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Show January 19, 1970 I he 3 OIL & MINING JOURNAL Shale oil experiments to begin at Laramie LARAMIE, Wyo. The first in a series of experiments designed to stimulate burning of oil shale and recovering its oil gets under way here next month. A 92-fosteel structure ot which will cook the shale already has been erected. Scientists from the Petroleum Research Center of the U.S. Bureau of Mines said a test run on the Denver-designe- d research LAS VEGAS The chairman of the Joint Congressional Committee on Atomic Energy has delivered a stinging attack on the expected Nixon Administration cutback of funds for peaceful uses of nuclear at the American Nuclear Society Conference here, will cripple Plowshare-t- he program to harness the atom to tap petroleum and mineral reserves and build dams, canals and harbors. The Nixon Administration energy. Such cutbacks, Rep. Chet told scientists Holifield, ., has seriously crippled the Plowshare program, Holifield Union Carbide locates vanadium ore Union Carbide a Corp. has small but significant discovery of uranium and vanadium about two miles from LaSal, San Juan County, Utah. Drilling has established enough ore to justify a mining operation, according to J.F. Emerson, manager of Union Carbides Mining and Metals Division, Colorado Plateau operations. However, the full extent of the ore body is not known. Engineers are now working on the decision as to whether to take the ore by vertical shaft or incline. The ore body lies at about 500 feet in the Salt Wash section of the Morrison Formation. It is just east of the Lisbon Fault as is the major discovery of Rio Algom five miles distant. tist LAS VEGAS A nuclear scientist reports good news for conservationists who fear that using nuclear explosives to build dams, canals and harbors, or for mining of natural resources, will pollute the earth with radiation. Dr. B. Clark Groseclose of the University of Californias Lawrence Radiation Laboratory at Livermore, Calif., says final tests are under way in Nevada on nuclear explosive for underground use that is virtually free of harmful radiation. Development of the explosive, he said, is the result of years of research to find the right combination of nuclear reactions, fuels and shielding. i i ii i ii i disappointed if it doesn't become commercially feasible, Dineen said. WeVe spent more than 25 years on making oil Rios discovery told scientists gathered to review Plowshare progress, by cutting the the $29.2 million requested critical fuel and mineral for Fiscal 1970 to $14.5 million. It is my understanding that there is an even greater cut in the 1971 budget, he added. Earlier in the meeting a petroleum industry expert said the United States will face development Silver Champion Mines, is at 2,300 feet in the Shinarump Formation. All of the discoveries in the area during the 1950s boom lay to the west of the Fault. Emerson described Union Carbides discovery as a typical Uravan mineral belt stream channel deposit. Such deposits have yielded 1,000 to 2,000 tons of ore a month. The discovery of ore varies considerably in samples. But the average is about one and a quarter per cent of uranium oxide and about one quarter per cent vanadium pentoxide. Inc., of Spokane reports the discovery of 12 virgin gold-silvveins in a recently completed program of geochemical testing and trenching at their Silver Bell er Mines property at Qancy, Montana consisting of 8 patented claims and 10 unpatented claims totaling 360 acres. According to Paul L Jones, Spokane mining consultant directing the exploration and development, production is possible within several weeks from one of the veins that has been traced over a strike length of 350 feet to a recently where the t vein was previously concealed by Shaft sinking is expected to mine timbers. begin in two weeks. The ore will Eight of the other veins lie be shipped to Union Carbide adjacent to old stopes that are mills either at Rifle or Uravan, estimated to have yielded about Colo. Both mills have circuits for $5,000,000 prior to 1908. One recovering vanadium values. Even cleaner nuclear devices can be built, he said, but their size or cost might be prohibitive for industrial purposes. If the tests later this year are successful, Dr. Groseclose said, a nuclear explosion equivalent to one million tons of TNT exploded below ground would produce so little radiation that permanent living on the crater lip soon after detonation would be feasible. Groseclose spoke at a meeting of the American Nuclear Society which gathered here last week to review progress in the U.S. Atomic Energy Commissions Plowshare program to find peaceful uses for nuclear energy. " Ia Personally, well be highly SILVER MINING STOCKS tare profit, potential RANGE 4c TO $40 PER SHARE Wo specielize in silver, gold end urenium stocks end selective penny mining stocks. We eccept collect cells on buy orders. J. H. DILLON & CO. W. 412 Sprague, Spokane, Wash. 992bl, Tel. 83S-443- Member Spokane Stock Exchange S shortages by the turn of the century unless it backs of underground nuclear explosion techniques What appears to be needed is the formulation of a national policy which recognizes the contribution that can be made by underground nuclear from shale cheaper and easier...thats a long time. Cameron engineers of Denver forecast a 100,000 production of oil from shale in Wyoming by 1980. recently barrel-a-da- y ( engineering in the development of natural resources, said Sam Smith, director of rxploration for the El Paso Natural Gas Co. Mr. Smith presented a paper at the ANS conference reviewing the progress of Plowshare-t- he r, $110 million effort to develop peaceful applications of nuclear explosions. 12-yea- Silver Champion finds new veins sees clean blast N-scien- a successful commercial development of shale oil hitscut in nuclear research funds Solon announced apparatus was a real success. Gerald U. Dinneen, research director at the research center, said he was hopeful the research work would eventually lead to ed cross-cu- of the stopes is reported to have contained 7 to 10 ounces of gold per ton and substantial silver values over mining a4-fo- ot Washington gold producer was recently acquired by the company. This is the First Thought Mine at Orient, WAshington. Production width. About 500 feet of old mine through 1940 resulted in gold production of $1,350,000.00 workings have been rehabilitated to provide access toward the It is the opinion of engineers new veins and construction of a who have had an opportunity to mine surface plant is nearing completion. Mine development study the mine, that there is and production are expedted to below the present workings a continue during the winter body of ore as large or larger than any heretofore discovered months. and probably as rich or richer. Silver Champion has in excess In 1939 a diamond drill hole of $100,000 in its treasury and owns outright all equipment encountered 175 feet of necessary to do the job of continuous ore below the development and placing the present level that was too low in property into production. Such value to mine at that time. It is equipment includes compressors, proposed to make a thorough liht plant, air trammer, mine study of this property from the necessary viewpoint of turning it into an cars, drills and open pit operation using modern tools. In addition to the Blue Bell mining techniques and property an early day equipment. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the offering Circular New Issue November 3, 1969 10,000,000 Shares Common Stock 8goi7D tiraeDcjy n QdoGo ($0.02 Par Value) Price $0.03 Per Share Copies of the offering circular may be obtained from the undersigned in any state in which the undersigned may lawfully offer these securities. Place 12Exchange Salt Lake City, Utah 0 Phone 521-672- |