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Show 2 July 4, The Western Mineral Survey, Salt Lake City, Utah 1938 Coeur d'Alene Final Figures Show Utah Future Will See Higher Price Metal Output At Record Level Mines Considers For Gold, Expert Predicts Hecla Agreement Potential gold prospectors in Continued from tegic minerals by assisting in the western area can look the financing of exploration Coeur Persistent reports West Mountain (Bingham) In ward to a time wen the projects. dAlene Corporation is Iron Factor trict of Salt Lake County. The tion were for approved cious metal will bring a higher considering a proposed remainder the silver, Utah,projects with the government the offered by lead and zinc was recovered ing agreement price, if a prominent mining In the cost Hecla viding were Output Company ores from and official and world traveler is largely and pivate industry confirmed last Thursday by Dr. siliceous ores mined in the Minerals correct being sought include H. of the Of president Park City and Tintic districts. Copper copper, lead, conviction is tungsten and Coeur dAlene firm, following Utahs producing mines uranium. The governments For many years mining men said Andre Dorfman to Page 1 dis- of 1951, .31,022,752.46 Utah Drilling Results In New Oil Shows Continued from Page 1 in 7 minutes; recovered 30 ft. very slightly oil and gas-cmud. Crews drilling at 2734 ft. Willis Moon No. 1 (Duchesne Wildcat Well No. 2, located in Total SE SE, Sec. depth 7600 ft., plugged back total depth 7464 ft. Carried out 4 ft. with addizatlon at a total of 9000 gallons. Packer ut 13-4S-4- 7260-746- ft Flowed load and hours 15 minutes. Swabbed down to 7225 ft. for 5 2 hours, no show. Swabbed barrel acid water an hour with scum of dark green oil for 5 hrs. Swabbed dry in last 5 hrs. Went in and found anchor tool and one joint of drilling pipe plugged with shale found top of casings at 7312 ft. C. O.. set retainer at 7221 ft. Swabbed 7 barrels acid water with very slight show of oil, no gas, in 14 hours. Pulled retainer. U.S.D.A. No. 1 (Vernal wildcat well No. 6, located in SW Total depth SW, ). 8512 ft. Ran Schlumburger Lane Wells. Core No. 29, at and 8471-851- 2 ft, recovered '41 ft. Core re- No. 30,. at 8556-861- 6 port Core No. 31, ft, recovered 44 ft., no at 8616-866- 2 ft. Crews cor- ing at 8709 ft Canyon - Government No. 1 (Jack Canyon wildcat well, located in SW NE, Sec. test was atA drill-ste6 between ft., tempted Drill-steNo test tool plugged. 20, at ft, open 3 hrs., had a good blow, increasing slightly throughout test recovmud. ered 100 ft slightly gas-cCore No. 16, at 8307-3ft., recovered 24' ft. .Crews drill8193-833- m 8191-833- 6 ut 4 ing at 8353 Mining ft. C. Mowery, zinc, con- tribution will be repaid, without interest, through a royalty on net returns from any ore discoveed during the exploration project and mined within 10 years. , .. . St-- Cauls, Mo. The free world is looking to Africa as an increasingly important source of zinc, Francis Cameron, vice president of St Joseph Lead Oo., said here. He told the American Zinc Institutes annual meeting that Africa last year produced 5.5 per cent of the free worlds output of zinc ore, and that production there in the next 10 years would be boosted substantially. Simon D. Strauss, vice president of American Smelting & Refining Co., said that barring interruption to poduction, legitimate needs for zinc in the western world can be met. Summit Springs Test Continues Ely, Nevada Summit Springs test well No. 1 recently reached a depth of 11,342 feet according to Kenneth Bishop, Continental Oil companys geologist in charge o operations. He states that the present rig is capable of drilling to a' depth of 13,000 feet plus, but hat how deep they will go will depend upon a number of geological and other factors. There has been no significant change in the formation and they are still in the Pennsylvania lime, Mr. Bishop said. The underlying formation is termed Mlssssipian lime and may be encountered any time, Mr. Bishop stated. When asked that if no oil was discovered in the present well would it mean that there is no commercial oil in the basin or in that area, his answer was no. He explained that usually other test wells often have to be puli down before a producer is brot in. He expressed himself as believing that in time oil would be discovered in Submit One New or Renewal Subscription Accompanied by One Additional New Subscription. . A TOTAL COST FOR BOTH OF - YEAR Single Subscription 1 - Zinc From Africa SPECIAL OFFER 2 YEARS a meeting of the board of directors, says the Wallace Miner. He did not disclose any details of the proposed agreement, but, in response to a Miner query, said it was the best, offer embodying the most favorable terms that the company has received to date. The company has, in the past year, received several similar offers, both from large operators in the district and from substantial outside mining interests. The company has been continuing development of its large holdings hi the silver belt south of Osburn through periodic assessments. At the meeting last Thursday, directors postponed the delinquent date of the current assessment to July 28 and the date of sale of delinquent stock to Aug. 21. Sinbad Valley Copper Work Described A wartime sampling and metallurgical investigation of the Colorado Copd per Company properties in 80 miles southwest; Valley, of Grand Junction, is described in a Bureau of Mines report released today by the U. S. Department of the Interior. The development program included surface tenching, rehabilitation of several adits, and channel sampling of the deposits, which are along the County line near the Utah border. Assay determinations were made on 204 samples from surface and undergound workings, and are published in the eport. Ore samples were taken from the Colorado No. 3 deposit, Pyramid group, Copper Rivet claim and Sinbad claims. Assays ranged as high as 10.24 per cent copper, but most of them were less than 1 per cent. Metallurgical tests at the bureaus Intemnountain Experiment