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Show OF U UlWAWC CIT 1 wE Features Mining , Oil , Financial VOL. 25, NO. 4 Salt Lake City, Utah, January One Year $2.50 22, 1954 Silver Buckle Names Utah Men To Board Nevada Mines Produce' $42 : Million i WALLACE, IDAHO v 'A. a. Preliminary 'datiRndicate that Nevadas 1953 'output of copper Silver Buckle Mining company has increased its board of directors from three to five members to provide for closer integration with New Park Mining company of Salt Lake City in their mutual exploration and development project at Minthe Vindicator Silver-Lea- d ing company property east of Mullan, it was learned yesterday. will) xqe6d the 1952 output by 8 rcent s the record 9ffi9 TL tpn s in 1917. In Hw afiftBned 62 percent, lead, 34 percent, silver, 24 percent, and gold, 12 percent, 1952. The estimated total valueof the .fiye metals was $42,184,145, an increase of 5 percent over $40,086,746 in 1952. and-surpas- con-tritet- T- com-paredwi- H. H. Cranmer and Clark L. and vice presiof the . New dent, respectively, Park firm, have been named to fill the new board vacancies and Wilson has been elected vice president and manager of operations of the Silver Buckle company. W. Gold Wilson, president Continued in office were Dr. F. E. Scott, president, and Alden Jack' D. Gay, Hull, secretary. formerly vice president, is now treasurer and assistant secretary. Work on the shaft and deep-levexploration project, which is being done under a $229,500 defense minerals exploration contract, is mov ing ahead rapidly, with Gale A. Hanson of Salt Lake City in charge as superintendent, Wilson to.d Lie Wallace Miner. Rehabilitation of the first 543 feet of the adit tunnel . is , about . Tuis indtded completed,, of for track ' relaying of installation air and wagauge, ter dines and vent pipe and ditching: Improvement of dumping cilities at the portal and rebuilding the approach road to the surface plants has been completed. and Haulage equipment mucking machine are already at the site and a supply of timber and explosives is on hand, he said. A used hoist has been purchased in Salt Lake City and delivery is pected shortly. It is a unit manufactured in Wallace by Coeur dAlene Hardware and Foundry company. The job of enlarging an additional 110 feet of tunnel, from the 540-fopoint to the shaft site, will be underway by toe end of this week,. Wilson stated. It will be widened two feet and raised a foot Copper ore yielded 60 percent of the Nevada gold output in 1953. Kennecott Copper Corp., Nevada Mines Division, Robinson district, White Pine County, was the states leading el he-said- 24-in- ch With release of information by the United States Bureau of Mines reflecting duction for the past years, interest is turned to possibilities for the current indications point to another great output record, as huge new copper sources n'l and gas increased and development of the great new uranium industry the production stage. United States Mineral Production At New High Mineral production in the continental United States during 1953 was the greatest in history, according to a year-en- d summary re-b- y d leased today Secretary of the Intenor Douglas McKay. The of Bureau Mines. the in was mary Total value of the Nation's 1953 found to mineral production is estimated at indications that it may be when final exceeded figit have $14,346 million, 7 percent higher on in. While are ures data producthan in 1952. The greatest increase tion of sand, gravel and stone are was in fuels, but production of likely that nonmetallic minerals and of met- incomplete, it appears set in annualso was record new a als also rose. al output of these commodities. New highs in both physical volThe greatest production of iron ume and value of petroleum and ore in history was a highlight of national gas production during the last years metal mining operayear far outweighed a continued tions in this country when shipdecline in coal output Production ments of 117 million long tons exof oven coke and coal chemicals ceeded the 1952 figure by 20 peralso increased considerably. cent The availability of new shipLast years production of the fer- ping capacity on the Great Lakes In additilizer minerals, .phosphate rock was an important factor.ferro-alloy of all and potash, was the greatest in tion, production in this mined metals country, exhistory. Output of crude gypsum was for cobalt, substantially Continued on Page 2 approached the previous high with cept higher than during the preceding year. Domestic tungsten producFOLLOWING ARE SOME OF THE LISTED AND OVER THE tion, for instance, exceeded conENACTIVELY COUNTER COMPANIES WHICH ARE EITHER sumption, permitting additions to GAGED IN DRILLING OR MINING URANIUM ORE, OR HOLD Continued on Page 2 POTENTIAL URANIUM PROPERTES: OVER THE COUNTER LISTED ISSUES Cardiff-E- ast Aladdin Uranium Corp. Utah Week Ending January 16, 1954 Howell Consolidated Uranium Little May BINGHAM DISTRICT, UTAH Great Basin Magnolia Lead Combined Metals Reduction Co. Mayflower Majestic OH 100 tons. ' Oil Incorporated Mono Kearsarge U.S. Smelting, Reg. & Mng. Co. New Park Uranium Oil & Trading . 