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Show HBDHICK & SHObaRT ATLAS BLOCK i . CITY VALLZI ALT LANS H1LTU MICES IILVKB If UAO. pw COrnK GOLD UNO (N (w m, mam IN MVis bIh4) UM Nik Ml Mik Features Mining, Oil, Financial Salt Lake City, Utah, January 30, 1943 VOL 19. NO. 5. On Year $2.50 Utah Mine Production Hits High Level California Mines Far From Normal Increased Oil Production Seen in 1948 Gold production In California 1947 increased only 15 percent over 1946, and silver output was higher approximately one-fif- th than that of the previous year, according to --the San Francisco Office 6f the Bureau of Mines, United States Department of the Interior. Lead production increased to the highest point since 1917, but copper output was roughly half the production in 1946 and zinc output was considerably lower in 1947 than in the previous; yeai. Gold Values Up ' . California lode and placer mines in 1947 yielded (in terms of recoverable metals) 410,760 fine ounces of gold valued at 614,376,600 (356,824 ounces valued at $12,488,840 in 1946), 1,642,800 fine ounces' of silver valued at 61,486,734 (1,342.651 ounces valued at 61,084,862, in 1946), 4,760,000 pounds of copper valued at $994,840 .(8,480, -000 pounds valued at $1,373,-76- 0 in 1946), 20,380,000 pounds (19,864,000 pound's valued at $2,163,214 Mn 1946), and 10,600,-60- 0 pounds of zinc valued at 61,240,200 (13,754,000 pounds valued at $12677,988 in 1946). These preliminary figures are actual mine based on 10 months reduction with r estimates for ovember and December. Although, complete data for classifyinggold production' are not ' available it appears that placer mines contributed approximately 78 percent of the 1947 output and lode mines 22 percent' Again, as in 1946, the placer produc..majorrpart f4he. tion came from connected-buck- et dredges, Drtdrei Active The Yuba' Consolidated Gold Fields, opera ted five dredges In the Yuba River district, Yuba County, during 1947, two in Butte County, and one in Siskiyou County which resumed operation in September following . a shut, down since April .1946, The Natomas Co. operated their entire fleet of seven dredges in the Folsom district, Sacramento County during 1947. The Gold Hill Dredging Co. operated two dredges on the Feathei River,. Oroville. district, Butte County. Connected-bucke- t dredges were operated also by the Merced Dredging Co. and the Snelling Gold and Dredge Co., Snelling district, Merced County; Cosumnes Thurman St ..Wright, River district, ' and the Capital Dredging Co. and the Lancha Plana Gold Dredging Co., Folsom district, Sacramento County; Thurman Gold Dredging Co., Redding district, Shasta County; Yreka Gold. Dredging Co., Klamath River district, and the French Gulch Dredging Co., Deadwood district, 'Siskiyou County; the La Grange district, Stanislaus County; and the Junction City Mining' Co., Junction City district, Trinity County. Lode Gold Gold production, at lode mines remained about the same in 1947 as in 1946 and the general outlook for this class of gold mining was not a bright one. No' lly did many former producers (Continued On Page 4) The nations oil industry hopes to step up production by six per cent in 1948 to win its battle against unprecedented and unexpected demand which swamped it in 1947, forcing voluntary oil allocations and sending prices spiraling. Its goal Is to turn last years production deficit of 2000 barrels of crude daily into a margin of 50,000 barrels dally above 1948s estimated increased demand. To do it, the industry must have enough steel to drill new wells. Distribution facilities must be increased. Maximum production rates must be maintained at wells and refineries. It also will need an assist from the weather, for severe winter seasons could revise upward the estimates of fuel and' heating in . - . New Ore Showing Cut At Goldfield needs. . Crude Prices Soar I 133-pcent a in increase and on one Soaring copper output There is every indication pro- 31 cent 1937 in in metal Utah will be increased in 1948 in rebounded duction gold, per Nev. mining The GOLDFIELD, high attained Goldfield Deep Mines Operation, with great vigor from the lows of 1946 and gave the State one of over the fcall-tiunder Ihe guiding hand of the the best peacetime years in its mining history, according