This stuff was used in the SCHV (small caliber/high velocity) trials of the mid 50's. specifically for the .224 Springfield Infantry rifle. Obviously it eventually lost out to 5.56 that we know today. In 1958 Remington introduced the cartridge commercially as the .222 Remington Magnum. To my knowledge only two or so rifles were chambered for the round.
Note the lack of headstamp on this experimental round.
Note the lack of headstamp on this experimental round.