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Show May 11. 1956 The Western, Mineral Survey, Salt Lake City. Utah 1956 Mining Page 3 Cinders From Pit To Driveway Show Park Ridge U. Plans Montana Shapes Up For Los Angeles WASHINGTON, D.C. Mining Operation Plans A priJEFFERSON, Mont. vately held Illinois uranium mining company Park Ridge Uranium Inc. has branched into silver and lead mining by the acquisition Wednesday, here of a rich silver and lead mine. The company plans mining, and concentrating production of bullion. are rapidly taking shape for the 1956 Mining Show of the Amer- ican Mining Congress, which will be held at the Shrine Hall, Los Angeles, Calif., October An attendance of several thou1-- 4. sand mining men from all parts of the nation and from several foreign countries is expected. The program for the meeting will be drafted early in June at Los Angeles when the State Program Committee chairmen meet with National Chairman Walter C. Lawson, general manager, Phelps Dodge Corp., Douglas ot Located in a remote area of Montana, the Midway Mine has been leased to Park Ridge, according to Herman R. Nohr, president. The mine has. a long history of quantity high grade ore shipping. Ariz. It is expected that the Convention will consider the future outlook for the domestic mineral industries, public policies affecting mining, and operating practices that will lead to increased productive efficiency. Leaders in Government, members of Congress and officials of mining and other Industries will be invited to address the meeting. This years meeting will be held in conjunction with an Exposition of mining equipment and supplies. than 150 leading manufacturers have already contracted for some 88,000 square feet of More exhibit space. This will be the largest exposition of its kind ever held for the metal mining and industrial minerals industries. Equipment displays will range from small items to insure the miners safety to huge stripping shovels, and .mining .machines that extract minerals from the earth. Five miles south of Jerome, Idaho this operator takes lava cinders out of the earth to be tributed in surfacing driveways, barnyards and re-di- Additional explorations are being carried on, he stated, as well as stockpiling of ore for con- Crestline Acts On Lead, Silver Lode centration. Crestline Uranium and Mining Co. is now negotiating to obtain a mining lease agreement on lead, gold and silver lode mining claims in Ouray, Colo., Stanley J. Lake, president and general manager reports. The company purchased 12 claims for 500,000 shares of stock, a perpetual 10 per cent royalty, $4,000 cash and an additional $40, Jesse G. Johnson, director of AEGs Raw Materials Division will be a featured speaker at the "Uranium and Atomic Indus- by try meeting to be held in Denver June the Atomic Industrial Forum of NYC and the University of Denvers Research Institute. Johnson will talk on the AECs program and policies in the uranium field. Other speakers at this national conference for over 400 leaders of the atomic and mining industries, the financial world, government and education, are as follows: Dr. Amasa Bishop, chief of AECs Controlled Thermonu- 000 to be paid out of a 10 per cent royalty on all ores mined clear Branch, will discuss in general terms the mechanism of and sold. 25-2- Little Star Broadens Scope one-fourt- h h g m Corp., St. Louis, will discuss The mine has produced to date diation applications of atomic $750,000 worth of ore, Biderman ergy and Donald Everhart, geosaid. logic adviser to the AEC will geology. Other Little Star is completing a discuss uranium this in interesting drilling program on Gas Hills, participants will be and program significant Wyo. claims formerly owned by a later date. Twin Arrow, he said. Property announced at of the meeting will A consisting of 90 Edgemont claims be a highlight two-da- y of the Coloratour in Natrona county, Wyo. have do Plateau immediately follow produced $3,500 worth of ore. ing discussions in Denver. The tour will feature visits to Twin Arrows also turned "nominal oil holdings" over to Little the MiVida and Rattlesnake Pit Star, Biderman reports. These oil mines near Moab, Utah, a tour interests in Rangely, Colo., and of the Uranium Reduction Co. the Osage Field in Wyoming, mill at Moab, tours of National bring the company $4,000 gross Lead Co. and Climax Uranium Mills at Grand Junction, Colo. monthly, he said. t feed lots. Operating the Caterpillar Traxcavator is owner Floyd Collins of Buhl, Idaho, Uranium, Atomic Industry Is AEC Head Top fusion (which is the combination of atoms to produce energy) as U. contrasted to fission (the splitting of an atom to produce energy) and the impact of the controlled