Show J. J R. R Simplot Mining Co In Bull Canyon Can Sold In What Might ight Be Largest Deal Sept 8 The holdings of the J. J R. R R Sim plot pot Mining Co of Boise Idaho were sold sod to Mines Ltd of Canada on Wednesday in what may be the largest uranium uran ium lum deal yet concluded with the Vernon Pick sale saIe being the only contender The pur purchasing c has I n g company compan Is to take over October 1st The sale contract was signed Wednesday afternoon in the office of fice of Atty Win Wm Wad ck in th Montrose Col Cold Colo Representing Simplot was general genera manager George McHugh of Boise Idaho and attorneys Waldeck W and andl Lloyd Llod Ia I-Ia ight j I Representing the purchasing co were geologists Abbott Charles of Grand and Junction and George Heikes of Los Ios Altos Atos Calif and Daniel Baniel A. A Kirsch of Los Angeles Calif counsel and vice president of President of Ca Ca- moose is Phillip King Jr of New NewYork NewYork NewYork York City Included in the sale were a all equipment with personnel to remain on the Job gob even taking in passenger cars and all a other operating equipment The three operating mines are producing in the he million bracket at this time it is understood under under- stood but figures were not ob ob 1 tamable at this time This I Is I. the only property on the plateau in addition to the Ithe Mi Vida where diesel equipment is used underground and where trucks tare are loaded right in the mine j I Harold Best Bast est consulting en engineer of Grand Junction and generall partner in Sierra Bonita Co William Wise of Los j Angeles Angeles An geles gees and Grand Junction are said to be the intermediaries who brought the principals Inthe in inthe in inthe the big deal together They al al l so have so-have have holdings in ItIs it itis is stated Mines Ltd Is an anold anold anold old company with e extensive zinc lead dead properties in the northwest north north- west as well as uranium claims in Grand County I The company it is understood plans to the output of the newly acquired property where a conservative in ore are has been blocked block ed out ready to 40 a. e. e with the core drilling program well ahead of mining and set up to complete exploration of the hold ings An interesting feature is that the big deal was one might S say y according to reports completed over the Ane phone The terms and salle price were agreed to verbally i over the phone by Mr Simplot who later it is understood turned down an an offer of fer fer from another company tot for fo a around million million- dollars figure o greater because he be I Iff his word ord as binding as s the 31 page contract conraot signed on Wednes Wednesday da day of this ls week |