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Show 6. 1956 Juvuy i Comanche Engineers Report Ore On Additional Company Claims New Blue Goose Upetco Expects Ore Find Within Heads Announced Rtrfae Swe San on Three FARMINGTON, N.M. I w. I icent vanadium. Some other high (Continued from page 1) Valley Anticline. It Is on the readings showed .65 per cent nrasouth side of a natural amphi- nlum and 6.35 per cent vanadium, theater of approximately three These assays were made by the U. S. Vanadium Co. at Uravan, miles in diameter. Roads have been conditioned Colo. Scott did not place a value for operation and on the ore body because the ore a camp set up at the body where mining is now under way. complete outline has not been The operators anticipate pro- - defined by . drilling. However, duction of 1000 tons or more a various unofficial estimates place month with o.timotod net income the value to hundred oi thous- to Comanche of 55,000 to 510,000 ands of dollars, or more. The Cie Dog property was pur-per month. Climax Uranium Companys chased by th new Board of Di- mill at Grand Junction, Colo, rectors after a portion of the has agreed to accept ore on a full drilling had been completed un-pay basis for vanadium as well der an option allowing the com- as uranium. pany to prove out potential val- President Douglas announced ues before purchase. The property is now owned Comanche has acquired 20 addi tional claims in the East Coyote outright with no overriding Wash group, San Juan County, royalties ot options. waif the I 1 I development of the Salt Valley final purchase price. Arthur Blake Thomas, associat- claims. with the Heinecke Brothers ed a Engineers are conducting in the production agreement, is geological surface study of the East Coyote Wash claims as a president of Consolidated-Vir- first step in evaluating these ginia Mining Co, and the Sierra- Nevada Mining Co. With the claims. The East Coyote claims were Heinecke brothers, he operates Corp. prop-without options or royal- - the e of east a La on the Sal, Utah, were erty, for ties and paid to similar of that the basis and along with ing operation Comanches ore body. Cie Dog property. In two years, the Heinecke Comanche engineers report and Thomas are Brothers that the Companys Pine Hollow to have taken ore out of two miles east of La Sal mated estimated are geologically favorable and the to be valued at almost 51 1000, 000. merit exploration by drilling. Partial drilling of Comanches 16 Sand Rocks claims, seven miles northwest of Steens Mi new directors have been named . .. . f j) to the board of Blue Goose Min- (F F- Multinggeoloing, Inc., the company announced today. DeVilUcrs New directors are V.L. Brown, I0 s, ,n San ' L. C. Lumpkins and Robert B. the county Foutz, all of Farmington wSate thick aw Brown, a partner in the law and firm of Tansey & Brown, will be ening again to the BOuthwest , . . th r secretary of the corporation and soutn. a who .ecreUryi. Lumpkin, treasurer ad office manager of will Foutz & Bursum Construction He feels ore ls present and in to ttiethickest Co., will be Blue Goose treasurer, be found Robert B. Foutz, a real es.Vte advised that he SSort . further . broker, is a partner in the firm on of Bennett and Foutz. Marble L. E. Murray of Farmington the Upetco properties in remains as president and direc- - Canyon, mis. tor of Blue Goose, and W. P. A new ore zone has been disvdth samples! sayhig Knight of Midland, Texas, as covered exone foot lover vice president and director. economic significance of the San lafael Swell discovery. A Dallas, concern has shown some interest n the purchase of these claims from Upetco and preliminary negotiations are at present under way. Buraneks report said two ma-o- r oil companies and one major mining company have expressed an interest in the DeVllliers claims In San Juan County, Utah. i The report said an arrangement can be made with one of the ma-o- r oil companies whereby they will be required to drill an additional 8,000 to 10,000 feet to earn a 50 per cent interest. The report said Upetco expects - Farmington and associates. J. L. Foutz is president of Copper Canyon Mining Industries, Inc. Drilling on Blue, Goose prop-erty in the Circle Cliffs of Gar-field County, Utah, recently has blocked out a high grade ore body that engineers say may total amon I 50,000 tons Stocks-Gramlic- h o in the near uture on the 18 Hope and Star claims leased to Noramco and o resume production Associates. mousanasx jercrai ore tons of tftj drift will JJba is to be di City. Ariz. John OWdl. min ng engineer is supervising the mine work. Additional funds have been located to further evaluate the Noramco and Upetco, the report stated, have developed a significant ore body on the Hope No. 9 claim of this group from which many thousands