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Show of U Library "? fletcS ctf fitcAt The Western Mineral Survey, Salt Lake City. Utah Vol. 27; Mo. 2 Allen No. Significance in The Oil and Mining WcAd" 2 Operations In San Jaun County March 2. 1956 Uraninite Assays 81 ; Has $700Q Ton Value MOAB, Utah MINERS at ore face in new Allen No. 2 mine in Red Canyon, on which Utaco Uranium, Inc., holds operating lease from Lakeside Monarch Mining Co. Working face is 12 feet high, with ore on each side, top and bottom of tunnel. incline shaft on Allen No. 2. Ore was reached at approximately 280 feet, and each round now is breaking loose from 45 to 505 tons of ore. Operation employs five men. LOOKING up well-timbere- d 23-degr- ee One of San Juan County's newest uranium mines this week struck a hot streak of uranium ore assaying about as rich as concentrates from a smelter. The extent of the strike is not known. A single sample ot ore from the new facing of high grade uraninite (crystallized variety of uranium) was assayed at 81.183 per cent from the Allen No. 2, 65 miles west of Blanding in Red Canyon, Utah. Utaco Uranium, Inc., owns the operating lease on the property, which is owned by Lakeside Monarch Mining Co. who have a 30 per cent royalty. Ore samples were assayed by J. Earl Smith, Smith Laboratories in Moab, a firm certified by the AEC. The assay report was confirmed by various sources. F.lli Cook, office manager of Lakeside Monarch, told United Press that Utaco, Too! samples from nearby areas assayed at much lower percentages. He said the extent to the vein will not be known until actual mining starts. In a telegram to stockholders, MOAB, Utah A well in OklaWilliam Hines, Utaco mine fore- homa . being drilled as a joint man said the ore vein was esti- venture of Ranger Uranium and mated to measure two by eight two other companies has encounfeet. Hines pointed out that the tered a gas flow of over 1.5 milvalue of this grade ore in quan- lion cubic feet per day, it has tity would be in excess of $7,000 been reported here. a v bonus. 'Word' of the gas strike came from Jack Smith of St. Louis, Richard M. Mohler, president Mo., president of Red Bluff Uraof Lakeside Monarch, reportedly & Oil Co., and Morris Fein-ber- g nium said the extent of the ore body Oklahoma Well Gas Flow Told ton-excludi- IIOISTMAN dumps slusher pulling ore up incline shaft of Allen No. 2 mine. Property has ore body estimated at 15,000 a blocked-ou- t tons, with another 8,000 tons inferred, on only one-fift- h of one claim. , STOCKPILE of Allen No. 2 mine. From 50 to 80 tons now are being trucked each week to the AEC mill at Monticello over steep, twisting mesa country roads. Shipments soon vill be increased to keep up with production. Four Producers . . . Monte Carlo Buys Montana Oil Field 1. Purchase of the Brady Oil Field, consisting of 1400 acres on the South Sweetgrass Arch in western Montana, was announced today by Carl R. Ferderer, president of Monte Carlo Uranium Corp., at his office at 708 Building, Salt Lake City, New-hou- se Utah. The oil field is east of the main Pondera Field and includes four producing wells, of 20 to 30 barrels of oil per day. Mr. Ferderer announced a fifth well (uncompleted) has recovered several barrels of oil on test, after it was drilled to the Sunburst sand. Monte Carlo has acquired three leases with five wells in the Sunburst sand. He said the Sunburst horizon is only 1450 feet deep in the field, with a 35 foot sand section, over half of it saturated in the present wells. Mr. Ferderer also disclosed negotiations by Monte Carlo, to buy a producing oil lease in the East Coweta oil field of Waggoner County, Okla. He also pointed out, Monte Carlo has a uranium ore body or bodies, on its Jupiter claims, - - was not known, "however, indications are that it is going to be good . . . we're very excited. Mohler and his brother Robert, vice president and general manager of Lakeside, are original discovers of the property. In a joint release from Utaco and Lakeside Monarch officials received by the Survey earlier in the week, the Allen No. 2 is reported to be producing ore at the rate of 50 tons daily with miners working a 12 foot face with