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By Gary P. Thomason

INTRODUCTION One may have heard about how various projects were financed or certain companies were successful in obtaining a bank loan, but there are many more projects and companies who fail to get the money they need. At least a portion of these failures, and a large percentage of the frustrations connected with even the successful financings, are a result of not understanding the process of obtaining money. Recent years have seen a proliferation of debt financing sources available to finance minerals operations (see the next Chapter 11), but these represent only a minor portion of the minerals financing market. The fundamental source of borrowed money to many minerals related companies remains the banks. Therefore, understanding the "Loan Approval Process" can easily mean the difference between getting the money or not. LOAN APPROVAL PROCESS The initial stages of the loan approval process should begin long before the bankers, and the organizations they represent, enter upon the scene. The loan approval can be broken down into six stages: 1) Generation 2) Preparation 3) Presentation 4) Evaluation 5) Approval 6) Documentation As you can see in Figure 1, the bank is only directly involved in the second half of the process. The perils in obtaining financing for the smaller minerals venture are primarily in the first three stages, not the last three. The minerals venture making application for a loan can, in almost every case, improve its chances of success by carefully planning and preparing itself and the information that will be required of it in the loan approval process. Generation This first step in the process is deciding on the need for a loan. (Earlier papers in this Book and in Chapter 11 provide some guidance.) It is surprising how many ventures confuse the need for money with the need for a loan. Suffice to say that the equity investor risks both the timing of the yield on his capital and, ultimately, his capital. The lender, on the other hand, advances temporary funds which he expects to be repaid on a specific schedule with a fixed

Jan 1, 1985

By Richard Divine

IN the Parkes process of extracting precious metals from lead, zinc is added to the molten lead containing gold, silver, copper, and, some antimony. These metals, with the exception of antimony, form an alloy with the zinc by reason of their greater affinity for it than for the lead, and this alloy, being lighter than lead, rises to the top, carrying the precious metals with it, whence it can be removed by skimming. These skimmings are further treated for the separation of the zinc therefrom, and the recovery of the precious metals, the zinc being driven off by heat and again used for another operation. In addition to the zinc that combines with the silver, etc., a certain amount is necessary to saturate the lead, and it is therefore necessary to treat the desilverized lead to free it from this residual zinc. To do this it is heated again in a reverberatory furnace and air or steam is blown through it. This oxidizes the zinc together with a small amount of lead and antimony, leaving the lead free from zinc and antimony, and forming oxides of these metals, which rise to the. top and are skimmed off. This process relates to the separation of the metals in these oxides or skimmings. The skimmings are cooled, crushed, and mixed with carbonate of soda and pulverized oil coke. The mixture is heated in a reverberatory furnace on a bath of lead, to about 1,000°C. The metals are reduced by the coke, the lead and antimony go into the lead bath, while the zinc is volatilized and burned to oxide. This impure oxide is at the present time treated at Omaha by the Hall process of electrical precipitation, making a very pure metallic zinc. It can also be very easily refined by the old Schnabel process of using ammonia and carbon dioxide as a solvent. It seen-is to be in an ideal form for this purpose, and very few changes from the original method are required to obtain the zinc oxide practically C. P., leaving the lead and antimony as residues.

Jan 8, 1914

By Roswell Johnson

ALL strata not yielding oil or gas in commercial quantities or a corresponding amount of water may be called dry in a wide sense. In petroleum geology,, however, we may exclude all sands of too low or fin porosity to yield gaseous or fluid contents to the hole drilled in the sand before any original pressure that its contents may be under is disturbed. Most rocks are of this class and they are not reservoirs in our definition; their "dryness" is wholly a matter of course. What are the contents of the pores or what is the exact porosity of such rocks is of almost no concern to us, for economically they are "dry." What does interest us is the content of a rock having sufficient porosity and the pores of sufficient size to yield oil or gas in commercial quantities, if they were present under original pressure: Dryness of these reservoirs is a matter of supreme practical importance. Three views current as to such dryness seem, to me, to apply in a few cases only. It is the purpose of this paper to give reasons for this position and for believing that, in ordinary sedimentary rocks, there is only rarely a reservoir of competent porosity and undisturbed pressure that is dry in the sense of not yielding water, oil, or gas when first penetrated. 1. Gardner1 writes of some Kentucky sands, "There has never been present any salt water or other water in the sand." Absence of water cannot demonstrate this position. It is necessary to show that the rocks were not laid down in water, but in air, and that they became so enclosed, while still above the water-table of the, ground water, that water has not been able to enter since. Most of these sands, and certainly the productive limestones, were deposited in water; and such sands as have been commercially productive show no reason for believing that the overlying shale or limestone was not laid down progressively from one direction and in water that would have flooded it. No adequate explanation has been offered for this hypothesis, which is so inherently improbable.

