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Show Ths Willem Miami Sumy, Sail Lake City. Utah PACK POUB Pennell Corp Offers Stock; Holds Jranus Makes Claims in Former AEC-hel- d Area )re Discovery Salt Lake Stock Exchange WEDNESDAY, OCTOBER 6, Bales By O. D. Quinlan ond area in Utah to be withdrawn Green River, Utah Your by the U.S. Government four years ago. It continued in that correspondent with other visitors rom Salt Lake City, and officials category until last June, prospectors having been forbidden to of Uranus, Inc., made an interestenter the area. The U. S. Govern- ing tour of inspection Sunday of ments exploration established uranium claims of Uranus, near the fact that there are enormous he San Rafael Swell, 17 miles southwest of Green River, where potential reserves of uranium the company is now working and vanadium in the area, officials of Pennell declared. Mine Supt. Henry Gorman, a veteran of 13 years mining exOfficers of Pennell announced the company is now shipping ore perience, conducted the visitors over a vast terrain an imthat, with the bonus, is netting provised road startedalong a week ago. $60 per ton material return. An of the road, Jpon completion estimated 5000 tons of ore has Gorman estimates he will ship been blocked out on one Pennell 200 tons of ore. claim alone, company officials approximately stated. Ore has been shipped or Results of a radio-metri- c analyopenings have been actually sis of samples Uranus made on all of the 13 company claims, by the Bureau of Mines, owned claims, officials said. Ad- showed a high content of ore, ditional work crews started a Jranus officials said. Because of program of wagon drilling this favorable developments officials week. Officials said they expect, of Uranus pointed out mining within the next 30 days ore ship- costs have been kept to a Pennell Uranium Corporation, a new uranium company, actual owner of 13 mining claims of its own, in addition to 27 leased claims, in the Henry Mountain area of Garfield County, Utah, is offering 4,000,000 shares of stock to the public at 3 cents per share, Officers and directors include a group of successful bust ness and professional men of Salt Lake City. . Samuel W. Souval, is president, E. R. Penrose, vice president and J. L. Guiver, secretary-treasure- r. Directors include Brigham E. Roberts, Lee Lovinger, Jr., Sam W. Souval, E. R. Penrose and J. L. Guiver. The company is starting an extensive coring and drilling program on the property, located 24 miles south of Hanksville. A portion of the claims are being operated by the Border Uranium Corporation on a 25 per cent royalty basis. Officials of Border 0 ments should be say they have approximately fairly large. Ofworth of equipment on the ficials estimate they have 10,000 tons of ore in prospect They premises. claim shipments to date have The area in which the Pennell from '.21 to .42 per cent claims are located was the sec- - ranged uranium and from .48 to 2.02 per cent vanadium. from $85,-00- ATTENTION INVESTORS: .As of October 3, 1954 Call,. Smoot & Oo. will be known as Ji Call E Pennell officials disclosed the gale recently of five claims to the M o a b Consolidated Uranium Corporation for $50,000, origin- Co & ally bought by Pennell for Jack Elmo Call will continue to manage the investment firm, specializing in stocks, bonds, TWX-SU-- 59 91 J. Mother Salt A. HOGLE & CO. In Mining Stocks Loans Made on Usled Mining Securities 2380 Waskington Bled. 132 Main SL OGDEN SALT LAKE CITY 35 Norik University. FB0V0 S23 West Spiague Are., SPOKANE In Its- - By Is