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Show Rimledge, U & I Plan Joint Work On Moki Claims at Indian Creek Rimledge Uranium & Mining have $600,000 worth of uranium Corp., and U. & I. Uranium Corp., ore blocked out. jointly, have negotiated a lease There is now possibly $200,000 with Moki Uranium Corp., to op- worth of ore visible in the old erate Moki property in Indian workings, according to McCorCreek, comprising an 80 acre mick, who said his company school section plus four other feels it has a good potential for claims adjoining the school sec- future ' operation. tion. He said The property is near Royal Ura- are now Rimledge and U & I purchasing equipment nium Corp. claims. Royal is now and to start drilling imexpect making substantial daily uranium mediately. The claims are 35 ore shipments. miles northwest of Monticello, Announcement of the joint op- near the Dugout Ranch. erating arrangement wps made Rimledge is a closed corporamade by William E. McCormick, tion. It holds a royalty on the president of Rimledge. Radon group and a royalty on the He said Moki officials had sub- Hot claims on which a big Rock mitted figures to indicate they ore discovery was reported recently. Rimledge also has leased to U ft I, 500 claims on Elk Ridge Geologists Elect New Officers with a 15 per cent interest reElection results for new officers tained, McCormick said. of the Rocky Mountain Section of McCormick disclosed that RimAmerican the Association of Pe- ledge sold an interest in the troleum Geologists were an- Daniel Rudduck property to Hidnounced to 2,500 oil finders den Splendor Mine for $250,000. The property adjoins the Radon gathered in Denver Monday. Frank Neighbor, Salt Lake City, property, owned by Federal Urawas named new section president nium and operated by Hecla Minto succeed F. A. (Gus) Thurman. ing Co. McCormick said Rimledge hit Neighbor is with Sun Oil Co. Dave Moore, Casper, Wyo., is ore in the past week on the Hot new vice president and Walter Rock claims, which adjoin the Quigley, Salt Lake City, new Radon group on the south. He said a new company will be secretary - treasurer. Quigley's twin brother, Darwin is one of organized in connection with the five new state representatives. He Moki deal, with U & I participatrepresents Utah. ing with Rimledge, the latter comOther state representatives in- pany controlling. clude Richard Oburn, Denver, for McCormick said Rimledge will Paul Colorado; Richards, Billings, furnish the finances and do the for Montana; Otto E. Brown, Du- operating on the Moki claims and rango, for New Mexico, and John on other property the Company Miller, Casper, for Wyoming. may require. Strikes Top This Weeks News LINDNER & WOOD AUTOCAR & WHITE MOTOR SALES 712 Phone EM 4-84- South 2nd West Salt Lake City 34 THE GREATEST NAME FOR MORE THAN 50 YEARS Yosemite Hits Silenium Body Yosemite Uranium Corp., has uncovered a body of silenium on the companys group of 10 claims near Cisco, Utah, it was announced by Stephen Vranes, 369 Blaine Avenue, Salt Lake City, president of Yosemite. Vranes said the U. S. Bureau of Mines took samples of silenium from the property which assayed .07 per cent. He indicated mining people with a big stake in the locality are talking seriously of a mill in the area. Vranes said uranium taken from the claim assays .34 per cent and vanadium 1.64 per cent. A total of five small shipments of ore have been made since Jan. 1, he said. lie said the company controls an entire mountainside of silenium. Vranes has been operating the property for eight months. He said the Bureau of Mines has placed Yosemite on government mining maps. The company is privately owned. Silenium was reported selling at $30 to $45 a ton, this week. Vranes visualizes one of the greatest silenium mines in the nation. "Good Ore" May Boost Park City As a result of discovery of a ore good grade, in the of Crescent Fissure body NON ASSESSABLE COMMON STOCK nor a solicitation. Sales are mae onl the Offering Circular throng This is neither on offe Offering Price A Share 207 unpatented claims of which three and a fraction are in the Piccolo Pete Group, this group is located IVi miles southwest from the Happy Jack Mine, and about six miles north of the Blue Lizzard Mine. THE COMPANY OWNS CORPORATION WILL ENGAGE IN THE EXPLORATION AND DEVELOPMENT OF URANIUM Offering Circular May Be Obtained from duction. Frank A. Wardlaw, Jr., vice president of the company, today