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Show OF U LIBRARY CITY 1 OJ. METAL PRICES 16c Lead (per lb.) Gold (per oz.) $34.9125 24.2c Copper Zinc (per lb.) 14ft Silver (per oz.) 83.25c new mined Vol. 23, No. 44 Salt Lake City, October 24, One Year $2.50 1952 Promising Orebody Opened At Ophir District Property Mono-Kearsar- Claim Yields New Find ge What may prove to be one of the more important ore strikes in recent Utah mining history has been made by United States Smelting Refining and Mining Company on properties held under e Consolidated Mining Company. lease from en- was ore The new showing countered near the east end line of the Idamonta claim of the Mona group located in Dry Canyon, Ophir Mining District, Tooele County, Utah. y Samples taken from the were reported in Salt Lake The Scouting Division of the today to assay as high as 22 ounces silver and 66.7 per cent Carter Oil Company, Northwest lead to the ton. Division, has released the folbenow Development work is lowing summary of drilling northward ing projected wells for the week. through the Idamonta claim to G. E. Houston No. 1 (located determine extent and overall in Roosevelt Pool in SE SW, commercial value of the conare being Sec. Total depth Operations ducted through the famous Hidfeet, plugged back to 9760 den Treasure workings and the new find is situated some 1350 feet Acidized with 500 gallons feet below the U. S. Sovereign through perforations at 9700-5- 0 Swabbed approximately feet. tunnel. Of considerable interest in re- 168 barrels of fluid in 24 hours, spect to the discovery is the 66 per cent from water, 19 per fact that the ore has been found cent mud and basic sediment, 15 on the east side of a porphyry per cent from oil. dike traversing the area indicatH. A. Peterson No. 1 (located ing possibilities of opening a in Roosevelt Pool in SW SW, wide virgin area to commercial Sec. Total depth production. feet Pumped 132 barrels The lease involving proper- of oil, .3 per cent wate, in 24 ties where the new work is be- hours. Pumped 128 barrels of. ing conducted was negotiated oil, .3 per cent water in 24 the latter part of 1949 and pro- hours. Pumped 126 barrels of vides for royalty payments to oil, .3 per cent water in 23 Mono Kearsarge based on a hours. Pumped 122 barrels of graduating scale from eight to oil, 2 per cent basic sediment in twenty-fiv- e per cent on net 24 hours. Pumped 119 barrels smelter return values. of oil, 2 per cent water, in 23 In addition to this property hours. Pumped 106 barrels of Mono Kearsarge Consolidated oil in 24 hours, J3 per cent waMining Company holds interest ter. Pumped 119 barrels of oil in the Pinto Mining District, in 23 hours, .2 per cent water. Iron County, Utah, located west Pumped 118 barrels of oil in of presently iron producing 24 hours, .3 per cent water. properties and also holds interSmith No. 1 (Flat Meests in oil lands located on the sa Joseph wildcat located in cenWasatch Plateau; southwest of ter of SE well, Sec. SE, the proven gas field at Clear Core No. 9, between Creek, Carbon County, Utah. feet recovered 29 feet. Core No. Offices of the company are in 19, between 5 rethe Atlas Building, Salt Lake covered 49 feet Totalfeet, City and stock of the company 8605 feet. Crews taking depth drill-steis listed on the Salt Lake Stock test and Mining Exchange. Elmer Moon No. 1 (Antelope , wildcat well, located 50 feet East of Center of SW SE, Sec. Swabbed and blowed (Week Ending October 18, 1952) 32 barrels fluid in 7 hours, 50 ' BINGHAM DISTRICT per cent water, mud declined from 14 per cent to trace, and U. S. Mines 7997 tons. Combined Metals Reduction oil increased from 36 to 50 per cent Swabbed and flowed 30 Co. 385 tons. barrels of fluid in 5 hours, cut Utah Copper (Kennecott) 40 per cent from water, 10 per 1067 cars, daily average. cent emulsion, .1 per cent mud. EUREKA DISTRICT Made 5 water shut off tests. Dragon Cons. clay, 42 cars. Total depth 8246 feet plugged Chief Cons, cone., 21 cars. back to 6571 feet to take drill-steYankee Cons. ore, 1 car. test. Empire Mines ore, 1 car. Orlan L Johnson .No. 1 PIOCHE DISTRICT Combined Metals Reduction (Walker Hollow wildcat well loCo. Zinc cone, 9 cars; lead cated in SW, SW, Sec. cons., 3 cars; perlite, 12 cars; Core No. 1 between 48724931 feet, recovered 59 feet. Drill-stemanganese, 1 car. test No. 5 between 5022-5- 6 Courtesy J. A. Hogle & Co. feet, open 2 hours, recovered property was the scene of an 110 feet of fluid, top 20 feet important strike a few months oil of 26.2 per cent gravity, 93 ago, when a vein of silver ore degree pour point, heavily oil about 12 feet wide was found in and gas cut mud. Core No. 2 feet, recovvirgin ground. The Argentite between 26 ered feet Core No. 3 between is credited with important ore 1 feet, recovered 49 deposits and the Nivloc was a silver-golTotal in feet producer depth 5245 feet major Crews was when it opprewar years preparing to drill-steInc. test. Desert erated by Silver, Mono-Kearsarg- ore-bod- ore-bod- y. Following rehabilitation of mine workings and surface buildings, efforts will now be directed