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Show November 11 1955 The Western Mineral Surrey, Salt Lake City, Utak Page ifsewijSP Minor Strike" :A i.4vr- y$ Kane Creek Reports Ore Kane Creek Uranium Corp., has encountered good mineralization of low grade ore over a wide section, in the Slick Rock area, west of Dove Creek, Colo., it was announced by Walter Snyder, company vice president. He said the ore runs .11 per With further drilling, cent. said he expects assays Snyder .20 above will go per cent." described the disAlthough he minor strike," covery as a are indications said there Snyder the company has something that warrants further exploration. Drill holes, he said, penetrated to a depth of 200 feet. Officials of Kane Creek indicated they will soon define the ore body, to determine its exact potentialities. Arthur W.. Goring, mining engineer and geologist, in charge of the company's development program, described the. mineralization as low grade" ore, although he is hopeful a better grade ore will be encountered. owns seven over a large claims extending on additional area and has leases mineral lands that adjoin, which total 276 acres. The Skidmore Mining Co., opUranium King was quoted 17 rea is mile cents distance, bid and 19 cents asked in erating ore assaying ported producing Recently it was 8 cent cent. .70 .30 to from cents bid and 9 cents asked. It per per This company has been mining is regarded as possessing great the vicinity for several years potentialities by mining men. and is estimated to have extracted several million dollars worth Apache was 17 cents bid and l. of ore. This 19 cents asked in The Dulaney Mining Co., one week it was 7 cents bid and miles from the Kane 8 cents asked. It is well manand one-haCreek claims, is reportedly pro- aged and has 6 major ore body. ducing about the same assay ore as Skidmore. Dulaney is said to Big Horn was 50 cents bid and a each substantial cents asked last April. Now 55 tonnage ship small Several additional day. it is approximately 15 cents bid mines operate in the vicinity. and 17 cents asked. It is said to Snyder said the have a rich ore deposit. company has obtained permission to explore on the Navajo Rescents bid and 01 Jato was 9 ervation to develop some out- 10 cents asked in April of this crops and ore potentials which year. It is now offered at 03 cents it is expected will be shown on a share. the Arizona property. The property, located In AriBig Indian was 19 cents to 21 cents last April. This week it NJVL west is of zona, Shlprock, at 4 cents. was offered is described as It by Snyder possessing excellent potentials." Alco was offered at 03 cents He said rim stripping got under way this week and next in April. Now it is offered at Monday drilling will commence. cents a share. e Kane Crek, has locations on 163 cents a Alpine offered at 4 share last April 25, is now ofAshworth Transfer cents a share. fered at 1 The company mid-Apri- l. mid-Apri- lf Vice-Preside- nt Company HEAVY HAULING Serving Nevada - Arizona - Idaho - Utah Colorado - Wyoming New Mexico Through Connections to Other Points Through Trailer vice president. Property is 19 min essouthwest of Green River and three miles east of the Hanksville Road. A. R. Morgan, of Salt Lake City, is president of Big Reef. By O. D. Quinlan Temple Mountain on the same day last April was 14 cents bid and 16 cents asked. On Wednescents to day it was quoted 4 5 cents. It is making money and has a nice reserve of cash. Gas Stations Put In Long Weeks NEW PARTNERS Dr. Allen Bronston, Fort Worth, Texas and Claude Hickman, Moab, discuss joint development plans of 32 claims in Mineral Canyon. Bronston is Sovereign Uranium Co. president. Hickman heads Moab Uranium Co. McGrath Named To Crpff Post ot 50 HORSETHIEF CANYON MELVIN G. FLEGAL 26 W. Broadway ble UTAH GENERAL SECURITIES 306 Ness Bldg. BEL-AI- R SECURITIES 427 Phillips Petroleum 8290 W. Center St Rldg. Prove dS2-tl- n . A total of 50 holes was drilled over an area of a mile and a half Two Moab Firms to Probe Claims In Mineral Canyon Joint Venture SAN RAFAEL ble I I 31 M & M BROKERAGE 20 E. 2nd South Beginning this week the company is starting a new program of drilling and shipping ore. Two men are now removing ore and two are drilling. Drilling is to continue for two weeks Moody said, in hope of locating a channel and opening up one of the higher radiation beds. and radiation was encountered. Half of the holes ran .40 per cent assays after which from six to ten feet of black carbon was encountered, not high in dadia-.io- n but which could be high in vanadium. MOAB, UTAH Moab Uranium Co. and Sovereign Uranium, & Drillers on the nearby Yellow Gas Oil Co. have begun joint venture development of 32 mining claims in Mineral Canyon, near the Green River, west of Moab, Cat property have gone down 300 feet and reported they have officials of the two companies announced today. worked quite