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Show September 2, 195S Western Hemisphere Builds Blue Goose Drills In Page Five The Western Mineral Snnrey, Salt Lake City. Utah Garfield Area Survey Denver Bureau MOAB, Utah Blue Goose Mining, Inc., has contracted for preliminary drilling on its Blue Goose and Lucky Lady claims in the Circle Cliffs area of Garfield county, Utah, J. C. Goode, and secretary, said tovice-preside- ' ;;v Up-Gra- Mill de a V - By O. D. Quinlan Events are transpiring in the affairs of Magnolia Uranium that warrant close observation. Plans are widening out as big interests are surveying the companys potentialities. nt day. The drilling contract has been awarded Pollard Brothers, Goode .... said. Green River Uranium is reported shipping ore regularly. Company is in the black, has a sub- Don Sargent of Grand Junction Colo., a Blue Goose director and stantial reserve in the treasury and is definitely attracting the attention of large financial consulting geologist, will be on the properties to do mapping and evaluation work. groups. Blue Goose is a Colorado corporation qualified to do business in Utah and New Mexico. The companl holds title to 14 claims in the Blue Goose group and eight claims in the adjoin- THIRTY DAYS TO OPERATE-N- ew ore upgrading mill nearing completion at Cold Hill, Utah, 50 miles south of Wendover, Nev., is expected to be operating in 30 days, says R. E. Somerhalder, president of Western Hemismill builders. The mill is phere Mills, Inc. equipped to upgrade copper, tungsten and uranium. ing Lucky Lady group. Blue Goose also now holds an option on 11 other contiguous claims. L. E. Murray, Farming-ton- , NM., Blue Goose president, said negotiations for acquiring another group of adjoining claims are nearly complete. WE WILL BUILD IT Says Western Hemisphere Mills, Inc. At the upgrading ore mill site at Ferron, Utah the company built ths artificial reservoir to supply water for operations. Water was diverted a distance of 25 miles from surrounding mountain areas to create the reservoir. Mid will open this fall. Plan Intensive Drilling U-Ne- N. M. Firm Seeks Iron Smelter To Hunt Ore In Ouray va Walter E. Cosgriff, president Uranium Corp., in a ground following the middle of The Western Mining and Mill- recent letter to stockholders said one of these channels. In order to have access to all ing co. of Albuquerque has an that N. B. Crawford, company nounced that studies are being the ground, the field mining engineer, has parts of made to determine the feasibili- consulting crew, according to Crawfords ree conducted a geological of an iron smelter in ty building over the Ouray Group port, has constructed approxithe Caballo Mountains of New of claims in Uintah Basin. mately three miles of trail roads to and on the Mexico. in His purpose is to correlate the Uintah Basin. Ouray Group The plan would be to refine e ore deposits from nine beddings with those exposed on In preparation for systematic disclaims on the west side of the surrounding property and to exploration of a Shinarump exmountains. A spokesman said it cover the extent and courses of posure on the Templer and Birds is not economical to ship out stream channels. Eye groups, and of the Morrison e the ore but that it Crawford is quoted as having formations on the Vera and Bee might be to ship out milled iron. observed a persistent high back. Groups, in that area, Crawford reported removal of the field crew and equipment to Green River, Utah. Oil Crawford, with three assistants is mapping the properties prep, atory to an intensive drilling k program. New Mexico Bureau He also reported his group is The Bernalillo County District Court in Albuquerque has investigating surface showings of been 'asked to allow the parties to a farmout agreement on ura- uranium ore existing on the propnium prospecting permits to be exempted from performing the erties. in his letter, pointed terms of the agreement in view of a new law passed by the 1955 outCrosgriff, that Crawford is one of the legislature. leading consulting mining engiThe agreement, dated Nov. 2, changing the method and manner neers in the Western Hemisphere 1954, was signed by Tom Bolack of acquiring mineral rights on vith 30 years experience. of Bolack Oil and Gas Co. and state lands, according to the comThe letter said an intensive Pubco Development, Inc., of Al- plaint by Albuquerque