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Show MARCH 30, 1970 OIL & MINING JOURNAL Page 2 U.S. warned on wretched status of mineral science and industry The National Academy of Kesearch Council, established a Sciences has sounded a note of Committee on Mineral Science alarm regarding the status and future of the nations mineral science and technology. In a the Jk drte'nafe of mineral science and study just technology in the United States released the Academy presents a and providing information and critical assessment of the recommendations regarding its The deteriorating U.S. position in health and effectiveness e Mineral Science world mining and mineral education. and Technology is the e of that endeavor. The state of mineral Six United States in the panels of experts were technology the report named by the Committee to is wretched, announces. survey and report on the fields Dr. of mining, extractive metalurgy, Vernon E. According to Scheid, Dean of the Mackay production of mineral fluids, School of Mines, University of fuel science and technology, This report could do nonmetalic materials, and Nevada, much to help focus attention on mineral economics and It the critical status of one of the resources. Opportunities. nations most vital sources of includes a discussion of mineral economic wealth. education and research and The study was made at the summarizes the U. S. position, request of the U.S. Bureau of with recommendations for the Mines in response of growing future. Most important result of concern over the problems of the work, perhaps, is the the mineral industry and its statement of alarm that mineral related fields of research and engineering programs in education. universities receive so little As a result, in 1966 the support, a partial consequence National Academy of Sciences, of which is the deteriorated state with the National Academy of of hight education in these fields Engineering and National in the United States. seven-pa- rt seven-volum- out-com- This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Grcular. NEW ISSUE January 20, 1970 Dr. Scheid says that although mineral activity and production over the past several decades with mineral production tw0 to three times greater than steadlly, agriculture, Federal and State support for mineral research and education to meet the needs of the mineral REVERBERATORY METALS. INC. I'"!? professors contributed to National Academy ot Sciences George B. Maxey, Research Professor of Hydrology and Geology at the Mackay School of Mines, and Director Center for Water Resources stU(jy Desert Research Institute, served as a member of Research. the panel on Mineral Fluids. Dr. John V. Sharp, Associate Professor of Geology Mackay School of Mines, and Research Associate. Desert Research Institute, also contributed, The report is one file at the Mackay School of Mines library, University of Nevada. Sen. Cannon criticizes compromise silver policy WASHINGTON A compromise solution of the silver ; dollar controversy have both good and bad effects upon his state, Sen. Howard W. Cannon of Nevada believes. Sen. Cannon said that the Treasury Dept, policies have so mismanaged the national silver reserves and provided so few incentives to domestic producers that there was little alternative than to limit the production of the Eisenhower silver dollars to 1 SO million. These relatively few silver cartwheels will never be in commercial 93,200 Shares Common Stock, $1.00 Par Value Per Share the problem of industry is as critical here as elsewhere in the nation. circulation as originally intended but at least a dollar coin will be available soon and will be welcomed in Nevada and other western states, he said. Cannon said he is confident that massive minting of the silverless Eisenhower dollars would assure against hoarding and speculating in the new coins The desilverization of the also will Kennedy half-doll- ar compromise solution upon Congress. He said that the decision to eliminate Treasury sales of silver on Nov. 10, 1970, will come too late to assist either producers or consumers of the a dwindling metal. insure that these coins will be circulated, Cannon said. let us But mistake no make this is a national tragedy that all our coins will in the future contain no silver and the lost intrinsic value will serve to cheapen our money and abet the twin evils of inflation and rising living costs, he added, The senator said that while he will not oppose the compromise, the blame must lie with a Treasury policy which waited until their silver reserves were almost exhausted before forcing Pe rhaps now the administration will take necessary steps to encourage domestic silver production by permitting the- price to seek a real market level and by discontinuing their disastrous - policy. They have served too long as a subsidized silver mine for manufacturers while not assisting producers or providing for future supply, Sen. Cannon said. PRICE: $1.1714 Per Share FOR UTAH RESIDENTS ONLY Copies of the offering circular may be obtained from the undersigned only in states where the undersigned may legally offer these securities in compliance with the securities laws thereof. BONNEVILLE SECURITIES, INC. 601 Kearns Bldg. Salt Lake City, Utah (001) 322 - 3515 Glen Explorations gets OME approval Glen Officials ofannounced Line, Explorations, in Dallas, Tex. that approval has been received from the office of Mineral Exploration, a divison of the Department of Interior and U.S. Geological Survey, for the of Glens government supported continuation . DO - exploratory operations at their Palmetto Silver prospect, near Lake Gty, Colorado. QifeiOOi Published weekly in Salt Laka City, Utah by Charles E. Hayward, of 4386 W. 3780 South, Granger, Utah 84120. Mailing addran: P.O. Box 19243, Salt Laka City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information herein are true and factual to the bast knowledge of the publisher. Information and opinions publish ad are the sola 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. Second class postage paid at Salt Lake City, Utah 25 Cents a copy .Subscriptions $10 per year Advertising rates bisplay Advertising MOOMeeieeeaesaeaMeaaeieoeMioioaeeeeMieeooaeeeee $2 col. inch Ctanified Advertising deaaaaooaaoaaaaaaaaaaoaoeaaaaaaeaaaoeoaaaa .$2 for 20 words - Phone: 298-240- 3 or 298-370- 3 Chuck Hayward Editor & Publisher..... eaeaeoaeaeeeeaaOBeeaBaeoeeBaoaooaaaeaoaaeeo .....Enid J. Hayward Assistant to Publisher Hal Fur Director These exploratory mining operations are scheduled to begin again as soon as weather conditions permit, which might be as early as May 1, 1970, and are scheduled to be completed prior to August 3 1 , 1970. drift, totaling about S3S feet in length, have an indicated gross value of about $60.00 per ton. The average vein width is about 3 feet. Glen officials also announced that another application for president of its subsidiary, The Bunder Hill Company. His election will fill the vacancy caused by the resignation of Mr. William G. Hewitt. Mr. Hewitt, who resigned for personal reasons, will remain in an advisory capacity on a full time basis. It is expected that Mr. Woodruff will assume his duties about April 1, 1970. Mr. Woodruff, who holds a degree in mining engineering and geology from Michigan Technical University, has been Thus far at Palmetto, with Kennecott Copper exploratory operations under Corporation since 1954. Since . the OME grant have included the rehabilitation of a 220-fothe tunnel which cross-cu- t ot principal Palmetto silver vein. Funds covering the drifting of an additional 430 feet along the vein have' now been made available by OME for the 1970 summer exploratory operatons. The assay values for 167 samples of the 970 feet of vein throughout thedrift indicate a weighted average gross metal value of about $40.00 per ton. The better ore zones along this 1963, he has been general I hBVB 1 fl I 1j section of the American Institute of Mining Engineers and a past president of the New Mexico Mining Assocation. In addition, he is vice president of the New Mexico Association of Commerce and Industry. He serves on the board of the Yucca Council of Boy Scouts of America. OME funds, to coer deep core drilling operations at Palmetto, is under consideration by OME at this time. The deep coring operations will be necessary to determine if the Palmetto vein persists in width and metal content at substantial depth. HUG SILVER 1 manager of Kennecotts Chino Mines Divison in New Mexico which mines, mills, smelts and fire refines copper. Mr. Woodruff is a past chairman and director of the South-wester- n New Mexico profit potential RANGE 4c TO S40 ' specielue penny mining STOCKS fit SHARE in silver, gold end urenium stocks and selective stocks. We accept collect cells on buy orders. J. H. DILLON & CO. W. 412 Sprague. SpokoBe. Wash, ff 21, Tel. 414-443- Member Spokane Stock Exchange 4 |