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Show tgj OF U LIBRARY t CITY 1 i vi:' METAL PRICES Lead (per lb.) :....ltic Gold (per oz.)....$34.9125 i 24.2c 15c Copper Zinc (per lb.) Silver (per oz.) r new mined VOL. 23, NO. 30 82.75c One Year $2.50 Salt Lake City, July 25, 1952 East Standard New Boosts Production DMAiPr6',am Shows Results Work 'j j First Year Operation During Brings In The program of the Defense Minerals Exploration Administration increase domestic ore reserves of strategic and Oil Producer critical minerals and metals is beginning to show results, l. i- - . 1 . year-ol- - i t ' Sec- i retary of the Interior Oscar L. Chapman said today. This program, under which fi- oil Completion of a well on property in which East Standard Mining Company holds a substantial interest was an-nounced in Salt Lake City. East Standard holds a 60 per cent interest in a lease in Kern County, California, site of the new well. The new producer was completed at a depth of 450 feet, according to Mr. Hugh J. Hintze, company president who stated that the company plans to drill a series of wells on the prop60-bar- rel nancial assistance is offered to encourage exploration and related development by individuals and private companies, has resulted in 12 certifications involving additional vitally needed mineral deposits. Tungsten, monazite, mica, beryl, manganese, sulphur, zinc and lead are included in the list. Certifications are made when exploration projects result in discovery or development of ore reserves in sufficient quantity to indicate possible commercial production. The average length of time fo A completion of an exploration project is estimated at a year, according to C. O. Mitten-dorActing Administrator of i 160-acr- e erty. He was unable to forecast the number of wells planned, but said that similar leases in the area has as many as 40 wells on the same acreage. The lease already had a well. , Mr. Hintze said the Richfield Oil Company was completing a well immediately off the companys north line which was rumored to have tapped a prolific oil sand at 1000 feet. He said four sands are reported to lie between the 450 horizon tapped by- the companys well and 4000, feet The company executive reported that East Standard has first refusal on 66 acres adjacent to the companys tract as well as 480 acres in Fresno County. He said the company plans to continue drilling as soon as a rig can be obtained. The company also holds a lease on 550 acres at Brush Creek, in the Uintah Basin, and owns the Dog Star mine at Hamilton, Nev. A small milling operation is planned there if water can be obtained. -- f, . : - 160-acr-e Starting the days shift at the Kelley shaft. The ore being mined through the Kelley shaft is a portion of the famous richest hill on earth, and called the Greater Butte copper ore, Project To tap the 130,000,000 tons of of Anaconda's engineers used an adaptation ; method of mining already in ue in other propera low-coties. This new development now nearly completed, will cost t level is now $27,000,000 private capital dollars. The complete and ore is currently being hoisted from this level. Plans call for similar operations on the 1300 and 2000 foot . levels. low-gra- Shell Makes At Williston g, st 600-foo- ......... Substantial Growth In Mineral Demand Forecast 18-mon- th long-rang- e five-volum- e, d' w Pa-le- y, 0. $550,-000,00- 0 y completion. Normal oil countdy percentages went out the window when the first four wildcats drilled in the basin hit oil, the Great Falls newspaper says. ; de block-cavin- The nations economy will double in size, and demand for minerals will increase about 90 per cent by 1975, according to the Presidents Materials Policy has which iCommission, just study of completed an outlook for prothe duction of metals, minerals and other raw materials. In i,ts report, a million-wordocument which undertakes to outline policies designed to assure an adequate materials supply of mineral-racommisthe our for economy, S. William Shell Oil Sompany has made sion, headed by chairman of the board of what appears to be its third wildcat discovery in the Mon- Columbia Broadcasting System, tana portion of the new Willis-tio- n predicts that by 1975 the nation oil basin, the Montana Min- will have a population 193,000,-00- 0 and a labor rorce of 82,000,-00ing and Oil Journal reports. The nations total output of Scene of the latest success of the Shell firm, which was the goods and services will by that first concern to find oil in this time reach approximately area, is in Fallon County, 20 annually, or double the miles southeast of Baker and 53 1950 rate, the report says, if miles southeast of the Wibaux and this is a big proviso the nadiscovery, the publication tion is able to secure all the raw states. materials and energy it needs In another recent favorable during the next quarter-centurdevelopment, Shells gusher in at no substantial increase in real the Glendive area uncorked costs over 1950 levels. two more flowing oil horizons The hard core of the materials In Devonian, with indications this well will have an initial out- problem is minerals, the comsays, with insidiously put very close to 5000 barrels missioncosts a far greater threat jising daily. than absolute shortages. According to the Great Falls In future demand, projecting 30 Tribune the next days should the eiimates that within report determine whether oil activity 25 U. S. connext the years, norin the area will level off to of minerals will grow or mal continue its startling sumption record of successes. Within that by these percentages: