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Show Pare THE WESTERN MINERAL SURVEY 4 Wyoming Firms Push Contracts The race to build added milling facilities in the Gas Hills Crooks Gap district in Wyoming is now centered on appeals for contracts to the AEC in Grand Junction, -- Colo. But the construction of ap proved mills and opening of ore pits by mining companies corn tinues at a high pace in the Wyoming boom area. s Lucky Me Uranium Co., controlled by Utah Corn st ruction Co., is pushing comple iron-etion of its change process mill. The firm also has virtually com. pleted two major pits for open two-third- x 750-ton-a-d- ay cut mining of ore. Ore will be produced and stockpiled by the company pending start of operation at the mill next spring. Meanwhile Lucky Me has asked the AEC for contracts which would permit it to expand its mill by 1,000 tons daily making it one of the largest in the U.S.A. Of this new round of expansion, about 400 tons would be devoted to custom shippers in the area, 300 tons to Lucky Me, which has developed substantial additions to ore reserves in Gas Hills district, and 300 tons to the Phelps Dodge Corp., third largest producer of copper in the United States. has a joint venture deal in the area with Wyoming Uranium Corp. and has developed a minimum of 200,000 tons of high grade uranium ore amendable to open cut development. The new mining affiliate of P-and Wyoming is not involved in the mill contract proposal, howP-- D Friday, August 23, Salt Lake Stock Exchange Theredsy, Augast St, 1997 D ever. Prominent in the development of the Lucky Me Properties have been W. H. H. Cranmer, president of New Park Mining Co., through whose efforts Utah Construction Co. was interested in the venture. Marriner S. Eccles, also of Salt Lake City, banker and financier, is chairman of U-- U-Ve- in gram made clear his change of position. Noting the congressional stalemate, Watkins announced he will recommend to the industry that it immediately apply for relief under the escape clause of the (Continued from page 2) and dips westward, Dr. Christiansen said. It has been uncovered on the surface by an open cut and some ore currently is being mined. The exact attitude and extent of this ore zone is not known, trade agreement act. but considerable indicated ore and Watkins commented that while some proved ore have been dehe was disappointed that no ac- veloped along it, which increases ceptable legislation would be the total calculated and estimated passed by 'Congress this year, he ore reserves of the claim. thought the industry and its He said this and other VCA exsupporters have made a fine ef- ploration and development work fort and built up a good case for during 1956-5- 7 showed ore trends administrations long term min- remedy either by the tariff com- moving southwestward in the diserals program, was heralded by mission route or by legislative trict on to the Bullion properties western congressmen as the long action early next session. to the operator. lease under He added, I look upon this as awaited remedial measure to stab-aliIncome of Bullion declined in lead-zia delay, not a defeat. prices. 1956 from its VCA leases because But in the last few weeks, the Watkins reported that after a of the concentration on exploraindustry has succeeded in winning discussion on the situation with tion and' development, according White Canyon Ships over support for an the White House he had found it to A. M. president. Wacgerili, even higher tariff. San Juan U. Ore sympathetic to relief under the act. also WatHe V. Sen. Arthur trade agreements Tuesday, White Canyon Mining Co. shipkins who along with Rep. William said the chairman of the tariff ped 6,014 tons of ore averaging A. Dawson in the House originally commission had assured him that .23 U308 grade from Nov. 1, 1956, sponsored as part of the adminis- it would expedite relief action if to May 1, 1957, from its properties trations long term minerals pro- it were requested. in White Canyon district, San Juan County, Utah, A. L. Hayes, of This is under no circumstances to be construed as an offer president, Grand Junction Colo., solicithese securities for sale, or as an offer to buy, or as a reported. tation of an offer to buy any of such securities. The offer is Production was entirely from Discovery of an ore body on development headings in the varimade only by means of the prospectus. Section 32, San Mateo Dome ous properties in the district. ConGrants, New Mexico, was dis- tracts NEW ISSUE the period with closed today by Melvin E. Rich- Atomic during Commission limiEnergy of Yucca Mining ards, president