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Show Page Friday, April 5, THE WESTERN MINERAL SURVEY 2 WESTERN MINERAL SURVEY LOMMINK ,11 PIIII NEWS - CIRCULATION 421 Churcb Street Mum EM 2402 Curtis Bt., Denver ALpln 1957 Pilot Plant of New Tripp Process Upgrader Unveiled 40 ADVERTI8INQ Son 2600 EM 49 Salt Lake City, Utah 2402 Curtis St., Denver ALplne as second Entered class matter at Salt Lake City, Utah, under Act of March 3, 1879. Subscription rates: 85.00 for for one year. 13.00 tvo years; Please mention Western Mineral Survey when writing to advertisers. Advertising rates on application. U M. HILL Editor All news appearing In the Western Mineral Survey Is obtained from sources believed to bo reliable but no responsibility Is assumed for accuracy of statements. Reproduction of any material from this publication must have written permission from the publisher. Drop Noted In Tungsten Net Earnings Uncertainties in the domestic tungsten market resulted in net income of Minerals Engineering Co. dropping to $45,513 for the compared with $168,-29- 5 for 1955, according to R. G. Sullivan, Grand Junction, Colo., vice president. Some three months of operations were lost in the tungsten effort last year, because during two of these months there was no extension on modified basis of the metals domestic purchase program, and for a final month there was no purchasing under this new program as funds were exhausted by General Services year 1956 Administration. "Tungsten operations in Montana have been continued since the first of the year with products being stockpiled In Salt Lake City in itheir finished form. (Minerals is a joint owner with Sylvania Electric Products, 'Inc., of Salt 'Lake Tungsten Co., a refinery here.) Bank loans have been obtained against value of part of the stockpiled metal, Mr. Sullivan said. Photo by Gary and Clark Dallas op-erat- ng Mr. Sullivan said that tungsten operations in Montana would proceed, it is anticipated, throughout 1957, "Since the Calvert Creek Mines is able to produce ore at a cost that will be competitive with Second from right is Dr. R. Maurice Tripp, who developed the Tripp beneficiator for Cal Uranium and Big Indian Wash (Utah) ores. Also shown are (left to right) Jack Dempsey, assistant to Dr. Tripp, IL O. English, president of Mountain Mesa Uranium Corp. and Cal Uranium Co.; Dr. Tripp, and William B. Cramer, consulting metallurgical engineer of Denver. Mr. Cramer has long been associated with the field of mineral concentrating processes and in this capacity served the Colorado School of Mines and Phelps Dodge Corp. for many years. More recently ' Mr. Cramer has been engaged in comprehensive examination of various uranium mills' sampling procedures for the Atomic Energy Commission. any foreign product. He reported that operations at the new Mexiquillo, Mexico tungsten mine have been confined to stockpiling as construction of a plant had been delayed because of unsettled world market conditions for the metal. While the company negotiates to acquire other interests in Mexico, it also is dealing with (the Mexican government for a large reduction in export taxes and for the approval of tax Climax Molybdenum Co. Monsubsidies as provided by Mexican law in connection with build- day reported net profits of $798,-06for 1956 of which ing the plant. was from the 80 per cent owned by Climax Uranium Co. oi irnay U, with a mill ait Grand Junction, Colo., had sales of uraCustom nium and vanadium last year of $10,648,957. Further explorations during the year added modestly to the size of Climax IPs ore reserves on the Colorado Plateau, Sales of copper were made .at said the annual report of the 32 cents a pound Tuesday in film. moderate volume by custom smel- molybdenum Other points covered by the reters reporting out of New York, s Service reported. This port: uranium ore resrves of the is an advance of a half cent over San Antonio Mining Co. near the 31 custom price established San Antonio, Tex., are not large Monday and brings ithe quotation enough to justify a mill in that uranium back to the same level of the big area; a small near has been domestic copper producers. developed deposit The higher price for custom Kendrick Bay, Prince of Wales smelter copper stemmed from Island, Alaska, and shipments to strikes that began Monday at two the northwest will begin this summajor foreign copper mines, mer. s Indian venture has developed on reported. Dr. Tripp, a consultant for the Atomic Energy Commission, says that the beneficiator will Increase this nations uranium resources' by eight fold. Specifically, it has been reported to increase the reserves of Cal Uranium by three fold. Pictured above Is the pilot model of the mill which takes a low grade of uranium bearing ore, separates the uranium material from the waste and produces a concentrate that is 100 times richer than the original. Current tests are on ore which produce only about a pounds of concentrate for every 1000 pounds put through the grinders and furnace (so hot It will singe your eyebrows If you get too close). This is in preparing the ore for separation. Standard Reports Profit Gain; 1956 Profit Moves To Liquidate Obligations Of $15 Million Climax Reports $15,-152,96- 5 6 - Smelters Raise Prices Dow-Jone- Shareholders of Standard Uranium Corp., Moab, were told at annual stockholders meeting Wednesday morning that important new reserves of uranium had been added to properties in San Juan Countys Big Indian District. They also were told that final payment of $500,000 to a Moixti-cell- o group for the original (Big Buck) mine properties in the district would be made in June of this year, after which the firm on basis of cash flow would still have 1 million in cash at end of 1957. On basis of drifts and laterals, the Standard mine has 120,000 tons of ore at this .time, sufficient to carry mining- through another 24 months. - high-grad- e Dow-Jone- Officers said that the firm estimated its reserves not through drilling, but on basis of developed ore read for mining. Additionally, the Standard-UraniuReduction Co.s joint "Big m the Mamie claims. 500, 000 tons of affiliate of Newmont Mining Co., 0 'had establshed values at the 0.12 per cent U308 of which tons runs 0.20 per cent U308 Treasury Mt. and Auor better. gusta properties and early proUranium joint duction at the Macawber mine The venture covering claims to the is projected. southeast of the Big Buck mine R. E. Simpson, Grand Junction, has encountered sufficient ore to Colo., mining man, president of warrant driving a. drift Newmar, was added to the Standfrom the rim of the canyon into ard board of directors at the Hotel the area where two seperate cores Utah meeting. encountered 11 feet of 0.31 per Small shipments have been cent U308 ore and 0.81 per cent made to Magma Copper Co. mill at Superior, Ariz., from Standards U308 ore respectively. 125,-00- Ma-Cawb- Col-U-Me- x 750-fo- ot In both these ventures, Stand- ard has a 50 per cent interest. URC Is operator on the Mamie and Standard is operator on the venture and recovers costs before net profit operating division. The companys acquisition of the Newmar Mining Co. through issuance of 897,367 shares of Stand stock is being followed up with a developmental program at the Crested Butees, Colo., district. Newmar, an Col-U-Me- x lead-silver-zi- nc recently acquired copper mine in Gila County, Ariz. The plan is to establish a ton leaching plant if exploration discloses an ore body in the 20,000 ton range. The company has signed a contract with Pacific Northwest Pipeline Corp. covering delivery of natural gas from its Garmesa 40-5- 0 Dome pool In which it shares interests with Beehive Uranium Co., Grand Junction, Colo. The contract has not been returned to the firm by Pacific, however. |