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Show KEEP POSTED ON URANIUM "3 flew r ' t Significance in the Oil auf Wing Vol 26; No. 34 Wl4"fS Salt Lake City. Utah. September 9, 1955 Ute Ro Field In The newest oil and gas field discovery in the western states was announced this week by the Ute Royalty. Corp. First gas was tested in two zones of the mor-riso- n formation in the Westwater area of Grand County, Utah. Earl M. Henderson, president of Ute, was in Salt Lake City this week. The company is a former Utah corporation, publicly owned, which now has offices in Denver. At present the well is being drilled 1085 feet and the operator is preparing to bottom the test. The open flow estimate of gas was reported in excess of five million cubic feet per day early in the week. Over all open ft uth Utah Oil flow of gas from both zones is esimated at seven million cubic feet daily. The new eras field discovery lies two miles west of Pacific Northwest Pipeline Company's new gas line from the San Joan Basin. Mr. Henderson reported that Ute Royalty holds leases on approximately 5000 acres in the immediate area. The company will proceed with "orderly field wells" following development successful completion of the cur- Beaver Mesa Uranium, Inc., is shipping .35 to .40 per cent ore from two seperate mines and sinking a shaft on a third, on company properties south of Gateway, Colo., it was announced today by spokesmen of Beaver Mesa. Ore is stockpiled at Gateway and is then shipped to the receiving depot at Jtvifle, Colo. The company represents a merger a month ago of resources of Cherokee Utah Uranium Corp., and Ventures, Inc., with Beaver Mesa. of ore was received at the sampl- ing plant. Simpson said equipment has been ordered and work will soon begin on sinking a 350 foot shaft on the Rajah 28 group of claims. He said right-of-wa- y has been obtained from the Cherokee shaft to the LaSal 4 ore body and the adit will be driven as rapidly as pos slble. Simpson, a mining engineer of Grand Junction, Colo., originally supervised sinking of the Cherokee Utah shaft. Big Horn Rises First shipment from the CheroBig Horn sold at 22 cents Thurskee ore body took place in Augwith a range of 21 cents bid day ust. The Pack Rat mine of Ven24 cents asked. It traded and tures, has shipped ore from the around 19 cents the previous day. time it was incorporated in Jan- - 10c Pel Copy ufshns Lghsg Plateani Area Big Reef Counts One of the biggest deals ever negotiated in the Colorado Plateau, was closed today, with leasing by three Salt Lake City men of the mineral rights on 22,000 acres of patented lands from the Cattle Co. The Salt Lake City group, consisting of Grant Macfarlane, atorney, James R. Downing, president of Radiore Uranium Corp., and A. G. Reid, president of Ura nium Services, Inc., said they Radiore and Uranium Services entered into a lease with the S have entered into negotiations for and S Cattle Co., giving them the drilling part of the property next right to mine any and all of the to Royal and Moki properties. ranch property containing minSpokesmen for the trio said erals. some drill holes have been sunk The properties are situated in recently with indications of exthe Indian Creek area, and ad- cellent ore. As soon as the drilljoin producing properties of Roy- ing program is completed offial and Moki Uranium companies, cials of the two companies plan and Vitro. to begin mining, they declared. Royal is reported to be shipJ. A. Scorup, president of S. ping 50 tons of ore per day. A and S. Cattle Co. is also president spokesman for the purchasers of the First National Bank of said they are finding ore which Moab, which has a branch at shows from two to three feet Monticello. He has been identithickness, and is running as high fied with the cattle business and as .65 per cent of U308. with ownership of property in the S and S Cattle- - Company owns Plateau area for many years. approximately 30,000 acres of fee lands in the Indian area as well as in the Upper New Find Paradox Valley, facing the LaSal Col-U-M- ex Mountains, north of La Sal, Utah. Mineral rights upon approxi mately 20,000 of these acres are owned by the S and S Cattle Co. New Mexico Bureau Spokesmen of the lessees said A possible good strike at