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By Mark W. Booth

THIS paper deals with the subject of inbye power as the mechanical . engineer sees it, and invites discussion, particularly from the electrical engineer. At the outset, it will be necessary to clear the ground a little by some definite statements. In this question of compressed air versus electricity for the transmission of power and driving of machinery in underground workings, we must see that there are definite fields that compressed air on the one hand, and electricity on the other, can fill to much greater advantage than the other, and in which there can be little or no direct competition, at least for the present. It is under conditions where these fields overlap, and as to where the line must be drawn between the two, that the respective merits of each must be considered. Steam was the first means used to transmit power from the surface of a mine to drive underground machinery, and so long as distances were short and means possible to ensure fairly efficient use of the steam, and where the fire hazard was not in evidence, it gave fairly efficient service. I have in mind an instance during my own connection with the mines-a duplex pump at the shaft bottom at Princess colliery, driven by steam, and which used the steam compound and condensing; and, but for the mechanical difficulties, it was a not inefficient proposition. The steam was taken direct from the surface boiler-plant through a line down the shaft, and used directly at the pump, being in effect a straight conversion from coal to steam to work done. It was the mechanical arrangement, and failure of the pump in that direction, that led to its removal and replacement by something better in the way of an electrically driven turbine pump. Given modern mechanical arrangements, such as a steam-turbine drive on a high-speed turbine pump, and all other parts made in accordance with best practice in the art of steam generation and use, a steam-driven unit fully as economical would have been obtained. But the central electric supply station, and all that that means or promises (not always the same), turned the scale against steam.

Jan 1, 1936

By J. Peterson, D. D. Tannant, J. Todd

"A review of blast designs and improved blasting practices at the EkatiTM diamond mine is presented along with the results of three blast-monitoring experiments. Blast monitoring was undertaken to investigate blast damage mechanisms in the mine’s well jointed rock mass. Rock mass damage caused by production, pre-shear and wall control blasts was measured. EkatiTM uses 270 mm holes for production blasting, and 165 mm holes loaded with a decoupled charge for pre-shearing. The production blasts are loaded with bulk emulsion/ANFO blends. The mine plan involves using 30 m double benches. A 30 m high pre-shear is drilled and blasted prior to the production blasting that is done with sequential 15 m benches. This paper summarizes the monitoring equipment and data gathered to date. IntroductionThe EkatiTM diamond mine is located about 300 km northeast of Yellowknife, Northwest Territories, Canada. The mine is a joint venture of BHP Diamonds Inc. (80%) and geologists Charles Fipke and Stewart Blusson (10% each). The EkatiTM mine is Canada’s first diamond mine and BHP is the operator. The mine is accessed by air and by a winter ice road.The first kimberlite pipe mined at EkatiTM is known as the Panda pipe. The Panda open pit mine will have a total depth of 315 m (Fig. 1), a width of about 600 m, and a 50° overall slope. Initial ore production is 9000 tonnes per day.This paper summarizes the pre-strip blasting and the evolution of the production and wall control blast designs from 1997 to 2000. The initial blast designs and the rationale behind subsequent changes that took place are presented along with the techniques currently in use.The paper also briefly presents an experiment done to measure the rock mass response to blasting. Three blasts were instrumented with geophones, gas pressure sensors and time domain reflectometry cables. A brief summary of the instrumentation and data gathered is included."

Jan 1, 2001

By T E. Tibbetts

This paper deals with coal sampling in general and with mechanical coal sampling in particular. The necessity of obtaining representative samples is emphasized. Other sections of the paper are devoted to the design and selection of automatic samplers, with a consideration of the three main types, and the testing, operation and maintenance of these samplers. The cost of the installation of an automated sampling system must be related to the value of the material to be sampled, to the volume of coal involved, and to the savings in labour and economy which can be achieved. Introduction T HE Committee?:; on Coal Sampling of the Coal Study Subsection, Thermal Power Section (Eastern Zone), Canadian Electrical Association, was established in November, 1963, to "study the various problem areas of coal sampling." The first undertaking of the Committee was to at-tempt to survey the problem areas of coal sampling through an evaluation of coal sampling difficulties as experienced at both the plant design and operational levels within the electric utilities represented on the Committee. The results of this enquiry indicated that satisfactory answers to almost any conceivable

