RI 4000 Phelps Stokes Iron Deposit, Nye Co., NV

"INTRODUCTION The Phelps Stokes iron deposit, also known as the Iron Mountain claim, was examined by G. L. Thompson, an engineer of the Bureau of Mines, in January 1943. As a result, the Division of Geophysical Exploration 3/ made a magnetorater survey of the deposit in June 1944, and the Mining Branch included it in a,project to explore Nevada iron deposits.The Bureau explored the deposit from September to November 1944 by means of 643 feet of diamond drilling and 445 feet of trenching holes were drilled, all of which penetrated more than: 100 feet of good-grade magnetite, although nearly all the ore except that found in the first hole contained an excessive amount of sulfur. Trenching was done largely over the first two holes, PS-1 and PS-2, and exposed the full width of the ore.The deposit is in Nye County, Nevada, 7.7 miles east of Gabbs. The property was discovered in 1902 was patented in 1907. There has been no production from the property and except for the Bureau's investigation,,has not been, explored since it was patented.Magnetite is the principal ore mineral; it occurs as fine-grained particles associated with sulfides and cemented with talc and calcite."