Show t I I I I I I I I HoI I 1 I I I I I I Jo t J. J I Mining I Matters J SILVER RING KING REPORTS FOR QUARTER For the quarter ended D December ember 31 1944 Silver King Coalition MInes company com com- company pany sustained a net loss of after aU all taxes and depreciation but be- be foro depletion equal to per share on shares ot of 5 par value common outstanding Net profit for the year ended December Decem- Decem December ber 31 1944 was or per outstanding share AN INTERESTING ARTICLE In the feature section of the Salt Lake Sunday Tribune Joan Geyer edited an article of Interest to mining circles which is reproduced here The article was supplemented by photographs hs ot of the Silver SUver KIng tion mine surface workings Bert Aubrey chief chiet assayer ot of the Park Utah ing gold bearIng ore sample In laboratory furnace and Fred Langford and Jack Wilson assistant assayers at the mine going about theIr daily work Gold once queen ot of western metals has been supplanted for the duration by her more utilitarian sisters lead copper zinc and silver Like nn an ex girl learning war war- wartime time precedence of need over beauty gold has been relegated to the role or handmaiden Its recovery from multi multi- metal bearIng ores condoned only when It helps to pay the way ot of war metals With hungry allied guns calling for bUllets and the nations nation's lead stock down to a n scant one months month's supply lead to- to today day heads the hit parade of critical war metals A. A M M. Dixon consultant mining division war production board made plain Saturday He panted painted a gloomy picture ot of the nations nation's lead predIcament More Miners l Needed Short miners western lead mines have fallen from ton production production tion in 1942 to an estimated ton production goal for 1945 tons tons below expected needs I INor Nor can help be expected i our allies alUes Importation ot of tons of lead from the Brush empire in 1942 dropped to zero In 1944 while Mexican lead mines hamstrung by strikes slumped badly in production i The exIsting lead supply pin in the United Uni- Uni United ted States today exclusive ot of current production about tons compared com com- compared pared to a stockpile of tons in March 1943 Lead Bogs Down Despite highest national labor prior prior- priority ity Utah lead produced chiefly by Sil- Sil Silver ver King Coalition Mines Co Park Utah Consolidated Mines Co and New Park Mining Co has bogged down to 65 or of war pre production largely due to an acute shortage ot of miners Few persons realiZe that silver Is a war metal sufficiently critical that sup sup- supplies supplies plies have been released released by the U. U S. S mint for military use Mining Consult Consult- Consultant ant Dixon revealed It s 18 used chiefly as an electrical conductor replacing copper now more urgently needed for ammunition While silver sUver is n a better electrical con con- conductor conductor ductor than copper Its Cost ordinarily prohibits its use It is likely that silver sUver now being used in and transformers will be replaced by copper fOllowing the war he said Utah metals are mined from multi multi- metal bearIng ores from which re recovery ot of one metal alone in many instances would not pay the cost ot of minIng New Ore VeIns To learn it if new ore veins are worth opening and old veins eins worth continuing to mine ores must be analyzed to deter deter- determine mine exact content or of each metal Sep Sep- Separate Separate arate are run on samples to diS- diS diScover discover cover the percentage o of individual me- me Most Interesting to a layman Is the analysIs to learn gold content At Park Utah Consolidated Co laboratory technicians after testing for high prior prior- priorIty priority Ity lead run the gold test A A small sample of crushed ore is heated in a crucible until fluid then poured into a amold amold mold in which the lead button con con- containing Jn- Jn also silver sUver and gold sinks to the bottom The lead button Is again put into the furnace this time In a ring con con- containing containing bone ash which absorbs the lead The residue s 18 a pebbled ot of gold and silver When the gold is separated from the silver it is 18 weighed on a scales so 50 delicate that the most minute fleck ot of gold can be registered Bert Aubrey chief chiet assayer brags that the same Instrument will weigh the dot of a pen pencil upon n a cigarette pap paper r STOCK SALES S. THURSDAY New Park SO p FRIDAY East Utah 1000 Q Silver King Western Q SATURDAY MONDAY No Park City stocks changed hands TUESDAY New Park 2600 New QuincY 1000 WEDNESDAY New Park Q New v Park Park Utah Consolidated Consolidated Silver King Coalition cons Park Utah Keetley Total |