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Show January 6, 1956 The Western Mineral Survey. Silt Like City. UUh WESTERN MINERAL Editorial SURVEY Only Men Bitter experiences over the past 12 months have established a mere thought or idea in the minds of mining executives that perhaps geologists, like the rest of the uranium minded populous, are simply guessing when they seek to essay the role of oracles in leading prospectors into the Promised Land. Because they are professional men who have obtained diplomas from a school of mines, the impression has prevailed in due to their many quarters that their opinions are sacro-sanprofessional background. Several important companies have written checks for fabulous fees in the past 12 months for information that backfired and for the company. resulted in a Disastrous results, of course, are not traceable entirely to die uncertain predictions of professional geologists. Good business judgment on the part of mining management is most imct fare-thee-w- ell portant. It is next to impossible to master the details of an intricate indusby within a few years let alone a few months. Still, there are those who are willing to put their money back of uninitiated adventurers in a field where more failures have resulted than have, been successful. CAVEAT EMPTOR1 Let The Buyer Beware. STEELS PROGRESS - NEWS CIRCULATION Phone 431 Church Street ADVERTISING Dl Phone HU Salt Lake City. Utah Entered aa aecond daaa matter at Salt r.tai City, Utah, under Act ot March 3, Box' 1131 AMI KAN TIN PLATE Key to a WON and sna Dtsimm 1879. ... POUNDS OF CANNED FRUITS, JUICES USED PER AND VEGETABLES Well Balanced Diet ir PERSON PER YEAR Most of the tin plate produced in the United States by the steel industry goes to the container industry. More than half of it goes into food cans. The tin can is really a steel can, with a thin layer of tin coating over the steel. The United States now produces about 70 per cent of the worlds output of tin plate. The canning industry is packaging an ever wider variety of foods and beverages in tin cans. Subscription ratea: $5:00 for two year: for one year. Pleaaa mention We tern Mineral SurAdrer-tiilnrey when wriUn to adrertlaere. rate on application. 53.00 Based on data from U.S. Oept. of Agriculture Publisher HARRY B. MILLER Editor GAIL FELTCH Neatnra Editor O. D. QUINLAN Mar. Bnalne FRANCES JENKINS . Contributing Editor L. M. HILL . DENVER New . AdrertUinr Bid. 733 Kitteredye 1950 1940 1930 1920 Circulation Denrer. Colo. For the news of moat alxniflcanoe In the mininr and oil world. All new appearfnr in the We tern Mineral Surrey la obtained from aonrcea believed to bo reliable but no responsibility 1 aninmed for accuracy of atatementa. Reproduction of any material from thia publication muat have written permission from the publisher. 1954 Prelininary. 1954 METAL CAN SHIPMENTS, BUREAU TIN PLATE SHIPMENTS Faulty Batteries? With five amply financed companies actively mining uranium in the vicinity, the area around Grants, New Mexico is rapidly gaining the distinction of perhaps one of the hottest if not the hottest uranium producing area in the Plateau district. Observers, who are in contact with activities near Grants, almost daily, predict the area is going to develop into one of the largest uranium districts in the west. Presently operating there are Pacific Uranium, Holly UraSabre, Pinon and United Western, all mannium, who have had experience in the New Mexico aged by groups Kerr-McGe- e, area. 4.14 (including terns plate) MILLION Utaco 'Holders To Elect New Directors TONS There are plenty of gamblers still hovering around over the counter board rooms of Salt Lake whose reflexes are if the stock is hot Ill buy it". They have little or no regard for potentialities, possibilities of dividends, or other constructive factors that might indicate a substantial company of the future. They are totally committed to a horse that will run fast." Many mining company officials say they prefer more substantial stock investors who feel safer with a steady growth rather than spectacular performance that within a year fades out. They are particularly loathe as to 100 to one reverse stock split ups with the new stock ticketed to appear on the Board at $1, a price that is all out of line with ultimate results, which find the new issue actually selling at 25 cents for a few days, then dropping rapidly to 10 cents. Both brokers and mining operators also are becoming fed bp with flash bulletins that fail to flash because of faulty Bears Watching TOTAL IN 1954 three times our 1920 production 4.99 MILLION TONS 2JI MILLION FOOD Annual MOAB, Utah Utaco Uraof holders' meeting nium, Inc., will be held in Salt TON: Lake City Jan. 26, Secretary-Treasure- r Bill Hines announced 1.54 MILLION TONS today. BEVERAGES n f 017 MILLION TOW 017 MILLION TONS 1954 0.13 0.49 'Source: Based on data from U.S. MILLION MILLION Five directors will be elected at the session, to be held in the Newhouse hotel starting at 10 I lam. TONS TONS Oept of Commerce Seagull Blocks Out Ore, Drills Big Indian Claims Uranium Corp., has close to Seagulls property lines two new faces of ore on its on a deep drill. They are going Waterfall claims in the Big In- down to the chinle sparing no dian District. The findings will Continental Uranium is be explored by diamond core planning a new mill close to Sea- drilling to determine the scope gull property where it will be of the ore body, it was announced possible to refine Seagulls ore by Wallace B. Kelly, president. at moderate cost. Kelly said that Seagull how has 5000 tons of ore blocked out on ' part of one of the 48 claims, Seagull the 48 claims. He said shipments are made each day and the monthly average is 200 tons, with government checks averaging from $7,000 to $10,000 a month. Seagull received a total of for ore shipments taken out of the Waterfall group from $99,-837.- Dec. 15, 1954 to Deo. 50 1, 1955, Kelly disclosed. Kelly said the shaft is down 256 feet and the operation has drifted in from the shaft for 300 feet, with ore showing all the way. There have been some stopes and windows all of which have been mined out. The two new faces of ore are on the same channel on which previous operations have been conducted and some holes have been core drilled out from the top to prove how far the new ore body exside-drift- s, Re Open Mine Park Konold Mining Co. plans soon to complete the drift into . the old workings of their copper, gold and silver property in Plumas County, Calif, on which it is expected to obtain a purchase of the Bradley lead and zinc mine near Telluride, Colo., and progress on the oempany's Red Canyon project. Engineers estimate the Bradley mine has a potential 300,000-tobody of ore worth $30 per ton a present prices. in Red Canyon, Utaco is incline shaft to ing a ore a body that may tap uranium total 23,000 tons. Miners are expected to be in ore within the next few days. n I sink-expens- e. 288-fo- ot ubietibe Hcul Interested In Uranium Activities? Who t? . . . Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. SUBSCRIBE NOW! I 2 years $5.00 year $3.00 Circulation Departments tends. Phillips Petroleum is drilling said company officers will give a complete report at the meeting on current Utaco activities, including the recent Hines I 722 Kittiedge Building Denver, Colorado 42X Chuck SL-- F. 0. Bos 2131 Sail Lake City, Utah NAME ADDRESS CITY-- Remittance STATE Bill mo later |