ore on all sides. The mines, according to the report, has a blocked out and inferred ore body valued at more than $900,000. comMiners reached ore late in Company mines, southwest of feet thick. Five holes had mineable than mercial oil of less Green River. January, after sinking a 23 dewere two holes while 15 were holes said thickness, gree incline shaft about 280 feet, Management said. he not drilled enough, 300 to 150 he ofifcers said. deep feet, drilled, spaced commercial management Ferderer First shipment was made to eight of which are in grade ore from two to over 10 & Metals Corp., in the next six the AEC mill at Monticello Feb. drill- 10. Between 50 and 80 tons now weeks, will begin additionalblockinthese-claims- , on a are being shipped each week, and ing on a under drilling g-out Mobilises pattern, production over that amount is Monte contract with out farm being stockpiled. Carlo. "Production is averaging 50 Colo. tons each working day with a five Monte Carlo is to have 82 Atlas Uranium Co. today an- per cent interest in the producing man crew. lease of the Brady field. The Drilling on the Allen No. 2 nounced its new 100 ton lead-zin- c 12 a summer blocked out an ore retain last per mill is being moved from storage landowner will cent 5 a per body estimated at 15,000 tons. An in Montrose to Crested Buttes, cent royalty and held independent engineers report overriding royalty will be Colo., Gunnison County. Petroleum said an additional 8,000 tons can Corp., J. C. Burgess, Atlas president, by Phillips to hooked is be inferred.' up whose pipeline said workmen are cleaning the The well. each at It is pointed out that only one-fift- h tanks mill site and arrangements are storage Philto 42 is of one claim in the 13 claim gravity selling completed for building a power oil barrel. group has been drilled. lips for $2.99 per line to the location. In the wire from Mr. Hines to President Ferderer said laboraHe also disclosed that Atlas Sunburst sand stockholders it was noted that has acquired 260 acres of coal tory tests show the san-frac treat- Utaco will soon be shipping 50 to for suited land at the mill site in addition ideally 100 tons a day to the AEC mill at of method completto extensive lead and zinc prop- ment, modern Monticello. ing a well or increasing producerties. Hines said high grade ore is The company will mine its own tion of old wells.he The present were said,' being saved for separate shipwells, anthracite coal for mill fuel, Bur- producing sand-fracement d from the commerical ore. when completed. not gess said. He also said a track is being Ferderer said manaement The mill is being built so that laid and additional work is in addiof acre spacing capacity can be doubled if neces- plans 10 to increase future deto progress an effort sary. Burgess said it should be tional wells in June 15. velop the potential of the field. for said Atlas near the Four Corners Uranium ready Mill operation by of St. Louis, secretary-treasure- r of Red Bluff. Red Bluff, a Missouri closed corporation, is a partner in the venture with Ranger Uranium and Utaco Uranium, Inc., of Moab. Smith and Feinbger informed officers of the two Moab companies that the well struck gas late last week at around 1,000 feet. Flow has held steady since then at a rate of over 1.5 million cubic feet daily, they reported. The well will be continued to a deeper formation in search of oil. Ranger and Utaco officials were informed. The well is on an tract in Wagoner county, Okla., in the Redbird district. 80-ac- re Bentonite Mill Planned For Utah , Wyo. of Bentonite Corporation America today announced plans to build a $60,000 processing plant at Thermopolis, Wyo. in the near future. A similar plant will be built at Redmond, Utah in Sevier County, according to Leon Frazier, Provo, president of Bentonite. Frazier said operations on the Thermopolis plant will start during March if weather will permit. He said the firm has about 1600 acres of land under option near the Wyoming town. The plant, he added, will be located north of town on the railroad and will employ six persons. Clay from the Redmond plant will be used in the San Juan Basin for the Four Corners area, Frazier said. |