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Show July 7, 1969 OIL & MINING JOURNAL Page 5 0 U tali mine By ALDEN STEVENS Field Director, Mobil Travel Guide values up one of the Virginia silver hoom towns ofgreat the is almost in its past, genunique today uineness as a tourist attraction. It stands pretty much as it was in its heyday without having been restored, and is located on state route 7. some 23 miles southeast of Reno. Its population, once approximately 35,000 (including Mark Twain) is now about 500. Almost a billion dollars in silver and gold were taken from its Comstock I ode between 185) and 1878, when the bonanza ended. From 1878 until 1920 and even later, sporadic attempts were made to work the lode (which runs under the city) but the glory days were over the rich ore was gone. City. Ni-.v-.. valuation of all iilali mining, oil and gas and public utilities properties, as assessed by tbe State Tax Commission, increased by $22.4 million during the past year to a new total of $522.39 million. VErnon L. Holman, Stale Tax Commission chairman, released the valuation rejiorl last week. Mining, gas and oil properties increased in valuation during the year from $251.13 million to $267.4 million, largely because of increased production by Kcnnccolt Copper Corp. Kenneeolt workers were on strike during the last half of 1967 and early 1968. This reduced the valuation of the copper ore mining properties, which are assessed at twice the average net production during the three preceding years. Decreased production of oil and gas in San Juan County cut the total valuation, as fixed by the Stale Tax Commission, for that county from $14.8 million to $42.24 million. Total oil and gas and mines properly valuation for San Juan County dipped from $35.74 million to $33.83 million. In Summit County, where oil and gas production has increased during the year, total valuation increased from $11.7 million to $13.08 million. Oil, Tin: 1 -- Above. Virginia City today. It is a mecca for tourists interested in the Old West. VIRGINIA CITY, NEV. Orion Clemens was Territorial Secreand his tary of Nevada from brother Samuel (better known as Mark Twain) wrote for the Virginia City Territorial Enterprise (later revived by Lucius Beebe). The immortal Mark told of his Nevada days in Roughing It. In the 1870's, Virginia City had 110 saloons, six churches, the only elevator between Chicago and San Francisco and one of the most ingenious engineering projects of its day the Sutro Tunnel. 1861-186- 4, and the bartenders are full of tall tales. The Sutra Tunnel, which cost $4.5 million, is closed, but you can peer into its entrance six miles west and 1,800 feet below the town. It drained the hot, sulphurous water previously pumped from the mines at great expense, and provided mountains of Nevada are to the east. Lake Tahoe is about 30 miles west in the Sierra Nevada. This famous lake offers fishing, boating, swimming and in winter especially at Squaw Valley near its northern end. scene of the 1961 Winter Olympics excellent winter sports. Carson City, the countrys colorful smallest capital, is 17 miles away, and there is Reno, too. 200-square-m- ile A REMINDER Booth, Lily Langtry, Maude Bill Cody, Mme. Helena Buffalo Adams, Modjeska and Artemus Ward all performed at Pipers Opera House, which still stands on B Street. After the mines were closed, Virginia Edwin The City drifted into the doldrums common a cheap way. to get the. ora out, while g towns. Most of the V offering the miners an escape route in among old buildings still stand, Ijowever (some ' case of fire. It 'Was finished in .1878, just of them lean a little). A number of the in time for the end of the mining era. splendid mansions, authentically refur- - The canny Adolph Sutro, who conceived nished, the beautiful Catholic Church and dug it, sold it fora nice profit He called St. Marys of the Mountains, ; later, became mayor of San Francisco. ghost-minin- ; . Virginia City is surrounded by places to ) see Many of the , old lidoons aineT thriving anthin; to free prospectus-booklet- s tell the facts about the qQo charming mutual funds Channing Channing Channing Channing Channing Growth Fund Income Fund Balanced Fund Special Fund Common Stock Fund CHANGING COMPANY, tNC., 366 5th East. Sutte 206 Salt Lake City, Utah 84102 Phone: (801) James E. Reed, Div. Mgr. partially-restore- d Pipers Opera House will reopen Sunday with performances of "The 363-100- 6 and gas Drunkard at 1 p.m. and 3 p.m. The 19th century clastic will be presented by the Golden Garter Players. The play is the first of two productions on the summer., program at Pipers. It will run four weeks. Performances will be at 1 p.m. and 3 p.m daily throughout the summer. mining property valuations increased from $2.57 million to $3.72 million. Iron County, a principal producer of iron ore, showed a reduction in valuation due to declining production of iron, ore-fr- om $20 million in 1968 to $18.9 million this year. Mining property valnations dropped from $14.88 million to $13.58 million. do. (Take your fault Crown works King Tut LAKE SALT Exploratory work, in the CITY nature of drilling and trenching, now is underway on the King Tut claims, stockholders of Crown Reserve Mines Inc. have been advised. The United States Geological Survey also has undertaken a study of the area in which the King Tut claims are located in the Drum Mountains of Utah. Crown Reserve Mines Inc. has located three lode mining claims in the vicinity and along the strike of the Joy fault, Clinton C. Jenkins, president, told stockholders. Investigation of the land status is continuing, however, Jenkins said, it is believed that the claims are on public domain and the mineral rights are valid and defensible. Stockholders also received reproductions of Jasperoid in the Drum USGS a circular entitled Gold-Bearin- g Mountains, Juab and Millard Counties, Utah. IN THIS ABSTRACT, it is said that geochemical sampling in the Drum Mountains of Utah has revealed anomalous concentrations of gold in One jasperoid outcrops. contains 100 jasperoid sample parts per million of gold, and 20 samples from an outcrop about 50 feet wide and 300 feet long average about 10 parts per g million gold. The gold-bearin- jasperoids also contain anomalous amounts of other ore-stag- metals e and may be useful guides to further exploration. Crown Reserve shareholders also were advised that work is for being considered on the Snake mid-summ- er Creek mining claims. Name Address HR 10 PLANS AVAILABLE CHICAGO BRIDGE & IRON CO. ROBERT M. PHELPS, Manager Phone 484-&5- 5I 550 WEST 17th SOUTH P. 0. Box 687 Salt. Lake City, Utah Gen.Nuclear sells property to Humble RIVERTON, Wyo. General may produce from the mining properties. A drilling program is with headquarters in scheduled to begin this summer corporation the properties which are soldin on has acres in the Far West Gas Hills located approximately 9,000 Nuclear, uranium Riverton, Fremont County, Wyo., to area. of Nuclear include approximately Humble Oil Co. Other uranium this area held interests in by General Phillip Flanagan, president General Nuclear, said the 7,000 acres of overriding lands previously company received a bonus royalties toonHumble Oil. conveyed payment plus an overriding In total, General Nuclear, royalty on ores that Humble Oil which was incorporated in 1968, controls approximately 200,000 acres of overriding royalties on prospective uranium lands, and 350,000 acres of wildcat properties in Fremont and several adjoining Wyoming counties. The company is negotiating for joint venture partnerships for exploration and development of the wildcat' acreage. |