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Show ' .,. "' mura f&mMfimsm' -- r e ; '' , ' ' .vcw. .; '' ... Vel. 27. No. 51 Jb i texas locates aneth wildcats . . Co. today announced two new wildcat locations in the Aneth Field on Navajo tribal lands in San Juan County. One is a reworking of a hole plugged and abandoned at 7,905 feet July 24, 1956. Designated Nathe well is at vajo Tribal H-elevation in Secfeet 5,002 ground tion 7, Township 40 South, Range 26 Ea3t. The other location, designated is at 4,702 feet Navajo Tribal G-Section 18, elevation in ground Township 40 South, Range 24 East, company is building road3. ex- cise the option to merge with ploratory drilling. Last year St. Regis, participat-stea- d Radium Hill Uranium, Inc. In- to back take elected ing on a 50 per cent working bathey with loan the interest, sis, drilled a dry hole on one of of $40,000 These loan payments are now be- - two oil leases in Washington ing made as scheduled, and in a County, Colo., thereby obtaining very short time this entire loan a 50 per cent working interest in both leases totaling 160 acres. The will be repaid. The report goes on to say the dry hole was drilled on the east management has also invested 80 acre lease, which did not U. S. Treasury elude possible production on the in y notes and intends to invest an--1 west 80 acre lease, other $25,000 soon in these same l, 4, 000 91-da- LeftY ONeill ModemisinS O Due to extreme cold weather and heavy snows, the report con- tinues, the Lone Pine Mine was1 closed down for the winter. This mine produced a gross value o 1 T Industrial mprovements UringO 1 in uranium and over cz Lf u"uner faiiiof'i4uaring Concerned All For LLJ Better Living V Company officials said they are $40,000 J va- - d 4 IHiy CD ZPZ LLJ attempting to negotiate a new por some years now we have lease on the Lone Pine with better been reading of expansion and equipped mine operators. They modernization of the nations would be responsible for produc- - gteel mills In the years from 1947 ing the Lone Pine No. 1. and the LQ 1955 for instance, the idustrys opening up of the Lone Pine No. capital investment was exactly 2 which showed by a 1956 drill- - doubled, from 4.7 billion dollars and the ing program to contain an above to 9.4 bilions urauluu, coutent by che-n- . leal assay. In the opinion of maIn8 one 0f the most breath-Jinkgeand engineer company taking building programs in biore Pine dustrial history. In fact, it is ologist, that the Lone to tonnage could be increased con- - too vast for most of us be- if operated on a larger prehend, and its implications we when come more clear only scale with better equipment. a to harrow the focus down The companys other property sjngje gteel worker and observe in Utah, the Squaw Park No. 1 what these changes have ment in his life, liberty and pursuit I up-avera- ge s, 00m-siderab- ly -- Pre-Concentr- white-ho- t sem-finishe- v land station wagon and go hunt-n- g or fishing with his boys on and leave the his time off o Lucky Me OKs Corp, Pact Milling M?eemont Co. With Utah Firm interest in ap n jBIVTmW-atioFirst ores are to come from property held by the National B iSLdlation of 'the will acquire a half acres of lane mill, to be in operation before proximately 50,000 spring, will be under direction of hn the Grants area in return for Dr. B. S. "Whittingham of Badio ronducting xpi0ration work. Chemical, the man credited for A program of surface geologies the most part with developmentdrilling, of the process, and Leland O. Gil- surveys and exploratorytwo years lice, working through Metco, Inc., which may extend for at the in started a Nevada operating company or more wni be Reno. near future. United Western J.' 60 per cent of the acreage, alysts is reported able to econom- about Mex-as- . ically handle uranium ores as low- The Grants district of New 01 per cent. Design of the orig- lcQ has become the leading sec- inal mill will enable enlargements for discovery n of the county from time to time as conditions uranium warrant. n VtS . d ... a . uKMcSS: , Says Hall man-pulato- r, n With miilipS For Exploration a Stattac.. ; i. jf ate be-net- h sedan