Jan 1, 1965

By R. E. Johnson

Seventy years after the start of the Industrial Revolution in Great Britain, as reckoned from Arkwright's water frame patented in 1769, there was a significant development of the metallurgical industry in Virginia. In Britain, crucible steel had been rediscovered by Benjamin Huntsman in 17~0, and this made spring and tool steel more generally available. The metal-turning, screw-cutting lathe, including the basic principles recognized in today's engine lathe, was developed by Henry Maudslay about 1797. Wrought iron, as manufactured by Henry Cort's process patented in 1784, was readily available. Richard Trevithick's highpressure steam locomotive had met its test on the Pennydarren tramroad in 1804, and George Stephenson had built his famous Rocket, along with several other locomotives, at Newcastle around 1828. Puddling furnaces and a rolling mill had been placed in operation at the Tredegar Iron Works in Glyn Sirhowy, Monmouthshire, Wales, in 1807. In the United States, expanding commerce and a growing population resulted in continuing development from the Chesapeake to Virginia's Blue Ridge, and this demanded improved means of transportation. Ore deposits rich in hematite had been found in Virginia's Piedmont during the Colonial period, and a number of blast furnaces now dotted that area. The products of these operations were mostly pots, kettles, stove parts and like items for local trade. The James River and Kanawha Canal was incorporated in January 1785. Its eastern leg, winding along the slope of the high bluffs overlooking the river, was completed about 1800. About two dozen railroads were chartered in Virginia between 1830 and 1837. With expanding population and steady industrial development came a need for metallurgical products. Throughout the eastern United States, numerous metallurgical enterprises sprang up, and many of these flourished. The purpose of this article is to outline the development of one Southern metallurgical company, the Tredegar Iron Works, which was to have a significant impact on the industrial development of Virginia and the fighting of the American Civil War. Although the Tredegar Iron Works no longer exists, remnants of the early operations have been restored, and the current status of the site is also presented.

Jan 1, 1999

By J. W. Baker

"The Kerr-Addison mine is on the northeast shore of Larder Lake in the township of McGarry, District of Timiskaming, Ontario. It lies just south of the highway leading to the town of Kirkland Lake, 25 miles to the west.The property was first staked in the summer of 1906, by a party of prospectors led by a Dr. Reddick of Ottawa. Subsequent assessment work resulted in the erection of a 20-stamp mill in 1908. Gold from this mill was used in the first gold coins to be minted in Canada. The operation did not prove successful, however, and mining was suspended. In 1914 a consider-able amount of underground development was undertaken by the Associated Goldfields Co., without success.In 1936 Kerr-Addison Gold Mines Co. carried out large-scale sampling from four adits driven into the hillside at the mine. Results were not satisfactory, but it was decided to drill one last deep diamond drill hole from surface. The hole cut a wide section of gold ore. With this encouragement, further development outlined a large tonnage of ore, and a 500-ton mill was put into production in May, 1938. In 1939, its first full year, the mine produced 54,480 ounces of gold and 2,732 ounces of silver. By 1955 the mill had been expanded to a rate of 4,549 tons daily, and in this year 427,193 ounces of gold and 23,490 ounces of silver were produced.From 1938 to the end of 1955 the total production, from 17,473,797 tons milled, has been 3,607,462.74 ounces of gold (0.2064 ounces per ton), and 182,278.56 ounces of silver, with a total value of $131,073,037."

