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Show Bulk Rate U. S. Postage 1 ,i - tAl 1NIY Cedar City blasts to test shock effects The Air Force was scheduled to begin a series of high explosive blasts near Cedar City last week to stimulate the shock effects of nuclear blasts. Eight tests are to be con ducted in April, May and June. The Air Force has carried out similar tests in New Mexico in limestone formations. The Cedar City explosions are to be set off in granite. L ast week's test Involved placing explosives directly in the ground. Later the techniques will involve the placing of racks of primacord. a rope -- like explo Utah Essb$ 71970 sive, over the test bed. An overburden of dirt will then be placed on top of the explosives to focus the force of the blast into the earth. The explosion will travel PAID a- - PfBfc. ned rate to produce a traveling an atshock wave similar to mospheric nuclear explosion. The Air Force said no nuclear explosives will be used. i. : ' - jr A; i r j Vol. 1 Salt Lake City, Utah No. 9 April 28, 1969 Golconda Mining seeks Hecla halt Golconda Mining asked has superior court Corp. to permanently restrain Hecla Mining Co. from proceeding with development of a multi-milliSPOKANE on dollar Arizona copper discovery. Golconda asked the court to prevent Hecla from issuing one million shares of common stock to El Paso Natural Gas Co. for a half interest in the proposed $100 million copper project. Under Heclas articles of in- corporation, Golconda contended, any director could block issuances of new shares. H.F. Magnuson, Golconda vice president and outgoing Hecla direc tor, opposed development of the copper find. Magnuson said in the complaint that because of the dissenting vote the shares could not be issued without amending Heclas articles of incorporation. Such action would re- quire approval of of all outstanding stockholders. The suit also asked that actions taken at Heclas last board meeting in Phoenix be set aside. Magnuson was dropped at that time from a slate of directors offered for election at the antwo-thir- ds nual meeting scheduled in Spokane May 29. The suit alleged Hecla was attempting to deprive Golcon da and other shareholders opposed to the copper project from representation on the Hecla board by straight line voting and denying shareholders the right to cumulate their votes for election of directors. It asked for a declaratory, judgment that Hecla sharehol- ders have the right to vote cumulatively for a director. Golconda has been fighting to stop the copper venture since it was proposed last February. Golconda claims the heavy financing costs of the project, and the expansion of Heclas capitalization from 4.9 million to 5.9 million shares would dilute earnings for many years. 2 sold bricks behind CARSO Nev. Nevada CITY, will have no N problem this year regaining her place as second largest 50 gold-produc- among the er states. She lost out last year. Two brick-size- d pieces of gold would have made the difference, and Utah wouldve been in thir place. South Dakotas Homestake Mining Co. is the largest single and Nevadas Carlin Mine is second. gold-produc- er South Dakota produced $22.6 million in gold last year, and Utah scrambled into second place with $13.4 worth. Nevada had just under $13.3 in gold production, something else that can be blamed on the copper strike. Jim Barrows, city editor of the Last Vegas Sun and author of a mining column, said that if his math is correct, a cubic inch of gold weighs 11.1 ounces and - is worth $388.50. Two brick sized hunks, he figures, would have put Nevada ahead of its neighboring state in gold production. a projected 40 megaton underground blast In western Colorado will have no effect on Utah mining opera- tions. Paul Rattle, manager of the Utah Mining Assn., said he has been told by the AEC that the ground shock of the explosion will rapidly dissipate. Any problem areas will be radlous of the within a site near Grand Valley, Colo. The nearest Utah operations uranium, gllsonlte and potash-- are about 100 miles distant. At the time of explosion, the AEC will evacuate any mines within the area, he said. timbered and It has already 25-m- lle 25-m- lle William (Buck) Jones, left, who survived an eight-da- y entombment in a Lark mine, is a Distinguished Youth Service Award by Bryant H. Davis, president of the Utah Civic Bovs Assn. Jones was selected because of the example he set for the young people of the state, Davis said. pre-sent- ed . shored up existing mines. The blast tentatively is set May 22 near Grand Valley, Colo. The explosive, Imbedded some 8,500 feet deep. Is calculated to fracture tightly compacted undeground formations to stimulate the flow of natural gas. A similar test was conducted near Farmington, N.M. in 1967. CMA asks Ike coin DENVER A change in the U.S. Treasury policy is asked in a resolution passed unanimously by the Colorado Mining Association board of directors at their meeting Friday. The resolution asks that the Treasury immediately cease the sale of silver, that the minting of a silver coin begin immediately design commemorating Dwight D. Eisenhower, and that all present Treasury reserves of silver be held for strategic and future coinage use. in a new Evaluate 'old oil well Flying Diamond Land & Min-ra- ls Corp. said last week it s trying to evaluate a well east f the Bluebell Oil Field In luchesne County which has al-ea- dy flowed 11 In a 12-ho- ur 405 barrels period. of cannot now be determined and more extensive tests are needed, the company sad. The firm moved a completion rig to the location April 11 and on April 17 perforated the zone which later produced we would prefer a dollar as the Eisenhower coin, would reaffirm the strength of the United States monetary system. After every Tuesday- sale of silver by the U.S. Treasury, the price of silver dips. More than two million ounces weekly are sold by the Treasury- and the United States will have no silver for either strategic or coinage purposes unless this false market is ended, according to Frank McKinley. - - - McKINLEY ALSO commented that past sales by the Treasury have been limited only to certain bidders and the PRESENTING the resolution were members of the gold-silvcommittee, Frank McKinley, Gavin Young and Max Coats. Douglas V. Watrous, CMA president, in commenting on the public at large has been Treasury get out of the silver market. In addition,-whave a firm belief that a silver coin and benefit the world monetary er The Wesley Bastian No. 1 well, about eight miles north of Roosevelt, produced after being acidized to stimulate the flow of oil, company officers said. Significance of the flow rate . . -- Utahs mining safe Project Rullson Valiant Miner Wins Youth Award prohibited from bidding on the inventory which the public, in fact, owns. There are many reputable men available to the Treasury to assist in this transition from the silver market adoption of the resolution stated, "There is a wealth of information to support our and the public and CMA urges that the position with grave concern, appreciates, make use of respected our strong request that the Treasury individuals, with no ax'to grind, to help in action which will system. |