for Mrs. Lefty to run around in. It means the ONeil ioys are pretty sure of going to while their dad wen college ;o work after eighth grade. And t means that Lefty comes home getting with enough energy iq him to work around his new home, play . with his young sons and take C i in llOlCICrS more interest in being a good jl21IQ. ulgU Shriner. For Mrs. ONeill, it means havPViilllTK PetTO ing a home of her own, a car of wall even wall-t, her own Co. carpeting! And when the two a cars are paid for, she will have a. Aiva her kitchen enlarged and reN M SAOTAi furnished perhaps even get. a Fe new refrigerator! Santa Co. of .. ester eom. announc y ment of still another uranium processing plant worthy of therevolutionary category classifi- cation, based on spectacular laboratory success. The Initial commercial scale unit of 50 torn capacity not an upgrader, but a complete process ing mill with theydlowcakeend product acceptable to the AEC will be constructed on a site under J. Whitney getter lease from Desert Mines. Inc., on PW. & Millers Flate in the Tonopah, Nev., 'jafinto Petroleum New Ymk mining district by the Benjamin Corp., a Michigan firm headed by sabre-Plno- ' ' The small uranium miner must average mill in the United States develop an economical method of will not be able to compete with ore preconcentration or go out of larger mills of 2,000 to 3,000 ton business, warned William B. Hall, per day capacities, to say nothing president of Vitro Uranium Co., of a 10,000 ton per day giant now Salt Lake City. planned in Canada, Hall warned. National before To help solve these problems, the Speaking Western Mining Conference last he urged greater cooperation beweek in Denver, Hotchkiss out- tween industry and government in lined the economic problems fac- the development of a cheap but ing the little man in the urani effective method of ore preconum industry. centration and the creation of a Most lead, zinc and copper ores better balance between explorare preconcentrated at the mine ation and utilization and developto lower freight C03t3 and produce ment and conservation of our nata higher grade feed to the final ural uranium resources. Such a preconcentration method processor. This provides increased for miner smelter the and increase the mill capacities would profits and benefits all of us by conserv with little capital investment, ining natural resources, Mr. Hall crease profits to miners and conserve natural uranium resources, pointed out. However, the uranium industry, It will also preclude the possiborn in a national emergency, has bility of the Colorado Plateau begrown spectacularly without the ing dotted with uncompetitive opportunity to consider these as- gh03t plants when present purpects of development and conser- chase contracts expire. vation. Part of this problem is due to the government regulation and Co. widespread restriction of infor- -- I . - 10 Cents mation, Hall said. steel passed Government sponsored develophis platform. He went home ment of uranium ores has been an hour eight pretty tired after successful. However, a lack of shift. facilities has forced minmilling in Four years ago, he started ers to sit on their ore, he added. ;he new blooming mill as a If miners oant sell ore, they sitting at the controls cant get money to explore for in his air conditioned, pulpit more and build more where he works in comfort with mills reserves and it might be added that 41,000 ' pound v ingots: Where the old mill turned out 996 tons o the government cant be repaid loans steel in eight hours, for previous exploration the new, modern equipment pro either. Uranium mill operators have duces 2,875, nearly three times too. Once guaranteed and all concerned problems, as much contracts have expired, the price make more money. For Lefty ONeil, this has meant buying the house he always wanted, instead of renting. I las meant he can take his seconc the of happiness. Take the case of Lefty ONeill as is portrayed in the current issue of Steelworkers magazine In the old slab mill, Lefty spent his days standing at the controls, rolling 15,000 pound ingots and a hot foot every ime Radio Chemical Corp. of Los Angeles, headed by R. H. Brack-- 1 enbury, has announced develop-- j fiK j J - v- - :.tw The-Texa- s pre-$50,- CD A.;"': v.... nm Aneth Wildcats Activities state that they did not exer- - opment work and additional CD 4 . '. v-- a Corp. Texas Go. Finds Small Uranium Mines Must l. J?' .. . .: Salt Lake City. Utah. Friday. February 15 1957 In a progress report to stock-iw- . joining claims, were leased member to Sandy Sterns & holders of St. Regis Uranium in Corp., the directors of the com- - Associates who plan further devel-pan- y fir 7,vl.