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Show September 9, 1955 Tbe Western Mineral Survey. Salt Lake City. Utah Brief Mountain Mesa History-ShowUpward Climb s n The fantastic aspects of dollar uranium financing have been disclosed in a letter to stockholders of Mountain multi-millio- Mesa Uranium Corp., signed by L. O. English, secretary, on behalf of the Board of Directors. The letter tells in detail, the manifold maneuvers and arrangements that preceded the agreement by Floyd B. Odium and Hidden Splendor Mining Co., a subsidiary of Odiums Atlas Corp., to take care of Mountain Mesas obligation to pay Ca Uranium Corp. $2,800,000 on October 12. The amount is final payment on Mountain Mesas purchase of Cal Uranium properties. . An initial payment of $200,000 was previously made by Mountain Mesa. The money was also provided by Hidden Splendor Mining Co., a wholly owned subsidiary in Odiums vast empire of corporations. The total purchase price for Cal Uranium was $300,000. This stockholders letter is an illuminating document carrying the title How Does a New, Small Company Grow to a Relatively Large Company in a New Industry, Such as Uranium, in One Year.? Eminent legal talent, experienced authorities on large scale securities transactions, and the best informed geological talent available, participated in unscrambling a myriad of obstacles in the path of the stupendous deal that made Mountain Mesa Uranium Corp. nationally prominent in uranium affairs. After a modest start in the spring of 1954, the company was then organized after a Regulation A application was filed with the Securities and Exchange Commission so that funds could be obtained. Daybreak Gets Second AEC Buying Contract Daybreak Uranium, Inc., continued its climb up the production ladder this week with an added boost from the Atomic Energy Commission. The company has obtained the second purchase contract from the AEC for an additional 1,000 tons, equal to 20 railroad cars, of ore from the companys property in western foothills of Mount Spokane. The company can easily mine and ship a car of ore daily, Kae H. Sowers said. Mining costs are Faye Seven Unofficial Copper In North Tintic Mineral Materials Report Strike In Green River Unofficial reports reached Salt Lake City today that Mineral Materials Corp., has made a gooc ore strike in the Green River area Texas south. adjoining properties o:: Uranium Corp., on the Horse Thief Canyon Uranium Corp., is carrying out a drilling and exploratory program for Texas. Mineral Materials is reported to be blocking out ore. Several geologists who have looked over claims of both Mineral Materials and Texas, say the entire area is heavily mineralized and a good anomaly prevails in the vincinity. Mineral Materials is a large firm which has been exploring and prospecting in the area for about two years. It has headquarters in Alhambra, Calif. Spokesmen for Texas say they are optimistic ore channel discovered erald Materials extends as property. Uranium that the by Min, into Tex- Stock of Horse Thief Canyon is still in the public offering stage at five cents. The company has 6,000,000 shares of stock. CHECKING COPPER HILL Ben H. Bullock, president of Utah Galena Oil Corp., and Ray D. Steele, director view area where huge tunnel will be driven into the mountain. Bullock states new development work will soon start in North Tintic Mining District, Utah county, Utah, by his company, Delmarva Oil and Mines Corp., and Syndicate Oil and Mineral Co. Surface findings indicate presence of a large copper ore body in Copper Hill, he adds. New Issue Uranium - Chemical CORPORATION 1250 tons of ore from Morning Sun. Inc. Morning Sun recently consolidated with Daybreak under a share for share merger deal. Stockholder of both companies approved the merger. Daybreak completed its first AEC contract for 500 tons of ore in late August. Assays from the Salt Lake City processing plant on the first three cars showed an average uranium oxide content of 0.35 per cent, worth $54.75 a ton. Development work at the Daytotaling approximately $1.50 per break property now indicates an ton. ore body more than 900 feet in John F. Campbell, company at- length, according to Kae H. Sowtorney, said there is also a possi- ers, an official of Morning Sun bility that the AEC may purchase and Daybreak. Ofiering TO LAKE MEAD Special regulations opening lands within the Lake Mead na- tional recreation area for uranium and other hardrock mineral exploration are now in effect. The action was taken recently by the Department of the Interior to permit development of uranium deposits believed to exist in the area. tary 1,000,000 Shares of Common Par Value GAIN ENTRY Clarence A Utah Corporation Davis, acting secre- of the Interior released the report. He said the area affected includes a strip varying from 6 to 25 miles wide on both sides of the Colorado River extending from Bullhead City to the edge of Grand Canyon National Leasing units will be limited to Per A( ( Offering Price Stock Share The CORPORATION owns 100 interest in: (1) Tested gold placer, titanium and circonium deposit, Idaho; (2) Trade Mark and source of raw material for manufacture of proved fertilizer and organic soil conditioner product; (3) 82 Uranium claims, Grand and San Jaun County, Utah, arti gold-slive- r (4) An option on open-pi- t deposits, Nevada. This stock is for sale only to bona fide residents of the State of Utah. This announcement is not an offer to sell or a solicitation of an offer to buy these securities. Such offering is made only by the prospectus. J. Offering Circular May Be Obtained Fiom C. Hansen & Associates Selling Agents 308 PHILLIPS PETROLEUM BUILDING TELEPHONE Please send me prospectus of PORATION. SALT LAKE CITY. UTAH 94 URANIUM-CIIEMICA- COR- L Name Street and No City and State 640 acres, with a minimum two er cent royalty, he continued. y Requests from the Atomic Commission and numerous prospectors pushed the passing of new regualtions. En-erg- DESERT The Rocky Mountain Minerals Conference is scheduled for a meeting in 9,830,000 SHARES AT CHRIS 8. METOS Offering Price Principal Underwriters 529 Newhouse Building, Exchange Place 09 This stock is for sale to bona fide residents of the State of Utah. Sales effected only by means of the offering circular. WILLIAM President 306 NESS BUILDING MINERAL 600-- B GEIGER CORE BOXES Mineral Engineering Company D. COCORIMS Vice-Presid- PHONE Par Yalo SELLENEIT BROKERAGE CO, 5-71- Inc. Per Shore COUNTERS Dial Securities 8. attend. f General Salt Lake City in October. The meeting will be held in the Newhouse Hotel Oct. Representatives from the mining and oil industries throughout the intermountain area are expected to 6-- OFFERING TO THE PUBLIC Utah tacky Mt. Meet Set two-da- y URANIUM CORPORATION Announcing Hie Opening of 79 SALT LAKE CITY UTAH UTAH GENERAL SECURITIES, INC., a brokerage firm specializing in uranium underwritings, oil and mining stocks, has opened offices in the Ness Building. The firm has been approved by the Utah SEC, the Federal SEC and has received its membership in the National Association of Securities Dealers. For reliable investment information and stock quotations, use the facilities of this firm . . UTAH GENERAL SECURITIES, INC. Phone Salt Lake Upgrading Plant PHONE 84-02- 21 Subscribe Today To The Western Mineral Survey |