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Show in OP U LIBRARY CITY 1 i $&&? .4-- c 0 . .& A At o ' f? i,? v 4i ,C jA-- y -- Vol. 23, Nov 40 V METAL PRICES 16c Lead (per lb.) Gold (per oz.)$34.9125 . 24.2c Copper 14 Ziric (per lb.) Silver (per oz.) 83.25c new mined Features Mining, Oil, Financial Salt Lake City, September mrr- - meetings and hearings, conduct-- 1 ni- 11 ed in the northwest in the past VrI O several years. . TT It would appear to be nrlfiPTI emergency! iance with our A search for strategic minerals T) , 10111 TITS Y.CUOH DENVER, Colo. Hampered and its restrictive policy is cer- JT by the mounting discouragetainly in conflict with the activcritical Colo. The ment of increased costs, deDENVER, ities of other government agenconcencreased availability of obviouscies now expending tax money shortage of tungsten Th shaft being projected by Free to assist small mining compa- trates available to the Ko- ly potential mining property, Howell Mining Company on the and increasingly nies in the exploration of the World at the outset of the tre- unrealistic uranium' claims, a was met war rean of mining prof- Marysvale taxation by heavy re the Yellow Canaries as the known respective properties, mendous expansion in domestic its, interest in prospecting for which continued. the Prospector port . Keith Kunze, mill new mines in the United States claims adjoin - production, Vanadium Corof the exwas Slrongest opposiUon diminishGetchell of Mine, on a been has sharply America on the pressed to the increased restric- - Ina Redhouse, Nev., reported to ing scale, Miles P. Romney, poration of now is down 250 feet tions which the proposal plaws Ue 1952 Metal of the Utah Mining As- south, manager on an easterly-was sunk shaft This those wishing to use the Uc Mlneral convention sociation, Salt Lake City, told westerly Mlnlng structure and increased exemption Exposition of the American the 1952 Metal and Nonmetal-li- some uranium ores were found would the which it powers give Mineral Mining Convention Mln,ng congress. the process of sinking, SEC. Kunze said the incentive for and Exposition of the Ameri- during not but enough to be commerThe committee termed it "a the additional production was can Mining Congress today. cial. modified form of registration the price increase from $28.50 declared that in level a drift to On the with a strong centralized admin per short ton unit to $63.00 per Romney of this however, trend, spite a cross west intersected the istrative enforcement power short ton unit and the Defense there have been many signifilike 50 structure for which would create apprehen- Materials Procurement Agen- cant in the past feet,' and thesomething developments distance entire sion among small mining oper- cys program guaranteeing this ten years in new producing showed a very good cbunt, even ators as to their rights or the price for five years. properties, rejuvenated mines though the drift was in leached outcome Maof their Defense said He the plans." that NMA Presiand districts and expansion of material In its report to The uranium ore' reterials . Procurement In the Agencys proposed general dent E. C. Stephens, the legismines and districts to bodies in Marysvale occur in existing lative committee pointed out vision was felt to be much more rigid specifications for accept- lend encouragement to prospect- these easterly-westerl- y structhat the proposed regulation is restrictive than the existing able tungsten concentrates com ing activity. struccross as in as well tures many new operators to He told the mining meeting contrary in material respects to regulation which experience pelled bodies: ore the largest of that it is vital to the industry tures, testimony has shown to ' be a severe han work out improved methods or at the intersections, occuring ore benefication and to the nation as a whole to but it is necessary to prospect, given by those concerned with dicap in the fiancing of new tungsten sacrifice a big per centage of improve the climate for prosprimary mine financing, in the mining ventures. for them below the leached, their economic return. He told pecting, to stimulate zone. . the mining meeting that the offering greater opby From the best information Getchell mill, which had pre- portunities for success. the shaft is about 100 conmilled viously gold ore, He emphasized that the Paley Defeet lotrtr than verted part of its plant in any mine workPushed-Shipme- nts Commission, in its recent rein and drifting the district cember, 1950, to the recovery of port, projected demands for met- ings structure has on been startthe Development work is going steadily forward in the Mountain scheelite (tungsten ore) by als greatly in exces of our abilPride tunnel at the Ward Mine, White Pine County, Nev., and Is straight flotation and then set ity to produce and suggested ed with the expectation of findnow within from 3 to 400 feet of its first objective it was dis- up a procedure to refine the flo- both improvement of the cli- ing uranium ore bodies as the tation concentrate. As a result mate for the domestic industry work progresses. closed in Salt Lake today. of this action a high percentage and further support of foreign This shaft was started in The Ward Mine, located some of of tungrecovery acceptable 17 miles south of Ely, Nev., is developments. He declared that September, 1951, and three men has been dependence concentrates sten on foreign sources have been working continuousbeing operated through aft made possible. of supply is undesirable to any ly. The work has been financed agreement by Buffalo ConsolKunze said that by accepting greater extent than absolutely by loans made to the company e idated Mining Company, custom ores along with compan- necessary. He said that recent by its officers and directors. Building, Salt Lake City, (Week ending Sept. 20, 1952) y-mined Officials of the Howell Comore the Getchell mill negotiations for Chilean copGolden Century Industries, Inc., nuto available has been BINGHAM made DISTRICT ' and Walker Corporation. per, Bolivian tin,' and Liberian pany express the