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Show Page 3 THE WESTERN MINERAL SURVEY September 7, 1956 NATIONAL OIL Big Indian Plans Work In Lisbon Valley Area I PRODUCTION HITS NEW HIGH British Western Purchases Greater Minerals Corp. geologist, the company plans an extensive development program for the Grizzly Mine and a stepped-up milling operation to a maximum of 150 tons per day which, officials say, should more than double the present net income. Robert Stubbelfield will be the general manager. Officers of British Western America Uranium Corp. announced the complete purchase of the Greater Minerals Corp. which owns a 150-to- n per day ball mill at Georgetown in Clear Creek County, Colo., and has been profitably operating the Grizzly Mine near Silver Plume for some time. At the annual meeting of the shareholders of Big Indian Corp. unanimous approval was given to the negotiations carried Continuing a trend towards on by the officers of the company with Intermountain larger and more efficient oil proLtd., for the development of the company's property, cessing plants, the nations pewhich is in the Lisbon Valley area of southeastern Utah. troleum industry increased Its daily refining capacity to a new which Uranium Indian is local in a Big Corp. company, peak of 8,632,390 barrels at the 1953 took over the holdings of the Mesa Copper Co. in the Moab beginning of this year, the DeanGeorge Barnes of Denver and region. The company will remain organized, and will continue partment of the Interior nounced today. to carry on business, as it holds other properties besides the Hnry II. Kyle of Dallas, officers one which is to be placed in a new The Departments Bureau of of British Western America, said Mines reported that while the (the purchase of 100 per cent of corporation. Corporation Athe present time an extensive number of operating refineries Greater Minerals Intermountain Petre Mining program of surface and subsurof stock involved a consideration from 326 to 318 during net Ltd. is a Canadian company, with face geological studies, together dropped cash in and $400,000 payable 1955, enlargement of remaining headquarters at Calgery, Alberta. with deep diamond drilling is be- plants brought an increase of smelter returns. It holds varied interests in both ing carried out, to increase the nearly 212,000 barrels in daily Audits produced by Greater mining and oil industries which known reserves of copper. Ex- capacity. Since a barrel contains Minerals Corp. reflect a net opare operated under the super- ploration is also being carried 42 of this gallons petroleum, erating profit of approximately vision of a consulting firm. These out in connection with the possi- means domestic now can $9,000 per month. Concentrates plants holdings are scattered over the bility of locating commercial ura- process more than 362 million gal- from the Georgetown mill are Western States and Canada. nium ore with depth. lons of crude oil a day. trucked to the American Smelting For the development of the The annual meeting, which was The average United States re- and Refining Co. smelter at Leadville. Lisbon valley property held by chaired by retiring president, finery boosted its capacity by Intermountain Indian, Carl Harirs, was attended by well more than 1,300 barrels a day, Big Under the direction of George will receive an undis- over one hundred shareholders, according to J. G. of C. Heikes, n Kirby, mining closed interest in the property. and was marked by very spirited Washington, D. C., commodity .This consists of some 26 claims participation from the floor. Reindustry analyst who prepared 10 of which are patented. The ports were given by Mr. Harirs, the Bureaus report. Facilities Lisbon fault cuts directly through Mr. Hafen, retiring for handling an additional 267,- the property. and Mr. W. Howard Myers, who 000 barrels daily were under con was the negotiating ' officer for struction early this year, he said. A considerable amount of comIntermountain Ltd. mercial copper ore, estimated at Included in these additional mil- units are two new present prices to be worth about Almost two and refineries in has already been lion shares of the three and one-ha- the East Coast district, one in $2,000,000 blocked out by shallow diamond million outstanding Were Delaware with an expected crude-oi-l drilling. present. output of 51,000 barrels daily and one in Virginia planned to process 34,000 barrels a Petro-Minin- g, Engineering reserve reports on the Grizzly Mine show 58,930 tons of blocked out ore and 17,000 tons of probable ore yielding approximately $32.00 per ton gross in lead, silver and gold. An additional 34,000 tons if possible ore, averaging $28.23 per ton gross, is estimated. Total net ore reserve value is estimated at $1,264,442.00. The mine and mill have been completely renovated within the past twelve months at a cost exceeding $170,-000.0- Greater Minerals Corp. will continue to operate as a wholly owned subsidiary of British Western America Uranium Corp. Petro-Minin- g well-know- vice-preside- nt J Petro-Minin- g lf WITH THE HELP OF AMANDA, YOU CAN NOW day. Three refining districts instal- led 90 percent of last years new capacity, the report says. The California , district --a counted for 34 percent; the Texas Gulf Coast district, 31 percent; and the district, percent. Declines in capacity were reported for the East Coast, Answer 25 Your Telephone even though youre away Appalachian No. 1, and Arkansas-Louisian- a Inland districts.. Summarizing refinery and gaso-- I plant capacities by States, by districts, and by years from 1914 to 1956, the Bureaus report also lists changes in crude oil capacity by districts from Janline-crackin- g uary 1, 1, 1956. Colb-Rexa- ll 1955, through January ... (Continued from page 1) 10th Callender zone for an initial daily production of 2976 barrels of oil and 1,000,000 cu ft. of gas per day. This Dominquez well is located immediately northwest of ColumJ bus Rexall ground in Section 28 of the Domlnques field. Drilling will commence shortly, after the completion of the Shell test, de-pending on the results of the off- set venture. DEPICTED I AMANDA 9 Lost telephone calls can mean lost business. But there's no need to lose a single call with this new telephone equipment. When connected to your telephone, Amanda will answer an incoming call with a message previously recorded in. your own voice. Then it records the caller's message. ... Amanda is easy to operate the answer to many a secretarial problem. The installation charge is modest, and the rental fee (exclusive of taxes) is only $12,50 this is the year COME TO THE FAIR one-ha- lf a month . . For Complete Information and Demonstration Call or Visit Your Telephone Business Office Columbus Rexall Consolidated Mines Co. was organized in Holiday on Ice of 1957 Beauty Contest Kid's Day Sept. 17 starring Duncan Renaldo (The Cisco Kid) Horse Racing Motor Cycle Races Horse Show I 1906, and, in its history, has been one of the major producers in the famed Alta mining district of Utah. In 1917 it was listed With the Salt Lake Stock Exchange and has been actively trading since that time. In the early part of 1956 management control was ac- quired by a group of men interested in trying to develop a large-scal- e oil production company. The corporation was made free of debt, recapitalized, and made in order that the planned acquisition of oil properties could be made. A long range program for acquisition of production and drilling of leases now owned by the company has been formulated. IN HISTORICAL EXHIBITS! e Livestock Write for Free Premium Book I 0. I I non-assessab- le AND INDUSTRIAL EXPOSITION SEPT. 1 4tli-23- rd Fair Grounds$alt lake City |