to the rn were drilled but executives Newmont Mining Corp., was Salt of the Bureau of Mines United States throughout the industry hastily blazing a brilliant trail this ment o , fuU Interior Silver, lead and zinc also made Depart good rec- - point out that lack of adequate week as workmen drifted along the newest discovery, which at ords silver gaining 80 per cent in quantity, lead 57, and zinc 49 steel supplies may prevent pro- duction from exceeding expected first was believed to be just a per cent, demands by more than a trifle, branch off the main inpromising The value of each metal vein, but which may turn out to creased markedly over that in ully at this time: The only large I Crude .prices in the closing ore body. This sen- - 1945, be the 5? :!,47 rising 131 percent, mine knoWn to have shut down I highest years sational development came so silver gold ecause of the expiration of the 103, copper 200, lead 110, suddenly, that for a time even and zinc 43 percent to reach a Plan was the property of the I nP? Newmont engineers hesitated to combined value of $156,324,815, National Tunnel & Mines Co., an .threat today, 1948 is say that the find of last Septemor 160 percent above the. value mportant producer of copper, In0t expected, to sea a stabilize- ber, which occasioned such a ot the five metals in 1946 and ead, and zinc in the West Moun- tion of crude purchase prices stir in the mining world, may 25 more than the previ- I be only a. comparatively weak ouspercent remiungreuil value, peak of $124,562,540 reached continuation of t big. Jedge it- ed curtaUediOr-ahiftdifwere x5E4. te value., 1943.iOf ..the-Sta- te toil cannot be expect-I selfr in 1947, copper contributed 71 erent ore, and undoubtedly However as footage is piled percent, gold 10, zinc 6, lead 9. some operators were deterred further .work on up along the drift, and the vein jand silver 4 percent, from hold, to a steady minimum of 5 little promise BaJed on reporU by operator. posit, that held for many months to come. a under except premium price ipated and receipts at smelters and mint Estimates offices for 10 months of the year plan. On the other hand, it several should be noted that and with November and Decemtheir 'first ship- ber estimated from other sources properties made In lh? umm? --?r.lrommlttM report, 1947 demand. of information, preliminary figI were 10 ures for 1947, with comparative ntended to remain in per cent higher than in produc below. for are 1946, and. expects a further ln- given figures crease of six per cent in 1948. T Mining Output of ore in 1947 increased The committees estimates: Production:- 5.867.0(10 1947 leading dis- Although skilled miners were n each of the three still needed at some Utah op- tricts. In the West Mountain barrels daily (including 357,000 erations in 1947, the labor situa- (Bingham) district, production of barrels of natural gasoline and tion was much improved, and the ore and of each metal was con- - 432,000 barrels in imports). more than double that mand: 5,869,000 barrels (includ-- n over-a- ll outstanding performance 1946. in of the, metal-miniPrincipal increases were ing 459,000 in exports). Differ-:ro- m industry the Utah Copper mine of ences: Demand exceeding pro-t- he LOS ANGELES, Calif. A mo-- 1 nnJ Kennecott Copper Corp. and auction by 2000 barrels daily, bU.riectricoil WUtar ffifc Production: 6045.000 Bto the United States it Lark group . 1948 ham nd Garfield Railroad, of the United States Smelting, barrels daily (including 385,000 rrSng SL chin which hauls ore from the mines Refining it. Mining Co. In the in natural gasoline and 475,000 PI1 in Bingham Canyon to mills and Park City region, ore production imports). Demand: 6,195,000 bar-neaTplpliniinff hpTcfh doubled; output, of gold rels daily (including 400,000 for nnnSSJ smelters in the Valley. The strike t when hi drilling j was callecl on . October 22, and and silver changed but little, and exports). Differences: Production 3 f I within a short time the Utah copper increased slightly; lead exceeding demand by 50,000 bar-a-nd locations, the $250,000 rig will Copper mine and the Arthur and zinc, however, made large rels daily, save an average of $5000 a well, Kennecott the of gains. Each of the four leading Magna mills aCwf?f1 'Company officials. - Copper