OCR Text |
Show twin j- DE3 ; Ur - raf ' Ult 3'0-.j4- rucii rm SILTSB (p tisfr LEA, fit GOLD (W CM M lull lH'ittMiiiMiM- corns UNO TALLIS SHELTER LAKS MVfc - IM9 ttjo .Will I M) , j 1 Sn.IMN IN) Features Mining, Oil, Financial VOL. 18. NO. 24, Salt Lake City, Utah, July 4, 1947 One Year $2.50 Prospectors Pioneered Utah Metal Industry (KOTOR'S MOTS: ThU li ttu fifth of a MrUi of of the metal mining lnduitry ln Utah.) tisht article on the history The important discoveries of gold, silver, copper, lead and zinc did not come until the early sixties. Those who came to Utah earlier turned their attention to reclaiming the soil. They were compelled to do this or perish, and in doing so laid the ing' Company, a firm recently organized for the purpose of further developing the once famous Kearsarge and Mono Mines. Shown in the above photo are portions of both of the properties now under development. A COMPREHENSIVE DEVELOPMENT PROGRAM is being projected at properties of the world. The discoveries made by the soldiers attracted attention of others and mining development progressed from then on. As a Mono-Kearsar- ge result. General. Connor became known as the Father of Mining in Utah." It was George P. Ogilvie who made the first lode discovery and filed the first claim in Utah. A promising ore showing has been uncovered in the Mono On October 17, 1863, Ogilvie who Bingham Consolidated Mining Company was hauling logs from workings of the came upon a nob of gaCanyon, located in the. Ophir Mining District, Utah, it was disclosed in lena. He posted notice of his Salt Lake today by Alonzo Mackay, company president. discovery and recorded the JorThe firm is dan daim. , newly .organized a comprehensive ' "Vf District- - Qssanbad on the In December, 1865, the West Mono and Kearsarge properties Mountain Mining district was orwhich have , been consolidated under- - the one company ' foi. ganized under tee laws of Caland from the district ifornia, operational . purposes. tee first ores from were shipped Productive Area.' the territory. (The sixth article The .Ophir district . iias been in this series will appear soon one of Utah's major sources of. in these columns.) J minerals with production being Two FLAGSTAFF, Ariz. recorded as early 'as. 1865. , The large northern Arizona deposits estimated total production from of disseminated ' copper have the district , through r1945 has been taken over by wealthy St been placed at some ..$28,000,000. Louis manufacturers, who plan Among the mines thatgained extensive development at once, early day .fame .were the Wan- operation soon, and eventually a Two Nev. dering ; Jew,' ' Fourth;' or; July, $500,000 GOLDFIELD, electrolytic;; refining some 1800 Sacramento; ,. Utah Qyeen . and plant feet now : apart drifts', Thad, Stephens. Of more recent The latter,. which will be the are reported moving steadily toimportance Js the Hidden. Trea- first in the west part of ward a point of approximate sure,,.; operated by .the U. S. the Lewin-Math- es Companys convergence ' at ..the Newmont Smelting, Refining, an Mining plans materializes, would be controlled Florence and . Silver Company. This property is cur- built at the Emerald Isle, three Pick mines operations in Goldrently;, productive anq' is located miles .south of Chloride, only a field. To speed progress, a second short distance from the electric shift- was. added to the.. Silver adjacent to the The Kearsarge Mine was locat- generators of Hoover Dam as Pick force. ed in 1871 and ' produced an well as those at Davis Dam now At the ; Florence, where work estimated million, dollars by under construction. has overlapped into the old Feb1880. Since that time, work has The 28 . claims acquired there ruary and Whitehorse claims, efbeen done chiefly, by lessees by: Arizona agents of Lewin-Math-es forts. were .being concentrated on scale. It are , in the midst of a thei promising low 'grade vein operating on a ..small. : little tfcflt development stretch of copper impregnated which is confidently expected to appears work Was done after the Initial sandstone known to cover at open up at any time. The bulk efforts which resulted in the least 55 square miles. All 'ex- of the work is aimed in a northmentioned production. cept these Coconino claims are erly direction along the ledge The Mono area lies in the on the Navajo reservation, were and pointed toward the drift Deseret limestone. Humbug staked out in 1884 before the comin.; from tee Silver Pick1 in formation, and Great Blue lime- reservation was established. For ah opposite direction. The two tunnels are scheduled stone, which formations are un- several years they have been derlain by the Madison limestone owned by E. C. Archer and K. E. to attain a common meeting point which has been the source of the Anderson, Los Angeles, and C. F. somewhere in the January propsubstantial production in the ad- Thompson of The Gap. Their erty, although at different levels. joining Hidden Treasure mine. group covers the richest part of The Silver Pick development is One of the objectives of the new the deposit where the soft for- at 480 feet; the' Florence operadevelopment will be to explore mation averages 2 per cent cop- tion is a358 feet. AH of the property being exfor this Madison- limestone. It is per. is A the less unusual that deposit plored is ii tee hands of the anticipated will., conduct diamond drilling Emerald Isle,1 carbonate in con- Goldfield Deep Mines Co., which operations in an effort to locate glomerate. Although large, it is in turn is accountable to the these Madison limes. entirely covered by eight claims. Newmont Mining Corn. Much of Substantial aid has been re- Some of its best ore, which runs the ground, including the Comceived from the U. S. Bureau of up to 7 per cent, has been bination No. 1, 2 and 3, tee MoMines in exploring the property. shipped direct to smelter, but hawk No. 1, tee January and tee During 1946, the Bureau com- most of the tonnage is said to February, was formerly held by Goldfield Cons, which retin-quishpleted considerable geological run around 2 per cent. the titles in exchange for work on both the