Grace Mine

GRACE mine and mill, owned by Bethlehem-Cuba Iron Mines Co. and operated by Bethlehem Cornwall Corp., are being developed to produce 9600 tons of 42 ½ pct Fe magnetite ore, to yield 5760 tons per day of agglomerated iron concentrates averaging 65 pct Fe. Located about 14 miles south of Reading, the property is ideally situated in relation to good highways and railroad. Three major steel plants, at Bethlehem, Steelton, and Sparrows Point, Md., are about equidistant from the mine. Discovery of the orebody resulted from an airborne magnetometer survey, completed in 1948, con¬sisting of 7000 lineal miles of flight lines spaced one-fourth of a mile apart and extending from the Delaware River on the east to Gettysburg, Pa., on the west. After examining the magnetic maps, Bethlehem's geologists made limited surface traverses over the Grace mine and Warwick area to check the location, and realtors were engaged to purchase the desired properties over and adjacent to the area showing favorable indication of ore.