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Show jw n Aim tXBUAUY l,v ' DEC 2 6 '.947 3JJj1' ltdKA Vll'Y Features Mining, Oil, Financial Salt LakeCity, March 28, 1947 VOL. 18. NO. 13 One Year $2.50 Nevada's Base Metals Promising Outlook Seen For Mountain Oil My Yield Silver A Between 85 and 90 per cent of Nevadas silver in 1946 was recovered from base metal ores. Somewhat less than half was derived from zinc - lead ore (compared with one 'third in 1945), and smaller quantities came from copper, lead, zinc, ores. and gold-silv- er of silver The leading producers ore were the from zinc-leCombined Metals Reduction Co., Pioche district, Lincoln County, Bristol Silver Mines Co., Bristol mine, Jack Rabbit district, Lincoln County, Prince Consolidatthe Ely Valed Mining Co., and ' in the Pioche both ley Mine, and the district, Lincoln County, B. B. S. Mining ' Corporation, mine. Bell Simon SilVer-Lea- d district, Mineral County. The leading producers of silver from lead ore were McFarland & Hullinger, Cleveland Elko mine, Delano district, Lake-Pioche Salt the and County, Mining Co. (including lessees), Financier and Apex mines, Pioche district, Lincoln County. . Copper concentrates shipped to smelters from the Kennecot Cop- -Mines per Corporation (Nevada Division) and the Consolidated Coppermines Corporation mines In the Robinson district. White Pine County, and the Copper Canyon Mining Co.s Copper Canyon operation. Battle Mountain district. Lander County, were an important source of sil- The American petroleum industry concluded the eventful year of 1946 with the greatest production of crude oil in its 87 year history, with ample reserves to meet all demands for liquid fuels and lubricants in the foreseeable future; and with plentiful stock of gasoline and heating fuels, W. R. Boyd Jr., President -- Petroleum Institute, said recently. zinc-copp- er, - ad ' . - ver in 1946. Gold-silv- er ore mined principally by the Tonopah Mining Co., Tonopah district, Nye County, and the Consolidated Chollar Gould & Savage Mining . Co., Overman mine,. Comstock district . Storey. County, was also an important . source of silver. U. S. Smelting Profits of the United States Smelting, Refining & Mining Co. increased sharply last year and results in 1947 to date have bettered those of the corresponding 1946 period, M. H. Kuryla, in president, . told stockholders 1946 The his annual report net, he said, gained to $2,495,-,32- 7, or $1.62 per commonshare, from the previous years figure of $1,701,380 or $1.10 per commonshare. For this first two months of the current year net profits amounted to an estimated $480,-5- 26 or 39c a share on common stock.1 Sunshine Mining WALLACE, Idaho Sunshipe Mining Co., nations premier silver producer, is now produc ing 500 tons of ore a day, the largest since 1941, company officials stated. - THE GREAT METAL MINES surrounding the town of Eureka, Utah, shown in the above photo, while having produced millions in wealth during past years, are now responding to exploration programs started during recent months. far-reachi- New Exploration Great Area Impetus to Tintic Utahs . Tintic, Utah, once one. of great- - mining districts, and for many years the leading silver producing district in the nation, is once again the scene of renewed attention in an effort to reestablish it in the metal mining world. Since its discovery in the early seventies, Tintic has never given out. It has contributed much to the commerce and industry of the state by its production of gold, silver, copper, lead and zinc. But it has languished. Many of its great mines such as the Centennial Eureka, Bullion Beck, Mammoth, Chief Consolidated and Tintic Standard have passed their OURAY, Colo. One of the peaks, at least temporarily. greatest development programs Great Possibilities history of Colorado metal In mining it is a difficult prob- mining has attained one of-- ' its lem to keep pace with a fickle principal objectives at the famother nature and the , ever mous old Black Bear mining changing economic conditions.. If property. The Black Bear was mining is to continue it must .opened with shaft high up in the have a healthy environment or towering mountains of that area where winter snows stop all it will languish and die. Tintic has. outlived many work, except where the miners booms and depressions, but to- hole-l- n for the winter with plenday it needs development and en- ty of supplies. The Idarado Mincouragement. Those who know ing Co., a Newmont subsidiary, the district believe that Tintic has completed development that has only been scratched and that makes the rich er and it will see greater days ahead. zinc ore bodies in. the big Red Mountain property, on the other New Capital side of the range, now available It is encouraging to learn that through the Treasury tunnel.' new capital has entered the disThe Treasury tunnel had been trict has leased the Little May drilled some 5000 feet westward property in the south end of the toward its objective, the downcamp and plans an extensive ward extension of the Black prospecting campaign to sound Bear vein, when the Idarado out the productive possibilities took hold. An additional drive of that area. The North Lily of 7000 feet was completed to Mining Company has leased the the vein and then a raise of 1100 old No. 2 shaft of the Chief Con- feet was run to the bottom of the solidated and has started work in old Black Bear shaft workings that area, end the Tintic Stand- high up on the mountain. The old 5000 foot tunnel was ard and North Lily is prospecting in the eastern end of the dis- driven with a 7x8 foot cross sectrict as fast as available manpow- tion and has a grade varying from IVz per cent to 2 er will permit. per cent. The steeper parts of this grade are troublesome for haulage, as they make cars difficult to hold back when loaded and harder to pull upgrade. The 7000 foot extension was cal and metallurgical industries. present driven 9x9 feet with a per The spectrograph an instrument grade. for photographing and mapping cent The 1100 foot raise from the the spectra permits determining tunnel to the sixth Treasury concentrasimultaneously the of level the Black Bear on the tions of several elements. Telluride side of the range has Much spectrographic work on completed, according te minerals and ores has been done. been Wise, general manager, but However, the analyses have been Fred it will require some time to put only qualitative or, if quantitaold workings in shape so the tive, only applicable to particular that the ore from the property minerals, ore, concentrates, or can be taken out. chemicals. The ideal method, as There is a vast amount of sought by the bureau, would be milling ore in the old Black Bear generally applicable to all ores which can now be brought out and would yield quantitative