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Show CITY 1 - f'tii METAL PRICES .. , t - i .19c Lead (per lb.) Gold (per oz.)$34.9125 24.2c Copper 19.5c Zinc (per lb.) Silver (per oz.) 90.16c new mined '! ri ' Features Mining, Oil, Financial VOL. NO. 23, NO. 17 . One Year $2.50 Salt Lake City, April 25, 1952 t Trans-Unio- n New Work Pushed by Acquires New Oil Rights Grand Deposit Trans-Unio- n Oil & Mining Grand Deposit Mining Comis pany continuing development Company this week acquired imoperations at its property locatportant acreage in the Williston ed in the Silver Mountain minBasin Oil field, according to a ing district, White Pine County, telegram received today from Nevada, a company official anweek. this Lake Salt in nounced Vincent Cuccia, director of the conditions snow Although company. Stock of Trans-Uniois listed on the Salt Lake Stock have been severe in the area this year, the company has opExchange and formerly operated under the name of Union erated during all of the winter Chief Mining Company. months. The work now being projectThe information sets forth the ed is partially financed by a following percentages of minerDMA loan granted by the goval rights just secured: ernment last November. Thfe Ten per cent of 320 acres in consisted of a government porTownship 33 North, Range 50 tion of $13,400. East, Daniels County, Montana, , eased to Chaplin Refining Com-- 1 Development activity is being d concentrated in drifting northper pany. Six and of 800 the level on the 160 acres in 'cent of westerly Township mine to intersect 157 North, Range 102 West. Wi-- ! limestone beds on that leve . liams County, North Dakota, It is expected that the objec- , leased to Superior Oil Company. tive lime beds will be cut with-Six and per cent of 320 in the next few weeks. acres in Township 18 North, This formation has produced One of the mafor factors in Utahs attainment to number one ranking as the world's greatest Range 50 East, Dawson County, r Montana, leased to Stanolind a major portion of production centers for smelt ng nd mining of lead, zinc nrl copper has ben ethe Utah Copper pit at & Gas Company. Other acreOil in the Grand Deposit miue from Utah. Now operated by Ilennecott Copper Corporation, the huge Utah Caunyon. Bingham northage pending. upper levels. The new care of crude ore per day. Shown above is an pit is producing around one thousand west drift is being driven into air photo of the world famous open pit a virgin section of the property which was not mined out in upper levels. Grand Deposit, in addition to its Nevada property, also holds uranium interests in the Marys-valUtah, district and oil leases The lead, Zinc and copper industry in Salt Lake Valley is the in Oklahoma. It is reliably relargest center of mining and smelting of these products in the ported that officers of the comentire world, Miles P. Romeny, manager of the Utah Mining Aspany are now dickering for adProminent men in the Pacific stated recently in aq address before the Provo Rotary Northwest minerals and metals ditional oil leases in Utah and sociation, Reeves MacDonald Mines, Club. Wyoming. Stock of the firm is fields will participate in the listed on the Salt Lake Stock Ltd., Canadian subsidiary of seven-stat- e man For conference sponin every employed Pend Oreille Mines & Metals Exchange. basic five are there sored Columbia section the industry by Company of Spokane, earned a services of in and American the Institute of people supported net profit of $2,089,024 in 1951, statMr. and professions, Romney Mining Metallurgical Engiits second full year of operaed, explaining that in Utah neers May 8, 9 and 10 at Spotions at its British Columbia million dollars kane, Washingtons Davenport alone, forty-fiv- e property just across the internaout are every paid year for la- Hotel. tional boundary from the Metadolanother million bor; thirty This conference will mark the line mining district of northeastmil- fifth annual lars for ten and supplies, ern Washington, according to meeting of the lion dollars for taxes. At the minerals division and the first the firms annual report. Mr. Romney contime, present of metals the branch in meeting three times the Ida. $1.47 is produced in the northwest. tinued, WALLACE, Reports netThis is nearly More than 35 of $778,524 in 1950, and services for every technical papers will be pregoods that Federal Mining and Smelt- whenprofit the property was first put man-hou- r of work, whereas one sented in an extensive ing Companys east exploration into full production. hundred years ago it was only of many (problems and coverage lateral from the 3650 level of its Both facts of figures represent earn27 cents. minerals Mpralng mine shaft has interthe and metallurgical for depresected an unexpected mineral- ings before provision In those old days, he contin- world. amortizaand ciation, depletion ized vein in Morning property ued, 65 