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Show u OF U CITY 1 LIBRARY ; METAL PRICES VLead (per lb.) , 13.5c Gold (per oz.).$34.9125 Ztopper Zinc (per lb.) Silver (per oz.) new mined Features Mining, Oili Financial Vol. 24, No. 9 Salt Lake City, Utah, February Production Takes Drtip recoverable Utahs output of The following list of minerals exploration contracts were in force in the state of Utah as of Dec. 31 1952f according to in formation submitted by the United States Department of Interior, Defence Minerals Exploration. Administration. The list is alphabetically, and includes the name of the contractor, location of the project by county, commodity involved, amount of government participation, and Yotal value of the contract in that order, The difference between the two amounts is the companys share of the estimated cost of the project. Asterisk indicates contracts exev cuted since Aug. 31; 1952, when the last complete list of contracts in force was issued. Chief Consolidated Mining Co. $231,-71Juab and Utah, lead-zin- . zinc in 1952 was approximately 34,000 tons, a decrease of 1 per ore cent from 1951. Zinc-lea- d state of 98 the cent per supplied total' zinc. About 64 per cent of the total zinc produced came from the West Mountain (Bingham) district, 22 per cent from the Park City region, and 8 per cent from the Tintic district. The United States & Lark property of the United States Smelting, Refining & Mining Co. remained by far the largest producer in the state; it was followed by the New Park Mining Co., New Park Mine, the Park Utah Consolidated Mining Co., Park Utah property, the Chief Consolidated Mining Co., Chief Consolidated property, the Butterfield Mining Co. (subsidiary of Combined Metals. Reduction Butterfield group, the ,Co.) Qphir property of the United States Smelting, Refining, & .Mining Co., and the Calumet Mining Co. (subsidiary of Combined Metals) West Calumet . Co., Summit & Wasatch, One Year $230 27, 1953 lead-zinc- , 27c 11.5c .85.25c . Large Number Of Mining Companies Take Advance Of DMEA Loan Program UtaH Zinc ; uranium, $64340.48 Wide Growth Of Utah oa San Output Seen $71,489.42. $89,994, $179,988. Privateer J. Walter Duncan, Jr., . Juan, uranium, $38371, $43,190. Mining Co., Juab, lead-zin$4031, $8062. Park Utah Con- Excalibur Uranium Corp.. EmA review of Oil and Gas in solidated Mines Co., Wasatch, ery, uranium, $53363.70, $59303. the Rockies, published by the , $21,000, $42,000. East Abe Day, San Juan, uranium, of J. A. Hogle firm brokerage Utah Mining Co., Wasatch, $810, $10,900. United Mining and Co., predicts a development c, lead-zinc- lead-zinc-copp- $109,174. Development Co., Tooele, lead-zin- of 30 to 40 new oil fields in $8274, $16,5484. Harrington Mines Co., Beaver, the Uintah Basin and its .perlead-zinU. S. Smelting, Refining and iphery in $62,620, $125,240. New years to come. Quincy Mining Co., Summit, Mining Company, Utah, lead-zine illusAuthor, of the lead-zinBul$11,929, $23,858. $308,677.50, $617355. . $54,587, c, c, c, 10-paq- c, lion Monarch Mining Company, trated booklet is consulting geDorsey Hager of Salt Piute, uranium, $24,957, $27,730. ologist Lake City. Park Heber Consolidated MinThe Uintah Basin of Utah, ing, Wasatch, fields producing from four with lead-zin$160,767.03, $321,534.06. $13,500, $27,000. R. A. Glenny different pays, should . unWest Park Mining Co., Wasatch, & Scott M. Cutler, Piute, uranone of the become EllihiU doubtedly copper, $8100, $16,200. Plateau ium, $22,050, $24,500. basins of petroleum Mining Co., San Juan, uranium, Mining Co., San Juan, uranium, important the he nation, says. $17,049.60, $18,944. Canary Min- $17,145, $19,050. Drilling costs, now high, will Sunnyside Uranium Co. Pi ing Co., Dagget copper, $24,052.