Infancy BOB HERZOG Frequently It become neceary to reiterate to investor that the Colorado 130,000 Plateau, embradnr square mile in Utah, Colorado, Arizona and New Mexico contains the richest uranium source so far in the United States. Some of the penny uranium offerings of today, are going to be the industrial giants of Utah some 15 yean hence. Early In 1949 at Marysvvale, Utah, about 160 miles south of Salt Lake City, radioactive minerals were observed by a prospector examining some old mines. This Incident provided the United States its tint important source of primary uranium. awakened one Utah, Marys vale, morning in 1949 to discover it was in the midst of a boom. Pitchblende scattered along the hillsides outside of the town were located after deposits of secondary minerals bad provided the incentive for exploration. Dogged determination plus enthusiasm transformed Charles Steen from a youthful prospector to a in a few short years. More millionaires are going to be made in Utah. Some of them will arise aa a result of careful investment of money in uranium mining projects of merit. This is where the facilities of our company, plus experience, can help customers in choosing the most promising uranium securities. Let us not forget, Steen borrowed funds to drill some claims he had staked in Sir Indian Wash in southeastern Utah. The first drill hole he attempted penetrated 14 feet of pitchblende uranium at a spot not previously believed to contain uranium. Some pospectors think his discovery one of the most valuable yet made in the Plateau area. You and your Irienda if you can find time, are privileged to prospectors think his discovery one of will be more Charley Steen discoveries. Ambitious Salt Lake residents now s devote searching for new uranium strikes. Some, undoubtedly are going to be surprisingly successful. Paddy Martinez, an Indian noticed the telltale yellow of uranophane and in a limestone outcrop near Grants, Mew Mexico. He had stumbled upon an extremely important discovery, giving the lieto geological opinion that the area seemed completely unfavorable for important deposits. Juniper plants and salt bush both of which absorb uranium from the soil frequently provide clues to the existence of large scale uranium deposits in the ground, in many sections of the Plateau. The most abundant uranium is uan ally discovered to originate from magmas that solidified into granite or granitelike rocks. Many prospectors engaged in the uranium search believe it is eventually going to result In an unlimited improvement In the standard of living of all mankind In a peaceful world. Tho development of atomic bombs has tremendously Increased the store of now utilised scientific information, to bring us nearer obtaining tremen dous peacetime usage of atomic energy. The Atomic Age is here to stay, So Is the opportunity for the atomic prospector to strike it rich. Investors who have amassed tidy nest eggs from investment In the original offerings of Timco, . Uranium, Inc., Green River, Pioneer, Royal, Jolly Jack, Comstock and Lisbon, furnish evidence of what can be achieved in massing profits, when the prospective investor acquaints himself with the potentialities of a uranium stock offering before risking his money. Our staff are constantly familiarising themselves with new opportunities ss they unfold from day to day and week to week. We are only too glad to place at your disposal tho results of their research as to profit possibilities. multi-millionai- York Stoek Exchanges Lake-Spokane-N- ew We Specialize 2, producing a profit before taxes of $42,187.50. An encouraging aspect of the program is the fact that the Company starts operations with a substantial treasury profit, and is a mining company, o wiling 13 claims outright with ore in sight, Pennell officials pointed out. and securities. New and former friends are invited to continue to do business at the same location, 515 Phillips Petroleum Bldg. Phone $7,-812.1- Uranium Growth OCTOBER 11. 