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Show I cMnMK.t'at.: iu L;ufAtiI O. Wi m 'Jcr tynificaHee in The fletoS ctf iHc.it Salt Lake City, Utah, Friday, October 25, Vol. 28; No. 84 The U. S. Tariff Commission has set Nov. 19 for the beginning of hearings on the petition by the Committee Emergency Lead-Zinfor relief under the escape clause of the Trade Agreements Extenc sion Act. The application for relief was gency 27 by the Emer- Committee, represented by Chairman Charles E. Schwab and the committees counsel, Edwin G. Martin. The committee, in its application, asked for the maximum duties permissible under the law, but added that "the price of imports is so much lower than the level that is necessary for a healthy and continuously productive c mining industry in the United States that additional restriction of imports is necessary . . . The committee will later propose a system of import quotas If the maximum relief is grant ed by the. Tariff Commission and the President, the lead import tax will be raised to 2.55 cents a pound from the present cents, and the zinc tax will rise ... Shell Schedules San Juan .Wells Shell Oil Co. has scheduled three more wells in the area between Bluff Pool and the western part of Aneth Pool, San Juan County, Utah. The firm's Burton 3 Burton and Burton all would be drilled in Section 13, Township 40 South and Range 23 East. 14-1- 3, 23-1- 44-1- 3 12,000 kers Continue oice Complaints barrels daily for the week com-iomest- ic -- Thickol Plans StockExchange now-liquidat- ed tax-payin- tries producing like or directly competitive products. Immediately following submission of the petition by the lead-zin- c committee, President Eisenhower addressed a letter to the Tariff Commission requesting that the commission expedite the processing of the application. dy Bureau of Mines Prints Reports Of Continental Program U-O- re Methods used at Continental Uranium, Inc.s Continental No. 1 mine is San Juan County, Utah, where 12 men produce about 1,500 uranitons of vanadium-bearin- g um ore a month, are described in a Bureau of Mines technical report released today by the De- partment of the Interior. The report is one of a series the Bureau is issuing, with the cooperation of mine operators, to help inform industry of various M. H. Kline, Salt Lake City, cated on the California side of the mining techniques. It was written vice president and assistant gen- Oregon-Califomi- a by W. L. Dare of Denver, Colo., line. Rare Metals continues to produce some 175 tons of ore daily from its Weiser, Ida., mercury mine. The mercury mill and retort were placed into operation in September 1955. Sales of mercury are being made at between $232 and $237 a flask. This is about $22 below quotations of several weeks ago for the metal, he said, but still well above existing government purchase price of $225 a flask. The Weiser operation was calculated to make money on a $225 a flask basis, he added. a Bureau mining engineer, with the assistance of C H. Reynolds, general superintendent, and other members of Continental Uranium. The mine is at the south end New Park Signs Drill Contract New Park Mining Co., has contracted with E. A. Messer & Associates, Partland, Ore., for 1,000 of diamond core drilling on feet In view of the guaranteed price Lakes of Killamey fault in the for mercury along with its effiof Tooele Coundistrict the Ophir ciency of operation at Weiser, President Vice New Park Rare Metals has acquired a new ty, Salt Lake L. Charles City, Wilson, mercury property in California. said Thursday. also Metals Mr. Kline said Rares The exploration is on claims had sufficient ore in reserve in dealt by Silver Stanthe Cameron uranium district to dard New Park Co. and National Mining uranium mill feed its both of at Tuba City, Ariz., through to Treasurer Mining Co., the end of contract date with AEC Salt Lake City. Mr. Wilson said that two holes in 1962. The mill was placed into completed to date had established operation in July 1956. Mr. Kline said Rare Metals, fault closure and hematite replace which was launched in 1954, near the shales. A third hole now showed a modest profit in 1956 drilling has verified pyritic zones and expects also to be operating which explains one of the anomalies encountered in a geophyprofitably this year. sical survey of the area earlier Our policy has been to plough this mineral year, The work is altogether back earnings into new interesting Welonments with hope of greater 260-ton-a-d- ay . Cents ? ended Oct, 18, according to the American Petroleum Institute. ig number of Nevada remained unchang- 7 to 2.1 cents a pound from the output segments of tliw. present 0.7 sent; the tariff on both ed at 150 barrels of oil daily. industry have been lead and zinc concentrates will voiced. be 1.8 cents a pound of metal Producers, millers and would-b- e content, instead of the present millers are arguing loudly and cent in the case of lead and 610 cent in the case of zinc. bitterly that they are being placed in the same position as that of the The committee asked that tariff rates and other import restricdomestic tungsten tions on manufactude products program. Directors of Thiokol Chemical are high in their praise of (sheet, strip, pipe, wire, pigments, Co. have declared a 5 stock theThey of Jesse Johnson, struggles oxides, etc.) be kept in balance dividend and proposed a two for director of the raw materials with the rates and restrictions on one stock split. The action was agency of the commission, in his primary lead and zinc.. taken during a meeting of the efforts to cope with the fantastic However, the commission has board over the weekend at Salt of American ore producgrowth excluded from the scope of the Lake City. The firm a tion. operates hearings the manufactured prod- three million dollar rocket engine But relate sadly that the ucts of lead and zinc, explaining and solid rocket fuels near US. they plant Lead-Zinc producer of uranium is enthat the Emergency Brigham City, Utah. that seemingly universal joying Committee is not a proper group, The stock be dividend will payaffliction of all American miners. to apply for relief on such prod20 to shareholders of It is namely, the fact that the fedNov. able ucts because lead and zinc manOct. 