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Show j Great Future for Cache! I E. H. Wilson, Who Bonded Mineral Point And Lucky Star, Predicts Great Things. The following good woid for Cache's future Is taken from Wednesdays Tribune, Tri-bune, the article being an expression fiom K. II. Wilson, mining expert who has recently bonded the Mineral Point and Lucky Star prospects for MOO.iKK) each. The Tribune savs: " i:. II. Wilson, prominently connected con-nected with many properties hi this state, has In an Iron mine In Cache county one of tho most tempting propositions prop-ositions in all the west. Mr. Wilson not only is enthusiastic over this property, prop-erty, but he sues for all Cache county an cia of piosperty which will assume no small dimensions as soon as present plans are under way. Little liai neon said about the Iron deposits of this Utah region, but It is an Industry which will mean a gieat deal within a short time. Mr. Wilson recently seemed se-emed an option for one year upon this Iron deposit, and he stated Tuesday before departing for Heaver county that this option would be taken up in good time. "The property ho states Is within eighteen miles of Logan, and was owned by the Logan Mine company. Recently three different parties of experts ex-perts representing large Iron and steel interests of Minnesota, I'lttsbuigand the west have made an Inspection of these deposits. Mr. Wilson and his associates liavo lefused several offers far the property. They arc doing a great deal of development work upon their own account, but Mr. Wilson states, that they aie considering a proposition recently made them by prominent iron people foi a Ion? lease upon this ground. This lease If let will 11111 for twenty-lhe jeais, calling for an extraction or not less than .'00.000 tons psr au The loyalty as partially agreed upon will be two per cent In excess of au similar one ever made In the lion business. Wonderful Property. "Mr. Wilson Is one or the Iron experts ex-perts of the country. He has had many eatsof experience In this line of activity, and he states that while he has seen equal tonnages elsewhere he never ran across such magnificent finality of Iron ore before, lie states the quality Is Ideal, there being no phosphorous in the ore, and that It will run over 70 per cent pure. The deposit Is 1,000 feet wide, and extends for a distance of G.uoo feet across the property From the nature of the outcrop upon the precipitous mountain moun-tain the tlepoltcan be seen to be fully 1,000 feet In depth, and will, of course, extend still deeper, Kxpcits who have made an examination of this giotind unite In saying that there is only one property In the countiy that equals this In every way, and that Is tho Republic Re-public mine In Michigan. "Tho holders of the option are doing do-ing a great deal of work at this time, one shaft being down 200 feet, having gone down from grass loots upon the above described character of ore. Such showings, taken Into connection with the nattering oilers that have been made for the mine, have fully justified Mr. Wilson and his associates In saying say-ing that this property will bo a great proposition for themselves, for Cache county and for Utah." |