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Show July 29. 1955 Page Three The Western Mineral Survey, Salt Lake City. Utah Jupiter Claims Yield 9 Foot Ore Showing Quartzite Quarry Stock piles in Nevada Thorium can be made into a issionable element according to an information letter prepared or distribution by William Doxey, of the securities firm of 0 Co. Doxey-Merkle- y Doxey points out in the letter hat the Atomic Energy Commission for several months has been working on a thorium breeder reactor. Doxey continues that Consolidated Edison Co. of New York, recently announced it intends to use both thorium and uranium at their atomic power plant at ndian Point, N. Y. The letter declares that it has been estimated that a breeder reactor containing a ton of thorium metal and 20 pounds of the natural fissionable uranium isotope, could produce as much energy as 3,000,000 tons of coal. Doxey estimated the cost of the atomic fuel at $100,000 as compared to a $30,000,000 cost of coal. River district. Ore averaging 9.6 per cent has been discovered on two drill holes on the Jupiter No. 2 claim, Monte Carlo officials say. Vitro Uranium probed the two holes. One hole yielded a nine foot ore body. The second was four feet with both holes giving identical ore assays. Reports on the correct assay were not available. The holes are now down feet. U-23- Cost of the drilling will be split evenly, officials say. Stock-o- f Monte Carlo is still in the public offering stage. A map produced in the prospectus issued by Monte Carlo indicated .45 per cent ore prior to the drilling program. Business constultant and president for the Monte Carlo firm is Carl Federer, Salt Lake City. Proxies for ut A per, cent of the 1400 stockholders of Mohawk Uranium Corp. voted favorably for the reorganization of Mohawk at a meeting in Salt Lake City Tuesday. Less than eight per cent of Mohawk's stockholders live in Utah. About 15 stockholders attended the meeting which approved a resolution to Increase the par value of the stock from one cent to $1 a share. A resolution was also approved for exchange of 100 shares of the present Mohawk stock for one share of new $1 par value Mohawk stock. Capitalization of Mohawk was increased to $2,000,-00at the meeting. It was voted to take steps to register with the Securities and Exchange Commission for authority to sell 300,000 shares of stock. 0 Grayson, Mohawk president, said eastern investors are to cooperate in a plan to rebuild Mohawk from the ground up. A California syndicate, Grayson added, is to supply substantial financial help. Mohawk has an option on uranium properties near Bland-ing- , and claims in the Gas Hills district of Wyoming, WELCOME The No. 4 quartzite quarry of Star Dust Mines, Inc., near Baker, Nevada, uses a Clark fork lift with workmen loading a large piece of quartzite stone, about to be removed to the stockpile. Cost Totals $6,000,000 Wyore To Build Mill in Colorado Glad to Meet Your Optical Be Needs at Reasonable Prices Melvin H. Reid Optical Co. FIRST SECURITY BABE BLDG. Room 507 PHONE t agreement on 80 x Dal-Te- x Dal-Te- x Oil Co. By Scot Gordon Survey Denver Bureau U. S. Air Force have special proj- ects under way dealing with the Texas Uranium Hits production of the rare earths. Richard Riss II, president of These minerals are desperately Varied Mineral Belt SAGUACHE, COLORADO Texas Uranium Corp., in coopneeded in the manufacture of Wyore, Inc,, announced plans for his company to build a $6,000,-00- 0 airplanes designed to with two other uranium eration fly beyond mill at Saguache for the reduction of columbium ore the companies, report they have disspeed of sound. and other rare minerals in die area. covered from 24 to 40 claims The heat barrier, which is en- containing titanium, ilmenite, Wyores columbium ore prop- said the new mill will be In op- countered at about 1,000 miles rutile and zircomium in Southern hour, requires special alloys Utah. erties are the largest In the area. eration the middle of 1956 per by of aluminum and various steel, These claims, officials say, are They have been proven rich in and will employ 250 people from to enable airplanes rare earths columbium, tantalium and ura- the Saguache area. running about 60 to 65 per cent to operate. mineralized ore. The ore body nium. conRiss, who was The new mill, which will have of undisclosed depth and length Difficulties encountered in ex- nected with his formerly Riss is reported to have about four familys tracting all the rare earths from Trucking Company, is now de- an undisclosed rate of produc- to 18 feet of mineralization. the ore without losing any will voting all his time to his exten- tion of rare earths, will do much Company officials are now in to alleviate the national shortage be overcome by the new reduc- sive interests. thd process of completing the mining of these elements. tion mill. Studies are now under He has accumulated one of the way at the Bureau of Mines on Lake at Salt .City largest mining operations in laboratory the milling process that will be Colorado with a total of 49 opThis is neither an offer to sell nor a solicitation to purchase erating mines producing gold, the stock described below; such offemg is made only used. silver, lead, copper and uranium. is Defense The by means of the offering circular Department The new mill will cut down the in interested producdeeply transportation costs not only for tion of rare earths because they the Riss properties, but for many are badly needed in the manu- other mines in the area. (A Nevada Corporation) facture of supersonic aircraft. Aircraft companies and the An official of the company . TRIANGLE URANIUM CORP. Public Offering Non-Assessa- COME IN AND GET ACQUAINTED We Will farm-ou- uranium claims. owned by Texas Uranium Co. is in the process of preparation between officials of Dallas Uranium & Oil Co. and Uranium Corp. The claims, located in the La Sal Mountain district along Brumley Ridge will be core drilled within 30 days. Geologists reports of samples recently obtained by field men of Uranium, appear to indicate they have something of high value. The farm-ou- t is agreement scheduled to be consumated imwas recently mediately. and organized probably will Dallas with Uranium & merge Dal-Te- 79 5, Texans To Farm-OLaSal Claims Vote Revamp For Mohawk Michael AEC Work On Thorium Monte Carlo Uranium Mines, Inc. and an adjoining mining company are reported to be sharing on a 50-5basis in a borderline drilling program in the Green 300 loxey Tells BENTON'S TRUCK AND EQUIPMENT ble 5,000,000 Shares Common Stock Ic Par Value Offering Price - 5c Per Share WEBER INVESTMENT COMPANY Ogden, Utah 2434 Kiesel Avenue Telephone 33 ARMY 4 WHEEL DRIVE AND MAIL COUPON FOR OFFERING CIRCULAH Ext TRUCKS Please send Offering Circular on Triangle Uranium Corporation to: ARMY WINCHES AND HOISTS USED ARMY OR CIVILIAN TRUCK PARTS Fiona 1570 South 2nd West Sail Like Citr. Utah Nam6....i...MHi....)HiMi.M 61 Address City n.1-- 1 .. State |