Jan 1, 1920

By Henry P. Ehrlinger

THE Alta and St. Louis mines of the Alta Mines, Inc., produce a somewhat oxidized ore with a talc gangue that presents quite a problem in milling. For several years the mill recoveries were relatively low and there seemed to be no cure for this condition even with increasing the various collecting agents and frothers to two or three times of what they should be. The usual alibi of "oxidized ore" was given as the reason for these results and the matter stood there for some time until these investigations were started. FLOWSHEET As a brief outline of the flowsheet the ore is crushed to minus I in. in a Telsmith jaw crusher and then fed to a 64 1/2 Marcy grate mill. The resulting product from the grate mill is passed over a trommel where the coarse particles (plus 7 mesh) are returned to the grinding circuit through the classifier. The under 7-mesh pulp is passed over two Denver mineral jigs where a high grade concentrate is produced, thence over two Wilfley tables where a table concentrate is produced and about 80 pct of the oxide lead recovered. The tailings from these tables are pumped back to the classifier and after classification the 30 pct pulp density product, which overflows the lip, is passed into a series of 10 Denver economy flotation cells where a lead-copper concentrate is produced. Three products are made and shipped to the smelter termed jig, table and float concentrates. RESULTS WITH VARIOUS REAGENTS In March of this year work was started on the metallurgical problems of the mill and, as is shown in Table I, the results obtained were not too efficient. [ ] Tests were run with various reagent combinations that were recommended for ores of this nature but there was no appreciable effect on the recoveries. The grades of the flotation concentrates were reduced by the insoluble picked up and retained by these more powerful collectors and frothers. RESULTS WITH "METSO" In past work on ores of this type the use of "Metso" had improved gold and lead recoveries, but no effect on the silver and copper recoveries had been noted. To

Jan 1, 1947

By E. D. Gardner

WHEN the National Forests Were created, all lands embraced in their boundaries were exempted from all forms of entry, except mineral claims. Later, by Act of June 11, 1906, and as amended by Act of Aug. 10, 1912, provision was made allowing homesteads on areas chiefly valuable for agriculture and not necessary for the public use. Patents to mining claim in the Forests are granted the same as on land not in the Forests, irrespective of timber or other values. It is the policy to encourage the highest use of the Forests. As a business proposition, it is a good policy to have mines developed in the Forests. Their development in remote or inaccessible regions causes the country to be opened up and, in addition to the local market which the mines create, means of transportation are afforded to outside markets. No examination of mining claims is made until patent has been applied for, unless they are actively interfering with the administration of the Forest. In this case, an examination is made, and if there is evidence that the claims are being held in good faith they are in no way interfered with. Timber is never sold from a mining claim except with the consent of the claimant, or unless it is clearly shown, after an examination, that the claim is abandoned. In the case of fire-killed timber, which rapidly deteriorates by standing, a contract bond arrangement can be made for the sale of the timber which protects the interests of both the mining claimant and the government. The promiscuous locating of mining claims has in the past caused considerable trouble. It has been, and still is, the custom in some parts of the West to locate a mining claim when the surface rights of any particular area are desired, irrespective of the mineral character of the ground. This has been done to hold power sites, town sites, summer residences, springs, etc. When the, ground is desired for any of these purposes, what is known as a Special Use Permit will be issued at a nominal sum, to legalize the occupancy. In most instances, it is far cheaper to take out one of these permits than to do the annual assessment

