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Show Friday, November 9. 1956 TEE WESTERN MINERAL SURVEY Page 2 WESTERN MINERAL SURVEY pans t,ofKAiMB NEWS Union Carbide Will Build Uranium Mill Near Craig - CIRCULATION y Union Carbide Nuclear Co., , Car-of Union Carbon and 421 Church Strwl Fhone EH bide, will build a new uranium 2402 Curtla St., Denver mill at Maybell in northwestern ALplne Colorado, it was announced at ADVEKTISDIO Grand Junction, Colo, during the Box 2608 EH week. Salt Lake City, Utah The mill construction announce2402 Curtla Bt Denver ALplne ment followed the disclosure that Entered m Hcond daae matter at Salt Lake City, Utah, under Act o t March 3, Union Carbon and Carbide had 1878. acquired the property of Trace 3:00 lor tvo jean; Elements company of Grand JuncSutMcnpuon rate: 13.00 lor one year. tion. The latter firm had consid17mm mention Weatern Mineral Sur- erable holdings in the Maybell e vey when wnunc to advertlaere. area. ratee on application. Terms of the mill financing were not . revealed. A. Q. Lund-quisL. M. HILL Editor general manager of Uniori Carbide Nuclears Grand Junction office, said the property would be used in part to fulfill the comAll newa appearing in the Weatern Mineral Survey i obtained from aourcM panys obligations to the AEC unbelieved to be reliable but no reeponalbil-lt- y der a recently completed contract la aaaumed of atatementa. sub-sidar- 49 Adver-twin- t, lor accuracy Keproductlon of any material from thle publication must have written permlulon trom the public her. REPORTS RELEASED ON AMBROSIA LAKE Atomic Energy Commission Reentitled Uranium port, RME-86- , Ambrosia Lake the in Occurrences Sabre-Pinio- n Area, McKinley County, N.M., by R. G. Young and G. K. Ealy, is the latest of several reports and In maps on this region are now available for inspection and purchase Sabre-Pinio- n Uranium Co. Wed- by the public, according to the Grand Junction Operations Office nesday was reported in multi-millioHome-stake of the Commission. dollar negotiation with This report includes a prilimin-ar- y Mining Co. regarding exploistructure contour map and a tation by Homestake of the smalle er firms big holdings in preliminary surface geologic Ambrosia Lake area of New map of the area, as well as discussions of regional geology and minMexico. eral deposits. RME-8- 6 Hugh Craigie, Santa Fe, N. M., is for sale for 20 cents Sabre Pinion president, said: from the Office of Technical ServWhile I can make no statement ices, Department of Commerce, on this matter at this time, we Washington 25, D.C. Copies are have reported previously that we available for inspection at the were negotiating with mining AEC Smith Lake field camp northfirms and oil companies following east of Thoreau, N. M., and the suspension of our dealings with Grand Junction Operations office. American Metal Co. Ltd. Several other AEC reports and have been published on the maps Among the oil firms with Ambrosia Lake Brea. which Mr. Craigie has been dealing is the Phillips PetroIke Maps Plans leum Co. Big Deal n U-or- Any deal would be in the 16 For Aid to Mines million dollar size, incuding erecMine financing would be aided tion of a substantial uranium mill nine-poiprogram to aid and deveopment of the under- by a President which small business ground mininm properties, Mr. Eisenhower to present to plans Craigie confirmed. the next Congress. The present We shoud have an announce- $300,000 exemption from full regment on our activities in this re- istration under the Securities Act would be raised to $50,000. gard within the next 10 days. nt One of the larger Independent Rocky Mountain Oil Producers on the firms Rifle Colo., mill. Lundquist said that the property would be utilized for any mill operation to be affected in the Craig area. Trace Elements had negotiated a contract with AEC in August, 1955, but later decided to present a new proposal for a larger mill after finding additional ores on their properties in the Maybell area, 30 miles west of Craig. The AEC announcement said the mill would be completed in a year. It would process ores from northwestern Colorado, including ores produced from lands owned, leased, or controlled by Trace Elements, as well as ores purchased from independent producers in the area. It will mean a new market for area producers too far from present milling facilities to operate economically, and for those whose uranium ores are not amenable to present processes, the AEC announcement said. This indicates that a new kind of milling process may be used at the mill. Trace Elements in the past has shipped ore to the Rifle mill of Union Carbide nuclear. H.E.C. Chooses Finance Officer Miles P. Romney, manager of the Utah Mining Association, has been invited by the San Francisco Chamber of Commerce to be a panelist at a conference in the Bay city, Nov. 9. The meeting will explore the mutual requirements of the chemicals and mining industries of the western states. Defense Materials Administration disclosed this week that exploration loans had been granted to the