Jan 1, 1949

By R. D. Brown

"AbstractIn order to raise the enormous amounts of capital which will be essential for the development of Canada's mineral and petroleum resources, this country's resource industry must be permitted to earn an acceptable rate of return. The existing tax regime, with its high rates, complexities and misdirected incentives, presents a serious obstacle to our resource industries in their development of Canada's immense , but increasingly lean, resources. Government tax and other policies are not the only cause of the crisis now facing the resource sector in Canada, but a reformed tax system, with stable and reasonable tax burdens, is required if Canada's resources of minerals, oil and natural gas are to continue to contribute in the future, as in the past, to our national well-being.An independent task force, organized under the auspices of the Canada West Foundation, has recently completed a wide -ranging report: on the future development of Canada's mineral, oil and gas resources. This five-volume report, completed after almost two years of research and study, concludes that Canada •is facing a major crisis •in the development of our resources, It states that unless corrective action is taken now, mineral production and exports could decline drastically after 1985, at the same time that Canada would face massive bills for imported oil because of inadequate and declining production.The task force, chaired by the author of this article, has put forward recommendations for a fundamental shift in both federal and provincial policies in order that Canada's mineral reserves can be developed in the national interest. This article consists of excerpts from the summary of the task force's report."

Jan 1, 1977

By T. G. Hawkins, T. M. Naciuk

"The Katie Cu-Au deposit is situated in southeastern British Columbia, 425 km east of Vancouver. The deposit is a member of the alkaline group of porphyry Cu-Au deposits associated with potassically and propylitically altered andesitic volcanic rocks.The Katie porphyry system occurs in mafic to intermediate alkaline volcanic rocks of the Lower Jurassic Elise Formation of the Ross/and Group. Host metavolcanic rocks include andesitic to basaltic flows, flow breccia, massive fine tuff and crystal tuff Gabbroic intrusions alternate with the volcanic rocks in drill core. The lack of chilled margins and shear contacts, as well as their similar composition to the volcanic rocks, suggest that the gabbro was synvolcanic.Alteration exhibits a zonal pattern spatially related to zoned porphyry-style mineralization. Propylitic alteration is common and assemblages consist of epidote, chlorite, sericite and calcite. Potassic alteration zones are accompanied by elevated copper-gold grades and are composed of K-feldspar, plagioclase, quartz, biotite and chlorite. Narrow drillhole intervals of secondary magnetite, generally less than 2 m across, occur above the potassic alteration zones. A thick oxidized cap lies above the mineralized zones, although only local supergene enrichment has been identified. The lack of supergene enrichment is perhaps due to intense near-surface fracturing and leaching from a high energy groundwater environment.Sulphide mineralization consists mainly of pyrite within the propylitic halo, and pyrite and chalcopyrite with trace pyrrhotite, sphalerite, tetrahedrite, bornite and molybdenite within the potassic alteration core. Malachite, azurite and traces of chalcocite occur within the oxidized cap.Discovery and exploration techniques have included airborne geophysics, regional stream sediment sampling, prospecting, geological mapping, ground geophysical surveys, soil sampling surveys, and diamond drilling. Two primary targets of porphyry copper-gold mineralization have been identified by exploration. The Main zone strikes northwest, has an apparent true thickness ranging from 70 m to 135 m, and is a minimum of 500 m in length. The 17 zone strikes northwest, has an apparent true thickness of 90 m, and is a minimum of 300 m in length. The two zones are defined by grades that generally exceed 0.2% Cu and 0.25 g/t Au. Both zones are open along strike and to depth."

