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Show April 2, 1954 The Western Mineral Survey, Salt Lake Ctty, Utah Shareholders Work Pushed New Council Get Fortune At Large U. S. For Minerals Under Study On Stock Deal Nickel Job LOOKING AHEAD Uranium Ups Income At Golden Cycle CRIPPLE By GEORGES. CREEK, COLO. Gold and uranium are both adding to the production record of the Golden Cycle Corporation. The Golden Cycle mill shipped two gold ingots to the Denver mint Thursday, valued at $61,700. Bricks num-b172 and 173 were poured. This mill brings the total approximate ' production since March, 1951,' to $4,318,500. Shipments for the month to date are a little. above normal. This increase is made up mostly of mine run ore. The Golden Cycle Uranium Division, has made six truckload shipments of uranium - ore t from their lease on Atkinson Mesa, near Uravan, Colo. These are the first shipments of ore made from this property and the ore assayed as , expected from the result of the AEC drilling records of the year. All indications to date confirm estimates, both as to character and grade of ore made by the AEC and BENSON President Harding College MOAB, UTAH. Searcy, Arkansas THE STORY OF NITROGEN years ago Sir William noted chemical scientist, Crookes, foresaw the possibility of the end of life on earth. He wasnt forecasting' a plague, another great Deluge, the development of the or bacteriological warfare. He was merely calling attention to the dwindling supply ' ; of usable nitrogen in toe earths farmlands. Unless a way could be found to replenish' toe 'nitrogen bring drawn from toe soil by crops, toe soil gradually would become unproductive and wholesale starvation would face the human race. The pitifully small earth deposit of usable nitrogen in Chiles nitrate mines wouldnt fill a hollow tooth in the earths hunger for this chemical element which sustains all plant and animal life. Chemical science was being challenged. And the U. S. G. S. echoing in this challenge was Application by the Golden Cycle Gods own admonition to Adam for this particular lease was made and Eve: "Be fruitful and multiin March, 1953, and same was ply, and replenish th earth, and granted by the Atomic Energy subdue it. Mankind had multiplied Commission on May 14, 1953. Work all right; and had scattered, in was started on the sinking of a the millions, over all the globe. But 640 foot shaft on June 10, 1953. mankind had not replenished the Shaft, including sump, was com- earth, as they took from it. Must Be "Fixed pleted six months later on Decern . ber 21, 1953. This is the deepest When- Crookes made his imshaft in the area and was complet-- . portant observation, toe worlds ed in record time. The crew oper- - population was swiftly growing, as - a ted under the supervision of it is now; while the productivity Charles H. Carlton, mine manager of the land, on toe whoje, was dimand Ben H. Slothower, superin' inishing. These two related facts tendent. were what concerned the chemicrew now The is mine , engaged cal scientists. They forecast not a in the completion of two n ore land of plenty, but a land pf growat the head and as ing food scarcity. bins frame ' soon as these are completed, it is 'Long before Crookes lived, pure anticipated that the mine will scientists had discovered toe place make regular shipments of ore to of nitrogen in toe scheme of life. the mill of approximately 15 to And, strangely enough, they had 20 tons per day for the first few found that there was more nitromonths and later when more head- gen on earth than any other eleings can be opened, tonnage will ment The air we breathe is 80 be approximately 30 to 50 tons per per cent nitrogen, and thus in the day. First shipments of. ore were air column over each acre of land trucked to the mill at Naturlta, on earth there are approximately which is owned by the Vanadium 70,000,000 pounds of nitrogen. But before toe soil, or man, or animals Corp. of America. .. Golden Cycle officials expect the can use this it must be mine to be a steady producer of extracted and made into a differuranium ore for the next several ent kind of chemical called fixed years, as the lease covers a fairly nitrogen. Job for America large acreage and has been thorofThe The chemists tested found that a bolt oughly by drilling. ficers investigated the possibility of lightning converted toe air niof taking over other uranium min- trogen into "fixed nitrogent, and ing properties for further develop- rain brought it down into toe ment and operation, ground, and it renewed the soils v Standard ; Oil Co. (N.J.), the productivity. This occurrence was worlds largest petroleum concern, not widespread enough to be of estimated its 1953 profit' at $553 any