lead, 53 peiod nearly a score of wildcats zinc, 39; coppr, 43; iron, 54; chronow being drilled are due for mium, 100; tungsten, 150; anti. d mony, 81; bauxite, 291; manganese, 1845; (by far the greatest increase of all commodities); mercury, 25; platinum, 30; tin, 18; titanium and cadmium, 324, Continued on Page 2 Ore Shipments (Weejk Ended July 19, 1952) BINGHAM DISTRICT, UTAH Combined Metals Reduction Co. 200 tons. U. S. Smelting Co. 6925 tons. Utah Copper (Kennecott) 1044 854on cars daily average. PARK CITY DISTRICT, UTAH 468 New Park Mining Co. tons. 180 Silver King Coalition concentrate. tons (Courtesy J. A. Hogle & Co.) Titanium How titanium metal is made batches at the BuIn reau of Mines station at Boulder Ciljy, Nev., is described in a Bureau report released today by Secretary of the Interior Oscar L. Chapman. Since 1949, when the Bureaus first report on pilot-plaproduction of ductile titanium was issued, this metal has attained commercial significance. New techniques, which the publication describes in detail, have been developed. The batches are twice the size of the ones made three years ago, and even those ware vastly greater than the tiny batches of only a few grams that were turned out when the Bureau began developing the Kroll process at the Salt Lake City, Utah, station in 1942. 200-poun- d nt 200-poun- d the DMEA, an Interior Department agency. Weather conditions and other natural barriers, preparations for work, and the time . consuming operations themselves are factors which delayed evidence of progress until now. The number of certifications during this period amounts to of the 39 projabout ects completed. The agency has executed1 a total of 315 contracts during this period. Of this number, 51, including those involving certification, have been terminated, canceled oe withdrawn, and 264 are still in force. The 264 projects, most of them being carried on by small operators, involve search for additional deposits of 22 critical minerals in 28 states and Alaska, with total value of contracts of $14,834,816, of which $8,778,139 is government participation. DMEA has disbursed a total of since July, 1951. $2356,902.11 The total expenditures by the government for projects terminated amount to $203,547. However, 53 per cent of this was spent on projects which result ed in certification of discovery, and under the terms of the program contracts, it is repayable to the government on a royalty basis when the ore is produced and shipped. Under the terms of all exploration contracts, the government funds are repaid over a period of 10 years, on a royalty basis, from the net returns or any production resulting from the , ploration project. one-thir- d FOLLOWING IS A LIST OF MINERALS CONTRACTS IN EXPLORATION FORCE AS OF MAT SI. 195S, IN A NUMBER OF THE WESTERN STATES, SHOWING COMMODITY AND CONTRACT Uintah Basin Vital Source Of Gilsonite A total of 81,000 tons of gilsonite was produced in Uintah Basin last year, the Bureau of Economic and Business Research of the University of Utah said in its monthly review. An estimated 205 miners were employed in producing the Payrolls of the industry totaled $750,000. Over one-haof the total production was by the American Gilsonite Co., a joint affiliate of the Standard Oil Company of California and the Barber Oil Corporation. hydro- -carbon. lf Ray, Davis, operating the tle Peak Mining Co. Cas- south of Myton, Duchesne County, was the second largest producer. Other firms mining and processing gilsonite include the American Asphalt Co., at Little Bonanza, Utah Gilsonite Co., and the Raven Mining Co. The Review says that the only commercial deposits in the world lie in a belt about Go miles long and 30 miles wide, starting in Utahs Duchesne County, running diagonally across Uintah County in a southwesterly direction, and extending a few miles into Colorado. At one time, tion reports, the publica- it was believed that gilsonite was a member of the asphalt family; but today it is generally accepted as a form of solidified petroleum made up chiefly of heavier hydrocarbons. Still Heavier Hydrocarbons These are believed to have been derived from the still heavier hydrocarbons of kero-ge- n present in the Green River oil shale, through a natural fractioning process. (The report says that the principal source of petroleum.) . It theorizes that the fraction- ating process is thought to have occurred under the presence of heat, pressure and a mineral catalyst, possibly nickel, which occurs in minute quantities in UTAH Chief Consolidated Mining Co., Juab gilsonite. and Utah County $463,420. New Park Mining Co., Wasatch County The report says that the high $234,395.20. Combined Metals Reduction Co., Tooele resin content, chemical inert$222,000. Combined Metals Reduction Co., Balt ness, plasticity and high degree Continued on Page 2 of solubility in chemical solvents provide most of the prodFLACERITOS uct applications of gilsonite. Lovelock, Nev. Construction Today the industry is lookof a dredger at Placeritos, 40 miles north of here, is scheduled ing where gilsonite will not be by Gold of Ophir Placers, ac- so heavily burdened by high cording to V. C. Frazier, gen- transportation costs, it reports. eral manager. However, despite the freight He reported chum drilling has about 25 per cent of the levies, disclosed approximately 10,000,-00- 0 Uintah Basin hydrocarbon is cubic yards of dredgable marketed in foreign countries, gravel carrying gold. The company hopes to start work on the including England, Germany, Australa, Japan and India. dredge in July. VALUE: Lead-zin- c, Lead-zin- c, |