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Show PAGE TWO JUNE The Western Mineral Survey, Salt Lake City, Utah 25. 1954 Mow They're Exploring For Oil With Radio Activity Oil Prospectors Turn To Uranium Finders expensiveness of this new exploration development. Statistics show that prior to the Scintillation Counters, origin- application of this technique, apally used exclusively for the de- proximately eight out of every tection of uranum-bearin- g ores, are now in even greater demand ten wildcat wells proved to be dry holes." A single drilling opfor oil exploration. eration, whether it yields oil or This surprising trend was was not can cost anywhere from 100,- f brought into notice by The 000 to 1300,000. Company of 489 Fifth Avenue New York City, which has On the other hand out of some just completed a classification-by-occupati- twenty wells which have been breakdown of pur- recently drilled on the strength chasers of their atomic and geo- of surveys made with airborne physical prospecting equipment scintillation counters, oil was for 1953. Three out of every five found in all but two cases. Thats purchasers of a scintillation coun- quite a batting average for the ter since May of last year were Radioactivity association techmore interested in its application nique." to the search for oil than for Seismic operations which reuranum prospecting. quire the services of a crew of News of the radioactivity as- highly trained geologists and sociation technique" aji oil ex- geophysicists as well as several ploration method used quietly by truckloads of expensive equipseveral of the major oil com- ment run about $1000 per day. panies for the past few years, All they point out are underleaked out to the smaller oil com- ground structures that may or panies, oil promoters, and inde- may not contain oil. They can pendent operators, who were by no means give any Indication amazed at the simplicity and in that oil is actually present, only Ra-di- ac on . that the earth formation is orable to its presence fav- However, radioactivity survey employing scintillation counters can be made by as few as one or two men; men who are not neces- sarily professional earth scientists. Scintillation counters start as low as $300, which makes the investment in equipment and personnel substantially lower than that required in conventional J. A. HOGLE & CO. Membei Salt Yoik Stock Exchange! Lake-Spokane-N- ew We Specialize In Mining Stocks Loans Made on Listed Mining Securities 132 Main St. 2380 Washington Blvd. SALT LAKE CITY OGDEN 523 West Spiagne Ave., SPOKANE 35 North University. PH0V0 oil exploration. At the present time The Radiac Company reports that the major portion of their total combined output of Geiger and Scintillation Counters are used in prospecting for uranium. More scintillation counters however, are currently in field use for oil exploration than for uranium More, than one billion pounds of nickel were delivered to the free world by International Nickel, worlds largest producer of the metal, in the four-yeperiod, 1950 through 1953. JULIUS MAIERCO. INVESTMENTS Member National Association of Securities Dealers, Inc. 52 BB0ADWAY 15 EXCHANGE PLACE New York 4, N. Y. Jersey City 2, N. J. Green Tel. DElaware BOwling Specialists in Natural Resources Stocks 58 66 URANIUM MART INC. INVESTMENTS ar URANIUM & OIL SECURITIES WE BROKER CLAIMS SAMI - 146 South Main St. Suite. 1 05 Salt Lake City, Utah Phone (Ml - 4-84- 48 LIST WITH US TO SUV OS SELL If you have claims to sell send assay and geological reports if any, information concerning title, location and number of claims, accessibility by roads, price, terms, and other pertinent information. 405 Felt Building Salt Lake City, Utah Ph. Gfe 3-36- 62 (Mjm&bD QtssMDs aj&jinoHDQUsn)) |