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Show June 24. 1955 The Western Mineral Sumy. June 24. 1955 UCOA Officials See Rosy Future (Continued from page 1) a has very fine staff to assist him. We are equipped with very pro ficlent people to do our research and development work, an essential part of the uranium business. Discussing the economics of upgrading Wyoming ore, Mr. White pointed out if a company had it 32,000,000 tons and of then cost $10 at a per ton, sold at $16 per ton, a profit of $6 a ton would accrue on 6,400,000 tons (five tons of low grade equals one tone of high grade.) He emphasized that ownership of 5,000 claims, represents a lot of land, and, it is reasonable to assume that, having found 51 mineralized claims thus far, UCOA will find many more. In addition, he said, UCOA plans to stake some additional claims, the location of which will be disclosed In a few weeks. He said the ore ranging from 1 to 2 per cent has been discovered on that property and UCOA will stake 400 to 500 claims there. Mr. White pointed out that Riverton, Wyoming, Is but 20 miles from UCOAs holdings, reducing the delivery problem to a minimum. Stocks to Watch AEC Finance Copper Corporation also a director of the corporation. Division Gets Oil companies, have built roads all through the area, and have been cooperative in offering the use of their roads while UCOA was staking claims and transporting equipment to the claims, even offering water free to the UCOA staff and assisting them in every conceivable manner. Donald A. Liddell A man of world renown in the field of metallurgy. He is a former officer of the Association of Metallurgists of the United States. He has written many books on Survey Denver Bureau the subject, one of which was The of Walter B. published in 1910 and is a special- Carlson,appointment a key member formerly ist an vanadium. on the staff of the AEC ControlA. H. Holman Owner of the ler in Washington, D.C., as direclargest Florsheim Shoe Store tor of the finance division of the Grand Junction Operations office in the United States. of the U. S. Atomic Energy ComPeter Joralemon, Jr. A doctor mission was anonunced today. of Philosophy in Geology and a Carlson succeeds D. F. Pelan, director of New Park Mines. who resigned recently to enter business. The finance diH. B. Leggett For many years private vision is responsible for all cost associated with various mines in and financial aspects of the comnorthern and southern parts of missions program administered the country, in Europe and in the Grand Junction OperaSouth America, as well as in by tions office, including accounting, Cuba. A member of the War budgeting, and auditing. Production Board during the war, Carlson has been engaged in in charge of allotments of government fiscal and financial metals. He visited Europe activities for the past 17 years, where he brought the lead und including four years on the Conzinc mining industry back into trollers staff in Washington beoperation successfully, and was fore coming to Grand Junction. an asociate of the Hoover inter- Prior to that, he was chief of ests and Combined Metals Com- the General Accounting Branch, pany. Hanford Operations Office, at Washington, and CivilLeonard G. Thomas Retired Richland, Fiscal and Control Officer, ian recently from the Hoover Com- Umatilla Ordnance Depot, Ordbined Metals Mining Operation, nance Department, U. S. Army, Guatemala, and has been in the Ordnance, Oregon. mining industry for a lifetime. Although a native of MassachuV. S. Vickers A graduate Carlson has spent most of of Utah State College, B. S. de- setts, his active career in the West. gree in business and qualified He attended Massachusetts InstiCertified Public Accountant who tute of Technology and Southestablished a record of achieve- western University, the latter in ment with Ernest and Ernst, ac- Washington, D. C. He is a memand now UCOAs ber of various accounting anc countants, treasurer and chief accountant. auditing associations. President White declared that UCOA now has 4500 claims staked in the Little Sand Draw area of Wyoming, and is assaying ore from drilling operations on these claims as fast as possible, with a daily record of 41 to 41 owner of the Baltimore Colts, national football league team ant an outstanding business man who is well known throughout the United States. He steered the Wisconsin Central Railroad to the point of a dividend paying rail- up-grad- ed Another factor he mentioned, is the fact that there are from $250,000 to $500,000 worth of good roads on UCOAs property. Hetsaid Stanolind and Sinclair assays completed. us Former Abraham Watner road. He said approximately five to six assays are completed on each drill hole. On 51 claims, he said, ore assayed by chemical analysis has shown from .04 to .09 ore, which he said he believes can be to make It commercial grade. We have successfully done upgrading of this ore several times in the laboratory of the University of Utah, and UCOA metallurgists are performing work designed to put together a a pilot mill handling per hour, Mr. White declared. up-grade- New Director non-ferro- d A man who has B. L. Wood been with General Motors for many years and present holder of the dealer franchise for motor car agency in Kaysville. Cadil-lac-Ponti- ac The meeting adopted a unanimous motion