OCR Text |
Show re xtte&nsiom iispr 0 1 N KEEP I POSTED O OX I I UHJLXIUM 4 A : Vol. VeuJ 0$ iHcjj 1: 27; No. 13 C. I & (3 aTo7 V ft 7Ae Oil oh4 iltMHg McJ14 Ll. vineul Surrey. Salt Lake City, Utah AEC Buying To Continue Through 1966 New Firm Shows Low Grade Ore In Utah The domestic uranium buying program will be extended past the present March 31, 1962 buying date by the Atomic Energy Commission to Dec. 31, 1966. According to Clinton F. Anderson, chairman of the Joint Committee on Atomic Energy, the AEC is expected to make formal announcement "momentarily. The news of extension to Dec. 31, 1966 gave the exploration programs and development plans of western states mining companies a needed booster shot MAPPING PLANS Jack Turner, UAA president and Col. Ted Enter, Washington representative confer on methods for broadThe AEC announcement is alening the scope of an important uranium industry booster so expected to establish a fixed Uraium Association of America. price, for domestic uranium concentrate, and the initial production bonus which would expire next Feb. 28. As noted by Jack Jarrard, Deseret News financial editor, Salt Lake City, While the program An active campaign to promote MOAB, Utah, May 21, 1956 deals with the purchasing of con- - industrial use of nuclear energy and assure a constant future market See BUYING PROGRAM Pg. 7 for uranium ore has been launched by the Uranium Association of America, spokesmen said here today. Within the next five years, the United States will have at least one hundred industries which could use nuclear energy economically, said UAA. President Jack C. Turner. We believe that stimulating interest in the use of uranium within those industries is one of the important services the UAA. can perform for the uranium producer today. It is no secret, Turner Continued, that uranium ore production already is fulfilling, if not exceeding military and defense needs. When the mlitary stockpile reaches the Defense requiremust look to industry for additional markets. Approximately 9,560 acres of ments producers By stimulating industrial interest and by recommending efpublic land in the Swazys Flat area of Emery County, Utah, fective research and development programs, the association obviously which had been withdrawn from will be creating the new markets to profitable mining and continlocation of mining claims on uous exploration. The UAA. was formed as a organization early in 1955. March 1, 1954, by virtue of an Turner has been laid since the months In said, then, groundwork AEC application filed with the to the of all an active for phases strengthen program growing uraBureau of Land Management, He added that business. nium in furthering association have been released. Announceleaders and governboth industrial been has pledged by objectives ment was made by the Grand ment agencies. Junction Operations Office of the Much of the associations preliminary work has been accomCommission. The release from by Col. Ted E. Enter, managing director of the association. the Commissions withdrawal was plished Col. Enter, a former member of the Executive Office of the Presieffective 5:00 P.M., May 17, 1956. dent of the United States, maintains association headquarters in The released lands are describoffice of the association is in Moab, Utah. D.C. Field Washington, ed as follows: Turner and Col. Enter have emphasized that the association does Salt Lake Meridian not conflict with any other uranium group. The UAA., they said, 10 E. Secs. 24, 25, will T. 22 S., R. closely with all organizations working in the interests of the industry. and 26; Secs. 35 and 3. U. A. A. Launches Drive For U - Members New Public Lands Open For Study non-prof- it te T. 22 S., R 11 E., Sec. 19; Sec. Secs. 29 and 30; Sec. 31, 20, S; T. 23 S., R. 10 E., Secs. 1 and 2; Sec. 11; Sec. 12, N SEy4, N, se. T. 23 Si R. E., Secs. and 7. Texas Tells Oil Locations The Texas Co. this week announced three new oil locations 6 11 two in the rapid growing Aneth from the lands of Release the field in San Juan county, Utah Commissions withdrawal does and a third in Moffat county, not necessarily mean that all of Colo. the described lands are open to Drilling will start immediately location of mining claims because on two locations in the Aneth some may now be owned bjr, the area. Locations are: No. 2 Navajo Indian Tribal State of Utah, others may be embraced within valid existing min- Land G, located 660 south, 660 ing 'claims located prior to the east in Sec. 18, T 40 S, R 24 E. withdrawal. Some of the lands Land C is located 660 north, may be subject to the provisions 660 west in Sec. 23, T 40 S, R 24 Persons E. of other withdrawals. The new Colorado location, sitcontemplating, prospecting and locating mining claims in the uated in the same vicinity as two area are urged to check the rec- production Texas wells, is the ords of the Land Office, Bureau No. P. D. Trevleaven located in of Land Management, in Salt