thermonuclear program on the (Continued from page 1) uronium industry. America. LSU also holds more R. E. Barrett, manager of the than $1 million in Atomic Miner- Uranium. Procurement. Division als stock, Aagaard said. of Atomic Energy of Canada, Ltd., Now in production are Univer- will discuss uranium development sals Wild Horse claims near in Canada. Temple Mountain in southern C. D. W. Thornton, assistant to Utah, Aagaard reports. Ore aver- the president of Farnsworth Elecaging .92 per cent U308 has been tronics Co., and former chief of assayed from sr two foot vein on AECs Office of Operations Analthe property, he said. ysis will discuss ore requirements of the The merger between LSU and for nuclear power in light at the GeTwin Arrows Uranium, a Dela- information produced Mcware firm, became effective April neva conference and by the Panel. 25, according to A. M. Biderman, Kinney Denver, secretary and treasurer Howard E. Kremers, technical of Twin Arrows. assistant to the president of Lindwill Two classes of stock will be say Chemical Co., Chicago, thorium discuss deposits, producexchanged, he said. Class "A tion and use. stockholders will receive two and Dr. Alex Stewart, vice presishares of LSU for one of Research, Twin Arrow; Class B stock dent and director National Co., will discuss Lead trades for one' and uranium processing. shares LSU for one. The National Lead Co. is an Major property involved in the agency operator for AEC with a merger is the American Eagle Pilot Plant in Grand Junction, uranium mine in Montrose coun- Colo., laboratories in Winchester, ty, Colo., which is now produo-lu- Mass., and a processing mill in approximately $14,000 month- Cincinnatti. Ewell E. Mason of Internuclear In ore. ly uranium-vanadiuone-eight- s- The mine has consistently averaged silver and lead ore valued at $35 per ton, Nohr said. He added that recent explorations have uncovered ore reserves valued at more than $500,000. raen- 6, Crestline will be required, Lake said, to maintain a minimum of 2400 man hours per year until the $40,000 is paid. Quoting from a geological report prepared by Geophysical Exploration and Research Co., Dallas, Tex., Lake states, that the potential volume of 245,000 tons and average assay values of $325 per ton exist on the main Tuna Vein. These figures indicate, according to the report, an ore reserve wirth $79,791,000. and barbecues at Dead Horse Point, Utah and Colorado National Monument. of the national conference and tour include the Denver Research Institute of the University of Denver, whose 180 engineers, scientists and supporting staff are currently working on $1.3 million of contract research annually for industry and government. The Atomic Industrial Forum, a National association of more than 430 industrial concerns, universities, labor organizations and research laboratories active in the atomic energy field is second sponsor. Co-sponso- rs non-prof- it The Park Ridge official also stated that his company has contracted for a Mincona-Matidry mineral separator and unit to be delivered about Sept. 1. This machine, built in Des Plaines, 111., by the Mineral Concentrating Co. of America, has been successfully tested with ore from the Midway mine. According to Nohr, assays of o the concentrates from the machine produced by the Arizona Testing Laboratory of Phoenix, Ariz., . were found to from $35 per ton to be ton. $317 per Plans are underway to have a and complete mining, Monsmelting operation on the tana property, using not only the Mincona-Mati- c machine but additionally a new portable smelter developed and supplied by Endien Enterprises of Montana. This group supplies smelting units for use with the Mincona-Mati- c c up-gradi- Min-con- . up-grad- ed up-gradi- West Sewing the Mining & Oil Indnstiies of the Rocky Mountain INDUSTRIAL STEEL CO., INC. Kenneth Lott, Jr., The Forum, headquartered in New York City, sponsored the international atomic energy conference and Trade Fair held in Washington, D. C. last September. & Vice.-Pre- t. Gen. Mgr. Phone EM 475 West 6th South Salt Lake City, Utah 4-56- 33 $900,000 NEW ISSUE BLUE LIZARD MINES, INC. 8 CONVERTED SUBORDINATED DEBENTURES $100 Per Each Debenture DATED DUE May 1,1956 May 1,1976 Offering circular may be obtained from the undersigned and such other Dealers or Brokers as may lawfully offer these Securities in this State. ACKERSON-HACKET- T INVESTMENT CO., Underwriter 701 Continental Bank Bldg. DA Salt Lake City 46 Cromer Brokerage Co. Morgan & Melvin G. Flegol & Co. ' Graham & Co. Wagner Investment La. Seaboard Seeurities 39 Exchange Place Salt Lake City 26 West Broadway Salt Lake City New Orleans. Company First Security Bank Bldg. Salt Lake City Company Pittsburgh, Pa. Washington, D. C. |