timber and, in fact all condit-
ions surrounding the property are
ideal for profitable mining. AT
the present time work has been
stopped, pending a decision upon
the proper place for starting tun-
mel into the property III order to
strike the ore shutes at greater
depth than would be practical with
a vertical shaft.
In my report to the company ]
shall recommend the running of q
tunnel from a point about three
hundred feet above the river on the
east side of the mountain for a dis
lance of about 600 feet. This will
give us fully 400 feet of depth and
almost foot for foot in STOPPING
ground at the face. In running
the tunnel we will cut three shutes
of ore and several veins or string
ers, some of them running very
high in gold values and aside from
this our tunnel will drain the mine,
thus saving the great expense at.
tached to mining with a shaft.
If we continue to sink on the
property it would be necessary tc
establish pumping stations with
every $50 feet of depth, thus max
| ing it necessary to install expensive
machinery and another boiler, as
one boiler would not make steam
enough to operate both the mill
and the pumps.
Every person that has visited
the property and every person liv-
ing in the Columbia mining dis.
trict, many of VIXEN are as farnil-
lar with it's history of the Vermil.
ion and Mesabi iron ranges talk
even more enthusiastically than l
do of the Grant and its future.
There is absolutely no ques-
ton about its value and any pract-
ical miner like myself who visits il
will arrive at the same conclusion
All that we need to do is to spend
a few thousand dollars more in de-
velopment on a larger scale thar
heretofore and then take the ore
out and mill it. The gold is there
One thing that struck me while
l was at the Grant was the taking
out of more than $1,000 in golC
from the grass roots on the side O
the mountain within 800 feet o