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Show Page 4 Friday, November 23, 1956 THE WESTERN MINERAL SURVEY Legal Advertisment (Continued from Page 3) and the order of the Board of Directors made on the 31st day of August 1956, so many shares of each parcel of stock as may be necessary will be sold at the office of the Company, 318 Ness Bldg., Salt Lake City, Utah, on the 30th day of November at 2:00 p.m., to pay the delinquent asses-men- t, together with cost of advertising and expense of sale. FRANCIS PLATT, Secretary. Date of first publication November 9th, 1956. (11-23-5- 6) NOTICE OF ASSESSMENT PARK-KONOLMINES CORPORATION 226 Atlas Building Salt Lake City, Utah NOTICE is hereby given that at a meeting of the Directors held on the 9th day of October, 1956, an assessment of two cents (2c) per share was levied on the capital stock of the corporation payable D November 11, 1956, at the ern Registrar and Transfer WestCom- pany, 1236 Newhouse Hotel, Salt Lake City, Utah. Any stock which this assessment may remain unpaid on the 12th day of December, 956, will be delinquent and advertised for sale at public auction, and unless payment is made before will be sold on the 3rd day of January, 1957, to pay the delinquent assessment together with the cost of advertising and expense of sale. FRASER BUCK, Secretary Atlas Building Salt Lake City, Utah Date of first publication Novem. ber 9, 1956. (11-30-5- 6) NEW LIFE is expected to be pumped into the Spokane mining market through an action taken by members of the Spokane Stock Exchange recently . . . They voted to expand the list of quotations to include selected stocks traded in Denver and Salt Lake City and perhaps other mining centers, as well as new uranium and other issues in the Spokane area. URANIUM MINES, INC., is the first stock to be added to the 'Counter list. Recent initial quotations were bid and 10c asked. Uranium Mines has its home in Wallace, Ida., center of the world-fameCoeur dAlene hours Mining Region, only 1 drive from Spokane. It has large holdings at the east end of the Coeur dAlenes, east of Mullan where so much new activity is going on. The holdings adjoin the Silver Mountain property which Hecla and Bunker Hill soon will start exploring from the bottom of t a new shaft. The fastgrowing Lucky Friday mine is a neighbor . . . Uranium Mines also has the Tucker Flat and Big Flat properties in Utahs famed Big Indian district, home of Charlie Steens fabulous Utex uranium s mine. The claims adjoin Alice group, soon to be in production, and are only a short distance from Federal Uraniums Radon mine, which Hecla is mining. Uranium, Mines recently entered into an exploration and g agreement with Hecla on the claims. RADOROCK, a subsidiary of Federal Uranium, and Northwest Uranium Mines, Which has blocked out a large uranium deposit on the Spokane Indian Reservation and is planning an upgrading plant, and Conjecture Mines are among those which may be added Over-the-Count- er 7c d 2000-foo- Home-stake- op-atin- REPORT ON DYNAMIC OIL AND URANIUM COUP. HOLDINGS OF THE COMPANY. 1. Salt Lake Stock Exchange Dynamic owns ten per cent in the drilling of twenty six wells in Kansas. Two wells have been drilled and are pumping oil. Located: Section 16, Town- to the Spokane 17 South, Range 21 East, list. So are a couple of widely-traship FRANKLIN COUNTY, KAN- ded Colorado gold issues. SAS. CONJECTURE MINES which 2. Dynamic owns 77 per cent has opened a very promising silveore body at shallow depth of fifty acres of oil land, which r-lead is in Big Muddy Oil and Gas in the Pend Oreille district northfield in Wyoming. Contract west of the Coeur dAlene district, has been let for five wells is turning the operation over to Federal Uranium under an operon said fifty acres. Located: Section 3, Township ating agreement. Entry of the 33 North, Range 76 West, 6th Salt Lake City firm into the minPJd. Converse County, Wy- ing field here is a big boost for the area and should kick off a oming. boom in the Pend Oreille district. 3. Dynamic owns 77 per cent The late Frank Eichelberger, oneinterest of 320 acres in Con-d- it time manager of the Sunshine Dome Oil Field in Wy- mine, was consulting engineer for oming. Conjecture and a large stockholdLocated: Sec. 3, Township 33 er. He had great Confidence in its North, Range 94 West 6th future. P.M. Hot Springs County, TRUSTEES of the Spokane Wyoming. Stock Exchange are optimistic 4. Uranium Properties: outlook for about the long-terDynamic has a five year lease mining and the local market. They on the Payday Mine in Temple say better metal prices are needed, Mountain. The mines and all especially for zinc, lead and gold, of the equipment moved to the to stimulate interest and activity. property last week, to start Some big new ore strikes might working on a two foot face do even more for the market and of .41 ore. Should ship fifty they could be just around the corner. tons per week. Over-the-Coun-t- er m 5. Dynamic owns ten claims in Edgemone, South Dakota. Located: Township 7 South, Range 2 East, Section Falls River County, South Dakota. 14-23-2- 4. 