- ;' r ...' -- fitodt Significance in The Oil and filining World" fs Reports Re' tit. A&'fy. 1 SL Elegis Ur ' Contracts' RIVERTON, WYO. Co., Construction with the Utah and oper for mining, construction ation of the $7 million processing been plant east of Riverton haveof the approved by stockholders Lucky Me Uranium Corp. stockIt was disclosed at the holders meeting that the Atomic Eenergy Commission may require the new plant to mill ore stock' piled at Riverton. the of out The ore would come custom quota of the mill, which varies from 40 per cent of the mills capacity during the firs year. Texota Reports San Juan Discovery Texota Oil Co., Denver independent, has made an important discovery of oil in the middle Paradox sector of the Fish Creek structure 18 miles west of Bluff pool in San Juan County, it was announced Tuesday. Earl Af. ' Henderson, former Utahn and Texota president, said excellent show3 of free oil were feet (tofound between 1,892-1,91- 7 well tal depth) in the although testing was made difficult by lost circulation material originally placed in the hole. The test recovered 10 feet of drilling mud. Oil heavily oil-cwas good live and green, said Mr. Henderson. Texota is running 5 inch pipe to the top of the productive zone shutting off lost circulation area. The well will then be deepened into the Para-doand tested. eManwhile, Texota has located its No. 2 Federal H a3 a validation of the Devonian formation 730 feet from the east line and 1870 feet from the north line of Section 14, Township 38 South, Range 20 East. Texota, with Ambassador Iil of Fort Worth, holds 20 per cent interest in 31,000-acr- e Fish Creek Unit. Three States Natural, Reynolds Mining and Great Western Drilling hold remaining interest. Atlas Reports Contract Award ut -- GRAND JUNCTION, Colo. Atlas Uranium Corp. said today work will start at once on a $73,603 DMEA contract awarded ast week to Bleak Uranium Co., Atlas affiliate. Approval of the DMEA contract, Jor exploration of the companys Piccolo Pete claim group in the White Canyon district of San Juan County, Utah, was announced in Denver Feb. 9 by the Defense v Minerals Exploration Administra tion. Atla3 general estimated cost total said manager, of the project is $73,603. Government share is $55,202, with the D. L. Herrick, company supplying $18,501. Herrick said 'the DMEA contract calls for 26,352 feet of drill-ng- . Drill depths will vary from 230 to 775 feet, with all holes going through the Chinle formation. A drilling contract now i3 being negotiated and access road work will start as soon as possible, Herrick said. The Piccolo Pete grpup, totaling 29 claims, i3 about two miles down-channfrom the Happy MinJack mine, which Texas-Zin- c erals Corp. bought last fall for a price reportedly in excess of el 0. Park City Mines Gets $18,846 As Share of Profits Park City Consolidated Mines to the campanys report, has received a check for $18,846.77, as their share of the profit from the Keystone Mine and Mill located at Crested Butte, Colo, and operated by the American Smelting and Co, according fourth-quarte- r Refining Co. During the quarter, 17,858 tons of ore were milled and 858 feet had of development work completed. Uranium previously Bleak on Large scales and other plant spent nearly $100,000 in work were made costing additions the Piccolo Pete group, and found ore shows assaying up to 3 per The Keystone Mine and Mill are cent (correct) uranium oxide in at 9,300 foot elevation and the drifting. A camp already is located winter has been rough, although tonnage has been rough, although on the property. $15,-000,00- $12,-40- 9. |