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Show May 18. 1956 The Western Mineral Survey, Salt Lake City. Utah Page 4 Radorock Stock Enroute Horsethief And Western Expansion Continues Awaits DMEA Aid Stock in Radorock Resources, Inc. is now being distributed to shareholders of Federal Uranium Corp., according to W. D. Nebe-ke-r, Jr., president of Federal. Distribution is being made as of April 25 to shareholders of record on April 20. However, actual mailing of certificates was delayed more than two weeks because of extensive Horsethief Canyon Uranium, Inc. is awaiting approval of a DMEA loan to work properties near Green River, according to Chester M. F. Peters, president. Salt Lake City. Future plans of the company at present hinge on the loan proval in respect to extensive drilling plans, he said. , The Boyles Brothers Drilling Co. has completed 4100 feet of drilling on the properties. We have very good formations, but the total drilling has not yet Peters said been accomplished, this week. The company is also examining a further development program, copper properties in California for Peters said. Horsethief Canyon has now qualified for sale in New York, New Jersey and Idaho, Peters reports. The company is now seeking approval for stock sales in California and Washington. Officers of the company, with offices at 930 East 3rd South, Salt Lake City, include: Peters, president; James Knowlden, vice president; Jessie Peters, secretary; D. Eugene Moench, treasurer and John Rolby, director, all of Salt Lake City. paper work in issuing new certificates and establishing stock records of the new company, Mr. Nebeker said. It will take approximately three weeks to complete mailing of all certificates, according to the transfer agent, Walker Bank & Trust Co. of Salt Lake City. Radorock Resources Inc., stock is being issued to shareholders of Federal on a basis of one-hal- f share of Radorock for each share owned in Federal on April 20. Half of the outstanding Radorock stock is being issued in this manner and half is being retained by Federal. Radorock holdings include the Radon mine and claims and the Hot Rock group of claims in the Big Indian district, San Juan county, Utah. The Radon mine is one of the richest uranium properties on the Colorado Plateau. Production at the Radon for the four week period ending April 21 totalled 4,266 tons of high grade ore. During the month of March a total of 3500 tons of ore was shipped from this property. Production is now at the rate of more thaji 180 tons of ore per day and is increasing. The property is being mined for Radorock by Hecla Mining Co. from a POWER MAY AID PRODUCTION Plants such as the Blue Diamond Corp. gypsum mill at Blue Diamond, Nev. will dot the western -- Scheelite-Ne- w Gunnip, Longview, Wash. More Producing - Yelo Queen Buy Atlas Adds 4 Yellow Queen Uranium Co., Denver, has signed an option agreement with George B. Friden to acquire mining prospects and leases on scheelite and uranium property. Friden, recently appointed vice shaft. president of Yellow Queen, has properties with scheelite indica tions near Whitehall, Mont., and Miners Win Awards front range property in Golden Five western minerals workers Gate Canyon, north of Crawfords were awarded medals for heroism Gulch. The Crawfords Gulch land, acin the nations mineral industries this week, according to T. H. cording to Thomas J. Danahey, Jr. president, has several exposures Miller, acting director of the Bu- of uranium and structures that reau of Mines. favor pitchblende deposition. Awards are given by the JoYellow Queen spent $40,000 in seph A. Holmes Safety Associa- exploration of Utah properties, tion in Washington, D. C. Danahey reports. Winners from western states are: A. G. Whitman, Glendive, Mont.; Ramon Villa Chavez, Alpine, Texas; Earl Bartschi, Georgetown, Idaho; James P. Rust, Salome, Ariz., and Frank 700-fo- horizon with the aid of Water and power from the Upper Colorado River project which services the western states. (See editorial Pg.) U-Cla- To Holdings ot Subscribe Tcdai) the $urfieif MOAB, Utah, May 16 today. Burgess said Atlas has obtained option on 80 acres of fee land on the Ambrosia Lake structure of McKinley County, NJd. An independent geologists report shows over 200 tons of ore has been shipped from an open-pi- t mine in the Dakota formation on the property, and states that approximately 1,000 tons of low grade ore has been blocked out in the Dakota. Burgess pointed out that the West water section, chief producing horizon of the Ambrosia Lake area, has not yet been drilled. Atlas will drill the West water this summer, Burgess said. Acquisition of the Ambrosia Lake tract marks Atlas first venture into New Mexico. The company has base metal properties and a mill under construction in Gunnison County, Colo., ad other uranium properties in southeastern Utah. a FEWER RESTRICTIONS, MORE PRODUCTION Although fewer new companies are entering the uranium field these days, more of the existing companies are consistently producing and shipping the valuable ore. More Pumping ' i 4vV'- . - n ri rricy n' If' V ' ' . " 5- I v, f. j - n - s. f . - - v . rs CH OIL ON INCREASE Important oil discoveries and extensive oil exploration being conducted in the four states area promise a myriad of pumping wells in the next decade. IN DEFENSE OF THE TRUTH Ask for your free copy of: Uranium Market Research Issue No. 15 Issue No. 15 includes a special report on the lastest developments in the Uranium Picture Plus SPECIAL RECOMMENDATIONS. Anyone interested in Uranium Should not miss this issue. We will be happy to help you MAIL THIS COUPON solve power problems. There is no charge. Atlas Uranium Corp. has added four promising uranium claims in Ambrosia Lake to its holdings, President J. C. Burgess disclosed here j r" ' ims Tor Tour Free Copy UHANIUM MARKET RESEARCH P. 0. Box 45 Salt Lake City, Utah Please send me without charge a copy of your Uranium Market Research Issue No. 15 and put me on your permanent mailing list. Name Address City State 90 six-mont- h |