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Show Anaconda Acts As 'Stopgap' Near Grants, N.M. .Arrow Hopefuls See Second 'Happy Jack' Hit New Mexico Bureau The Atomic Energy Commission has announced that a limituraed tonnage of nium ores will be purchased by the AEC in the Grants, N.M., area as a stopgap measure. AEC oficials in Grand Junction said a short-terarrangement has been made with Anaconda Co. at its Bluewater, NJJ, plant until the commission completes a study determining whether a new buying station should be located in the area. The move was made after a Arrow Uranium Corp. anticipates a duplication of the fabulous Happy Jack ore channel when present drilling operation on Arrows properties at Indian Creek, San Juan county, reach a depth of 150 feet. That is the opinion voiced by Fred Kuhn, Arrow president, who said the company will try to carve out a channel" when the present drilling program reaches non-amenab- le m previous announcement by Anaconda that it would terminate a contract to purchase ores on Nov. 1. Nonamen-abl- e ores are those which canr not be processed at the mill. its objective. non-amenab- Blue-wate- Ten Crews Work Phillips Land Phillips Petroleum Corp. now has a total of 10 drilling crews operating on properties at Gunnison and Golden, Colo, and upon the Republic and Utah Premier Uranium Co. properties in the Big Indian district of Utah. Negotiations are under way to acquire several other potential uranium properties in Utah and Colorado, a spokesman for the company said. Phillips also holds a small in property of Gulf Westin-tere- ern Oil Co. of Oklahoma City. ROTO ROOTER Salt Lake Counties Only Boto November 11. 1935 The Western Mineral Surrey, Salt Lake City. Utah Page Feu Bootes Opeiators SPECIALIZING IN Sewer Stoppages Floor Drains For Competent EL 9-31- Work Call 43 st Texan Joins Staff Of Utah Drilling The program is conducted un- ' der a lease with Vitro Uranium Corp. which has obtained encouraging results thus far in its drilling program. Drilling is at a depth variously estimated from 80 to 95 feet at Kuhn said. Adding Vitro Utah Drilling present, Moab, Utah is encountering the same type of Co. Friday anounced the appointthat prevails in White ment of Charles H. Folwell, III, formationwhere Happy Jack enas contract manager by William Canyon a rich ore channel. countered J. Owen, president. Kuhn said the program will Formerly with United Core, Inc. of Houston, Texas, Folwell continue as long as no heavy will reside in Moab and will join snow interferes., lie said the area the administration staff of Utah usually has but very light snow. Drilling Company with offices in The fact that Arrow is no longthe Post Office Building. er obliged to make expenditures Folwells duties shall include for mining operations, is a prosupervision of contract negotiations and assistance in direction tection to its cash reserve estimated from $10,000 to $12,000, of field operations. While employed by United Kuhn said. Arrow properties are Core, Inc., he had served as Dis- close to those of Royal Uranium. trict Engineer in East Texas and later, Division Sales Manager in Houston. United Core, Inc., spe- Mother Lode Closes cializes in reservoir engineering, diamond coring, core analysis and Shop For Winter . wel logging. Folwell attended the UniverGeologists employed by Mother sities of Baylor and Texas. At Lode Uranium Corp. finished present he is affiliated with the their tasks Nov. 1. East Texas Geological Society Exploration work is to be held and the American Petroleum Inand a review of the entire up stitute, Production Division. Utah Drilling Co. specializes program effected during the in oil, gas and uranium drilling. winter months, it was announced Robert McConaughy, During the past six months, today by and treasurer of Mothcontracts have included drilling secretary er Lode, programs for Hidden Splendor Mining Co., Silver Pick Uranium No drillig expense will be inCo., LaBirt Uranium Co., Royal curred until after May 1, 195t, Christine Mines, he said, and in the meantime Consolidated, Lisbon Uranium Inc., Corp. and outstanding bills will be paid. Histco Development Co. Mother Lode has a treasury balAn oil drilling program is now ance of $135,000. underway for a private group near Bluff, Utah, in the Paradox Property is in the La Sal MounBasin. tains, in San Juan county, Utah. Flying Geophysical Lab" Story Told By Lundberg Explorers one of the oldest organ-ization- s Lundberg Explorations Limited, world-wide aerial