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Show August 19. 1935 The Weitern Mineral Survey. Salt Lake City. Utah Page Five 'Atom Smasher Stocks to Watch B O. D. QUINLAN j Thunderbolt Uranium Corp., has entered into three contracts for excellent drilling deals on which work is now progressing. Company owns some excellent properties near Vernon Picks Hidden Splendor mine. Cash is conserved by negotiating deals for drilling jobs. Expect good news in 10 days. The Island Mesa claims worked in a joint venture between Ol Jato and Corp. of Texas may eventually prove to have high value. Radio-Geophysic- al According to late reports from the Gas Hills area in Wyoming, Homestake Mining Co. has uncovered a big body of ore on property adjoining the Lucky Mac claims, and in which Walter Uranium Corp., has a big interest. 'President John H. White, Jr., of Uranium Corporation of Amer- ica, denied emphatically today that he has any Intention whatever of resigning as head of the company. Slick Rock Uranium Corp., brought in a nice vein of high grade ore on its Montezuma Canyon properties in Colorado Tuesday, according to a message received here from Leo Maley, of Dove Creek, president. This discovery brings to five the total claims Slick Rock now has in production. The discovery vein is located east of Monticello. Big Reef Uranium Corp., is steadily shipping uranium ore from Green River to Monticello. The first shipment of 40 tons at $30 a ton netted - $126.69. The company is controlled by a group of California men. There is no stock for sale. Ore is running from 21 to as high as .40. Discussion of a policy program was discussed at a meeting of the in San Francisco Wednesday. Big Reefs properties are close to the N.Y. Official Heads Shell Buys Accelerator Capitalist Explorers After several days shutdown due to river floods, Spanish Trail has resumed drilling on the WinA particle acdow Rock properties. But, watch celerator the most powerful rafor an important announcement diation source available to induson oil production. try has been purchased for the Emeryville, Calif., research labAn optimistic progress report oratory of Shell Development about Croff Oil Company will be Co., Harold Gershinowitz, presimailed to stockholders in about dent, announced today. two weeks. The successful and The unit, a Van de Graaf acrectors in San Francisco Wednes-pany-s celerator sometimes called an uranium properties in the atom smasher because it was Gateway District will be outlin- originally used for nuclear reed. Croff is operating under con- search will be the first of its tract mining, is making money size in the petroleum industry. and is in the black. It is being built by High Voltage Engineering Corporation, Continental Oil and other ma- Cambridge, Mass. It will be injor oil companies are said to be stalled in June, 1956. Shell scientists will use the watching the test drill at Crescent Junction now in progress by accelerator in studying the efCrescent Eagle Oil Company. The fects of radiation on fuels, lubrilarge oil concerns are said to be cants, plastics and other getting ready to project drilling products. The machine produces a radiaoperations in that area. Heard in connection were names of King tion field of extreme intensity, Oil and Glen Ruby Oil. Some one several hundred times that are reported contemplating a of the most powerful radioactive deepening of their wells in or- cobalt source now used in industhree-million-vo- lt der to obtain a better oil flow. Yucca Buys 162 Claims; Plans to Ship at Early Date New Mexico Bureau Yucca Uranium Co. of Albuquerque has announced the purchase of 162 claims, averaging about 20 acres each, in the Grants area of New Mexico. Lindsey Green, company secretary reported that the company expects to start shipping ore from the Todilto limestone from the claims within a short time. Yucca has been shipping ore from its Cedar Group No. 1 Mine, four miles northeast of Grants in Dividend Seen for Elaterite Stock mid-Octobe- 60-da- CO. A. HOGLE Lake-Spokane-N- ew ALL & License Approved A license to conduct a brokerage business in the state of Colorado was approved on Tuesday for the Denver Securities Corp., 711 17th Street, Denver. Colo. KURLAND Fire Theft 160 South West Temple M. G. NELL, Manager Phillips Petroleum Building Bus. Phone 47 Hes. Phone Phone 26 Contract Drilling Core Drills Wagon Drills Rates at Competitive Prices MOTORS ent a Jeep! drive eel Station Wagons and Pickups BY DAY, Contact BILL OWEN P. O. Box 586 62 Phone WEEK OR MONTH DISTRIBUTORS Auto COMPANY LATE MODELS Assay and Chemist rORMS OF LIABILITY DRILLING Associated in the enterprise are Richard A. Christiansen and Keith Dibble, both of Salt Lake City. NICHOLS Surety Bonds UTAH lf NELL INSURANCE AGENCY DEAS0N AND r. Aladdin Uranium Co., and Uranium Oil and Trading Co., which were merged into Elaterite Basin Uranium Co., were the first uranium companies in Utah to declare dividends. Uranium Oil & Trading decent clared an initial one-hacash dividend in July 1953 and another half cent cash dividend in December 1953, a total of one full cent. Aladdin declared a one cent cash dividend in July 1954. 