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Show ,1J OP u LIBRARY CITY ' ' 1 ' ly W Hi I Features Alining, Oil, Salt Lake City, VOLl 23, NO. 5 METAL PRICES .19c Lead (per lb.) Gold (per oz.) 434.9125 J2A2a Copper 19.5c Zinc (per lb.) Silver (per oz.) D0.16c new mined Financial February One Year $2.50 1, 1952 i, Colorado Miiies Hit New Record Zinc Production J 4 ' of zinc in was the largest in quantity since 1917 and the highest in value since recovery of zinc'from the ores began in 1885, according to the Denver office of the Bureau of. Mines, United States Department of the Interior. Lead production, increasing for the fifth consecutive year, was the largest in quantity since 1927, and like zinc, established a new record Colorado's output for value. The gain over 1950 in quantiwas 22 perty of zinc produced cent and lead 13 per cent Nearly all mines stepped up pro-to duction in response sustained heavy ' demand for the metals engendered by expanding. national defense activities. The tonnage of copper ore mined was small, but considerable copper was recovered from zinc and lead ores and complex ores containing gold, silver, copper, lead, and zinc ' Seen at Homtana property of Commonwealth Lead Mining Company are evidences of develRevenue derived from gold and opment work made possible by a federal mine aid loan. The above picture was taken on silver continued to be an imNotshown 400 the near foot 'this 19. incline of and shaft. new, surface, workings year, January portant factor in sustaining opwbich of amount snow iceable is the small erations at many mines propermitted operations throughout the winter. months. ores. ducing The State output of gold declined 14 per cent from 1950 despite reopening of a number I' .1' of gold mines in the Cripple Creek district after the new , - Since obtaining a government development loan in. October Carlton custom mill, of the of last yr, Commonwealth Lead Mining Company has made Golden Qycle Corporation was progress at its property located near Melrose, Madiput in operation early in the son County, Montana. year. The increase In the CripSince the start of operation in September of 1950 ,the comThe output of gold in South ple Creek production of gold net in realized was more than offset by dehas $18,000 pany Dakota decreased 18 per cent smelter returns from ore procreases in all the other importand silver 1 per cent in 1951 duced, Mr. J. F. Featherstone, districts exant . from 1950, according to the Mi- president of the company, statcaused Leadville, largely cept t a the decline in nneapolis office of the Bureau of ed in Salt Lake this week, exaverage gold by ores the of that the content year during complex Mines, United States Depar- plaining mined. The average silver contment of the Interior. Prelimi- 1951, in spite of a shutdown of eight months awaiting detent of the complex and nary mine production, based on DMA loan ores also declined, and the cision applithe of eleven months actual output returns net smelter State output of silver decreased with December estimated, ind- cation, of Officers the to around Lake amounted Salt $9000. 20 per cent from 1950. icates South Dakota mines proThis was ore all There .were about 240 producproduced Stock Exchange were reelected duced 466,918 fine ounces of encountered an prosore body from at a meeting of the board of ing lode, properties (mines, gold, 140,780 fines ounces of si20 new shaft a pects, and dumps) and placers lver and 2 tons of lead in 1951 during sinking of governors Saturday at .the Salt In mine Calvin 1951 compared with 202 lodes located between the compared with 567,996 fine and the Lake Stock Exchange. Jack Rabbit .workings, and 30 placers in 1950. The proounces of gold, 142,065 fine Reelected president was ducers in 1951 included about 30 ounces of silver and no lead in each of which have produced E. Hogle, managing di- gold mines and dumps in the 1950. No copper has been pro- considerable ore in the past. At James rector of J. A. Hogle & Com- Cripple Creek district that were duced since 1944 and no zinc has the .present time production idle In 1950. The Red Cliff from this ore body is returning pany. Lyman L. Cromer, presbeen produced since 1948. net of around $128 per ton. ident of the Cromer Brokerage (Battle Mountain), Animas, Rico, a The Homestake mine at Lead, Waste pockets have been cut Company, was reelected vice Sneffels, and White Pine disLawrence County, operated ly on level of the the president, and Richard C. An- tricts had important increases the Homestake Mining Compincline shaft preparatory drew of J. A. Hogle & Com- in output of lead and zinc, and any was again the largest produto. driving two drifts. One is pany was reelected secretary. the Upper San Miguel district cer of gold and silver. The comto be projected in a northNew members of the board showed a small increase; the pany operated continuously, westerly direction toward the of governors named; at a meet- Leadville and Creede districts treating an average of about old Jackrabblt workings and the ing of members prior to the (produced more zinc,, but less 