Word: ores
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Dates: during 1950-1959
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Blind River is past its early frenzy, but now it is pulsating with the deeper excitement of proved riches and the pell-mell drive to get them out of the ground. Geologists have declared that there may be uranium ore reserves of at least 150 million tons in the 900 square miles. Already the shafts are being sunk and mills built for four huge mines. One of them alone, Algom, will be capable of producing more uranium than all of the 600-plus uranium mines...
...Promoter Hirshhorn's Pronto Uranium Mines, from which the government-owned Eldorado Mining and Refining Ltd. contracted to buy $55 million of uranium concentrates. Pronto will start hoisting ore in September, for a while will be the free world's biggest uranium mine, with a daily capacity of 1,500 tons of ore...
...Algom Uranium, another Hirshhorn company, which will top Pronto when it starts producing in 1956 at the rate of 3,000 tons of ore a day from each of its two mines, one at Quirke Lake and the other at Nordic Lake. With ore reserves reckoned by some geologists at 75-100 million tons,* enough for 34 years at the planned rate of production, Algom has contracted to sell five years' output to the government company for $207 million...
...Consolidated Denison, south of Quirke Lake, which has a 6 square-mile claim, and indicated ore reserves comparable to those of Algom's Quirke Lake and Nordic Lake combined. Its contract with the government may well rival Algom...
...comparison, the U.S.'s biggest uranium mine, Anaconda's Jackpile Mine in New Mexico, has ore reserves of only 5,000,000 tons...