Show VAST development 1242 CAMPAIGN INVOLVES DRY VALLEY CLAIMS NEAR MOAB the united states company own era of the dry valley vanadium claims and mill in dry valley south of moab have acquired control of other extensive vanadium properties in western colorado and an extensive development campaign is to be undertaken according to news received from denver the grand junction sentinel of monday gives the following account oj the consolidation ot the various vanadium properties vast quantities of vanadium ore in deposits in western colorado and utah are to be developed las a result of consolidation of vanadium interests of the two states and the construction st of a large refinery is planned either at denver new castle or rifle some of the gateway claims are included in the transaction which brings most of the claims of this section under the control of the united states company now operating the large plant at rifle the plan calls for a program which will make possible the production of sufficient metal to supply the entire needs of the worlds steel industry more than claims proven to contain vast quantities of vanadium ore have been brought together and the project financed by the united states which is controlled by large financial and banking interests of new york the consolidation soli dation is the result of two years research and experimental work according to the announcement the new company owns most of the important vanadium mines of the west with the exception of the claims owned bv the united states vanadium company which is already operating a plant idt ciuc colo and producing a large share of the worlds supply of vanadium F B and L boyd hatch president end general manager of the united states company are expected to arrive in denver within the next two weeks to select a site for the central refinery of the new company and formulate a plan of operation denver new castle and rifle are being considered as possible sites for the plant the properties involved in the consolidation include 30 claims in san miguel county colorado known as the property groja 45 claims at long park colorado taken over from tho united states didium company 47 claims formerly owned by the colordo radium corporation at gateway colo 26 chains at dry valley utah in the southeastern part of the state end 18 cl urns near new castle colo where the highest grade ore is found all of the properties have been extensively tested and some are already producing ore some of the claims in the group were previously mined for radium before satisfactory methods were discovered for extracting the vanadium content and before the increasing use of vanadium in steel manufacture had stimulated the demand for the product the consolidation also takes over two experimental plants one at dry valley utah isad the other in the old neef brewery building in west denver experimental work has been carried on m these plants for tho past two years |