its the transaction is probably the Black Dragon claims in Emery largest deal to date in which pri- county, Utah, has been reported involved in the by vate property-iUranium Co. of Plateau. Uranium minded groups Albuquerque, N. M. from California, Texas and BosCompany president, Thomas ton, Mass., are reported to have Harrington said 1200 feet of looked the property over in rechannel has been checked cent weeks. and found to have a high uraniIt was said by the lessees that um count, .27 per cent average. Harrington said further work is being done on the claims before any forecasts of a rich disScorup-Sommervil- Shipment No. 3 For $538.44 $538.44. Officials say shipments are o now made twice a week at and last week's shipment was the third to go out. Total shipments to date, brought a revenue of $1784.00 a spokesman for Big Reef said. In addition, .the Big Reef will receive a bonus on each of the shipments. The ore varies from .25 to .40 per cent, an official said. At a director's meeting in San Francisco recently, an extensive exploration program was decided upon. Substantial' funds are reported to have been made available through a group of controlling stockholders. Ore is coming in from a school section, which incidentally, nets the state of Utah some money. Big Reef has recently purchased a new loader which will be in operation shortly, a spokesman said. uary, 1955. Shipments of 1000 tons of ore per month are predicted by a "As Beaver Mesa spokesman, soon as we get both operations in full swine." Mon-ticell- le Creek-Cottonwoo- d Tells Of Utah Find s Col-U-M- ex Shin-arum- p covery are made. Indian Lands Open Soon for Lease E, H. Cameron, Salt Lake City, former Cherokee-Utaofficial, and a director of Beaver Mesa, is handling the financial affairs of New Mexico Bureau Land belonging to four New Mexico Indian Pueblos will soon be leased for uranium prospecting, the Bureau of Indian Affairs has announced in Albuquerque. The land is located at Nambe, Jemez, Tesuque and Pojoaque Pueblos, all in the northern part of New Mexico. BIA officials said that prospecting permits will be offered with options to lease. The pueblo land has been under study by the Atomic Energy Commission, which is expected to make a report shortly. BIA spokesmen said the agency would advertise for bids for prospecting rights after the report is released. h the new company. D. C. Anderson, of Salt Lake City, also a former Cherokee-Utaexecutive, is functioning in a similar capacity for Beaver Mesa in Salt h Lake City. Officials of Beaver Mesa said the third ore body on which the company is now sinking a shaft is south of the Cherokee Utah ore body, on Beaver Mesa south of Gateway. Spokesmen for the company indicated the job is drifting into a fourth $3.00-- 22,000 Acres In Indian Creek rent test. Reef Uranium Co. shipped Other productive holdings in 21 Big short tons of ore last week the area include those of Great from the company's properties 12 Western Drilling Co. and the Car- miles south of Green River, ter Oil Co. which, according to a spokesman for the company, netted a total of Beaver Mesa Ships Colo. Ore From 2 Mines, Drills Third Qpfftyeai mine from the present shaft. Industry Grows As Six N.M. Firms File Merger of the three companies, according to Beaver Mesa spokesmen provides more competent management in finding ore with substantial funds available for exploratory work. In a letter to Beaver Mesa stockholders, Robert E. Simpson, president and general, manager, stated total production in July was 058.55 tons which brought the company $47,318.88 after royalty payments. For the first nine days of August, the report said 566 wet tons MESA STOCKPILES AND SHIPS And is now in the process of sinking a shaft on BEAVER third property south of the Cherokee Utah producing ore body south of Gateway, Colo. The company also announced plans for devel-the- ir oping a fourth mine. New Mexico Bureau Six companies, engaged in mining, oil or related industries filed for incorporation in New Mexico during the last week, according to the State Corporation Com mission. The companies are Mirage Min ing and Milling Co.; Southeast Uranium Exploration Corp., Ta-w- a Mining Co., Texas Uranium Exploration Co., Frac Oil, Inc., and Verna Drilling Co. |