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Show May 27. 195S Page Three Tie Western Mineral Somy. May 27. 1953 Atlas Invades deal Uranium Sold T Mountain Mesa In Australia multi-mhuon-doii- ar U-Indu- stry Mountain Mesa Uranium Corp. completed negotiations this week to buy all the outstandtransacing common stock in Cal Uranium Corp. Announcement of the of officials of the biggest deals in the history of the both companies completed one tion, by uranium industry. young H. O. English, Casper, Wyoming and Maurice Yates, Salt Lake City, confirmed the agreement in a statement agreed to by M. K. Ruddock, Cal Uranium Corp. executive. Cal uranium corp. is privately Mountain Mesa shareholders 400 claims in the Gas Hills, held by members of the A. B. Ruddock family of Los Angeles will meet in Casper, Wyoming, Green Mountain area of Wyomn and Denver and has a May 31, to effect a ing and on the Colorado Plateau. of shares Five "reverse split." operating property in the Mountain Mesa is now shipping Big Indian district, San Juan stock will be turned in for one ore from its Blarco claims to new share, giving Mountain county, Utah. at the station Riverton, buying to English and Mesa an outstanding capitalizaAccording: and entered into have Wyoming, one shares. of million Yates, purchase of the Cal Ura- tion contract a San with Juan mining nium mine was privately fiThe Ruddock family will con- Uranium of Denver, preparatory nanced. However, they said pub- tinue to participate in uranium to shipping ore from the Last lic financing by Mountain Mesa activities on the Colorado Pla- Chance claims Rim Group in the future was a probability. teau. Ruddock said there are claims in the and Gas mils area. The sale of Cal Uranium to two family partnerships which The also has shipped company Mountain Mesa is part of a will engage in both uranium and three loads of ore from the Hazel syndicate arranged by Yates and oil developments in the region. group of claims in the Green between Mountain Mountain area where English. Merger mining Also involved in the syndi- Mesa and Midland Uranium also is done San Juan being by cate are a number of prominent Corp. has been completed. AcUranium. Utahns and New Yorkers, as well cording to English and Yates, as a number of Hollywood stars. there are no other mergers Contracts have been let for Mountain Mesa holds continuing pending despite rumors in brok- core drilling on the Mountain option on Almar Mineral Corp., erage circles. Mesa claims on the Colorado also held b the Ruddock family, Prior to Mountain Mesa acand on some 700 claims in the quiring the stock in Cal Ura- Plateau. Drilling will start with nium, they owned approximately in the next two weeks. Big Indian district multi-million-dol- lar one-for-fi- ve well-know- Pineco Expects Good Ore" Pennell Completes Claims Deal Kiabab To Work In Big Indian -- Pennell Uranium Corporation announced today the completion of negotiations with United Western Mineral Co.. Inc. cov ering the lease by Pennell to United Western of 12 uranium claims in the Henry Mountains, In a preliminary drilling of 11 Garfield county, Utah. holes on that property, officials United Western plans to com' said they discovered ore in seven holes running from a low of .38 mence a 5,000 foot drilling pro to a high of .70 per cent. gram on these claims within the The Resources Engineering next week under the terms of the lease. Company of Grand Junction, Colo., in drilling the property Pennell retains control of adja some weeks ago disclosed a cent claims from which they vein of ore at a depth of have been mining uranium ore from 42 to 48 feet, Kiabab officials announced. Drilling receipts for the past several weeks. Gen for the work are in possession of eral Patrick Hurley is chairman Kiabab officials, it was disclosed. of the board of United Western Officials of Kiabab Uranium announced they are starting work on their 320 acres of uranium property in the Big Indian district which they purchased March 1. Atlas Will Drill Claims For Utaco MOAB, Utah Utaco First