Nevada Nugget Hunters

rehab · Joined: 15 Aug 2006 Posts: 939 Location: NEVADA

TEXAS
Operation of a new antimony smelter at Laredo, Texas, has been started by the Republican Mining & Metal Company, subsidiary of Cookson Lead & Antimony. This supplants the smelter at Wadley, San Luis Potosi, Mexico, which the company operated for many years. The Laredo plant will treat both Mexican and United States ores. J. B. Harper of Wadley is general manager.
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The World Exploration Company of Texas, Van Horn, Texas, F. E. Browne, general manager, is producing silver-copper ore at the rate of 50 tons daily. Its 100-ton daily capacity flotation mill, using MacIntosh flotation machines, was placed in regular operation May 2, 1930, and is giving very satisfactory results, it is reported. The company employs 32 men, 17 in the mine, 5 in the mill, and the others in miscellaneous work. Among company employees are: K. L. Erickson, mill superintendent; A. P. Williams, chief mechanical engineer; H. F. Carpenter, chief chemist, and H. H. Parker, chief clerk.

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rehab · Joined: 15 Aug 2006 Posts: 939 Location: NEVADA

TEXAS
A 20-ton quicksilver reduction plant is now being installed for the Rainbow Mines, Inc., at Terlingua, Texas. This plant, designed by C. N. Schuette, mining engineer, 806 Call Building, San Francisco, uses a 10-foot diameter, four-hearth Herreshoff Furnace, for roasting the ore.
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For the six months ended June 30, last, net profits of Nichols Copper Company, recently acquired by Phelps Dodge, are estimated at $801,879, after deduction for interest, federal taxes, etc. The company has outstanding 91,824 shares of no-par Class A, and 210,000 shares of no-par Class B stock. Estimated total assets, as of June 30, were $24,417,754, compared with $21,279,057 on December 81, last; and surplus was $4,328,687, against $4,264,688. Current assets were $18,765,175, and current liabilities, $18,157,267; as compared with $11,049,258 and $10,-082,624, respectively, on December 31, last.
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St. Louis people holding leases on the nickel ore deposit, reported discovered in western Texas, by W. J. Moran, of Midland, are now about ready to make a second core test on the property. It is believed that the ore body may extend 19 feet in thickness. The deposit is located 11 miles from the railroad.
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rehab · Joined: 15 Aug 2006 Posts: 939 Location: NEVADA

TEXAS

It is understood that there will be but a small reduction in the number of workmen employed at the Nichols Copper Refinery, at El Paso, as a result of the 15 percent curtailment in production at the plant. The new measure adopted reduces output from 8,500 to 6,600 tons per month, according to Charles W. Nichols, Chairman of the Board of Directors.

Nichols Copper has declared a quarterly dividend of 43 ¾ cents per share, payable December 31, to stock of record December 20, compared with 75 cents per share paid three months ago. Class A and B stock have been on a parity, as to dividends, since June 30, 1930. Prior to that date the Class A shares had preference to the amount of $1.75 a share per year.
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Work on construction of the Antimony Smelting Plant, north of Laredo, Texas, is reported progressing most satisfactorily. Several of the 11 buildings that will occupy the 15-acre site, are nearing completion, and it is expected that operations may be started at the plant in December. The first units are being built at a cost of $100,000, and the completed plant is expected to involve an expenditure of approximately $500,000.

It is understood that the Texas Mining & Smelting Company is the organization back of this work, and that the Republican Mining & Metal Company, Ltd., operating antimony mines at Wadley, San Luis Potosi, Mexico, is also interested in the project.

Officials of the two organizations have been supervising the construction work, and H. P. Henderson of New York, President of the Texas Mining & Smelting Company, is expected to establish headquarters at Laredo. Others who are expected there, are J. B. Harper, Vice-President and General Manager, and W. J. Graveling, Second Vice-President, and General Superintendent.
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rehab · Joined: 15 Aug 2006 Posts: 939 Location: NEVADA

for DECEMBER 30, 1930

W. J. MORAN REPORTS ON NICKEL ORE FOUND IN TEXAS

W. J. Moran of Midland, Texas, has completed a report on his conclusions, with reference to his discovery of a nickel and cobalt ore deposit, in western Texas, near the Stateline of New Mexico, announcement of which was made several months ago. The deposit was discovered by Mr. Moran some years ago, while in search of a supposed vein of coal, but it was not until about a year ago that he became aware of its possible value.

Samples from the deposit were forwarded to A. W. Forstall, Professor of Chemistry at St. Regis College, in Denver, who reported the ore to contain “notable quantities of both cobalt and nickel,” and who expressed opinion that the property might be worthy of development. Mr. Moran finally decided to further explore the property.

A core test was completed on the holdings last month, drilling having taken place in the vicinity of the old diamond drill test of 1917, revealing what is believed to be a nickel ore deposit of considerable thickness, and of a percentage of the two minerals mentioned, to justify commercial mining. Mr. Moran hopes to be able to arrange for further exploration on the property, and a thorough sampling of the deposit, for full determination of its worth.

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TEXAS
Announcement has been made at the El Paso offices, of the Potash Corporation of America, that the company has recently acquired 4,000 acres of mineral leases in Ector and Midland counties, Texas, which are to be worked in co-operation with the Bureau of Mines. Exploration work will be under the supervision of the government, which assists potash companies in the southwest, in drilling and surface work.

It is planned that if potash deposits are found, the Potash Corporation of America will deepen the drill holes with the expectation of finding commercial oil and gas. Work for the potash corporation will be under the supervision of C. S. Peterson of Los Angeles, who was recently promoted from Secretary-treasurer to Vice-president of the company.
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rehab · Joined: 15 Aug 2006 Posts: 939 Location: NEVADA

THE MINING JOURNAL for JANUARY 30, 1931

TEXAS

Although the Potash Corporation of America, which has acquired 4,000 acres of mineral leases, in Ector and Midland Counties, Texas, reported that this property would be explored under the direction and supervision of the U. S. Bureau of Mines, advises from Washington D.C. that no cooperative arrangement with this company has either been granted, or even asked. The United States Bureau of Mines has no connection with the work proposed.
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Construction of the 3,000-ton antimony smelting plant, by the Texas Mining & Smelting Company, at Laredo, Texas, has been practically completed, and regular operation has started. The plant is working on ore principally from properties of the Republican Mining & Metal Company, at Wadley, San Luis Potosi, Mexico. J. B. Harper, Manager of Republican Mining & Metal, who has been supervising work of the Laredo Company, has returned to Wadley.
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