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Show Ore shipments from the new Allen No. 2 mine in Red Canyon now are averaging 150 tons per week and soon will be stepped up to 50 tons per day, officials of Utaco Uranium, Inc., said today. Utaco holds the operating lease on the property from Lakeside Monarch Co. Bill Hines, Utaco secretary-treasure- r, said track has been incline shaft and ore is being brought installed in the 280-foout in cars instead of by slusher. Additional ore bins and other equipment have been installed within the mine to facilitate production, he added. ' seam of uraninite which Ilines confirmed that a high-grad- e assayed 81.183 per cent uranium oxide has been found in the Allen No. 2. Utaco is hopeful, he said, that the find may earn for the company the 510,000 special bonus offered by the AEC, which never has been claimed. About three-quarteof a ton of the high-grad- e ore has been sacked to date, Hines said. He pointed out that miners are proceeding with routine operations at present in order to get the mine into full production, and are not concentrating on the high-grad- e vein. MOAB, Utah As Prices, Prospects Climb Upward Uncovering high grade copper and gold values at depth in the Park City mining district may usher in a near era of mining activity for one of Utahs oldest and most famous mining towns. New Park Mining Co. recently reported a strike of gold and silver at depth. The latest development, according to W. H. Cranmer, New Park president, is the appearance of a copper zone of high grade. The news is exciting to the little mining city pocketed in a canyon 20 miles southeast of Salt Lake City. The district has been famed for its production of lead and silver. rs New Morgan Chief Buys Mineral Land On Pay-As-Program Go made on New Morgan properties he said. Other officers of the company include: Karl L. Jessop, vice president; Pete Vietti, secretary-treasureJim Compton, mining This report was made by Harry Offices are at 1129 W. M. Jessop, New Morgan president, engineer. 4th South, Salt Lake City. who said the land was acquired from Paul C. Lyons, Salt Lake City. The property has high potential in low grade gold and silver, Jessop said. The purchase option will be carried out as New Morgan carries out development work within the next six months, he added. New Morgan Chief will start shipping from properties in Durst r; Macey to Resign New Mexico Post New Mexico Bureau William B. Macey, who has been a member of the New Mex- ico Oil Conservation Commission since 1952 and state geologist since 1954, will resign on April 1. Mountain, Morgan County, Utah, Named as acting successor was as soon as weather permits Jessop A. L. (Pete) Porter Jr., who has added. A recently discovered ore body of "substantial size, but unknown extent," will be worked the first part of May. Ore samples from the body assayed 53.10 per cent lead and traces of silver; The company plans to ship 50 to 60 tons weekly. All development work has been completed including track and lines, Jessop said. At present the drift is 800 feet long with more than 300 feet of inclines and raises, he said. public offering AMBROSIA LAKE NEW MEXICO Does your uranium portfolio Contain an Ambrosia Lake stock? Coronado Producers fice of the commission. Macey is leaving to take a job with a major oil company. No details of his new position were made public except that he expects to continue residing in Santa Fe. Heads Income Bracket In N.M. 88 1.10 .08.... .092 -- 16 Yz 12 04 .19 .13 .05 COMPANY Teletype SU 478 Montleella Office Campbell Bldy. EM Phene 118 Atlee BId(., Salt Lake City, Utah Copper Deposits Colorado copper horizons expanded this week with the announcement of construction of a new ammonio-leachin- g plant in southeast Colorado. The Bureau of Mines regional office in Denver has published a pamphlet on the location and characteristic of red bed copper deposits in southeast Colorado and in 16 New Mexico counties. These deposits, the report said, are small and isolated, and in an area of diverse terrain. They have been little exploited since the early New Mexico Bureau Increased lead and zinc activity may put Grant County back into he lead in mining income in New Mexico this year, a lead it has lost to Eddy Countys potash mines for the past four years. 