ted shipments. In July, the firm 2,500,000 Shares & Petroleum Co. Inc., Colorado commenced sending ore to the in Al- Texas-zin- c Corporation headquarters Minerals Corp., mill COMMON CAPITAL STOCK buquerque. at Mexican Hat. (Par Value 10c per share) The section was drilled with six Development in four channels holes and with six holes in ore. has proved continuous ore bodies As part of the enitial explora- of commercial size and grade. The tion of the San Mateo structure, fihm is Utah presently building addi(A Corporation) The Section 32 was tional cabins, bringing total at first assayed hole drilled was Hide Out Mine and PRICE: 10c PER SHARE White Canyon found to cut an ore bearing struc35." 20 men have to Some camp ture. The average grade ore of been Oil & Gas Holdings in San Juan, Grand, Sevier, ore added in development this cored hole was .4717. More work. Garfield and Millard Counties, Utah Overriding drilling will be necessary, he said, royalty on 2,560 acres oil and gas leases in Utah to delinate the limits of this strike Southern Oil Co. block. and discover the trends. At this time a number of rigs Copies of the OFFERING CIRCULAR describing these URANIUM QUOTES are drilling on approximately 150 securities and the business of the company may be obtained foot centers and are in the profrom either of the underwriters or from your local broker. cess of blocking out an ore body on the Yucca Claims. UNDERWRITERS: Richards revealed the grade of ore has averaged .47 and that the Moran & Co. Securities Inc. mineralization has been found to 10 Commerce Court of Utah be of commercial thickness. 26 West Broadway In Sections 15 and 16, very Newark, New Jersey strong mineralization horizons Phone MArket Salt Lake City, Utah were encountered also. Phone DAvis The San Mateo Dome Project, comprising 15,020 acres of land in ia the lake area, (mm -- America Securities, Inc. is on land leased by Yucca MinWest Broadway ing and Petroleum Co. Inc. to 126 Lisbon Uranium Corp. of Salt Lake City, Utah Lake City and to Ventures B., Gentlemen: E. J. Longyear Co. of Minwith I Please send me a copy of the Offering Circular of neapolis the project engineers. OIL VENTURES, INC. three-month-o- ze nc bi-parti- san Yucca Mining Discovers Oil At San Mateo OIL VENTURES, INC. core-drille- SALES 1000 at .16 Bullion Monarch 1500 at .27 Columbua Rex. 3500 at .17; 4000 at .16ft; 600 at .17; 11000 at .16ft; 2300 at .16; 2000 at .16ft; 6200 at .16; 5000 at .16ft; 2000 at .16; 3000 at .16ft; 6000 at .16 ft; 1000 at .17 Comstock 1000 at .19 East Standard 1000 at .06ft; 1000 at .06ft; 500 at .07 N slidriver 500 at .05 ft North Standard 2000 at .01ft Bristol Silver Lead - Zinc Aid Fight YCA Uncovers Ends In Mixed Defeat Major ld WASHINGTON The congressional battle for action this year to aid the falterindustry ing domestic lead-zin- c ended in mixed defeat Tuesday. Top mining state legislators apparently planned to junk the sliding scale now before the tariff, Senate, on lead-zinc industhe advice of the try leaders who now claim it would harm rather than help" the industry. Earlier this year the proposed sliding scale duty, part of the 1957 d. Prosper 1000 at .04ft Royston 1000 at .03; 1500 at .03 Swansea 1000 at .13 Tintic Standard 1000 at .70; 90 at .67ft; 100 at .70 Zuma 10000 at .04ft CURB BALES Columbus Rexall 4000 at .17; 3000 Cons. Eureka 200 at .60 Royston 25000 at .03 Tar Baby 200 at .lift at DENVER Uranium Stocks The following bids and askeds do not represent actual transactions. They are Intended as a guide to the approximate range within which these securities could have been sold (Indicated by the bid) or bought (Indicated by the asked), at the time of completion, 9:30 a.m. each day. as furnished by members of the National Securities Dealers Assn., Inc. Augnst 21, 1957 Name Acme America Beryl Beaver Mesa Beehive Capitol Cataract Cog. Minerals Columex Crown Denver-Gold- en Douglas Corporation Federal Gas Hills Giant Resources Gila Green River Jackpot Oil Lisbon Lisbon Valley Lucky Mac .. . (Colo.) Mid-Contin- Mountain Mesa Out West Pacific Radorock Resources Rangely Rex Rio De Oro Sabre Plnon Bhlprock Shonl Standard Ula va United Western Minerals Uranium King Utaco Utco Western Nuclear White Canyon Wilson Oil to Gas Co. .. Wyoming Yucca Reports on U. N. Beryllium Olympic Corp., Mid-Ameri- ca 26 56 Grants-Ambros- FOR LEASE Name 540 Street Ci Acres deeded Oil Land in San Juan County, Utah Write: State C. ROBBINS 3269 Liberty Av. - Ogden, Utah CROMER BROKERAGE CO. Suite TWX SU-1- 80 3-- 4 .17 Salt Lake Stock Exchange Building. 39 Exchange Place Salt Lake City, Utah Telephone EL |