-50- , be reduced and as pipe line faCon$26,725. American Fork ute, uranium, $39,114, $43,460. lead-zincilities solidated Mines, Utah, Fred Staats, Beaver, fluorspar, develop, it is not too to much New Park Mining $8019, $16,038. Woodman, Cecil $17300, $25,000. Glenn Mining $463,420. expect 30 or 40 new fields within the Uintah Basin Oo., Wasatch, R., Tooele, tungsten, $928425, Co., Piute, uranium, $20375, & its Mr. Hager ComMinand Salina ..Mining $23,195. periphery, $117,197.60, $234,39520. $1279. Lakeside Monarch lead-zin. Metals Reduction Co., ing Co., Tooele, bined $5000, Smelting Co., Kane, uranium, says. Duke $111,000, $222, $10,000. He adds that at present Tooele, lead-zin$15355.45, $16,950.50. 000. Combined Metals ReducKentucky-Uta- h Mining - Co., Page Auto Co., Juab, lead, around 5000 barrels daily are Moreno Crip- being taken from the fields,, altion Co., Salt Lake, lead-zin$885330, $17,707. Washington, lead San Naildriver $55,100. $27,550, . $17300, $35,000. White. Canyon ple Creek Co., Juan, uran- though the potential is several lead-zinSan Juan, uranium, ium, $19360, $21,400. Boomer times larger. Mining Co., Wasatch, Mining Co., $447,138.40, $52376. J. R. Simp-lo- t ang Mining Co., Grand, uranium, $42,063, $84,126., Mr. Hager sees a 100 par cent In the Park City region the Park Utah Consolidated Mines Co., Wayne and Garfield, $21,709.84, $24,117.60. jump in natural gas consump Park Utah Consolidated Mining tion in this area, noting that Oo. property was shut down on present use amounts to 36 bilJune 25 because of a labor strike lion cubic feet annually and the Silver King Coalition The natural gas ultimately' Net: sales of the Dr." Pepper Mining Co. closed" Aug. 15 bewill be exported to Idaho, Necause of low metal prices and Company in Dallas, Tex made vada and the West Coast after was idle for the remainder of I a sharp increase of;23 per cent state need have been satisfied, the year. The Chief Consolidat-- 1 in 1952 during a year of expan-e- d .Mining operators in the .United Sitates are praised for their he says. Mining Co. property in the II sionM.for the company, President response to the minerals exploration assistance program, aimed at He says that the gas price at Grene reported recently, Tintic district (.was shut down L. and developing vitally needed domestic ore reserves, Clear Creek (in Carbon County) discovering by a labor ? strike for. nearly L Net earnings of 82 cents a in the annual report of the Department of the Interior for the of 15 cents per 1000 cubic feet three months during the sum-- 1 share in 1952 were reported, fiscal year ending June 30, 1952, released today. at the well head will stimulate mer. with total net earnings for the much new drilling to find natReference to the part played - I year of $574,169. The report 4 ural gas reserves. At such a showed a decline in net from by. many mining operators in dorf stated, "The IMEA has a price, gas producers can make a $643,787 in 1951, with per share the governments efforts to in- leading part in solving the prob- good profit from moderate sized 1 1 D earnings that year of 92 cents. crease our domestic sources of lem of determining the future wells. taxes dipped critical minerals and metals, mineral resources of the United Earnings before Of the Wasatch Plateau in slightly to $1336310 from was made by C. O. Mittendorf, States.. Carbon, Sanpete, Emery and The report declared that once Sevier Counties, the year before. Mr. Hager says: administrator, defense minerals explo.ation, in that section of its major problems of organiza-tiq- Gas and oil leases in this area were solved, the DMEA now cover some 90 miles in the annual report which describes activities of his agency. took definite steps to expedite length and 25 miles in width. TIGER, Ariz. Magma Cop- Seagoin Metal All this area will not proper Co. has issued 10,000 shares The ' establishment of this the program.' The report cited New York The in first tugboat of its capital stock to St An- Harbor to be fitted with a Monel minerals exploration assistance that the form for application for duce natural gas, but within it in an . Exploration Project there are numerous e aid thony Mining and Development (propeller shaft is still using the program is based on the places (MF-10was .evised for the where natural gas should Co., Ltd., in exchange for subbe that private mining interinstalled over 12 