Jan 1, 1995

By J. E. Dutrizac

"The end of an era in zinc metallurgy took place on July 31, 1976 when the horizontal retort furnaces of the National Zinc Company in Bartlesville, Oklahoma were permanently shut down (1) . For more than a century, horizontal retorting had been the most common method of producing zinc in the United States; it was a thriving industry in many parts of that country, especially in the natural gas belts of Oklahoma and Texas. With the Bartlesville closure, yet another metallurgical process has become an object of historical interest for North American metallurgists. Although shrouded in controversy, the origins of zinc metallurgy seem to date back at least 2000 years. Pyrometallurgical methods with carbon reductants are capable of producing zinc from oxidic zinc ores, but only above the boiling point of the metal. Although slow cooling results in re-oxidation of the zinc vapour by air or carbon monoxide, quenching yields liquid zinc; some form of rapid cooling, either accidental or intentional, was likely used by ancient metallurgists to liquify the metal. Zinc metal found in Athenian objects of the Roman era was likely of accidental origin. The Romans employed brass extensively for coins and ornaments(2) , and this was intentionally produced by the calamine process whereby oxidic zinc ores were added to molten copper under strongly reducing conditions. Zinc appears to have been known in China and India as early as 1000-1300 A.D., and was probably smelted commercially in those countries from the 14th century. Although the early metallurgical procedures were probably inefficient, they were able to produce zinc metal in significant amounts. The large heaps of zinc residues with clay retorts bear testimony to an early smelting industry of impressive magnitude. It is estimated that the heaps at Zawar, India alone represent the extraction of 100 000 tons of metallic zinc(2) In the 1730s the smelting of oxidic zinc ores was developed in England using a vertical retort method. In 1788 a British patent was granted for making zinc from zinc blends (ZnS) by roasting the ore in a coalfired reverberatory furnace, mixing the calcine with charcoal and smelting the mixture with suitable zinc condensation. The English process was very energy intensive, however, and early in the 19th century the Belgians developed a horizontal retort process for the reductiondistillation of zinc that was more fuel efficient. This technique was gradually developed into what came to be known as the Belgian process, the forerunner of the ""modern"" horizontal retort furnace."

Jan 1, 1999

By R Thomson

The use of uranium metal in non-ferrous metallurgical practice is dis-cussed with reference to its alloying behaviour and chemical activity. It is suggested that the more promising applications are in the treatment of molten metals to combine with impurities. Mines Branch work along these lines is described for copper, zinc, magnesium, aluminum and nickel alloys. It is shown that a cop-per-uranium master alloy (25 per cent U) successfully deoxidizes molten copper without detriment to the electrical or mechanical properties of the product at residual uranium levels of up to 0.8 wt. per cent. Additions of uranium to alpha brass in amounts greater than the lead impurity content were found to remove the deleterious effect of lead on hot-workability. Similar deoxidizing and malleableizing effects were found with uranium additions to nickel. It is thought that uranium forms stable intermetallic compounds with many impurity elements. A significant malleableizing effect can therefore be expected in the presence of other elements besides lead.

Jan 1, 1963

By Peter C. Jones

The paper gives a broad view of the maintenance procedures at the Cassiar Asbestos Corporation property. Comparisons are drawn to indicate the changes in facilities and approach that have evolved over the last 25 years while coping with the northern British Columbia climatic conditions. Special emphasis has been placed on the importance of the support groups providing services for both the mine site and the town.

Jan 1, 1978

By J. Visman

"SummaryThis paper is presented as part of a programme to show the steps taken by industry and others interested in supplying a solid fuel of constant quality to 'satisfy a consuming market. The paper deals with the general principles underlying quality control in coal preparation plants, namely, constant quality and close adherance to acceptance limits. It also describes how control of ash content is ""generally hampered by the problem of coal sampling .and the long duration of the ash analysis and how these difficulties may be overcome.Quality control can be effected in several ways. Thorough blending wll reduce variations appreciably, except those of long trend. The latter can be detected by automatic sampling and quick ash analysis. At present, under favourable conditions, a system of half-hourly ash determinations with an accuracy of 0.5 to 1.0 per cent can be realized, to the effect that trends with a 'wave length' of more than two hours cu be eliminated within the limits of accuracy of the ash figures. The general solution of the problem is a combination of blending, accurate sampling, quick ash determination, and statistical analysis of the pattern of ash distribution.The use of statistical methods of analysis, such as the t test and F test, is •discussed at some length in order to emphasize the importance of the correct evaluation of observational data if there is to be confidence in the validity of test results.General ConsiderationsCOAL, as a fuel, is too cheap for a long haul across the country. The limiting distance depends on the price of the local competitive fuels, and, as the price depends to a great extent on quality, so does quality, to the same extent, command the market."

