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Show March 2, 1956 The Western Mineral Survey, Salt Lake City. Utah Page 2 WESTERN MINERAL Editorials SURVEY Experience Essential SILVER BUCKLE The quality of management is most important to consider for people investing their money in uranium stocks. Investors would do well to take a lesson from the experience of investors in securities of well seasoned enterprises. PRESS LORRAINE if raws - circulation PROPERTY 431 Church Street Box 3131 Flume EX ADVERTISING Phone HU Belt Leke City, UUh 708 Experienced investors usually know of die integrity of management back of a security. Entered as second cUas matter at Balt Lake City, Utah, under Act of March X Good management, plus sound experience in mining organization, is absolutely essential to success. $3.00 1870. ratee: for one year. Subscription Other lands controlled by Silver Buckle Mining Co. in conjunction with Fortune Mining Co., Eastern Lead Corp. and Pathfinder Uranium Corp., located near Spokane, Seasoned investors in mining stocks study company reports, particularly with regard to the personnel of die enterprise, financial strength, shown by the balance sheet, assets available, plus knowledge and experience of people handling the property. A romantic story surrounds the entry of Anaconda Copper Company into the uranium field. A particular example of good management is found in the uranium operations of Anaconda in New Mexico. Wash. HARBT Demand Encouraging Morrison Heads Raytomic Corp. Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should Jack Morrison, Colorado be successful, to prevent a lot of money from becoming a litde. Springs, was elected president ofa Raytomic Exploratory Co., Inc., subsidiary of Atomic Research Uranium has ushered in a new era. The svelte uranium pro- Corp., at the annual stockholdmoter of today has an edge on the city slicker. He has replaced ers meeting held recently in Colline of Come and see my etchings with orado Springs. the Morrison gained wide prominthe latest Let s check out my diggings. ence when he and his partners discovered the rich Los Ochos Mine near Gunnison, Colo., two years ago. With total blocked ore reserves estimated at more than $25 million, Los Ochos is one of the richest producers in the entire country. It is currently operated by the Thornburg and Murchison mining interests. Other officers elected to Ray-toni- Board clude: . . 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 722 Kittredge Building 421 Church SL-- P. 0. Bex 2131 Salt Lake City. Utah Denver, Colorado NAME ADDRESS CITY : : STATE Remittance Bill me later Feature Editor O. D. QUINLAN FRANCES JENKINS. New of Director cs in- Will Jurgens, vice president and general manager; Henry C. Mulberger, vice president and Urban C. Remind, secretary-treasureall of Colorado Springs. Raytomic Exploration Co.s activities include one producing mine in Colorados Gypsum Valley, as well as extensive leasing and investigating of other uranium fields. r, Prospectors Die In Utah Crash The bodies of two uranium prospectors were found Tuesday in the desolate last Chance area east of Kanab, in Kane County, Utah. Charred wreckage of a light plane contained the bodies of Gene Hauesler, Milwaukee, Wis., and Kenneth H. Elliott, Minneapolis, Minn., found by a ground search crew. - Business - Mgr. Contributing Editor BUREAU Advertising . Circulation Denver, Colo. Kitteredge Bldg. For tbs new of moat significance in the mining and oil world. 733 - profitable interest in the Am- brosia Lake area. publication must have written permianion from the publisher. Oil Firm Offers Drilling Rights To Major Firms Uintah-Wyomi- Operating ng that agreements would provide Uintah-Wyomin- g Oil Co. with a bonus, royalty, and a drilling program free, have been suggested by management of several major oil companies, it was announced by John H. Morgan, Jr., president of Uintah-Wyomin- 33 13 per cent. are in progress with two major oil and gas companies bididng for the drilling rights to the properties. Mr. Morgan said the situation appears favorable. Trading at four cents a share early in the week, stock of g Company properties include was available three "oil and gas structures in two weeks ago at a cent a share, Sublette County, Wyo., plus oil the company was organized in and gas structures in Emery 1952. Grand and San Juan, counties, During 1952 it advanced In central Utah. price as high as eight cents a has a major share. interest in most of the properties Several dry holes in the Uintah some amounting to 66 23 per Basin brought a decline of intercent, others 50 per cent, and some est in stock of the company. Negotiations g. Uintah-Wyomin- Uintah-Wyomin- g DRIVE IT YOURSELF COMPANY WE RENT TRUCKS By Day, Week or Year 27 Walker Place ufacribe flew! Mo Jljh t? Editor Scott declared this country is All news appearing in- the Weston the center of a great new uranium Mineral Survey Is obtained from bootcm to be reliable bat no responsibilactivity and he hopes to provide believed is Timed for accuracy of statements. Silver Buckle stockholders with a ityReproduction of any. material from tbla ue Interested In Uranium Publisher GAIL PELTCH DENVER Silver Buckle Moves To N. M. Activities ? B. MILLER Ll M. HILL..- Prospecting rights were negotiated on the Laguna Indian Reservation near the mill. Anacondas local manager Jade Silver Buckle Mining Co., of Knabel, an experienced mining engineer, earned on explorations, Wallace, Idaho, has obtained prosleading to the discovery of the Jack Pile ore body. pecting permits on a large part of the Navajo Indian Reservation, Wide spaced drilling beyond this deposit picked up an exand is presently concentrating acposition about one fourth of a mile away. Thus was discovered to tivities in the vicinity of Ambe the largest ore deposit known in the United States today. brosia Lake, N. M. The permit substitute is for There no covers an area near the new uraexperienced management. nium discoveries by Sabre and Pinon Uranium Companies. Silver Buckle's president, F.E. Scott, in a progress letter to company stockholders, said various Securities of companies produdng and processing uranium parties to the venture are conores displayed stronger tendencies on die New York Stock Ex- tributing equipment, personnel and finances. change following announcement that the Government will make lie said supervision of the available in the next five years, 88,000 pounds of uranium, 235. program has been assumed by (40,000 kilograms) valued at $1,000,000,000, for power reactor Pathfinder Uranium Corp. Scotts report said Silver purposes. Buckle has a 20 per cent particiThe Government action demonstates the confidence of die pation in the Navajo Joint VenUnited States in the possibility of developing nuclear power for ture which is organized to prospect for uranium in the southwest civilian uses. Colorado Plateau area of New It is encouraging to western mining interests, as an indica- Mexico and Arizona. tion of a growing demand for uranium ore over a span of years, as power uses expand. tor two yeara; Pleaae mention Wee tern Mineral Bar-ra- y when wrltlnr to advertisers. Advsr-Usin- g rates on application. When Anaconda first agreed to build a small mill near Grants, N. M., in 1951, only a small ore body was known. Additional ore had to be found. tried-sometimes-tr- 88:00 Phone EM 3-56- Salt Lake City, Utah 56 Sandy Metal Works , USED AUTO PARTS 764 West 21st South SANDY. UTAH Phone HU Phone AM 4-76- 5-29- 95 61 WE WILL BUY YOUR WRECKED CARS Intermountain Stamp Works CLYDE AID KABL PAIHIEB, Ownen BRONZE MEMORIALS RUBBER STAMPS MACHINE ENGRAVED PLATES 242 EAST 2ND SOUTH PHONE EL 04 |