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Show JlJjlST . <--. NON - CIRCULATING VlwMiD Us' j fh OULU Vol. 1 No. 32 : rf 0 October 6, 1969 25c per copy 'W Sponsors hail minerals bill passage - - Senate passage of legislation establishing a national minerals policy has been hailed by its as a major step in establishing policies which would encourage a strong domestic mining industry. The bill, sponsored by Colorado Sen. Gordon Allott, and by a dozen Western States lawmakers, is currently being considered by the House of Representatives. The startling truth is that we have consumed more of our co-spons- Si- ir S';-- 5 ; 'I .v. rfy s v. V"f f.fJF ; If 4? A, j." j - & V S'! 0 WASHINGTON :.A p: .. U. - - yL mineral and fuel resources in the last 10 years than the entire people of the world consumed in all history, Sens. Alan Bible and Howard W. Cannon of Nevada stated in a joint statement advocating passage of the bill. The Nevada legislators said the United States must make the only acceptable choice between being at the mercy of foreign metals imports or reactivating our once thriving domestic industry. (Continued on Page 2) Gas pressure builds at N blast site -- GRAND VALLEY, Colo. Gas pressure at the underground project Rulison nuclear test blast site has reached 1,900 pounds per square inch, an indication that the test successfully stimulated of natural gas, officials have reported. A spokesman for the Atomic Energy Commission said the pressure was recorded at the top of the 8, 500-fodeep bore on Colorado 8 western slope. They expect the pressure eventually to reach 2,400 p.s.i. The success of the $6.5 million project, part of the AECs Plowshare Program for production ot Peaceful Uses of Nuclear Energy, will not be known for several months. AEC spokesman David Miller says no gas has leaked from the test hole since the Sept. 10 test and said the radioactivity level at the site has remained normal. The blast has liberated quantities of gas, but how extensive the fracturing (of the rock) is or what the quality of the gas may be won't be known until after March 10, he said. Miller said valves capping the bore were tested at the Rulison site to withstand 3,000 p .si. and were tested by the manufacturer to hold at 6,000 p.s.i. The Rulison test was a joint venture of the AEC and the Austral Oil Co. of Houston, Tex., in an attempt to recover natural gas deep underground. " Federal Resources Corp. announced in Salt. Lake City that its subsidiary, Camp Bird Colorado, Inc., has entered into an agreement with Newmont Exploration Ltd., a wholly owned subsidiary of Newmont Mining Corp., to participate in the joint operation of the extensive holdings at the Camp Vananda Exp. gets Canada rights to Major Oil process Vananda Explorations Ltd., a Canadian company, has acquired Canadian rights to Major Oil Companys process for extracting oil from oil sands through the two companies own or lease contiguous claims. The agreement was announced meeting at Federals annual of stockholders in by Nels W. Stalheim, Chairman of the Board of Federal. Reno, purchase of Continental Resources Bird Mine in Colorado where the Nev., : s . SECTION OF MAJOR OIL REFINERY gets once over from (left to right) John B. Fairbanks, president of Major Oil Corp., Ray S. Brimhall, Major Oil board chairman, and Ellwood Bachman, president of Van anda Corp. Vananda has acquired Canadian rights to Major Oil process for extracting oil from bituminous sands.The refinery has been moved to Major Oils property in the Roosevelt-Duchesn- e area where it is expected to produce 1,000 barrels of oil per day from oil sands in the area once it is set up. 20-year-o- ld Federal Resources, Newmont ink pact " Development, Inc., Salt Lake Gty, Utah. The arrangement is subject to shareholder approval. Ellwood V. Bachman, Salt Lake City and Vancouver, new president of Vananda, said the company would acquire all the outstanding stock of Continental in exchange for 1.7 million common shares of Vananda Explorations. This is virtually all that will remain of the five million Vananda shares authorized, Bachman siad. Bachman said Vananda enginners were impressed with the Major Oil Co. process which is much cheaper than present heat flotation process used in Canadas Athabaska sands. Bachman said Vananda will also participate in application of the process to a southern Utah oil. sands deposit through its purchase of a 49 per cent interest in Inc., a Ball-Woo- d, d has Utah corporation. an agreement with Major Oil to construct a recovery plant on Ball-Woo- d bituminous sands in' southern Utah. properties Under the agreement, first until profits are the expense of they recover Ball-Woo- -- Ball-Woo- plant ds construction, and thereafter profits will be shared 5050 with Major Oil. Alan Phillips, in NATIONAL GEOGRAPHIC, estimated that Canadas oil sands contain an estimated 600 billion barrels of ice the known oil reserves oil-tw- (Continued Page 5) |