OCR Text |
Show October 10, 1947 The Western Mineral Survey, Salt Lake City, Utah Need Continues for New Sources of Copper in U. S. Newmont Has Pay Ore at Goldfield-Lat- est Report The and best news that Tennessee Mine Ships Goldbiggest Known commercial copper reserves in th&United States have GOLDFIELD, Nevada and to better continued in grow has had bigger field many years steadily decreased in recent years as production has exceeded this week. No longer was there any doubt that the Deep discovery and development of new reserves, Secretary of Interior, CHLORIDE, Ariz. Lead con- Mines operation here has made an ore discovery, the proportions J. A. Krug stated recently, in releasing a report on. the newly centrates averaging above $8000 of which may be incredible, says Robert A. Crandall, versatile developed San Manuel project in Final County, Arizona. 50-tper par are going' forNews. ward regularly from the Ten- editor of the Goldfield Although the United States is still the leading copper-produciThe iron curtain which Newnvestigated 46 copper deposits nessee Mine to the American mont 'country, he stated, the domestic in 13 states and in Alaska dur-n- g Smelting it Refining Companys placed oyer all news of the contribution to world output has at El Paso, Tex., acsmelter the fiscal years, 1940-4- 6. Cop- cording to Thomas L. Chapman, discovery was raised this mornto. one-thi- rd dropped from one-hal- f, since 1929, and the current per projects were completed in manager. ing when Elmer Burt, general is Vetada, Wyoming, California, Tennessee Schuylkill Corpora-io- n manager, officially disclosed that annual rate of production of reports that production from a rich 25 ft. vein has been found equivalent to only two-thir- ds the demand by American in- daho, Arizona, North Carolina, ts Tennessee Mine has already on which 60 ft. of exploratory dustry. The ' remaining third is Vermont, New Mexico, Montana, ncreased to more than three ' in done. Connow been has work . imes the tonnage averaged Evidence of AUBURN, Calif supplied by imports. Exploration Colorado, Virginia, Utah, Wisconfor additional reserves of copper, sin, and in Alaska. Approximate- - 1946, and the company plans to servative Mr. Burt indicated that the very real interest mining mine and mill 100 tons of . ore it looks have in legislation affect-n- g particularly new deposits, must y 39,000,000 tons of ore extremely good a few leople within . the next two welfare of their industhe be accelerated. For the sake .of. daily words that speak volumes,. Mr. try is shown by the growth of per cent copper and months. the national economy and es- 2,219,000 .88 tons containing 2.55 per . President Nye A. Wimer stat- Crandall states, continuing his their membership of the Westpecially for military security, cent copper were to added the n ore body substa150,000-toed that .the ern Mining Council, Inc. This domestic reserves should be new strike: direas a nations reserves copper it had story of the announced develhe ntially-increased more than doubled and company membership ct-result 3 Workmen are following a to last of Bureau wartime added to itg reserves in March, to total 5760. The counopment of such deposits should year values ore with shoot 5 high nvestigations. Today, the bureau 947, carried values in 1 e a d, ft. has 42 chapters established be encouraged. on the footwall of the vein, about cil copper-beariwere that silver" investigating and in zinc, gold Nevada and OreCalifornia; One-lla- lf crossDrops deposits m 'Nevada, Pennsyl- much higher than had been ex- 200 ft. in from the main gon. vania, Arizona, Georgia, and in pected. He stated that consider- cut in the Whiterock district. He The council is opposed to manIn 1943, the peak copper-producias silici-fie- d able of the tonnage mined thus described the formation aged war year, 1,092,939 tons of Virginia. paper currency. It approves andesite. Rich seams are con- the .use ar had carried combined values of gold and silver for metallic copper were produced Large Discovery above $80 per ton in lead and tained in other parts of the vein, our system. It believes monetary in smelters from domestic ores. The San Manuel deposit, 46 zinc without adding the gold and he stated. Mr. Burt made it clear the must be held domain domestic propublic 1946, copper .By miles northeast of Tucson, Ariz., silver. The vein is aid to aver- that enough development has for a free open duction had dropped almost one-ha- lf was the development biggest wartime discov- age from 6 feet to, 15 feet in been done to establish the pres- American public, as a by of a. to 594,000 tons. As of part true a ore of of body; ery copper reserves. Prelim- width over a length of 450 feet, ence rereal free available system. 