Jan 7, 1914

By George Smith

Introduction THAT an oil-land law is the most needed item in the proposed program of mineral-land legislation follows from the fact that Congress has never enacted a law really applicable to petroleum and natural gas. The action of Congress in 1597 in authorizing entry of oil-lands under the placer law, enacted 27 years before for the mining of gold in surface gravels, was plainly only makeshift legislation. Naturally the provisions of this placer law with its requirement of discovery as a prerequisite to location are nothing less than absurd when applied to petroleum deposits hundreds or thousands of feet beneath the surface. Other reasons which render oil-land legislation an urgent necessity arise first from the large acreage of lands believed to be valuable for their deposits of oil and gas and therefore withdrawn by Executive order from all entry pending the enactment of an appropriate law for their disposition-a withdrawal that has been specially ratified by Congress in the case of one State, Utah-and second from the exceptional importance of this resource to the nation, the large industrial worth of petroleum, and indeed its paramount value to the navy, not being suspected 17 years ago when Congress last legislated upon this subject. Mineral land of this type is also well adapted to serve for purposes of illustration in discussing the general principles that demand recognition in legislative reform. Most of the issues involved in the consideration of oil-land legislation are clean-cut, and essential differences of opinion will be seen to be based upon radical divergence in economic theory rather than upon conflicting views concerning unimportant details. For the last five years or more the geologists of the Federal Survey have discussed this subject and prepared memorandums and reports on .the various bills introduced in Congress. Most of the provisions suggested in the present outline have been under consideration at one time or another during that period, and many of the statements which follow can be said to represent the consensus of opinion among those of us who, both in the field and in the office, have given special attention to the public oil-lands.

Jan 6, 1914

By C. L. Rabe

The Muddy and Dakota sands, more commonly known as the "D" and "J" sands, respectively, of the Denver-Julesburg Basin are correlative over a large area. It is reasonable to believe, therefore, that depositional environment throughout the Basin was comparable. Local variations in sand development do occur, however, and productivity is often governed by permeability as well as structural position. Experience indicates permeability is commonly a function of cementing material. While cases of siliceous or calcareous cementing have been observed, the bonding material is, for the most part, clay. Under the latter circumstance, clay should bear some relation to permeability. Similarly, gamma radiation should bear some relation to the amount of clay. This study was undertaken to determine if a cross relation exists between gamma radiation and permeability. RESULTS OF INVESTIGATION A qualitative relation does exist between gamma radiation and permeability for clay-bonded Muddy and Dakota sands of the Denver-Julesburg Basin. This is illustrated graphically by Fig. 1, which shows corrected gamma ray deflection vs permeability for five wells over an area approximately 50 miles long and 8 miles wide. The "corrected" gamma ray deflection cannot be read directly from the gamma ray survey in all cases. It became apparent early in the investigation that methods would have to be developed for converting all gamma ray surveys to a common deflection scale and to correct for thin bed effects. COMMON SCALE DEFLECTION Because all logs are not recorded in the same calibration units or at the same sensitivity, it was felt they could be most readily converted to a common scale by measurement of deflection in inches from zero. Initially, four wells in the Jacinto field of Nebraska were carefully correlated, and selected intervals were planimetered to obtain average deflections. Average deflections of planimetered intervals from three of the wells were plotted vs those of the fourth well which was to be used as a common reference. The plots are shown in Fig. 2. While results obtained by this method in the Jacinto field were relatively good, the planimetered intervals were not easily correlated with logs from other fields. Furthermore, the planimetric method is laborious and not readily adapted to routine operations. Deflection of the "Bentonite marker" was found to

Jan 1, 1958

By Frank G. Norris

Slag control is adjustment of the composition of the slag, especially with respect to the FeO content. The theoretical method of slag control would be to charge a mixture of pig iron and scrap of given composition into the furnace, to melt always at the same carbon, and, after a uniform ore addition, to tap with a constant slag composition. Such conditions are not even approximated. Both scrap and pig iron are of variable, and, in many cases, unknown composition. The charge is oxidized to a variable extent during melting. The result is that the FeO content of the slag, and consequently of the metal at tap, varies over a wide range. In order to make a nearly uniform product, this variation must be compensated for in some way. One way is to adapt the ladle deoxidation to the requirements of the metal. The other is to control the slag. In a general sense slag control may be considered as a method of compensating for variations in the composition of the charge and in oxidation during melting. The method of slag control for low-carbon steel was developed by Dr. Herty at our Butler plant3. Use of this method enables the furnace operator to tap heats at a more nearly constant FeO content and, therefore, to use a more nearly uniform deoxidation practice. The desired FeO and the accompanying deoxidation will depend on the application of the product. This statement implies that 0.10 carbon steel finished with a 15 FeO slag may be essentially different from a 0.10 carbon steel finished with a 30 FeO slag. In making low-carbon steel, the desired carbon places a lower limit on the FeO content of the slag, because the slag must be sufficiently oxidizing for proper carbon elimination. With this degree of oxidation, the phosphorus specification is met without difficulty, and there is little danger of phosphorus reversion. Thus a limiting factor in high-carbon heats is of slight importance in low-carbon heats. For heats of 0.05 to 0.07 per cent carbon, the FeO content of the slag may be controlled at

