| OCR Text |
Show September 9. 195S The Western Mineral Survey. Salt Lake City, Utah Page ElgM DENVER Salt Lake Stock Exchange Spokane Stock Exchange Over The Counter Wednesday, Sept. 7. IMS Tha Information listed below la derived from sources retarded aa reliable, not At the close of market Thursday, MM Friday, Sept. Cad. 1S55 Sep- - Markets Tha following quotations are received from various brokers and believed to be correct. Over-the-coun- ter Richardson Sinclair Service 980 West North Temple, Street Phone .. from the Fairgrounds) (Across August 12, 1955 NEW ISSUE 20,000,000 Shares Beehive Uranium Corporation Utah (A Corporation) COMMON STOCK (Pai Value lc) Price $.01 per Share Copies of the offering circular may be obtained from the undersigned xlndlcatea operatlnr eotnpanlea Bit Balm Hm-1-000 Bonanxa 10000 at Sft at S COLUMBIA Brlatol Bilrer 1000 at 7 6000 at 4ft Central Std. Clapton BUrer 000 at 33 Con. Eureka 1000 at 1.55; No. 1 200 1000 at 9 Croff 0113000 at 35 Dragon 100 at 1.20 East Standard 3000 at 10 Creocent Earle Oil at Equitable Building, 345 South State Street Salt Lake City, Utah 1.00 Indian Queen 1000 at 3ft Mat. Ur. A Oil 600 at Oft Nev.-Ta- h 1500 at 16: 1500 at 16 : 2000 at 17; 3000 at 17; 3000 at 10ft: 3000 at 16; 1000 at 16; 1000 at 17; 300 at 19 North Standard 1000 at 3ft; 3000 at 3ft: 1000 at 3ft; 500 at 4 Park Blntham 500 at Sft Park City Con. 4000 at Park Konold 2000 at 14; at 14 Pro per at Sft 4000 at 9: Boyston 3000 at 3ft Bilrer Standard Tintic Standard 100 at 1.06 Wllliston 5000 1000 100 at 33; 35 1000 13000 at 13ft; at Sft; 500 10000 at 4; 1000 at 4 at 1.10; 300 at 1.05; 800 Curb Bales at 33; 600 at 33 at 9.00 200 at 00 Chief Con. Pfd.lOO at 65 Clayton SUrer 300 at 34 Con. Eureka 600 at 1.65 Indian Queen 10000 at 4 Mar. Ur. ft Oil 1000 at 9 Miners Gold 260 at 2; Nev.-Ta- h 1000 at 10 North Standard 2000 at 4; 12000 at 4; 18000 at 4 Park Konold 3000 at 12; BOO at 13 Prince Con-30at 7 Prosper 6000 at 10; 13000 at 10 Zuma 4000 at 15. Banner 100 Chief Con 00 UTACO FIRST ORE ENROUTE Cromer Brokerage Co. Member Salt Lake Sleek El Salt Lake City. Utah Suite No. 4 - 39 Exchange Place Uranium Digest Upon Bequest SECURITIES Survey Denver Bureau MOAB, Utah Utaco Uranium, Inc. expects to make its first ore shipment from its Coalbed Canyon mine in San Juan County by the end of this week, President George J. Burck said today. The Coalbed ore, with a high vanadium content, will go to the U. S. Vanadium mill at Uravan, Colo. Miners reached the ore body indicated by earlier drilling after drifting 40 feet, Burck said. COMPANY Denver 2, Colorado 407 Main Sheet Grand Junction, Colorado REPORT TO STOCKHOLDERS Universal Uranium and Milling Corporation, A Nevada Corporation And Former Lisbon Volley Uranium Corporation, A Utah Corporation The stockholders of Lisbon Valley Uranium Corp. voted on April 12, 1955, to merge their company into Universal Uranium and Milling Corp., at the rate of 8 shares for one of Universal Uranium and Milling Corp., stock. Universal accepted the merger plans April 22, 1955. We suggest if you hold any Lisbon Valley stock, that you turn it into Universal at 323 Newhouse Building, Salt Lake City, Utah, in order to get your name on our mailing list. Universal has a processing pilot mill under construction on the Green River at the mouth of Mineral Canyon, in Grand County, Utah, for which contract negotiations are under way with the A.E.C. We are stockpiling ore on our Mineral Canyon Claims. The corporation now owns 885 claims or 17,600 acres. The property is free and clear of royalty payments except for a very few claims. The company has recently retained Einar C. Erickson, Economic Geologist and Geochemist, an Assistant Professor of Geology at Brigham Young University. Mr. Erickson has just completed a survey of most of our claims and we are elated with his report. He has located several channels of ore on our Northern Arizona claims. Quoting from Mr. Ericksons report on Mineral Canyon: The five days spent in Mineral Canyon were what makes a geologist glad he is in the business. Your 81 claims there are so mineralized and have so many indications that it is a matter of a little debate as where to start. We delineated 7 excellent channel areas where drilling can be commenced immediately. Claim No. 4 is concluded to be on the same flank of the same channel the LaSalle prop erties struck their rich uraninite and high grade carbonate ore. A lense is opening up in the rear of the tunnel which may be the main body Drilling will show this. Samples from these properties have not been returned as yet, but radioactivity was so prolific that I can assure you that your mill will have excellent ores to process as well as quantity. Channels go every which way, and a number of your tunnels, while being ill located, are with areas that will pay. Ore was observed in the Upper Chinle, the middle and lower. Chinle and in the Shinarump, the entire sequence is mineralized and I expect that large tonnages will be developed with careful and properly directed drilling and analysis of data so obtained. Universal has just purchased 18 claims from Cecil Hansen and Frank Gaisford, near the 4 Corners area at Green River for $36,000.00. This fee was paid in Universal stock at .50 per share instead of cash. The company is contemplating a large drilling program here. A large amount of ore is now being shipped from this locality and Mrs. Erickson says the outlook is very favorable. Our long form registration is now with our attorneys, Mr. A. V. Witham and Alex Keller in Denver. The audit for the long form has been completed by Bimbaum and Birnbaum, New York auditors. We will keep you posted on latest developments and activities. See Uranium Fever, a motion picture filmed in part on our 318 Northern Arizona claims. I CUl FISCBEB Tiumei |
