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Show October 28. 1953 170 For I Page Tire The Western Mineral Surrey, Silt Like City, Utak Exchange Men Still Rule The Roost In Nation s Mining Offices Blue Skies To Consider Merger Nov. 4 A proposed merger of Blue Blue Skies stockholders would Skies Uranium Inc., with Nation- receive one share of National for al Uranium Corp., will be voted each 170 shares of Blue Skies, acupon at a special meeting of cording to the terms of the merBlue Skies stockholders Friday, ger. Nov. 4 at 2 p jn., in the Newhouse Stock of National for the past Hotel, Salt Lake City. William R. six Denver, president of Blue Skies a lowmonths has ranged between of $2.25 and a high of $4.50 made the announcement today. a share. Recent quotations ot Blue Skies have been three-fourth- s of a cent to one and cents. SAN RAFAEL OFFERING TOLD one-quart- er The Denver letter said that National owns 291 claims totalAn offering of 15,000,000 shares 5800 acres in Utah. of San Rafael Uranium Corp. of ing These include 81 claims in the Maryland, at a penny a share, is ' underwritten being by Valley Henry Mountains; 45 elaimn State Brokerage Co., 2520 South (Chief Mine), 23 miles south of State St., it was announced today by Eugene Eyre, manager of the companys Salt Lake City office. CIRCLE CLIFFS The company, Eyre said, has 42 claims in the San Rafael area; 27 in one group and four in another. He said negotiations are in progress for a drilling program. Eyre said his office has assay reports of outcroppings of .32 per cent ore at several points on the property. - REPORT ORE In a progress letter mailed to- Apparently offices in mining companies represent one of the last strongholds of the male office worker. in the Elkridge area; 36 claims on A report issued by the National Office Management Assn, to the Muddy River, adjoining At- its 16,000 office executive members shows that mining, agriculture, las oCrps Hidden Splendor mine, transportation and public administration are about the only indusand other claims in Hite, Utah tries and businesses in which the male office worker still competes effectively with the weaker sex. and in the Recapture area, Even in some of these, however, the number of office women south of Branding. has already passed the number of office men. r The report, a study prepared by a team of professors The report said there is $150,- - from Drexel Institute, holds out a ray of hope, howPhiladelphias 000 worth of equipment on the ever. Office machines are wooing men back to the office, the authors Chief iMine property and the company expects to ship 15 tons find. The number of office machines is increasing at a prodigious so much so that the number of office machine operators in of ore per day. Shipments are also rate business and industry is doubling every ten years. from the group Kigalia planned About the only thing holding back an even faster growt, NOMA n the Elkridge area. The letter said National also owns 50.5 per finds, is the necessity for education and training of operators. While cent interest in a corporation most young people start office work today AFTER high school inwith concessions in French stead, of quitting halfway through, they have even lower skills for office work than their predecessors. Guiana. Moab; 20 claims (Kigalia Group) two-yea- Sterling Reveals Development Plans On 307 Acres of Uranium Holdings A progress report issued by Sterling Uranium Corp., for six months ended Sept. 30, and signed by J. A. Chambers, president, shows the company has a cash jalance in the bank of $82,415.38 Drilling conducted by the Ban- and 307 acres of uranium land 40 jo Drilling Co. Salt Lake City, miles from the Monument Valley began Oct. 12 and was completed holdings. day to stockholders of Circle Cliffs Uranium Corp., the successful completion of a nine-da- y drilling program is described by President Edward Wolsey, Provo. will be used, he Oct. 21. the outcroppings Five holes with a maximum to reach a chan- depth of 75 feet were drilled on begin drilling op- the Horsehead mine of the Horse-hea- d erations in back of the channel. group definitely disclosing a foot extension of the pres300 Officers of San Rafael Uranium ent ore which the report Corp. are Leo W. Truscott, Help- described body, as five feet to seven er, President, a man with 15 years feet thick and assaying approxmining experience; Albert E. .40 1.05 to per cent. Higdon, Oram, Mo., Vice Presi- imately Drilling