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Show Septembei 23, 1955 The Westen Mineral Survey, Salt Lake City, Utah i Page Seven SEC Learns Stocks To Watch By Rear of camp at Marble Canyon Uraniums property in Arizona. Thunderbolt Money Status 0. D. Quinlan Canada are mining mining .08 per cent ore and making money as a result of upgrading processes. Stockholders of Intermountain. Uranium Corp., will meet Oct. 3 at Monticello, Utah, to vote upon a proposed merger with International Oil & Metals Corp. Under terms of the proposed merger, 200 shares of Intermoun-tai- n stock would be turned in for one share of International Oil & Metals. The name of the new compnay would be International Oil & Metals. On July 14 Uranium Chief was absorbed by International Oil & Metals in a merger deal. Universal Mining and Milling Corp., is within 30 days of completion of its upgrading mill in Mineral Canyon, according to Carl Fisher, treasurer of the company. Universal now awaits approval by the Atomic Energy Commission of a contract to accept ore upgrading at the new mill. Work on construction of the mill was financial supname halted some weeks ago awaiting With big Ula a survey by AEC inspectors and the picture, port coming into Uranium Corp. appears greatly subsequent signing of a contract underpriced at about 10 cents a to accept ore production. share. The companys drilling program should soon be stepped up Eagle Rock Uranium is a comon a wide scale. pany that should be watched Dr. Edward Clark, geologist closely in the next few months. for Green River Oil & Uranium Corp., is enthusiastic as to the Big Bend Uranium in addition prospects of drilling out a large to its Norma B No. 1 claim on ore body on the company prop- which the Company has over erty in San Miguel county, Colo. $600,000 worth of ore blocked He is former state geologist of out, the company also has $100,-00- 0 Missouri, and more recently gein the treasury in addition to ologist in charge of all the Four three other good properties. All Corners Corp. geology, of Denver. of this adds up to give the shares Green River has begun a drilling a worth of about ,06c to .07c program to extend its ore find a share according to Dean Con-dein the San Miguel county area secretary and treasurer. and to drill out the remainder of the companys ore body. Midcontinent Mines, Inc., acKeith Redd and A1 Frost of cording to officials, contemplates Big Horn Uranium are investi- resumption of operations at Fer-ro- n gating a report that from 4" to 6 after a six months lull. Neof uraninite, estimated at from r, Photograph shows upheaval and slope leading up to South Mesa. $40,000 Program non-cor- e Spokesmen of Marble Canyon are hopeful these two drilling programs will determine the extent of favorable uranium values on the companys claims. The agreement with the Government was signed Aug. 31. Four prominent geologists have reported existence of a favorable uranium formation throughout the companys holdings of mineralized claims. This is confirmed by prospecting work. 365 one new Chevrolet 10 per cent to 13 93 ANNOUNCEMENT IMPERIAL -- Interchange - RIGGING - WINCH - STEEL ERECTING EXPLOSIVES or DAvis 50 1526 SOUTH 6th WEST Salt Lake City, Utah . KISMET (Continued from Page 5) - NEW MEXICO 31 tary core drill, a Schramm news-lette- Through Connections to Other Points Through Trailer Phone HUnter were partially drilled. Total equipment owned by Thunderbolt includes a Joy ro- o - AI1Z0NA - IDAHO - UTAH - C0L0BAD0 MACHINERY MOVER Edward Foehlmann, of St. George, consulting geologist expects to report in a week on promising mineralization that has been encountered. Poehlmann will also evaluate a substantial amount of uranium ore blocked out on the Stanley C claims, the Susan claims and the Desert Queen claims, which CLAIMS HEAVY HAULING WYOMING All of the companys equipment and crew are presently employed drilling these claims. EXPLORATORY ASHWORTH TRANSFER COMPANY NEVADA from the air strip of Rocky Mountain Uranium at a cost of $900.00. compressor, per cent has pickup, two trucks, been discovered in the tunnel one large G.M.C. truck, to carry of the. companys Lost Boy Mine, compressor, one house trailer and Success of Marble Canyons and thus far has been followed various