shaft original of at and Minpurpose simplification found. The all St be favorable, Anthony stantially ago. This excellent per- ests, whether large or, small, same time the contract form tive acreage comprisesprospecThis years more ings properties near here. housformance is attributable to the encouraged to share in the re- the (MF-20was to revised render than included realty, buildings, he 150,000 develacres, reports. resistance of Monel, a high nick- sponsibility of finding and He says that potential reo.e it more adaptable to the needs needed these ing, mining claims, machinery corrosive waters such to vitally el oping alloy, N both of the government and the serves in the FeJron formation and equipment as those present in industrial reserves, dr. Mittendorf pointA new short form at these prospectiveare as should St. Anthony halted its busi- harbors. ed out in his report. Thus, the operator. (MF-200contract was added ness and mining operations in government through the DMEA, for use in connection with proj- be between four to six trillion 1952. Since then it has been mediate cubic feet. housing and other offers to the mining industry, can ects be administered that ManSan His review covers oil and gas its and It small provides the buildings. pf operdisposing and particularly liquidating rao.e effectively on a basis of prospecting, production and uel with immediate housing and ators, financial aid on a properties. unit costs rather than transmission in Utah, Southern The St Anthony properties other construction not present basis of 50 per cent, 75 agreed actual oo4ts, thus eliminating Wyoming and Western Colorado, adjoining those of San Manuel ly available for carrying on its per cent, or 90 per cent in the the necessity for cost account with notes on Idaho cost of an exploration project' Copper' Corp., wholly owned work. Continued on Page 2 In addition, the underground said Mr. Mittendorf. He exsubsidiary of Magma, where a copper orebody mine , openings of the St. An plained that the actual amount large is being developed. thony properties contain a im is determined by the strategic The primary purpose of the portant source of water which need of the mineral sought, and acquisition of St Anthony in' will provide San Manuel with the chance of its discovery and in commercial ing is to get that firms housing, an additional water supply. development with equipment, It is understood the St An- quantities. , dispensary school house,, stqre, office ware- thony Mining will retain the acThe Mr. Mittendorf declared, house and other buildings. It quired Magma shares as an response by mining operators is provides San Manuel with im-praiseworthy and the activities of other government agencies, such as the establishment of purchase depots, so far for manganese, chromite, mica, and tungsten; the development of A basic industry like mining, agriculture or manunew techniques for use in findfacturing is the backbone of Utah strength. And when ing and developing ore deposits and the progress in devising a basic industry has a problem, it affects everyone. fo- - utilizing- marginal methods Dimensions 24 feet long by 4 feet wide. Minings problem right now is how to keep operating and subtmarginal ores at low in the face of rising costs of labor and supplies and costs, should help accelerate fuChain driven, mounted on trunnion wheels. ture exploration. high taxes, while prices are dropping sharply. It With its relatively small calls for a solution . . . fast. Contact Mack Frost, Kanab , Utah force, aided by the cooperation of tiie Bureau of Mines and GeojflQKi Mr. Mitten ological Survey, Louise W. Garrick, Millard, tungsten, $20,023, $26,700. Silver King Coalition Mining Co., Summit, Wasatch and Salt Lake, lead-zinc-coppe- r, c, . c, c, 0, -- lead-zinc-coppe- r, c, c, , inc-copper, c, ..... c, -- Reports Profit eratprs Praised For Exploration Efforts ' . . . Ilf Magma Voppcr Increases Land Holdings . $1,-2623- 01 n - tprin-cipl- . 3) 0) share-the-co- st . - low-gra- de imiEiRi - IMES&g&c FOR SALE Rotary Trommel - ranging gseeaenanetei |