| Show F Federal deral Uranium Reports Upon Projects on Colorado Plateau W. W D D. Jr president n of f r Federal Uranium Corp recently returned returned re reo turned from an Inspection tour o of f company property on the Colorado 0 I Plateau and Issued a report oo oi 0 activities over the area He was accompanied d on the tour tout by Richard W W. Lottridge his chief chef f engineer He reported that Hecla Mining company comp contract operator on Federal Federal Fed ed eral s s' s Radon claims has reported that exploration drilling Indicates re reserves erves in excess of tons averaging 74 grade valued con at more than 20 nil lions Development work Is proceeding in the Haystack butte area of New Mexico and the Yellow Circle claims near Moab Federal hopes to double production within a few I months at both properties Almar Minerals Inc is sinking a l r I compartment two shaft on property In the Big Indian district in which Federal has a 34 per cent Interest Alma Almar Is operator of the property land and has hasa A bl M per cent interest I said laId title problems had I developed recently involving the Atherley lease in the Maryvale area where a property line is in dispute and the Radon group near Moab where a part interest in property owned solely by Federal has been questioned by an Individual on title grounds On the Radon group the Hecla company already is more than halfway half halfway halfway way completed with the sinking of ofa a three compartment vertical shaft About 1500 feet north of the Hecla operation the Almar shaft seeks to tap ap one of three large ore bodies bodie s on the Daniel Ruddock Ruddock group of 1 17 claims Almar officials report that or ore reserves indicated by drilling exceed exceed ex ex- millions 33 among the three ore are bodies discovered to date This Is s the property in which Federal has hasa a 34 per cent interest Federal has plans to double present present pres pres- ent production from the Yellow Circle group of claims near Moab I At present this group is producing tons of ore a month from three different points and this work Is being done under contract Lottridge ge reported that the property property prop prop- erty has been extensively drilled and ore bodies developed beyond the present working faces The claims are included in n the Plateau Mining operation which was absorbed absorbed absorbed ab ab- In Federal from Kentucky- Kentucky Utah Federal is taking steps to put into effect benefits of central management management management manage manage- ment wherever practical in f its ts is state multi-state operation Previously y y separate operations have hand handled ed d separate administrative matters matter s. s Many functions can be coordinated d for greater efficiency sai said d i d. |
