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Show ft ? $e It Ppffll METAL PRICES fi S U OF U LIBRARY CITY I ' 15c Lead (per lb. Gold (per oz.) $34.9125 24.2c Copper 17.5c Zinc (per lb.) Silver (per oz.) .82.75c new mined. r I: W'V.r"-- ; j.-L- . Features Alining, Oil, Financial Salt Lake City, Jane VOL. S3, NO. 25 t' j 1 One Year $2 ."0 20, 1952 Successful Year Reported By New Park Drilling Crews Pushing Work Of Basin Area . f The scouUng division of ter Oil Company, Northwest Operations of New Park Mining Company during the past year resulted in net income carried to earned surplus i $267,927, according to the com- Di- vision, has released the ing summary of drilling wells for the week ended May 27, follow- panys annual report. Gross Income increased over the previous year by $552,763 1952: Ute Tribal C No. t i Sec. y ;j I ? . j (located 1 in Roosevelt pool in SW SV. H ' 88.-29- en at tion released. Plugged total depth 8956 feet. Crews pulling core No. 2. G. E. Houghton No. 1 (located in Roosevelt pool in SE SW. t Crews preparSec. 18-- 1 ELECTRIC FURNACES at Anaconda, Mont., used for the production of As part of the Anaconda company s . ing to spud. highly important component 'in Great Falls and Ute Trib B No. 1 (located $289,000,000 post, war construction and improvement program, furnaces at maSec. Total in NE SW, Anaconda have been improved. Manganese is one of the most important strategic 9954 feet. Plugged back depth te !als for r.aiicnal defense. During the ua ,t. four years, the Anaconda cpmpany hase total depth 9838 feet Pumped mangan-crsupplied more than 90 per cent of the domesti . production. All of the companys 61 barrels of oil in 14 hours :s mined at Butile, Mont., and initially processed at AnacOmfo and 270 barrels power oil, grind water. cent .8 to out per Pumped 69 barrels of oil in 9 hours and 180 barrels of power oil, grind out .8 to 3 per cent (PgWture of $234,30 water. Getting stratafracture by DMA sediment with oil shut down. by New Park. This a tHfog projects, consist-clude- s Ut.e Tribal No. 3 (located in ANACONDA, Mont. Progress on Anaconda Coppers $289,- Roosevelt pool in SE NE, Sec. Coring the area north 000, COO postwar construction and improvement program was reX1J- DrilLstem test No. 3, ssure to the prop-o- f viewed Cornelius F. the 7 Pearl by at at the annual eet, open 2 hours, on of the May-ert- y chairman, Kelley, state rtiniimim of the promeeting stockholders of Anaconda Copper Mining Company. line; extensi. had a weak blow throughout, gram committee for the 1952 southwest-flowe- r Tunnel leve ' orocertv recovered 1000 feet o water Metal and Nonmetallic MinerThe meeting took place in. cut oil 160 New feet erly Park y? through heavily cushion, this smelter city, 26 miles from al Minting Convention and Exand slightly gas cut water, nost-- v position of the American Minthe new workings of the Greater leased from U. S. Smeltin oil. 720 feet gas and mud cut ing Congress, scheduled to be Buttie Project, a $27,000,000 reopening the Star Tunnel and " water. Core" No. 5 at e In held In Denver, Colo., Septemthrough the copper Miriam claims owned Drill-ste56 feet. recovered feet, met in Denver this by New ore development which Mr. Kelber Park. test No. 4 at 8810 feet, week to draft plans for the will ley predicted prolong the Gross smelter returns for the open 130 minutes, had 1000-folife of operations at Butte by meeting. C. B. fide Bona flow VICTORIA, 25 minweak for totaled $2,655,019 according cushion, The committee reviewed hun- prospectors who need to be many decades. First shipments year to utes and died. Recovered 1430 the ore report and other income of from this project feet of fluid. Crews coring at dreds of suggestions submitted grubstaked and helped in the to copper to $13,631. Ore reamounted conthe companys enlarged by the mining industry as to field can get cash from the 8906 feet. serves at January 1, 1952 were Anaconfacilities at H. A. Peterson No. l (located topics of paramount importance provincial