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Show V. f f - .A Ktf I - I . OF U LIBRARY ! CITY 1 METAL Features Mining, Oil, Financial VOL 22, NO. 45 Salt Lake City, November 16, 1951 J- Oil Drilling Gets Results In Basin Area Oil drilling operation in the Basin Area of Utah was at an accelerated rate this week, according to a report released through the Roosevelt Stand- Free Enterprise Vita I Key toealthy Condition of Econonomic Development .. Day Mines Pu. v Combines With AS&R S n to the project should be made directly to that agency. portunities. Inc., has taken a Sometime later another, let- 25 Day Mines, cent participating interRussia, engaged in a per ter to the Ministry of Forestry est in American Smelting and program of de- revealed that the project had Refining Company's develop-me- ht veloping its natural resourcbeen delegated to a provincial Silver Buck-- ' with project es, has some 750 million acres windbreak station for further le Mining Company, it was re- of desert land which could experimentation. Upon inves- vealed yesterday by, S. F. t be rendered productive if tigation at this time, it was Heitfeld, secretary-treasurof some method of preventing found that duplication of exper- the - ' statea brief in Mines, Day the sand from shifting was iments already successfully per- ment of the companys third formed was contemplated and quarter developed. operations, This discovery, utilizing a no effort was being made to to the Wallace Miner, according waste product and based apply the process on a commerThe .company already has a' upon ten years of successful cial scale. similar .interest in Asarcos deep . ' Thus the fruits of the innova- development experimentation, appeared to project on the shifttion been had have tremendous in lost the possibiliVulcan Silver-Lea- d 7 property, ties. ing sands of bureaucracy and adjoining Silver Buckle ground The data were turned over incompetence,. .. on the southwest. - When the al to the . InstiIf this scientist had had. ac- Asarco-Silvnt Buckle tute for large-scal- e use. The cess to' independent chemical or was concluded last Institute, in turn, delegated . petroleum companies, interested spring, it was widely assumed the project to the Central Bu- in developing markets for ' their that of the Silver ' reau of Windbreak Foresta-tio- n products, and there had been Buckleexploration would be un- - ; and. that was the last, independent farmers and ranch- dertakenproperty from the bottom of heard of.it for nearly, a year. ers interested in developing the 3000-foVulcan shaft,' the . Many months later the in- their land, this discovery would horizon where an extensive . stitute. wrote, a letter, to find have been quickly put to use. zone of lead-zin- c mineralization out what, had happened. The This story from the land of containing several veins of rela- Central Bureau of Windbreak the super planners should conhigh-grad- e ore was openForestation had turned the vince us of the fallacy of cen? lively ed last year. areas offered productive . op- tre-mendo- hand of government bureaucracy which stifles individuard. Activities at the various al initiative and ability the wellsprings of progress. locations were as follows: A story in the magazine ! Ute Tribal B No. 1 Soviet Press Translations, near Roosevelt in NE SW ila core between (May 1, 1951) succinctly See what the advocates 1946-8- 0 feet, recovered 32 feet. lustrates are talkof free, enterprise 3 A core between feet, about. ing recovered 42 feet, and a. core A young Soviet scientist, between 9033-9- 2 feet, recoverin prior to World are coring at Warthe years ed 59 feet. Crews II, discovered a method v 4111 feet. of preventing the wind from Rosemary Lloyd No. 1 (lo- shifting desert sands. It was cated in NW SW Sec. thus possible to. turn, waste is down a total of 9672' feet, land into productive use. He plugged back 9325 feet. Dis- discovered that .. a thin film placed mud with oil. Swabbed of bitumin, a waste product and recovered ' 53 barrel loads of oil production, formed a crust on the surface of sand Of oil in the first five hours In next two hours recovered so that the wind could not 15 barrels of fluid 66 to 85 blow the. grains away. ' Experiments in the sandy per cent oil, 15 to 34'per;cent desert regions of Russia prove basic, sediment and mud. Bwabbed 16 barrels .of fluid, that once' a method of pretwo per cent to '14 per cent ba- venting sand from shifting ric sediment and mud, remain had been' perfected, vast new der oil, of 29 degree gravity. Acidized with 1000 gallons of to hydromud acid, preparing' " ' .. (lo-eat- ed 20-1S-1- One Year $2.50 - BUREAUCRATIC SANDS Those who understand and wish to preserve the productive strength of our nation constantly warn of the dead PRICES Lead (per lb.) .19c Gold (per oz.) . . . $34.9129 24.2c Copper Zinc (per lb.) . . . . . 