Show MUCH WEALTH IN I HONDURAS MINES Country Is Highly Mineralized and Has Scarcely Been Developed Frederick Fe rick Bell general manager of the th Grande Gold Mining Mill MillIng Ing ot f Honduras Hondura who t i is il lu fu It New York York to confer conter r with other largi larg stockholders of or the company has hu things to say y concerning min mining ing nn in Honduras Opportunities ties for mining in that coun country country country try lie le says ay iv are unusual as 8 its ita rich mm S i ral rul iv are ale as aa yet practically un dev lop ft The placers of or his hla district hav for foi the tin most part been worked only m in n to a i crude rude WRY way by the natives natIes Lack of had haa Impeded th tho progress pr of the country in a mining way but he pre pro predicts dilta that this thia will wUl soon be changed as s powerful American financial interests are said to have taken tak n hold of ot the railway ran problem of or that country A railway In hi which President Charles W V Fairbanks is largely largey interest interested ed ul 1 hi Is now being built from Truxillo to Juticalpa the capital of the department of or This road Mr Bell BU says AS ASwill will wilt pass pam within about eight miles mUe of ot 0 the Quebrada Grande mines which are about miles from Juticalpa The government is It stable table and is ia very vt ry favor faor favorable able to American mining interests Concerning the Quebrada Grande prop property property erty which comprises about 7 OEO acres 4 and which was Wall acquired chiefly through h T his efforts Mr Ir Bell said that fully full half of th the property is covered by placer de do deposit doJ J posit to an average depth of oC twenty seven even feet The heavy values he con cony y are ara found on the bedrock and range lange from one to three feet In n depth Richard J H Bradley the mining en engineer engineer engineer estimates the entire toot teet of or deposit depo lt will average SI 51 cents to the cubic yard but Mr Ir Bradley was very conservative and I am confident that fiat it will average better than H 1 a yard and andI I base ba e my estimate on thousands of teats made and on my long experience In work working working workIng ing the ground Cost of Handling Mr r Bradley estimates that there them are cubic yards yarda of this dirt that will wilt average avera 31 cents which would make a total value of W Under the limited operations of or testing the cost coat to toI I handle was 7 I cents centa a yard but on ot a large i scale Ecale it can be handled for not BOt to ex exceed r ce 4 I cents a yard As Aa illustrating the extent of ot the prop property propE erty E Mr Bell said MId it was larger than thap the whole district of Leadville Colo Cole He has been heen mining on the tract In a small way WA for years sears and has hu been able ble to reap good profits in spite of the fact that he was obliged to rely on the floods for water with which to sluice the ground The company now BOW proposes prope e Mr Bell Bellid said id to divert the waters of the Cono Cone i boa losa river conducting It five live miles through steel pipes to the property This will give gite us an abundance of water for con continuous continuous operation day and night the year round The entire property te is I traversed by rich richi i veins ins eras and stringers of gold geld bearing quartz and with abundant water we wil wn be able I TO 0 wash lIh off the surface deposit depo tt and ex expose expo expose pose po e these thellO ledges The property has haa been prospected very little for quartz quarts The values In them these ledges edges occur largely in 3 I took from one small pocket in gold To secure water for operating on a arge scale Mr Bell said the company concession from fromi ins Ii i obtained a perpetual i t ue t Honduras government permitting It Itt t 1 too use U the water Belter ot of th ti a river ri ei |