American ura- nium company to enter the Australian uranium industry is DENVER Uranium, nc, headed by State Rep. George J. Burck of Moab, joined the list of active uranium companies with start of an extensive drill ing program on its 132 claims in Grand and San Juan counties. Contract for the initial drilling has been awarded Atlas Uranium Corp., Burck said. D. E. Kivett of Salt Lake City, Utaco vice president, said the Evening Star claims on Indian Creek would be the first to be drilled. The Evening Star ad joins property on the Maki Uran ium Co., which has been shipping ore since last winter. Floyd B. Odium's Atlas Corporation, according to Uranium Mag azine. The Atlas Corporation is in Northern Territory in two remote areas known as South Al ligator River and Sleisbeck mining .districts. Entering partnership in the venture with Northern Australian Uranium Corp., N. L., on a 50-5- 0 basis for an investment of $1,265,625, the Atlas Corporation deal is subject to field examination of the mining properties and approval by stockholders of NA.U.C. T. G. Murray of Sidney, president of Northern Austrlian, and Mr. Odium made a joint announcement of the agreement. It provides that the American company will supply technical help to N.A.U.C., in developing its uranium search in the Sleisbeck and South Alligator River areas of Northern Territory, with operating headquarters at Darwin where Toby Becker is managing director of the properties. As soon as assessment work is completed on the Indian Creek property, the drilling crew will move to Utaco's 24 claims in the Lisbon Valley, and then to Carp enter Ridge. Kivett said Utaco claims on Carpenter Ridge adjoin property of Consolidated Uranium Corp., which reportedly defined an ore body worth at RIO ARRIBA PLANS least $500,000 before drilling was halted at the beginning of win FIRST SHIPMENTS ter. The newly formed Rio Arriba Uranium Co. announced it expects to ship its first loads "very soon." Advertise In The . . . WESTERN MINERAL SURVEY Reach an Interested market Production will be from a very high grade ore body where average assays have been 1.50 per cent and better. The overall average of uranium is 1.66 per cent and the vanadium average being 0.56 per cent. six-fo- ot UC-- 3 Photo shows a mine car and workmen at the entrance to Pineco Uranium properties near Indian Creek, Beaver County. Utah. Pineco has cut a vein oi ore assaying .12 per cent and has ran a drift 205 feet with expectation of encountering a than 200 feet more to go. A FOR east-we- H m sV'SdsBsnSfflBa SSTB&wnflflS' PROSPECTING The UC-- Gelger Counter la original in its achievements. It Is used for assaying samples oi ore, for probing drill holes up to 1000 it, for grid map work, for prospecting from a car or Jeep and for prospecting from the cdr. It has six scales. Is rugged, simple to operate, ruggedly constructed and Is field proven. 3 BRERET0N, RICE & CO., ULBaakaMs. Daaw.Cofe rfcoM an. a-s- sti rr nmm MHWHlkiMmSSSBNil'ItKKillW H-m- INC 1912 Sine st up-gradi- URANIUM BBHBH fault with less company geologist expects some very good ore will be reached when the fault is achieved. Pineco officials said. The firm is erecting a uranium mill in the immediate vicinity. large MODEL n n i.. m mm Tie Basic HriillilHil ng will Kurland Motors ARIZONA CALIFORNIA NEW MEXICO WYOMING IDAHO MONTANA NEVADA UTAH WASHINGTON SOUTH DAKOTA TEXAS postpaid or 28 DENVER 16. COLO. light m up to accommodate ft. of has foot- 1000 age indicator. Reel tachometer Headquarter! New Jeepi with 500 ft cable and probe. Used Jeeps Jeep Rentals by day, week or month 00 V Geigei Connfezi, Scintillators Assaying Service COD. DRAFTCO DRAFTING SERVICE AT Is cable and Bedded Uranium Deposits iiom U. S. 6. S. Trace Elements Reports AEC Airbone Anomalies . . . Prospects, Posted Monthly. . . Scale: 1" 16 miles COLORADO ""tr weight takes up to a minimum of space, SHOWING 1101 EAST 90TH AV. 29850 Reel STATE URANIUM MAPS $4 each, UC-- 3 1134 Broadway, Denver, Colorado J. only W. REYNOLDS CO. 1479 So. Phone Main Salt Lake City 4, Utah 84-11- 33 |