3000 tons of ore per day. Oudirection other in a southeasterly board election include Mr. Ho- leaid, than in 1950. tput of both gold and silver toward the Commonwealth mine. Preliminary figures for 1951, gle, Mr. Cromer and Mr. West was less in 1951. A shortage of The latter has a production and W. D. Nebeker Jr. of W. based on nearly complete data men for underground mining record of some 7000 tons of high D. Nebeker Company.... A. J. for 11 months, with December was the chief reason for the de ore and the West, of the first Security estimated, show a State output creases. Construction was con- grade Rabbit also was source of Bank; Jade Harrison S. Brothers (in terms of recovered metals) tinued on the new crushing Continued on Page 2 considerable profitable produc- of the Harrison H. Brothers plants at the Yates and Ross tion. Company, and Walter L. Roche, shafts. Completion of these was pointed out ly Mr. manager of the Salt Lake branch It plants will allow the company Featherstone that sufficient de- of Merrill Lynch, Pierce, Fento discontinue use of stomps. & as not ner. Beane. has work yet velopment (Week Ending Jan. 28, 1952) : Lead Pushes South Dakota of New Orebody Development Increases Commonwealth base-met- al . !. -- Gold Output praise-worth- y New Officers . - Named By ! S. L. ng gold-produci- . . base-met- al Exchange 400-fo- ot 375-fo- ot ' silver-lea- d ' , Ore Shipments been done to determine wheth- er or not the new ore body is a channel from five to six feet wide or whether the top of a bedded deposit has been cut. from the Commonwealth and Jack Rabbit ocOre produced Oil Show Increases At Gone Creek Well MOAB, Utah The Mason No. BINGHAM DISTRICT, UTAH Combined Metals Reduction 1951 New Plant Planned by Anaconda Co, GRAND JUNCTION, Ctolo. rThe U. S. Atomic Commission has signed a contract with the Anaconda Copper Mining. Company under which, the AEC.wjjl -- purchase the urahlum Voddb-tioof an ore processing 'plant which' Apaconda will, build rifear Grants, Valencia County,. The plant is expected 'tt ' He n N.. ready for operation - early In 1953. During the past year, ; Utah Copper Copper Mining Company and Santa Fe Pacific Railroad Company have been carrying on large scale exploration and development programs In the Grants area. - the per ! t.d , . f , . .. tl f,. a . . ..A ' . t v five-yea- American Smelting Enters Marysvale Area . vl ; American Smelting and Refining Co. will start hunting for uranium In south central Utah this summer. are scheduled to with geological surlease has been veys. A obtained from the Marysvale Uranium Co., which is controlled largely by residents of the Marysvale mining district of Piute and Sanpete Counties. ' Operations start July 1 30-ye- ar 'J 1 Co. (Kennecott) aver- U C3 -- sPC year f T These programs, together . with prospecting, exploration and development by other private interests,, have indicated sufficient quantities of limestone gangue uranium-bearin- g ores to warrant the construction of a processing plant. Uranium ore in the Grants jirea was first discovered by an In- -' dian, Paddy Martinez, in the summer of 1950. Undo: the terms of the contract, Anaconda will build and operate the processing plant and auxiliary facilities, all of which will be company owned. The Commision has agreed to purchase the U308 production of r the plant for a period. Anaconda will start construction work immediately and the plant is expected to be placed in operation about April, 1953. Arrangements are being made to provide a market at the plant site for uranium-bearin- g ores other operators in produced by the area. ton cars, daily age. curred in bedded deposits. More 1 well on Cane Creek dome is PARK CITY DISTRICT, UTAH interesting phases of the new making an increased flow of New Park Mining Co. 1628 find is the fact that it lies in clean oil as pumping operations tons. an area between the two for- are continued according to Park Utah 1320 tons. zonies. Driller Chet Is who Gerlinger merly productive Silver King Coalition (ConMr. Featherstone emphasized in charge. centrates) 180 tons. that the' development work is Pumping will be caried on in- EUREKA DISTRICT, UTAH rate a at steady being projected Chief Consolidated (Ore) definitely in the belle'f that the and that determination of pos- well will be brought back to its 52 cars. sible potentialities of the new performance of a ago when Dragon Consolidated (Clay) ore zone will be made in the the oil stratum at. around 5450 13 cars. near future. feet was encountered. , A large PIOCHE DISTRICT, NEVADA loare Offices of the mud is still being company Combined Metals Reduction He's like fills once every week. cated in Salt Lake and stock volume of out fluid is and tax his that Income brought He figured by Company Zinc Cone., 3 cars; cent clean Lead Cone., 8 cars; Perlite, 8 every of the company is listed on the running about 20 be works one day out-oweek for the government." Salt Lake Stock Exchange. cars.. . oil, .Mr, Gerlinger states. , 4 Ana-Con- da Co. 385 tons. U. S. Mines 6915 tons. 1013-8- 5 , '! this the block with the water main? bnkn |