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Show KEEP POSTED ON URANIUM 9cr u& y 'igitiicaHtS in The Oil and IHMhq World" Ike Western Mineral Sumy. Salt Lake City. Utah Vol. 27; No. 27 IXL Names P Work ProaX A jrs; oted Charge of Favors In Navajo Deal 1. 1956 Friday Texas American Oil ids First Year of Exploration s. New Mexico Survey Bureau Texas American Oil Corp. re- owns fractional interests in 21 a net oil production of of the chairman ports Paul W. of recent a the Jones, At producing oil and gas wells. Richardson, jlwood meeting a net of barrels has crude Tribal and Ura. chargLuzzell LavoK Council, stockholders of the Kocherhans, Navajo Company crude oil production nium Corp., there was a unani- Robbins, Earl J. Clinger and ed that Secretary of the Interior natural gas production of 9,549 showed increases from 360 net mous vote for the retention of Gladys H. Clinger. Officers: Earl Tred Seaton was influenced by MCF for the fiscal year ending barrels per month as of January the board of directors and officers J. Clinger, president; Parley Pat 'avoritism to other oil companies June 30, 1956. to 2,700 net barrels per 1956 1, in refusing to approve a Navajo-Delh- i as follows: board of directors: Holton, executive news The was the fonth for released the period ending June in Oil Co. contract. Parley Pat1 Holton, Philo T. Paul M. Cragun, 1956. companys first annual report. 30, Lavor P. Kocherhans, secretary on July 25 refused to During the period covered by the Seaton and assistant treasurer; Gladys the contract which report, Texas American was enH. Clinger, treasurer and assist- approve r would have given DMEA gaged in organization and exant secretary. Oil Co. exclusive exploration ploration, including drilling, of and Earl J. Clinger, president rights to almost a third of the its gas and oil properties. 14 vast. the Navajo Reservation for a company general manager of Primary attention of the comperiod. reported excellent progress at the is now directed toward its Fourteen new contracts for companys holdings of between Jones charged in an open letter pany in West Texas and minerals exploration were exe- 3,000 and 4,000 acres which is to Seaton that the Interior secre- properties southeastern New Mexico. cuted by the Defense Exploration situated in the West Erickson did not give sufficient conThe company plans to increase Administration during July 1956, Mining District in the southern tary sideration to the contract. He New Mexico Survey Bureau Tooele A. of of its the Interior Fred county. part acquisition of oil properties Secretary asked that the contract either Seaton announced today. cash and stock exchanges, if Predictions of a rich mineral dif- be reconsidered by the Depart- by at two efforts Tunneling costs of to Total estimated the and possible, plans expand ment of the Interior or that rules development that were first made work to be performed under the ferent sites on the propertya have its drilling and exploration for more than half a century ago total been with a similar for set be very rewarding offering up 14 contracts is $555,936, with the the coming year. are now being realized at Fraser 1000 feet of contract on a of approximately competitive bid Governments participation not Texas American has working Mountain near Taos, N.M. to exceed $318,145. The contracts tunnel being driven. basis. A recent assay report disclosed interest in six wells which were Ore rich in copper, gold, molybwere with operators in nine of with an uranium he when the assay report rejected Seaton, successfully completed as oil pro- denum and silver is being gouged states, and cover exploration proj0.39, with silver and copper in contract, said that attorneys for ducers since January. The most from the crest of the 12,000-foo- t ects for six different minerals. In addition to the new con- commercial quantities. the department have questioned recent of these was a successful xigh peak. A short distance away on a 2,000 acre s a mille wildcat sedia The presence of large tracts, eleven .others have been recently built by the such an agree- block in discovery for the authority which in Midland on dike county the part mentary Evans Mineral upper DMEA Co. which can pronot but approved by yet law. the company owns duce 500 tons a day of ore conexecuted by the applicants. The of the company holdings was re- ment under the existing ras that the interest. centrates. total cost of work under these ported with silver and lead de- The implication contracts is estimated at $207,890, posits of commercial grade being contract was a lese agreement As of June 30, the company The Fraser Mountain group of with maximum Government par- found. and that as such it must