Jan 1, 1935

By Samuel L. Hoyt

This paper gives a brief description of an investigation made several years ago on the diffusion of zinc into copper. The material for that study was furnished in the form of thin copper strips coated with zinc. The result was required rather quickly and at not too great an expense, and especially information was desired as to the rate at which zinc would diffuse from the zinc coating into the copper and the temperature at which the operation should be carried out. A study of the requirements of this problem indicated that the solution might be secured by means of six determinations. This is the smallest number that will give the information desired and, at the same time, furnish checks on the accuracy of the determinations which justify an abbreviated experimental program. This does not count a preliminary test which was designed to give some idea of the correct temperature to use. The minimum number of temperatures that can be used is two. Knowing the rates of diffusion of zinc into copper at two properly chosen temperatures, it is possible to calculate the rate for any other temperature, and also to check the accuracy of the determination by means of the heat of diffusion, which is calculated from the effect of temperature on the rate of diffusion. The minimum number of determinations at any one temperature is three. The amount of diffusion which occurs at a fixed temperature is definitely related to the time of diffusion, so that by determining the amount of diffusion for three different time intervals, this relationship may be established and possibly a check on the accuracy may be secured. This accounts for the six determinations or experiments, and suggests the logical plan of the work. The check used here is not generally applicable to diffusion phenomena, but it seems to hold closely enough for the limited amount of diffusion in this investigation to justify its use. The samples used were 5 to 6 mils thick and about 1 in. square. They were placed between iron blocks and set in the hot zone of a nichrome furnace which had been brought to the desired temperature Time was taken from the moment the samples reached the furnace

Jan 1, 1929

By Theron Wasson

Michigan has had another record year. Its production has been maintained by the development of fields discovered in 1938. Two minor fields were listed as discoveries in 1939. These are in the southwestern part of the state, where the greatest drilling activity took place. During the year 1465 tests were completed, of which 828 were oil wells, 56 gas wells and 581 dry holes. The four southwestern counties—Allegan, Ottawa, Kent and Van Buren—had 1077 tests drilled, while nine other southwestern counties had 70 tests, making a total of 1147 for this part of the state, 78 per cent of all drilled during the year. Michigan's production of 23,400,000 bbl. during 1939, equal to an average daily production of 64,110 bbl., exceeded 1938 by 4,655,000 bbl., thus establishing another annual record, which brought the cumulative amount for the state to a little over 125,000,000 barrels. A map showing location of Michigan oil and gas fields was published in the TRansactions in 1939 (Vol. 132, p. 353). Active Oil Fields.—The Walker field, near Grand Rapids, Kent County, had a rapid development during the year. Traverse limestone production was discovered here in September 1938, and development has been rapid during 1939. At the end of the year 5500 acres have been proved by drilling. The Traverse limestone is found in Walker field at a depth of about 1810 ft. The Temple field, Clare County, was the most active in Central Michigan. Its production is from the Monroe dolomite at a depth of 3890 ft. In this field 2500 acres have been proved by 125 producing wells. Michigan's largest producer for 1939 was drilled in the Temple field, with a rated potential of 8760 bbl. per day. The Wise field, Wise township, Isabella County, discovered in 1938, had a steady and orderly development because the operators agreed on a staggered 20-acre spacing program. So far 760 acres have been proved for production from the Dundee limestone, found at 3650 feet. Active Gas Fields.—The most active areas in which drilling was done during the past year for gas were the Freeman and Lincoln fields in Clare County, the Clayton field of Arenac County, and the Home field of