Jan 1, 1952

By P. Cicmanec

Mining activities in the territory of Slovakia have a long history. Mining techniques have developed rapidly in the last centuries. This paper deals not only with mining history, but also with underground brown coal mining, magnesite mining and other mining activities at present and sustainable developments of the mining industry in the Slovak Republic. This paper looks forward in the context of mineral raw materials in Europe (Global Europe, 2012).

Aug 1, 2013

By J. Shanks

A S far back as 1925, Brazeau Collieries, Limited, became interested in .briquetting. This was brought about by complaints from their principal customer that stack losses, due to a high percentage of fine coal in their mine run, were excessive. The Company considered oil spraying of the fines. This, after some experiments and tests had been made, was ruled out as uneconomical and impracticable. When sufficient oil to be effective was put into the fines, it caused the coal in the tender of stoker-fired engines t0 arch over the screw feeder. The Company ultimately placed their problem in the hands of the Re-search Department of the University of Alberta. Experimental work was carried on by this department over a period of more than a year. The results obtained and the experience gained in this research work were conveyed to Brazeau Collieries in a report dated October 31st, 1929, and in a supplementary report dated February 2nd, 1935. Most of the results obtained in experimenting with Brazeau coal are embodied in a brochure, reprinted from the proceedings of the Second International Conference on Bituminous Coal, Vol. 19-24-28, entitled Principles in the Briquetting of Coking and Non-Coking Bituminous Coals, by E. Stansfield and W. A. Lang. All who are interested in briquetting should read this brochure. In the writer's opinion, iris the most important treatise on the subject printed in recent years. The results given in the paper are, of course, those obtained in laboratory investigation. It was pointed out to the writer that it would be most interesting to have such results correlated with those obtained in commercial practice. In this short paper, an attempt is made to do so.

Jan 1, 1942

By J. Bélanger, B. Semlali, M. Grenon

RÉSUMÉ La conception des fosses ainsi que l'évaluation des ressources géologiques et des réserves minières sont désormais réalisées entièrement à l'aide d'outils informatiques spécialisés. Cependant, plusieurs analyses, pourtant essentielles à l'évaluation de la viabilité du projet, sont réalisées en parallèle sans véritable optimisation ni synergie avec l'ensemble des données disponibles. Cet article présente deux approches permettant d'intégrer certains types d'analyses aux modèles de blocs miniers. Ces approches permettent de quantifier la broyabilité du massif rocheux ainsi que d'étudier la stabilité des pentes minières à même les outils d'optimisation et de planification minières. Cette méthode permet dès l'étude de faisabilité d'un projet minier de maximiser les données disponibles, menant ainsi à une approche plus intégrée en conception minière. De plus, ces approches sont flexibles et permettent d'évaluer rapidement plusieurs scénarios, tout en laissant la possibilité de bonifier le modèle et de revoir la conception tout au long du projet minier.

Jan 1, 2010

By Jacob W. Young

A casual reading of the geological literature extant to-day would give one the impression that carbon is an element which by some chance or another always existed at or near the surface of the earth, and was never of a magmatic origin. The carbonaceous matter in shales is said to be of vegetal derivation; petroleum is stated to have been derived from vegetable matter or from marine animal bodies; if carbon or bituminous matter is found in igneous rocks or associated with metallic ores, the statement is made that deeply buried carbonaceous sedimentaries were undoubtedly the source from which such carbon or bituminous matter was derived. This, I do not consider a reasonable or common sense view of the matter. Carbon is one of the elements of which the earth is composed. In the table giving the periodicity of the elements it comes sixth in the order of increasing atomic weights. It is an element formed like all the rest were formed, and must be as common to the interior of the earth as the rest of the eighty-odd elements so far discovered. The spectroscopic analysis of light from the sun, and the stars, shows the presence of carbon in the sun and in the colder stars. Thus with carbon, an element, found throughout the universe as well as on the earth, it is entirely reasonable to consider it as present in the interior of the earth with the other elements. Such being the case, the magmatic origin for the various forms of carbon in rocks and ores is a rational and logical conclusion. If but a small fraction of thought and effort was made along these lines, which is made in fostering the idea of the organic origin of the carbon found in the earth's crust, untold advances in this phase of geological science would result.