30. The stock split, eral government of the United ufacturers are produced in the record when approved by shareholders, States has conferred upon foreign United States principally by esbe will made Jan. 22 to stockhold- producers both higher prices for tablishments which constitute inof record, Jan. 8, 1958. concentrates and longer purchasdustries separate and distinct from ers The firm also a five paid per ing contracts than those extended the lead and zinc Industries prog cent the Novemdividend uranium indusin stock unmanufactured lead ducing western the Shareholders United States. last ber of of try year. and zinc. vote is this authorized hike which will in It cappolicy liquidated No data called for by the commissions rules have been supplied ital on Jan. 8 preparatory to the tungsten mining in America. It is important to note that indicative of reason for believing stock split. One new share will be are more miners now emstockholders for offered there present that lead or zinc manufactures held. each share ployed in digging uranium than are being imported into the United States in such increased quantities, either actual or relative, as to cause or threaten serious Injury to the domestic industry or indus- U-Bo- -- M4 10 Production of crude oil in. Utah increased 1,300 barrels a day to Rare Metals Corp. Tells Meeting Of Major New Mexico eral manager of Rare Metals Corporation of America has disclosed that the company, which is an affiliate of El Paso Natural Gas Co.; has developed a uranium ore body in the San Mateo Dome area of Ambrosia Lake district of New Mexico containing in excess of 800,000 tons of ore valued at more than $20 million. Mr. Kline said at a recent meeting of the Utah Securities Dealers Assn, that the ore had a grade of about .24 U308 and is about 1,000 feet below the surface. Mining apparently would have to be by underground workings. Rare Metals is continuing its development of ore reserves, with the last three holes drilled in ore, Mr. Kline said. The company is discussing the establishment of a mill at the properties, and he told the security dealers that he was optimistic about conclusions of pending negotiations. The properties in McKInlet County, . N. M., were leased by Rare Metals from Bill Denvers of Salt Lake City, Mr. Kline said. . He added that they are now engaged in engineering work which will lead to the rapid development of the mine. The company L also continuing its investigate?0 commercial potentials c? 1957 Utah Oil Mounts Tariff Board Sets Date For Lead-Zin- c Talks filed on Sept Lead-Zin- Oil oh4 ft there are in the dying lead-zin- c industry of the West. The impact of nonferrous metals decline in the western states would have been much more seriously felt if it had not been for the uranium boom in southern Wyoming, western Colorado, New Mexico and Arizona. Intermountain western uranium people point to the facts that. 1. South African uranium is a of gold production by international companies. The price they get is between $8 and $8.50 per pound for concentrates compared with $6.50 to $7 minimums in some segments of the American industry. 2. The contracts of the South Africans run to 1966. Contracts with U.S. producers end in 1962 by-produ- ct well-heele- d by and large. There is a 1962-6- 6 program for domestic producers, but AEC has yet to define its meaning production-wise- . 3. Commission policy, rightly or wrongly, is resulting in the end of the independent prospector and mill operator. Recognizably this is not so much a matter of AEC intention as the result of U.S. government largesses affecting the of uranium. world over-supplMost western domestic producers would like to see an abrupt end of foreign uranium purchasing. But their hopes seem as pious as those of the lead-zinmanganese, chrome, antimony, flourspar, cobalt, tungsten, independent copper producers, etc. y c, of the Big Indian mining district, on a school section owned by the State of Utah and leased by the company. Among the features discussed in Federal Gets the Bureaus report are the care Lakevie w Work taken in blending ore from two ore bodies to keep the grade of shipments at a profitable level; trackless use of diesel-powere- d in the units and haulage mining an incand workings, underground entive-bonus system that has been effective in maintaining production. The report contains detailed information on costs. The report covers all operations: Ventilation, analyses of mine air to guard against radioactive gases, roof support methods, use of different types of drills and explosives for varying rock formations, recovery of pillars and blending of ore. Equipment used in the mine is cataloged, and the cost per ton of h ore during a period is manand dollars both in given each with apportioned hours, among the various operations. six-mont- Superior Files San Juan Sites Federal Uranium Corp., Salt Lake City, has acquired operating control of claims of Idaho Lake-vieMines Co. which adjoin Federals Conjecture silver mine in Idahos Coeur dAlene district, it was announced this week. Ralph W. Newman, Salt Lake the acquisition was made because City, president of Federal, said it appeared that the Conjecture vein extended into the Lakeview property. Both this and the Keep Kool vein on the Lakeview property can be mined from a shaft on the Conjecture, he said. Under the agreement, Federal will recover its development cost on the Idaho Lakeview property and then will receive 60 per cent of the profits after costs. Idaho Lakeview, which gets 40 per cent of any profits, also would pay s of the cost of the Conjecture shaft from its share of profits. Federal recently deepened and enlarged the Conjecture shaft to level. About 650 feet the of drifting on this level encountered an ore project considerably longer and of richer grade than level, he said. on the It is now planned to continue drifting on the 700 and then to cross the hanging wall and diamond drill to a greater depth. It is hoped that the new drifts will encounter a second ore chute at w four-ninth- 700-foSuperior Oil Co. of California Thursday filed two new locations with Utah Oil and Gas Conservation Commission for wells in 500-fothe McElmo Creek and Aneth Pool fields of San Juan County. The McElmo extension well is Navajo J--l, 76b feet from north line; 560 feet from west line, Section 9, Township 41 South, Range 24 Eari. The Aneth field tests is 680 feet from the depth. Mr. Neyman says at curNavajo south line and 1,950 feet from rent rate of development, the Conot ot A-1- 0, |