consequence, but it gave them from 1952. Net a clue. The job was far too big, million, up income was equal to $9.13 a share, however, for test tube chemistry. compared , with $8.58 in the prior In time small chemical plants of :year. Europe developed a cumbersome , process for "fixing air nitrogen that it could be put into the Tooele Depot Workers so soil and used by the plants. Receive 16 Million It is doubtful that the European Ordnance Tooele. production ever would have been Depot of any substantial commercial valmillion over 16; ployees earned ' ; ue. 2 It took the genius of American dollars and paid approximately million dollars in taxes during the industry to get the big jotrdone. In : 1942 some of our bigger chemical calendar year 1953. The information compiled in the industries began experimenting fixing nitrogen. DuPont payroll branch showed that exact-- r with ly $16,364,855.55 in salary was and others acquired European paid to civilian employees, during 'ormulae and then plowed vast re1953, of this amount $1,905,933.69 sources in men and money into was withheld for federal taxes; developing mass production of $1,107,187.36 was invested in savsynthetic nitrogen fertilizer. By 1940 went the fertilizer business had into $349,086.09 ings bonds; the retirement fund; and Social been revolutionized, and Sir ' WilSecurity (FICA) received $152,- - liam Crookes spectre of a starv 097.78. ing civilization was erased. to per-Earnings paid Replenishing The Eatrth military . Ord-One of 'the big new nitrogen Tooele at sonnel Rationed was are to the built at El- Dorado, in addition nance Depot plants above figures. Arkansas, by Lion Oil Company. It reaches up into toe. atmosphere "Leave at once! I never want to and pulls in the air we breathe; it see you again!" reaches, dowil into the South Ar"O. K., Ill go. But will you do kansas earthen reservoirs and and one' more thing before I leave? pulls in petroleum gas.. Then, 'this monstrous and intricate plant, covel!. what is it? V "Get off my lap. ering 600 a c r e s, pressurizes, Fifty-si- x . er H-bo- - ; - 25-to- air-nitrog- 6, , ; . , , - Two minority stockholders in Utex Exploration Co. will receive $3,272,500 for stock in which they originally invested $19,500, Charles A. Steen, Utex president, said here. Mr, Steen said he has purchased the interests of Dan OLaurie, Casper, Wyo., and R. M. Barrett, Dove Creek. The sale involved cash payment of $150,000. The rest of the $3,272,-50- 0 purchase price will be paid within a period through an ore assignment of 15 per cent of ross, excluding haulage and development allowances, Mr. Steen said. Mr. OLaurie and Mr. Barrett controlled about 18,000 shares of Utex stock, or 28 per cent, Mr. Steen said. ' Mr. OLaurie had sold 1,000 shares previously, but these were included in the sale to Mr. Steen. The price was $175 a share. Mr. Steen said he and his mother, Mrs. Rosalie Shoemaker, now control 90 per cent of toe companys stock. Other stockholders are Mitchell Melish, Moab attorney; W. T. Hudson, Moab and Casper, Wyo.; and "10 of my friends, Mr. Steen said. Utex Exploration owns the Mi Vida mine, 38 miles from Moab, From this mine, Mr. Steen testified before a Senate subcommittee in Salt Lake, City recently. : 10-ye- ar DMEA . . from Page 1 Federal Register today, toe government will share in the allowable cost of an exploration project as follows: ' (a) In toe case of bauxite, fluor-- s chromium, copper, par, graphite (crucible grade), lead, molybdenum, zinc and cadmium 50 percent. (b) In toe case of antimony, (chrysotile only), beryl cobalt, columbium, corundum, diamonds (industrial), kyanite (strategic), manganese," mercury, mica (strategic), monazite and rare earths, nickel, platium-grou- p metals, quartz crystal Continued ab-best- os . - (piezo-electric- ), rutile-brook-lt- e, talc (black, statite), tan- talum, thorium, tin, tungsten and uranium 75 percent Secretary McKay stated that details concerning the expanded exploration program and application forms for aid may be obtained from the Defense Minerals Exploration Administration, Department of the Interior,. Washington 25, D. C., or from any of toe right Regional Field Offices, located in Juneau, Alaska; Spokane, Washington; San Francisco, California; Denver, Colorado; Minneapolis, Minnesota; Joplin, Missouri; Knox-vilTennessee;' and College Park, Maryland. Rapid progress is being made on toe nations first big domestic nickel twining and smelting operation near Riddle in Douglas county, Oregon, and production is expected to start next summer, according to recent reports. Work on the project has been underway since last spring, following conclusion of contracts between the defense materials procurement agency and