1944, enterprise 1, January Until the ore body is blocked mapping and sampling was with a proven vertical depth of In affirming in hard serves of copper ore in the Unit- inary done the which is being done as rap- money Federal out, by Geological 300 feet. President P. J; ed States were estimated to con- Survey in March, 1943. The Hall, of The excitement caused by de- idly as possible, not even New- the Council cays, We believe in tain about 20,000,000 tons of November, the bureau be-j- velopments at the Tennessee mont engineers can eay how big the mining of more silver and recoverable copper, according to operations, complet-n- g Mine in recent weeks has fo- it will go. However, considering the issuance of less paper money. drilling .Bureau statistics. This figure in February, cused the attention of several the history of similar strikes in We believe silver miners should the does not include the San Manuel 1945. In project 15,844 feet of the large mining and smelting the fabulous Goldfield district, be paid toe monetary value of deposit of holes were drilled, and a on the Chloride dis- there is no reason to believe silver, $1.29 an ounce. The govIn a recent letter to the Magma dock of ore 3100 feet long, 400 companies trict. Representatives of sev- that it will fault or pinch out. ernment pays but 90c an I Copper Company, Secretary o 800 feet wide, and 500 to 900 eral such concerns are known As workmen drift on the ledge, ounce. Thus, time the every this fl development feet thick, averaging .8 per cent Krug said that be in the district at this time it grows richer and larger, accoins an ounce of silver could be done only through fur- copper, was indicated. Later to to the reports. purchase cording deals involving it makes profit of 38c on the ther exploration, both by private drilling showed that the ore and The mining genius who is the miners product. of other promising propor lease That is. profiGovernmental and enterprise body extended considerably be- erties are stated jo be under way. guiding force behind the Deep whichwe oppose. teering, .agencies, of likely copper-beariyond this block. Fully half the Mines project Fred Searls, jr., do Gold not believe miners -, dililow-graareas and especially by ore was oxidized copNewmont president had not ar- that you oan-afca tag new the with all search to gent per. copper, the rived in Goldfield up to late in from a hat and- say thatprice is what technical knowledge at our com- ore contained .02 per cent molythe week, but those who know gold is worth. As producers mand, for new copper deposits. bdenum and about .75 per. cent him best confide that his curi- of gold,-ware opposed to the I tests rutile. were Metallurgical osity will not let him remain arbitrary fixing of toe gold price Foreign Sources conducted in bureau laboratories from Goldfield too long, by international bankers. We are away Stating that new additions to at Salt Lake City, Utah, on oxide, Mr. Searls has a personal to Congress allowing this powfor our reserves are no cause for sulfide, and mixed oxide-sulfiaffection for the old camp, where er. We should- not be compelled ore samples. complacency, Secretary Krug he first won his spurs as a by toe same bankers to produce In September, 1944, while buadded: As long as we are derich a That Ida. young mining engineer. No one gold at a loss. We intend to supWALLACE, sources for a reau drilling operations were in dispendent on foreign now to see it' blossom again port congressmen, regardless of wants been has ore silver of vein amount- progress, the substantial share, Magma Copper covered on the 3000-fo- ot level more than does Fred Searls political affiliation, who oppose any ing to about a third of our company took options on the of the Silver Summit property in no one is more capable the present system that has put and domestic needs, we must do all property, and in August. 1945, Coeur it about than he is. most of our gold producers out ?-( the of of ore belt bringing the dry, we can to approach according to the report, acquired dAlene is officially confirmed were There other significant of business, says Hall. not only in copper but control and organized the by L. E. Hanley of Wallace, a developments during the week Some of. our westem states are,, in zinc, lead and other strategic San . Manuel Copper is now now more than 75 and Summit to Newmont indicate that of Silver director owned and Extensive drilling has .and critical minerals. Further of the Polaris Mining operating ' in a highly mineralfederal operated, by president been of reserves, known conducted the exploration by company Co., which is developing the ized zone, heretofore untouched, President Hall said. Thisagencies. condiinvestigation of potential new since the bureau project was property. of valu- tion is due largely to toe warwhere great quantities hidof reserves and particularly completed, and the bureau has Mr. Hanley confirmed the as- able gold ore can no longer time grabs of mineral lands by den bodies of ores indicated by learned that large-sca- le produc- says unofficially reported- - of 33 elude modern engineering and the government These lands tion which calls for the eventnni geological data, must be carried to the ton and 5 mining techniques. silver of ounces were turned over to the domion and intensified by private en- mining o 25.ono tons of ore The Goldfield News has good nation .of big toot . producers. per cent copper, and that the terprise and by governmental iaHv is