of dollars worth of ore have been shipped. JfPt I The report stated further that Upetco owns 1500 acres in the Potter Block in the Uintah Basin, Duchesne County, Utah, which was originally ac- min-sam- so-call- quired from Buranek on a gratis basis. The report said the company hopes to drill the Potter Block in the spring of 1956. A of one-pe-r cent overriding royalty on 1760 acres is being assigned to the Uranium Petroleum Co. by Buranek, the report said, so that Upetco may participate in a current oil play in the Southern Wasatch Plateau of Sevier County, Utah. This acreage is on what is known as the Old Woman Anticline, now controlled by El Paso Natural Gas Co., Gulf Oil ComMountain States Fuel pany, Company, and Owana Oil and esti-Claim- s, Stocks-Gramlic- h, Vida Mine showed no commercial ore discovery. The favorable geology, however, has created optimism among company officials who feel that further drilling will be necessary to conclusively evaluate these claims As a result of Comanche's favorable cash bank balance, plus its impending recognition as a producing company, many of- of merger have been present- ed to the board of directors. Ihe board is still evaluating these offers but has made no commit- ments. Discussions continue on - Individuals and companies en-- I gaged in uranium exploration and New Mexico Bureau N.M. Mine Leases S" Several firm, related to the oil and gas or mining Industries have filed .applications to do business in New Mexico, State Corporation Commission Chair- man John Block Jr. has reported, Firms chartered, nature of business, principal incorporators New Mexico Bureau land capital structure include: Gulf Coast Leaseholds, Inc, of Starting this week, all appli- 1 Dover lewi driUlng and leases fatiM gferal mining C. oil S. S. M. Peabbles be rejected selling Brwn and the lands aPPlied for will be Put UP for bidding. aptal 1,200,000 with $298723-4state Land Commisisoner E.S. Chemisa Land Co. of Santa Fe walker said that the method will N.M, real estate oil and gas bc the game been practiced W. E. Scorah, H.r. Moore and .with oil and gas leases for many j. w. Kellahin, ca- -Iwtv ci nnn .ij years. I I To be Rejected, Properties Sold I ixts f O C&XlQyj g,,,, fruit &QQ food Naajo chudren. 0 I Assays on ore samples from the Cie Do g claims according to 1 Under the new procedure, a . Geologist Scott showed commer- cial ore readings as high as .73 regular monthly sale of mining L,eKy Sui!Jfuld ,ail per cent uranium and 3.85 per leases will be scheduled. Walker said the sale will be held on the SS nT '?th .'nea.,C?Pltal third Tuesday of each month, the same date set tor oil and m Chemical Corp. of Houston, Tex . lease sales. ining ineraJs and metals, H. Minimum bids will be set at five cents an acre, Walker said. Lee,.H j!4?? a?d capital 00 with He said since the first uranium- J: finds were reported in the state, 51.paid . . a .? Gorp of the land office has followed a oil a!ld mffera policy of awarding leases on the iHf1 basis of first come, first served ?.radt at the minimum rental allowed Gr4r, cajdta $1000 with $1,000 by law. Co The new procedure will mean L.avaIa,ld Ue!!fbs more profit for the state, Walker E. Eichhorst Sr., W. E. Eichhorst said. Jr. and J. W. Eichhorst, $250,000 capital with $120,000 paid in. Inter Americas Sales Corp. of Albuquerque, NIL, domestic and foreign mineral markets, G. G. Rigby, J. M. Meefley and P. H. Dean, Jr., capital $150,000 with $1,000 paid in. 1- i ?ivlonw,1uj;,1dferv I hArizIa I 75-mi- le I I - TUCKER'S AUTO SERVICE ?CCaf L1? MINERALS REFINING M & L RARE EARTHS Jess Tucker, Manager Complete Automotive Repairs, Automatic Transmissions, Carburetors, Ignition Work ALL WORK GUARANTEED 2 1 East 3th South 1 Crager Wire and ALPHA MINING & MILLING Iron Works LARSEN INDUSTRIES 34 East 9th South EL 5-53- 97 Phone HU 1 4-7- 96 Observe All School Signs and Instructions Protect Our Little Tax Deductions B Phone lf The project was spearheaded by H. J. Steinburcer of the' Steinberger Drilling Co. of Roswell. Steinberger said that over 51000 was contributed to make fulfillment of the project possible, Deliveries of the gifts, includ-fer- s ing staple foods, as well as seas- - Gas Co. onal gifts of candy and fruit, Mountain States Fuel Co. is Carly by currently drilling a deep gas and ?is. J76? T fleet of oil test on an identical structure JeP aad at five miles north of the subject Navaj0toreMaLn acreage. The area is south of the important new gas strike of Hub of radius of Three States Natural Gas Co. Inc' operations is the Cameron Trad- at Joes Valley, the report of ing Post located about 100 miles Geologist A. M. Buranek .P1' west of Gallup. an I XX13S one-ha- & D TEXACO SERVICE 1353 Indiana Ave. Phone EM Fast Efficient Service "DRIVE IN, PLEASE-"DRIVE OUT PLEASED " 3-09- 03 |