on the adjoining Mident; Venza Jensen, Salt Lake City, Secretary, and Robert Gigli-ott-i, das claims, the report stated, conPrice, Treasured. Truscott sisted of 17 holes with a maxiand Jensen share the duties of mum depth of 105 feet, which definitely disclosed an extensive organizing and directing. ore body running from seven to The stock will be cleared out 21 feet thick and assaying apof the company branch office at proximately .40 to 5 per cent 900 South 5th St., Las Vegas, Nev. uranium oxide. Later the stock will be cleared The report stated a major drillfor sale in Oklahoma, Delaware, ing program has been started to continue blocking out this ore Pennsylvania and Utah, Eyre A bulldozer said, to press back, in order nel, and later body. afocribe Today fir The "uriey " REPORT TO SHELL URANIUM INC. STOCK HOLDERS: Special Stockholders meeting of SHELL URANIUM, Inc. was held at the Newhouse Hotel in Salt Lake City, September 26, 1955. An agreement between the Corporation and counsel for SHELL OIL CO. to change the name of the Uranium firm at the expense of and for consideration by te Oil Company was proA in all. The Board of Directors was authorized and directed to select a new name, and take the required legal steps for a complete This has now been accomplished, and the new change-ove- r. The corporation's new URANIUM, Inc. name is CANADA-UT- E field Blind in River Ontario, Canada, where interest in the new promising new and tremendously rich Uranium ore deposits are being discoveed is the key to the new name selected. The new URANIUM, Inc. also have valuable holdings in key and Arizona. Utah areas in It was also voted at this meeting to change the par value to 81.00 per share in lieu of 1 cent which was par for SHELL URANIUM, thereby reducing stockholders' and incorporators' stock outstanding from approximately 14,000,000 to 140,000 shares. Shell Uranium stockholders will receive 1 share of CANADA-UT- E for each 100 shares of Shell. Stockholders are urgently requested to rush- - the transfer in order to receive of stock to their name in CANADA-UT- E No transfer fees to forthcoming important progress letters. stockholders. Transfer agent is Continental Reports Continental Uranium Corp. stock sells at $2 on the American Stock Exchange in New York. ceipts after royalty; June 1955, The company for six months end919,700 tons, $1,862.52 royalty ing Sept. 30, 1955 reported a net 1955, 453,020 profit of $175,393 compared with $22,1770.23; July tons, $1,126.10 royalty, $11,887.71 $91,606 for the four months endreceipts after royalty and August ing Dec. 31, 1954. First properties 1955 487,650 tons $1,003.93 were acquired in Sept. 1954, hence royalty $11,892.99 receipts after the comparison of four months with six months. royalty. In addition, the report stated, he company is planning for 'urther development of the following tracts already Sterling holdings: 240 acres (Naturita) in Monrose county, Colo.; 560 acres in led Canyon Mining District of San Juan county, Utah; 71 acres n the Circle Cliffs. District, Gar-lel- d county, Utah; The Black Hawk tracts on Island Mesa, 3ypsum Valley, San Miguel coun-y- , Colo.; the Doris tracts in Paradox Valley, Montrose county, Colo.; the Tinhorn tracts in Monument Valley; the Beth tracts in the Klondike District, Gypsum Valley, San Miguel county and a 57 acre tract in Monument Val- - A WISE INVESTMENT IS GOOD SERVICE ley. The report stated that Sterling Monument Valley mining operation has continued to produce for the company. The following monthly shipments and royalty payments to the Navajo nation are reported: February 1955, 770,315 tons, royalty $1,816.00 receipts after royalty $19,266.27; March 1955 $826,945 tons, $1,943.16 royalty, $20,696.93 receipts after royalty; April 1955, 748,120 tons, $1,566.85 royalty, $19,997.79 receipts after royalty: May 1955, 849,625 tons, $1,580.03 royalty, $18,199.16 re- - B. & D. TEXACO SERVICE .1353 Indiana Avenue Phone EM 3-09- 03 FAST EFFICIENT SERVICE "DRIVE IN, PLEASE "DRIVE OUT PLEASED" URANIUM HUNTERS DEAL DEER HUNTER'S SPECIAL 1947 JEEP STATION WAGON For Sale - Good Condition Over-Driv- e - Real Low Price High Value CANADA-UT- E MARCEUUS K. SNOW r Salt Lake City, Utah New First Security Bank Bldg. REDWOOD AUTO SALES & SERVICE See Robert M. (Bob) Armstrong Phone 314 REDWOOD ROAD Dependable Used Cars - Parts - Accessories and Tires JUDGE CANADA-UT- E URANIUM, Inc. By Board of Directors. EL Where Your Satisfaction Is Guaranteed 9-40- 66 |