a bedding of ore Claude M. Hickman, board chairman and executive vice pres- - pf high radiation. Big Reef offiof Moab Uranium, said that comcials said they also, in their propany has sold Sovereign a 50 gram, will attempt to go to the lower level. per cent undivided interest in the group. Big Reef property is located The two firms will share opbet wen the Four Corners propcosts Other and profits. erating and the Yellow Cat mine and erty terms of the agreement were not M. G. McGrath will head the is on the same Marrison flow, disclosed. formed mining division of Moody reports. newly venture The Mineral Canyon the Croff Oil & Mining Co., W. marks Sovereigns entrance into D. Nebeker, announced Geologists from San Francisco southeastern Utah uranium activ- this week.- - president and from the University of Utah ity. The company has other propMcGrath is a former employe agree that Big Reef has an uperties in Nevada, California, New per, second and third bedding Mexico and Utah. Sovereign is of Cerro de Pasco Copper Co., of ore in the area. Co., Vanadium headed by Dr. Allen Bronston of U. S. Vanadium of America, U. S. Fort Worth, Texas, with C. M. Corporation Moody said Big Reef has reCommission and Atomic Energy vice ceived a net of $4,200 for 14 Wood of New York City as Vitro Uranium Co. loads of ore, with eight truck president. He is graduate of the Univer- loads remaining to be paid for Equipment already has been and eight other loads that are moved to the Mineral Canyon sity of Utah. He said total checks reand bonus. Nebeker Hickman President said, reports claims. 300-foceived liabilinew on assets a and and due, will total approxwork has started company total a drift to follow previously ties of $839,533 at present. imately $6,300. located vein in the mossback" He also reports that the firm formation. has blocked out a net of $100,000 Southman Canyon, Uintah CounThe drift will be in ore from in uranium properties in Beaver ty, Utah wildcat exploration test. the start, Hickman said, and im- Mesa, Utah - Colorado line and The test is being drilled by El mediate shipments are planned. holds a minor interest in the Paso Natural Gas Co. Over 370 tons of commercial ore were shipped during previous development work, records show, and company officials expect to 15,000.000 SHARES find ore of much higher grade as the drift deepens. About 50 tons now are stockpiled. The claims are within three i Uranium Company miles of a new mill being comi Of Maryland pleted by Universal Uranium i Uranium-Sovereign Corp., and Moab Non-assessaI ore will be processed there as soon as the plant is opened. I Stock 1 The average service station is open 100 hours every week, seven days a week, according to a recent survey. Two thirds of the station opInterchange erators said most of their busiMachinery Movers - Rigging ness is with neighborhood peoWinch - Steel Erecting ple. Explosives There are over 200,000 service Phone HUnter or stations in the United States com- Manganese Topic DAvis peting for your business. Ninety-fiv-e Arizona Meet New Mexico Bureau per cent of them are owned 1526 SOUTH 6th WEST local or Two by independent operated papers on the geology, Salt Lake City, Utah dealers. and mining milling of manganese ores will be presented at the fall meeting of the Central New Mexico section of the American Institute of Mining and Metallurgical Engineers No. 5 in SocorURANIUM, INC. ro, N. M. common Offering price for par value r stock. Henry J. Jicha Jr. will speak Offering circular may be obtained from any on The Geology of Manganese of the following brokers: Deposits and E. V. Mendenhall will talk on Mining and Milling non-assesia- Slate Big reef Uranium Corp., recently shipped two carloads of ore assaying from .28 to .40 per cent and plans to make regular weekly shipments, it was announced today by E. R. Moody, company Stocks To Watch On. April 25, six and one-ha- lf months ago, Uranium Corp. of America stock was $1.92 bid $2.12 asked. This week it was quoted 10 cents bid and1 12 cents asked. It could be the bottom. Reef Ships, Plans Expanded Big Drilling acres in two separate areas. He said it is planned to file an application for a DMEA loan on Kane Creek property and to file an application for an A.E.C. lease. About four months ago, the company offered 6,000,000 shares of stock at five cents a share. It is quoted at 4 cents bid offered at 5 cents. five li of Manganese Ore." Following the talks a field trip will be taken to the mine and mill of the Man agnese Corp. of Arizona, located 12 miles southwest of Socorro. I . Capital Par Value Offering Price 1 W F sk The Company is in the mining business and is presently in the exploratory stage. The Corporation holds unpatmted claims in the Dry Wash and San Rafael Swell areu of Emery County, Utah An Offering Circular May Re Obtained from VALLEY STATE BROKERAGE. INC 900 South 5th St. Las Vegas, Nevada - DU 5th SL Bldg. 11 |