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Show May 5, 1969 OIL & MINING JOURNAL Page 4 Gold, Silver, Murcury Nuclear Corp. Diversifies RIVERTON, Wyo. While it and upgrade various types of minerals including gold, silver, will maintain its principal interest in uranium. Allied mercury, copper etc. Nuclear Corp. is diversifying into gold, silver and mercury properties because of the probably increased prices for these metals, Vern Hughes, president and chairman, said in a letter to stockholders. Hughes also announced that the annual meeting of stockholders will be held at the First Guaranty Savings and Loan Bldg, in Riverton at 10 a.m. May 24. On March 18, Allied purchased the exclusive for a manufacturing rights patented ore processing machine known in the industry as a Gyra-Sa- n Beneficiation Unit. was developed and The Gyra-Sa- n Arnold Phippen of patented by Denver and is used to process PORTABLE SAMPLING instruments that can be carried directly to the site render a valuable service in the advance detection of explosive gases and other elements at the Nevada Atomic Test Site in Mercury, Nev. In the picture above, a miner at the Nevada Atomic Monitaire Test Site is equipped with a midget impinger and combustible : Sampler. The portable instrument measures toxic and gases and vapors, radioactive dusts, fumes and mists and air pollutants. It is used in tunnels, shafts, equipment rooms, open work areas and shops. M-S-- A Mundt bill asks for U. S. gold WASH Mundt (R-S.D- ING .) has introduced a bill, S. 1826, which would the General Services authorize Administration to buy and stockpile newly mined domestic gold for space, defense, and emergency uses. It has been referred to the Committee on Banking and Currency. The bill provides that the federal government would buy up to 20 million ounces of gold at not less than $45 an ounce or not more than $75 per ounce, all of it to be assigned Lo the stockpile. MINERALS DRILLING INC. SENATOR MUNDT, in introducing the bill, said its purpose is not to provide for a revaluation or a higher price Tor gold, since action in such direction will not be initiated by the Congress of the United States, but will occur, when it does, as a result of action taken by international conferees at the IMF. Min Dsvslopmsnl and Exploration a Contracting Sarvlcas The purpose of this legislation. Senator Mundt continued, is to provide for Federal financial incentive Lo domestic gold producers induce increased anuuil Cora Drilling production and to show the relationship of gold to tiv internal affairs of the United Fully Equipped tor .Stales. NEW YORK Charles F. Barber has been elected president of American Smelting and Refining Co. He replaces Robert D. Bradford, president since 1963, who is retiring after 43 years of service with the company. The action was taken at the regular monthly meeting of Asarcos board of directors and was announced by E. McL. 'Httmann, chairman of the board and chief executive officer. Ely, Nevada (VOS) 280.2126 Salt Lake Office: Cascade Energy Wietala SOIB Unlv. Club Bldg. ISO E. South Temple A (SOI) S 63 2771 subsidiary with the name Allied Research and Development Co, Hughes continued. wholly-owne- d STOCKHOLDERS were told that a lease has been signed on the Bonanza Bar gold property in Idaho, and an. option agreement has been signed covering almost 900 acres in the Gros Ventre Area near Jackson, well-know- silver property n north of Sun Valley, Idaho, and there is a possibility of both silver and gold production from Allieds holdings near Goldfield, Nev. Encouraged by the increased price for mercury, Allied took an option to purchase a mercury property near Santa Barbara, Calif. The next move was the signing of a agreement on March 31 on the Franciscan property near San Francisco, Calif. Small amounts of mercury have been produced from the Franciscan using a pilot well-know- n plant approach, A Hughes production reported. operation designed to mine and process 400 tons of four pound ore per day is being planned with initial operation targeted for June 1. General of the United States. He was elected a director and vice president in 1959 and executive vice president in 1963. A election by the board of directors of the following University and the Harvard Law School, Barber also served five years in the U.S. Navy during World War II and received a Federated Metals Division, graduate of Northwestern degree in International Economics from Oxford Tittmann also announced the officers: Allen L. Hatch Jr., 49, as vice president; Robert A. Kenkel, 49, vice president, replacing Aubrey M. Callis who is retiring after 41 years of service with the company; Robert J. Plumb Jr., 40, as treasurer; Forrest