Jan 1, 1940

By S. Atak, M. C. Fuerstenau

Clean quartz cannot be floated with a high molecular weight sulfonate as collector at any pH. Good flotation is achieved from pH 6 to 12 when Pb is added at low additions of sulfonate. The active species of lead responsible for flotation is shown to be Pb(OH), which in the presence of sulfonate forms precipitated lead-hydroxy-sulfonate, the apparent collector in these systems. The ratio of collector to metal ion addition is critical for flotation to be effected at a given value of pH. At low Pb++ additions, the constant, k, k = (hydroxyl activity)/(sulfonate addition)', must be equalled or exceeded for flotation to result. Similarly, at high additions of Pb ++, k1 = (hydroxyl activity)/(sulfonate addition) " must be exceeded. Previous work has shown that clean quartz cannot be floated at any pH with a high molecular weight sulfonate as collector.'" Flotation can be effected, however, when a polyvalent metal ion is added to the system in a pH region in which the metal ion is hydrolyzing to its first hydroxide complex. Although the basic phenomenon responsible for activation is apparently metal ion hydrolysis, the amount of collector added in relation to the amount of metal ion is critical. In fact, Schuhmann and Prakash,3 and Gaudin and Rizo-Patron4 have demonstrated that this ratio of collector addition to metal ion addition determines whether any flotation is possible at a particular value of pH. The object of this paper is to explain and quantify the relationship between collector and activator additions as a function of pH. For this work, Pb++ was selected as activator, and a high molecular weight sulfonate was chosen as collector. EXPERIMENTAL MATERIALS AND METHODS Sodium alkyl aryl sulfonate (mol wt 450) was used as collector. Reagent grade n-amyl alcohol was added as frother, and pH adjustments were made with KOH. Lead was added to the systems as the chloride salt. Conductivity water, made by passing distilled water through an ion exchange column, was used in the investigation. Quartz was prepared by leaching the sized sample

Jan 1, 1965

By Harvey S

After considerable experience in connection with the magnetic iron-ores at the South, especially in the Cranberry district of western North Carolina and eastern Tennessee, the writer was led into a thorough investigation of the magnetic separation of iron-ores, and, from this investigation, has gradually been developed a separating machine which it is the purpose of this paper to explain. Numerous United States patents have been issued upon machines for magnetic separation. Since the original patents date back to 1849, it is not possible to-day to establish broad claims upon the principles of electro-magnets as applied in such machines. Among these inventions there are certain types of separators which have very marked practical advantages over the others; and these successful machines, while varying radically from each other in their proportions and arrangements, are all based upon a principle originally explained in a patent which was granted in 1870, and which has now expired by limitation. The problem of practically separating iron-ores, as found in the mines, is very different from the separation of a purely magnetic substance from a purely non-magnetic one, since the crystals of magnetite, scattered through the ore-bearing rock, and sometimes collected in masses, are of very different sizes. The average size of the particles may be definitely ascertained for each mine, and the crushing- and screening-machinery may be adapted thereto, but there will still be a large percentage of very fine crystals which, in the crushing for the average, will not be broken apart from the gangue. If these mixed particles are thrown into the heads they carry gangue with them, and if thrown into the tails they occasion a loss of ironore. There are two methods for preventing such loss. One is, to crush all the material to the size of the finest particles, which means, of course, a large crushing-plant, heavy wear and tear, and excessive cost for repairs, and the production of only a very fine-grained concentrate which our blast-furnace managers, to say the least, do not

Jan 1, 1893

EVERY dry thing that burns easily and multiplies or maintains fire by its own intrinsic nature can be put into an incendiary composition and various effects are produced. Some of these things are mineral combinations, like sulphur or its oil; some others, [163v] hot, dry, and subtle substances, like saltpeter; and some are. unctuous things, like fats and oils of any kind; while some serve because of dryness, like pith and wood. Some of these things are natural and some artificial But now I set aside the search for these differences in their composition. This is what I have found among all the ancient and modern things that I have been able to seek, and first, back in the time of Alexander the Great. Marcus Graecus, who was perhaps the inventor or a great experimenter and practicer of such things, writes of many of them. I have chosen some among these, and one* is this: In order to make it, he took Grecian pitch, alchitran, live sulphur, tartar, sarcocolla, niter, and petroleum oil, one part of each, and, in addition, a double amount of quicklime. He mixed it all with oil of egg yolks. Having put it in a well-covered and closed vessel of glass or glazed earthenware under warm manure, he left it for a month. Then, having liquefied it over a slow fire, always keeping the vessel well closed, he finally put this liquor in hollow sticks, in little pots, or in vessels expressly made, all with a little fuse fitted in the middle. If I should have to do this, I would say that a little gunpowder should be put in, which should give beginning to the fire so that it would ignite more easily. I have also found that another fire is made. For this sulphur is taken, or oil of sulphur if it is possible to obtain, petroleum oil or some rock oil, juniper oil, very well-refined saltpeter, and for one part of each of these five parts of asphalt; in addition, take goose or duck fat, pure black pitch, varnish, pulverized dove's dung, and enough aqua vitae to cover all the aforesaid things.. Then it is put in a glass vessel under warm manure for

