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Show f y A I DF Ik LIBRAS . i&A .;r.J&ir; i "' ,."r - it "' ,,,vV :i - 1 W . X. t : - i yyi' T j v. T;I. - ' .. Published Weekly Features Mining , OH, Financial r-- C 1MEU i,4 - VOL. 25, NO. 17 Salt Lake City, Utah, April 23, Greater Understanding Of Mine Industry Vital Need Clayton Co. Operations Show Profit A MINER LOOKS AT PUBLIC RELATIONS One Tear $3.09 1954 High Grade Struck At Bristol Mine Involved In Large Sum Uranium Deal By Miles P. Romney, Manager Utah Mining- Association Clayton Silver Mines is jn sound Fuel was added to the uranium The degree of public understanding and approval the mining inore Discovery of a high-grad- e condition and making a financial of this week with announcement measure its the is relations. as ire has attained 500-fopublic Mining on the dustry level in the )ody from current small opera 3ristol Silver mine last week did in Salt Lake of a proposed transprofit an industry has few products to sell directly to the public. Its principal problem is to acquaint the public with the fact that mining can be tions at its property in the Bay ts share to brighten the outlook action involving tranrfer of conmaintained as a healthy, progressive industry only under free enter- Horse district of Custer county, trol of Lisbon Uranium Corp., to encourage risk investment, in the Idaho but the outlook for the fu- for mining in the Pioche, Nevada, financially powerful coast and prise principles principles which development phases of the ture would be considerably bright- area. An assay showed a content eastern interests. prospecting, exploratory and long-rang- e silver, 13 lead, 14 zinc mining cycle. er if the upward trend in lead and of and the war postthree and Depression, copper, according to The deal, now approved by Liszinc prices continues, President W. war readjustment period have Jack Buehler, general manager at bon directors, would provide for M. Yeaman, Yakima, told stockmine. created many conditions and pubthe the sale of 2,800,000 shares of Lisholders at their annual meeting lic attitudes detrimental to the Don Warner, who is operating bon stock to Wasatch Corp., San here Monday, reports the Wallace This, coupled mining- industry. level at Diego Corp. and Airfleets, Inc. Waa lease on the 500-foMiner. i , with the fact that the issues of is a subsidiary of the powerAnd there is good reason to be- Bristol, is credited with exposing satch enterand free freedom ful Atlas Corp., headed by Floyd personal lieve that the trend will persist, the new vein. B. Odium, formerly of Salt Lake "the Buehler prise vs. slavery and statism, are that stated vein , he added. makes it imon trial world-widexact 12 but the City. Atlas also has interests in is feet itself wide, U. & I. IDAQO KELLOGG, of the most able men in San Diego Corp. and Airfleets. not would be of extent the perative that we, for the common Uranium, Inc., has been organized theMany 'run' metal mining field are pre- known good and for our own protection, to serve as operating company ,30 to 60 days, as it is for The transaction, if approved by dicting that further price improvetake active part' in insuring the or the six take will that that it Lisbon stockholders, would give Kellogg mining firms ment, particularly for lead, can be expected continuance of free enterprise. to timie of off." block it the companies represented by Mr. which are collaborating on ura- expected in view of the recent up- length s Mining was not burdened by ex- nium exploration ventures estimated The mine control of Lismanager Odium, in turn in the general economic piccessive taxation and was mofe or to $60 bon Uranium Corp. This firm San Juan county near ture, he pointed out. The quarter that the ore was worth $55 less autonomous in the communi- Utah's to making would receive $750,000 in cash and to Lester S. Har- cent price advance to 14 cents a per ton, high enough ties surrounding it until a very few Moab, according met- an additional 12 uranium claims at shipping todays profitable and rison, Kellogg attorney legal pound effective Monday morning taxincreased Greatly ago. years in' the Big Indian District of San al prices. counsel for the firms. appears to corroborate this view ation and growing complexity of Articles of Bristol of one The the Juan County, Utah. mine, incorporation for the and it is highly probable that a in been