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THERE can be little doubt in the mind of anyone of the great interest which has been provoked in the mining and petroleum industry by the com-paratively new geophysical methods of prospecting, after the sessions at this year's meeting of the Institute. Not only were the sessions very well attended but every¬one seemed most attentive. Although the discussion was somewhat limited in general, that may well be at-tributed to the newness of the subject. Two sessions on this subject were planned originally, but these gave insufficient time for the presentation of all the papers prepared and a third session was abso-lutely necessary. The first meeting dealt entirely with the gravity methods and was completed in the scheduled time owing to the fact that but two of the five papers listed were read. The second session was devoted to magnetic and electrical methods, the completion of which had to be carried over into the third period of geophysics. The first session on geophysical prospecting, and in-cidentally the first scheduled Institute meeting devoted entirely to this subject, was most appropriately opened by E. L. DeGolyer, the chairman of the session. It was through the efforts of Mr. DeGolyer that the first gravity work, as applied to prospecting, was under-taken in this country. Again most appropriately, the first paper presented was given by Donald C. Barton, who carried on the first work with the Eötvös torsion balance in America and aided materially in its development. A subject, the theory of which is so difficult to understand as it is generally presented, was so clearly illustrated and ex-plained by the speaker that even a novice could grasp the fundamentals. Dr. Barton, in showing actual re-sults obtained in torsion balance surveys with the in-terpretation of the sane and later drilling records, was free in stating that there are many limitations to the field in which this and the other geophysical instruments may be successfully employed. This paper called for considerable discussion relative to the application of the torsion balance to gravity surveys over various types of structures. During the course of this discus-sion a very important point was emphasized by the chairman, namely, that for successful application of any or all of the scientific methods of prospecting, a back-ground of experience is absolutely necessary to serve as a basis for further work. This can only be secured by contributions from the results of actual prospecting work.

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Executive. CHARLES F. RAND, Chairman. JAMES F. KEMP, JOSEPH W. RICHARDS, ALBERT R. LEDOUX, BENJAMIN B. THAYER. Membership. BENJAMIN B. THAYER, Chairman. WALTER R. INGALLS, JOHN H. JANE WAY, JR., JOHN D. IRVING, HERMAN A. PROSSER. Finance. EDWARD L. YOUNG, Chairman. KARL EILERS, JAMES GAYLEY.

Jan 4, 1913

By Roy C. Kirkman

It is with great pleasure that I read Mr. Howard M. Wells article in the December 1978 issue of MINING ENGINEERING entitled: "Optimization of Mining Engineering Design in Mineral Valuation." Mr. Wells very adequately presents the case and point that there are a great number of variables which must be analyzed during an economic evaluation of an FUND RESOURCE, such as copper or uranium.

Jan 4, 1979