6: Dynamic owns three claims in Wyoming that has had a pro-r- duction record and also has a six foot face of ore to start mining on. Company hopes to start mining soon. SUNSHINE declared a fourth quarter dividend of 10c a share, payable Dec. 21 to stockholders on the books Nov. 23. They payment will amount to nearly $150,-00- 0 and will bring 1956 dividends to 45c a share or nearly $700,000 NORTH STAR URANIUM was active and higher recently following discovery of autunite ore during preliminary exploration work on their Lehmbecker lease adjacent to Daybreak in the Mount Spokane area. Jack Horton, general manager of Vitro Minerals Corp. visited the property yesterday and termed it a promising prospect. The ore Was uncovered for a length of 75 feet. Company officials report shipments will soon be in progress. stocks listed on the Spokane exnet inchange, had a come of $4,088,275 vs. $3,799,640 a year ago, or $1.75 a share against $1.62. McDevitt To Be Sales Manager For U. S. Steel ment of Charles L. McDevitt as manager of sales for manufacturing and construction accounts in the Central Sales District of U. S. Steel DiSteels Columbia-Genev- a vision was announced today by Robert H. Maddan, Jr., district! -- vice president sales. Mr. Me- - To i Devitt will be headquartered iqj San Francisco. He succeeds Alex Walker, Jr., who recently became Intermountain District vice president sales, at Salt Lake City. J Increase e Mr. McDevitt is a native of Crested Butte, Colo. At Atlas Salt Lake City, where he attended Uranium Corp.s new base metals the University of Utah. In 1933, he mill near Crested Butte, Manager became employed as a sales clerk D. L. Herrick has announced addiin U. S. Steels Intermountain tional flotation cells are being inSales District. He served as a lieu- stalled to better handle the comtenant (jg) in the U. S. Navy dur- - plex ores of the district and other equipment wil be added during ing World War II. After the war, the winter to bring mill capacity , Cal-he attended the University of 100 to tons per day by next spring. ; a ifornia and was graduated with Atlas plant will mill ore The degree in business administration. from both Atlas and Bleak UranIn June of 1947, he ium Co. mines in this vicinity. U. S. Steels Salt Lake office as a Atlas and Bleak have been worksalesman. He was promoted to ing together for the last two service manager there in Janu- months, with Herrick as general ary, 1948, and in May, 1949, was manager for both companies. transferred to the Central Sales J. C. Burgess, chairman of the Atlas board, said in a letter to District in San Francisco, in the stockholders this week that Atlas same position. In August, 1951, he hopes to mine its Hawkeye propwas elevated to senior sales repre- erty, about six miles from the mill sentative, the position he has held throughout the winter. The Hawk-ey- e is producing about 50 tons until his new appointment. daily, with ore running around ( ! re-join- ed In-Northe- m rfairview, N. M. R. L. Delano of the Fairview Machine Slop re- 45-fo- ot all-tim- 95-fo- ot At Mill per ton. Ore from the Yule mine, another Atlas property about 12 miles from the mill, was stockpiled during the summer and averaged' $44 per ton. Snow has closed the Yule until spring. Burgess in his letter to stockholders outlined the Atlas-Blea-k alliance and declared that we regard this move as one of the most favorable developments in the hisBoth tory of this corporation. companies will profit by their operations, he said. $40 Producers Will Get New Mill In N. W. Colorado Grand Junction, Colo. That better days are ahead for both small and large producers of uranOf ium ores in the Wyoming, Utah and Colorado areas bordering Inc. upon Moffat County, Colorado, is disclosed in an announcement released by the Atomic Energy ComCo. mission. The AEC states that the new mill will provide a uranium ore ore market in the Craig area for Leeds, Utah. A new face assaying 1 per cent uranium ore producers now too far from oxide 'and 26 ounces of silver per milling plants for economic operton has been reported on the ation. level in the Big Hill mine on The new plant will process the Silver Reef property of West- uranium-bearing ores from northern Gold & Uranium, Inc., Ralph Colorado western including ores G. Brown, president, has told lands produced from owned, stockholders. leased, or controlled by the corIn his progress report, Mr. poration, as well as ores purchased Brown disclosed that stoping had from independent producers. The vein assay- plant will provide a market 'for also exposed an 140 ounces silver of per ton. the producers in this area who ing a of high grade ore, are too far removed from existing Shipments some of which averages 57 ounces mills to operate economically, or per ton, are now being made from whose uranium ores are not amenable to present processes. stratum. a Uranium Find Noted Progress Western N. Mex, Cold & Uranium ports that while directing drilling operations for rare earths in denorthern New Mexico a earth of uranium-bearin- g e Sunshine dividends posit and and clay was found underlying a to nearly $35,000,000. capping or overburder of HOME STAKE set a fourth quar- basalt. ter dividend of 40c a share plus an extra of 40c payable Dec. 14. It Delano states that a radiometric will boost this years payments to assay of drill cuttings shows .03 $2 a share or more than $4,000,-00- 0 uranium, and that a surface surand total dividends to vey of the area indicates a deposit over one mile long and half a BIG SMOKE URANIUM has lo- mile wide and that it is his opincated what is thought to be an exion that the find could be one of tension of Its original coal-lik- e contact deposit of uraninite, gum- - the major discoveries in the state. $192,-120,00- 0. Located: Section 3, Township 43 North, Range 79 West, Johnson County, Wyoming. G. G. Gressman, Pres. & General Manager mite and autunite on the Spokane Indian Reservation. It is 600 feet away and under an average 14 feet of overburden. The company has leased two adajacent tracts. Uranium showings have been found on one adjoining the Bair lease of Daybreak Uranium. Told In Report 24-inc- h 125-fo- ot 18-inc- ot h |