Jan 1, 1925

By Bruno Lafrance

Abstract - Quartz veins at the Mufferaw gold prospect and Komis gold deposit, northern Saskatchewan, are examples of oblique-extension veins that crystallized in shear and tensile fractures, which propagated and then opened oblique to their walls during a single continuous deformation event. The Mufferaw gold prospect consists of an interlinked mesh of conjugate shear fractures, tensile fractures, and veins. Oblique-extension veins crystallized in conjugate shear fractures, which opened during dilation of intersecting tensile fractures under the same far-field stress system. At the Komis gold mine, tensile and dextral shear fractures cut across granodiorite dikes. The tensile fractures formed perpendicular to the dike margins during stress transfer from the less-competent country rocks to the more-competent dikes. During extension of the dikes oblique to the bulk extension direction in the country rocks, the tensile fractures were reactivated as sinistral shear fractures. The reactivated tensile fractures and dextral shear fractures opened oblique to their walls, parallel to the bulk extension direction, and were sealed by the deposition of oblique-extension veins during the same deformation event.

Jan 1, 2004

By Alan M. Jessop

This paper discusses the distribution of frozen ground in the zone of discontinuous permafrost in relation to the pattern of surface temperature. The importance of understanding permafrost in relation to surface construction and open-pit mining operations is stressed.

Jan 1, 1972

By Stanley G. Hutton, Robert Brubaker

"It has long been recognized that mining workers subjected to high levels of hand-transmitted vibration may suffer from vibration-related complaints. Prolonged exposure to whole-body vibration may also result in adverse effects. In this study, the effects of vibration on mining workers are examined. Previous work documenting the occurrence of vibration-related disease is reviewed. From this work, it is apparent that operators of hand-held pneumatic rock drills are exposed to a significant risk of developing vibration disease. Vibration levels recorded on the rock drills now in use are presented and shown to exceed levels recommended by a proposed ISO standard.IntroductionThe possible harmful effects of exposure to excessive vibration levels have long been recognized, particularly among operators of hand-held tools. Numerous cases have been reported of a vasospastic disorder commonly known as vibration white finger disease (VWFD), which was a term coined by the Industrial Injuries Advisory Council in Scotland in 1970(1 ), Those suffering with the disorder have frequent vasospastic attacks in which the fingers, hand and, in advanced cases, the lower arm turn white and numb, usually after a cold stimulus. Advanced stages of VWFD have been reported in which the skin becomes ulcerated and gangrenousm. The incidence of the disease has been particularly serious in the forest industry due to the extensive use of chain saws. However, in recent years, the introduction of antivibration saws has resulted in a significant reduction in the occurrence of the disease.In a recent report for the Canadian Department of Supply and Services - Energy, Mines and Resources, Hutton & Brubaker considered the effects of vibration on workers in the mining industry. In this report, the physiological and medical effects of vibration were considered, relevant vibration standards were discussed, previous vibration measurements were documented and field measurements carried out. In the present paper, the results recorded in this study will be summarized, together with results that have been previously published relating to vibration levels existing in the mining industry."