per cent of operations of preproduction expenses Participants from the Coeur were represented by manpower dAlene were confirmed this week by tion district indude Wallace to been deemed have not are and horsepower; now there is 5 G. Woolf, J. E. Berg, general manager of sustained for tax; purposes unof the the Federal firm, according to less claimed. The company diper cent manpower and horse- Sullivan superintendent Mining Companys the Wallace Miner. power, the remainder of the electrolytic zinc plant, who will rectors have .therefore, deferred work is done by machines, and The crosscut, which is being provision for these charges unon The Bunker Hill and same time there are many speak the at Mines-Federal driven as a joint Day Technical Its Men as a mintil they are claimed for tag purmore people actually employed for the purpose industries education panel project now than in the era when most erals of exploring and developing poses. on Friday evening, and A. Y. lowIncreased production and of the work was done by manWest Independence Lead Mines assistant Bethune, superintender costs were important factors power. g ent zinc of the property under a who will plant, the improved showing in Speaking of the copper, lead be chairman of a session of exand in encountered agreement, 1951 with higher metal Reserves of lowgrade beryl and zinc industry in Utah, Mr. tractive on Friday passed through the new struc- prices.along of sale Income from in South Dakotas Black Hills Romney said that when the pio- afternoon.metallurgy ture at a very oblique angle sev- concentrates last was year eral hundred feet west of where Mines publication describing the neers came, about 100 years ago, Charles Wl Sweetwood, mine with as we had all the metals that we compared the crosscut will leave Federal of a Bureau 12,000 tons, 1950. nearly in have now, but the gold, silver, superintendent for the Simplot ground, he said. districts, history major mining and other metals were Fertilizer Company of Boise, It exposed a vein of siderite and production of beryl re- copper hidden away in the mountains Iadoh, will speak on Mining and quartz gangue with narrow Till In 1951 sources in this famed mining and didnt Garnets in do anybody any good. Phosphate Rock, seams of gray copper (silver Hills is the Na- Not until he Black Idaho will be the of a region, were mined and subject they Tota domestic consumption a tions chief source of to be ore) which appears to have conF. beryl. J. paper refined did real presented by they give any siderable promise. Specimen tin decreased 17 percent in 1951 McDevitt of the Idaho Bureau A rare and critical mineral, service to the people. assays have shown relatively according to the Bureau of beryl is found in pegmatite, Brigham Youngs order to his of Mines. Papers of interest to values'. silver high Mines, Uniteld States Depart- popularly called giant granite, people to avoid prospecting and Northwest metallurgists will inNo further development of ment of the Interior. Preimi-nar- y which also contains feldspar, to spend all of their efforts in clude Raw Materials for Steel the vein is contemplated at the figures for 1951 show the quartz, and mica, and some- raising agricultural products has Making in the Western States been misinterpreted. In those by S. G. Sargis, superintendent present time, Berg said. The use of primary tin was 21 per- times, tantalite-columbit- e, and lithium minerals. days, he said, the people HAD of raw materials for Geneva Independence project crosscut cent and of secondary 6 percent conobess than in 1950. The total will be continued toward its In alloys it has numerous mili- to rely on agriculture in order Stele of Utah; and Production two-shi1951 and Properties of Aluminized basis. sumed in manufacturing in jective on a tary and industrial uses because to live and avoid starvation. After this work is well clear of Was 87,952 long tons. General OConners soldiers Steel, by J. B. Russell of Kaiof its fatigue, corrosion and the area, Federal may put in a wear resistance, hardness, ten- were the first prospectors in ser Aluminized Steel, by J. B. sidetrack for a development There were 1600 more per- sile strength, high electrical and this territory. They found gold Russell of Kaiser Aluminum drift. sons killed in U. S. motor ve- thermal conductivity, and non- and silver in Bingham Canyon, and Chemical Corporations DiRe-and period they vision of Metallurgical The new vein lies between the hicle accidents last year than magnetic nonsparking and within a search. 2 on Continued 1950. Page properties. Morning and You Like veins. in n . one-thir- ore-bearin- g . one-thir- d -- 85-to- A , v e, n Mining Mea Slate Meet At Spokane Utah Has World Ranking As Minins:, Smelting Center Reeves Net Exceeds Two Mililion , Promising Find Opened By Federal Beryl Reserves profit-sharin- $3,-446,1- 50 $1,-833,0- 65 cas-siteri- te, ft -- 10-ye- t J.t |