Show Grand Grund County Considered As Possible Site For Ore Smelling Smelting Complex A multi multi million dollar ore i smelting complex specifically I Ifor for the extraction of lead and zinc Is a possibility for Grand Gran county W W. R R. McCormick president Standard Metals Corporation who proposes building the mill told a group of business and civic leaders at a special meeting last Friday Friday Friday Fri Fri- day evening In the City Council Coun cil room Mr McCormick stated that tha Grand county was definitely being considered for the mill milland milland milland and that he personally favored favor favor- favored ed its location in tn this area He tie told tho group that preliminary preliminary pre pre- surveys were indicatIng Indicating Indicating ing several advantages In constructing constructing con con- strutting the complex InGrand in inGrand inGrand Grand county Necessary facilities fa fa- duties such as highway railroad railroad rail rail- road natural gas coke and water were available He lie said sald also that Grand county appeared appeared appeared ap ap- to be a good location In regards to possible ores to tobe tobe tobe be processed He lie compared these advantages advantages advantages to sites being considered consider consider- ed In tn Colorado There are certain obstacles to locating In this area how how- ever One of these obstacles is ts In tn obtaining necessary ary financing According to Mr McCormIck McCorm Ick lck the most desirable method method method meth meth- od for lor financing the project Is by obtaining a loan from the Area Redevelopment Administration Administration Ad Ad- ministration a federal government government government gov gov- agency Loans from ARA AnA however are obtainable only In areas which have been designated by the government as dc depressed Such designation tion It was pointed out Is is made upon an unemployment ratio formula which eliminates eliminates eliminates ates areas where the unemployment unemployment unemployment has been low over overa a period of or years According to the formula It tt does not appear appear ap ape pear possible that Grand county could become desIgnated designated designated as depressed There might be a possibility Mr McCormick stated that Grand county could be Included ed as part of a Western area of several counties To obtain such a designation an organized organ effort by the people of this area would likely be essar essary Murray Ruby a staff member mem ber bet of Standard Metals said the complex would utilize a special extracting formula which has proven to recover much higher percentages of the than Is accomplish accomplish- accomplished ed ed through floatation j ses Ees used In tn other smelting smelting complexes Standard Metals 11 he sald said had obtained d an ne e elusive option to use the m me method m thod from a company In England Eng Eng- land It is estimated the mill would be able to handle one and one half million tons of rock ore each year and would employ persons Mr McCormick McCormIck Mc Mc- Cormick said there was no doubt that other related Industries Industries industries In in- I would follow with the I presently planned complex eventually being only a gro gro- grocery grocery grocery cery store In a a shopping center cen cen- n- n I ter |