Newark post., 1912-12-25

flatlnum ana ROlu, TWO OF the
aost valuable Of the precious met
lis have been found in the old iron
pits, on Chestnut Hill, in profitable
Quantities. This statement was
nade yesterday afternoon by w.
N. Scott. who has had a wide exper-
|ence in mining and is one of the
ben who have been conducting
tests of the ore since the mine,
handoned for many years, was
purchased from the McConaughey
rirs more than a year ago.
For several days there have been
umors of sensational developments
II the old mine. When seen yester-
lay. Mr.. Scott told of the tests
howing that the two precious met
Is We're i'll the ore and added that
e had purposely withheld making
i }ny announcement Of the fact until
e was positive that they were
here in paying quantities. This
as now been proven, he said, be-
cnd a doubt. He is an assayer and
is tests of the ore have been check
" up by other assayers to be
loubly positive, before recommend
ng larger outlay of money for
nachinery, which will now be done.
he platinum and gold have of
curse, always been in the hill but
here was never any suspicion of its
presence until those now interested
tarted their. tests. 1t had been
Forked on several occasions but
(nly for the iron ore which is there
n large quantities.
Mr.. Scott does not contend that
u has found a bonanza or a hidden
Gine that is going to bring a for
une to its owners overnight. He
lces intimate, however, that the ore
containing the quantity of plati-
bum that it does and the fact that
he can utilize all the by-products,
n addition to the iron, makes il a
post alluring and profitable pro.
ect. Associated with him in the
york at the old pits are John Sta
Pelx and O. J. Freeman, all of
Philadelphia. The property is
kwned, however, by a Philadelphia
CAPITALIST, who purchased it on their
recommendation.
Mr.. Scott stated that previous to
recommending to the present owner
TO buy the property, which consists
u about 100 acres, he had visited
ne old pit on numerous occasions
md made tests of ore that he pick
kd up. All Of these samples, ac-
fording to the assayer, contained
kOld in small quantities, but it was
here and in some instances, he
tates that a streak Of gold was
Plain enough in the ore to be seen
Fith the naked eye. He now freely
dmits that it was because of this
(old that was discovered that he be-
bme interested and that even after
hachinery was installed and about
0 tons Of ore crushed for a more
Tactical test, had it not shown the
recious metal in paying quantities
be project would have been aban-
Oned, as he does not consider that
would pay sufficiently well to OPP
Fate the mine for the iron ore
one. This accounts for the hurry
installing some machinery early
st summer and operating it before
fecting any buildings.
The practical tests after the in
allation Of the machinery, how
Ter. even held surprise for Mr..
eott and his associates. Up until
(at time, while all the ore assayed
small quantity of gold, they had
idea that it also contained the
pre- precious metal platinum, and
ire consequently agreeably sur.
Used and more pleased than ever
tn the project. While, according
Mr.. Scott, the gold is in all the
and even in the surface soil
ne does not contain any sign OF