Mono and one million shares of Deen Mines Kearsarge properties in addition to conducting diamond drillstock. ing operations. Mr. Mackay states Sunshine WALLACE, Ida. that these findings will be of Mining Co. reports for. the quargreat value to the new company ter ended March 31, 1947, net Eagle Picher and will be used in projecting income of $206,427 after charges JOPLIN, Mo. Holdings of the the development program. and provision of $90,072 for in- Blue Bird Mining Co. a mile come taxes, equal to 14c a share southwest bf Cardin were reDeclares Dividend on .1,488,821 shares of capital cently sold to tee Eagle Picher stock. Income for the quarter Mining & Smelting Co. The Blue Lincoln Ida. WALLACE, Bird Co. held leases on the old Mining Co. declared a lc a share totaled $524,061. Current assets as of March 31, Blue Bird and Wilson 40s and dividend for $12,283 on 1,228,326 shares of common outstanding, 1947, amounted to $3,966,028 and had been conducting mine operpayable July 15 to stock of rec- current liabilities were $632,957. ations on tee former lease the Earned surplus totaled $4,053,715. last several years. . . ord July .L loeated in the Ophlr Mining District, Tooele Min County, Utah by the Mono-Kearsar- ge foundation for an imperishable Prospecting in Utah received its real impetus with the arrival of a regiment of soldiers from California under the command of General Patrick E. Connor, who founded Fort Douglas in 1862. General Connors regiment was made up in California largely of men who had felt the lure of gold and he encouraged his men to prospect for metals during their spare time. First Gold Camp4 They scoured the hills and vales of Utah, but concentrated their attention on Bingham Gulch, where they discovered and panned gold. First a gold camp, Bingham later became one of the great copper lead districts Pushing Nevada Work at Ophir Property Tax Revenue From Mines Gains Mono-Kearsar- Revenue from taxes on the net proceeds of all mining opera-- tions in Nevada was nearly four Sittmps greater in the fiwt .qua ter of 194rtharfr.iris,;fn ;iiAilar period this year. : , -- e J y. -- I . . tf?eloPrlil remittances covering the period ending jMarch, 21 were the" source' referred to'byr J: p, . Donovan, state controller. as in- - dies ting-thdecline in mining. Humboldt County was reveal-e- d as the leading mining county MiUthe' state. The tax it paid on the proceeds of its mines was : fhr ahead of the income derived tki.any other county;in fact, it ,. was shown that. Humboldt contributed more than all' the" other counties of the state combined. only four, counties .Actually, were represented, In the net pro-cee- ds of mine payments during the quarter ending on, March 31. Since mines necessarily must ishow a profit before they pay-antax on net proceeds, .Don- -' v'ovans records . would indicate h that mining was .anything but profitable during - the period covered' by the' report: . Whereas for the period, ending March 31, 1946, the net proceeds of mines netted Nevada $1,- -. 910,64 . in taxes, this .year that brought the A source .of revenue t state treasury only $407.60. New YORK, N. Y. Co. reports for quarZinc Jersey ter' ended March 31! Earned per share, 1947, $1.21; 1946, 61c. Net profit, 1947, $2,368,121; 1946, $1,- NEW 188,426. MNfflMmi ge . erqtions Planned at . : , Wbk Pushed . At Goldfield -- - if-th- at . .Mono-Kearsar- ge. - -- . . . - Mono-Kearsar- ge . ed Sunshine Mining METAL MINING INDUSTRY OF UTAH .... state. Cooperation Held Key To Mining Idaho Declaring WALLACE, that the mining industry is faced with a tremendous responsibility because tee right of private industry to carry on with- out state interference is at stake, Donald A. Callahan of Wallace outlined for tee Idaho Mining Assn. convention a number of suggestions he considers practical. Callahans suggestions related to control over financing of mining enterprises; devotion of more time and energy to the industrys collective problems by itsa executives and technical men; labor policy which will not divide management and men into hostile camps; a realistic tax policy; wholesale withdrawals of public lands from mineral entry; elimination of termites from tee interior department; geophysical prospecting; premium ice plan; improvement in min- g. methods. Harllahart addaearw mntttlsA The Future of Minerals and he said: The future of minerals is tee future of our civilization. I believe that, as in the past, private development of our great natural resources is the best. I have no faith in the promises of those who would nationalize our industry or make our mining enterprises subseryient to the will of government, but I believe most firmly that certain things must be done by the industry as- a whole and not by its individual enterprises, , to Insure tee protection of our nation and the continuance of ., a policy which will .insure ' toour people an economy whichwiH preserve; a and strong happy, .self-relia- nt ' citizenry able to defend itself against any aggressor. .... ; I . - Close Strikes ' Gold Mines' SAN' FRANCISCO, Calif. U Two gold mines producing half ;of Californias gold output were closed? by a strike of 300. men; CIO mine workers placed a picket line around the New Brunswick and Idaho Maryland mines. No workers, including members of tee Independent Mine Workers Protective League, went to 'v work.' The strike was precipitated by the firing of 20 mine workers. Neil ODonlevy, general manager of tee Idaho Maryland Mine 1 Corp., said:. "The men were making good money on a contract basis. They werent satisfied. Now they can go some place else where they may find satisfaction. There are two unions Independent and CIO at tee famous old mines, but only the protective league has a contract. The CIO union, Mother Lode local of tee Mine, Mill & Smelter Workers Union, complained there was no job security. Since the strike Was Called, the union has presented its own contract proposals. Names Executive Joseph M. Weldon has been appointed Assistant to the Vice Resident of The International Nickel Company, Inc., Dr. John F. Thompson, Executive Vice President, announces. ms |