confirmed that United Park City has driven 60 feet into the crew en-rou- te hole c assay after, with at estimated three per cent. It is impossible at this writing to say what the ore average will eventually be. Tar Baby stock on the Salt Lake City stock exchange began to firm on Monday and on Wednesday afternoon had produced cents a share, with bids of 8 a strong market. The company has a small number of shares outstanding and with important news coming out, it could receive a substantial radio-metri- play. drilled extended Predictions in Salt Lake board first five feet of ore room circles were made that the a of bed through with a high uranium content. stock would hit 11 cents by the Another hole was struck shortly end of the week. Judella Sees $10 Million Deal' In Happy Canyon Judella Mining Co., Ltd., a Canadian Corporation, this week purchased 101 claims in the Happy Canyon properties from Harvey Meacham in what might be a $10 million deal" This announcement was made by E. David Novelle, trustee for Judella. Novelle said his company has culminated negotiations with Royce G. Hulsey, attorney for Meacham and associates and Sufactibe Tcjaif Jcr the the deal has been signed. 0 The Canadian concern paid cash for the purchase and will pay 25 per cent royalty on the gross ore produced with a $10 million payout. $11,-00- Novelle further stated that Judella has acquired the services of John Price as geologist and engineer who will direct development of the Happy Canyon claims. At the present time, according to Novelle, We have two drills in Happy Canyon and are drilling the claims as rapidly as possible. The company has a camp set up and, Novelle said, crews sufficient to drill the claims with a 45 day period. According to Geologist Price, his surface examination of the property show tremendous posstrike, it does feel that the proj- sibilities.' He has high hopes for ect is deserving of more than a successful drilling program. passing comment. Original discoverer and locator The general sentiment at Park to of comthe Ilappy Canyon claims, the be that City appears will a deal do great pany better, Mecham and his partner Claire with the possibility a good sized Larsen, spent two years in stakore body may eventually be uning and locating in the practically covered. Inaccessible area. United Park City has been a consistent producer up to now. Judella plans to overcome the The company has a total of 3,800,-00- 0 shares outstanding. There is shortage of a water supply in the a total of 6,000,000 shares of area by hauling in water to main- ore body. Wardlaw said a great amount of development work will be necessary, sinking and drifting on the fissure which could result in increased tonnage from the area. Management indicated the discovery looks promising Inasmuch as the locality is regarded a likely field for new discovery. Although management does not regard the discovery as a major treasury stock not in circulation. tain their camp and drilling 26 WEST BB0ADWAT TWX SU 581 PHONE EM or EL 52 Salt Lahe City Utah PLEASE SEND ME A COPT OF TOUR OFFERING CIRCULAR NAME No Job Too Small or Too Large Salt Lakes Progressive Printers - Specializing In: - ROLL TICKETS CONTINUOUS FORMS TANDEN STATEMENTS COMBINATION ENVELOPES AND STATEMENTS BUSINESS CARDS ALL COMMERCIAL FORMS WEDDING INVITATIONS AND ANNOUNCEMENTS - ALSO SPECIALIZING IN STOCK CERTIFICATES OF ALL KINDS Many Styles To Choose From See Us FIRST for FIRST CLASS WORK MELVIN G. FLEGAL CO. CITY. the old Daley West sector of company property, management of United Park City Mines, is hopeful of picking up other ore bodies that may result in increased pro- ic ALL JOBS GIVEN OUR PERSONAL ATTENTION URANIUM COMPANY ADRRESS er Good grade uranium ore, some of it assaying three per cent radio-metrcount, has been uncovered of Moab Drilling workmen by Co., 20 miles from Blanding. Charles A. Steen owner of the Moab Drilling Co. has a contract to drill for Tar Baby. Earl Davis, Tar Baby president and a group of friends, flew from Salt Lake City Wednesday to the Tar Baby property, where a thorough inspection of the discovery is to be made. The Survey learned that the 6.00.000 SHUES ISSUE Bleak THE Three Per Cent Ore Recovery Assayed On Tar Baby Land Big Visions lead-zinc-silv- MEW Maxell 2. 1956 The Western Mineral Sarny. Salt Lake City. Utah 4 Page - AH Work Jenkins Guaranteed Business Phone 19 PYRAMID EM 3-26- 51 Printing Company : STATE. SI YEABS OF FINE PRINTING op- - |