Show PLATINUM AND IRIDIUM DISCOVERY IN THE COEUR IDAHO according to a recent statement of G R scott of spokane and one of the heavy stockholders of the caribou mining company platinum and iridium have been discovered in commercial quantities in the caribou and other mines of the coeur calenes dA lenes an ore refinery to handle the concentrates it is said will be built at once on mining property about nine miles southeast of the city of coeur dalene plans for the refinery to handle the platinum and iridium concentrates were worked out at a meeting of owners of the caribou and wilson mutual mining and milling company at coeur dalene recently R A dozier a chemist of grants pass ore has been retained by the mining companies as chemist in charge of operation and will devote his entire time to development of the refinery and mining of the ore assays essays made by mr dozier and verified by eastern chemists and mining specialists cia lists show values running cunning from to per ton while a mill test from the wilson property taken by J S green president of the wilson company is reported to have shown values running as high as 1800 a ton an assay office has been fitted up in coeur dalene to handle the ore and a concentrator will be operated by a company to be formed and owned jointly by the caribou and wilson companies it will require a working capital at the start from to according to the report the caribou company is is now capitalized for but this figure will be increased later the company has been assured that all necessary capital can be obtained from outside sources if necessary the green company is a mutual concern discovery of the platinum values is causing quite a flurry in the coeur calenes dA lenes and additional claims will no doubt be staked says mr scott with the exception of districts in wyoming the coeur dalene platinum discovery constitutes the only western showing of commercial platinum |