Newark post., 1912-12-25
GOLD AND PLATINUM
Company Works Quietly Analysis of Ore-Addtional
Machinery to be lnstalled-Promise of a
Good Business Proposition

platinum, but other tests show it in
more plentiful quantities than the
gold, and in the more practical
tests Of crushing tons of the ore it
appears in about the same quantity
as the gold.
When asked if it was rather un-
usual to find gold in an iron mine,
Mr.. Scott replied that the peculiar
honeycombed formation of black
iron ore as is found there is always
an indication of gold and that it
was this formation that first at
tracted his attention and caused
him to continue his tests.
The crusher that was installed
last summer weighs 20 tons and has
a capacity for crushing 300 tons
daily. The other equipment. how
ever, will not take care of more
than ) tons daily. so that it will be
increased as it is desired to have Il
capacity of 300 tons when in oper-
alton, and another crusher may be
added later. The ore and soil when
it comes from the crusher is as fine
as -four. 1t passes into concen-
traitor, capable of handling five tons
per day, where the pure iron is col
lected and the residue passes out
on tables arranged below. This
residue, which in previous at
tempts at operating the mine was
waste, only the iron being disposed
Of, can be. used in by-products, so
that there will be no waste. 1t will
probably be used for making
cheap grade of paint after being
put through a slight chemical treat
ment and also for manufacturing
bricks. This will give f1ve sources
of revenue, namely-gold, plati-
nun, iron paint and bricks without
any waste.
1t is in the iron which is entirely
separated from the other material
that the gold and platinum are
found. Mr.. Scott said he was not
prepared at this time to tell just
how he will get the gold and plati-
nun from the iron, but says he has
process that will do it with little
trouble and expense. He estimates
that it will cost about 60 cents ton
to mine and crush the ore. Near
the pits there are two large piles of
dump" discarded by persons who
operated the mine in years past, be-
cause it did not contain enough iron
ore to bother with. There are thou
sands Of tons of this discarded ore,
nd it is from this that the practical
tests have been made, and when the
plant is in full operation it will all
'be crushed first to get it out of the
way, but even it will be very profit
able. 1t is claimed that when the
actual mining is started, there is no
doubt that the quantity Of both of
the precious metals, as well as the
iron. will increase the deeper they
go.
In answer to questions. Mr.. Scott
stated that he estimates the amount
of gold in what tests they have
made from the discarded ore will
run 81 to the ton. This estimate
may increase materially as they go
down some distance in mining. The
platinum shows in about the same
quantity as gold but is more than
twice as valuable, so that ton OF
the ore will produce between $3 and
! 81 of the two precious metals III
| addition to the iron and by-pro-
duets. Gold is worth about 500 an
ounce and the value of platinum Is
about $45 an ounce.
In speaking of platinum, Mr..
Scott stated that nearly all that is
used in the world comes from the
Ural mountains of Russia. 1t is Sc
cured in small quantities in Oregon
nd Washington, but not in as large
quantities as the tests show it to be
in the old iron pits. It is used
Continued on page 4