to the production of ore from American Fork Consolidated Mines property. Shown above is one of the workings located in the upper area of American Fork Canyon, Utah. Huge Growth Mining in the United States is at the; present time undergoing -- an unparalleled period of growth, with new major mining projects adding up to an investment of $2 billion currently underway. Engineers and Mining Journal reports. This total does not include hundreds of small-scal- e projects the of in every part industry, the publication adds. Leading the nonferrous metals in both size of investment and tonnage increase, the U. S. aluminum industry will double its 1950 production capacity by 1955 with an investment of $626.5 mUlibn. . Large - scale copper mining projects already launched will require an investment of $356 million. Never before has. so great an investment been planned in so short a period, the publication points out. New discoveries of lead and zinc in Tennessee and new mines in the east and northwest will replace the declining output of these metals in older areas. Investment here will total about $79 million. ' An eventual investment of $598 million is underway in and expansion in iron mining projects, other than will total $261.5 million. New emphasis on alloys and increased demand for metals like titanium have put the spotminor metals. light on in Investment manganese, cobalt, molybdenum, titanium and uranium will total $81.5 million. . v ta-coni- te ta-coni- te, so-calle- d in Expansion so is minerals widespread and complex that.. total investment can only be approximated. Some of the larger projects undei way for sulphur, potash, phosphate and fluospar total $83 million, the magazine estimates. non-metall- ic With preliminary work now completed, production of ore is slated to begin in the near future from properties operated by American Fork Consolidated Mines located in American Fork Canyon, Utah. The preparation program has included repairing and cleaning out of the main transporta--iotunnel, repairing of mine buildings and unwateriiig of the workings to the 450 foot level. With the mine now in shape for start of production activity, CHICAGOO, 111. Net sales of the company will concentrate Minerals & Chemblurts in pulling ore from an International ical Corporation for the three oreboay opened on the 435 foot months ended September 30, level in an area about 70 feet totaled 1952, $17,159,301 as comnorthward from a recently comwith for the $15,311,337 pleted development shaft, com- pared period last year, pany officials announced in Salt corresponding 12 per cent. an increase of that Lake today, stating they Net earnings for the three are now negotiating to have month period were $1,064,784 as this work done on a contract basis. compared with $1,033,294 for In addition, the company is the corresponding period last completing plans for lease of year, an increase of 3 per cent the large tailings pond located Earnings per common share on the property. This is ex- for the three month period in pected to result in the installa- 1952 were equivalent to 44 cents tion of a flotation mill with the per share as compared with '43 company receiving twenty per cents for the corresponding pecent of the net returns. riod last year, on the basis of estimated that the 2,204,885 common shares It has been some 90,000 tons of mill tailings presently outstanding. left from former operations utilizing less efficient processes are available for handling. . Values in the tailings have been reported to average from 2 to 4 per cent lead, and from 1ft to 3 ounces of silver to the ton. In addition, minor amounts of zinc and gold are present. Work done by the U. S. Bureau of Bruhl GOLDFIELD, Nev. Mines and Pacific Bridge Com- Enterprises headed by Avery pany indicates feasibility of this Brundage of Chicago, has beproject with the use of modern come one of Nevadas important silver-golequipment producers and is expanding activities. Wilkins President The organization operates the W. A. Wilkins, parts manager Argentite, Mohawk and Nivloc Co., Salt silver-golfor Wheeler-Kershaproperties in the SilLake City, Utah, was elected ver Peak district, recently purpresident of the Pacific North- chased .the McNamara lead-silvwest Caterpillar Parts Managers mine in the Palmetta area, Association at that group's an- and has leased the Wisconsin nual meeting held at Vancouproperty at Lida. C. B. Peak Silver At the Improved ver, Robert Storey, parts manager Black Mammoth mill is reportfor Nez Perce Tractor & Equip- ed running at approximate cament Co., Lewiston, Idaho, was pacity on ore from the Argenat the same time chosen secre- tite, Mohawk and Nivloc proptary of the organization for erties with bulk of tonnage tak1953. en from the Mohawk. This n International Minerals Sales Record Increase Brulil Firm Expanding Nevada Work d w d er gold-lead-silv-er 10,-1- E) Ore Production Looms At American Fork Property U. S. Mining Oil Drillings Steady In Utah Section 10-1S-1- 42 10,-2- 16-3S-5- 76 M) 8178-820- 7 8556-866- m Ore Shipments 1 . 85-to- n m m 5085-511- 1 5111-516- d m |