Jan 1, 1942

By Joseph Jensen, F. W. Hertel

Many fields have been zoned by nature with shales and intermediate waters between oil zones. Limitations thus imposed have been the basis on which a field was developed. In contrast thereto, in the Ventura Avenue field, nature proved more generous. Always expecting to find such similar limitations, operators drilled deeper and deeper into the oil zone without finding any distinctive shale bodies other than the Gosnell shale and only one intermediate water, which became the point below which the final water shut-off of each well was made. Thus, on top of the structure, about 3300 it. of oil-bearing zone has been penetrated below this intermediate water—a distance of 4000 ft. below the Gosnell shale. At first it seemed that the greater penetration in the zone, the better the well. The error of this assumption became evident as time passed. Other pressing attendant problems requiring consideration also developed. In the spring of 1929, the Associated Oil Co., still having a large undrilled area, adopted a method for developing this land by dividing the oil formation into zones, so as to drill two classes of wells and to prepare for others, if conditions in the future justified or required such action. Wells now completed are considered as permanent completions in the zone or class for which they are drilled, and are not looked on as a ready means for deepening or accepted as a temptation for deepening to get some flush production quickly. Provision has also been made to avoid future water problems. The most striking demonstration resulting from such work is the fact that the top of the structure is far from being the point at which the largest oil recovery is made. Wells on the flank of the structure invariably produce with lower gas-oil ratios and secure much larger oil production. Zoning of Oil Sands The Gosnell shale separates the upper light 50 gravity oil from the lower 30 gravity oil below. As the light oil zone is of practically no importance at present, it is not being exploited. The development pro-

Jan 1, 1931

By Theron Wasson

Michigan has had another record year. Its production has been maintained by the development of fields discovered in 1938. Two minor fields were listed as discoveries in 1939. These are in the southwestern part of the state, where the greatest drilling activity took place. During the year 1465 tests were completed, of which 828 were oil wells, 56 gas wells and 581 dry holes. The four southwestern counties—Allegan, Ottawa, Kent and Van Buren—had 1077 tests drilled, while nine other southwestern counties had 70 tests, making a total of 1147 for this part of the state, 78 per cent of all drilled during the year. Michigan's production of 23,400,000 bbl. during 1939, equal to an average daily production of 64,110 bbl., exceeded 1938 by 4,655,000 bbl., thus establishing another annual record, which brought the cumulative amount for the state to a little over 125,000,000 barrels. A map showing location of Michigan oil and gas fields was published in the TRansactions in 1939 (Vol. 132, p. 353). Active Oil Fields.—The Walker field, near Grand Rapids, Kent County, had a rapid development during the year. Traverse limestone production was discovered here in September 1938, and development has been rapid during 1939. At the end of the year 5500 acres have been proved by drilling. The Traverse limestone is found in Walker field at a depth of about 1810 ft. The Temple field, Clare County, was the most active in Central Michigan. Its production is from the Monroe dolomite at a depth of 3890 ft. In this field 2500 acres have been proved by 125 producing wells. Michigan's largest producer for 1939 was drilled in the Temple field, with a rated potential of 8760 bbl. per day. The Wise field, Wise township, Isabella County, discovered in 1938, had a steady and orderly development because the operators agreed on a staggered 20-acre spacing program. So far 760 acres have been proved for production from the Dundee limestone, found at 3650 feet. Active Gas Fields.—The most active areas in which drilling was done during the past year for gas were the Freeman and Lincoln fields in Clare County, the Clayton field of Arenac County, and the Home field of