4-wh- Complete Insurance Protection Get the Core" We'll Marble DMEA Loan Okehed; Rig Moved s. Performance Atlas Tells Gas Lease Purchase oil-deriv- di-to- rs J. The White Canyon claims of Walters, adjoin eight Atomic Uranium Co. claims in White Canyon. Henderson was director of the Office of Price Administration Survey Denver Bureau (OPA), under appointment by MOAB, Utah Atlas Uranium the late President F. D. Roosevelt. Corp. disclosed today it has acquired an oil and gas lease on a In a telephone communication block of more than 3,500 acres a few days ago, from Francis F. of land in La Plata county, Colo. Knighton, New York financier, Atlas President J. C. Burgess and president of Atomic Uranium the lease includes holdings said Corp., a Delaware corporation, of three landowners on the DurWalters was notified that Knightons office had a cable from Lon- ango anticline, southwest of Durdon. It advised that the London ango in the area known as Ridges capitalist group intend to come Basin. to Utah, and close negotiations Atlas has to drill at for a development program on least one well agreed to the Dakota for26 Walters claims in White Canmation in the next 12 months, yon. Burgess said. The land leased is near the The English group is also retry. route of the Pacific Northwest to some have acquired ported uranium property in Colorado. pipeline. Several miles to the southwest is the Huey No. 1 gas emto geologists According ployed by the company, the prop- well which reportedly is producerty of Walters Uranium is an ing over 30,000,000 cubic feet of outstanding potential in the ura- gas daily. Still closer to the Atlas land is the Hathway well nium area of White Canyon. which is starting a deep oil test. In addition to oil and gas drilling program being carried rights, Atlas acquired uranium out by the Atomic Energy Comrights on property of two of the mission. three landowners, Burgess said. The Cedar Claims No. 1 through 7 in Valencia County, A stock dividend of either five were orgidinally registered with the New Mexico State Mining In- or 10 per cent is to be declared Basin Uranium Co., spector by the La Jara Mining by aElaterite of stockholders to at "Why Pay More? meeting Co. and by Yucca in be held on Sept. 29, it was disJune. closed today by J. Walters, Jr., Yucca reportedly was assigned the claims by Carter and Ribble president. of Albuquerque who had removIt is expected the dividend ed $76,000 worth of ore. will be paid some time about since May. Section The ore, which is shipped to the Anaconda Copper Co. processing mill at Bluewater, also is being produced from the Todilto limestone. The recently acquired claims Circle Cliffs Uranium Corp., In has a carboniferous type of ore north of Prewitt, N. M., were tending toward pitch blende. pudehased from several different Drilling on the claims of MarStock which has .11 about a individuals, Mr. Green said. The ble Canyon Uranium Corp., in month ago is moving ahead with transactions were handled by H, alacrity. It is now around .17 F. Patty of the mines division of Arizona, is expected to begin next Sunland Realty Co. of Albu- week when a rig will be moved a share. on to the property. querque. The claims are in the vicinity The company anticipates a A spokesman for Inca Uranium Poison of Mine of the drill program under proCo. informed us today that the Canyon company is dickering for some the Santa Fe Railway, one of the visions of a $73,000 DMEA loan very attractive Naavjo Indian bigger mines in the Grants area. approved by the government The property also is near land some weeks ago. property in New Mexico. that has been withdrawn for a The performance bond on the DMEA drilling loan was waived this week when the state of Arizona relinquished the first rights & to the royalties in Arizona on operation of the drilling that has PROVO North SPOKANE 35 no state grant. Marble Canyon West 523 University, Spragne Ave., progress has been halted for two York Stock Exchanges Member Salt months awaiting a waiver on the the company performance bond. We Specialize In Mining Stocks It is now possible for Marble Canyon to proceed with drilling, Loans Made on Listed Mining Securities without posting a bond or es2380 Washington Blvd. crowing $24,000 for the bond. The 132 Main Street waiver action came from WashOGDEN SALT LAKE CITY ington early in the week. Four-Corner- Appointment of Leon Henderson, New York, to head a syndicate of New York interests representing English capitalists in exploring and promoting properties of Walters Uranium Co. in White Canyon, was disclosed today by Jay Walters, Jr., president of Walters Uranium Co. ALpine 56 - ALpino 67 1134 Broadway REASONABLE RATES Nev and Used leeps Denver, Colo. Moab, Utah |