government again centrating da, Mont., have already com- ample for two years mining at in Roosevelt pool in SW SW. that should be considered by the this year. menced, the chairman an- present production rates and industry in September. ForeThe Department of Mines is nounced. Sec. Crews drilling most He pointed out that exploration work is planned to among these subjects are prepared to advance about $300 at 8046 feet under maintain reserves as mining national affecting min- each to some 75 persons with of allorthe major projects Joseph Smith No. 1 (Flat Me- eral and policies contemplated here and progresses. metal production, in- sufficient knowledge of pros- way sa wildcat well located in cenNew has voting control cluding government controls in pecting to go into the field to abroad for expansion of copper of East Plark ter of SE SE, Sec. . Utah Greater Butte the ProjMining Company output, redefense the economy, labor search for minerals. Crews grading road. and is this property. to ect is first the operaoperating begin taxation, mineral expanThe grubstake does not imElmer Moon No. i (Antelope lations, The firm also fuhas a one in near the tions. and Nex, wildcat well located 50 feat east sion programs, stockpiling and pair the prospectors interest ture, will be the new sulphide fifth interest in Oilnearly Incorporatmanpower. In addition, ways in any discovery. He is exof center of SW SE, Sec. ed. Discovery of oil by Contiand means of reducing costs pected to keep a diary and may plant in Chiel for which 22. in Crews Spudded May Of nental Oil Company at its Chap-itwas appropriated. and increasing efficiency and get assistance in the field from 530 at wells feet drilling oper- experienced men detailed by the this amount, more than $82,000,-00- Basin or unit in the Uintah Willis Moon No. 1 (Duchesne safety through improved production on lands in had been spent by Decempractices were discussed department Prospectors started the Williston wildcat well No. 2, located in ating Basin and in other earis the committee and will play going out in mid-Maber 30, 1951; $38,000,000 SE SE, Sec. Western States A' drill-ste- by where Oil InAnamarked for development of a prominent role in the conventest (No. 21) at has interextensive corporated condas Yerington, Nev. open-pi- t tion program'. ests could well be the source feet, open 60 minutes, recovered Several thousand mining men copper mine, 135 feet of drilling fluid, no oil and of considerable additional intownsite, facilities, &re to be for Denver in expected drill-steshow. A come, the report explains. test waa at- the housing. Other large funds September meeting. They 0 0 feet, packtempted at During the year, New Park have been or will be spent for of er gave way in 9 minutes, and will come from all branchesUnitabandoned its interest in lode improvements and expansions Win mining industry in the an attempted met with no the at company and-o- r company sub- claims located at Dugway, Tooele numerous represuccess. Recoveaed 214 feet of ed States and rankirn of the Five highest are including County, Utah. sentatives of foreign nations sidiary properties, and heavily gas-c- likewise of School slightly oil-cMontana of students and to Future plans of the company smelting equipment be on hand mining out for mud, 540 feet slightlv gas-c- to view expected were Mines the singled Mexico; at call for exploration on several the latest equipment Cananea, Sonora, mur. A drill-stetest at and machinery on display other honors and aluminum scholarships areas of Park City holdings. Geoand Mont., Kalispell, feet, packer held 6 to hear the discussions of Amer--! the 52nd annual commence- - project now in the planning chemical prospecting has indiminutes, recovered 600 feet of ican production methods. ment exercises conducted in the stage; a uranium oxide process- cated a favorable mineral area t Hall. very slightly oil and Com- Library-Museu- m The National ing plant at Grants, N. M., and in the vicinity of the Gold Queen mud. Ran Sj to 7594 feet, mittee is headed Program were Don award The winners tunnel and additional geological installation of new by Otto Herres, plugged back to 7350 feet, drill- vice president Combined Metals Cents of Bear Creek, Mont., a equipment In the seven fabri- work will be conducted to deing out to 7360 feet Packers Reduction Co., Salt Lake City. HMitfor in metallurgical engi- cating plants of the American termine the type and extent failed on an attempted drill-steOf exploration to be recommendneering; Robert T.