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Show June 30, 1969 OIL & MINING JOURNAL Page 5 Hunt for minerals gets modern aid GOLDEN, Colo. Companies hunting for mineral deposits now have available a pool of geochemical expertise from which they can draw needed capabilities or obtain complete exploration service. of Dr. Tony direction Andrews-Jonehas s discovered already new commercial uranium deposits. "We foresee an increasing diamond drilling program underway the past two years to find new ore bodies at the Silver Star Queen Mine has resulted in a reduction of the work force at the mine. Federal Resources Corp., operator, said the ore reserves at the "Queen are fast becoming depleted. The diamond drilling program in the past two years has not uncovered new ore bodies; drilling results on the Minnie Moore vein have located a vein structure below the fault which cuts off the vein in the old Minnie Moore mine but drill hole intercepts have not found commercial ore. Should commercial ore be located it will probably mean that a new shaft will be sunk to more economically handle ore Leasing and Development have started companies work on a joint venture on tungsten property about two miles southwest of Cherry Creek, Nevada, according' to Mathilde Ruggles, a freelance writer from Cherry Creek. Eureka Mine west of Hailey and although to date several small ore bodies are being developed and mined , nothing of Mine Manager and materials, Campbell told the Wood River substantial size has been Journal at Hailey. developed, Campbell said. DRILLING on the Queen "Progress to date has been vein system got underway only encouraging and the operation recently and insufficient results for the forseeable future will have been obtained. continue on a one shift basis Federal is conducting a employing about ten men, he limited mining operation at the said. Mrs. Ruggles said the property includes 10 Yellow Jacket claims and two Lucky free prospectus-booklet- s tell the facts about the charming Strike claims owned by Joe Salvi of Cherry Creek. The Silver Ridge Co. is doing the development work on the property and the Reedy Leasing and Development Co. will perform the mining operations with Frank Reedy Sr. serving as superintendent. Parson Construction Co. has been hired to do the dozer work, according to Mrs. Ruggles. Work began June 2 in the area which is well known for its high grade tungsten ores. Several types of tungsten ores are found in the area, but the principal ore is scheelite. Scheelite is a glassy, sometimes transparent ore of generally light color and streaked with white. It is found in quartz veins or at contact of igneous rocks and limestone. It is the most important U.S. tungsten ore. mutual funds Channing Channing Channing Channing Channing 866 5th Salt Lake City, Utah 84102 Phone: (801) James E. Reed, Div. Mgr. Growth Fund Income Fund Balanced Fund Special Fund Common Stock Fund Name. Address. NR 10 PUNS AVAILABLE ROBERT M. Phone maPS, 484-855- 550 WEST 17 P. 0. & Manager Bax 687 - Salt. Lake Citjr. Utah not-for-prof- it with two large laboratory complexes located at Golden. The Institute offers extensive research capabilities in the fields of mining, petroleum, and metallurgy. Its geochemical laboratories use atomic absorption, colorimetry, microprobe, and other techniques to maintain standards of analysis. THE GEOCHEMIST may knapsacks and make preliminary tests in the field, may have crews collect samples for test at his laboratory, or use both methods. The Institute can plan and carry out complete exploration programs with field parties and laboratory testing. Alternately, it will work on specific phases as desired by the industrial client. Geochemistry was used by the U.S. Geological Survey to detect the gold deposits at Cortez, Nev., which seem to be ther first U.S. gold discovery in a half century to warrant major commercial development. . The USGS teams which accomplished this operate out of extensive laboratories leased from the CSM Research Institute at Golden, but have not with the connection Foundation's own geochemical service. Firms interested in information may obtain it by at contacting Dr. Andrews-Jone- s the Colorado School of Mines Research Institute, P.O. Box 112, Golden, Colo. 80401, or telephone (303) 1. In exploration JUNE 3 , 1969 high load chemical kits into NEW ISSUE TONOPAH, Nev. Neaves 10,000,000 Shares Common Stock Petroleum Developments of Minerals Development Corporation into the second phase of its exploratory program in the Beverly Hills, Calif., has entered Divide Mining District, James A. Marsh, chief executive-mining, for the Utah Corporation) (Par Value $.05 Per Shire) (A - $.05 SS Thii offering U made by At itsuer to bona fida widen ti oftha Slate of Utah only puruunt to a claimed exemption from legiitntion from the registration require-men- ta ofthe Securitiea Act of 1933. Thie announcement is neither an otter to tell nor a lolicitation of an offer to huv any of these securities. Copies of the ottering circular may be obtained from the undersigned authorized agent ior sale oi shares, FENTON G. QUINN 804 Newhouse Bldg. Salt Lake City, Utah 84111 359-266- Neaves Co. has announced. 3 i SOUTH a Neaves cnlers Phase Two Telephone: 1 Institute is corporation Tbit announcement it neither an offer to sell nor a Solicitation of offers to buy any of these securities. The offering it made only by the Offering Circular OFFERING PRICE CHICAGO BRIDGE IRON CO. Formerly named the Colorado School of Mines Research Foundation, the 279-258- CHANNING COMPANY, INC., 363-100- 6 a technique, can be used as the 49er used his gold pan, to follow stream samples back to the mother lode, or it can precisely define the halos of chemical clues which surround many ore bodies. g spectography, spectrometry, the electron new 2 Firms begin joint tungsten venture The Silver Ridge and Reedy GEOCHEMISTRY, fluorometry, emission mass Ore depletion perils Silver Star Queen HAILEY, Idaho Failure of a atomic fuels continues to grow, Dr. Ponder said. super-prospectin- Active for 21 years in mineral exploration on a project basis, the Colorado School of Mines Research Institute now has established a comprehensive geochemical exploration and laboratory service, Edwin H. Crabtree, Institute Director, has announced. Dr. Herman Ponder, Director of Research, Mining Division, said that an expanded service begun last fall under the AN UNUSUAL geochemical technique demonstrated by geologist Nicholas Saum tests, not soils or sediments, but air taken from the bottom of a shallow boring. Radon gas it contains has turned out to be a clue to the presence of uranium. Photo by Colorado School of Mines. need for geochemical capability as the demand for metals and OFFICE HOURS 8:00 A.M. to 8.00 P.M. It also was announced that Nye Minerals now is. associated with Neaves in the exploratory program. Approximately 9,000 feet of bulldozer trenching was completed on properties in the first phase, and 1,600 samples were shipped to an assay office in Salt Lake City. Marsh said returns so far are encouraging as to silver and gold content. Phase two will consist of a preliminary drilling program to test for silver and gold at depths of about 200 feet. |