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Show September 2, 1969 OIL & MINING JOURNAL Midnight G & S buys silica deposit Midnight Gold and Silver, Salt Lake City, has purchased an interest in a silica deposit which supplies silica to the Kaiser Steel Permanente plant at Helena, Montana. Marvin Bliss Harmer, president, said the Montana deposit was purchased from the estate of the late Richard F. Hansen who has been delivering silica to the Kaiser plant for the past three years. The company has assumed the balance of delivery on Hansens contract with Permanente through the end of 1969 and plans to continue delivery to the plant as long as Permanente agreeably negotiates for purchase, Harmer said. He said the company estimates gross income on the delivery of silica in the neighborhood of $60,000 through 1969. He said the mine itself is a short haul from the Permanente plant, making easy delivery quite profitable. chuckin' i few extraction when the companys 150-fodrift is completed. Harmer said it is felt that this ot technique will be less expensive than removing the ore from the level. 75-fo- ot He said geological studies indicate that the workings at the 150-folevel may produce a richer ore than that which has been presently located. He said delivery of ore to the custom smelter is contemplated in about five weeks. By Chuck Hayward ot Midnight, which recently completed its initial stock issue, has initiated extensive work on its silver claims 12 miles northeast of Basin, Montana in Jefferson County, according to Harmer. He said operators of the claims have isolated approximately 14,000 tons of ore for shipment in the future. level of The ore, on the 75-foleft for the mine, is being ot On page one of the August 15 Wall Street Journal is an article attacking the Utah shell game. We have no intention of commenting on the article other than to say we deplore both the practice of trying individuals and corporations in the public press rather than in court, and that of damning an entire area (the author tars not only Salt Lake City but the whole wide open spaces of the West with the same brush) because of the actions of a few. We do take particular offense to one comment of the author to the effect that; The uranium business has gone to pieces again, but many investors apparently havent recognized that. The comment is interesting in light of the fact A recently purchased Eimco underground loader is currently in use at the mine, Harmer said. Midnights claims are located near the Canadian-owne- d Crystal silver ores. a of Mine, producer Gen. Resources in 3rd silver mine General Resources Corp., Las In a news release the company completion, of development work on its third silver mine in the Tempiute Range. operations The outstanding feature of commenced Vegas, has .announced said it has a the mine, this mine is that a large vein was Complete Financial Planning being worked appears to intersect a vein inside the mone to which a tunnel is Mutual Funds Term Life Insurance 328-487- 1 - Iftlanny jj-ackba- n, 150 South 6th East Suite 2c Member: Philadelphia HA HA HA HA A A HA HA HA c9 ne. Salt Lake City, Utah 84102 Washington Stock Exchange Baltimore discovered in the side of the mountain paralleling the road, the release stated. The ore is being mined from the roadside at minimum cost and there is no overburden or waste tojbe removed. Company officials say the vein presently O.T.C. Stocks listed Securities (801) being driven. The company has not yet been able to assess the magnitude of this discovery, officials say. We are optimistic about this mine and feel this will prove to be rewarding, togethr with our other two silver mines which are also in full production, the company told shareholders. M HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HN HA HA HA H Good ENTIRE YEAR OF $ 1 A FOR V Wl JU J. IU WEEKLY MINING OIL INFO AN N & JUST CLIP AND MAIL THIS COUPON a PUBLISHER: Box 19243, Salt lake City, Utah 84119 Please enter my subscription to the Rocky Mountain 0ft ft Name MINING JOURNAL . Address City CHECK ONE: One Year $10 State 2 years $18 come on the heels of an announcement by the Dept, of Commerce that ' the sale of nuclear products had increased 42 in the past year- -a pretty hefty increase for an industry whose source material business has fallen to pieces. The article precedes by about ten days another interesting story, out of Washington, D.C., which tells of Atomic Energy Commission testimony before a House subcommittee in May and just made public last week. The testimony describes efforts of atomic scientists who are quietly at work exploring a Buck Rogers world where nuclear energy powers the conversion of sewage to concrete and reads safe combinations through steel doors. The list of nuclear energy uses submitted by the AEC is almost endless. spokesman Fowler noted that a plutonium heat cell protected the lunar seismograph left by Apollo 1 1 from being disabled by the bitter cold of the k lunar night. In other testimony the subcommittee heard encouraging reports on the use of atomic explosives to recover natural gas and make earth excavations. AEC officials said their Project Gasbuggy experiment in shaking loose natural gas locked within rock showed promise. Most of the radioactivity released by the explosion was harmlessly fused with water in the underground two-wee- 1 0. that they Other experts are studying the feasibility of using atomic radiation to guide fishermen to fish and cops to the criminals. Besides widely publicized applications to cancer treatment and artificial heart development, nuclear energy is being tapped in research on eliminating sewage waste, drug abuse control and detecting art forgeries, reported E. Eugene Fowler, an AEC lliiwestinfiiemifl ! (TbTVFT P. Page 3 Zip Code 3 years $21 cavity and left the gas relatively uncontaminated, they said. They reported on an experiment conducted in studies associated with a second Atlantic-Pacifi- c canal in which five small atomic explosions created a ditch 855 feet long, 255 feet wide and 65 feet deep. The officials said it appeared 30 miles could be excavated this way if Panama were chosen as the site for the proposed new canal. As we said, the list is almost endless. Other DllUlvljiiut Inquire about our special rates for mailing the journal directly to your clients businesses should go to pieces with that sort of direction and vitality. |