has industry's relationship with the new firm are filed with the Shoin the richest state, Exploration Program price wUl be attained by community has, m the last few shone county recorder, listing a for except continuously, operation he stated. Upon approval of the transaction years, dumped a difficult problem capitalization of $1,000,000 with August, a few depression years, since 1875. is encourzinc less The situation which in public relations in the lap of 10,000,000 shares of some of the by Lisbon stockholders, its operation During continuwithin is the but obtained be must company aging, thirty . the mining industry. Acceptance lead-silvore ever lOc-pstock. Wendell R. Brain ing to stockpile its zinc concen- highest grade a diamond exploradrilling days, to situation and the of adjustment mined in the state was taken from tion Harry G. Alway and C. Wha- trates and expects to realize sub- the program will be undertaken - the problem has been slow and ard, all workings. of Kellogg, are the incor- stantial revenue from this source len, on the San Juan County claims. In ore from inadequate. the 80s During early Yeaman in some the porators. time the event ore is developed, it is future, : The public must be informed of separate engi- declared. He pointed to the ex- the mine was smelted at Bristol agreed that an additional $4 ill Incorporation that: Wells anil was shipped in the form com diamond and zinc in fluctuations treme neering drilling be paid from, production price Mining is not just an extractive the joint Utah ventures which. have... taken , place , during of bullion.., for 'certainto panies claim owners from At the present time leasers are industry; that of . Caledonia r-- Silver-LeaCoeur this to ten the whom and other companies Lisbon support past years, wmust have I'Alene to continue operating parts of the mine on a obtained Silver zinc will Lee, belief the Giant, that Nancy again price rights. J. encouragement in the pros- New 0 basis and it .was stated reEra, Signal and Silver Bowl reach higher levels. At that time Properties held by Wasatch pecting, . and.,., exploratory Mining cently that other sections are open is also a of can be the planned, companies disposed stockpile Corp. and Lisbon are situated apstages; that' to leasing. on return his from said Harrison nice Meanwhile a only profit proximately 14 miles front the Mining is vital to local econo- an Moab small expense is involved in mainto the inspection trip productive Mi Vida mine operated mies, to the national economy area. " the stockpile. taining and to national defense; that by Utex Exploration Company. Preliminary Work Yeaman, who has just returnee Present directors of Lisbon UraMining, as other business, can Much of the preliminary work on from a visit to the mine, reported contribute to a high standard nium Corp. are Mr. H. D. Landes, the group's original holdings the C. Ryberg, Max C. Lewis, Eric Continued on Page 2 Jr., Hot Rock group and the Continued on Page 2 R. E. Dumke, Jr., Glen A. Davis Radon group in adjoining and Dr. Y. D. Eskelson, all of tiie La Sal area southeast of Salt Lake City. Moab has been completed, Harof the possible Announcement rison reported. 'Access roads to Gold receipts at the Denver mint the hi a substanresulted transaction A 25 of general wage increase drilling sites have in the first quarter of 1954 hel( been proposed in tial trend cents an hour in the upward quotations of A find of radioactive ore, bebuilt and drilling is expected above the like 1953 levels but sil- to get Lisbon stock. underway in about a month lieved to contain uranium in con- metals industry heads the list of ver receipts declined. when the engineering staff com- siderable quantities, has been demands included in the 1954 barMint officials said gold receipts pletes its studies. made in Ralston creek area 12 to gaining program adopted last week for the first quarter were up to Cost of the Utah venture is be- 15 miles west of Arvada, a suburb by the . wage and policy conference of the International Union of worth $8,594,532 ing shared equally by the six firms of Denver. 