19.5c Silver (per oz.) 90.16c new mined . E) 8980-903- 24-1S-1- E) . - er . Agro-Physic- . er option-agreeme- . . ot - ! . project over to the Ministry of tralized controls and the' all Surface and underground reForestry aind noted in its letter powerful state; (Economic In- pairs and impjrpvements which that in the. future all references telligence.) have been underway at the Vulcan '. (Galena) project for the , past several months are Heitfeld reports, but are now perhaps a month befracture. ' Willis Moon No. 1 (a wildcat hind schedule owing to the two- week strike in late August and , well located in Duchesne' area early September, the shortage stakin SE SE Sec. 6L skilled employes, and diffl-- .. -location.-ing 57th for the of the Program convention, plans annual culties in securing prompt de--' ' Duchesne-Ut- e Tribal No. Northwest Mining Association to be held at the Davenport liveries of critical supplies and (located in center. SE NW Sec. t Earnings of Sunshine. Consol- iotri . in. Spokane oh Nov. 30 and Dec. 1 are rapidly nearing equipment. Crews cored be- idated,- Inc., 'for 'the first- nine net Mines Day profit for the ' completion, . according to an announcement by General Chairtween 6031-4- 5 feet, ho recov- months of this was third , are more $144,975, be- year quarter ery. A core, at 6045-5- 1 feet. ye than double those for the com- man Frank N. .Marr of Spoincome for. depletion and taxes, . covered ids feet. A drill-stekane this week. This the report indicates!; is 1 test between -. feet, parable period' of 1950, it was the less that $267,With: substantially from leaders industry, disclosed recent a in , 15 report. minutes had a gooc Nov. (Week 1951) 10, 722 reported for the comparbpen ending Washington, Utrii, Idaho, Monblow, with' gais to the surface Earnings toK September 30, tana and British Columbia, as Bingham District, Utah: able period of 1950. The decline jin 12 minutes, packer gave 1951 ' totaled $117,993, ' against well ..as. Combined Metals" Reduction is due chiefly to the strike and government officials, to greatly decreased production way at the end pf 15 minutes $49, 058. for trie corresponding scheduled to participate, the Co. 275 tons. from the Sherman mine as its. causing test to fail. A drillstem period last year. Thlrd quarter program sessions promise, to be U. S. Mines 5820 tons.. 3 y iest . between most the feet, income this gradually approaches' interesting prewas 34,714 among Co. Utah year Copper (Kennecott) a sented , recent had in four goo hours, exhaustipn Heitfeld states. years. ppm 1000-8- 5 as in the with the $42,831 tons ton milled avercars' .to surface compared during the. Dry blow, with gas. daily Many prominent mining men, in 45 minutes. Recovered 450 second quarter and $20,728 in specialists, and authorities in age. third, quarter totaled 47,717, tons, as compared with 65,071 mud the third quarter of 1950. their fields have already ac- Eureka District, Utah: feet heavy oil and gas-ctons in the drill-stequarter 'and' A at 6065-8- 1 . test Production from Sun Con cepted the association's 'invitation, Mine 2 56,584 toilsprevious ore, Empire Dump third the in quartet., to speak on the program, feet, open 45 minutes, Recover ground by Sunshine Mining cars. of 1950.' Net profit before a and u of remain number others gas-c105 of feet Slightly fd Eureka Standard ;Ore, 6 cars. for the second quartet, Company is running about 30 to be heard from, Marr said, in teud. diof this .year was $123,982. Chief Consolidated Ore,' 35 disclosing confirmed portions of lack A. Burnett No. 1 (locat- tons daUy, Norman Smith,1 Exploration of the Hercules cars.. ed on Strawberry in SW SW recting engineer for the Sun the program to date. mine is continuing, but results In general the: program will Dragon Consolidated Bee. Crews are Con firm', said yesterday. TonClay, in the third . quarter were only in as pattern 36 cars. 