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Show u LIBRARY OP ' COT I i. 'i r . - ... ' METAL PRICES i. ? A I, .1 ' w.i i.M : j Features Mining, Oil, Financial Lirsjr Salt Lake City, May 30, lOT,; 1 VOL. 23, NO. 22 1 r L.t 'S King Named To Post With DMA Anaconda Pushes Huge Expansion The apDENVER, Colo. H. King William of pointment of Denver as executive officer of the Defense Minerals Exploration Administrations field team in Region IV was announced today by J. H. East, Jr., regional director of the Bureau of Mines. In assuming his new duties as head of DEMA operations in Colorado, Utah, Wyoming, New Mexico, and Arizona, .King also will retain his present post as acting chief of the Bureaus mining division in the same area, East said. His appointment will relieve East of the executive officers duties that he has carried since the organization of the DMEA and permit him to devote full time to his position as Bureau regional director. A native of Algona, la., King obtained his degree in mining engineering at the Colorado School of Mines in 1928. He has been with the Bureau of Mines since 1940, serving for varying periods in mining engineering assignments at Tucson, Ariz., Salt! Lake City, tah, Washington, D.C., and Denver, Colo. Anaconda Copper Mining Co. and its subsidiaries spent last year for new plant and equipment, and construction is continuing on expansion projects in Montana, Nevada, New Mexico and New Jersey, and at brass plants in New England. One of the principal projects e is the development of oxide ore in Nevada on territory which Anaconda bought in 1941, but had not heretofore worked. Mining of this ore by methods will not start open-pi- t until late 1953, but thereafter yield is foreseen at 60 million to 66 million pounds of copper a year. Anacondas total copper production in 1951 was more than 853 million pounds. In addition, it produced substantial quantities of zinc, lead, silver, cold manganese and cadmium. It also shipped more than 90 million beard feet of lumber. Anaconda officials look with disfavor on what they term the systematic campaign of responsible mobilization officials urging the substitution of aluminum. for copper. They argue that each metal has distinctive qualities which make it most desirable for specific use, and that in many cases substitution is difficult, if not impossible. - New Well in Duchesne Area Producer Heavy Announcement was made late last week Ijy the Carter Oil itsUite Tribal No. 2 Co. that confirming well in the Duchesne pool was the heavy producer in this Utah area. It was report-- ' ed that the well, which is 1 miles east of their original discovery well in the Duchesne area, is producing 1680 barrels oil per day from of 7661 feet in the Wasatch formation. The discovery well, Ute Tribal No. 1, brought in last fall, flowed only 340 barrels daily. Ute Tribal No. 2, being drilled with the aid of Continental Oil Co., was drilled to 11,317 feet, but was plugged back to 7661 feet and acidized. It kicked off with a flow of 140 barrels of the high paraffin content oil in 2 hours 20 minutes, ater it flowed 120 barrels in 1 hour 45 minutes. ty -- Assessment Law Action Awaited Prospectors Present indications are that By annual assessment work on mining claims will have to be completed by June 30 again this year, the Idaho Mining Association poinfs out in a recent release. The bill introduced by Sen. Joseph C. Hahoney of Wyoming on June 25 last year, to change the date for completion of the work from July 1 to November 1, was not acted on during the last session of Congress and it is doubtful that it will be heard by committee during ihe present session, it is stated. The association plans to give wide publicity to any changes in the assessment work requirement that Congress may make. Information on such changes will be carried in ihese 15c Lead (per lb Gold (per oz.). ...$34.9 125 24.2c Copper Zinc (per lb.) 19.5c Silver (per oz.) new mined. .82.75c One Year $2.50 - ;r. Tungsten r ind Reported at Cherry Creek Scientific 'Oilmen Harvest Field for Years I lf low-grad- In Anacondas opinion, in 1950. Simplot to Begin Mining Of Hematite Ore Boise. Ida. flood a played-ou- t field, by pumping water down certain wells. The water pressure forces the cil along to the producing wells. This tank is port of the water piirifyiog w system at Shells Benton, 111, field. In modern conservation practice, oil men sometime , f-- ' j 7?- 4 An estimated 300,000 tons of commercial grade hematite iron ore will be mined at Palisades, Nev., this year, officials of the J. R. Simplot Com- pany announced today. The mine, 60 miles southwest of Elko, Nev., first began production in , September of last year, and prior to this win0 ters bad weather shipped tons of ore. This years operations are expected to start immediately. The ore is shipped to three major steel mills in Japan. George McHugh, consulting engineer for the company and manager of the mine at Palisades, said the mine this year will employ an estimated 50 men in the open-pi- t operation and Would utilize around 100 trucks and drivers. Last year, the company built eight miles of truck access road from the mine to Nevada state Highway No. 20, and rewidened and maintained 18 miles of the highway to the railroad at Palisades. The ores are handled over the Western Pacific and Southern Pacific railroads to Pacific coast ports. 