subsidiaries of the M. A. Hanna company of Cleveland, Ohio. The DMPA agreed to advance Hanna Smelting company $24.8 million dollars for construction of smelting facilities to produce between 95 million and 125 million pounds of nickel in a.'ferronickel product which will run at least 25 per cent nickel and not more than 75 per cent iron. The Hanna Coal and Ore company, another subsidiary, agreed to develop toe vast nickel' ore deposit on Nickel Mountain fcorth-we- st of Riddle at its own expense, estimated at approximately $4.3 million, and to sell toe ore to the government for '$6 a ton for resale at toe same price to the smelting firm. Construction of toe smelting facilities and preparation of toe ore body for mining are pow well advanced, reports from Riddle indicate. Bases have been poured for the four big primary furnaces, which will extract some 25 tons of iron-nickper day from .about 1700 tons of dry ore, and toe framework for the smelter building is largely completed. A machine shop building is finished, and toe crusher and sampling plant and dry ore bins have taken shape. At the capacity now planned, ore reserves are believed to be sufficient for 30 to 40 years of operation if the operation proves economic after the government' contract is completed. The government has agreed to pay not more than 79.39 cents a pound for toe first 5,000,000 pounds of nickel in ferronickri and 60.5 cents a pound thereafter. Exploration of toe Nickel Mountain deposit will mean a big boost for Oregons metal mining industry, which in recent, years has dwindled to practically nothing. el The possibilities of setting up a new national minerals advisory council are being studied by Felix Wormser, assistant secretary of toe interior, reports Engineering and pubMining Journal, McGraw-Hi- ll lication! The council, first created in 1947 by former Secretary Krug as a mining industry advisory group to Congress and the interior department, was dissolved four years later by former Interior Secretary Chapman, at the insistance of toe department of justice, which claimed that the group was : an anti-trurisk. Reestablishment of the council, mining leaders believe, is sorely needed today, but strong political pressure for this move will be necessary. The department of justice still frowns on such industry-advisor- y groups, and specific legislation or a formal White House recommendation will be needed. According to the justice departcriteria for such ments anti-trubodies, there must be statutory authority for the council, or at least finding that toe' advisory group would perform a statutory, st st function. old minerals council and the similar bituminous coal advisory council failed to qualify under this ground rule. The minerals council, according to the maga- -' zine, accomplished little, mainly because it didnt live long enough to prove its merit. The . WESTERN MINERAL SURVEY. 22-2- 4 East 1st South Telephone: 65 or 45 clue mntter at Salt Lake City, Utah, under Act of llardh 3 entered fta second 1879. Subscription Rates: $5.00 for two years for one year. Please mention Western Mineral Bar when vey writing to advertisers. Advertising rates on application. $3.00 It. M. Him Business Manager. Alf the news of the development of the Intermountain Section, published by The Western Mineral Survey. news appearing In the Western .All Mineral Survey Is obtained from sources believed to be reliable but no responsibility Is assumed for aeuracy of statements. Legal Notices The Western Mineral Survey is qualified as a newspaper to pub- Continued on page 3 Subscribe Now Western Mineral Survey 2214 East 1st South Salt Lake City, Utah e, PUBLISHED ONCE EACH WEEK i mixes, and heats the gases, and Late News, Quotations, Information Service, on out of it comes vast quantities of , fixed nitrogen for converting inMining, Oil, Financial to fertilizer. Lion is building a second big plant. Other big plants are going up throughout the South KEEP POSTED ON THE GREAT URANIUM BOOM throughout America. American farmers meantime have learned how to use the $3.00 One Year $5.00. Two Years stimulating nitrogen in every agricultural production job. It is performing amazing feats in increased production of crops and Subscription. Order livestock. Man gets his nitrogen , from the meat, vegetables and " Enclosed find $ for which send me Western grains he eats, and it. keeps him ' alive. Thus, American industry, Mineral Survey for. with its freedom to grow, with its , powerful incentive inherent in our ' Nam Ifi,..!,,,.,,,1 competitive, profit system, and rewith its great capacity for Address search, is helping mankind to be r fruitful and multiply, and replenish the earth, and subdue it. m . life-givin- : $ g, A , , |