Show 1 f RARE MINERAL BASIN r denum is Discovered Near Neary y Causes Big Excitement I a ney jy T. T W. W ODonnell O'Donnell who ost st of the week In Duchesne I Record representative of the near Ouray and the g of that country for miles for t The Vernal attorney everal hundred acres pur pur-i at the Provo sale of reserva- reserva cl d in 1910 and has been bc- bc with offers for a bond and ti is one of the very of this country and is r the tempering and harden harden- steel It is stated that Geras Geri Ger- Ger i as a plentiful supply of it and Brit with great success in the of its large guns Su strike at Ouray Vernal's Venial's gives the following account I rare and valuable mineral Jr feu ll discovered across the DuI Du- Du river west of Ouray A umber of claims have been I and the mineral found pound a series of assays c costing 00 to b be molybdenum This Is worth 75 per pound used In making steel for high armor armor plate for battle battle- battled 55 d fn automobiles It is an r sea ed d to add to the strength of steel The market I d. d as discovered by Moses Moore loore ern rs was located on on March larch 17 and developed through as- as I as-I from Denver capitalists r F ners have given options on onI onI I tl the e claims clams to parties whose have Have not been divulged and andI I ting I g to the terms of the option price is to be i ithe I of the most expert geologists I United Geological Survey has ed d the deposits and has 1 2 protho pro- pro the tho newy newy d discovered min- min thus verifying the theof I 1 of the assays 7 s parties are becoming inters inter- inter a wild scramble for claims full blast Such in In brief bas is b as as as far as we have been able abl mt it Location n notices tices cort cor i t J I first discovered deposits wert were 1 t r 1 record at the tho office of or the recorder of Uintah county on The locations were in I 1 36 Township 4 Range 2 I 31 Township 4 South 3 East Section 1 Township Range 3 East ast Uintah x r. r locators were Edwin B. B Cur- Cur J I Jert ert rt E. E Moore loore Moses Moore t H H. H Arnold I the locators thought they I covered mineral dyestuff that take the place of or German Germant t The fhe mineral is very soluble r rand and when held in solution I M good ink It was the assay- assay discovered the true charac- charac Jf the deposit When its value I known as local capital was wasa wast a t ent eat the aid of ot Denver capi- capi enlisted and the Denver peo- peo t K fether ether with the original loca loca- locate I te ve organized a company and acv J ven yen the option I I G Grand Junction Daily Dally News S Saturday speaking of or the ops op- op s or of the locators of at the new jj ry says In part t tt group of molybdenum ill I claims located in Uintah coun h n within the last six months I It Driver nver men associated with 3 t J. J J Arnold has been sold ld and e that a at t least 1000 I JI h will be paid down and the Pl assed before tho the middle of ot ott t J nth It is 15 known that Arnold iV Il 1 company had de de- I that nothing less less- than one oner r dollars ollars would be accepted for tor peaty erty l p examination of or the property de Ade by hy experts In tho the employ even before the op op- l the group was secured and 7 11 that representatives y purchasers will be in Denver u m tie the i end of ot the week to close IJ fr 1 f ail O proves correct It probably ik lt lc all records In the matter eC elapsing between the loca- loca 1 m mining ng property and Its I I a few tew months have elapsed I rn old had his attention call S 'S n unusual appearing rock Outcropping in n the cliffs cUtts ol ot J Green river 40 miles from Watson Vatson Utah and nd set yet about having hi exhaustive rive Live analysis made to determine its commercial v value lue Once it was determined determined de do to be molybdenum efforts to bu buy the claims were set afoot At least three separate separate ou outfits ha have C been negotiating for Cor their purchase in the thelast thelast last month Dr W. W A A. Bell principal owner with Arnold had determined that the discovery very was worth at least a million mil lion Hon and would not consent to a lower figure figur Few buyers of par par- partially developed ml mining claims have hay hayt heretofore stood willing to lay down cash ash for a prospect so there here was ev every ry reason to expect that thai he owning company compan would proceed Ith development and mine the ores gut But after aCter the visit last week weel of Frank J. J He Hess specialist from the Suites States geological e logical department things began egan to happen and offers for began to come in around around he price fixed Rogers and Rogers are he e Denver rellI representatives e the purchaser but the Id Identity of the r real l buyer Is not known c o |