G. Hamrich, currently vice president and treasurer, is relinquishing the latter post and becomes vice president (finance). Also, Alexander J. Gillespie Jr., 45, secretary and general counsel. In the latter position he replaces R, Worth Vaughan who is retiring after 32 years of service with the company; Homer Q. Stringham, 59, as comptroller replacing Howard L. Goodenough who is retiring after 32 years of service with the company; and Warren T. Whitley, 45, as assistant treasurer replacing Plumb in that position. Objection greets plan to buy land A U.S. Forest Service proposal to buy 86 caynon mining claims totaling 1,385 acres in Lake , Utah and Wasatch counties has drawn a cool reception from Salt Lake County Commission Chairman Oscar Hanson Jr. Most of the prime recreation and conservation land lies in Salt Lake County. In some areas the federal government owns so much property we don't have a tax base," Commissioner Hanson declared. He indicated there would be Related Services Headquarters: 370 Parhr &ve. business will be transferred to a on a AS&RC gets new chief monetary Salt t- - Rotary Drilling This phase of Allied's University in 1948 as a Rhodes Scholar. Hennebach, 48, has been with L. Hennebach, Ralph vice CONTRACTS WOULD be Asarco since 1941, except for executive president has entered into for terms of one or in service the U.S. Navy during operating ten years. The longer term been given increased War World II. He served in many and will be in contracts would guarantee responsibilities in Asarcos Western owners against the heavy costs charge of domestic and foreign capacities and in the companys plants and smelting secondary of reopening inactive mines. mining, metals operations and the New York office before being Contracts could only be entered engineering and research named vice president in charge into with those engaged in the departments of the company, of smelting and refining in 1963. He was elected a director in domestic production of gold, Tittmann also stated. 1964 and executive vice and the principal production Barber, 52, joined the president in 1966. A graduate of from a mineral property used by company as general counsel in Colorado School of Mines, 1956 after private practice in Hennebach also holds an M.S. the contractor must be gold. in D.C. and two years Industrial Washington, Management from The Treasury price of $35 an as assistant to the Solicitor M.I.T. ounce would not be affected by stockpile purchases. stockpile TO N Sen. Karl SEVERAL OTHER items of mining equipment developed by Phippen were included in the Gyra-Sa- n purchase, and it is will be planned that these used in and manufactured Gyra-Sa- n the with conjunction units, stockholders were told. Wyo. An option has been taken MINING COMPANY interested in purchasing Uranium, Silver & Copper properties Write: Code P. 0. Box 71, P-1- 11 Salt Lake City, Utah 84110 a complete study before the and Water Conservation estimated more than 75 per cent of the property is in Salt Lake County. Land county gives its blessing to such a purchase. Commissioner Royal K. Hunt later found the county took in on $489.75 in taxes on that Act. the county would get 25 per cent of the fees paid by persons using the facilities. Forest said few areas of the nation get as much year round use as this land. property last year. It also was brought out that The proposal, currently under negotiation with Great Western Mining Co., would add acreage at the head of Big and Little Cottonwood, American Fork and Snake Creek to the Canyons Wasatch National Forest, George W. Tourtillott, forest supervisor, said in a letter to commissioners. "This land lies east of Brighton, south along the crest of the Wasatch Mountains between Brighton and Albion Basin above Alta and east to the head of Snake Creek and American Fork canyons," Mr. Tourtillott explained. "If acquired, the land will be developed as needed for oublic recreation," the forest supervisor said, noting funds for the purchase would come from the He Presenting the proposal to county commissioner for "their blessing," Julian Thomas, forester with the Wasatch National there are few areas as vital for their use as And, he added, watersheds. Thats why the Forest Service this the highest of priorities," Mr. Thomas exr is giving plained. The which still proposal, must be approved by stockholders of the mining company, includes four lakes - Catherine, Martha, Mary and Dog Leg, Mr. Thomas said. "Thousands of people enjoy these lakes yearly," he continued, adding that private ownership could deprive them of that pleasure. "The public in general doesnt realize that much of this vital watershed has been in private 1880," Mr. ownership since Thomas said. |