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Show WESTERN MINERAL SURVEY LORRAINB II PRESS NEWS CIRCULATION 421 Church Street Phone EM 2402 Curtis St., Denver ALplne 40 ADVERTISING Box 2G08 EM Please mention Western Mineral Survey when writing to advertisers. Advertising rates on application. tary of the Interior Fred A. Seat- on. The Standard Uranium Corp. Editor Big Buck Mine, subject of the report, is one of the larger underthe Western ground operations on the Colo. from sources responsibility Plateau. Development of the San HILL AU news appearing In Mineral Survey Is obtained believed to be reliable but no Is assumed for accuracy of statements. Reproduction of any material from this publication must have written permission from the publisher. e Group Denies Funds For Mine Subsidy WASHINGTON - The House appropriations committee Friday voted to cut off the governments subsity program of buying tungsten, asbestos, fluorspar and columbium-tantalum- . It said there was no defense reason for continuing the program and with the defense argument gone there can be no sound jus tification for continuing in peacetime a subsidization program for the sole benefit of a very limited segment of the industry at such an exorbitant cost to the taxpayers of the nation. The committees decision took the form of denying an administration request for an additional 30 million, dollars to continue the buying program for these four minerals through June 30. The administration is running out of money for these programs. Mine state lawmakers may try to overturn the comihittees de cision when the House takes up the bill this week. In any event, the administration is almost certain to appeal the House Committee action to the Senate. ?The denial of the minerals buy ing fund was part of committee action on a bill seeking additional appropriations for several government programs needing extra money to continue operating during the balance of the current fiscal year. The so called stopgap program for the four minerals was scheduled to continue through December 1958, with purchases to total 91 million dollars. In Addition to the supplemental request for the rest of this fiscal year which the House committee turned down, the President has asked another 40 million dollars for the fiscal years starting next July 1. The comittee action on the supplemental requested indicates it will not look with favor on the appropriation for next fiscal year either. Phillips Sinks $258 Million Into Program Mine Bureau Describes New Utah U Mine Methods and equipment that enSalt Lake City, Utah abled underground uranium vana2402 Curtis St., Denver ALplne dium mine in Utah to begin shipEntered as second class matter at Salt ping ore only seven months after Lake City, Utah, under Act of March 3, 1879. development began are described Subscription rates: $5.00 for tvo years: in a Bureau of Mines technical 13.00 for one year. report released today by Secre- L. M. Friday, February 15, 1957 THE WESTERN MINERAL SURVEY Page 2 Jaun County property began in July 1954 and the first ore was shipped in February 1955. - Although most large underground mines on the Plateau are opened by sinking shafts from the surface, operators opened the Big Buck by driving an adit or tunnel beneath the ore body to serve a3 a haulageway. An incline from this adit to the ore level is used to take heavy equipment to the working area. This arrangement, the report says, permits main haulage by locomotive and mine cars. The ore flows to the mine cars by gravity through raises driven upward from the adit to the ore body. At the surface plant at the portal, the track extends on s trestle over an ore bin so that the cars also are unloaded by gravity. Because of its thickness and relative flatness, the roughly rectangular ore body is being worked by a system similar to that used in many bituminous coal mines. The need for diluting and carry ing away radon and other radioactive gasses given off by the ore makes' vent ilia lion 'an important problem in uranium mining. The report on the Big Buck operation tells how this, was solved by installing powerful ventilating fans and lowers and by makinp an air connection with the Utex Exroom-and-pill- PERSISTENT but unconfirmed reports from the Coeur dAlene Mining district have it that POLARIS has cut good ore in RAINBOW ground farther east than previous finds and that development ore is being put through the Polaris mill, Policy of management has been to say as little as possible about new finds until they have been definitely proven to be of commercial importance. DEMAND FOR URANIUM continues to grow. More and more private utilities are planning atom power plants. At least 7 have made known 'plans to build $300,000,000 worth of facilities to turn out 9000,000 kilowatts of electricity annually. AN IMPORTANT DEVELOPMENT in the Silver Belt of the Coeur dAlene Mining Region. American Smelting and Refin- ing Company is going to probe still deeper on the major vein it discovered several years ago at a depth of 3000 feet in the Galena mine. The ore body has beeen opened for hundreds of feet above that level and down to the 3400 level. There it is nearly 1006 feeet in length, about 300 feet longer than on the 3000 level. At a point about midway in the vein, where the ore is some 10 feet wide, an offset shaft is to be put down in the form a winze. Present plans are to go down 600 feet to the 4000 foot silver-copp- er depth. This will be about 1000 feet below sea level. Results of this work may have an important bearing on future exploration work in other properties east of the famed Sunshine mine, which also has reached that depth. The Silver Summit mine of Polaris has not been probed be- low the 3400 level. DAY MINES, VULCAN SILVER-LEAand CALLAHAN LEAD - ZINC all have interests in the Galena mine. Two Spokane trading firms also won eastern honors HECLA MINING COMPANY is on the American Stock Exshange Honor Roll of dividend paying common stocks. The Wallace firm has payed dividends for 54 consecutive years. Hecla shares had a yield of 5.71 in 1956 BUNKER HILL also is listed among 13 mining