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Show Power Needs Sparking Hew Hunt for U-Qre Construction orders for nuclear power generators 'tot will increase U. S. generating capacity more than ten-fold, have spurr-cl spurr-cl exploration here that appears destined to un-lotk un-lotk new reserves and new fields for the once al most dormant uranium industry. Drilling and development work 'by several companies compan-ies has been underway on selective properties for the past six months and staking stak-ing of claims by major industry continues. : ? i V ! i - j h . ; 1 'r : r. s . - sk .. , ' . v , . " , - CORE DRILLING Work continues on a drilling ' W'ogram, probing the Hatch Point area for uranium ' Posits, by Transpacific Enterprises one of many ?lrms involved in the new hur.t for uranium reserves 111 the Moab area. Seeking to establish an extension of the trend established es-tablished in the Big Indian-Lisbon Valley area of .San Juan County is a Guam based company, Transpacific Enterprises. "Transpac," using Aer-omagnetic Aer-omagnetic Survey and Gravimetric Survey, has selected a group of 52 claims in the Eight Mile Rock-Hatch Point area for an extensive drilling program. pro-gram. The company completed their second hole of an initial four-well program this week and plans an ex-ten;livc ex-ten;livc drilling program ofr the immediate future. The area has no miiiiiv; experiences, but with the firm holding 26 sections on option and major companies com-panies staking on both sides it is obviously promising. prom-ising. Tom White Drilling of Moab completed the first Transpacific hole May 3, of this year and it was gamma-uranium logged by MeCullough. Logging between be-tween 1,461 and 1.500 feet indicated an ore horizon of thirty-six feet, according accord-ing to reports. A second hole was completed late Monday and awaits logging. logg-ing. The company stakgd the property starting on New Year's Day assisted by a mild winter and fortunate fortun-ate access. Surfaced road is only two miles from the drilling site. Transpacific has mineral miner-al properties in California and Colorado and real estate es-tate interests in Guam. President, Jack C. Turner, recently has relocated in Moab nearer, the resurging uranium industry after residing in Guam and Salt Lake City. Financial analysts say the uranium industry wlil be "hard put to satisfy the demand, because ail across the U. S., one elcc-''ric elcc-''ric corajpany after another an-other continues to announce an-nounce plans to build nuclear nu-clear fueled electric power pow-er generators." They add: ". . . the country is only in the embryo stages of a boom which will take many ma-ny years to reach maturity." matur-ity." For Moab, it is a remf 1- satice long anticipated and very much desired. |