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Show ks aai N to W f I 4 I I ficance in The Oil and Mining World i Mineral Surrey. Salt Universal Mill In Heo Lake City. Utah Eduction Universal, Twin Arrow Merger Details Told SALT LAKE CITY, May 8 Little Star Uranium one of the fastest growing uranium firms in the west this week pushes ahead on completion of the Universal uranium processing mill in Utah and on development of company properties in Utah, Wyoming and Arizona. Current and future drilling" operations and completion of details on mergers with Universal Uranium and Milling Corp., Salt Lake City and Twin Arrows Uranium, a Deleware corporation were told this week. The Universal Uranium mill (circled on the above map) is strategically located to serve a large segment of the producing uranium com panies in the southern Utah area. The mill is being completed by the Little Star Uranium Co. now expanding its development program in three states, Ferron Mill LSU now holds more than 2000 area. It claims in the three-stat- e is one of the few uranium companies With full registeration with the U. S. Securities and Exchange Commission. Final negotiations for a merger between Universal and LSU were completed this week, according to Elmer K. Aagaard, vice presThe latest process treasurer Carl will be used in a 100-to- n ident and Fischer, daily uranium mill now under confor Universal. Universal enters the merger on struction in Ferron, Utah. The a share for share stock exchange mill is scheduled to open this basis. A stockholders letter is now fall. being prepared with stock transWorking jointly on construcsaid. tion of the mill is Western Hemifer details, Aagaard Kent Johnson, Moab, president sphere, a Utah corporation under of Universal, and Earl Smith of president William N. Davis; Earl Smith Laboratories (assayer) of J. Adkins, Pocatello, Idaho, UniMoab, will remain on the LSU versal Mining Co., Inc., and Uranium. board of directors. Ore to be processed in the opConstruction of the Universal stages of the milling operening now in the is mill ore processing - The ation will come from final stage, Aagaard reports.Uranium Corp. properties in first shipment of uranium conthe surrounding area, according centrate will be shipped from the to Lafe AuHawks, mill to Grand Junction by president. gust 10. Uranium ore processed at the Green The mill, located on the mill will undergo River at the mouth of Mineral W. Davis Nathan the Canyon, Grand county, is 40 miles said. The proven Hawks west of Moab. Latest uranium process, a averages recovery of processing equipment will soon process .97' cent uranium from ores per be installed and the operation will said. he It will be on a no lime penalty basis, already processed, ores process all containing from Universal officials said. .09 per cent up. Aagaard summarized Little There will not be a lime Stars development program on on ores processed at thepenalty mill, Universal properties. Drilling, he Hawkes adds. said, will soon begin on the JupiExclusive rights to franchise and ter claims located west of Green license the Davis proRiver, north of the Four Corners cess are held by Western Hemimining operation. sphere. Veron commenced has Drilling During early stages ore from million claims in the House Rock properties in the Valley; Coconino county, Ariz. Ferron area will be processed. Current drilling will complete a The company holds seven Cottonblocking out program which has wood claims, 15 miles east of already outlined more than 200,-00- 0 Ferron; four Nelson and Morris tons of commercial ore, claims and eight Brown Knolls claims. Aagaard said. The companies are negotiating An open pit mining operation will be started on the Vermillion to obtain stockpiled ores from the White Star Uranium claims in claims by LSU, he added the same vicinity. Universal also holds a five per also cent royalty on all ores produced plans, Hawks to said, explore 10 comon 140 claims in the Dripping Springs area on the San Rafael pany claims in the LaSal mining district this spring. Swell, Aagaard reports. Other officers of The properties, previously sold include Leonard Wilkerson, to several corporations by Univice president, Kaysville and versal, are now being developed Louise Collard, secretary, Salt by Atomic Minerals Corp., Salt Lake City. Western Hemisphere Lake City. Drilling is being conducted by Vitro Minerals, a sub- officers are Edward N. Butters, vice president and genersidiary of Vitro Corporation of Ogden, al- manager, and Ken Todd secreSee LITTLE STAR, Page 3 tary of Bountiful, Utah. New Process To "Up" Ore Values up-gradi- California Firm Options $3 Million Utah Claims Sil. Std. Buys Oil, Silver Standard U-O- re Mining Co. reinterest in severcently acquired oil al and mining properties, acCircle Cliffs Uranium Co., Springville, Utah with uranium to Walter Hansen, presicording properties in Garfield county, Utah today announced the com- dent. pletion of negotiations with Kern County Land Company of San In a letter to stockholders, Hansen said the company has acquirFrancisco, Calif. A mining lease and an agreement was ed a 12 per cent royalty in a producing gas well in Kern counsigned by the Utah corporation ty, Calif., and a 12 per cent inon April 30, and by the California terest in two oil wells in Brooks corporation on May 2. Texas. county, The option agreement is for The also has a 50 per company the purchase of all Circle Cliffs cent interest in the Rabbit Mine Uranium Co. mining claims loin Emery county which has been cated in the Circle Cliffs area of drilled and will be in producGarfield county for not less than tion soon, Hansen said. $3 million payable in cash. Also in the production state In addition to the option to is the claim in Mesa Depression purchase, a mining agreement Hansen Colo., reports. county, was entered into by which Kern The has been company receiving County Land Co undertakes imroyalties from the uranium claim mediate large scale development for several weeks. and mining operations. Silver Standard now has a Other points include the return working agreement and a perof money expended to date by the centage ownership which totals Utah corporation in the explora192 claims In several areas of tion and development of their Utah, Colorado and Wyoming. properties and a return from minThe company will hold the aning. operations, on a .fifty-fiftstockholders meeting on nual basis. 11 in Salt Lake City. June The Utah corporation had susNew directors of the company pended mining operations the now include: Hansen, Ernell Jenpast few months since locating sen, Lewis Kirkman and Russell one of the major ore bodies on Cashin, all of Salt Lake City. the plateau. Both Circle Cliffs Uranium Co. Gila Stockpiles and Kern County Land Co. On Ariz. Claims spokesmen stated today that the latter companys engineers and geGila Uranium Co. is now minologists would be moving on the ing and stockpiling ore on a property within the next ten group of 13 claims in Campbell days and actual operations should County, Wyo., 33 miles south of commence soon after. Gillette, President Dick Brown Co. The Vindicator gold mine in said today. The Circle Cliffs Uranium was formed mainly by Utah coun- Cripple Creek, Colo., will go back An open pit mining operation into production after several cuts cost to $6 per ton, Brown ty men, among which are: said. Ore stockpiled amounts to Ed L. Wolsey, Provo, president years shutdown. more than $4,600, he added. ShipH. mine The has been Springand director; Bjarnson, operation dir and secretary-treasurewater closed to excessive in due ville ping will begin by June 1 to the shafts. the W. SpringFrederickson, rector; Edgemont, N.D. buying station. disamand Mine officials Gila is now negotiating to lease ore report ville, assistant secretary include 63 are claims near Gila, Ariz., mainples running from $24.50 to rector; other directors R. ton A. in gold. .The vein taining a 15 per cent over-rid$52.50 per W. L. Selley, Springville, Snow, Springville, and Owen where the samples were taken is royalty on all ores mined and now at the 210 foot level. sold, Brown said. Jackson, Provo. option-to-purcha- se y -- e Mid-Contine- Mid-Contine- Mid-Contine- Mid-Contine- nt nt nt up-gradin- g up-gradi- ng Mid-Contine- nt Mid-Contine- nt nt Mid-Contine- nt 4 |