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Show MARCH 16, 1970 OIL & MINING JOURNAL Bullion Monarch to reopen old Whitecaps Nev. Bullion of 10 per cent of lump antimony Monarch Co., a ore in the old mine's east and exploration workings, while records state the development corporation, announces it is presence of 33 per cent deposits reopening its White Caps Mine at in the westerly portion which is Manhattan, Nevada, and foresees presently obstructed by debris. The White Caps was originally early mining of antimony ore worth upwards of $200 per ton worked selectively for gold while extensive antimony deposits at present domestic prices. Robert D. Morris Sr., were ignored as being valueless chairman of Bullion Monarch, at that time. Production of more than $6 said that current investigations have revealed extensive deposits million worth of gold ore was ELKO, multi-miner- recorded until fire caused Much of the shutdown in 1941. original machinery remains as does the 800 ft. main shaft and other extensive workings. A 10,000 ton accumulation of gold ore running 3.5 ounces of gold per ton was abandoned in the stopes at the 1,000 ft. level according to old records. al While the mine is dry to 400 feet, pumping will be required Charlie Steen hies uranium claims near Kanab, Utah Charles A. the money for the drilling and Utah first uranium Americas Steen, my expenses while in the field, millionaire who is fighting in he said. The claims were filed under bankruptcy court to save his Charles filed the name of CASEX 350 fortune, last week mining claims with the Kane A Steen Exploration Co. of County recorder at Kanab, Utah. Abilene, Tex. Steen is a limited His sons, Charles and John, partner. Steen said he came by his filed several hundred more. find accidentally when a latest Steen admits he wont know wildcatter whose office is on the worth of his claims for at the same floor of the building least a week. I know I have uranium, but I which houses the CASEX office dont know whether its showed Howard Davenport,somea general partner in CASEX, commercial or not, he said. I made a handshake deal logs of three wells drilled while with some Canadians to put up looking for oil and gas. The logs registered KANAB, I radioactivity at various depths. The next step is to drill to the level and remove a 2,600-foo- t core sample between there and the surface. Then have an idea what worth from a Geiger counter, he said. But Im not 111 its saying I have commercial ore. Im not information releasing any until I have it Lake assayed in Salt City. So whether Charlie Steen has . struck it rich again wont be known for a week or 10 days. He says he wont mind waiting. . Serving the 5.L. Area 35 Years sasj m office pysnsiTuisE BOWERS & SON WAREHOUSE STORE ENTER AT SAVE 63S SOUTH STATE $$$ Direct From Carload to Warehouse to YOU Sale for limited time only. All items Cath A Carry. CONTEMPORARY STEEL DESK FILING CABINETS Only $99S Letter-Siz- e Mir, ktit itui risistiit toe Fill UfpnNiN Mi Irmr UHtm Mtiili Fill tfrfwir Tm. klick ckitMC left ' to Boulder Dam, indicate Bullion Monarch will be able to reopen the White Caps Mine and begin mining antimony for nominal cost, Mr. Morris said. Antimony is widely used for its hardening properties in lead alloys for storage batteries and antimony ore sells at a premium over the concentrates because it is more easily processed. Currently lump antimony sells for about $1.50 per pqund. Bullion Monarch has an extensive history in mineral exploration with an interest in 19 mining properties including deposits of silver, gold, lead, copper, uranium, barite, mercury and sand and gravel. Two other firms now are Two firms are trying to extract magnesium chloride engaged in minerals recovery from Great Salt Lake without from the Great Salt Lake with having to go through the cost of magnesium chloride as an important target. Both are using preliminary solar evaporation. Minerals Homestead Corp., or will use solar evaporation on Denver, has contracted out large ponds as a preliminary research for a direct catalytic recovery step. They are Great precipitation process to Hazen Salt Lake Minerals & Chemicals Research Inc. of Golden, Colo. Co. on the northeast side of the Austral Oil Co., Houston, is lake and National Lead Co. on pursuing parallel research by the west. Wardell Leisk, chairman of recovery in a heat exchanger and will set up a small pilot plant at the board of Austral, said Austral's process involves Ogden, Utah. the lakes brine water chemicals that would trigger precipitation of the specified end products. This would be done in a vessel at controlled temperatures. The big problem, he said, is designing a vessel that would resist corrosion or formation of scale. Elimination of solar ponding, according to Homestead and Austral, would considerably cut the cost of recovery. seeding Homestead, through its with certain Potash Co. of This CORINNE, Utah northern Utah town, once known as the 'Chicago of the West,' whose streets were literally paved with gold, began its second century last week. There was no fanfare to mark the centenniial. Known as the Gentile City of Utah (gentile meaning Corinne was ), founded in charter FEb. incorporated There is File in other alloys. The lump Mineral firms eye shortcut at Lake non-Mormon- Letter-size- d 77? power from existing power lines Dix R. Tumbow, presidnet of Homestead, said the aim is to produce a magnesium chloride suitable for electrolytic cells for production of magnesium metal, chlorine and calcium sulfate. WAREHOUSE FLOOR MODEL vm-STecg- D workings and machinery, ready together with the electric of cheap availability subsidiary, Utah, and Austral jointly hold about 200,000 acres under lease or option on the north part of the lake. QU ALITY AT A FAIR PRICE Bowers A Son below that level. The relatively good condition of the old 1869, received its 18, 1870 and was the following day. little around the - town to serve as a reminder that it was once a busy crossroads for rail, boat and wagon transport. Or that a smelter once operated here from which gold-ric- h slag was used to cover the streets so heavy freight wagons and other vehicles wouldnt mire in the gumbo mud. When smelting carloads were reprocessed yielding $20 of gold to the ton. $2995 Knocked Down Securities School STENO CHAIR 14" Preparation for State securities Test and N.A.S.D. Test. SWIVEL EXECUTIVE MODULAR MULTI-PURPOS- E CHAIR eCMMKiil i Mick e In ikod limine. ll e MjistiMt Place: kieM itoasioo cntin Mir, Filhr Iflukcd iIimihm lets 1 Miny sold it M.50 Iwit Mail rati lint My Ml Know iiiyuM cIhmm Miim muMi lift 1245.? KMClfNlMI PICTURED & MMY ABOVE or just a few of thw thousands of stock: wood dosks in bargains stool desks, wood and stool chairs, files in ell sizoi, reception noting, tables. Prices shown are coih and carry. Dclivory and tormi alto available. xomplat Registration: March 23, 4:60 P.M. THIS WEEK ONLY CUN Room 320, Boston Building UfttrifiMkiRNiatanu . SwiUr 11. Skm Conducted: MARCH 23, 24, 25, 26 Time: 4:00 to 8:00 P.M. Nniikydi tack dotkuat elotd, non. methods improved in 1880, the slag was shoveled up and 20 railroad ntNrr or rets parkino south ofstori FRIDAY YILl KASY TERMS OPEN MONDAY A Home and Office Furniture All materials furnished Instructor-Pa- ul and SOS 638 SO. STATE O 355-533- Barraco Phone: or 487-664- 7 521-677- 6 0 n |