Associatbuquerque. It provided that more ed. than 52,000 acres of prospecting "Through no fault of petitioner the in Bolack held or by permits defendant, the new law makes western half of New Mexico It impossible to carry out the S. L. would be farmed out to Pubco for agreement, the complaint said. 13-1- 4 The suit said that Pubco has exploration and development. Bolack later assigned his inter- rejected Albuquerque Associaest to Albuquerque Associated teds request for cancellation of Preparations are now being Oil Co., which has filed the suit the agreement and insisted that made for a Congressional hearagainst Pubco, asking that a the contract be performed as ing slated for Sept. in Salt declaratory judgment be entered written. Under the 1954 agree- Lake City. relieving Albuquerque Associated ment, Pubco agreed to spend at The purpose of the hearing from the agreement. least $16,000 in 10 months in ex- will be to determine whether or Since the agreement was sign- ploratory work on Bolacks pros- not there exists a need for ed, the legislature passed a law pecting permits. amending the Federal Securities Act particularly in respect to mine financing and more specifiWe want Oil and Gas leases, formants and cally directed toward uranium activities. Sam G. Spal, staff member on drilling lease deals within 5 mile radius of and Finance was in new gas line in Colorado and Utah. If you Commerce Salt Lake City early this month. have acreage, please send all particulars, He stated that some committee felt that some form of lease description, acreage, price per acre, members amendment to the Act was needterms of lease, any known geology, etc. All ed to afford investors greater n and provide a measure to information strictly confidential. Write insure more efficient use of funds raised from the public in exploration and development of mining of U-Ne- va recon-naisanc- low-grad- low-grad- Pubco - Albuquerque Associated Enter Trial On Bolack Lands Congressional Probe in Sept. 13-1- 4 pro-tectio- Minerals Development Corp. 414 Darling Bldg. Phone Stocks To Watch Salt Lake City, Utah 22-35- 17 properties. The committee will endeavor to obtain the view in respect to these matters from state officials, investors, brokers, operators and other interested parties. A similar hearing will be held in Denver Sept. 8-- 9. drilling program of companys mining claims, will be started soon and in Cosgriffs opinion, the properties possess "outstanding possibilities for the discovery of large deposits of high grade uranum ore. Mira Boasts Four Geologist Officers One of the newer uranium companies in New Mexico, the Mira Uranium Corp. of Socorro, boasts four geologists as its top officers. are Dr. Waldemere , Bejnar president; Wallace Clark, vice president; James Johnson, second vice pres-den- t, and Katherine Bejnar, secretThe geologist-officer- s ary-treasurer. The companys stock is being sold at $2 a share. Dr. Bejnar said its holdings consist of about 500 square miles of state land in Harding, San Miguel, Guadalupe and Quay counties. a Spanish Trail stock advanced cents a share on to about .10 the over the counter market this week. Spokesmen for the company indicated a deal is pending with a Texas outfit which may be signed this week end. Consummation of the deal would mean Trail could receive Spanish some concessions on drilling for uranium ore, plus an interest in a good oil company. Sept. 17 has been fixed as the closing date on the public offering of Numex Uranium stock. Stock certificates will be piailed during the week of Sept. with trading scheduled to begin Sept. 26. The offering was at three cents a share. Since the public offering was initiated Numex has acquired what is reported to be valuable nickel and oil gas properties in Canada. Companys uranium claims are located in New Mexico. 19-2- 3, Fred Kuhn, president of Arrow Uranium, said he hopes to have a progress report ready Oct. 1. Vitro Minerals Corp. is doing the drilling and exploratory work for Arrow on its Indian Creek claims in San Juan county, near the Royal Uranium and Moki Uranium properties. Assays of ore from the five claims on which Arrow is working have shown according to Kuhn, from .30 to .35 per cent ore. Arrow has money in the treasury which it has been able to conserve because of the tie-iwith Vitro. Kuhn rather expects something big and said he hopes it will be this month. n |