opinion that Combined Metals Reduction merous operators in northern iron, are excellent examples of Marysvale is developing into Work is also being projected 330 tons. Nevada . and has helped spur the of foreign govern- one of the .most important urantendency at what is known as the Lower Company disU. S. Mines 8144 tons. tungsten mining in that ments to capitalize on our need. ium producing areas in the Defiance tunnel, an independent trict. Utah Copper (Kennecott) He added that every effort made United States. working entry, which is being 1058 at home to forestall or decrease used to reach other orebodies PARK CITYcars, daily average. UTAH DISTRICT, dependency is a step toward than those which the Mountain 1293 New Park Company maintaining our standard of Union Oil Pride will serve. tons. LOS ANGELES, Calif. Union living, assuring our security The first carload of ore mined EUREKA DISTRICT, UTAH of California "hit the jackOil and insuring a healthy life for from the property this year Chief Consolidated concenour domestic mining industry. pot over the week end with two was shipped by leasers during trates 22 cars. Canadas newest stock exRomney posed three ques- highly significant wells in the soon 1 at be started August from the surface from will car. change Empire Mines tions: "How many Idle mining midst of 30,000 fee acres it owns a new blind orebody discovNorthMountain View 2 cars. Edmonton, Alberta, the with sizeable re- in the Santa Clara Valley northered by them late last year. ern Miner, Toronto publication, properties, PIOCHE DISTRICT, NEV. serves would come into opera- west of Los Angeles, declared This shipment ocnsisting of Combined Metals Reduction reports. vice president for d A. C. Rubel, tion under a tax policy 46 tons, contained values in sevwill be the It and 'Zinc concentrates, countrys production. on Page 2 exploration Company gold, silver, copper and lead 11 cars. Lead concentrates, 3 enth stock market, with more and net smelter returns amount- cars. Perlite, 14 cars. than 100 mining, oil and indused to $21.35 per ton. A second Courtesy J. A. Hogle & Company trial stocks listed as a starter. carload of ore was shipped from There are 65 memberships all this area early in September of which have been taken. Eric The Chemical Construction the companys pilot plant at and had a gross value of $41.16 N. J., and some special M. Duggan is president of the Corporation has developed a se- Linden, at the at the smelter and a value of new exchange. Stamford, Conn., ries of hydrometallurgical tech- phases exthe American $29.66 per ton after working of laboratories stock has Canada already A second carload of uranium separatfor is extracting, indicated Co. It He this that added that faniques charges. Cyanamid changes at Toronto, Montreal, surface orebody is getting wider has been shipped from the old Winnipeg, Calgary and Van- ing and refining metals, Major cilities at the demonstration and regular shipments are ex Haines property near Alham- couver and a curb market at General W. N. Porter, president plant of Sherritt Gordon at Otof the company, New York City, tawa were also available for pected to be maintained. In the bra Hot Springs, Mont., accord- Montreal. meantime company work .at ing to a recent report Values Formation of the Edmonton told the 1952 Metal and. Con- larger scale investigation of enMineral Mining the two exploration tunnels is in this shipment are expected exchange was spurred by the gineering design. A1 vention and Exposition of the He said that research began of being furthered. development accelerating Considerable work has been to exceed those in the first car bertas capital and the growing American Mining Congress to- in 1945 and continues today. In done by the new operators in which brought $11,000. Anoth-- 1 importance of the city as a this period, he added, three day. intechcar is said to be ready for nanrfal and industrial center, Porter said that these rehabilitating the property, large plants have been contactimed for and processes developed cluding road construction, clean- shipment The property is op- the Canadian newspaper states. niques are not only simple and conventional old on out of in to assist for operators having special is The idea behind it workings provements ing erated by Dewey Hinman- and are stallation of modern mining but more Inherently problems. Some of the basic Buford Miles of Helena and the the boom, provide timber capi methods, told the ideas developed while working economical. He more and tal for oil, mineral, machinery. Elkhorn of of on metals have been extended much Mining that develis Company other natural resources It reported early day mining meeting that the basic research was done at to other fields he reported. production from the Ward Boulder. opment. More Attention Howell Shaft Incentive To S T 1 UllglSCIl Methods Vital Pushed Lower , n 01IH I At Marysale the-boar- Non-metal-up- on c 50-fo- - . . fv $2JS0 Development of New Prospects Held Need of Mining Industry Mining Men, Unfavorable To Proposed Regulation Change The securities and exchange commissions proposed revision of its regulatipn A, which exempts from registration public stock offerings of less than $300,000, is unacceptable to the mining industry of the Northwest unless it is extensively amended. This was the conclusion reached when the legislative committee of the Northwest Mining association met with of trustees in Spokane. Decision was made to formally protest adoption of the suggested new regulation, pointing out its deficiencies and unworkable features and recommending amendments to correct them. Meetings held by the legislative committee both in Spokane and in Wallace to provide an opportunity for mining men to voice their opinions on the proposal revealed a strong sentiment of opposition by both small and. large, mining operators. One Year 26, 1962 . the-prospec- Development Work At Ward Mine Made New-hous- tor - obtain, Ore Shipments-- 85-to- n New Exchange To Start At Edmonton permit-Continue- New Metal Processing Looms Uranium Shipped Non-metalli- . -- fi-e-r - c |