Corp. had ceased opera-With- in operations in ' the district pro- - - 11 a few hours after roll- tio Production from the prop-In- g duced more ore than in 1946. In O0la JllVCf the rig into position, drilling erties of the United States Smelt the Tintic district production ore Gold production in the Unitcan be gotten under way to ing Refining & Mining Co. was increased appreciably; gold and States in 1947 rose one-thi- rd ed to two miles. the strike, zinc declined slightly; and silver, above 1946 and was the largest depths up not affected by greatly eShell is using the as a fleet of trucks was pressed copper, and lead- recorded good since 1942. Silver output likepower earthprober in its moun- - into service to move ore from the gains. The West Mountain (Bing- wise gained and was one-ha- lf tainous Ventura, Calif., fields. mines at Bingham to the com-T- ham) district produced 89 per- greater than in 1946, although entire drilling operations pany piants at Midvale. The cent of the State total value in below prewar and early can be operated from, a dash- - rfrike was settled on November 1947. the Park City region 5, the notably war board-lik- e year' panel on the derrick 5, and on the following day Tintic district nearly 3, and refloor by use of a fingertip re- - work was resumed at the Utah maining districts less than 4 permote control station, the com- - Copper mine, cent. y- mines lode The number of Pany Milling And Smelting The rig is Shell s answer to producing in Utah increased from The custom concentration mills need for a new way of checking g8 in 1946 to about 112 in 1947, rising drilling costs and increas- - a gain of 27 percent. However, (3900 tons daily capacity) in the ing the rate of well completions. tonnage from many of these Salt Lake Valley were operated additional mines was relatively at a considerably higher rate at small,1 and a number made only in 1947 than in 1946, yet .The below total the much capacity. two or one shipments during concentrator Midvale 1700-to- n year. States United Smelting, the of Mine production of gold, silver, copper, lead, and zinc In Utah in Improvements in many of the Co. operated it Mining Refining metals 1947 by month, in terms of recovered factors affecting metal produc1947 resulted in all year and continued to treat in Utah tion in Gold Silver zinc-leMonth ore, taost of a tremendous increase (129 per- largely company-owne- d from came (fine (fine from which cent) in output of ore in the West ounces) ounces) estiproperties 13,245,691, tons in 1946 to an haS -district 6,840,000 7,360,000 Mountain Wbal 1947 44,970,000 (Bingham) 31,675 592,300 tons 000 in 30,370, mted January of the 6,730,000 the 7,480,000 property 43,600,000 31,125 610,200 been exceeded in and from rfntae p- -0' February figure tht in the Co. 7,470,000 Park 8,040,000 New 48,500,000 Mining 33,970 631,950 March history only in the period rould 8,800,000 8,340,000 1941.44, Most of this gain was Park City region. The 1500-to- n 46.940.000 36,530 660.265 April International of the concentator 9000.000 50.180.000 39,370 728,450 made at the Utah Copper May ...' wl to, at Co. 8.920.000 8400 000 .but several other large produc- - Smelting it Refining 47.350.000 36,620 660,000 June 6.480.000 6.020.000 I era aa well as a number o Tooele operated at such'times 46.970.000 37,474 593,165 July Utah 7.960.000 8740,000 smaller ones, pushed their ton as milling ore was available; the 47.160.000 656,000 39,825 August I 1946 treated which 6.120.000 only 8.090.000 46.290.000 above . ... unit, 37,954 656,635 copper September nages considerably 6070.000 I levels. 7.480.000 32.920.000 ore from the property of the Na25,400 521 435 . October Tunnel it Mines Co., was tional in 28,150 522600 . 32,310,000k 7,600,000 KXniK November The extent to which mining of Metal Mining Industry 8,090,000 45,000.000 617,000 December utah was affected by the expire closed in August. The bulk I oiUltih Total: 1947... 413,093 7,450.000 532,190,000 96,200,000 84,200,000 tionof "the Premium Price Plan Continued On Page I 178R?3 .22?,!W?,00') 1,??,000 56,584.000 on .Tune 30 cannot be appraised er -- . I me I . 1 . , - . & Mat SSSigSZ I -- . 1 . . - I De-sidera- bly ng - , S, w Eft rly cl - 900-hors- I he - 3E2H?1 . I , Mines Hold Production Steady ad . ..... ,114?? 1 |