245,558 ounces this year from 235,307 ounces and each will receive 1,000,000 The find was disclosed recently Mine, Mill and Smdter Workers worth $7,235,735 in 1953. shares of the new operating firm's by Leavitt Booth, Arvada rancher, in Denver. Stocks The program formulated by Silver receipts for the quarter stock in return for its investment and his partner, Lee Babcock; 'al150 more the to' than so of Arvada. ddegates were down to 764,334 ounces worth in the projects. The remaining meeting also calls for k shares will be retained in The find is three-quarte- three-da-y 691,465 from 805,033 ounces worth of a mile from the Ral- severance pay of one week for the firm's treasury subject to dis$728,187. March receipts of gold were up position with the approval of the ston Creek site where Fred each year of service to employees to 97,114 ounces worth $3,398,990 stockholders of the six companies. Schwartzwalder, a former Golden laid off or discharged; a national this year from 94,943 ounces worth Organization of the new firm High School janitor, made a 'ura- occupational disease fund to be general makes it unnecessary for each of nium find last winter, termed one financed by employers; $3,322,976 last year. on improvement of healtha nd welfare ' Receipts of silver were down to the associated companies to quali- of the most significant" 276,138 ounces worth $249,803 from fy to do business and hold property the eastern slope of Colorado's and pension plans throughout the industry; time and half for Saturin Utah, Harrison pointed out. ii! continental divide. 308,573 ounces worth $279,128. -- 4day work and double time for Sunrt day work as such; and fair employment practices and safety clauses in all. contracts. to carbonate work an the much thanresearch Pointing out that recent infiner and, ?ize usually, Although grinding grain ' creases in unemployement in the to ore (35-4-8 amenable both is not and been is done, has done, processes being mesh) necessary. on gravity attrition and flotation will yield more of its values to the Most of the ores are add treated at mining industry again brings to concentration methods, the do- add procedure. Limestone ores 10 to 14 mesh and rapidly disinte- the forefront the issue of a shorter without loss of pay, the of mestic ores uranium, w at the and sandstone ores containing an grate to grain size when attached work-wee- k better-treatamount union's of calcium . . ed highest wage policy body appreciable present time, are by the add. six-hojmethods carbonate are more economically Some difficulty is experienced in reaffirmed its stand for the by hydrometallurgical hours with soda leach. hot ash eight pay," than by these concentration proc- treated by the day settling ore asphaltic and said this connection in that An plants, whether add or car- and bentoniticcontaining it esses. materials. Baking There are, in general, ' tyro main bonate, use standard milling equip- the ores at low temperatures. (500 was urging full support for pasMember Salt Lake Stock and different lixiviants used for ment and, except for the necessary degrees C) eliminates the carbo- sage of the Murray bill which proExchange leaching our domestic ores; The add proofing in the former, are naceous material, dehydrates the poses to establish a 35 hour week Salt Lake Stock Exchange Bldg. first is hot (90 degree C), five to very similar to cyanide plants clays and generally enhances, the under the fair labor standards act Suite No. Place 439 Exchange ten per cent solutions of sodium treating gold and stiver ores; The settling rates. Flocculating agents within two years. Lake Salt Utah City, carbonate. The second is dilute sul- processes used for uranium recov- also have beat used to aid settling What have you been doing in Prospectus bn Silver Buckle furic acid. The type of ore to be ery are actually combination mill- and filtering. chemical for the determines Mining Co. Sent Free Upon and which mirror of that front procedures., , past treated usually ing Most of the. Colorado Plateau necesfiner hourT" half to Request grinding be. used.,. Usually, is, process is ores contain vanadium and the eco- look carbonate with the to see. in are how. more I Phone process but, As a rule, sary Trying Teletype SU 180 ore'jtypes M. N. of the outside Continucd 2 leach acid on than Grants, plant, amenable to the my eyes shut" Page - , ot es - ot . . , e, - two-third- 15-ce- nt nan-assessa- er ar mil-lonw- r d 50-5- - . . 35-clai- m 10-dai- m Cold Receipts Mine Union Asks General Radioactive Ore Wage Increase Found At Denver non-ferro- us UNLISTED URANIUM Booth-Babcoc- rs : so-far- Progress Made In Uranium Reduction - ur ; - Cromer Brokerage Co. |