7,705 tons. Plumbic Mines Uranium Corp. of America Utah Copper. (Kennecott) 968 Oil U. S. Uranium Corp. n Prosper cars daily average. Sun Uranium Royston PARK CITY DISTRICT, UTAH Stiver Shield Federal Uranium Corp. New Park Mining Co. 1,231 tons. UPON INFORMATION FREE REQUEST. EUREKA DISTRICT, UTAH Just check the companies in the above list you desire information Chief Consolidated 30 cars. on, fill out the coupon below and a report of the designated com-paniBlossom Iron 3 cars. will be mailed to you without obligation. Mines 2 cars, Empire Please send me a report on the companies I have checked in the Plutus Mine 2 cars. above list AddreM R. L. Garity 5 cars. Dragon Consolidated 22 cars. Nhm Mammoth Mine 5 cars. PIOOIE DISTRICT, NEVADA Mail t-oKennecott Copper & Consolidated 1,959 cars. n Coppermines combined SALT LAKE STOCK, EXCHANGE BUILDING 39 Exchange Building Salt Lake City, Utah average. J. A. Hogle & Co., Mining, Dept. sum-epare- Ore Shipments . 85-to- . . es C CAYIAS BROKERAGE CO. the high mineral proand coming period. All are readied, demand for is pushed further into v - ot . th 80-to- Sunshine Work On Tungsten Underground work is again underway at Sunshine Mining companys Little King tungsten exploration project, near Dear Park, Wash., following completion of mine camp buildings, Rowland King, Sunshine exploration engineer, reported in Spokane this week. Six men are currently employed at the ' development, which got underway last summer, and underground operations .are on a basis, he said. To date about 150 feet of progress has been made on an adit tunned into the south side of Blue Grouse mountain at an ele- two-shi- ft vation of 3700 feet. New mine camp facilities recently completed include a combination cookhouse and miners change house near the tunnel porsnow died covertal and a from the portal to the tracks ing the waste dump, he stated. The access road to the property has also been improved. Other surface facilities include a previously constructed compressor building, which houses a gasoline-powere- d air compressor, and fuel and water tanks. gold producer and was followed in order by Consolidated Coppermines Corp., also in the Robinson district. White Pine Extension County; The London Mining Co., Goldacres open-p- it Bullion district, Lander mine, County, the only major property working gold ore In Nevada in 1953; and the Natomac Co. bucket-lin- e dredge, Battle Mountain dis- trict, Lander Co., Nevadas only large-scal- e placer Operation. The four leaders contributed about 92 percent of the State total gold. Lode mines yielded approximately 85 percent of toe State's gold In and placetf mines abdut 15 percent. Sih The decrease in lead and zinc production in 1953 was reflected in the silver decline which established a new State low for the past' 54 years. Combined Metals Production Co., Pioche groups, Pioche district, Lincoln County, milling lead-zin- c and manganese oresr continued to head the list of silver producers, and byproduct silver from copper ore was an important contribution to the state total. Sunshine Mining Co. developed silver ore at the Mohawk mine.. Continued on Page 2 1953 . UNLISTED URANIUM Stocks 10-fo- ot . i Prospecting Holds Interest lii Alaska GUNCAN, ALASKA With dis- coveries of. uranium being made throughout the Western States and Western Canada, it is: quite possible that important deposits in Alaska are awaiting discovery. This statement was enclosed in a press release from the School of Mines at the University of Alaska which this year has the largest number of persons enrolled in their annual mining short course now underwary at the university campus. . . Cromer Co. Brokerage Member Salt Lake Stack Exchange Salt Lake Stock Exchange Bldg. Suite No. 9 Exchange Place Salt. Lake City, Utah Reports on the above issues will be mailed free upon requests. Phone Teletype SU 180 4-3- ( |