Sampling the Mining News (74c184d6-0f2b-4581-91c4-8e172271c847)

Discovery of a deposit of magnetite ore estimated at 3 million tons and of quality sufficient to warrant mining has been located near Reading, Pa. by the Bethlehem Steel Corp. Last January; the company spent nearly $400,000 for about 1750 acres of farm land which had been valued at only about $50 per acre. It is expected that a pilot shaft 18 in. in diam will be sunk some time this spring. The ore body, delimited by diamond-drilling by Sprague Henwood, is said to measure roughly 2000 sq ft and 1000 ft thick, beginning 1500 ft below the earth's surface. In a continuing search for strategic minerals, the Atomic Energy Commission expects to put eight to ten diamond drilling rigs into the area 11 miles southwest of Blanding, San Juan Co., Utah early this year. The Commission's primary objective is the Salt Wash member of the Morrison formation. Holes 140 ft deep are expected to be drilled, with solid bit drilling through overburden, mudstone, shale and sandstone overlying the area.