Show New Company Acquires Yellow Circle Mines Frank Seymour attorney attorney for tor forthe forthe the Plateau Mining 1 Co Melvln Mel Mel- vin C C. Bowles superintendent of mining operations for for forthe the same company and H. H I. I W. W Balsley Balsley Bals Bals- ley of Moab flew tlC to St St. Louis Mo over the weekend week leaving Grand Junction Friday and returning re reo returning turning there Monday While In St. St Louis a deal was consummated consummated mated whereby the Plateau Mining Co takes over the operation oper open atlon of the Yellow Circle uranium ura lira property 12 miles east of Moab formerly owned by the late C. C W. W Wright and Mr Balsley Bals Dabs ley and more recently acquired by Kansas and Missouri parties The new corporation now has approximately worth of mining drilling and transportation tion Lion equipment and housing on the ground It has a dew crew of 27 men employed the Yellow Circle Cir Clr cle de operation toeing being one of the most extensive In the Colorado Plateau area The directors of the Plateau Mining Co are Vance Thornburg Thorn Thorn- burg Frank Seymour and Melvln Mel Mel- vIn C C. Bowles Mr Bowles and Mr Mr Balsley were piloted to St. St Louis In a plane with Mr Seymour at the I controls He hIe I had broad flying experience In World War II They report that the Missouri Missourian an and t Mississippi river valleys recently visited by disastrous floods are truly lands of deso lation While the waters have subsided hundreds of homes and farms are buried hurled under mud and debris |