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Show WESTERN MINERAL Editorial SURVEY 11 Cow Pasture Cleanup NEWS Too many uranium companies raised money on cow Their officers, in some instances enjoyed costly airplane rides to New York. To all intents and purposes they essayed the role of big people". Today, their treasuries are depleted to anywhere from $5,000 to $15,000, with no uranium property. It is singular that most of the companies that have good ore property and are producing uranium, started as closed corporations. Now these companies are entertaining merger entreaties from less fortunate fellow uranium mining companies who have been eaten up, so to speak, by excessive and needless speeding. When certain stocks advanced last spring some of die brokers were the first to sell their holdings. The inexperienced working man is now holding the stocks. A vicious situation has been created. It challenges the leadership of conscientious individuals who have a stake in die industry, to get together and dean house thoroughly. Uranium companies have been hurt; the brokerage business is down to a walk". When brokers begin to realize that stock salesmen must demonstate something more than the qualities of order-takerthen, and, then only, will the uranium business begin to emerge from the doldrums. The testing time has arrived! The wheat is to be separated from the chaff. The upgrading process is going to. be painful for those who have functioned minus talent and experience requisites to successful business operation. 421 Church pas-ture- sl s, Upetco Uranium Speeds Production Plans In Marble Canyon This Week - CIRCULATION Phone EX Street ADVERTISING Phone HU Salt Lake City, Utah Entered aa aecond daaa matter at Salt Lake City, Utah, under Act of March I, Box 2131 1879. Subscription rate: $5:00 for two yean; for one year. Pleaae mention We tern Mineral Survey when writlnr to advertiser. Advertising rate on application. $3.00 Publisher HARBT B. MILLER Editor GAIL FELTCH Vesture Editor O. D. QUINLAN Business Mit. TRANCES JENKINS Contributing Editor L, M. witt. DENVER BUREAU Newa - Advertlslnr - Circulation 722 Kitteredge Bldr. Denver, Colo. For the newa of moot alfniflcanoe in the mlninr and oil world. AU newa appearing in the Western Mineral Survey i- - obtained from source believed to be reliable hut no responsibility is assumed for accuracy of statements. Reproduction of any material from this publication must have written permission from the publisher. First Ore Shipped From Christine No. UTACO PLANS NEW OPERATION William T. Hines of Moab, secretary-treasure- r of Utaco Uranium, Inc, (left), and Everett Blackburn, Utaco mining engineer, go over map of Red Canyon claims where Utaco soon will start work on an incline shaft to ore face. tap a 22-fo- 1 MOAB, Utah ot Utaco To Ship 25 Tons Per Week; Prepare Red Canyon Drill Schedule Moab Mines Inc. made its first ore shipment from the Christine No. 1 Humbug mine in East Canyon, Southeast--' ern Utah, according to William J. Owen, president. The initial ore shipment was Utaco Uranium Isays of the first shipments have MOAB, Utah made to the VCA Mill in DuInc., of Moab has shipped the not yet been received. rango, Colo. Road improvements first two loads of ore from its ship--, future said Blackburn Uranium in to on be its claims, new Coyote Wash mine in Lisbon production Corp. plans Upetco at the rate are now underway in order that will be in Marble Canyon, within a week or ten days, it was announced Talley, San Juan county, Mining about 25 tons a week. Addi- - shipping can continue daily this week, by Alfred M. Buranek, vice president and geologist of Engineer Everett Blackburn said tional driUing alg0 is underway, throughout the winter and spring today. Upetco. Ore from the Coyote Wash Mining engineer, John ONeill, Salt Lake City, has been as- mine, located on one of 104 claims Blackburn added that work signed to open up the property. recently acquired by Utaco from will be started within two weeks lsMoot ONeils first objective is to Mohler Brother, and Jack Tur- - on the Incline drift to be nmkered ln the mlne remove 200 tons of (rood ore ner of Moab, is going to the Mon- - 0n Utacog Red Canyon holdings, which has been Mfaced up." It will ticello mill. where drilling has disclosed a be shipped 40 miles to the buySettlement sheets showing as-ore face. ing station at Tuba City, Ari. Blackburn, who will supervise our percent vanadium. Buranek said Upetco is planall Utaco mining operations in initial operations, while the Survey Denver Bureau the future, for 14 years was em- ning financial negotiations with In recognition of outstanding station is being excavated, a large company which will han- work performances which have ployed by the Vanadium Corp. are producing approximately dle Upetcos mining. of America. For tour year, he twenty contributed to the efficiency and This wil lnot