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Show Forfi '.VsTail-Holtlkvend- ei 'Pay $600,000 Fillls lOquirrh Range Challenges Butte High Grade Ore Claim to 'Riches Hill On Earth' George E. Bridwell, President Butte, Montanas claim to the richest hill on earth, widely of Lavender Uranium Corporaof the Puiv uranium properties in the the rich Oquirrh today announced that an advertised for years is challenged today, by dishict of San Miguel County, Colorado, by Fortune Ura- tion, uranium Range, which soon may surpass Butte in production of mineral 8 foot section of .50 nium Mines, Inc., for a reported price of $600,000 was disclosed ore has been uncovered on com- wealth. this week, shortly after the new uranium company had been pany property in Indian Creek, The rich Oquirrh Range, in geographical area, extends from San Juan County, Utah. cleared with the Utah Securities Commission. in the famous Tail-Ho- lt Slick-Roc- k camps He said that tunneling to that Great Salt Lake south to Milford, taking section has begun and that beginning at Stockton. It embraces Bingham, Mercur and ore 102,000 worth of ore has been the company will commence Oquirrh. been shipped since the mine stock piling ore on or about the was first discovered last Fall, was closed. There has been no Recent published statistics 26th of August. it was reported. activity there since. This discovery, he said, had show that from July 1, 1904, other and Geologists Dumps exist at Mercur conmining been made by exploration of to spring of 1954 the Utah estimate the company five acres of the companys authorities, taining over 3,000,000 tons of gold Copper Company produced reore in has $2,500,000 known 695,000,000 tailings which can be retreated approximately property, and that a full drilling serves. Officials of Fortune say program has been mapped for at a profit. This foreshadows antons of ore from its mine at other period of gold production the top of this range. they expect to be shipping from exploring the companys entire in Mercur in the future. This, of $40,000 to $50,000 worth of ura- 420 acre holding. He said minFrom that ore was produced course is based on an expectanium and vanadium ores per ting and exploration will be dilmonth starting within six weeks. igently prosecuted with ampu. 12,808,000,000 pounds of copper. tion there will be a rise in the Fortune officials also disclosed, funds available from the recent Production for the last 10 years price of gold which would prothe company has acquired 97 un- public offering of capital shares has been approximately 32,000,-00- 0 vide an opportunity to operate tons of ore mined per year by profitably. patented mining claims in Wayne of the company and from profUtah Copper Company. At the present time, as a matbounty, Utah, where a great deal its of ore shipments. is While Bingham producing ter of economics, it is not feasible of drilling activity and operato produce gold at a fixed price copper, there are tions is now under way. producers south of Bingham with other mining commodities The transaction calls for a in the camp of Mercur, which is headed generally toward higher first payment of $200,000. The one of the biggest gold producers costs. Gold fails to participate in balance will be paid off on a in the world and has been known these elastic fluctuations. Gold contractal basis over a period as the Johannesburg of Ameri- mines produce more profitably in of eight years. ca, for many years. Tail-Hohard times when demand for mine is located The one In in Mercur the past, the product is greater. year in the most widely known of the Three uranium companies, UraThe Spring Bulletin of the older uranium producing areas, nium, Inc., Interestate Uranium produced $1,456,485.65 worth of Society of Utah, conwithin half a mile of the famous and Western States Uranium have gold ore. Strange as it seems, Radium and within a jointly purchased four claims in there was no other mineral in the tains several arltcles reflecting quarter of a mile of the old Cou- Montrose County, Colorado for ore except gold. The Camp of the tremendous amount of minMercur was taken over by the eral wealth as yet untouched, lygar mine which produced a sub- $150,000. interests several years ing beneath the surface of the stantial amount of ore for the The claims comprise Leighton Snyder Thars gold in them thar hills AEC v ago. earth in the. .Oquirrh JRange, . a during the Second World No. 1 and 2 and Lark Nos; 7 and and youngsters can start looking When the Issued threat to the alleged definite government for it September 22 when a new War. It also produced uranium 8. The sellers are William G. Order the closing supremacy of Buttes richest hill ordering American Industry Education- ores for Madame Curies early Waldeck, a lawyer of Montrose, of gold mines, Camp Mercur on earth. and William Allen Hopkins a al Hobby Kit goes on sale at lead- experiments. Thomas H. Skidmore, who sold mining man, who jointly owned ing U. S. and Canadian depart- the mine, has been consultant to Lark 7 and 8; and Willard M. ment stores. Manufactured by the Gemo-logic- high government officials con- Leighton and William E. Moore, Institute of America, the cerned with the domestic ura- who together owned Leighton 1 program. and 2. Core drilling experiments kit teaches youngsters to identify niumThe new uranium company were conducted and geologists rocks and use their own geolowas named after FORTUNE have reported great potentials. bechisel to. . and hammer gists a a result of as MAGAZINE, is a As result Inc., Uranium, collections. gin rock complimentary article that SAN FRANCISCO The deepest test ever to be drilled on expanding operations and expects The new educational hobby in that publication. to increase production. In two Venice Dome in appeared kit program was instituted and Plaquemines Parish, Louisiana, has been spudded It was announced the Ned J. weeks shipping is expected from coordinated by Industrial AmerAssociated Oil Company. Tide Water Bowman Company, will handle the four claims. by ica, Inc., in collaboration with The well, a three locations north and west of Interstate and Western States the Museum of Science and In- any public offering of securities Uranium Fortune Company. will participate