Jan 1, 1940

By J. B. Newsom

In the Indiana limestone district, some 50 or 60 per cent of the merchantable stone in a quarry opening is waste, and only about 40 or 50 per cent of the stone from the opening is finally sold. So long as the present system of 'quarrying is used, the wastes measured and reported in this paper will continue. Comprehensive development of an entirely different method of quarrying, using wire saws for cutting, promises great improvement. Some of the savings to be expected are pointed out in the following pages. No attempt has been made to measure losses due to variations and natural flaws in the stone, since these vary greatly in different quarries, and accurate measurement would be difficult. The wastes that have been measured account for about 30 per cent of the total ledge, which leaves 20 or 30 per cent chargeable to unmeasured sources of loss. General Causes of Waste There are four general reasons for quarry waste: (1) the structure of the deposit, such as its shape, bedding planes, solution cavities and strain fractures; (2) efforts to quarry blocks which do not contain distinct color or textural variations; (3) the trade custom which permits purchasers to specify the size of the quarry blocks which they will buy, which is a matter of competition for business on the part of stone producers; (4) quarry methods, which cause the greatest amount of waste. Wide channeler cuts, hook holes, crooked splitting and uneven breaking on quarry floors are included in this category. Waste Due to Structure of Deposits The peculiarities of structure cannot be eliminated, but a chance for saving lies in quarrying to take advantage of them. The commercial deposits of Indiana limestone are lenticular masses from 20 to 70 ft. thick, and nearly horizontal. All of these deposits of good stone are in the Salem limestone, a bed in the sub-Carboniferous. The Salem is traversed by two systems of vertical fractures, a major system running from northeast to southwest and a minor system running from northwest to southeast. Where the stone is covered by an over-

Jan 1, 1932

By Samuel L. Hoyt

This paper gives a brief description of an investigation made several years ago on the diffusion of zinc into copper. The material for that study was furnished in the form of thin copper strips coated with zinc. The result was required rather quickly and at not too great an expense, and especially information was desired as to the rate at which zinc would diffuse from the zinc coating into the copper and the temperature at which the operation should be carried out. A study of the requirements of this problem indicated that the solution might be secured by means of six determinations. This is the smallest number that will give the information desired and, at the same time, furnish checks on the accuracy of the determinations which justify an abbreviated experimental program. This does not count a preliminary test which was designed to give some idea of the correct temperature to use. The minimum number of temperatures that can be used is two. Knowing the rates of diffusion of zinc into copper at two properly chosen temperatures, it is possible to calculate the rate for any other temperature, and also to check the accuracy of the determination by means of the heat of diffusion, which is calculated from the effect of temperature on the rate of diffusion. The minimum number of determinations at any one temperature is three. The amount of diffusion which occurs at a fixed temperature is definitely related to the time of diffusion, so that by determining the amount of diffusion for three different time intervals, this relationship may be established and possibly a check on the accuracy may be secured. This accounts for the six determinations or experiments, and suggests the logical plan of the work. The check used here is not generally applicable to diffusion phenomena, but it seems to hold closely enough for the limited amount of diffusion in this investigation to justify its use. The samples used were 5 to 6 mils thick and about 1 in. square. They were placed between iron blocks and set in the hot zone of a nichrome furnace which had been brought to the desired temperature Time was taken from the moment the samples reached the furnace

Jan 1, 1929

By W. J. Sharwood

The assay or estimation of the total gold content of an ore presents little difficulty, when circumstances permit of securing a thoroughly representative sample. The general practice has been fairly standardized, and such errors as occur in the results obtained are for the most part attributable to the methods of sampling rather than to those of assaying, while duplicate assays made by skilled workers usually agree closely. When it is a question of estimating the "free" or amalgamable gold of an ore, as opposed to the total gold, there is but little uniformity in the methods employed by different workers, and often equally little in the results obtained when duplicate determinations are attempted, no satisfactory standard method having been generally adopted. The methods in use are of two general types—"panning" and "amalgamation." Panning For the estimation of the value of the visible gold by panning or washing, a weighed sample may be taken, ranging from an ounce to several pounds; a kilogram or 2 lb. is a favorite quantity for laboratory tests, while a prospector often uses a full miners' pan, say nearly 20 lb. or 10 kg. In the case of rich quartz, ground to about 30 or 40 mesh, a Mexican horn is convenient, using 1 to 8 02;. of material, and a 6-in. frying pan is favored by many prospectors in dry districts. Bateas, plaques, and dishes of various patterns are used for the same purpose. With these, fairly close results may be obtained by using for ocular comparison standards consisting of weighed amounts of gold of similar character as regards purity, fineness of division, and the general shape of the particles, which standards are preferably obtained from gold of the same locality, or the same deposit, as the ore or gravel being tested. Men working in one particular district sometimes become surprisingly expert in thus judging the value of an ore by the eye, the weights of both ore and gold being guessed. On the other hand, many have been led to overestimate the value of ore and gravel from unfamiliar localities, where the gold has been very finely divided or of unusually high silver content, and a novice may