pieces of mining and for a distance of 30 feet. The program is further enhanced by equipment. drilling announcement that Rare Metals Edgehill Brothers, who haveonbeen Boyd Harvey, vice president, is the tunnel work the doing act of America in the of is in Corp. charge of exploratory and Lost Boy, related the story of a and processing plant building mining operations. President Silto Redd and Frost ore buying station at Tuba City, the discovery ver in his report declared the on a recent visit to Monticello dis65 miles Board of Directors have faith Ariz., approximately two officials where Horn the Big Uratance from Marble Canyon that Thunderbolt will have proreside. The story was handed to management. duction in the near future. nium Co. property. A1 Egbert, president of Big Horn. Previously, it was required to A letter to stockholders of ship ore 212 miles to the nearest FOR ore buying depot. It is expected, Buckeye Uranium is to go in the the Tuba City buying station will mail soon. The company has propbe receiving ore within 90 days. erty in Indian Creek near claims DRILLING of Uranium. is It Royal reported is said the company Officials OF in a sound financial position. It Buckeye drilled 20 holes and MINERAL was announced by Marble Can- struck commercial ore in all. Justin for Hurst, spokesman yon spokesmen, that the present Pineco Uranium Corp., said Pine-cCALL situation intention is to proceed r soon. issue a' will with ts original exploration and He said samples of ore from FRONTIER DRILLING & EXPLORATION CO. development program and not en- Pineco properties run through ter into a merger plan tochange 320 Ness Rnilding Phone EL Western Hemispheres new upthe capital structure of the LAKE SALT UTAH CITY. grading mill at Beaver, Utah, were satisfactory. However, the new mill is not as yet in produc- tion. Hurst said big operators in Marble Canyon Drills Marble Canyon Uranium, Inc. started a $40,000 drilling program this week on its 43 uranium claims in Marble Canyon. In addition, a program providing lor 10,080 feet of drilling, and 2,520 feet of core drilling, is to be performed in four stages, under an agreement signed with the DMEA. Announcement of company plans 'is embodied in a letter to stockholders. gotiations are under way for stockpiling and shipping of ore Earlier drilling disclosed a 38 foot vein of orq which it is planned to core. A working agre ment is now in the talking stage to ship high grade ore and stockpile low grade ore pending erec tion of an upgrading mill which is scheduled to be completed in the near future. The company recently reorganized under new Thunderbolt Uranium Corp. has $138,761.44 in the treasury according to a report to the Securities and Exchange Commission, covering the first six months of company operations. The report dated September 10 s signed by John M. Silver, Thunderbolt president. The company owns its own drill rig and compressor, has struck mineralization and is now conducting a drilling program. The report indicates that but $8,000 was spent for wages in the six months period covered by the report. The company has purchased 17 known as the Copper Globe and the Mother groups. A road to these claims has been built Representative cores have been taken which are in the process of being assayed. Glenn Neflson, company driller has been able to obtain 100 per cent cores by drilling the holes dry. His plan has worked out perfectly although working against the law URANIUM AND OIL CORPORATION A NEVADA is pleased to now offer to its' many friends 8,000,000 shares of common stock of averages. Many drillers have attempted to obtain cores with water, but the water washes the core away. In addition to 50 Red Canyon claims, Imperial also hasa 33 Gaineville claims which have not been drilled. However it is known the former owners took ore out of the claims that ran .43 per cent. Work will he started at Gaineville when the Red Canyon drilling is completed, spokesmen for Imperial said. CORPORATION non-assessab- le at .02c per share This announcement is not an offer to sell nor a solicitation to buy these securities Such offering is made solely by means of the offering circular. FOR OFFERING CIRCULAR 1492 Sonth 2nd West WRITE Salt Lake City, Utah ' Telephone IN IN DA |
