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Show Page 2 May 19, 1969 OIL & MINING JOURNAL tri. OIL Rocky MINING JOURNAL & Published weekly In Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Salt L ake City, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountahr Region. Articles and information contained herein 'are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise, herein or otherwise sponsor this publication. Silver 25f per copy Subscriptions $10 per year Advertising rates: Display Advertising Hammer r ns .of the underway, holes drilled were in ore. The grade of ore developed runs 2 per cent tungsten, 3.8 per cent copper, 0.1 ounce of gold and 0.9 ounce of silver per ton. The ore is in a thick structure which can be mined initially by open Phone: 298 2403 or 298 3703 Editor & Publisher Circulation Manager.'. tungsten-coppe- property near Gold Hill, Utah, Joe A. Foster, president of Silver Mines Inc. said in a letter to stockholders. In the exploratory drilling program, 11which isfirststill 22 $2 col. inch $2 for 20 wds Classified Advertising to be a few hundred feet east of thereafter continue until such the Minnie ore body. Drilling time as additional ore is found. now is being directed at that MINE OUTPUT was below target area. in 1968 because the ore normal Past production from the above the 700 foot level of the Minnie Moore ore body was mine was being depleted,, and apprpximately 225,000 tons of the . excellent ore developed on high-grad- e ore. averaging 27 and 900 foot levels had ounces of silver per ton and 14 the 800 not reached full-sca- le per cent lead, according to the The added cost of best information available. The production.those deeper levels for property was mined from 1800 preparing production caused Federal SALT LAKE CITY-Sev- eral thousand tons of excellent grade ore have been discovered near the surface on the Yellow Star-Quee- t find ore near Gold Hill Star-Quee- ns Chuck Hayward Enid J Hayward to 1905. ELSEWHERE at the Bellevue Mine, production for the first quarter of 1969 has been exceptionally good, Foster 120 continued, averaging almost tons of ore per day with a grade of approximately 13 ounces of silver per ton, 10 per cent lead pit methods. Foster told stockholders that the tungsten content along represents a gross value of approximately $70 per ton (at $1.70 per pound.) An Economic Boost? and 6 per cent zinc. This is considerably higher in grade than that mined last year and represents a 40 per cent increase in daily tonnage. This underway at the mine, is from the IN AN IMPORTANT The following letter to the editui appeared Friday the Salt Lake DESERET NEWS. Mr. Andersons comin ments raise questions weve also pondered in questioning the wisdom of the action on the Arches and Capitol Reef Monuments. Hearings currently going on in Utah indicate there is more mineral wealth locked up in the proposed Monuments enlargements than the Bureau of Land Management had previously indicated. The governments defense that of enhancing Utahs tourist potential come under examination in Mr. Andersons letter: I read with interest the account in the Deseret News of the meeting held sometime ago by Sen. Wallace F. Bennett and Laurence J. Burton in Moab, relative to the expansion of Arches and Capitol Reef National Monuments. Residents of San Juan County were not at all surprised to hear Bates Wilson, Superintendent of Canyon-land- s National Park, say that he had l)een secretly working on this expansion for over two years. We were also inclined to take with a large grain of salt his prediction that Canyonlands Park will become the greatest tourist center in Utah. Mr. Wilson ought to give the public the answer to these questions: How will the expansion of these national monuments bring additional tourists dollars into Utah, particularly in view of the fact that the present monuments are not developed or accessible so as to make them the tourist attractions that they could le? What plans does the National Park Service have the development of these national monuments, as expanded, which will make them easily accessible to the ordinary tourist in his passenger car? diamond drilling program at the Mine near Silver Star-Quee- Bellevue, Idaho, Federal advised that they they have located the Resources offset portion of the faulted Minnie Moore Vein, the letter to stockholders continued. According to Federal, they think they have intersected the continuation of the famous Minnie Vein in an area believed coming new and deeper 800 and 900 stockholders were reminded. there, a substantial decline from ounces of Treasury silver production ns believe Resources' balance to be recovered to rise from $920,534 to $1,351,933 during 1968. Under terms of the agreement with Federal Resources, Silver Star is entitled to receive 40 per cent of the net mining profits, as soon as Federal has recovered these exploration and mine development costs. The recovery of these costs largely depends on the outcome of the accelerated exploration program currently . GSA Sells Another foot levels of the mine. Foster noted that since the 2 Million Ouncos exploration at these levels has not had sufficient time to WASHINGTON-GS- A develop appreciable reserves announces the sale of 2,136,000 the high rate of production in resulting from its . May 6 bid the first quarter may occur opening. GSA offered 2,024,000 during the second and third quarters of 1969, and may ounces of silver for sale May 13. F. K. Wilson to head new Freeport division NEW K. YORK-For- brs Wilson has been named president of Freeport Mining Co., a Western Australia both of them ventures with the joint firm of Metals Australian ' mining division of Exploration N.L. and in West Freeport Sulphur Co., it was Irian a copper deposit, the announced by Thomas R. Ertsberg, in the Carstensz Vaughan, Freeport Sulphurs Mountains. Investigations newly-forme- d chairman. Wilson continues as vice president of the parent company. Wilson will be responsible for Freeport's activities in Australia and in West Irian (Indonesia), as well as its mineral exploration program in the United States and in other countries. The companys interests include in Australia a nickel-cobadeposit at Greenvale in Queensland and a nickel deposit at Nepean in looking to commercial development of the properties are in progress. Wilson is a member of the American Institute of Mining & Metallurgical Engineers, the Mining & Metallurgical Society, the Mining Club and other societies. lt F. K. Wilson for We recall very well that some years ago Mr. Wilson and the Park Service sold many of the residents of San Juan County on the desirability of establishing Canyon-land- s National Park on the grounds that it would lecome a great tourist attraction which would bring much revenue into this area. The actions of the Park Service since that time indicate that this was an empty promise and that it has little, if any, concern for the economic welfare of Southeastern Utah. -- L. ROBERT ANDERSON Monticello Boyles Bros. Drilling Co. COKTMCnKG SERVKES COMPLETE WAREHOUSE SERVICE Exploration Mno Developing All Types & Sizes of Rotary Drilling Shafts Engineering Coro Drilling Tunnels Soil Sampling Geology 1624 Pioneer Road Salt Lako City, Utah 84104 INTELLIGENT DEVELOPMENT ls II: :J: t: Temple Mountain Uranium Co. Main Office Rooms 26 - 27 39 Effhange Place Salt Lako City, Utah 801:487-367- 1 District Offices: P.O. Bo P.O. Bm 946 Sparks, Nevada 9571 Phaanis, Aril. KUO P.O. So Ul Ankara, Calif. 19411. P.O. So 4107 Spokaaa, Watk. tun 98202 P.O. Bo 7495 Louifvllla, Ky. W. Sill Ava. Gafdaa, Cola. ISMS 40297 STS STRUCTURAL 6 Grouting General Offices: of our natural resources will create new industries WESTERN STEEL SERVICE CENTER BARS PLATES SHEETS REINFORCING STEL -- -- OFFICES Crandall Bldg. PLANTS -- 651 West 17th SoJ Salt Lake City, Utah PHONE 328-05- 41 WtSKMI SHU COUPAHY y Stutctmai SteeC ALSO FABRICATORS OF PLATE Foreign Offices: Rafarma 403-110- Mask City Casilla 21-- D Santiago, CMIo S 4 D.F. Caiilia II 44 Lima, Para AND REMFORCING Stm. STEEL ERECTION MCOOtO Building the WEST with WESTERN Sim |