Show OGDEN IRON ORE A special from ogden to the daily tribune says there was closed in ogden yesterday a deal in mining properties that would indicate that there are rich possibilities in mineral in the mountains east and north of ogden the principals interested are dr lecompte of park city as the purchaser for himself an eastern interests and the barker mining company as the vendor dr lecompte was in ogden and personally closed the deal the barker mining company owns nine patented claims in the foothills northeast of willard in box elder county and one and a half miles from the railroad A t great reat deal of development work has been done so much that dr lecompte himself estimates that there are now one million t tons ons of iron in the form of hematite and red oxide exposed the ore runs from GO 60 to GO 66 per cent iron and to the interests represented by dr lecompte it suggests all the possibilities of blast furnaces and iron works to be later erected near ogden in addition the iron carries some gold values the barker mining company gives a lease and bond on four of the nine claims he four adjoining a parcel of acres of mineral land owned by dr lecompte and his associates for the surn sum of and the period in which the option is to be taken up extends over five years the contract providing for an earlier liquidation A royalty of 50 cents per ton will be paid the vendors on all iron ores cres and 25 per cent of all other values it is stated that the iron ore can be mined and placed on the cars at a cost not to exceed 1 per ton dr lecompte says that the work will be started at once and that one of the best fluxing flexing irons in the country carrying as it does values in gold and silver will be shipped to the salt lake valley smelters shelters sm elters before the end of the year A considerable cash payment was made on the deal at its close the barker mining company has for years been working in the mineral showing northeast of willard in addition to the iron they have in other claims fine copper sulphides sulp hides which carry gold values of 5 per ton the officers of the company are J N barker of the barker vineyard situated between willard and brigham the campaign work that the owners ownen have been conducting f for or a number of years will take new im impetus petus from the cash that has gone through the treasury from the deal with lecompte and additional forces will lie be put to work on the claims that are retained |