companies traded on the- American Stock Exchange which have been paying dividends for more than 10 years. The Kellogg, Idaho, firm has been making payments to stockholders for 18 consecutive years. Its shares yeilded 7.44 last year. better position than ever before to expand or diversify. By reducing the par value of Grandview shares, stockholders created 3,000,000 shares which directors can use to further the companys interests. All of the origi nally amended to broaden powers of the board and to make the life of the firm perpetual. D - ar ploration. Companys adlancont Mi Vida mine. This arrangement, the report notes, benefits both operations. W.L. Dare, Bureau mining engineer stationed at Denver, Colo., and R. R. Durk, superintendent of the Big Buck mine, wrote the report, which is one of a series the Eireau Is issuing to describe uranium mining methods and cost on the Colorado Plateau. The report includes detailed descriptions of the equipment and of methods used in exploration, development, and mining, and discusses plans for recovering ore left in pillars. Development and mining costs are summarized. The publication contains many draw- - Monuments To Freedom Our American chemical industry is bursting at the seams. .And, equally important, it is like Spring, busting out all over! The industry will spend an estbillions imated on new chemical construction in the US during this year and next. And you can pile that on top of the 1.1 billion dollars worth of similar projects brought into production last year. General John E. Hull, USA (Ret), president of the manufacturing Chemists Association, Inc., in making public a survey of the industrys expansion, says: This record construction of new facilities clearly indicates the confidence of the chemical industry in the strength of the American economy. It also indicates with similar clarity a boost for the economy of 406 communities in 44 states, and a spreading of the industry over more geography. Of these new projects, 278 are now under construction, and will cost- $1.8 billion; while 128 more planned for completion by the end of 1958,' will cost $717 million. The reason for all this, says General Hull, is the steady growth of demand for chemicals, both because of the expanding economy and because research is continually developing new uses for chemical products. Further, he cites the need for more efficient production units to meet increasing costs and mounting competition. But the one fact that all of us living in a world divided between collectivism and freedom can applaud is that every one of these 406 projects, and the 354 completed last year, are priings and other illustrations. cent of A copy of the illustrated report, vately financed !Every the $3,600,000,000 represented I. C. 7766, Mining Methods and of out came the pants pockets Costs, Standard Uranium Corp., of citizens in the investing Big Buck Mine, San Jaun County American way of life! Utah, can be obtained from the That is something to cheer Bureau of Mines, Publications-Distributio- n Section, 4800 Forbes about as we see these great new Street, Pittsburgh 13, Pa. It should structures rising all over our be identified by number and title. land. - 500 Claims in New Mexico Development Capital Available New Metals Corporation has recently acquired thru merger 500 claims in the State of New. Mexico. Due to work in progress on other properties these 500 claims in New Mexico will be made available to one or more qualified companies for development on basis. New Metals will put up cash or a farm-out Utah OH Building Salt Lake City, Utah southeast New Mexico as their significant developments during 1956. Net income for the year totaled 95,200,000 compared to $95,203,; 00 in 1955, they said. Capital expenditures were $74 million higher than the previous year. The officials commented that recent higher petroleum prices will strengthen the companys economy in 1957. Mining Congress Group Applies For Federal Aid WASHINGTON An appeal tor federal assistance to promote a lealthy domestic lead and zinc when a gongressional delegation and ndustry representative conferred with key officials of the Eisenhower administration. Rep. William A. Dawson arranged the meeting and acted as spokesman. He said he thought the metals group made a distinct impression U.S. Chemical Industry Plans To on 'the administrative officials will have an important say Invest Huge Sums For Year 57 who in the administrations NOTICE TO MINING COMPANIES OIL COMPANY Phillips Petroleum Co. sunk million into capital expenditures during 1956, part of which went into significant developments in Paradox Basin in southeastern Utah. K. S. Adams, chairman of, the board, and President Paul Enda-ot- t said that Phillips accelerated rilling program launched early n the year penalized 1956 earn-ng- s but proved to be highly successful in that several fields of great promise were discovered. The officals listed Paradox Basin, offshore acreage off Louisiana, west Texas, Peace River area of British Columbia, the Savana Creek area of Alberta, Canada, and the South Four Lakes area of !i258 joint-ventu- re against equipment and supervisory personnel. Write New Metals Corp., 730 Crenshaw Blvd. LOS ANGELES. CALIFORNIA proposed long range domestic mining - gram. pro- Mr. Dawson said this program now was in draft form and war making the rounds of government departments. Interior Secretary Fred A. Seaton has promised its completion in ample time for enactment by the Congress this year. Government officials at the session included Dr. Gabriel Hague, President Dwight D. Eisenhowers econimic advisor Felex E. Wormser, assistant secretary of interior for minerals resources; George Beitzel. assistant director of the office of Defense Moblization, and Charles Kendall, counsel for ODM. Industry was represented by Miles P. Romney, manager of the Utah Mining Assn., Julian Conover, managing director, American Mining Congress; O. A. RockCo. and Frank well, Eagle-PitchJoseph Lead Co. Other House members at the session besides Mr. Dawson were Henery Aldous Dixon Myorn V. George Ed Edmundson er (R-Uta- (D-Okla- .). |