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Show THE WESTERN MINERAL SURVEY Face 4 Friday, August 9, 1957 Committee to Draft Policy Views Washington, D.C. A nation wide committee has been named by Howard I. Young, president, American Zinc, Lead and Smelting Company, St. Louis, Missouri, president of the American Mining Congress, and L. F. Pett, general manager, Utah Copper Division, Kennecott Copper Corp., Salt Lake City, Utah, chairman of the West Western Division of the Mining Congress, to draw up a Declaration of Policy representing the mining Industrys views on national issues of major importance to the industry Declaration will be mitted for the industrys consider--' atkrn at the 1975 Metal Mining and Industrial Minerals Convene tion of the American Mining Con gress at Salt Lake City, Sept, 9- -' sub-jtatio- ns; 12. DAY MINES shot up 35 cents a share in three Spokane Stock Exchange sessions to $1.65 a share. There were sound reasons . . . The vein recently discovered in the firms Dayrock mine now has been opened over a strike length of 340 feet and a height of 70 feet, with all faces still in ore. And what ore! It has an average of nearly 21 percent lead and 7 ounces of silver over a width of 4.6 feet. No wonder it is named Bon The Galena mine anza vein Asarco Mines (Day is yielding a very satisfactory ore. return from silver-copp- er 75) 25, The Gold Dollar mine at Republic, Washington, is proving more productive at lower levels than upper levels. DAYBREAK URANIUM geologists and Atomic Energy Commission personnel worked all week at the Lowley Lease in the Spokane Indian Reservation better program of exploration, development an d production. There is nothing to rumor that the property is to be sold. Management is quite optomistic over results to date. This is primary-typ- e uranium ore . . . Meanwhile, stockpiling of auturite continued at the firms Mount Spokan properties, and it was reported that space for 1000 tons of ore will be available for Daybreak ore at all times at the new Ford processing plant. THE URANIUM PLANT owned by Dawn Mining (51 Newmount 49 Midnight), made final test runs preparatory to start of full circuit operations next week. Ca- Kenneth C. Kellar, attorney of ment Expenditure Henry B. been South has Lead, Dakota, Fernald, Loomis, Suffern & Fern-aid-. named chairman of the ResoluNew York; Gold Silver and tions Committee for the ConvenD. H. McMonetary Policies tion. Laughlin, president, Hamestake A number of subcommittees Mining Co., San Francisco; Public have been appointed to give ad- Lands Policy W. Howard Grey, vance consideration to the indus- attorney, Ely, Nevada; Mine Fintrys views, wich are currently be- ancing C. Jay Parkinson, Anaconda Aluminum ing submitted to the American Mining Congress by mining men Co., New Yark; Water and Air Miles throughout the country. The sub- Pollution and Land Use committees and their chairmen P. Romney, manager, Utah Mining are: General Policy Kenneth Association, Salt Lake City; Mine C. Kellar, Kellar and Discoll, Safety R. T. Elstad, president, Oliver Iron Mining Corporation Lead, South Dakota; Labor Deni- - United States Steel Corp.,. Duluth, Social Security son Kitchel, attorney, Phoenix, Minnesota; Government ReorganHorace M. Albright, Ariona; Long Range Minerals ization Policies Richard A. Young, U.S. Potash Company, Division of American Zinc, U.S. Borax and Chemical Corp., Lead and Smelting Co., St. Louis, New York; Uranium T. O.Evans, Missouri; Taxation and Govem- - cheif mining engineer, Atchison, Topeka and Santa Fe Railway Company, Prewitt, New Mexico; Solid Fuels L C. Campbell, Fuel Association, Pittsburg, Pa. vice-preside- nt, Vice-preside- rft, The full Resolutions Committee will meet in Salt Lake City on September 7 and 8 to draft the policy declarations in final shape ation subsidiary of. CALLAHAN for consideration by the Convention. The report of the ResoluD , and VULCAN tions Committee will be submitted R-LEAD, has passed the in sections, at appropriate points nriiark in a 1000-fodown- during the convention sessions, thus allowing full attention to Snowhole lo test the early-da- y be given to these important instorm mines copper-silvzone. dustry policies. Nqz hole will probe beneath the Silver Cable structure which aljio 'ytelded production near the ZINC-LEA- SILVE- 600-fo- ot ot er New Oil Sites Utahs oil rush skyrocketed same period last year. Thus far drilling statistics in the first 6 28 wells (are producing oil, 96 are months of 1957, to fig- still drilling, three are producing according four are shut down and 29 ures released Tuesday by the gas, plugged as unproductive. Utah Oil and Gas Commission. Meanwhile, the Utah Oil and Number of wells drilled be- Gas Conservation Commission tween January and July doubled was handed a string of eight new over the same period in 1956. locations, most of which could be Daily output climbed from 7,000 described as wildcats or field step to 14,000 barrels and is expected out projects in the oil industry. to soar to 100,000 by next sumShell Oil Co. announced plans mer, after the pipeline is built a foot in the wildcat for 6,175 area southeastern of Shadscale fornia. San Juan County about seven "Utah is just coming into its miles due south of Ismay pool. own in the oil industry, one state The prospect would be drilled 660 official said. "It wont be long be- feet from the South line and 660 fore we are up with other Rocky feet from the East line, Section Mountain States. 