1554 re 1954 Bonanza 1000 at 394 Bristol Silver 1900 at 794 Cardiff 100 st41; 3000 at 41; 100 at Colb Rexall 1000 at 1494 Cons. Eureka 400 at 69 900 at 08; at 09: 100 at 70: 1500 at 09 CTeac. Eg. 0111000 at 7 East Utah 3000 at 1894 Howell 100 at 35 Indian Queen 3000 at 4 : 3000 at 4 Kentucky-Uta- b 3500 at 45; 4000 at 44 at 45. 300 at 44 Oil il3000 at4 37 Mono Ke&rsarge 2000 at 18 Mt. States Dev. 7000 at 794 Kaildriaer 1000 at 33 Nev-Ta- h Oil 4000 at 14 New Park 100 at 140 North Uly 1000 at 43 Rico Argentine 100 at4.1394 : 800 at 4.05 Silver Shield 3000 at 3 Trans-Unio- n Oil 6500 at 5 United Park City 100 at 3.1394 WilUston B. Oil 600 at 33; 3500 at S3; 3000 at 33 500 4494; 3900 Magnolia Ur. & Mammoth 300 at Curb Sales at 37 at 70 East Standard 1000 at 794: 1000 at 794 100 at 45 Kentucky-Uts- h Majestic Oil 1000 at 18 Mt. States 0000 at 794 Nev.Tah 0111000 at 14 New Park 100 at 3.40 Rico Argentine 400 at 400 Swansea Con. 1000 el 494 n Oil 1000 at 5 iWiliston B. Oil 500 at SI; 500 at 31 Clayton Silver Cans. Eureka 100 4000 Trans-Unio- Royston 1000 at 4 THURSDAY, OCTOBER 7, Sales Bonanza 1000 at 4 1954 at 44; 300 at 43 Clayton Silver 000 at 39 Calb. Rexall 1000 at 1394 Cons. Eureka 3000 at 68; 1000 at 00; 100 at 69 . Dragon 300 at 1.10 : 200 at 1.1394: 100 at 1.15 Gold Chain-50- 00 at 194 Indian Queen 5000 at 394 3300 at 45 : 50 at 48; 100 Kentucky-Uta- b at 45 Little May 10000 at 394 Magnolia Ur. A Oil 2000 at 494 Majectic Oil 1000 at 1794 Mono Kears 3000 at 1594 Mt. States 6000 at 794 Nev.-Ta- h Oil 2000 at 14; 1000 at 13 North lily 600 at 44; 100 at 45 Park City Con. 1000 at 21 Silver 8td. 5000 at 394 : 5000 at 394: 4000 at 4; 3000 at 4 Tintic Std. 1200 at 80 Williston 300 at 23; 1000 at 22; 50 at 20: 500 at 22; 100 at 34 Cardiff 3500 Curb Bales 600 at 80 1000 at 18 Maj. Oil & Mg. 1000 at 1794 North Lily 400 at 45 Tintic Std. 800 at 87 Williston 300 at 34 FRIDAY, OCTOBER 8, 1DM Cons. Eureka East Utah Listed Stocks Bir Hill x Bonanza (Ml A Mgn xBristol Silver xBullion 08 44 03 xChlef Cqn xClayton Silver Colorado Cot) xColb. Rexall xComblned Metals Comet Coalition xCommonw'lth Lead xCons. Eureka Crescent Eagle Oil xCroff Oil Crown Point xDragon E. Crawn Point 53 31 0194 Cardiff Central Std Dorado cYVlning Company (A Utah Mining Corporation) Exploring uranium properties at Indian Creek, San Juan County, Utah Notom Bench, Wayne County, Utah PUBLIC OFFERING Capital Common Stock (Non-assessabl- e) 17,500,000 shares OFFERING PRICE Par Value Pel lta, The Company's Offering Circular may be obtained from VAN BLERKOM & COMPANY Underwriters 408 Beason Building Telephone Salt Lake City, Utah 3-27- 37 Sales may be eliected by means oi tke Offering Circular Only Send EL DOBADO MINING COMPANY OFFERING CIRCULAR DOXEY INVESTMENT Name AddresL COMPANY 60 South Mala St. MIN xKentucky-Uta- 1794 03 V4 0494 05 03 . 15 .0194 0394 0894 .06 44 h ' .33 .17 31 16 25 0194 02 OO .0294 03 .15 1494 0294 0194 07 ....... .0794 .03 22 .03 13 .15 2.20 08 44 2.40 .25 .12 .46 02 0294 xOil Securities xOil Securities xPark Bingham xPark City Con Park Konold Park Nelson 35 36 .37 .37 21 03 0394 .22 .0394 .04 .04 .20 02 Park Premier xPlutus Prince Con. x Prosper Oil A Mng xRico Argentine xRoyston Coai'n Con. Oil 07 0594 , . 