following companies: Radium King Mines, Inc., San Juan county, $26,280; Hamilton, Harries, McDavid, Ladd and Simpson Mining company,. Grand County, Clute Industries Chooses Leaders Positions on the board of directors of the new Rocky Ford corporation, Clute Air Industries, n are being filled by men in industry throughout the southwest, according to Francis H. Clute, president. Clute, who developed a new cyclonic air upgrading method of separating ores and cleaning seeds, announced the board. will be Fred W. Watkins, Tulsa, Okla., general sales Charmanager of Brown-Dunkiles Williams, cashier of the Empire State Bank, Rocky Ford; Frank P. DeLarzelere, Tulsa; W. W. Banks, president Dallas Tank Co., Dallas, Tex.; Ted C. Bodley, president Mohawk Petroleum Co., Tulsa, and Allen Mills from Hogue-Mill- s in Pampa, Tex. W. P. Montgomery of Sabre-PinoCorp. and president of the Reaty Trust Co., Dallas, Tex., is treasurer and director; William A. Schmidt, Rocky Ford ,is secretary and director. Clute has been working for the past two years to develop the new cleaner using a cyclonic motion separator. well-know- Vice-presiden- Appointment of Kenneth L. Burson as Director of the Finance Division of the Grand Junction Operations Office of the U. S. Atomic Energy Commission has been announced by Manager Allan E. Jones. The Finance Division is responsible for all cost and financial aspects of the Commissions uranium raw materials program administered by the Grand Junction office. Mr. Burson, who has been in the Commissions Grand Junction office since it was established in 1948, succeeds Walter B. Carlson, who recently became Assistant Manager for Administration. Burson has been deputy director of the Finance Division for about three years, and acting director since Mr. Carlesons promotion last June. When Mr. Burson first joined AEC in the Finance Division in 1948, there were only 26 people in the then newly-opene- d Colorado Raw Materials Office of the Commission. Free Information QUOTATIONS on Unlisted Uranium s and Oil Issues n; n Cromer Brokerage (Incorporated) Suite Phone EMpire Utah Oil Building 4-56- 69 Salt Lake City 3-- 4 -- 39 Exchange Place Salt Lake City, Utah per cent. 'Bonneville, Ltd. has been highly successful in producing magnesium oxide at its Wendover plant an through entirely original method. The firms new $160,000 facility for producing grandular type potash is now operating. Disclosure by Frank Pollard, research director for the United Steel Workers of America, that nonferrous workers are paid 27c to 35c per hour less than workers in aluminum, iron and steel resulted in plans being laid for a conference of local unions in the noferrous industry early next year. George W. Haycock, of the Steelworkers, in programmining (the proposed conference. sub-distri- ct Pollard said the wage difference was the result of nonferrous employers being able to pit one union against another because of the multiplicity of local unions. This applies especially to the Bingham copper mining district. Thunderboldt Uranium has 'an interest in Sessions Heirs No. 1 in Big Horn County, Wyo. As of today they are drilling at 4,280 and expect to core the pay sand at 4,344. Final news on this well should be forthcoming within the week. On a separate lease, three miles from the Sessions Heirs No. 1, Thunderbolt has a very substantial interest in a well spudded on Oct. 30, 1956, known as Hase-Austin-Goldi- No. 1 Crosby-Mann- . It is scheduled for a 3,060 foot hole. Coring should be in progress by Nov. 11, 1956. Thunderbolt's two producing wells in Kimball, Nebr., are being cand packed to increase production. It is anticipated that production on these two wells will net New Uranium Field Rare Metals Corporation of Newspaper Ads America, a subsidiary of huge El Paso Natural Gas, sent some of Are Read by 98 its top brass to Spokane this Sixteen out twenty men and week in connection with negotia- nineteen out of of twenty women tions to get in on the ground read the in the newsadvertising floor in this areas uranium industhat they buy. papers try. At least two local firms figure Local advertising in the talks. Rare Metals has ura- will reach 3 billion expenditures dollars this nium mines and a uranium pro- year in which newspaper advercessing plant in Arizona; also one tising has kept up against the terof the countrys leading mercury rific competition of television and mines near Weiser, Idaho. other media. KEEP ABREAST OP NEW DEVELOPMENTS MAIL COUPON TODAY! Subscribe to the Bight now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general booming! Keep posted on latest news and quotations by readino the WESTERN MINERAL SURVEY Co. Exploration, Ltd, San Juan county, $158,004 and Adams Uranium company, Emery county, $16,675. Federal participation in the loans is 75 Thunderbolt $2,000 per month. Rare Metals Eyes Also Reports On Companies Listed and Traded on the Salt Lake Stock Exchange ts $583,020; Westmont I regularly year $3.00 Circulation DepL 421 Church St. P. 0. 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