Station, Salt Lake City, Utah, indicated that ores from Sin-ba- Mesa-Montro- tile Colorado No. 3 se and Pyramid claims can be treated successfully by leaching with sulfuric acid. This method cannot be applied to ores from the Copper Rivet or Sinbad deposits, however, because they have a high calcite content. Flotation methods alone recovered less than 60 per cent of the metal, with a 14.24 per cent copper concen- trate. My have known that copper in mine waters will precipitate as metallic copper on any piece of iron placed in the water. Most of the exceedingly fine particles of metallic copper are usually from the iron and washed soon after being precipiaway tated. Therefore, the most noticeable feature of the process is disappearance of the iron. Mine track, pipe, pumps, tools, even nails in the miners shoes might be eaten away in periods of only a few weeks. About .1860, this destructive chemical activity was turned to advantage by placing pig iron and iron scrap in mine waters and collecting the precipitated copper, metal commonly called cement cop- per by miners. This practice has become common and profit-- 1 able in mines with appreciable dissolved copper, to supplement regular mine production. Cement copper operations, are active in Montana and California and expansion of this phase of copper mining appears promising. Waters of many inactive copper mines in the West are potential sources of cement copper. It is estimated that 300 to 500 tons of cement copper was produced in California in 1951. Total copper produced in 1951 in California was about 830 short tons. Formation of cement copper hinges on the relative positions of copper and iron in the Electromotive Forces series of elements. This is a list of metal3 in the order of their natural electromotive activity. A given metal, placed in a solution of another metal below it on the electromotive list, will go into solution causing the previously dissolved metal to precipitate in metallic form. Copper is below zinc and iron in this series, so these metals go into solution while metallic copper is deposited from copper solutions. Lead, on the other hand, is below copper and is not affected in copper solutions. Iron is used to precipitate cement copper because it is abundant and inexpensive as scrap. Galvanized iron is just as effective as common iron or steel because the zinc coating also replaces copper in solution. Because of this electromotive activity, other materials must be substituted for iron and steel in all equipment used in the cement copper processes. Woodtanks en, concrete or are used. Bronze pumps and nails, copfittings, copper-coateper wire, and plastic, rubber, or lead pipe are commonly used. copper-bearin- lead-line- d d Year $2U0 2 Years $4.00 INDUSTRIAL PAINTING & DECORATING Western Mineral Survey UTAH SALT LAKE EAST FIRST CITY 1, 7-45- 54 Kerr-Addiso- 1750 Park Street Salt Lake City Gold Mines share- n holders, that all governments will in due time agree to a higher price for gold. The managing director and vice president who presided over the meeting - of Canadas largest gold producer, made it clear that there was a constant and ample supply of U. S. dollars available for the purchase of free gold. He has recently returned from extensive travels abroad. One gets a strong impression that governments in Europe and the Orient have lost control of their monetary systems. People outside hard currency areas have lost faith in their paper money. Elver since the Canadian government has allowed our inpg to sell gold on the free markets of the world, we have felt that certain puzzling ques tions required clarification, and after several months, of investigation, I would like to share with you what I have learned. The proportion of the worlds gold output absorbed for hoarding purposes in 1951 showed a very sharp increase. Western Europeans bought last year $175 million of gold and the Middle . g - strength- ened, de-lodg- ed J. H. DAVIS Phone SO., Colo. DENVER, $3.00 $5.00 TAKE THIS UNUSUAL OPPORTUNITY OF KEEPING INFORMED ON ACTIVITIES IN THE OIL AND MINING INDUSTRIES 22 pre- operat- Of SUBSCRIBE NOW 1 Mines $895,216.22. clined from 86 in 1950, which included two placers, to 82 lode mines in 151. Steps were taken by the federal government to stimulate production of critical and stra- - for- tha,t pro- de- Sec.-9-6S-21E- explora- gold, zinc-lea- d set at 7325 add water 17 ! Eastern and Far Eastern countries have absorbed at least as Industrial much. The consumed another have Arts so-call- $350 million. Thus, a total of $700 million gold was absolved in 1951 for purposes. As newly produced gold during the same year amounted to a little over $900 million, only about 25 per cent of it was available for monetary reserves of the worlds state banks. (To avoid confusion, the price of gold is taken non-monet- at ary $35 U. S.) Actually, only governments can buy it all tills price. Nationals of such countries where gold can be bought legally or on the black market, which in many states is the official one, and where daily quotations ranged in 1951 at between $38 and $42. U. S. A had to pay much more than the prices quoted. This is due to the difficulty that hoarders have in acquiring the dollars. In a recent report, prepared by the United Nations and known as Measures for International Economic Stability, it was recommended that changes be made in the structure and policies of the International Monetary Fund. This report admitted that the existing gold reserves of most countries were not sufficient to maintain a reasonable sjtable flow of imports and exports, and was in favor of raising the price of gold uniformly in terms of all currencies. The diversion of a large proportion of newly produced gold fo hoarding purposes is a matter of much concern to the Central State banks who maintain that the supply of gold is already quite inadequate. . American Smelting American Smelting & Refining Company this week declared its regular quarterly dividend of 75 cents on common shares, payable August 29 to stockholders of record August 8. ' |