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Show April 28, 1969 OIL & MINING JOURNAL Page 4 AEC notes uranium reserves jRAND JUNCTION The Atomic Energy Commissions ofrefice here pegs uranium-or- e serves OGDEN Edward R. been has named marHayes keting vice resident for the Great Salt Lake Minerals & Chemical Corp., (GSLMC) said Harold J. Andrews, pres1 ident. cent of U(3)0(8) or about 000 tons of the uranium oxide. GSLMC is currently developing a $30 million complex to extract lithium, potash and magnesium chloride from the brines of the Great Salt Lake. Its facilities are located near Little Mountain. Robert H. Allen, president said Hayes yellow cake the new reserve estimate because work was not sufficiently advanced. Following are recent Executive Office of the offered by U.S. Department of Commerce, publications Clearinghouse for Federal Scientific and Technical Information, Springfield, Va. 22151. Unless noted otherwise, A of Gulf Resources, 161, ratio is reckoned recoverable at $8 a pound or less. Reserves increased despite the fact that some 13,000 tons of uranium oxide were delivered to mills during 1968. The AEC noted that some 19GfLdiscoveries and developments were not Included in But Substantial it added: further additions... are expected in the next few years as a result of the large exploration effort now being conducted by the mining industry. list with urantons reserve of 72,600 ium oxide contained in 29.4 million tons of ore. Wyoming was second with 62,700 tons in 32 million tons of ore. Utah was third with 9,600 tons in three million tons of ore. New Mexico led the Federal publications available Mr. Hayes, who will be responsible for all marketing activities of the company, was formerly vice president of marketing for Gulf Resources Chemical Corp. of Houston, Tex. Gulf owns 51 per cent of the Great Salt Lake venture, with Salzdetfurth A.G., a West German potash and chemical producer, owning the rest. in the Western U.S. at 70.3 million tons as of the first of the year. This was a substantial gain over the reserves of 64 million tons for Jan. 1 in 1968. The 1969 ore reserves had an average content of .23 per Ore with this uranium oxide are $3 each for publications President, Feb. 69, 92 p. Analyzes effectiveness of microfiche. PB-1- 8 2-- 4 3 Investment in Ocean Activities, transfer to the project was an indication of the importance it held for its parent companies. the Institute for Politics and Planning for the National Council on Marine Resources and Engineering Development, features and interactions. air-se- a 525 Computer PB-18- 2 institutional Programs for existing D.B. arrangements for financing and managing multi-nation- endeavors, attention Automatic McIntyre Contouring, al investments in oceanic paper copy, 65 cents for fisheries, Edward Hayes . . . vice president sensors in surveying ocean giving particular to the fields of minerals and environmental prediction. AD-68- 4 939 Oceanography Using Remote Sensors, L.R.A. Capurro, Texas A&M Univ., College Station, for the Navy, Jan. 69, 109 p. Investigates uses of remote et of Kansas, al.. University Lawrence, for the National Science Foundation, 1968, 81 p. Presents a contour program that plots contoured maps with irregularly spaced data, trend surfaces, and residuals. 2 618 A Treatise on PB-18- Analytical Photogrammetry (Lecture Notes), G. Inghilleri, University of Illinois, Urbana, Sept 68, 203 p. Record Earnings FRANCISCO-Ne- w SAN Park Mining Co. reports' record 1968 sales and earnings. Gross for the year were $3,305,891, with earnings of $1,118,150, equal to 33 cents per common share. In 1967, sales comparable $1,514,421 in net figures were in sales and $422,441 cents per share. income, or 12 Included in both years are gains from sales of securities, amounting to 17 cents per share in 1968 and 8 cents in 1967. Not included is 42 cents per MINERALS DRILLING INC. Min t Davalopmanl New Park share earned in 1968 by Solo co (South Louisiana Contractors Inc.) which was wholly acquired last December by New Park, the company said. Simultaneously with the earnings report, George W. Day, New Park president, announced that the board of directors approved agreements to acquire three companies which recorded aggregate gross sales of $5.4 million in 1968. The companies are LOR Inc., Lafayette, La., manufacture reinforcing and structural steel and are active in steel products for the mining industry, TERMS OF THE acquisition are based on future performance of the three companies, with formulas for the combined purchase prices likely to exceed $4 million, of which $3.6 million would be in New Park' common stock and the rest in cash and notes. All three companies will operate: manufacturers of offshore autonomously under their directional drilling systems; and existing managements. Great Basin Steel Co. Inc., , Day said that New Park s Sparks, Nev., and Taylor Steel Co. Inc., Las Vegas, Nev. The record results in 1968 were two steel companies both attributable primarily to the sale CHICAGO BRIDGE & IRON CO. and Exploration ROBERT M. PHELPS, Manager Contracting Services Phone 484-S5- of lead concentrates inventory Soloco figures will be on hand at the beginning of the on a consolidated basis. reported year which had accumulated Until its recent acquisitions. during the smelter strike of New level of the Parks main source of high 1967, and to income has been its heavily gold and silver prices throughout productive most of 1968. Mayflower Mine in Utah, a source of gold, silver, DAY POINTED out that lead, zinc, and copper. The. Solocos separate earnings were company is also engaged in ihore cents 21 to recent programs of exploration $721,000, equivalent Park share. New Soloco, and development of several large per which specializes in preparation blocks of other minerals and of drilling sites for the petroleum permits in the and petroleum industry, showed western United States sales of $7,394,000. In 1969, Day said, New Park and 1968 Canada as well as in Canadas Northwest Territories. , mmdmmmmmmmmmmmmmmmmmtmmmmtmmmmmtmmesmecmsitists: McFarland - Hul linger Sid Hullinger "FET" McFarland 5I i 550 WEST 17th SOUTH Rotary Drilling Cor Drilling P. 0. Box 687 - Salt Lake City, Utah Fully Ecuippd lor Rlatd Services Headquarters: 370 Parker Ava. Ely, Nevada (70S) 289.2126 Salt Lake Oltice: Caaoada Energy A Metals 8018 Univ. Club Bldg. 188 E. South Temple (SOI) 888 8771 MININS CONTRACTORS Latest, Most Modern Equipment-Depend- able 91 5 No. MINING COMPANY interested in purchasing Uranium, Silver & Copper properties Write: Code P.O. P-1- 11 Box 71, Salt Lake City, Utah 841.10 - ORE HAULING Service Main St. P.O. Box 238,, Tooele, Utah 84074 Free Dialing from Salt Lake: 363-168- 3 |