OCR Text |
Show IhJIine Industry ;1 Lpecting Goes Deeper J I Surface Plant at East Utah Property of Newmont, 7, I Where Work is Proving Costly. Jh mineral deposits on or near -fte Surface combed over, the de--tekinent of a mine today pre- k: neW and increas,ns Prob I example of this is the exit- lion program of the Newmont 41 lK Company at the East Utah i-t irty situated in the eastern V? if the Park City mining region, jv two years ago, the New-'V New-'V i'conipanv acquired control of 'f East Utah company after a "tr'' fugh geological examination a'ilince that time has expended bci $150,000 in exploration. Aiunnel is being driven to sound out Jhe productive possibilities of kU oer levels of the East Utah property where considerable shal- aowjwork has been done over the Ifui quarter century. The East ..La ' Utah program calls for the driving of a 4500 foot tunnel, of which 2200 feet has been completed. Before the objective is completed, com-pleted, it is estimated that the Newmont company will have expended ex-pended in the neighborhood of $300,000 for equipment, supplies and labor. This is a far cry from the early days when many an outcrop out-crop of ore was found on or near the surface, and is indicative of the risk that must be taken now to develop Utah's mineral resources. It also shows that practicability of encouraging strong, well financed fi-nanced companies to enter this field to insure the future of Utah's mining and smelting industry, which needs rehabilitation following follow-ing the war years when development develop-ment was necessarily curtailed by the manpower shortage. |