ratifying and approving in all respects the actions taken by the former directors in their conduct of the affairs of the company. up-gradin- g 1-t- He said the ore is very easy to mine in Wyoming due to the fact that it is shallow and requires no shafts or tunnels, methods sufficing. He open-pi- t said Wyoming ore runs in reefs or ledges and UCOA is fortunate in having as a member of its Peter Joralemon, staff, Jr., who is a specialist in his knowledge of this particular aspect of ore. After the meeting had unanimously approved a resolution The meeting adopted a resolution that the directors shall choose a President, a Secretary and a Treasurer for the company and such other officers and agents as they deem necessary in the management and conduct of the company's Vice-Presiden-t, AEC Page Says Dakota (Continued from page 1) est dividend is contemplated. The Company is shipping seven tons a day of silver and lead ore which nets in excess of $100 per ton. Thus far in June it is $40,000 worth of ore has been shipped. West Toledo receives 15 per cent royalty, Wasatch Mines receives 15 per cent royalty and the balance goes to Olympic Uranium Company, less expenses. The income is estimated at $36,000 a year and West Toledo stock is selling on the Salt Lake Stock Exchange at 18 cents a share. Perhaps, at a later date, when the price is double the lagging public will begin buying at the higher levels. A property geologist, according to Barhaugh, has stated that these claims might include one of the most lucrative uranium deposits in Wyoming in that the ore is not only rich but is extremely close to the surface and easy to mine. Company officers include: R. Rug Barhaugh of Casper, M. H. OConnell of Casper, Jack Rouse of Denver and E. D. Sandbak of Casper. es-imat- Texas Uranium Co., has pene- one-ha- Alpine-Triump- h CHAIN Intennonntain Areas Larges! Stock Track Parti ALL SIZES OF COMMON AND 14 Ft. 20 Ft. and 25 FI. with Grab Hooks LOAD BINDERS AND HOISTS HAFER'S, Inc. 1563 South 2nd West Sal! Lake City Only Custom Shop in Intermountain Area Offering Complete Iral Bit and Steel Sales and Service - Mining & Contracting Needs Midvale, Utah 285 North Main Street Phone Midvale 609 INTERMOUNTAIN STAMP CLYDE AND KARL 242 EAST 2ND SOUTH year $3.00 NOW! 2 years $5.00 Circulation Departments 722 Kittredge Building Denver, Colorado BRONZE MEMORIALS RUBBER STAMPS STEEL STAMPS t? . . . Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the? uranium industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. I coarouR sms 84-43- 11 Interested In Uranium Activities? SUBSCRIBE WORKS Phone Subscribe Wcu! Who UTAH BIT & STEEL SERVICE COMPANY HI-TE- TWO CHAIN AND BINDER CHAIN that the officers of the company shall be managed by a Board of Directors consisting of not less than five nor more than 15, a group of 11 new directors were chosen. They are: R. M. Atwater, a graduate of Gharlottenburg University in Germany; a man of renown in mining circles all over the world, in Europe, South Africa, Australia, British Columbia and the United States and elsewhere. Louis Buchman, former vice president and western manager of operations of the Kennecott Texas Penetrates Mineral Zone Reports are very encouraging trated its drills to a distance of from property in Wyoming in 80 feet in a mineralized zone on which Walters Uranium has an company property on Green interest and which is being drill- River. ed by Homestake Mining A favorable factor for Texas is that Universal Uranium has erected a mill three and Tar Baby Mining Company is miles distance from the opderiving a nice revenue from the eration and now awaits estabnine producing wells it acquired lishment of an Atomic Energy recently in the Blackwell Field, Commission buying station to be in Kern County, Calif. opened in the immediate locality. Alpine and Triumph Uranium The mill project has received companies, operating jointly, are reportedly well in the black AEC approval. The buying stawith an estimated substantial tion is expected to be approved daily profit. It is understood two momentarily. It will be possible to ship ore carloads of copper concentrates valued at over $400 per carload profitably ranging from .10 per were shipped in the past week cent up, due to the proximity of from the mill at the mill. Fruitland, Wash. Advertise In The . . . Interest in Alpines 90 uranium claims in the Escalante WESTERN Desert was stimulated recently when drilling started on some MINERAL SURVEY nearby claims, from 'which favorable reports have been Reach an Interested market! After careful investigation of the North and South Dakota lignite beds the Atomic lished readily at Grand Junction, Colo., the report Highland Claims (Continued from page 1) Lignite Tough But . . . Energy Commission sees some possibility that uranium may be extracted from them. The AEC statement was read to a nouse Interior Subcommittee It Wednesday. now information said that available indicates that these deposits offer promise of becoming an important source of uranium. Current studies being conducted are attempting to And a satisfactory process for recovering uranium from such matter as the lignite. Pilot plant facilities for such a process can be estab- five 421 Church Street Salt Lake City, Utah NAME ADDRESS CITY PANSIER, Owners PHONE 04 STATE Remittance Bill me later lf |