in the proceeds the nearest producing wells, is projected to 17,000 feet where the by dustry in Chicago. The Bowman interests were re- for a percentage of the claims. indusLeading participating operators anticipate hitting the salt. The step out is the ManUranium trial concerns in the program and sponsibleitsfor Standard hattan E-- 2 on the west flank of the dome proper. way into the Plateau. their kits include: Bauer and finding ,The deepest well drilled preThe transcation was consummatBlack, medical training; Taylor ed Rigs, supplies and personnel are viously was Tide Waters A-- 2 between Joseph W, Frazier Instrument Company, meteorolwhich was drilled to 15,522 feet moved by water. and Charles Steen, with youthful Amerof E. B. Miller, Jr., vice presiRadio ogy; Corporation on the same flank and plugged Bowman in the role of inRalph Amerident of Tide Water, in Houston, the and ica, electronics; back to 13,700 feet for productermediator. can Optical Company, optics. tion. There are multiple miocent Texas, says a budget of $525,000 1 starts No. has been approved for this interRock Detective Kit MOAB, Utah The first phase sands productive in the out by providing means of idenesting exploratory well. salt dome field. of its drilling program on the in24 of rock samples tifying In The Manhattan original 10 claims owned by Liscluded in the kit An illustrated News From Moab which Tide Water has half bon Uranium Company, in Lisbook, prepared under the guidHuminterest with Gulf and bon Valley, has been completed, Coombs & Company, local uraance of Encyclopedia Britannica, with watched will be announcement ble, to nium Uranium Globe by brokers, received the folCompany, according accompanies the kit since considerable interest it lowing telegram from Jack BurThe special book, two identi- which recently opened offices at the President of the company. subessential will was minhorizon ore provide The President of Atlas Uranium 315 been Ness has gess, bearing Building, fication charts, strips of copper Information surface regardon the 38 drilled holes at cored in Moab. weeks. the for ore three past and glass, a piece of steel, and a ing Deal has been completed on ing the possibility of new should begin about properties. Drilling was concenall the Shipping comprise glass magnifying horizons the below the producing where Jim Windbom Mine on the trated Leo to degree highest equipment for the identification. September 1, according strata. present productive mineralization of prevailed. Brumley Ridge. Complete geoUsers of the kit learn many Bateman, Salt Lake, president of 17 feet showed ox Chemical announcthe Tide is Water assay logical report will be sent to stock operator tests such as taste, smell, reac- the company. Bateman of 102 nine feet Venice has Field and the pro- holders this week giving full detion to various liquids, and others ed most of the ore handled has of mineralization, con.23 uranium ductive wells producing a total lta ils of the geological valuation to identify any rock in the kit averaged one per cent. He said which averaged 15 of feet of 6,200 barrels of oil daily. The of the property. or those which they may collect very little ore is now shipped as- tent for one. hole, and 10 which feet of cent. one Burgess, former owner of the mineralization, company's present producers are per saying themselves. Motor Company, erected .40 uranium acres. Watei content, on 31 Tide located claims 1,200 in Burgess has Globe averaged Emery After passing the identification new in the half interest an another for has undivided hole. 20 of miles Green south building at 1000 South stage, youngsters can begin to County, Main be will Information with acres in 15,000 620 acres. the As area, Street, which he later sold acquired drilling prospect. For this, a genuine River on Ito recommendations the and Humble evaluated Gulf and Courtesy Motor Company. equally sharing geologists hammer and chisel, continues, Bateman said, he is op three months ago he sold About to as balance. further development. the together with numbered identi- thnistic of maintaining the one made his luxurious to north Venice Field was discovered in the Fourteen claims $50,000 residence in fication strips and a preprinted per. cent average. showed 1937 has with his wife and now Lake and Salt chemical which Tide and Water provice is assay E. William presare by Huyler Rock Detective Fieldbook two not to Moab, to moved .77 1,-5have allowable six a total of of duces secrefeet Han L. children, is uranium, and ident Jacobs, furnished. near 85 some be he i settlement is combarrels drilled been It treasurer the mining of operations daily. and pending Thus, by the time the youth is tary rethe A is New Orleans. It understood Tide miles of of a 40 south claims promoting. owns also agreement. Globe boundary finished with the kit he or she pany. a be have claims will a had circular to Water stockholders Ridge Mon Brumley dredged port will have a fairly complete rock adjoining a rich strike by amount out of sizable blocked dome canal the around and two weeks in covering digs collection and be ready to delve arch Uranium near Bakersfield, mailed ore. to location. to and each results date plans. California. drilling slips of field geology. deeper in the The transaction, retarded one of the largest and most important consummated in the past few weeks, emphasises the crowinc activity taking place in the Plateau. The property was purchased from Thomas H. Skidmore, President of the Uranium Ore Producers Association and longtime uranium Twining expert. Skidmore obtained the first AEC lease in 1949. He is nationally known in the , uranium industry. Fortune was organized by Boy-de- n L. Wood, President of the Cadillac Agency in Kaysville and of Lester Bennett, Axelson, Bennett and Clark, of Salt Lake. The property includes a fully operating mifte, equipP ed with new equipment valued at $50,000. A total of j vice-preside- nt . highly-produc-tiv- e Uranium Trio Make Joint - 4-Cl- lt aim Buy Prospecting Fun Spreads To Younger Set Min-erologic- ...... L-20- 9 Tide Water Spuds Deepest Oil Well At Venice Dome Area al semi-wildc- at Lisbon Completes First Phase of Drilling Program pierce-ment-ty- pe Globe Uranium Readies Shipment E-- 2, 63 al |