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Show Mitch 9. 1956 Page 7 The Western Mineral Survey, Salt Lake City, Utah Reno Firm To Seoreh For Rare Samarskite In Colorado Area The lure of rare earths is opening up an entirely new exploration field in the western states. This week R & P Minerals, a Reno, Nev. firm moves equipment and crew to properties in the 'Front Range near Idaho Springs, Colo., to hunt for samarskite. Announcement of the exploration program was made today by Ronald W. Clark, Tooele, Utah, president of the company. New Wyoming Joins Shipping League U-Fi- rm According to Clark, an exploratory crew will investigate dikes and geography to determine the extent of ore. minSamarskite, a velvet-blaceral containing iron, calcium, uranium, columbium, tantalum and thorium, is a source of the thorium oxide. Minerals Refining Co. is now developing samarskite resources near Texas Creek, Colo. k THE SPOKANE MINING MARKET improved in tone following the Eisenhower announcement. But gains and transactions were not up to expectations. The news had ben expected and had been largely discounted in recent sessions. Hecla, Bunker Hill, Jack Waite, Pend Oreille, Sunshine Consolidated, Dahl Uranium and Dawn Uranium scored good gains. zinc-lea- d -l IIECLA has moved up $1 a share in the past week, propelled by eastern buying orders. Company officials at Wallace played down news reports from Salt Lake City which undoubtedly played a part in the advance. One report said an important discovery of uranium had been made by Hecla in the Hot Rock pro- perty it is exploring for Federal Uranium in Utahs Big Indian district. A Hecla spokesman said only one drill hole has penetrated ore so far. The ore was described as reasonably good and several feet in thickness. Hecla will get half of the profits from any ore it finds. Another report had Hecla joining Homestake, Atlas corporation, Federal Uranium and Lisbon Uranium in construction of a new uranium mill in the district. A Hecla official said the firm has no plans to participate in financing and operation of a uranium mill any place. He said the firm had taken part in discussions with other ore producers in the district regarding (This is neither an offer nor a solicitation. Sales are made only through the offering circular to bonafide residents of the state of Utah) PUBLIC OFFERING - 300,000 SHARES EL RICO URANIUM CORP. (A Utah Corporation) Frank Bullock, President shipping commitments. DAHL URANIUM cut an ore zone in its first deep hole on a recent acquisition in the Spokane Indian Reservation, some 60 miles northwest of Spokane. A company probe indicated ore from 128 feet to 140 feet. An Atomic Energy Commission probe indicated logged six feet of ore before shorting out because of dampness. The find was about 2,000 feet southeast of the portal of a tunnel driven by a subsidiary of New-moMining Company at the Midnite mine. nt Non-Asseisa- Common Stock per Share Par Value Offering Price DAYBREAK Coltharp Investment, Inc. EM 401 Newhouse Building Salt Lake City, Utah one-fourt- TRACY WOOTTON 306 Phillips Petroleum Building PHONES: EM 4-75- 52 or HU 5-22- 48 h 8 75 URANIUM J. ac- interest in two secon prospecting permits tions 2y4 miles southwest of the Midnite. It will be the operating firm. Stripping of a radioactive ridge with a recently acquired D-bulldozer is planned hs soon as weather permits. Yukon Oils, Ltd., and Spokane individuals have remaining interests. Still awaiting better weather conditions are Daybreaks drilling operations on the Lowley lease four miles south of the Midnite and mining operations at the firms opempit auitunite mine in the Mount Spokane district. quired a Offering Circulars may be obtained from yonr Broker or from Members Salt Lake Stock Exchange URANIUM NEWS Bridger Mining Co. a firm recently incorporated in Fremont the districts County, Wyoming, is already in month strike against 16 operators delayed the start production. of this project. Diamond drilling The under President has proven that the ore extends Harold company, Reach and Secretary John at least 200 feet below the main Hicks, is shipping uranium ore adit. Cores ran 20 per cent from 100 claims near Sheep on a ratio. Mountain, Wyo. Amount of ore shipped is not SUNSET MINES has started to date. known drifting on a mineralized shear Members of the board of the zone encountered in 1954 in crossnew include Charles company cutting through ground of Lookand J. C. Rapp Pinedale, Story, out Mountain Mining & Milling E. B. and Shenandoah, Malloy, Company in the Pine Creek area. BUNKER IULL & SULLIVAN Mining and Concentrating Company has asked stockholders to shorte nits name to the Bunker Hill Company. SPOKANE STOCK EXCHANGE transactions in February totaled 312,774 shares, valued at $280,712, vs. 1,037,909 shares for $512,358 a year ago. Bunker Hill, Pend Oreille, Sunshine Consolidated, Sidney and Silver Mountain, volume leads. URANIUM MILL Strong rumors out of the East that Spring-dale-, Washington might be the site. Would be half-wa- y between Mt. Spokane district and Spokane Indian reservation deposits. Sulphuric acid necessary for processing could be obtained from Bunker Hill. Iowa. Zinc Lauders To Meet In April The Galvanizers Committee, which is sponsored by the American Zinc Institute, will hold its 34th meeting on April at the Hotel Statler, St. Louis, Mo. The meeting is announced by Chairman C. K. Lytle, Tennessee Coal & Iron Division, U. S. Steel Corp. E. P. Beachum, Bethlehem Steel Corp., and R. J. Stoker, U. S. Steel Corp., head the program subcommittee for the occasion which will take place concurrently with the annual meeting of the American Zinc Institute. 23-2- 4 New Law Guide Directs Hunters The American Metal Co., Ltd., has transferred its Denver office to 412 Shell Building at 1845 Sherman St., Denver. This office houses the exploraThe uranium prospector doesnt have to guess about the law now. tion and oil division. Former ofA new publication Legal fices were located at 205 Building. the Guide for Uranium Prospecout tor points the impact of the uranium boom on the basic mining laws. Written by J. Thomas Greene, Salt Lake City, the book is published by the Utah Geological and Mineralogical Society. Mr. Greene pushed for the recognition of scientific methods SUPPLIERS OF THE of exploration. He said, Although AUTOMOBILE SERVICE revolutionary change has been INDUSTRY suggested for the mining laws, it is here submitted that the basic 1069 So. framework should be retained PHONE EM with certain changes to meet modern conditions. - Mayo-Schlessm- Brake Parts & SUPPLY CO. State 20 ENSIGN ABSTRACT COMPANY ABSTRACTS ON REAL ESTATE MININ PROPERTY 323 Judge Building Phone EM 4-67- 55 in general continued favorable. The New York Times reported that big, conservative Wall Street investment banking houses are getting interested in uranium as the stakes grow larger with assurance of big ore sources and big assured This demand for the future. means that a lusty young industry is gradually entering an important new phase of its historical the Times said. development, e These same investment houses observed a strictly hands-of-f uranium policy until recently and last year some issued public warnings against speculation in uranium stocks. old-lin- NABOB began preparations for ore sinking on a good zinc-lea-d at Creek Pine its body property in Idahos Coer dAlene mining district. The recently settled five-- UNITED STATES LITHIUM CORP. LITHIUM Contributing to the New Look in the Atomic Power Generation the Fusion Process (H-Bom- b) u L s 312 Walker Bank Bldg. Salt Lake City, Utah EL 5-37- 42 an |