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Show Zuma Uranium-Oi- l Absorbs Bar-Mining Proprieties Uranium and Utah were Zuma X Zuma Oil Corp. Grand County, Thursday started mining opera- properties consolidated in the tions on lead and zinc properties merger with Bar-X- . on 31 claims in Death Canyon, S. A. Walsh, former president of Erickson Mining district, accordnow a director of the new coming to J. L. Tedesco, secretary-treasure- r. pany. At a recent election of officers Feno former presOperations have been dormant ident of BarTedesco, was X elected presilor the past year, Tedesco said, dent the new firm. of while Zuma, and Bar X Mining, Bar X properties included in a Salt Lake firm, have been nethe merger are: A group of 10 gotiating a merger, now com- claims in the White Canyon pleted. a where large shinarump channel The merger combined assets has been discovered, according to and properties of the two comTedesco. Ore from this Secretary panies, ho said, bringing total at .30 channel assayed capitalization of the surviving These claims are located U308. four company to $1,500,000. miles northwest of the Happy Most active property at present is the Death Canyon area, Tedesco Jack Mine in San Juan County. Other Bar X claims are located said. Two mines on this group, loin Red Canyon (15 claims); cated in Tooele county, are past claims in Garfield counproducers. $154,000 in and copper ore has been ty (27 claims); Windy Mac group of 31 claims in Emery County, shipped from the Mary Ann Utah and six patented claims on Tucker mine within the last four Goshute the Indian reservation years he said. Ore has also been in Creek Spring mining district, shipped from the Esther mine. The Death Canyon group plus Juab county. Ore from the Goshute claims, six patented claims in the East Tintic mining district and a five already shipped, counted 200 ounces per cent interest in Zuma No. 1 reports. of silver per ton, Tedesco gas well in Cottonwood structure, The Zuma Uranium and Oil LUCKY FRIDAY will put its Corp. has 2,800,000 shares outnew shaft into standing, he said, and is listed on next This will the Salt Lake Stock Exchange. week. operation current The company has six million boost in the a permit 125 tons ore shares at 25 cents par value. The of output dally. 2300 New officers of the company on has level the been body 1200 Feno Tedesco, president for include feet, compared proven with 1000 feet on the 2000 level, and director; H. D. Shriver, vice and the east face still shows 2 president; J. L. Tedesco; A. J. with-100feet on Kearns, M. S. Rindskopf, S. A. feet, compared the 2000 level, and the east face Walsh and Ed Shay, directors. still shows 2 feet of good Zuma offices are located at 152 East 2nd South, Salt Lake City. ore, -- Feno-Carnoti- te lead-zinc-silv- three-compartme- er nt lead-silver-zi- nc AVOID COSTLY POWER FAILURES WITH EQUIPMENT FROM POLE LINE DISTRIBUTING CO. COMPLETE LINE OF POLE LINE HARDWARE, POLES and CROSS ASMS, ACRS. TRIPLEX. AND ALL FITTINGS Aim Electrical ml Coutnclion Tooli 405 West 13th South Phone HU 5-20- Salt Lake City, Utah or HU 81 5-21- ... Common stock is issued publicly to be bought and sold But not stock should be bought. When looking for a proven investment you buy the "OAK." If you want GROWTH and CAPITAL GAINS potential, you buy the "ACORN." But you should be certain that your acorn isn't a dead one. ALL a company which has already proved its capabilities! We know of one such company which offered a small stock issue about four months ago. This company has evidenced good management by expanding soundly while simultaneously increasing its cash position. The price level of this stock has steadily increased at a moderate rate without ever falling back. The stock was originally offered at 20c per share and is currently priced at 48c per share. This proven record of sponsorship and public acceptance plus the ability to expand while increasing cash position, induces us to recommend this company to you today as the "ACORN" which could well become the "OAK" of tomorrow. For information on this GROWTH company, fill in and mail the coupon below. Cayias, Larson Glaser, Emery, Inc. 302 Newhouse Building Salt Lake City, Utah 9-86- 21 Name Address City Telephone. Juniper Oil Closes Public Offering Oil & development of uranium holdings. Proceeds of the stock sale will closed has underwriters Mining sale of its first public stock offer-n- g