'salvaging casing. .Total depth nage from the' 94 and 96 itopes follow the same with fair, the report states. separate previous 017 years,' feet. 10, averages about 40 to 43 ounces general and technical sessions, Fark City District, .Utah Willow Creek Wildcat No. New Park Mining Co. 1623 of silver per tdn, but this is di- luncheon speakers, dinner and (located in NE SW See. tons. Glover , evening and A core at. 7513-6- 5 feet, luted somewhat by the addition reception Friday and Co. 1091 Park Utah Mining entertainof development muck from the closing banquet recovered 52 feet. A drill-stetons. New Positions by ment Saturday evening. 2 test at Fioche Frifeet, recover- west drift, whichfor the most Nevada District, Registration will begin ed 300 feet mud, open one hour, part carries only minor values. day morning at 8:30 at the hotel Combined Metals Reduction hut in 30 minutes. Crews are The face of the west drift on and a motion picture oh min- Co. Zinc concentrate, 10 cars; Roy H. Glover, of Butte was 2 cars; perlite, lead concentrate, 9:30. at be shown drilling below 7782 feet. will ing , now about elected a member of the board the 8100 level is The first general session, 13 cars. Canyon -- Government Wildca 2300 feet west of the crosscut vice president and Bristol Silver Copper con- of directors, near JJyton in scheduled for 10:00, with E. C. .(located l of the Anaconda counsel go. NE Sec. from the Jewell shaft to the Stephens, association president, centrate, 1 car; lead concentrate, general Copper Mihing Company at a Sun Con area of the Yankee presiding, will be given over to 1 car. drillstem test between'825-89- J of the board in New a discussion of the economic sit: (Courtesy J. A. Hogle & Co.) meeting feet, open 15 minutes; Tecpver-e- d Girl vein, he said. York Thursday. City ' with respect 90 feet of mud.Screws are At the same time it was anSunshine is developing Sun uation prevailing to major metals mined in the drilling at 893 feet. nounced that Clark S. Judd, 62 g Con ground trader a northwest area. Waterbury, Conn., resigned as a agreement. Wallace G. Woolf, superinThe bentonite producers en- member of the board. Mr. Judd tendent of Sullivan Mining the best year in the his- is chairman of the board of diMining a meeting in New companys electrolytic zinc joyed dividend rectors of the American Brass Federal Mining and Smelting plant near Kellogg, will pre- tory of the industry. According Company. York;.. sent the zinc picture; F. L. Hal-la- to reports of producers to the Company operating the Page, Glover becomes the latest distribution, payable ?his and Frisco properties, head ore buyer for Con Bureau of Mines, United States of Mr. Morning ' a number of Montanans to be 20 to stockholders of solidated Mining and Smelting dividend Will pay a year-en- d of the to Interior, elevated Department top official positions of $3 per share, it was an- record November 22, will total company at Trail, British Anaconda in cent a the 6 Company over per nounced last Friday. $793,920, bringing 1951 diviwill talk on lead, and there was in 1953 the years. Directors of the big firm, a dends 'to $1,479,840, or $6 per E. R. Marble, general manager tonnage increase over the preMr. Glover as vice president com of and the the American Reshare, increasing of American Smelting and subsidiary vious high year of 1948, and a AnaSmelting and Refining Com panys grand total to $37,393,-44- 0. fining companys Tacoma smelt 12 per cent increase over 1949 and general counsel ofathe conda company takes position In 1951 dividend payments er, will discuss copper. A pany, authorized payment of 23 per cent in value last held by W. H. Hoover, now as a as well to a to addition dividend amounted $5 in extra $1,233,200, $2 pj.. r Continued on Page 2 compared to 1949. president of the company. share. the regular $1 13-4S-4- - - For Cons. Makes Profit Gain con-tinri- ng, Meet at Spokane . , , - , $6-4S-4- - Ore Shipments m 5986-605- - : , , 5973-605- ore-bod- . . ut m de-ducti- ons s . . - . . 34-4S-1I- . , E). Named to m 7616-776- - Anaconda Copper . . Bentonite profit-sharin- Federal . m, De-cem- ler Co-lumb- ia, fourth-quarte- t 1t S' ! ' |