Homestake Gold Mines, Inc.
Media
Part of The Marsman Magazine
- Title
- Homestake Gold Mines, Inc.
- Language
- English
- Source
- The Marsman Magazine Volume I (No. 9) March 1937
- Year
- 1937
- Rights
-
- Fulltext
- 26 THE MARSMAN MAGAZINE [MARCH, 1937 Mr. Marsman Addresses A. I. M. E. Members of the American Institute Great Britain and Japan, as well as of Mining and Metallurgical Engineers· the United States, have been showing at their annual meeting in Washington on March 6 were told by Mr. Marsman that he believed the gold production of the Philippines would exceed twentyfive million dollars for 1937. Insular production will be valued at forty-five million dollars annually by 1945, Mr. Marsman predicted. Considerable interest was shown by the organization, which is the largest of its kind in the world, in Philippine mining. Mr. Marsman commented on the favorable outlook for chromite ore in the Philippines. He predicted that general industrial activity in the United States would eventually result in large scale scrome production here. Extensive exploration, working toward the develop1*nt of the oil resources of the Philippines, is being conducted,' Mr. Marsman reported, and he aClded that the outlook was encouraging. LET'S GET ACQUAINTED (Continued from page 25) Mr. Crosby was married in 1929 to Miss Flora Colbath, daughter of the superintendent of Benguet Consolidated at that time. Mr. and Mrs. Crosby have one child, Jimmie, and they now make their home in Baguio. They are both interested in outdoor sports, and in their spare time may usually be found on the Baguio Country Club golf course. active interest in expanding mining in the Philippines, he said. l\lr. Marsman arrived in New York, from London early in February. Part of his time in the United States was spent in conference with President Manuel L. Quezon and his party in Washington. Mr. Marsman is a member of the National Economic Council and his arrival in Washington was timed so that he could be of assistance to President Quezon. Mr. Marsman plans to leave the United States late in March for Amsterdam. '.Che Marsman interests are investigating mining possibilities in the Dutch East Indies and Mr. Marsman plans to complete negotiations with the Dutch Government. HOMESTAKE GOLD MINES, INC. Prospecting operations went ahead during the month of February as planned. Intensive work on the northwest section of the property revealed several interesting old workings. The two groups of fie~d prospectors did a great deal of trenching in shallow open .. cutting during the month. Tunnelling operations were carried out in several places.