Jan 1, 1982

By D. A. Rhys

"The Red Bluff porphyry is a tabular 2 km long north-west trending Early Jurassic quartz diorite to monzodiorite body that intrudes a folded Triassic greywacke sequence in the lskut River area, northwestern British Columbia. The porphyry is 500 m to 800 m northeast of the Snip orebody, which is a southwest-dipping shear-vein, termed the Twin zone that contains approximately 35 tonnes of gold.The intrusion associated with the mineralization is characterized by 0.3 cm to 4 cm phenocrysts of K-feldspar in a mediumgrained plagioclase porphyritic matrix. It is overprinted by pervasive sericite + quartz ± K-feldspar ± biotite (potassic) alteration characterized by intense stockworking of quartz veins containing magnetite--hematite bands. This assemblage is cut successively by quartz veins with minor iron-oxides and pyrite, and by younger pyrite veins with phyllic envelopes. The system is gold-rich but copper-poor, with typical grades between 0.25 g/t and 0.6 g/t Au, and 0.1% and 0.2% Cu. All styles of alteration and veining have similar abundances of these metals. Where southwest- and north-east dipping shear zones are developed in the porphyry, veins of all types are sheeted and foliation parallel. These sheeted zones are interpreted to be syntectonic. Asymmetric phenocrysts, folded veins and oblique foliations developed in the 130 haulageway of the Snip mine imply oblique normally-directed shear on the southwest-dipping foliation.The adjacent Twin zone is a high-grade auriferous shear-vein system that is internally banded with: (1) carbonate-chlorite-biotite veins, with textures indicating formation at least partially by wallrock replacement, and (2) dilatant quartz-sulphide veins. Veins commonly have potassic alteration envelopes that contain biotite ± calcite ± K-feldspar. The zone is highly deformed and schistose, with numerous kinematic indicators including shear bands, asymmetric folds, rotated porphyroclasts and oblique foliations that indicate a normally-directed shear sense which is parallel to that indicated by fabrics within the porphyry.Precious and base metal veins within 2 km or 3 km of the Red Bluff porphyry are zoned. Veins and shear-veins proximal to the intrusion, such as the Twin zone, are typically enriched in gold, copper and molybdenum, and have potassic alteration envelopes dominated by biotite. Distal veins usually contain relatively abundant zinc and lead and have sericitic alteration envelopes. Structures of both types have an Early Jurassic galena Pb-Pb isotope signature.The similarities in structural fabrics and alteration histories in both the Twin zone and the porphyry, the zoning of the vein systems in the area, and the apparently concordant Early Jurassic zircon U-Pb age from the porphyry and galena Pb-Pb dates from the Twin zone and surrounding vein systems suggest that intrusion, semi-brittle deformation and a large mineralizing hydrothermal system were closely related temporally and genetically."

Jan 1, 1995

By Arthur Notman

For the period January 1st, 1942, to January 1st, 1946, the American Bureau of Metal Statistics records the gold production of the world as 118,788,000 fine ounces. If we include 1946 at the same rate as 1945 (26,- 590,000), we arrive at a total of 145,378,000 fine ounces in the past five years . Included in these figures are estimates of Russian output at 4,000,000 ounces per annum for the five years, and 1,300,000 ounces per annum for Korea and Japan. The remaining 120,000,000 ounces represent the aggregate production from official reports of the other gold producing areas of the world, with the exception of the 1946 figures, as noted above. At $35.00 per fine ounce, this represents $5,188,230,000. According to the reports of the Federal Reserve System of the United States, on December 31st, 1941, the monetary gold reserves of the United States were $22,736,- 600,000 (at $35.00 per fine ounce) , while on October 31st, 1946 (latest available) , they had fallen to $20,402,000,000, a decline of $2,334,600,000. Adding this decline to the value of the new production for the five years, we have a total of $7,522,830,000, which has been absorbed by the rest of the world since Pearl Harbour, a rate of absorption of over $1,500,000,000 per annum. This has taken place at a rime when the advocates of purely managed currencies had convinced many people that gold performed no really essential function in the world's economy, and that we could get along perfectly well without it. It was pointed out that gold could not be eaten, it could not clothe our nakedness, it could not shelter us from storms, and, therefore, it was a non-essential, even though it could be used to settle international balances of trade. Apparently, the world as a whole still regards it as preferable to the paper promises of governments, however sound, relatively, they may appear. Actually, we have no way of measuring the true strength of this feeling, because the principal governments of the world have made it legally impossible for their citizens to own gold, except in the form of ornaments.

Jan 1, 1947