109,-00- K w Ul- - 3 -l X- 400-fo- ' pi. im iniiJ sL 'v , a Vy. .1 fc 4 . '.'it . . ' - t.V's f '4 I v.'icn a well refuses to flow any longer from its own natural pressure (and some are malingerers from the very start), it must be pumped with n apparatus like this. First Williston Well Result of Long Research NOTE: Recent oil discoveries in Montana and North Dakota have aroused wide Interest In this entire area as a potential source of crude oil. Since oil Is a newcomer to the family of natural resources here, we have planned a series of articles, in collaorabtlon with the Exploration and Production Department of Shell Oil . Company. The first wildcat well. to come in in the Montana part of the Williston Basin last summer was considered by many as the sign of a new economic era in the life of the Cenltral Nbthwest The stock market took note of the new discovery with spectacular rises. Land values in .the area of the discovery followed suit. But the oil men, who knew what a big job lay ahead of them in developing a field, took a calmer view. Developing a new ;oil field rock. Because of the weight of takes time. In the 'Williston everlying fluids and formations, Basin, experts had searched for the oil is under great pressure, years before finding the first often as high as several thoudrop of oil. Geologists had sands of pounds per square2 Continued on Page studied rocks across most of the and Montana eastern Dakotas, southern Saskatchewan. Then seimic parties had shocked clues from the earth with dynamite. Finally, 30 yeas after the area had been first considered and more than a decade after exploration drilling had first been tried by others Shell Oil Company brought in its wildcat near Richey. The oil was there. Now the job is to develop the field. This means drilling more wells in order to define the limits of the formations that hold the oil, and then undertaking the long, difficult job of getting every possible drop out for use. Developing a new field is a mas- Ore Shipments 1952) (Week ending May 25, BINGHAM DISTRICT, UTAH Combined Metals Reduction Co. 495 tons. .U. S. Smelting Utah 8955 tons. Copper (Kennecott) cars, daily average. PARK CITY DISTRICT, UTAH New Park Mining Co. 1720 tons. Park Utah Co. 1372 tons. ConSilver King Coalition centrates 120 tons. EUREKA DISTRICT, UTAH Chief Consolidated Ore, 49 cars. Clay, Dragon Consolidated 1070 85-to- ot 100-to- n - i ' len-ticu- la diamo- , i in- crease in output of copper from projects now under way or contemplated in the U. S. and abroad should prove ample to remove the shortage threat Anaconda net income increased in 1951 despite higher operating costs and taxes. Net income, without deduction for depletion of metal mines, was $50,216,838, or $5.79 a share in 1951, compared with $46,689,645, or $5.38, Ida. Tungsten ore from $000 to $1000 per reported opened over a of about 20 feet and a ranging from one and one-hato two feet on the Shafer mine, near Cherry Creek, Nev., according to G. P. Wil liams of this city. Tests with an ultraviolet ray lamp, and comparison with samples that have returned assays of 10 per cent tungsten to the ton, indicate the values given, Williams states. The property is being operated by the Baltimore Camas Mines, Inc., of which Mr. Williams is president While the rich showing is a part of the general ore structure it is in virgin ground, actually, and apparently represents a deposit forming an extension of the lode. The find is being vigorously developed to determine its length ana persistency of values to depth. In the' meantime preparations are nearing completion for a nd-drilling program at a depth of approximately 200 feet from the face of a crosscut tunned driven there during, the past three months. The operating company is also engaged currently in dismantling its concentrating plant at Camas, Ida., for transportation to Ely, Nev., wkere it is to be reinstalled on a site that has been provided for the company by the Ely Chamber of Commerce. Completion of this undertaking is scheduled for the early part of July, the plant to handle custom or as well as tonnage from the Shafer and n properties for company account. Boise, worth ton is length width $52,-688,0- n Apex-Tungste- Gold Mines Have Right For Damages & Washington, D. C. The U. S. Court of Claims has decided that U. S. gold mines forced by the government to close operations during World War II are entitled to a trial for possible damages. The unanimous decision threw out a government petition which asked the court to dismiss charges made by the companies Homestajke Mining Co., Central Eureka Mining Co. and Mines Corp. The action is the result of a Idaho-Marylan- d government order issued in 1942 which declared gold mining nonessential to the war effort. Gold mine operators were then ordered to close mines for the duration. The companies charged this , action violated their rights under the Constitution. The next step is for a commissioner of the court to start taking evidence as to damage suffered by the companies as a result of the enforced closedown. The commissioner will report his findings to the court. The government has the right to appeal the decision to the Supreme Court. terpiece in the art of conserv- 32 cars. ing a vital natural resource. Bax X Ore, 1 car . Oil is not found in great unThe man who trusts nobody H. H. Ellerbeck Manganese makes a bigger mistake than Waltz a little faster, dear, derground lakes, as many be- ore, 2 cars. the one who trusts everybody. lieve, but in sand or porous theyre playing rumba. (Courtesy J. A. Hoglfe Si Company) - . |