olanned. to five feet in width reason to believe that diamond Hall points out These interests is four vein on the The San done Manuel ppencies. The work deposit was encountered about 950 feet drills have picked up evidence are not in favor of opening new San Manuel project is indicative located in 1870. but little work where the shaft. of of another vein, perhaps not so domestic deposits, nor in favor south of the desirable of such co- was done on the property until the said Polaris rich as the first but carrying of exploration by state or fed.A engineer 1916 when three churn-dri- ll operative endeavor. most the to be values. This vein is thought eral agencies whom they constrike proye may high holes were made. Work was soon Wide Investigation in many years. Han- to lie directly west of a drift trol, it is asserted. They are stonned and was not resumed important stated. Money being spent pointing in that direction from toe phoney conservationists who One of the 50 scarce minerals until the bureau began" its 'inves- ley mining companies on the bottom of the Whiterock insist that our western deposits by large 1943. in on the critical list of the Army tigation programs in shaft. Work on this drift was are so depleted that they will development deep Much detailed information is and Navy Munitions Board, cop will be district this justified if halted a short time ago and the have to be conserved for future per was used extensively during included in the report on the 21 the ore body is extensive, he as- tracks and other equipment torn emergencies, when those aware World War II in the manufacture drill holes and the various metal- serted. ' out. test the of true conditions know that toe drills, Following of munitions, naval ships, and lurgical tests made. The report crosscut tracks have been put back and mineral wealth of toe West has Summit Silver The was of Because ordnance equipment. prepared by Thomas L. will be continued toward the a new crew set to work. hardly been scratched. the unusually heavy drain on Chapman, bureau mining en- main no atvein and Summit domestic reserves during the gineer, Mining Branch, Tucson tempt will be made now to mine war, considerable copper was Ariz. the new ore, Hanley continued. . imported. copper is Today, Polaris is obligated to The average motor vehicle in He said widely used by the electrical work on the carry industries and as an .alloy in the United States is scrapped to the vein. development ' . today after about 90,000 miles producing brass and bronze. An agreement between the two in 1935 As part of the broad program of use in. 12 years: provides for. lateral companies to build up reserves of scarce scrappage came at 58,000 miles development of Silver Summit minerals, the Bureau of Mines and 8.3 years. level. Polaris on the 3000-fo- ot also is running crosscuts into nearby Kakima - Shoshone and Merger properties on the same level. 1 The vein just discovered 'was Section; Showing Straticut on the 600 and 1500-fo- ot levels, but the ore found there graphy of Formations in Utah and was low grade, according to HanWestern Colorado from Tertiary to ley. He said it is significant that silthe vein carries high-graCarboniferous Age. . . .75c ver at the 3000-folevel. The bid price of Silver Sum2 Individual Structural Contour. Maps mit stock has more than doubled of the strike. since the report FILL OUT HMD HAIL THIS COUPOII TODAY The stock jumped 40c in one of Various Oil Structures Located in .to a at $2 dose closing day, .$5 share. Silver Summit sold for WESTERN MINERAL SURVEY 80c just before the strike was 3 Map Showing Location of Oil Strucconfirmed. 22 Vat East First South St., Salt Lake City 1, Utah On the strength of the importures in Southeastern Utah, NorthGentlemen: tant . strike, almost all stocks made strong advances, especialwestern New Mexico and a Portion of irt payment for Enclosed find years ly properties grouped around Silver Summit, including the Western Colorado. 1 . . $1 .25 SURVEY. Plain-vieMINERAL WESTERN the to subscription Merger, For Structural Contour Maps of Any Particular Silver Chieftain and PoTWO YEARS $4 ONE YEAR $2.50 laris, the parent company. Structure in Utah and Colorado. Write for She was, taking a swim in a particulars. Name secluded lake when toe spotted a boy tying knots in her clothes. Arrcmgements may be made through this ofto she the bank, Street Swimming fice for geological information on principal oil snatched up an old tub as a structures in Utah. shield and advanced angrily. . Do City know what v you .Hey you! 4. Im thinking? SURVEY . Yep, you think theres a bottom in that tub. Concentrates on - -- ng Membership Increases in Mine Group -- - . con-aini- ng . ng ng - its-belie- f -- fol-owi- ng . an . gov-erm- ent . 5 ng de Idaho Firm Developing New Showing n de -- k - - e - - . . self-sufficie- . Cor-norati- on. . . , . MAPS OF UTAH OIL STRUCTURES Compiled by Prominent Geologist SHJIBSGIEIIIBE (DIDAY The Western Mineral Survey for authentic reports on Mining and Oil developments in the West. geologic de "xlS". ot' Utak - . w, t ........ State i 8,x24" WESTERN MINERAL |