Space Daily September 13, 2026 • 01:44

In 1903, a mining engineer staked a claim on Arizona's Meteor Crater, convinced a fortune in iron lay beneath the floor, and spent 26 years drilling for a meteorite that had mostly vaporized on impact — his family still owns the crater today, and science later pro - spacedaily.com

A wealthy engineer bet his fortune on a hole in the ground that science said was worthless, and spent three decades proving the experts catastrophically wrong.

The hole in the ground east of Flagstaff is nearly a mile across and deep enough to swallow a 50-story building, and in 1903 the United States government’s official position was that it was a volcano… [+4840 chars]

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In 1903, a mining engineer staked a claim on Arizona's Meteor Crater, convinced a fortune in iron lay beneath the floor, and spent 26 years drilling for a meteorite that had mostly vaporized on impact — his family still owns the crater today, and science later pro - spacedaily.com

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