the Center NE, SW, Sec. 32, 5N 90 5 W. It is in the Danf orth Hills Lake City. swy4 swy4 The Indian Creek area of San termined at the Indian Creek 20 core holes headlines this week with an- drilled by Boyle Bros. Drilling nouncement of a uranium ore Co. discovery on the Royal Uranium Drilling is now continuing to Co. property. determine the width of the chanAccording to George Patterson, nel which is located south of presRoyal president, an ore body 5 ent producing properties. and 10 feet deep has been de-- Ore from the channel assays between .25 per cent and .73 per cent uranium oxide, Patterson reports. The contract with Boyles Bros., now managers and operators of the property, is being changed to include a 0 spilt of the net Juan county, Utah came into mine by more than Texas Buys Bronson's Happy Jack profits. Royal sees a possible $8,000 adTexas Oil Co. and New Jersey ditional monthly income with the Zinc Co. exercised a multi-millio- n new haulage program to the Mon-ticell- o mill and the elimination of dollar option on the Happy Jack uranium mine in White Canyon lime penalties. The company paid from Grant and Fletcher Bron- more than $24,000 in lime penalson and Joe Cooper of Monti ties during 1956, Patterson recello. ports. The joint company known as In a stockholders report mailed The Texas Minerals Co. plans this week Royal reports there are to erect an ore processing mill approximately 3,000 feet of drifts at Mexican Hat, Utah to process and headings on the Indian Creek ore from the Happy Jack. claims. Crews are working Amount of the transaction was around the clock, Patterson said. not disclosed. As of Dec. 31, the company had Ore reserves at the Happy Jack are estimated from 300,000 to shipped 6,918 tons of uranium ore more than 500,000 tons of 35 per for a gross receipt of $186,324, the cent average uranium ore. president said. Net earnings for the year, after mining and filing Formal proposal for building costs were $2,867, he added. of the Mexican Hat mill has Royal also has properties in the been made to the AEC. If approved the mill will necessitate build- Temple Mountain area where 20 holes failed to show commering a road along the old Mormon drill cial quantity ore. On the Treasure Trail near the Natural Bridges. Hill group, however, 1.81 per cent are now Company surveyors was encountered on the surveying property obtained from uranium surface. Additional drilling will the Navajo Indian tribe for the on be conducted these claims in mill site. the future, Patterson said. Ten company claims, located in Marys-valUtah and six near Midas, Nev., are awaiting full exploration, he notes. Royal offices are located in 1955 1417 Walker Bank Bldg. Officers include Harvey Durbin, vice presIncreased prices in lead, zinc ident; Max B. Lewis, secretary and copper, plus a major discov- and Willana Patterson, treasurer. shoot on the Members of the board of direcery of a gold-coppPearl fissure of the Mayflower tors include: Sidney Ackerman, mine highlighted a successful Atherton, Calif., Hillyer B. Los New Park Mining Co., Brown, Jr., Altos, Calif., year for Aaron Richards, San Jose, Calif, Salt Lake City. The company also confirmed a and H. J. VanderVeer, Salt Lake three-yea- r contract for milling City. its ore with United States Smelting, Refining & Mining Co. The terms of the contract lease and option 250 acres of prospect land adjoining the Mayflower Mine e Stockholders of the owned by USSR&M. Co. 1955 meet Uranium on Facts and figures will in Salt the activities of the company were Lake City June 5 to consider in the company name reported this week in the annual a change Tri-StaExploration and report to stockholders, signed by to W. H. H. Cranmer, president of Development Co. The officers will also ask for the company. a change in the capital stock General development of mining properties in the Park City from 10,000,000 shares to 3,000,-00- 0 shares. Par value of stock area have been favorable, the would be changed from three report shows. cents 10 cents per share. to The Mayflower shaft moved The meeting, according to ahead 206 feet to a total of 2066 M. Milton Bess, president, will feet. On the 1755 level of the e, New Park Gives Report er area where two Texas wells are producing approximately 100 harper day. In the active Aneth field Texas company has five well sites. One well, the Navajo Tribal No. 1 E is complete. Three wells drilling have not been tested the past week. They are: No. 1 Navajo Tribal XG now at 3667 feet; No. 2 Navajo Tribal G at 551 feet and the No. 1 Navajo Tribal H at 5505 feet. Results of a recent core test on 0 the F site DST No. 3 at three shut open minutes; in 30; opened with weak gas blow which held throughout. Recovered 30 of drilling mud. No show. Pressures: IF 90; FF 90; Pearl fissure a high grade See NEW PARK Pg. 2 SIP 90; Hydrostatic 4900. 6805-690- 50-5- Qiange Due Tri-Stat- te gold- - be held at 270 So. State, Salt Lake City at 2:30 p.m. |