- Donahue of Brass Company. test at Milfeet N. Richard Butte, Mont.; ed for this project. Acquisition Duchesne Ute Tribal No. 2 Chamber Mining Visit ler of Columbus, Mont, and Euof the Troy Mining Company (located in Duchesne pool in Members o the San Francis- gene W. Price of Hershey, Neb., and Peter Johnson claims south SE NW, Sec. Total co Chamber o Commence Min- all seniors in geological engiA townsite now under 'con of the Mayflower tunnel, opens depth 11,317 feet Plugged back Committee were in Sonora, neering, and Tor O. Notevarp struction far Anaconda Copper another area that appears to to 7661 feet. Hooking in pump ing Calif., last week, meeting with Of Trondheim, Norway, a ''sen- Mining Companys development be promising. The Park City and heater, etc. members of Mother Lode Min- ior in metallurgical engineer- near Yerington, has been named Silver Lead Mines property is U.S.A. No. 1 (Vernal wildcat ing Tuolumne ing, and Robert R. Beebe, a jun- Weed Heights after the S situated In Snake Creek. By arAssociation, well No. 6, located in SW SW. County Chamber of Commerce ior in metallurgical engineer Weed. E. ranging the purchase of this president, Clyde A core at 7925-3- 9 and federal and state mining ofSea ing. He has been largely responsible property New Park managefeet recovered 14 feet. Crews ficials. Purpose .of the joint Don L. Cenls and Robert R. fbt the decision to start devel- ment has consolidated a con- are drilling at 8020 feet. meeting, according td a state- Beebe have been awarded the opment at Anacondas property tinuous property ownership 1 No. Government ment made';by VhR Bradley, two $500 scholarships Offered there. Chriyon through the southern part of (Jack Canyon wildcat well lo- chairman of: the lft3a chamber the & Park City Mining District. American the full in be will Smelting The by property ' cated iri SW NE. Sec. groiip, Is to discuSfe possibilities Refining Company of Balt Lake operation by the middle of 1953 The 1951 report, profusely il3 A core at feet, of bringing ttnJnlng back to City for outstanding students hi and it is anticipated that yearly lustrated. effectively portrays recovered 16 feet Total depth the prominence that it deserves mining and metallurgical it will produce from 60,000,000 the complete story of New Park 7996 feet. in the state Of California. to 65,000,000 pounds of copper. operations during the year. 8870-892- t ferro-mangane- S-1- E). ) and ore shipments increased 6 from 70,480 tons in 1950 to in 1951. Development and exploration work to maintain ore reserves increased from 4,102 feet to 8,326 feet. Development footage and tons of ore broken in 1951 is the largest of any year in New Park history. Total value of ore shipped in 1951 was 25.70 per ton compared with 24.39 in the previous year. The New Park application to Defense Metals Administration for assistance in an exploration program was approved in May. -. 1951 and provided for a tots A core was takfeet, no descrip- - 16-1S-1- se steel-makin- g. 20-1S-1- 2i A Plans Drafted Butte Site Of Hime Mine Exporation Project For Mining Convention 28-1S-1- W in-an- i. 8675-874- Prospectors Get Grubstake 8500-S00- m ot 22-2- 5, " 1 block-cavin- cross-cuttin- g, g low-grad- British Columbia 13-1S-1- 15-3S-5- $111.-000,00- 0 a 0 y, m 7348-760- 0 Montana School OfMinesStudents m 7285-76- i on ..Scholarships re-s- et ut V leaching-precipita-ti- ut ut m 7298-760- 0 gas-cu- high-spee- d - m 7218-736- 0 New Town com-pafiy- , 7885-790- i i |