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Show Utah Mine Industry Prospecting Goes Deeper ' I . Surface Plant at East Utah Property of Newmont, Where Work is Proving Costly. With mineral deposits on or near the surface combed over, the development de-velopment of a mine today presents pre-sents new and increasing problems. prob-lems. An example of this is the exploration ex-ploration program of the Newmont Mining Company at the East Utah property, situated in the eastern end of the Park City mining region. Nearly two years ago, the Newmont New-mont company acquired control of the East Utah company after a thorough geological examination and since that time has expended about $150,000 in exploration. A tunnel is being driven to sound out the productive possibilities of the lower levels of the East Utah property where considerable shallow shal-low work has been done over the past quarter century. The East Utah program calls for the driving of a 4500 foot tunnel, of which 2200 feet has been completed. Before the objective is completed, com-pleted, it is estimated that the Newmont company will have expended ex-pended in the neighborhood of $300,000 for equipment, supplies and labor. This is a far cry from the early days when many an outcrop out-crop of ore was found on or near the surface, and is indicative of the risk that must be taken now to develop Utah's mineral resources. It also shows that practicability of encouraging strong, well financed fi-nanced companies to enter this field to insure the future of Utah's mining and smelting industry, which needs rehabilitation following follow-ing the war years when development develop-ment was necessarily curtailed by the manpower shortage. |