Jan 1, 1916

By Frank G. Norris

Slag control is adjustment of the composition of the slag, especially with respect to the FeO content. The theoretical method of slag control would be to charge a mixture of pig iron and scrap of given composition into the furnace, to melt always at the same carbon, and, after a uniform ore addition, to tap with a constant slag composition. Such conditions are not even approximated. Both scrap and pig iron are of variable, and, in many cases, unknown composition. The charge is oxidized to a variable extent during melting. The result is that the FeO content of the slag, and consequently of the metal at tap, varies over a wide range. In order to make a nearly uniform product, this variation must be compensated for in some way. One way is to adapt the ladle deoxidation to the requirements of the metal. The other is to control the slag. In a general sense slag control may be considered as a method of compensating for variations in the composition of the charge and in oxidation during melting. The method of slag control for low-carbon steel was developed by Dr. Herty at our Butler plant3. Use of this method enables the furnace operator to tap heats at a more nearly constant FeO content and, therefore, to use a more nearly uniform deoxidation practice. The desired FeO and the accompanying deoxidation will depend on the application of the product. This statement implies that 0.10 carbon steel finished with a 15 FeO slag may be essentially different from a 0.10 carbon steel finished with a 30 FeO slag. In making low-carbon steel, the desired carbon places a lower limit on the FeO content of the slag, because the slag must be sufficiently oxidizing for proper carbon elimination. With this degree of oxidation, the phosphorus specification is met without difficulty, and there is little danger of phosphorus reversion. Thus a limiting factor in high-carbon heats is of slight importance in low-carbon heats. For heats of 0.05 to 0.07 per cent carbon, the FeO content of the slag may be controlled at

Jan 1, 1935

By F. Keller, E. H. Dix

The desirable high strength and hardness of the heat-treated strong aluminum alloys result from two distinct structural changes: (1) the formation of a solid, solution by heating at the required temperature for a sufficient period, and the substantial retention of this solid solution by rapidly quenching; (2) precipitation of particles of constituent and coalescence to a critical size to produce maximum strength and hardness. In alloys of the duralumin type, that is, alloys containing both copper and magnesium silicide precipitation takes place at normal atmospheric temperature, whereas in alloys containing copper without magnesium silicide or magnesium silicide without copper, maximum properties are obtained only after an accelerated aging treatment consisting of heating for 15 to 20 hr. at temperatures of about 150" C. The mechanical properties of these alloys subsequent to quenching but prior to aging are ideal for forming operations. Unfortunately, however, the alloys of the duralumin type age very rapidly during the first 24 hr. and aging is substantially complete after four days. For severe forming, such as the heading of rivets, it is desirable that this be accomplished within ½ hr. or at the most 2 hr. after quenching. Alloys containing magnesium silicide without copper also age at normal temperatures but the aging is less rapid and the material can be satisfactorily worked within several weeks after quenching. Some slight aging of alloys containing copper alone also takes place at room temperature but it is unimportant from the standpoint of workability. Any method of retarding the aging at room temperature of the duralumin type of alloys would be of considerable advantage in that the period during which the material could be worked successfully would be lengthened. For instance, in aircraft plants it is customary to supply the workmen with small lots of rivets that should be used within ½ hr . after heat treatment. Such procedure has the obvious disadvantage of being uneconomical, and furthermore there is always the possibility that the workmen would use the rivets after the time limit had expired, or the supply being depleted might use some that had not been heat-

Jan 1, 1931