re- through the Treasury tunnel and sults as accurate, as those ob- milled in the mill on tained from the best chemical this side of the Treasury range. It will add procedures. greatly to production. Highly technical, the report From the sixth level it will be explains the theory of the total-ener- possible, as the workings are remethod, describes the habilitated; to reach all sections principle of the spectrograph, of the Black Bear and operate in and presents detailed data on all any of the levels as feasible. The tests conducted. It was prepared combining of the two mines conby Graham W. Marks, bureau nects big mineralized holdings physicist, and H. Tracy Hall, on both sides of the and bureau chemist both with the makes one of the most range extensive bureaus metallurgical branch al and valuable properties in the Salt Lake City. San Juan range. New Work Opens Famous Colorado Mine lead-copp- Method of Ore Analysis Rapid Early perfection of a time- saving and reasonably accurate spectro-chemic- al method for general analysis of ore samples appears probable on the basis of an investigation report released today by Dr. R. R. Sayers, director of the Bureau of Mines. Mtotal Employing the energy .method which makes use of a direct current arc. the bureau determined the distribution of germanium, tin, and lead in ore samples with an accuracy comparing favorably with that achieved by chemical methods. Further research and development will.be necessary before other types of ore can be analyzed spectro chemically, but results for germanium, tin, and lead indicated that the total-enermethod . . . will be quite suitable, the publication stated. Much more rapid than chemical method analysis, graphic methods are expected to be of great value to the chemi so-cal- led . gy ng . . gy Outstanding during last yeai was the demand for petroleum products, he said, pointing out that after V- -J Day it was generally assumed that the demand for such products would decline. This, however, has not been the case and demand figures are being revised upward, he said, continuing: This first full peacetime year also has brought with it an increased realization of the importance of natural gas as a great natural resource not only as a source of heat and energy but as a source from which liquid fuels, lubricants and other products presently made from crude oil can be manufactured Proved natural gas reserves ol the nation now are estimated at more than 144 trillion cubic feet, and are still growing. At present consumption rates, this adrepresents at least a ar dition to our proved petroleum supply. The pessimistic view that crude oil discoveries of importance are on the decline in this country has, in my. opinion little basis in fact New discoveries in South Texas, for example, are giving rise to speculation that this area may prove to be an oil reservoir of vast extent, and the same is true of new strikes along the Gulf Coast of Mississippi The Rocky Mountain area is another case 'a point The first, oil wells drilled in the United States, outside of Pennsylvania, were drilled in Colorado in 1862, and oil has been produced commercially in the Rocky Mountain states Bright Future Seen for Oil Industry Industrial expansion - 30-ye- . con-seidera- ble since 1876. Nevertheless, prior to World War II, the oil industry in he Rockies never flourished to the extent that it has in other The difficulties of mountain drilling, the distances to markets and the local scattered population have been contributing facareas. based upon the scientific and technical achievements of the past 30 . tors. With the advent of the war, however, the Rockies came to life, and bid ' to remain so henceforward. This is exemplified by the fact that daily average production there in 1940 was 94,000 barrels, and in 1946 was more than 150,000 barrels. New and important discoveries have been made during the past ear. The potential output of this great region is not known now, but it is certain to become one of the nations large oil producing areas. Add to this the potential production of the Continental shelf methods of drilling offshore have been in use for a number of years and it is readily apparent that the United States is in no danger of running out of oil or gas for many years to come. When the day of scarcity arrives, coal and oil shales wiL be utilized to make whatever liquid fuels the nation requires Equally important as new discoveries in extending, the nations oil reserves are new meth ods of utilization. Not so many years ago a recovery of 20 per cent of the oil in p. given field was not unusual Today, by modern methods of conservation and production practice, a recovery of 80 per cent is expected. Thus, the continuing research of the countrys oil producers has quadrupled our reserves in existing reservoirs. years has demonstrated that our mineral resources are exhaustible In a very real sense. Their rapid depletion liquidates the very basis upon which this countrys industrial and military might is supported. . Their depletion, therefore is a matter of national concern. Discover Facts The fact that our mineral resources are not as extensive as popularly believed, and that certain extremely critical minerals are. not found in ore deposits in this country, was evident at the time of the first World War. But it was not until the advent of World War. II, when the threat of cessation of foreign supplies became acute, that .the true situ- -, -ation was vividly ssed upon us. During the past few years it has become increasingly obvious that for the first time in our history our demand for many minerals and metals exceeds our supply, and that the rate of mineral discovery in the United States is being exceeded by the rate of depletion. Before World War II the possibility of shortages of petroleum, metals and, metal bearing ores was regarded, at least by most Americans, as a matter of academic rather than practical concern. Then came the feverish search both at home and abroad during the war, and the many strict controls on production and distribution that were necessary to ensure proper availability to run our industrial war machine. These made it evident that even tu? United though it contains perhaps the area of the earth within its continental borders, still lacks many mineral resources vital to its economy, and has abundant supplies of only a few. S-- best-endow- ed Few Strikes Production of many of our minerals has not been matched by discovery for a number of decades. In fact, relatively few metallic ore discoveries of major importance have been made in the past 40 years. Mmmm "Wbin -- - fcri ?Qtk n Pod citf Bt ewjridr volket o dUco ta 1BS9 br W.bt.r ctelm d fubM Bofos pfcAr Hanks vn rcord. And then there was the Indian METAL MINING INDUSTRY girl who had a lot of fun with OF UTAH her beau and error. |