be let were first discovered in claims The company plans to complete for competitive bidding. ticipation of $154,028. the 1880s but the rich deposits A list of the 14 contracts ex- a radiometric grid survey and of were never developed copper U ecuted duing July is given below. enter into a comprehensive corp In his letter, Jones continued: because of the drop in copper Climax Molybdenum Co., Cali- drilling program to determine this What concerns me was your prices. fornia, Lead Zinc; American extent of the ore bodies. This will (Seatons) obvious responsiveLeduc Uranium Corp., Colorado, aid in crystallizing engineering Several years ago Max Evans, trustee of our property, Uranium; Burmac Exploration calculations for a dewatering and ness, as a Western artist, and a partthen to what others wish to be done GRAND JUNCTION, Colo. -- ner, Woody Crumbo, became inCorp., Montana, Uranium; Mer- ore access tunnel Several large mining companies with our resources for purposes Directors of Moab Uranium Co, terested in the area while proscury Uranium & Oil Co., New Sam Ted have Mexico, Copper; will go to Lake City, Colo., Fri- pecting for uranium. Smith, recently had engineers on of their own. have Ed Hawk the and Higdon, company properties Mining Co., day to inspect three mining propJones denied that any oil com- erties in which the company is They havent developed any Huskins, Fred Toney and Grady made offers of various kinds for uranium to or of the prop panies have indicated a desire yet but they now have interested. Toney, North Carolina, Mica; a lease purchase an estimated H. K. Riddle, Oregon, Mercury; erty. 3,880,000 tons of enter into leases on the land on C. M. Hickman, executive vice New Jersey Zinc Co., Tennessee, 2 The IXL Uranium Co. intends a per cent copper blocked out. competitive basis as Seaton had president, said the Lake City inZinc; New Jersey Zinc Co., Vir- to use their own capital in carryand silver spection visit will be made as part Gold, molybdenum ginia, Zinc; Vitro Minerals Corp., ing out the proposed develop- stated when he rejected the also have been found in the ore. of the directors meeting to be mental program. Wyoming, Uranium. held in advance of the stockholdMost of the work on the claims ers meeting at Uranium Center in Grand Junction Saturday af- now is being carried out by Taos Uranium Co. Evans Mineral Co. ternoon, Sept. 1. also is working on an adjoining Moab Uranium has a interest in the Gnome, De claim of 19,000 acres, which troit and Golden Wonder prop- Evans says is just as highly erties near Lake City. IXL Ed' 10,-11- 6 vice-presiden- t; vice-presiden- t; Executes Contracts Delhi-Taylo- 25-ye- Old Prediction of Mineral Wealth Coming True ar one-quart- er - Moab : Directors Visit. Properties -- one-quart- er Argon Can Replace Helium In Titanium Production THE ANSWERS WASHINGTON, Aug. 30 TO SOME of the problems confronting the coal industry are being sought by the Coal Research Committee of the House of Representatives. Individual members are currently studying data and recommendations submitted by coal opera-tor- s, the United Mine Workers of America, and government agencies. Further hearings are planned before the 85th Congress convenes in January. Members of the group, which is a subcom-mltte- e of the Committee on Interior and Insular . Affairs, are (left toright): P. John Seated Saylor ( Representatives author of the resolution directing the study; Ed Edmondson chairman; and Wayne R-Pa- .), (D-Okla- .), N. Asplnall (D-Colo- .). Representatives J. Edgar William A. Dawson ; Clair Engle Udall L. Stewart of the Committee on chairman who is Interior and Insular Affairs; and Lee Metcalf Cheno-wet- h Standing (R-Colo- (R-Uta- .); (D-Ariz- (D-Mon- t.) . .) (D-Calif- .), Plentiful argon can be substituted satisfactorily for scarcer helium in certain steps in producing the new metal titanium, the Bureau of Mines reported today following a series of tests with the two nonflammable gases. amounts are used by the Atomic Energy Commission, the Department of Defense, and private industry. Argon, extrated from the Bureau officials commented that wider use of argon would extend the Nations supply of helium and thus strengthen our position regarding this vital commodity. Helium is extracted from some natural gases of the Southwest by the Bureau of Mines and large fields. , 4 atmosphere, is employed exten- sively for welding of certain metals, but cannot be substituted for helium in all shielded-ar- c Comparable tests with the two inert gases in the Bureau-perfecte- d Kroll magnesium-reductioprocess for making titanium were over a period of conducted months at the Electrometallurgical Experiment Station, Boulder n City, Nev. |