19, Township 41 South and Range 26 East Compared to other Mountain It is about two miles from the states, Utah experienced the bigstate line. Colorado gest increase in drilling for the first half of the year. Colorado Sinclair Oil and Gas Co. in an and Nebraska showed a decline western in new wells while North Dakota apparent step toward the the Basin of Paradox showed a moderate increase and segment with Southern Union Oil Co., Montana, Wyoming and northern a 3,150 foot Hermosa-Parado- x New Mexico remained about the launched and Mississippian wildsame as 1956. cat at 590 feet from the ' North But the number of new wells line and 780 feet from the East in Utah skyrocketed 50 per cent line, Section 32, Township 38 over last year. Between January South and Range 16 East. It is and July 1956 wells were sunk on what nominally is regarded in Utah, compared to 74 for the as a Utah state school section. . Forest Oil Corp. proposes a northern Garfield County wildcat to the Navajo sandstone at 4,970 feet from the South line and 690 feet from the East line, Section 1, Township 36 South and Range 4 West It will go to 5,500 feet. Shell Oil also scheduled additional step out wells at North Desert Creek Pool, San Juan County; Standard Oil Co. of California located its 65th well at Red Wash Field, Uintah County, and Continental Oil Co. is apparently seeking to widen its pool at East Aneth, San Juan County. Superior Oil Co. placed a new SALES development wel lat Aneth Pool in the same county and another Bullion Monarch 500 at .38 Columbus Rex. 14000 at .25; 6000 at .24; test at East Desert Creek Pool. 15000 at 8500 between Four Corners and Cali- Salt Lake Stock Exchange surface. SUNSHINE was ready to put its Ocean City, Wash., discovery Thiniiy, August well on production test. A. F. Liated Steeki WYNN, manager of their Petroleum Division, was very optimistic today. He said, "Preliminary pro- Bonus Oil ft Mor. duction tests are being made now, and we are going to produce it, The Seattle PI gave the Spokane Central Std. mining firm a good spread. Said Chief Coni. Warrants it studied the Grays Harbor area for six years before spuddin its first "wildcat; pointed to Sunshines experience in oil and interests in 180 wells in the fan- Comstock Uru. ft Oil tastically rich Pembina field in Crescent Canada. The article said that if the well turns out to be the states Dragon firtt producer, it could bring in S. Cron al and allied indus- East Tintic Coaln. 8, 1957 at .23; 4500 at .33; .23; .22; 1000 at .23; 1500 at .22; .23; 8000 at .23 Comstock 1000 at .21; 500 at .20 Cons. Eureka 1000 at .60 Croff 2000 at .07 East Crown Point 3000 at .08 East Standard 1000 at .07; 2000 at .0614 East Utah 150 at .15; 1000 at .1314 Eureka Stand. 1000 at .23 New Quincy 163 at .07; 800 at .06 Pk. City Con. 3500 at .0914; 1000 at .10 Silver Stand. 3000 .03; 7000 at .0314 Sundance 500 at .20 Tar Baby 3000 at .13 Western Alloys 1000 at .02 Willis ton 2000 at .17 6300 5700 petro-chemic- tries and create on industrial with accompanying population boom. . . Look for Sunshine Vo increase capitalization and use stock instead of money to trade for ground. rev-aluti- on at at at Gold CURB SALES Columbus Rex. 4000 at .32; 11000 Cons. Eureka 1100 at .60 Dragon 500 at .9714 GRANDVIEW should see action Kennebec soon on a section of ground it Leonora has leased to another firm north Little May of .the1 Spokane Indian Reserva- Majestic Oil ft Mng. tion. The lessee has been grantMono Kearsarge ed a$34,470 DMEA loan for a Moscow $45,960 project to check on very promising indications resulting , East Utah New Park Sundance 1000 200 350 URANIUM New Park pacity of the $3,000,000 plant willja ifsampling be 400 tons daily 100 tons of which4 CLAYTON SILVER is starting No. must be purchased from ttttier a new $130,840 development procustom basis. a on producers gram, and the DMEA has just MINERAL MOUNTAINS granted them a $65,420 loan. wait for action came to an, Piute Uru. Corp. end. POLARIS is starting at oncer SUDDENLY BRIGHTER were to drive to the MM area from its prospects for congressional action Prince Cons. Chester lateral at a depth of 3000 at this session on the Administration-bCoaln. zinc-lea- d tariff bill. Royston feet. The work will gain 1700 feet acked Silver King Wei of depth. No. 1 objective, a strong Opening of hearings before the Silver Shield vein structure which wasnt com- House Ways and Means Commimercial where opened by Polaris ttee found Administration spoke- So. at the higher level in 1946, is ex- smen solidly behind the measure. pected to be cut in some 1500 feet .Even the State department, blam- Tar Baby of tunneling. SILVER DOLLAR, ed for blocking industry attempts SILVER CHIEFTAIN and CHES- to put through a similar bill sevTER MINING should benefit from eral years ago, favored enactment. this exploration. FOR SALE OR LEASE TRANSACTIONS at the Spo to kane Stock Exchange in July URANIUM MINES Mine, also Copper property extending 'easterly taled more than 500,000 shares Mine in Nevada for lease or. sale. from the Silver Mountain deep worth nearly $750,000. The dol Good record of production. development project of Heda and lar volume was nearly 408 Ness Building Bunker Hill also is seeing its of the total for the year to date EMpire deepest exploration. PINNACLE and nearly triple the June fig Salt Lake City 1, Utah Exploration of New York, explor- - ure. .23 .13 1.10 .20; 850 at MACHINE TOOLS for ludusfry TODD Machinery Co. 140 W. 2nd South at at at at Heavy Dufy .20 QUOTES ' Report! on Plneco, Atlai, Zuma, Lutah - 11-y- two-mile-lo- ear ng Gold-Silv- er CROMER BROKERAGE CO. . one-thi- rd Suite TWX SU-1- 80 3-- 4 Salt Lake Stock Exchange Building. 39 Exchange Place Salt Lake City, Utah Telephone EL |