1900s. However, the report added, the new plan now being constructed for use on red-bedeposits will interest in increase undoubtedly this type of copper ore, if it is successful. A copy of the report on red-be- d copper can be obtained from the Bureau of Mines, Publication Distribution Division, 4800 Forbes St., Pittsburgh, Penn. d In the last fiscal year Grant Countys income from mining totaled more than $45,150,256, more than $42 million of the total eing in copper produced at the Kennecott Copper Corp. Santa English Price Up Rita operation. Only approximateCOPPER a new high ly $2 million worth of lead and of 55 centsreached a in the Lonpound zinc was produced. don metals market. Lead reached The potash mines of Eddy the equivalent of 17 cents a eration for several years, the 14 area cents. the in that lead and zinc, County kept pound president said. a incomewise of with value sec16 The company now has tions of land in the Vallejo area. DEASON and Total New Park properties cover However, during recent months an area of more than 15 square as prices have gone up more lead-zin- c NICHOLS miles, he said. mines have gone back into Plans for an expanded pro- operation in Grant County. So Assay and Chemist gram are now underway, Cran- that now estimates of their promer said. Geophysical work and duction for this fiscal year run as 160 So. West Temple drilling programs will continue high as $8 million. PHONE EL this spring as soon as weather offto Another factor Salt Lake City, Utah expected permits, to locate additional ore set new mines into going potash bodies on the company properties. More than 350 men are now production in Eddy County is the fact that copper, Grant Countys working in the New Park mine. EFFICIENCY!. .ECONOMY! e is at an If, as expected, new mines are biggestof producer, 46 cents per pound. opened, Cranmer said, additional high HERCULES men will be employed. POWDER CO. Cranmer has long been an adDORSEY HAGER vocate of the theory that Park I. W. EABLY, Mgr. City anticline bears a relationGEOLOGIST CONSULTING district Kearns Building ship to the Bingham-Larin which Kennecott Coppers 909 Continental Bank Bldg. Phone EM hugh open pit mine is located. EL Salt Lake City, Utah The newly acquired Vallejo property was worked in the early days as a shallow copper-golThe "49'er" Used a Burro property. ED & NELLIE'S $51,-322,26- 2. 62 all-tim- k Macey is succeeding Richard R. Spurrier as oil commissioner and state geologist. Spurrier now is a private consultant in Santa Fe and has been chiefly concerned with uranium activity recently. 4-55- d The Atomic Age Prospector uses Bottle House Not the Cheapest and Small Operators With Complete Satisfaction! 741 W. 4th South Phone EL Salt Lake City. Utah 41 Heavily loaded, gasoline and diesel powered trucks can now descend grades without overheating, without even applying conventional brakes. It will save you dollars. Investigate the newest of brake systems. HAFERS INC. 1563 So. 2nd W. Salt Lake City, Utah PHONE HU 4-43- 11 Or "WIllAMS" COMPRESSION BUSES But the Best! COMPRESSION BRAKES BISTBIBUT0BS 13 32 B0GUE SUPPLY COMPANY r. M. LEE, Mgr. MINING SUPPLIES Serving Both Large POTTER INVESTMENT 018 Grant County KEMP & KELSEY AIR SERVICE, Inc. Super Cubs Tor Prospecting ED & NELLIE AURES 603 W. No. Temple Phone EL 5-09- Special Reports upon request nose According to Cranmer the original strike, located in the branch of the Pearl fissure about 500 feet east of the shaft, produced ore averaging 4 to 7 ounces of gold and up to 75 ounces of silver per ton, with about 5 per cent lead, 9 per cent copper and 12 per cent zinc. Specimen samples have assayed as high as 34 ounces of gold and 100 ounces of silver. Copper content was not told. The ore values have been maintained and are improving, Cranmer said. Now in the bedded ore containing lead, zinc and gold, he said the gold is "considerably richer than that found above." Mining operations are now on the 1775 foot to 1800 foot level, he added. New Park Mining, a venerable mining firm in the district, has been in the process of acquiring property for a large scale op- you Approx. 0B0... Spanish Trail Mt. Peale of- state. Uranium World Is Excited About BIO DE trict supervisor of the Hobbs dis- Porter has been with the commission since July 1, 1950, at which time he set up the OCCs proration machinery as a result of a federal court ruling which held that prorationing as formerly carhas been ried out by the old Lea County Operators Committee was an invalid procedure since prorationing had to be handled by the The Whole Hecommended for Consideration been proration manager and Colorado Future Bright For Mew Park Hits Copper Zone In Strike Area ot New Morgan Chief Mining Co. recently purchased 12 claims known as the Gold Note property in Kennedy, Pershing County, Nevada for $75,000. Western !ed Metal Captures Utaco Aims At AEC Boms No March 16. 1956 The Western Mineral Survey. Salt Lake City. Utah Page Four 53 Salt Lake City, Utah BONANZAS FOR QUICK Air Taxi Service Salt Lake Municipal Airport PHONE EL Salt Lake City, Utah 03 FOSTER M. BISEL Hudson Specialist General Auto Repairing 244 So. 1st West ( Rear) Ph. DA Salt Lake City, Utah I APPRECIATE YOUR BUSINESS! 2-50- 62 |