0294 4.25 .0494 .45 .0394 .0494 .02 .08 0294 . 3.0794 04 .38 Silver King West xSllver Shield xSilver Standard xSionx Mines So. Iron Blossom Sundance Oil Swansea Con Tar Baby Tintic Central xTintic Standard xTrana-Unlo- n Oil xUnited Park City .. Utah Con xUtah Id. Sug. Com. .03 03 JO . 0294 0394 0194 04 .15 .1294 0494 08 .0594 .02 .90 0494 0194 88 . , 05 0594 .23 0194 .0294 2.1294 2.3794 0294 0194 10.75 10.00 . . . Victor Con xWeatc-Alloys xWest Toledo Con x Yankee Zuma 04 0394 0594 0494 xNew Park xNew Quincy North IUy xNo. Standard 0094 .0594 .0394 03 Oil & Mng o. .18 .03 .0394 0794 .0894 .35 04 .01 .45 08 xNaildriver xUtah-Wy- 04 J3 .0394 Lakeside Monarch" xLeonora xiLttle May xMag. Uran. & Oil xMadlson Mines xMajectio Oil A Mng xMammoth Miller Hill Miners Gold xMono Kearsarge Moscow Mt. States Dev xM our tain View Nev-Ta- h .0794 .10 .18 .0394 .07 .06 .07 .00 Gold Chain xGrand Deposit Great Western Horn Silver xHcwell Indian Queen Kennebec OO 03 08 0394 08 Unlisted Stocks 0294 .0294 03 .03 9.35 Sug. Pfd. ... 18.50 xUtah Fire Clay 50.00 xZ. 94. M. I. r Indicates operatini companiea Sales Cardiff 800 at 45: 1800 at 45 Clayton Silver 100 at 29; 000 at Com' wealth Ld. 2000 at 3 Cana. Eureka 600 at 88: 2000 at at 70: 10000 at 72 : 3800 at 71 Crescent Eagle Oil 3000 at 7 10.00 10.50 63.00 xAmalg. . 31 80; 0000 at 1.10 at 33 2100 at 45 : 50 at 47; 300 at 44 h Majestic 011500 at 16 15 : 3000 at 1494 Mono Rears. 1000 at Dragon Howell 300 100 Ky-Uta- at 394 Prosper Oil 13000 494 Royston 8000 at Silver Standard 1000 at 4 Tab Baby 1000 at 494 Tintic Standard 1000 at 86 williston B Oil 500 at 22; 500 at 23; at 2194: 500 at 2194; 500 at 3194 .13 18 0594 03 70 Cardiff .0094 11 3000 at 500 Cnrb Sales 45 Clayton Silver 600 at 33 Grand Deposit 1000 at 294 Park City Con. 1000 at 31 Williston B. Oil 3500 at 21 03 1.10 02 Spokane Stock Exchange 17 23 .06 CDA Mines CDA Sil. Giant Douglas Gold Bond 'told Helm Golden Mess Gold Syn .... JO .0194 .0294 0294 0294 High Aurora High Surprise Hunter Creek week-end- 'QX xEaet Standard E. Tin. Coal'n xEast Utah x Empire Mines Eureka Bullion xEureka Lilly Con Eureka 'Mines xEureka Standard Lucky Frl Ex Mascot Mines Merger Met Pine Cr Mineral King Mohawk Nabob Nancy Lee Bunker Hill Callahan Homestaks New World Pend. Oreille 0094 .104 .294 .0094 .02 National Uranium Nev. Stewart New Era Ottawa Paramount Pilot fill Flainview 15.60 3.30 46.00 46.00 5.00 1.00 IJ .08 .0394 .56 .08 .07 .5194 .11 .08 X3 Jl .12 .4 .06 .03 . 01 .0194 02 03 .0294 M .04 1.75 80 Reeves Macd Sheep Creek .22 Signal M Sil. Bowl Sil. Buckle Sil. Crescent Remarks SiK 94 Dollar A 0 NOTE: Lead 15c. np Sil. Dollar B Markets The following quotations are compiled Silver Ridge from information obtained from various Sil. Synnicato Sunset Mines brokers. Bid Asked Thomas Cons. Stocks IB .17 Vlnhlcator Amerlcao Silver .04 .02 Vulcan Atlas .03 .06 Vulcan Ex Asurlto 25 J5 Wellington Big Creek Apex 0494 White aelf 6394 Bismarck .31 .32 Yak Shoshone Caledonia Sidney' Whitewater .2394 .10 .32 .08 .04 0494 .05 1 .0894 03 45 05 .06 45 .09 .04 0194 Hypotheek Lincoln Lookout Mt Unlistd Stocks . 1.794 0094 0194 ter " .84 JO 09 83 300 .00 .24 J4 .18 .02 .02 J5 .13 0 0294 .10 0294 .05 .1 3.75 JO 0194 .10 04 FOR SALE URANIUM CLAIMS These Properties are located in A FAST GROWING URANIUM ACTIVITY AREA IN THE STATE OF UTAH Several Uranium Companies Encircle these Claims Them Reporting Production Some of Uranium Consulting Services 345 Stale Street Telephone 22-25- 95 M 3.85 .50 .02 .13 .Of |