e largely used for acquisition of just 25 days after the issue tew properties, both oil and minwas cleared by SEC. ing. DENVER Juniper John E. Blixt is head of JuniThe 300,000 share offering of 10 cent par value stock was priced per. He has been 'active in oil at $1 per share; It represents ap- ind mining for 23 years, 21 of proximately 31 per cent of total hem as geologist with The Texas mtstanding stock, although the Co. StitOL a partner in the firm of Halbert, Jennings & Simic is a member of Junipers board of directors. He was formerly executive vice Denpresident of Bay-Petroleu- ver, and directed its exploration activities in the United States and Canada. Other substantial stockholders in the young firm are Leo Fisher of Sikeston, Missouri and R. B. Fred S. Jensen of Denver, Juni- Potashnick of Cape Giradeau, shares. Missouri. Fisher is president of pers vice president was for nine Fisher Brothers Co. of Sikeston, Junipers' production from 10 rears geologist with the U. S. and is an officer and director of blocks of oil properties in Illinois Geological Survey and The Texas industrial firms in and banking and Indiana through November of Co. area. that last year was more than 63,000 C. Potashnick heads the Mary ConEvansville, Halbert, Ralph barrels. hdiana and William D. Jennings, struction Co. and the Potashnick The company has interest in Denver are both directors. For 10 Construction Co. of Cape Gira-dea61 wells in this area, and has be-pi-n years they have been partners in and is a director of the First waterflood operations, hoping he firm of Halbert & Jennings, National Bank there. to increase ultimate recovery of which has engaged in oil exploraoil from its largest lease block, in tion and production in the area and in the Perry County, Illinois. Mountain region. They The firm credited by engineers Rocky were instrumental in formation with reserves of more than 617,000 and development of Juniper Oil barrels of oil, not counting sec- k Mining, and are major shareondary recovery possibilities. Justheim Petroleum Co. this holders. week announced progress on oil Dolphe E. Simic, Denver, now and Juniper is engaged in uranium mining activities in four difexploration, but took no credit areas. ferent for proven ore bodies in the stock offering. According to C. I. Justheim, president, Salt Lake City, the It has interest iii 41 claims and company has contracted for 30 a 1,440 acre patented land lease core and wagon drill holes on urain the Tallahassee Creek Mining nium claims on Nokai Dome, San District in Fremont County, Colo, The Securities and Exchange Juan county, Utah. These claims and 16,000 acres of state mining Commision temporarily suspend- total 325, Justheim reports. leases in Park and Teller coun- ed the Regulation A exemption The company, he said, has also ties. Evidence of possibly com- 'or for public offerregistration 12,400 acres in oil and mercial deposits of uranium ore of stock of Lucky Lake Ura- optioned ing to Union Oil Company leases gas has been found on portions of nium, Inc., Salt Lake City, this of California in Sublette county, these properties in work done to week. Wyo. The leases are in Townships date. The order offers Lucky Lake an 35-3- 6 North and Range 111 West, Juniper will use income from oil properties for exploration and opportunity to request a hearing he. said. A shallow well is being drilled on the question of whether the suspension should be temporary by Joustheim on properties at Big The company has also turned or permanent. 21,000 acres in Lincoln county, President of Lucky Lake, Stan- Wyo. to Standard Oil & Gas Co., J. Lake, Salt Lake City and and is participating in an option ley HAVE PATENTED MI N I N G Grand Junction, Colo., this week on 12,000 acres of Shell Oil Co. Claims for Sale. Gold, Silver, is in Denver. He could not be on Red Plateau, Emery county, Etc. Located in highly mineralreached for comment. Utah, the president reports. ized areas In Nevada. 1459 So. 15th East, Phone HUnter Salt Lake City, Utah. firm is authorized five million i u, na Justheim Moves On Oil Lands Lucky Lake Gets NEC Suspension Classified HAVE SEVERAL 40 . acre U. S. FROM LITTLE ACORNS GROW! EL Record 25 Days 41 GREAT OAKS . . . Select March 30, 1956 The Western Mineral Survey, Salt Lake City. Utah Page Font Oil and Gas Leases in Idaho. Favorable Geology. Want drilling deal. 1459 South 15th East, Phone HU 44289, Salt Lake City, Utah. |