take effect, how- economy of government operawas mine foreman for VCA. DurMexico New Burean tons is 200 the after until Eighteen-gaug- e ever, tracks reach- ing the last year he has been tions, two employees of the Grand Pubco of workDevelopment, of Inc, g field supervisor and mining disposed and sixty feet by company Junction Operations Office of the men. U. S. Atomic Energy Commission Albuquerque, NM, has acquired gineer for jack Turner & Asso-- from the ore face to a thirtyton opUon. on 28 uranium mining Upetco has $100,000 worth of Monday received cash awards. ore bin are now ln place to ec dahns locatra to the Iron Moun good ore drilled. It has been ore had Blackburn over 20 were commodate a Awards ha. presented in the necessary to cease drilling be- office of Manager Sheldon P. am Mining District near Winston lyears 0f mining experience, in- - car. Two additional drifts are to cause the ore body was too large Wimpfen at the AEC compouna n sierra county, NM. eluding hardrock mining. He has be made at once off the first sta- for the rig, according to Buranek. in Grand Junction. Company president D. W. Peratei his own mines, and also tion. A shuttle car will carry the lie said that Upetco has a good The two honored are Mr. G. Reeves said the options carry the mines leased from VCA. His ore from the faces to the first ore channel. Masine Bennett, telephone com- right to start mining operations ome I station. Placerville, Colo. He said the company has a munications operator, who receiv- "if investigation shows worthlarge amount of low grade ore ed a $250 award, and Russell E. while uranium deposits. in addition to a substantial head Douglas, draftsman, whose award One shipment of of good ore on their largest drill- was $100. ufaa-i6- e ore was made from the property . The awards were made under ing project. Upetco has a treasury reserve the AEC Incentive Awards pro- by the previous owners, of $125,000. Buranek said the gram, which provides cash or Reeves said. Pubco is starting company will save $7 a ton on ore honorary awards for employees immediately on a core drilling who by their superior perform- program to determine the extent shipments to Tuba City. Previously it was necessary to ances, suggestions,, inventions, or of uranium on the claims. ship a distance of 225 miles to other personal effort, contribute The drilling contractor on the the buying station at Marysvale, to better Government Employees is Bash Drilling Co. of Utah. Incentive Awards Program which Project Grants. The work on the lim The company recently absorbed is in effect in other Federal Who will be supervised by William H. . . " . Silver Reef Uranium Corp. on a agencies. basis of one share of Upetco for The Grand Junction nominees Brustad, geologist in charge of Right now the circulation of the WESTERN MINERAL SURVEY four of Silver Reef. A. H. Kelson were selected by their respective Pubcos uranium division. is Pubco, which has been active is president, and Reed Tuft, sec- supervisors and recommended for keeping pace with the uranium industry in general booming! in oil and treasurer. in and the gas drilling the awards by a Local Awards retary Keep posted on latest news and quotations by reading the state for enseveral first ofyears, WESTERN MINERAL SURVEY Committee of five top level regularly . . . every week. ficials of the Grand Junction Op- tered uranium activity last year when approximately 52,000 acres Partners Split; erations Office. SUBSCRIBE NOW! In presenting the cash award to in western New Mexico were Start Two Firms Mrs. Bennett, Manager Wimpfen leased for exploration from Tom I also gave her a certificate read Bolack, Farmington. The firm of Morgan-Walto2 years $5.00 year $3.00 In recent a to Pubco report Oils, which offices in the Walker ing: "In recognition of the responsi- stockholders, Reeves said that apBank Building has been dissolv Circulation Departments ble attitutde and in recognition proximately $50,000 had been ed. spent in uranium activity to date. Dr. Paul T. Walton, a partner, of the outstanding services." 722 Kittredge Building 421 Chnrch SL-0. Box 2131 The AEC Incentives Award has opened new private offices at Denver. Colorado Salt Lake City. Utah 312 Walker Bank Building, and Program is authorized by Public Advertise In The . . will devote himself to oil and Law 763 (83rd Congress, 2nd NAME on November Session) exploration. gas approved WESTERN ADDRESS N. G. Morgan, Jr., formerly' as- 30, 1954. The Bennett and Dougsociated with Dr. Walton, has or las awards are the first made a' MINERAL SURVEY , CITY ganlzed Securities Ltd., with of- the Grand Junction Operations -S- TATE fices in the Walker Bank Build Office under the system estabReach an Interested market! Remittance Bill me later lished this year. ing, lf 1 I I ' V. 22-fo- I en-in- two-hundre- d hoist-drive- n I hand-picke- d Vm! Interested In Uranium Activities? t? n P. |