geophysics has published engaged in from ground geophysics to a brochure tracing their history the adaption of the airplane in the post war years. language it describes the use of the magIn methods and tells how netic, electromagnetic, and radioactive takes inventory laboratory" a veritable flying geophysical even countries in a areas of large of the natural, resources matter of weeks. The companys shareholders recently approved a conversion from a private to a public company and a split of its shares on a ten to one basis. The companys new shares will be transferable at transfer agents both at Toronto, Canada, and Jersey City, U.SA After giving effect to the aforesaid split, there will be 100,000 shares of the company outstanding. non-technic- al American Energy Corp. Reports Ore On Green River Properties Victor J. Nelson, engineer and president of the American Energy Corp., of Moab, Utah, has announced that new operations on their Green River properties have opened up a "new and large" uranium deposit in the Morrison formation. the American Energy Corp., the ore located is in an ancient fossilized lake bed in the Brushy Basin strata of the Morrison formation of the Jurassic age. The ore, he said, is deposited in a black strata of carbonateous trash materials with an average the thickness of three feet and a The claims, known Lucky Strike Claims, are located width of over 100 feet. south and east of the Green RivSo far the blocked out ore is er townsite. estimated to be well over 1000 The company owns 62 claims tons, Nelson reports, with all adjoining and adjacent to the indications pointing to a much strike which is of major propor- larger and richer deposit as the tions. Up to the present time 11 ore dips under and to the back of holes have been drilled, Nelson a 107 foot ledge where it is besaid. He added that all are in lieved there will be found a cpmmerclal ore running up to higher grade of U308." .80 per cent. This, he added, is due to a lesser B. Hollingsdegree of leaching that has According to Harry taken place than where the ore worth, geologist and engineer for was first encountered at the face of the ledge. California Copper Drilling operations are continuing and the company is negoClaims Purchased tiating with mining contractors New Mexico Bureau at the present to do the actual mining. The company expects to Officials of Algor Development be shipping within two weeks. as Corp. of Albuquerque, N. M., have announced the purchase of copper property containing approximately 2000 acres in the Mojave Desert near Needles, Calif. DEAS0N Company President A1 Batch-ne- r said the property was purchased from Mexona Mining Co also of Albuquerque, for a price in excess of $100,000." Assay and Ckemist 160 Soutli West Temple Ratchner said that asays of surface copper un up to 13 per cent. The estimated1 value of the property is several million dollars, he said. Phone EL In addition to the copper on e the 105 claims, uranium ore has been found in slag and dump heaps, Ratchner said. Ratchner said that negotiations are being completed with a large West Coast mining outfit to start mining operations on the property. The property has not been worked since 1920, he said. Algor, which was organized in March, also holds uranium properties in Catron and DeBaca Counties of New Mexico. Gordon Lake, vice president, said that INC. i (A Utah Corporation) PROVO, UTAH Offering Price - 5c Per Share 6,000,000 Shares Common Stock Par Value - 5c Per Share Non-Assessa- ble approximately $15,000 has been spent in drilling and exploratory work on the uranium properties. UNDERWRITER CAPITOL SECURITIES, INC. 303 Darling Building - Phone: ELgin Salt Lake City, Utah Please send me prospectus of Name Street and No 5-34- ui.LH.LLW 1." UU JJ. JliJIJUi'i.L .JU.'.LIJJU.II.IL I.AU.l..1 . CUP OUT JUST AMD MAIL The Coupon Below for Our FREE MONTHLY BULLETIN on THE LATEST DEVELOPMENT IN THE MINING or OIL INDUSTRY or Visit Our New Office at VALLEY STATE BB0KEBAGE Incorporated State Suite HU - Salt Lake 2520 South Phone 904 South 5th St. Bldy. Laa Vegas, Nevada TWK SU-7- S Pleaee Send Monthly 109-1- BLEAK URANIUM Bulletin to: Name Address City BANKERS URANIUM, INC. CO., Inc. for a limited time only offers, thru prospectus, to bona fide residents of Utah only 2,500,000 shares at per share CONTACT U. S. Uranum ."J JMBJ1L-iaJULSaHI- SB. JJJUIEW Ll !.! 434 S. Mai St. Development Co. EL 5-97- 61 4 City 08 City and State .. 62 Be Well Informed GET THE FACTS! high-grad- URANIUM COMPANY, AND NICHOLS |