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Show va wiUt ...1 p- .- "! V- i r: Western Mmemf Survey ' "Jor float VoL 27: Rt. 19 . & ' V HcJt Significance in the Oil and Mining tOctld" ...... July 6. 1956 The Western Minezal Survey, Salt Lake City, Utah VVt 9,0 rlas $16 Mon Utah, Cob. Plan To Convert Gilsonite Into Coke, Gasoline A detailed preview of the first, large-scal- e privately financeed the conventional to world produce petroleum products project in from a raw material other than crude oil was revealed in New York today. Ernest F. Goodner, president of American Gilsonite Company of Salt Lake City, Utah, which perfected the process of converting the unique, solid, hydrocarbon mineral Gilsonite into high electrolytic coke for the aluminum purity, industry and high octane gasoline, outlined the pioneering aspects of the giant $16,000,-00- 0 project. Construction is well under way at locations in ColoVitro rado and Utah, Mr, Goodner He appeared before a peSS;audience of newspapermen Okehed anOefchpical magazine editors. DMK4 d. . Loan V Completion The prcecjfofplves a new processing plarit;i6i be completed in GILSONITE-TO-OI- L OPERATION y Lost Creek Mill, Justheim Deals On Nokal Dome Claims LiicliVtMcIptfr Seen In July High grade uranium ore samples from Nokai Dome properties in San Juan county, Utah, of Justheim Petroleum have stimulated sufficient interest for a working agreement according to Clarence I. Justheim, president. Three major companies New Jersey Zinc, Texas Co. and Rare Metals, Corporation of America have expressed interest in the area, Justheim said today. Under terms now being discussed, he said, the interested companies may repay Justheim for monies already spent on the properties plus an additional $100,000 on a development pro- Companies Get Good Show On Utah Land distinctjyq ..features,, .and, wilLrep-resen- t a' number of scientific and engineering firsts, according to Mr. Goodner. Work on all three has been started, as folLost Creek Oil and Uranium, phases lows: Rawlins, Wyo., is awaiting word from the Atomic Energy Commis(l.) .At Bonanza, Utah, in the sion on their request to build a Uintah Basin, the. center of the United Mines and Lookout $3 million uranium processing companys mining operations Mountain this week told stock' mill. ; since 1904, where new wet min- holders of encouraging uranium Announcement is expected-iare being intro- mineralization ing techniques on their properties . duced; t in the Elk district, San Ridge In Salt Lake City the report Jaun Utah. county, (2.) Over the intervening 71 was that the Atomic Energy Commission was completing contracts miles of rugged mountain terrain, The two companies, both Kelwith both Lucky ' Me Uranium-Uta- where a 6 pipeline is being laid logg, Idaho firms, hold 152 claims Construction, and Lost Creek. for transporting the Gilsonite in comprising over 3000 acres. According to W- - STTfutchinson, suspension from Bonanza to the s United Mines has a executive assistant to the manager .Grand Junction plant. In the Book Cliff LookColorado at Mountains of interest the in and of the Grand Junction operations project atout Baxter Mountain holds the other will the Pass, pipeline office said that negotiations were a maximum tain 8492 three of elevation eighths. nearly complete but contracts r feet; and have not been executed. One hole oh the Dwaine and Building plans are going ahead (3.) At Gilsonite, Colorado, a Wanda groups penetrated .15 per on the Lost Creek mill, according newly-namelocation near Grand cent uranium oxide. Others showto Robert Adams, president of Junction where the processing ed heavy mineralization. Lost Creek. is a on Further exploration and drilllocated A site has been selected about plant site.being When fully operating, ing will be done in the near fu70 miles north of Rawlins. A comture, according to the report. (See GILSONITE Page 4) resi0 pany town for some dents will be built near the mill. Extensive exploration work is continuing in 4he meantime Adams said in both the Crooks Gap and Kitchin Buttes areas. Six drills are at work on the Snoball and McIntosh claims in the Crooks Gap area and exploration at Kitchin Buttes started -- . n mid-July- h gram. five-eighth- Justheim, the president said, would maintain an overriding royalty interest of five to six per cent. Justheim Petroleum in April contracted for a $32,500 drilling program consisting of 200 wagon drill holes. Regarding current negotiations, Justheim said, sufficient 'interest was brought about by the fact that although 55 holes drilled averaged up to .10 per cent the significant assays U308, showed 11.63 per cent U308 and 10.82 of a $64,816 DMEA the spring of'lS.T-ahd.th- e laying proval loan for uranium exploration of one qf the world largest pipeFremont county, Wyo. in lines for transporting &Dlii maThe Defense Minerals Exterial to link.up 'thnlnes .in ploration announcement said Utah with the nfiwftjgryear government participation will Grand Junction, Colorado'-Everhe $48,612. ' min phase of the undertaking and processing ing, pipeline, N ew American Gilsonite plan covers a two state area. Drilling Successful Minerals with headquarters offices in Salt Lake City, this week received apVitro d 1200-acr- e 300-40- per cent V205. These assays were grab samples from a face of ore opened by dynamiting. President' Justheim also gave of other the Survey a activities of the company. The Justheim Process, an technique, is now in the patent application phase, he said. This process is being pushed by a New York group, he run-dow- n adds. Justheim is forging ahead on a project, manganese which, Justheim said, could develop into a $80 million annual1 profit for the company. up-gradi- The manganese project is being developed by associates in Washington, D.C. Manganese division is handled by Pyromet The Joint Congressional Atomic Energy Committee has authorized a $400 million government program for the construction, of large atomic power plants. The program, under terms of the bill, will be under the jurisdiction of the Atomic Energy Commission. The committee vote on the bill was 14-- according to Sen. Monday. Jerry Whalen, company engi- neer for Lost Creek, said work will be completed in about 60 days. Last year, an ore body of some 100,000 tons was proven on the Crooks Gap claims. 0, Clinton D. Anderson Four Republican members abstained from voting. The AEC has voiced opposition to the measure. Strong opposition on the floor of the House and the Senate is (D-NM- ). Late Report The AEC uranium ore buying station at Grants, N.M. opened this Thursday. It will serve the Ambrosia Lake and McKinley county area. (See complete story on Page 5) Under joint agreement Arentz and Comstock Oil and Uranium will develop the Bretz Mercury Mine in Oregon. (See complete story and pictures on page 3) OPEN PIT |